10-Q Filing

PACIFIC GREEN TECHNOLOGIES INC. CIK: 1553404 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001213900-15-001316`
Period End Date	20141231
Filing Date	20150223
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	pgtk-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 74 Cash Flow Statement 65

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Convertible debentures, net of unamortized discount	`DebtInstrumentUnamortizedDiscountPremiumNet`	-	USD	Point-in-time
Convertible debentures, net of unamortized discount	`DebtInstrumentUnamortizedDiscountPremiumNet`	$36.31K	USD	Point-in-time
Unamortized discount, notes payable, current	`DebtInstrumentUnamortizedDiscountCurrent`	$33.44K	USD	Point-in-time
Unamortized discount, notes payable, current	`DebtInstrumentUnamortizedDiscountCurrent`	$72.09K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$371.09K	USD	Point-in-time
Unamortized discount, notes payable	`DebtInstrumentUnamortizedDiscount`	$547.23K	USD	Point-in-time
Unamortized discount, notes payable	`DebtInstrumentUnamortizedDiscount`	$898.43K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.58K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$93.23K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$205.57K	USD	Point-in-time
VAT receivable	`ValueAddedTaxReceivableCurrent`	$5.89K	USD	Point-in-time
VAT receivable	`ValueAddedTaxReceivableCurrent`	$2.00K	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
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, par value (in dollar)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Due from related party (Note 8)	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Due from related party (Note 8)	`DueFromRelatedPartiesCurrent`	$11.26K	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
Total Current Assets	`AssetsCurrent`	$21.41K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Intangible assets (Note 3)	`IntangibleAssetsNetExcludingGoodwill`	$23.64M	USD	Point-in-time
Intangible assets (Note 3)	`IntangibleAssetsNetExcludingGoodwill`	$22.55M	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
Common stock, par value (in dollar)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$22.57M	USD	Point-in-time
Total Assets	`Assets`	$23.85M	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 8)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$685.93K	USD	Point-in-time
Accounts payable and accrued liabilities (Note 8)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$449.85K	USD	Point-in-time
Derivative liabilities (Note 6)	`DerivativeLiabilitiesCurrent`	$38.76K	USD	Point-in-time
Loan payable (Note 4)	`LoansPayableCurrent`	$677.60K	USD	Point-in-time
Loan payable (Note 4)	`LoansPayableCurrent`	$725.32K	USD	Point-in-time
Convertible debentures, net of unamortized discount of $36,315 and $nil, respectively (Note 5)	`ConvertibleDebtCurrent`	$263.69K	USD	Point-in-time
Convertible debentures, net of unamortized discount of $36,315 and $nil, respectively (Note 5)	`ConvertibleDebtCurrent`	-	USD	Point-in-time
Current portion of note payable, net of unamortized discount of $72,091 and $33,438, respectively (Note 7)	`LongTermDebtCurrent`	$1.97M	USD	Point-in-time
Current portion of note payable, net of unamortized discount of $72,091 and $33,438, respectively (Note 7)	`LongTermDebtCurrent`	$2.93M	USD	Point-in-time
Due to related parties (Note 8)	`DueToRelatedPartiesCurrent`	$5.30M	USD	Point-in-time
Due to related parties (Note 8)	`DueToRelatedPartiesCurrent`	$5.31M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$9.90M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$8.44M	USD	Point-in-time
Note payable, net of unamortized discount of $547,227 and $898,431, respectively (Note 7)	`LongTermNotesPayable`	$1.45M	USD	Point-in-time
Note payable, net of unamortized discount of $547,227 and $898,431, respectively (Note 7)	`LongTermNotesPayable`	$2.10M	USD	Point-in-time
Total Liabilities	`Liabilities`	$11.36M	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 shares issued and outstanding	`CommonStockValue`	$16.32K	USD	Point-in-time
Common stock, 500,000,000 shares authorized, $0.001 par value 16,321,681 shares issued and outstanding	`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`	$45.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$44.62M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-109.14K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.15K	USD	Point-in-time
Deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$40.09M	USD	Point-in-time
Deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$42.96M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$11.21M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$13.31M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$22.57M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$23.85M	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	3 Qtrs
Revenue	`Revenues`	-	USD	3 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$365.76K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$399.40K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.10M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$761.25K	USD	3 Qtrs
Consulting fees (Note 8)	`ConsultancyFees`	$831.93K	USD	3 Qtrs
Consulting fees (Note 8)	`ConsultancyFees`	$281.06K	USD	1 Quarter
Consulting fees (Note 8)	`ConsultancyFees`	$684.88K	USD	3 Qtrs
Consulting fees (Note 8)	`ConsultancyFees`	$204.56K	USD	1 Quarter
Foreign exchange gain	`ForeignCurrencyTransactionLossBeforeTax`	$-131.81K	USD	1 Quarter
Foreign exchange gain	`ForeignCurrencyTransactionLossBeforeTax`	$-150.74K	USD	3 Qtrs
Foreign exchange gain	`ForeignCurrencyTransactionLossBeforeTax`	$-188.31K	USD	3 Qtrs
Foreign exchange gain	`ForeignCurrencyTransactionLossBeforeTax`	$-160.74K	USD	1 Quarter
Office and miscellaneous	`OfficeAndMiscellaneous`	$57.97K	USD	3 Qtrs
Office and miscellaneous	`OfficeAndMiscellaneous`	$44.03K	USD	1 Quarter
Office and miscellaneous	`OfficeAndMiscellaneous`	$29.10K	USD	3 Qtrs
Office and miscellaneous	`OfficeAndMiscellaneous`	$7.76K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$274.11K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$29.67K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$180.35K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$85.90K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$17.72K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$32.74K	USD	3 Qtrs
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$9.01K	USD	1 Quarter
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$30.77K	USD	3 Qtrs
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$23.52K	USD	3 Qtrs
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$5.89K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$38.50K	USD	3 Qtrs
Travel	`TravelAndEntertainmentExpense`	$19.01K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$48.04K	USD	3 Qtrs
Travel	`TravelAndEntertainmentExpense`	$247.00	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$453.15K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.89M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$724.32K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.87M	USD	3 Qtrs
Loss before other income (expense)	`OperatingIncomeLoss`	$-1.87M	USD	3 Qtrs
Loss before other income (expense)	`OperatingIncomeLoss`	$-453.15K	USD	1 Quarter
Loss before other income (expense)	`OperatingIncomeLoss`	$-724.32K	USD	1 Quarter
Loss before other income (expense)	`OperatingIncomeLoss`	$-1.89M	USD	3 Qtrs
Gain on change in fair value of derivative liabilities (Note 6)	`DerivativeGainLossOnDerivativeNet`	$4.96K	USD	1 Quarter
Gain on change in fair value of derivative liabilities (Note 6)	`DerivativeGainLossOnDerivativeNet`	$4.96K	USD	3 Qtrs
Interest expense (Notes 5 and 7)	`InterestExpense`	$1.01M	USD	3 Qtrs
Interest expense (Notes 5 and 7)	`InterestExpense`	$616.99K	USD	3 Qtrs
Interest expense (Notes 5 and 7)	`InterestExpense`	$220.65K	USD	1 Quarter
Interest expense (Notes 5 and 7)	`InterestExpense`	$337.80K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-1.01M	USD	3 Qtrs
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-332.85K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-616.99K	USD	3 Qtrs
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-220.65K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-2.87M	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-2.50M	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-785.99K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-944.97K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$31.41K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-58.50K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-100.99K	USD	3 Qtrs
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$109.66K	USD	3 Qtrs
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-727.49K	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-2.61M	USD	3 Qtrs
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-2.77M	USD	3 Qtrs
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-976.38K	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.18	USD	3 Qtrs
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.19	USD	3 Qtrs
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.32M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.32M	shares	3 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.93M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.17M	shares	3 Qtrs

