10-K Filing

PACIFIC GREEN TECHNOLOGIES INC. CIK: 1553404 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001213900-15-005239`
Period End Date	20150331
Filing Date	20150716
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	pgtk-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 41 Cash Flow Statement 64 Stockholders Equity 26

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Convertible debentures, net of unamortized discount	`DebtInstrumentUnamortizedDiscountPremiumNet`	$14.46K	USD	Point-in-time
Convertible debentures, net of unamortized discount	`DebtInstrumentUnamortizedDiscountPremiumNet`	-	USD	Point-in-time
Unamortized discount, notes payable, current	`DebtInstrumentUnamortizedDiscountCurrent`	$33.44K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$205.57K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$93.23K	USD	Point-in-time
Unamortized discount, notes payable, current	`DebtInstrumentUnamortizedDiscountCurrent`	$33.44K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.27K	USD	Point-in-time
VAT receivable	`ValueAddedTaxReceivableCurrent`	$2.00K	USD	Point-in-time
Unamortized discount, notes payable	`DebtInstrumentUnamortizedDiscount`	$486.71K	USD	Point-in-time
VAT receivable	`ValueAddedTaxReceivableCurrent`	$5.68K	USD	Point-in-time
Unamortized discount, notes payable	`DebtInstrumentUnamortizedDiscount`	$898.43K	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
Prepaid expenses	`PrepaidExpenseCurrent`	$687.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$687.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Loan receivable	`NotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Loan receivable	`NotesAndLoansReceivableNetCurrent`	$25.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Due from related party (Note 9)	`DueFromRelatedPartiesCurrent`	$11.26K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Due from related party (Note 9)	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$43.90K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$208.26K	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 4)	`IntangibleAssetsNetExcludingGoodwill`	$13.24M	USD	Point-in-time
Intangible assets (Note 4)	`IntangibleAssetsNetExcludingGoodwill`	$14.10M	USD	Point-in-time
Total Assets	`Assets`	$14.31M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$13.28M	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 9)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$638.81K	USD	Point-in-time
Accounts payable and accrued liabilities (Note 9)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$449.85K	USD	Point-in-time
Loan payable (Note 5)	`LoansPayableCurrent`	$645.98K	USD	Point-in-time
Loan payable (Note 5)	`LoansPayableCurrent`	$725.32K	USD	Point-in-time
Convertible debentures, net of unamortized discount of $14,457 and $nil, respectively (Note 6)	`ConvertibleDebtCurrent`	$285.54K	USD	Point-in-time
Convertible debentures, net of unamortized discount of $14,457 and $nil, respectively (Note 6)	`ConvertibleDebtCurrent`	-	USD	Point-in-time
Current portion of note payable, net of unamortized discount of $33,438 and $33,438, respectively (Note 8)	`LongTermDebtCurrent`	$1.97M	USD	Point-in-time
Current portion of note payable, net of unamortized discount of $33,438 and $33,438, respectively (Note 8)	`LongTermDebtCurrent`	$2.97M	USD	Point-in-time
Due to related parties (Note 9)	`DueToRelatedPartiesCurrent`	$5.30M	USD	Point-in-time
Due to related parties (Note 9)	`DueToRelatedPartiesCurrent`	$5.07M	USD	Point-in-time
Derivative liabilities (Note 7)	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Derivative liabilities (Note 7)	`DerivativeLiabilitiesCurrent`	$393.42K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$10.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$8.44M	USD	Point-in-time
Note payable, net of unamortized discount of $486,710 and $898,431, respectively (Note 8)	`LongTermNotesPayable`	$1.51M	USD	Point-in-time
Note payable, net of unamortized discount of $486,710 and $898,431, respectively (Note 8)	`LongTermNotesPayable`	$2.10M	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.54M	USD	Point-in-time
Total Liabilities	`Liabilities`	$11.51M	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 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Subsequent Events (Note 16)	`SubsequentEvents`	-	USD	Point-in-time
Subsequent Events (Note 16)	`SubsequentEvents`	-	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 4)	`CommonStockIssuable`	$8.87M	USD	Point-in-time
Common stock issuable (Note 4)	`CommonStockIssuable`	$8.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$44.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$45.52M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-109.14K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$45.86K	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-49.63M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-52.68M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.77M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-4.80M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.77M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$14.31M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$13.28M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$868.67K	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.29M	USD	Annual
