10-Q Filing

PACIFIC GREEN TECHNOLOGIES INC. CIK: 1553404 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001213900-14-006107`
Period End Date	20140630
Filing Date	20140819
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	pgtk-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 34 Cash Flow Statement 50

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Unamortized discount, Notes payable, Current	`DebtInstrumentUnamortizedDiscountCurrent`	$33.44K	USD	Point-in-time
Unamortized discount, Notes payable, Current	`DebtInstrumentUnamortizedDiscountCurrent`	$146.37K	USD	Point-in-time
Unamortized discount, Notes payable	`DebtInstrumentUnamortizedDiscount`	$898.43K	USD	Point-in-time
Unamortized discount, Notes payable	`DebtInstrumentUnamortizedDiscount`	$663.52K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$93.23K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$205.57K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$92.01K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	USD	Point-in-time
VAT receivable	`ValueAddedTaxReceivableCurrent`	$2.00K	USD	Point-in-time
VAT receivable	`ValueAddedTaxReceivableCurrent`	$4.78K	USD	Point-in-time
Preferred stock, par value (in dollar)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollar)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$687.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$687.00	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$208.26K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$97.47K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Intangible assets (Note 3)	`IntangibleAssetsNetExcludingGoodwill`	$23.11M	USD	Point-in-time
Intangible assets (Note 3)	`IntangibleAssetsNetExcludingGoodwill`	$23.64M	USD	Point-in-time
Common stock, par value (in dollar)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$23.85M	USD	Point-in-time
Total Assets	`Assets`	$23.21M	USD	Point-in-time
Common stock, par value (in dollar)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.32M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.32M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	16.32M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	16.32M	shares	Point-in-time
Accounts payable and accrued liabilities (Note 7)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$448.45K	USD	Point-in-time
Accounts payable and accrued liabilities (Note 7)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$449.85K	USD	Point-in-time
Loan payable (Note 4)	`LoansPayableCurrent`	$725.32K	USD	Point-in-time
Loan payable (Note 4)	`LoansPayableCurrent`	$744.07K	USD	Point-in-time
Convertible debenture (Note 5)	`ConvertibleDebtCurrent`	-	USD	Point-in-time
Convertible debenture (Note 5)	`ConvertibleDebtCurrent`	$200.00K	USD	Point-in-time
Current portion of note payable, net of unamortized discount of $146,371 and $33,438, respectively (Note 6)	`LongTermDebtCurrent`	$1.97M	USD	Point-in-time
Current portion of note payable, net of unamortized discount of $146,371 and $33,438, respectively (Note 6)	`LongTermDebtCurrent`	$2.85M	USD	Point-in-time
Due to related parties (Note 7)	`DueToRelatedPartiesCurrent`	$5.30M	USD	Point-in-time
Due to related parties (Note 7)	`DueToRelatedPartiesCurrent`	$5.47M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$9.72M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$8.44M	USD	Point-in-time
Note payable, net of unamortized discount of $663,524 and $898,431, respectively (Note 6)	`LongTermNotesPayable`	$1.34M	USD	Point-in-time
Note payable, net of unamortized discount of $663,524 and $898,431, respectively (Note 6)	`LongTermNotesPayable`	$2.10M	USD	Point-in-time
Total Liabilities	`Liabilities`	$11.06M	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.54M	USD	Point-in-time
Nature of Operations and Continuance of Business (Note 1)	`NatureOfOperationsAndContinuanceOfBusiness`	-	USD	Point-in-time
Nature of Operations and Continuance of Business (Note 1)	`NatureOfOperationsAndContinuanceOfBusiness`	-	USD	Point-in-time
Commitments (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, 10,000,000 shares authorized, $0.001 par value Nil shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, 10,000,000 shares authorized, $0.001 par value Nil shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, 500,000,000 shares authorized, $0.001 par value 16,321,681 and 16,321,681 shares issued and outstanding, respectively	`CommonStockValue`	$16.32K	USD	Point-in-time
Common stock, 500,000,000 shares authorized, $0.001 par value 16,321,681 and 16,321,681 shares issued and outstanding, respectively	`CommonStockValue`	$16.32K	USD	Point-in-time
Common stock issuable (Note 3)	`CommonStockIssuable`	$8.87M	USD	Point-in-time
Common stock issuable (Note 3)	`CommonStockIssuable`	$8.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$44.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$44.62M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-147.62K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-109.14K	USD	Point-in-time
Deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$41.43M	USD	Point-in-time
Deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$40.09M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$12.15M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$13.31M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$23.85M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$23.21M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$97.96K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$531.61K	USD	1 Quarter
Consulting fees (Note 7)	`ConsultancyFees`	$226.54K	USD	1 Quarter
Consulting fees (Note 7)	`ConsultancyFees`	$305.83K	USD	1 Quarter
Foreign exchange loss (gain)	`ForeignCurrencyTransactionLossBeforeTax`	$144.19K	USD	1 Quarter
Foreign exchange loss (gain)	`ForeignCurrencyTransactionLossBeforeTax`	$-100.50K	USD	1 Quarter
Office and miscellaneous	`OfficeAndMiscellaneous`	$10.08K	USD	1 Quarter
Office and miscellaneous	`OfficeAndMiscellaneous`	$12.48K	USD	1 Quarter
Professional fees (Note 7)	`ProfessionalFees`	$95.93K	USD	1 Quarter
Professional fees (Note 7)	`ProfessionalFees`	$56.74K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$8.03K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$1.78K	USD	1 Quarter
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$8.80K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$19.50K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$21.32K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$447.44K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$992.85K	USD	1 Quarter
Loss before other expense	`OperatingIncomeLoss`	$-992.85K	USD	1 Quarter
Loss before other expense	`OperatingIncomeLoss`	$-447.44K	USD	1 Quarter
Interest expense (Notes 5 and 6)	`InterestExpense`	$348.89K	USD	1 Quarter
Interest expense (Notes 5 and 6)	`InterestExpense`	$183.47K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.34M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-630.91K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-5.12K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$38.48K	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-1.38M	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-625.78K	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.32M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.80M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-1.34M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-630.91K	USD	1 Quarter
Accretion of discount on note payable	`AccretionExpense`	$134.74K	USD	1 Quarter
Accretion of discount on note payable	`AccretionExpense`	$121.97K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$97.96K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$531.61K	USD	1 Quarter
Imputed interest	`ImputedInterest`	$46.24K	USD	1 Quarter
Imputed interest	`ImputedInterest`	$225.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-206.66K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
VAT receivable	`IncreaseDecreaseInValueAddedTaxReceivable`	-	USD	1 Quarter
VAT receivable	`IncreaseDecreaseInValueAddedTaxReceivable`	$-2.77K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-171.69K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.26K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$71.13K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$189.42K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-127.58K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-397.06K	USD	1 Quarter
Cash acquired on acquisition of subsidiary	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
Cash acquired on acquisition of subsidiary	`CashAcquiredFromAcquisition`	$16.26K	USD	1 Quarter
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$16.26K	USD	1 Quarter
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	$14.79K	USD	1 Quarter
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	$50.11K	USD	1 Quarter
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from convertible debenture	`ProceedsFromConvertibleDebt`	$200.00K	USD	1 Quarter
Proceeds from convertible debenture	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$149.89K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$14.79K	USD	1 Quarter
Effect of Foreign Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$5.12K	USD	1 Quarter
Effect of Foreign Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$133.61K	USD	1 Quarter
Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-113.56K	USD	1 Quarter
Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-91.41K	USD	1 Quarter
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$93.23K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$205.57K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$92.01K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$93.23K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$205.57K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$92.01K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	USD	Point-in-time
Debt settled with the acquisition of intangible assets	`DebtSettledWithAcquisitionOfIntangibleAssets`	-	USD	1 Quarter
Debt settled with the acquisition of intangible assets	`DebtSettledWithAcquisitionOfIntangibleAssets`	$330.88K	USD	1 Quarter
Common stock issued for acquisition of intangible asset	`StockIssued1`	-	USD	1 Quarter
Common stock issued for acquisition of intangible asset	`StockIssued1`	$12.96M	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.