10-Q Filing

PACIFIC GREEN TECHNOLOGIES INC. CIK: 1553404 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001213900-16-017174`
Period End Date	20160630
Filing Date	20160930
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	pgtk-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 43 Cash Flow Statement 61

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Convertible debentures, net of unamortized discount	`DebtInstrumentUnamortizedDiscountPremiumNet`	$105.02K	USD	Point-in-time
Convertible debentures, net of unamortized discount	`DebtInstrumentUnamortizedDiscountPremiumNet`	$92.60K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$150.67K	USD	Point-in-time
Unamortized discount, note payable, current	`DebtInstrumentUnamortizedDiscountCurrent`	$33.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.27K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$40.11K	USD	Point-in-time
Unamortized discount, note payable, current	`DebtInstrumentUnamortizedDiscountCurrent`	$146.37K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$318.17K	USD	Point-in-time
Unamortized discount, note payable	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
VAT receivable	`ValueAddedTaxReceivableCurrent`	$4.72K	USD	Point-in-time
VAT receivable	`ValueAddedTaxReceivableCurrent`	$5.00K	USD	Point-in-time
Unamortized discount, note payable	`DebtInstrumentUnamortizedDiscount`	$180.51K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$37.70K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Due from related parties (Note 8)	`DueFromRelatedPartiesCurrent`	$50.75K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Due from related parties (Note 8)	`DueFromRelatedPartiesCurrent`	$51.87K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$95.85K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$244.96K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Intangible assets (Note 3)	`IntangibleAssetsNetExcludingGoodwill`	$12.15M	USD	Point-in-time
Intangible assets (Note 3)	`IntangibleAssetsNetExcludingGoodwill`	$12.37M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Assets	`Assets`	$12.39M	USD	Point-in-time
Total Assets	`Assets`	$12.46M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.10M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.76M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.10M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.76M	shares	Point-in-time
Accounts payable and accrued liabilities (Note 8)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$792.20K	USD	Point-in-time
Accounts payable and accrued liabilities (Note 8)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$821.51K	USD	Point-in-time
Loan payable (Note 4)	`LoansPayableCurrent`	$576.03K	USD	Point-in-time
Loan payable (Note 4)	`LoansPayableCurrent`	$625.57K	USD	Point-in-time
Convertible debentures, net of unamortized discount of $92,598 and $105,018, respectively (Note 5)	`ConvertibleDebtCurrent`	$17.40K	USD	Point-in-time
Convertible debentures, net of unamortized discount of $92,598 and $105,018, respectively (Note 5)	`ConvertibleDebtCurrent`	$4.98K	USD	Point-in-time
Current portion of note payable, net of unamortized discount of $146,371 and $33,000, respectively (Note 7)	`NotesPayableCurrent`	$3.97M	USD	Point-in-time
Current portion of note payable, net of unamortized discount of $146,371 and $33,000, respectively (Note 7)	`NotesPayableCurrent`	$4.85M	USD	Point-in-time
Due to related parties (Note 8)	`DueToRelatedPartiesCurrent`	$5.03M	USD	Point-in-time
Due to related parties (Note 8)	`DueToRelatedPartiesCurrent`	$4.81M	USD	Point-in-time
Derivative liabilities (Note 6)	`DerivativeLiabilitiesCurrent`	$816.22K	USD	Point-in-time
Derivative liabilities (Note 6)	`DerivativeLiabilitiesCurrent`	$558.98K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$11.61M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$11.26M	USD	Point-in-time
Note payable, net of unamortized discount of $nil and $180,507, respectively (Note 7)	`LongTermNotesPayable`	-	USD	Point-in-time
Note payable, net of unamortized discount of $nil and $180,507, respectively (Note 7)	`LongTermNotesPayable`	$819.49K	USD	Point-in-time
Total Liabilities	`Liabilities`	$12.08M	USD	Point-in-time
Total Liabilities	`Liabilities`	$11.61M	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 14)	`SubsequentEvents`	-	USD	Point-in-time
Subsequent Events (Note 14)	`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 23,760,576 and 23,104,908 shares issued and outstanding, respectively	`CommonStockValue`	$23.76K	USD	Point-in-time
Common stock, 500,000,000 shares authorized, $0.001 par value 23,760,576 and 23,104,908 shares issued and outstanding, respectively	`CommonStockValue`	$23.11K	USD	Point-in-time
Common stock issuable (Note 9)	`CommonStockIssuable`	$147.00K	USD	Point-in-time
Common stock issuable (Note 9)	`CommonStockIssuable`	$150.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$60.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$61.35M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$120.76K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$133.76K	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-60.13M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-60.87M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$382.38K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$787.47K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.39M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.46M	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Amortization of intangible assets (Note 3)	`AmortizationOfIntangibleAssets`	$218.95K	USD	1 Quarter
Amortization of intangible assets (Note 3)	`AmortizationOfIntangibleAssets`	$218.95K	USD	1 Quarter
Consulting fees (Note 8)	`ConsultingFees`	$209.26K	USD	1 Quarter
Consulting fees (Note 8)	`ConsultingFees`	$146.25K	USD	1 Quarter
Engineering fees	`CostOfServicesEnvironmentalRemediation`	$228.85K	USD	1 Quarter
Engineering fees	`CostOfServicesEnvironmentalRemediation`	-	USD	1 Quarter
Foreign exchange loss (gain)	`ForeignCurrencyTransactionGainBeforeTax`	$111.93K	USD	1 Quarter