Consulting fees (Note 9)	`ConsultancyFees`	$1.22M	USD	Annual
Consulting fees (Note 9)	`ConsultancyFees`	$711.58K	USD	Annual
Foreign exchange gain	`ForeignCurrencyTransactionLossBeforeTax`	$-521.92K	USD	Annual
Foreign exchange gain	`ForeignCurrencyTransactionLossBeforeTax`	$-310.92K	USD	Annual
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	$38.89M	USD	Annual
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	Annual
Office and miscellaneous	`OfficeAndMiscellaneous`	$103.49K	USD	Annual
Office and miscellaneous	`OfficeAndMiscellaneous`	$40.51K	USD	Annual
Professional fees	`ProfessionalFees`	$176.80K	USD	Annual
Professional fees	`ProfessionalFees`	$334.37K	USD	Annual
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$45.72K	USD	Annual
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$31.34K	USD	Annual
Travel	`TravelAndEntertainmentExpense`	$48.04K	USD	Annual
Travel	`TravelAndEntertainmentExpense`	$24.37K	USD	Annual
Total operating expenses	`OperatingExpenses`	$41.62M	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.33M	USD	Annual
Loss before other expenses	`OperatingIncomeLoss`	$-1.33M	USD	Annual
Loss before other expenses	`OperatingIncomeLoss`	$-41.62M	USD	Annual
Interest expense (Notes 6 and 8)	`InterestExpense`	$1.39M	USD	Annual
Interest expense (Notes 6 and 8)	`InterestExpense`	$1.37M	USD	Annual
Loss on change in fair value of derivative liabilities (Note 7)	`DerivativeGainLossOnDerivativeNet`	$33.92K	USD	Point-in-time
Loss on change in fair value of derivative liabilities (Note 7)	`DerivativeGainLossOnDerivativeNet`	-	USD	Annual
Loss on change in fair value of derivative liabilities (Note 7)	`DerivativeGainLossOnDerivativeNet`	$-349.70K	USD	Annual
Other loss (Note 14)	`ProvisionForOtherLosses`	$233.87K	USD	Annual
Other loss (Note 14)	`ProvisionForOtherLosses`	-	USD	Annual
Total other expenses	`NonoperatingIncomeExpense`	$-1.63M	USD	Annual
Total other expenses	`NonoperatingIncomeExpense`	$-1.72M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-43.25M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-3.05M	USD	Annual
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-155.00K	USD	Annual
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$120.09K	USD	Annual
Comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-2.90M	USD	Annual
Comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-43.37M	USD	Annual
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.19	USD	Annual
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-3.11	USD	Annual
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.32M	shares	Annual
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.92M	shares	Annual

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss for the year	`NetIncomeLoss`	$-43.25M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-3.05M	USD	Annual
Accretion of discount on note payable and convertible debentures	`AccretionExpense`	$493.73K	USD	Annual
Accretion of discount on note payable and convertible debentures	`AccretionExpense`	$440.98K	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$868.67K	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.29M	USD	Annual
Impairment of intangible assets	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Impairment of intangible assets	`GoodwillAndIntangibleAssetImpairment`	$38.89M	USD	Annual
Imputed interest	`ImputedInterest`	$900.00K	USD	Annual
Imputed interest	`ImputedInterest`	$900.00K	USD	Annual
Loss on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$33.92K	USD	Point-in-time
Loss on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	-	USD	Annual
Loss on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-349.70K	USD	Annual
VAT receivable	`IncreaseDecreaseInValueAddedTaxReceivable`	$-2.00K	USD	Annual
VAT receivable	`IncreaseDecreaseInValueAddedTaxReceivable`	$-3.68K	USD	Annual
Due from related party	`IncreaseDecreaseInDueFromRelatedParties`	-	USD	Annual
Due from related party	`IncreaseDecreaseInDueFromRelatedParties`	$-206.66K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$192.61K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-51.39K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$278.31K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$251.50K	USD	Annual
Net Cash Provided By (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.25M	USD	Annual
Net Cash Provided By (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-53.61K	USD	Annual
Acquisition of intangible assets	`PaymentsToAcquireProductiveAssets`	-	USD	Annual
Acquisition of intangible assets	`PaymentsToAcquireProductiveAssets`	$82.98K	USD	Annual
Cash acquired on acquisition of subsidiary	`CashAcquiredFromAcquisition`	$16.26K	USD	Annual
