10-Q Filing

PACIFIC GREEN TECHNOLOGIES INC. CIK: 1553404 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001213900-14-008212`
Period End Date	20140930
Filing Date	20141114
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	pgtk-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 68 Cash Flow Statement 56

Balance Sheet 66 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`	$110.01K	USD	Point-in-time
Unamortized discount, Notes payable	`DebtInstrumentUnamortizedDiscount`	$606.59K	USD	Point-in-time
Unamortized discount, Notes payable	`DebtInstrumentUnamortizedDiscount`	$898.43K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$93.23K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$28.57K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$205.57K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.14K	USD	Point-in-time
VAT receivable	`ValueAddedTaxReceivableCurrent`	$6.07K	USD	Point-in-time
Preferred stock, par value (in dollar)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
VAT receivable	`ValueAddedTaxReceivableCurrent`	$2.00K	USD	Point-in-time
Preferred stock, par value (in dollar)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$687.00	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$687.00	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$35.32K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$208.26K	USD	Point-in-time
Intangible assets (Note 3)	`IntangibleAssetsNetExcludingGoodwill`	$23.64M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Intangible assets (Note 3)	`IntangibleAssetsNetExcludingGoodwill`	$22.91M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Total Assets	`Assets`	$22.95M	USD	Point-in-time
Common stock, par value (in dollar)	`CommonStockParOrStatedValuePerShare`	$0.00	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
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`	$449.85K	USD	Point-in-time
Accounts payable and accrued liabilities (Note 7)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$586.93K	USD	Point-in-time
Loan payable (Note 4)	`LoansPayableCurrent`	$705.53K	USD	Point-in-time
Loan payable (Note 4)	`LoansPayableCurrent`	$725.32K	USD	Point-in-time
Convertible debentures (Note 5)	`ConvertibleDebtCurrent`	$300.00K	USD	Point-in-time
Convertible debentures (Note 5)	`ConvertibleDebtCurrent`	-	USD	Point-in-time
Current portion of note payable, net of unamortized discount of $110,006 and $33,438, respectively (Note 6)	`LongTermDebtCurrent`	$1.97M	USD	Point-in-time
Current portion of note payable, net of unamortized discount of $110,006 and $33,438, respectively (Note 6)	`LongTermDebtCurrent`	$2.89M	USD	Point-in-time
Due to related parties (Note 7)	`DueToRelatedPartiesCurrent`	$5.36M	USD	Point-in-time
Due to related parties (Note 7)	`DueToRelatedPartiesCurrent`	$5.30M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$9.84M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$8.44M	USD	Point-in-time
Note payable, net of unamortized discount of $606,587 and $898,431, respectively (Note 6)	`LongTermNotesPayable`	$1.39M	USD	Point-in-time
Note payable, net of unamortized discount of $606,587 and $898,431, respectively (Note 6)	`LongTermNotesPayable`	$2.10M	USD	Point-in-time
Total Liabilities	`Liabilities`	$11.23M	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.54M	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`	$44.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$45.07M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-66.65K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-109.14K	USD	Point-in-time
Deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$42.18M	USD	Point-in-time
Deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$40.09M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$13.31M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$11.71M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$23.85M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$22.95M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$263.89K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$199.92K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$361.85K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$731.53K	USD	2 Qtrs
Consulting fees (Note 7)	`ConsultancyFees`	$550.86K	USD	2 Qtrs
Consulting fees (Note 7)	`ConsultancyFees`	$480.32K	USD	2 Qtrs
Consulting fees (Note 7)	`ConsultancyFees`	$245.04K	USD	1 Quarter
Consulting fees (Note 7)	`ConsultancyFees`	$253.78K	USD	1 Quarter
Foreign exchange loss (gain)	`ForeignCurrencyTransactionLossBeforeTax`	$-171.77K	USD	1 Quarter
Foreign exchange loss (gain)	`ForeignCurrencyTransactionLossBeforeTax`	$-27.57K	USD	2 Qtrs
Foreign exchange loss (gain)	`ForeignCurrencyTransactionLossBeforeTax`	$81.57K	USD	1 Quarter
Foreign exchange loss (gain)	`ForeignCurrencyTransactionLossBeforeTax`	$-18.93K	USD	2 Qtrs
Office and miscellaneous	`OfficeAndMiscellaneous`	$13.94K	USD	2 Qtrs
Office and miscellaneous	`OfficeAndMiscellaneous`	$21.35K	USD	2 Qtrs
Office and miscellaneous	`OfficeAndMiscellaneous`	$3.86K	USD	1 Quarter
Office and miscellaneous	`OfficeAndMiscellaneous`	$8.86K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$150.68K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$93.94K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$92.29K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$188.22K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$15.02K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$6.99K	USD	1 Quarter
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$12.96K	USD	1 Quarter
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$21.76K	USD	2 Qtrs
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$17.63K	USD	2 Qtrs
