10-Q Filing

PACIFIC GREEN TECHNOLOGIES INC. CIK: 1553404 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001213900-15-006374`
Period End Date	20150630
Filing Date	20150819
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	pgtk-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 38 Cash Flow Statement 58

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`	$92.01K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$205.57K	USD	Point-in-time
Unamortized discount, notes payable, current	`DebtInstrumentUnamortizedDiscountCurrent`	$146.37K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.27K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$318.17K	USD	Point-in-time
Unamortized discount, notes payable	`DebtInstrumentUnamortizedDiscount`	$276.59K	USD	Point-in-time
Unamortized discount, notes payable	`DebtInstrumentUnamortizedDiscount`	$486.71K	USD	Point-in-time
VAT receivable	`ValueAddedTaxReceivableCurrent`	$5.68K	USD	Point-in-time
VAT receivable	`ValueAddedTaxReceivableCurrent`	$5.93K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$4.70K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$687.00	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	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Loan receivable	`NotesAndLoansReceivableNetCurrent`	$25.00K	USD	Point-in-time
Loan receivable	`NotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	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
Due from related party (Note 9)	`DueFromRelatedPartiesCurrent`	$11.26K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$340.05K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$43.90K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Intangible assets (Note 4)	`IntangibleAssetsNetExcludingGoodwill`	$13.24M	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`	$13.02M	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`	$13.36M	USD	Point-in-time
Total Assets	`Assets`	$13.28M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.84M	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`	17.84M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$638.81K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$634.49K	USD	Point-in-time
Loan payable (Note 5)	`LoansPayableCurrent`	$683.69K	USD	Point-in-time
Loan payable (Note 5)	`LoansPayableCurrent`	$645.98K	USD	Point-in-time
Convertible debentures, net of unamortized discount of $nil and $14,457, respectively (Note 6)	`ConvertibleDebtCurrent`	-	USD	Point-in-time
Convertible debentures, net of unamortized discount of $nil and $14,457, respectively (Note 6)	`ConvertibleDebtCurrent`	$285.54K	USD	Point-in-time
Current portion of note payable, net of unamortized discount of $146,371 and $33,438, respectively (Note 8)	`LongTermDebtCurrent`	$2.97M	USD	Point-in-time
Current portion of note payable, net of unamortized discount of $146,371 and $33,438, respectively (Note 8)	`LongTermDebtCurrent`	$3.85M	USD	Point-in-time
Due to related parties (Note 9)	`DueToRelatedPartiesCurrent`	$5.15M	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`	$10.32M	USD	Point-in-time
Note payable, net of unamortized discount of $276,586 and $486,710, respectively (Note 8)	`LongTermNotesPayable`	$1.51M	USD	Point-in-time
Note payable, net of unamortized discount of $276,586 and $486,710, respectively (Note 8)	`LongTermNotesPayable`	$723.41K	USD	Point-in-time
Total Liabilities	`Liabilities`	$11.51M	USD	Point-in-time
Total Liabilities	`Liabilities`	$11.04M	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 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Subsequent Events (Note 13)	`SubsequentEvents`	-	USD	Point-in-time
Subsequent Events (Note 13)	`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 17,839,416 and 16,321,681 shares issued and outstanding, respectively	`CommonStockValue`	$17.84K	USD	Point-in-time
Common stock, 500,000,000 shares authorized, $0.001 par value 17,839,416 and 16,321,681 shares issued and outstanding, respectively	`CommonStockValue`	$16.32K	USD	Point-in-time
Common stock issuable (Notes 4 and 10)	`CommonStockIssuable`	$8.87M	USD	Point-in-time
Common stock issuable (Notes 4 and 10)	`CommonStockIssuable`	$9.52M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$45.52M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$47.35M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$45.86K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-34.13K	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-54.54M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-52.68M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.31M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.77M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$13.28M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$13.36M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$218.95K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$531.61K	USD	1 Quarter
Consulting fees (Note 9)	`ConsultancyFees`	$226.54K	USD	1 Quarter
Consulting fees (Note 9)	`ConsultancyFees`	$146.25K	USD	1 Quarter
Foreign exchange loss	`ForeignCurrencyTransactionLossBeforeTax`	$144.19K	USD	1 Quarter
Foreign exchange loss	`ForeignCurrencyTransactionLossBeforeTax`	$69.15K	USD	1 Quarter
Office and miscellaneous	`OfficeAndMiscellaneous`	$16.27K	USD	1 Quarter
Office and miscellaneous	`OfficeAndMiscellaneous`	$12.48K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$40.90K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$56.74K	USD	1 Quarter
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$1.78K	USD	1 Quarter
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$11.29K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$1.73K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$19.50K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$504.54K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$992.85K	USD	1 Quarter