Foreign exchange loss (gain)	`ForeignCurrencyTransactionGainBeforeTax`	$-69.15K	USD	1 Quarter
Office and miscellaneous	`OfficeAndMiscellaneous`	$16.27K	USD	1 Quarter
Office and miscellaneous	`OfficeAndMiscellaneous`	$35.41K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$40.90K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$64.60K	USD	1 Quarter
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$11.29K	USD	1 Quarter
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$13.12K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$1.73K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$32.82K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$691.09K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$504.54K	USD	1 Quarter
Loss before other income (expense)	`OperatingIncomeLoss`	$-691.09K	USD	1 Quarter
Loss before other income (expense)	`OperatingIncomeLoss`	$-504.54K	USD	1 Quarter
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$171.50K	USD	1 Quarter
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$162.86K	USD	Point-in-time
Impairment of goodwill	`GoodwillImpairmentLoss`	$126.78K	USD	1 Quarter
Impairment of goodwill	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Interest expense (Notes 5 and 7)	`InterestExpense`	$304.56K	USD	1 Quarter
Interest expense (Notes 5 and 7)	`InterestExpense`	$339.72K	USD	1 Quarter
Gain (loss) on change in fair value of derivative liabilities (Note 6)	`DerivativeGainLossOnDerivativeNet`	$-1.06M	USD	1 Quarter
Gain (loss) on change in fair value of derivative liabilities (Note 6)	`DerivativeGainLossOnDerivativeNet`	$257.24K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-1.35M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-47.32K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-7.45M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-738.40K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-3.05M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-1.86M	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-13.00K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$80.00K	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-725.40K	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`	$-0.03	USD	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.45M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.23M	shares	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-7.45M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-738.40K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-3.05M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-1.86M	USD	1 Quarter
Accretion of discounts on note payable and convertible debentures	`AccretionExpense`	$111.65K	USD	1 Quarter
Accretion of discounts on note payable and convertible debentures	`AccretionExpense`	$79.56K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$218.95K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$218.95K	USD	1 Quarter
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$171.50K	USD	1 Quarter
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$162.86K	USD	Point-in-time
Impairment of goodwill	`GoodwillAndIntangibleAssetImpairment`	-	USD	1 Quarter
Impairment of goodwill	`GoodwillAndIntangibleAssetImpairment`	$126.78K	USD	1 Quarter
Imputed interest	`ImputedInterest`	$225.00K	USD	1 Quarter
Imputed interest	`ImputedInterest`	$225.00K	USD	1 Quarter
Loss (gain) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-1.06M	USD	1 Quarter
Loss (gain) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$257.24K	USD	1 Quarter
VAT receivable	`IncreaseDecreaseInValueAddedTaxReceivable`	$-245.00	USD	1 Quarter
VAT receivable	`IncreaseDecreaseInValueAddedTaxReceivable`	$274.00	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$4.01K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$37.70K	USD	1 Quarter
Due from related party	`IncreaseDecreaseInDueFromRelatedParties`	$1.12K	USD	1 Quarter
Due from related party	`IncreaseDecreaseInDueFromRelatedParties`	$-25.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-29.31K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.51K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$141.09K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-69.03K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-338.45K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-398.91K	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 issuance of shares	`ProceedsFromIssuanceOfCommonStock`	$905.50K	USD	1 Quarter
Proceeds from issuance of shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	$15.57K	USD	1 Quarter
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	$249.00	USD	1 Quarter
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	$105.14K	USD	1 Quarter
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	$319.51K	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`	$586.24K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$560.43K	USD	1 Quarter
Effect of Foreign Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-76.77K	USD	1 Quarter
Effect of Foreign Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$44.85K	USD	1 Quarter
Increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$110.56K	USD	1 Quarter
Increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$316.89K	USD	1 Quarter
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$150.67K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.27K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$40.11K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$318.17K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$150.67K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.27K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$40.11K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$318.17K	USD	Point-in-time
Convertible debentures settled with common stock	`ConvertibleDebenturesSettledWithCommonStock`	$1.61M	USD	1 Quarter
Convertible debentures settled with common stock	`ConvertibleDebenturesSettledWithCommonStock`	-	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.