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$15.85K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$38.26K	USD	2 Qtrs
Travel	`TravelAndEntertainmentExpense`	$18.76K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$7.72K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$29.03K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.41M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.16M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$714.31K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$419.34K	USD	1 Quarter
Loss before other expense	`OperatingIncomeLoss`	$-714.31K	USD	1 Quarter
Loss before other expense	`OperatingIncomeLoss`	$-1.41M	USD	2 Qtrs
Loss before other expense	`OperatingIncomeLoss`	$-419.34K	USD	1 Quarter
Loss before other expense	`OperatingIncomeLoss`	$-1.16M	USD	2 Qtrs
Interest expense (Notes 5 and 6)	`InterestExpense`	$212.88K	USD	1 Quarter
Interest expense (Notes 5 and 6)	`InterestExpense`	$396.35K	USD	2 Qtrs
Interest expense (Notes 5 and 6)	`InterestExpense`	$674.23K	USD	2 Qtrs
Interest expense (Notes 5 and 6)	`InterestExpense`	$325.34K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-744.68K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-2.09M	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-927.19K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.56M	USD	2 Qtrs
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-80.97K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-42.49K	USD	2 Qtrs
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$83.37K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$78.25K	USD	2 Qtrs
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-2.04M	USD	2 Qtrs
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-663.71K	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-1.64M	USD	2 Qtrs
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-1.01M	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	2 Qtrs
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	2 Qtrs
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.32M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.73M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.78M	shares	2 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.32M	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-744.68K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-2.09M	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-927.19K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.56M	USD	2 Qtrs
Accretion of discount on note payable	`AccretionExpense`	$215.28K	USD	2 Qtrs
Accretion of discount on note payable	`AccretionExpense`	$250.15K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$263.89K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$199.92K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$361.85K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$731.53K	USD	2 Qtrs
Imputed interest	`ImputedInterest`	$141.18K	USD	2 Qtrs
Imputed interest	`ImputedInterest`	$450.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-188.28K	USD	2 Qtrs
VAT receivable	`IncreaseDecreaseInValueAddedTaxReceivable`	$-4.06K	USD	2 Qtrs
VAT receivable	`IncreaseDecreaseInValueAddedTaxReceivable`	-	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-126.84K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$137.98K	USD	2 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$199.85K	USD	2 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$557.47K	USD	2 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-355.85K	USD	2 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-186.00K	USD	2 Qtrs
Cash acquired on acquisition of subsidiary	`CashAcquiredFromAcquisition`	-	USD	2 Qtrs
Cash acquired on acquisition of subsidiary	`CashAcquiredFromAcquisition`	$16.26K	USD	2 Qtrs
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$16.26K	USD	2 Qtrs
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	$14.88K	USD	2 Qtrs
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	$76.64K	USD	2 Qtrs
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from the issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from the issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$100.00K	USD	2 Qtrs
Proceeds from convertible debentures	`ProceedsFromConvertibleDebt`	-	USD	2 Qtrs
Proceeds from convertible debentures	`ProceedsFromConvertibleDebt`	$300.00K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$114.88K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$223.36K	USD	2 Qtrs
Effect of Foreign Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-44.51K	USD	2 Qtrs
Effect of Foreign Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-35.23K	USD	2 Qtrs
Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-90.09K	USD	2 Qtrs
Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-177.00K	USD	2 Qtrs
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$93.23K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$28.57K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$205.57K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.14K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$93.23K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$28.57K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$205.57K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.14K	USD	Point-in-time
Debt settled with the acquisition of intangible assets	`DebtSettledWithAcquisitionOfIntangibleAssets`	-	USD	2 Qtrs
Debt settled with the acquisition of intangible assets	`DebtSettledWithAcquisitionOfIntangibleAssets`	$330.84K	USD	2 Qtrs
Common stock issued for acquisition of intangible asset	`StockIssued1`	$26.28M	USD	2 Qtrs
Common stock issued for acquisition of intangible asset	`StockIssued1`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs

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