Cash acquired on acquisition of subsidiary	`CashAcquiredFromAcquisition`	-	USD	Annual
Advance of loan receivable	`PaymentsToAcquireLoansReceivable`	$25.00K	USD	Annual
Advance of loan receivable	`PaymentsToAcquireLoansReceivable`	-	USD	Annual
Advances to related party	`PaymentsToFundLongtermLoansToRelatedParties`	$21.68K	USD	Annual
Advances to related party	`PaymentsToFundLongtermLoansToRelatedParties`	-	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.68K	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-66.72K	USD	Annual
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	$14.88K	USD	Annual
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	$137.82K	USD	Annual
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	$54.96K	USD	Annual
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Repayment of loan payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	Annual
Repayment of loan payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-100.00K	USD	Annual
Proceeds from the issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$1.56M	USD	Annual
Proceeds from the issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from convertible debentures	`ProceedsFromConvertibleDebt`	$300.00K	USD	Annual
Proceeds from convertible debentures	`ProceedsFromConvertibleDebt`	-	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.48M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$382.87K	USD	Annual
Effect of Foreign Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-486.87K	USD	Annual
Effect of Foreign Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-55.49K	USD	Annual
Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$112.34K	USD	Annual
Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-204.30K	USD	Annual
Cash, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$205.57K	USD	Point-in-time
Cash, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$93.23K	USD	Point-in-time
Cash, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$1.27K	USD	Point-in-time
Cash, End of Year	`CashAndCashEquivalentsAtCarryingValue`	$205.57K	USD	Point-in-time
Cash, End of Year	`CashAndCashEquivalentsAtCarryingValue`	$93.23K	USD	Point-in-time
Cash, End of Year	`CashAndCashEquivalentsAtCarryingValue`	$1.27K	USD	Point-in-time
Debt settled with the acquisition of intangible assets	`DebtSettledWithAcquisitionOfIntangibleAssets`	-	USD	Annual
Debt settled with the acquisition of intangible assets	`DebtSettledWithAcquisitionOfIntangibleAssets`	$330.84K	USD	Annual
Common stock issued for acquisition of intangible asset	`StockIssued1`	-	USD	Annual
Common stock issued for acquisition of intangible asset	`StockIssued1`	$26.60M	USD	Annual
Recognition of convertible debt discount due to derivative	`RecognitionOfDebtDiscountDueToDerivative`	$43.72K	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$1.77M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-4.80M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$3.77M	USD	Point-in-time
Common stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$1.56M	USD	Annual
Common stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$100.00K	USD	Point-in-time
Common stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$500.00K	USD	Point-in-time
Common stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$75.00K	USD	Point-in-time
Common stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$50.00K	USD	Point-in-time
Common stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$840.00K	USD	Point-in-time
Common stock issued for cash, Shares	`StockIssuedDuringPeriodSharesNewIssues`	12,500.00	shares	Point-in-time
Common stock issued for cash, Shares	`StockIssuedDuringPeriodSharesNewIssues`	125,000.00	shares	Point-in-time
Common stock issued for cash, Shares	`StockIssuedDuringPeriodSharesNewIssues`	25,000.00	shares	Point-in-time
Common stock issued for cash, Shares	`StockIssuedDuringPeriodSharesNewIssues`	18,750.00	shares	Point-in-time
Common stock issued for cash, Shares	`StockIssuedDuringPeriodSharesNewIssues`	262,500.00	shares	Point-in-time
Stock issued to acquire assets of EnviroTechnologies	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$35.47M	USD	Annual
Stock issued to acquire PGEP	`StockIssuedDuringPeriodValueAcquisitions`	$14.00M	USD	Annual
Stock issued to acquire PGEP, Shares	`StockIssuedDuringPeriodSharesAcquisitions`	3.50M	shares	Point-in-time
Imputed interest	`AdditionalPaidInCapitalImputedInterest`	$900.00K	USD	Annual
Imputed interest	`AdditionalPaidInCapitalImputedInterest`	$900.00K	USD	Annual
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-155.00K	USD	Annual
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$120.09K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-43.25M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-3.05M	USD	Annual
Ending Balance	`StockholdersEquity`	$1.77M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-4.80M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$3.77M	USD	Point-in-time

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