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-2.87M	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-2.50M	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-785.99K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-944.97K	USD	1 Quarter
Accretion of discount on note payable and convertible debentures	`AccretionExpense`	$371.04K	USD	3 Qtrs
Accretion of discount on note payable and convertible debentures	`AccretionExpense`	$319.95K	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$365.76K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$399.40K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.10M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$761.25K	USD	3 Qtrs
Gain on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$4.96K	USD	1 Quarter
Gain on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$4.96K	USD	3 Qtrs
Imputed interest	`ImputedInterest`	$675.00K	USD	3 Qtrs
Imputed interest	`ImputedInterest`	$238.31K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-206.66K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	3 Qtrs
VAT receivable	`IncreaseDecreaseInValueAddedTaxReceivable`	$-3.88K	USD	3 Qtrs
VAT receivable	`IncreaseDecreaseInValueAddedTaxReceivable`	$-19.37K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$20.78K	USD	3 Qtrs
Due from related party	`IncreaseDecreaseInDueFromRelatedParties`	$11.26K	USD	3 Qtrs
Due from related party	`IncreaseDecreaseInDueFromRelatedParties`	-	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-194.49K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$238.27K	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$437.93K	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$259.99K	USD	3 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-722.51K	USD	3 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-302.00K	USD	3 Qtrs
Cash acquired on acquisition of subsidiary	`CashAcquiredFromAcquisition`	-	USD	3 Qtrs
Cash acquired on acquisition of subsidiary	`CashAcquiredFromAcquisition`	$16.26K	USD	3 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireProductiveAssets`	$21.31K	USD	3 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireProductiveAssets`	-	USD	3 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.05K	USD	3 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	$14.88K	USD	3 Qtrs
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	$33.50K	USD	3 Qtrs
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	$65.38K	USD	3 Qtrs
Proceeds from the issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$1.04M	USD	3 Qtrs
Proceeds from the issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from convertible debentures	`ProceedsFromConvertibleDebt`	$300.00K	USD	3 Qtrs
Proceeds from convertible debentures	`ProceedsFromConvertibleDebt`	-	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.05M	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$268.12K	USD	3 Qtrs
Effect of Foreign Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-49.45K	USD	3 Qtrs
Effect of Foreign Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-168.10K	USD	3 Qtrs
Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-201.99K	USD	3 Qtrs
Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$277.86K	USD	3 Qtrs
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$371.09K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.58K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$93.23K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$205.57K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$371.09K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.58K	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
Debt settled with the acquisition of intangible assets	`DebtSettledWithAcquisitionOfIntangibleAssets`	-	USD	3 Qtrs
Debt settled with the acquisition of intangible assets	`DebtSettledWithAcquisitionOfIntangibleAssets`	$330.84K	USD	3 Qtrs
Common stock issued for acquisition of intangible asset	`StockIssued1`	-	USD	3 Qtrs
Common stock issued for acquisition of intangible asset	`StockIssued1`	$26.60M	USD	3 Qtrs
Recognition of debt discount due to derivative	`RecognitionOfDebtDiscountDueToDerivative`	$43.72K	USD	3 Qtrs
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs

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