Loss before other income (expense)	`OperatingIncomeLoss`	$-992.85K	USD	1 Quarter
Loss before other income (expense)	`OperatingIncomeLoss`	$-504.54K	USD	1 Quarter
Gain on extinguishment of debt (Note 10)	`GainsLossesOnExtinguishmentOfDebt`	$171.50K	USD	1 Quarter
Gain on extinguishment of debt (Note 10)	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Impairment of goodwill (Note 3)	`GoodwillImpairmentLoss`	$126.78K	USD	1 Quarter
Impairment of goodwill (Note 3)	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Interest expense (Notes 6 and 8)	`InterestExpense`	$348.89K	USD	1 Quarter
Interest expense (Notes 6 and 8)	`InterestExpense`	$339.72K	USD	1 Quarter
Loss on change in fair value of derivative liabilities (Note 7)	`DerivativeGainLossOnDerivativeNet`	$-1.06M	USD	1 Quarter
Loss on change in fair value of derivative liabilities (Note 7)	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-348.89K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-1.35M	USD	1 Quarter
Net loss for the year	`NetIncomeLoss`	$-1.86M	USD	1 Quarter
Net loss for the year	`NetIncomeLoss`	$-1.34M	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$80.00K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$38.48K	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-1.38M	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-1.94M	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.11	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`	17.23M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net Loss for the Period	`NetIncomeLoss`	$-1.86M	USD	1 Quarter
Net Loss for the Period	`NetIncomeLoss`	$-1.34M	USD	1 Quarter
Accretion of discount on note payable and convertible debentures	`AccretionExpense`	$111.65K	USD	1 Quarter
Accretion of discount on note payable and convertible debentures	`AccretionExpense`	$121.97K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$218.95K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$531.61K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$171.50K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Impairment of intangible assets	`GoodwillAndIntangibleAssetImpairment`	$126.78K	USD	1 Quarter
Impairment of intangible assets	`GoodwillAndIntangibleAssetImpairment`	-	USD	1 Quarter
Imputed interest	`ImputedInterest`	$225.00K	USD	1 Quarter
Imputed interest	`ImputedInterest`	$225.00K	USD	1 Quarter
Loss on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-1.06M	USD	1 Quarter
Loss on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
VAT receivable	`IncreaseDecreaseInValueAddedTaxReceivable`	$-2.77K	USD	1 Quarter
VAT receivable	`IncreaseDecreaseInValueAddedTaxReceivable`	$-245.00	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$4.01K	USD	1 Quarter
Due from related party	`IncreaseDecreaseInDueFromRelatedParties`	-	USD	1 Quarter
Due from related party	`IncreaseDecreaseInDueFromRelatedParties`	$-25.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.51K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.26K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-69.03K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$71.13K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-397.06K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-338.45K	USD	1 Quarter
Cash acquired on acquisition of subsidiary	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
Cash acquired on acquisition of subsidiary	`CashAcquiredFromAcquisition`	$50.06K	USD	1 Quarter
Net Cash Provided By Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$50.06K	USD	1 Quarter
Net Cash Provided By Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	$15.57K	USD	1 Quarter
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	$105.14K	USD	1 Quarter
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	$50.11K	USD	1 Quarter
Proceeds from convertible debentures	`ProceedsFromConvertibleDebt`	$200.00K	USD	1 Quarter
Proceeds from convertible debentures	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Proceeds from share subscriptions received	`ProceedsFromShareSubscriptionsReceived`	$650.00K	USD	1 Quarter
Proceeds from share subscriptions received	`ProceedsFromShareSubscriptionsReceived`	-	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$149.89K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$560.43K	USD	1 Quarter
Effect of Foreign Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$44.85K	USD	1 Quarter
Effect of Foreign Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$133.61K	USD	1 Quarter
Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$316.89K	USD	1 Quarter
Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-113.56K	USD	1 Quarter
Cash, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$92.01K	USD	Point-in-time
Cash, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$205.57K	USD	Point-in-time
Cash, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$1.27K	USD	Point-in-time
Cash, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$318.17K	USD	Point-in-time
Cash, End of Year	`CashAndCashEquivalentsAtCarryingValue`	$92.01K	USD	Point-in-time
Cash, End of Year	`CashAndCashEquivalentsAtCarryingValue`	$205.57K	USD	Point-in-time
Cash, End of Year	`CashAndCashEquivalentsAtCarryingValue`	$1.27K	USD	Point-in-time
Cash, End of Year	`CashAndCashEquivalentsAtCarryingValue`	$318.17K	USD	Point-in-time
Common stock issued for extinguishment of debt	`CommonStockIssuedForExtinguishmentOfDebt`	-	USD	1 Quarter
Common stock issued for extinguishment of debt	`CommonStockIssuedForExtinguishmentOfDebt`	$1.61M	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.