10-K/A Filing

PACIFIC GREEN TECHNOLOGIES INC. CIK: 1553404 FY 2016

Filing Information

Form Type	10-K/A
Accession Number	`0001213900-17-009541`
Period End Date	20170331
Filing Date	20170911
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	pgtk-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 44 Cash Flow Statement 72 Stockholders Equity 20

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Convertible debenture, net of unamortized discount	`DebtInstrumentUnamortizedDiscountPremiumNet`	-	USD	Point-in-time
Convertible debenture, net of unamortized discount	`DebtInstrumentUnamortizedDiscountPremiumNet`	$105.02K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$40.11K	USD	Point-in-time
Unamortized discount, note payable, current	`DebtInstrumentUnamortizedDiscountCurrent`	$33.00K	USD	Point-in-time
Unamortized discount, note payable, current	`DebtInstrumentUnamortizedDiscountCurrent`	$33.44K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.27K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$382.17K	USD	Point-in-time
Unamortized discount, note payable	`DebtInstrumentUnamortizedDiscount`	$180.51K	USD	Point-in-time
Amounts receivable	`AccountsReceivableNetCurrent`	$25.78K	USD	Point-in-time
Amounts receivable	`AccountsReceivableNetCurrent`	$5.00K	USD	Point-in-time
Unamortized discount, note payable	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$11.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Due from related parties (Note 10)	`DueFromRelatedPartiesCurrent`	$50.75K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Due from related parties (Note 10)	`DueFromRelatedPartiesCurrent`	$24.99K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$443.94K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$95.85K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Property and equipment (Note 4)	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Property and equipment (Note 4)	`PropertyPlantAndEquipmentNet`	$1.33M	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 5)	`IntangibleAssetsNetExcludingGoodwill`	$12.37M	USD	Point-in-time
Intangible assets (Note 5)	`IntangibleAssetsNetExcludingGoodwill`	$11.50M	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
Total Assets	`Assets`	$13.27M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.10M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.30M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.30M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.10M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$860.05K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$821.51K	USD	Point-in-time
Loan payable (Note 6)	`LoansPayableCurrent`	$625.57K	USD	Point-in-time
Loan payable (Note 6)	`LoansPayableCurrent`	$361.93K	USD	Point-in-time
Convertible debenture, net of unamortized discount of $nil and $105,018, respectively (Note 7)	`ConvertibleDebtCurrent`	$4.98K	USD	Point-in-time
Convertible debenture, net of unamortized discount of $nil and $105,018, respectively (Note 7)	`ConvertibleDebtCurrent`	$90.00K	USD	Point-in-time
Current portion of note payable, net of unamortized discount of $33,438 and $33,000, respectively (Note 9)	`NotesPayableCurrent`	$4.97M	USD	Point-in-time
Current portion of note payable, net of unamortized discount of $33,438 and $33,000, respectively (Note 9)	`NotesPayableCurrent`	$3.97M	USD	Point-in-time
Due to related parties (Note 10)	`DueToRelatedPartiesCurrent`	$4.11M	USD	Point-in-time
Due to related parties (Note 10)	`DueToRelatedPartiesCurrent`	$5.03M	USD	Point-in-time
Derivative liabilities (Note 8)	`DerivativeLiabilitiesCurrent`	$192.29K	USD	Point-in-time
Derivative liabilities (Note 8)	`DerivativeLiabilitiesCurrent`	$816.22K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$10.58M	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 9)	`LongTermNotesPayable`	$819.49K	USD	Point-in-time
Note payable, net of unamortized discount of $nil and $180,507, respectively (Note 9)	`LongTermNotesPayable`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.58M	USD	Point-in-time
Total Liabilities	`Liabilities`	$12.08M	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 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Subsequent Events (Note 18)	`SubsequentEvents`	-	USD	Point-in-time
Subsequent Events (Note 18)	`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 26,297,430 and 23,104,908 shares issued and outstanding, respectively	`CommonStockValue`	$23.11K	USD	Point-in-time
Common stock, 500,000,000 shares authorized, $0.001 par value 26,297,430 and 23,104,908 shares issued and outstanding, respectively	`CommonStockValue`	$26.30K	USD	Point-in-time
Common stock issuable (Note 11)	`CommonStockIssuable`	$50.00K	USD	Point-in-time
Common stock issuable (Note 11)	`CommonStockIssuable`	$150.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$65.91M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$60.22M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$261.79K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$120.76K	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-63.56M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-60.13M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.69M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$382.38K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.77M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$13.27M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.46M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Advertising and promotion	`MarketingAndAdvertisingExpense`	$10.00K	USD	Annual
Advertising and promotion	`MarketingAndAdvertisingExpense`	$97.33K	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$868.67K	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$868.67K	USD	Annual
Consulting fees (Note 10)	`ConsultingFees`	$3.22M	USD	Annual
Consulting fees (Note 10)	`ConsultingFees`	$867.69K	USD	Annual
Depreciation	`Depreciation`	$4.71K	USD	Annual
Depreciation	`Depreciation`	-	USD	Annual
Foreign exchange gain	`ForeignCurrencyTransactionGainBeforeTax`	$49.26K	USD	Annual
Foreign exchange gain	`ForeignCurrencyTransactionGainBeforeTax`	$173.06K	USD	Annual
Office and miscellaneous	`OfficeAndMiscellaneous`	$140.89K	USD	Annual
Office and miscellaneous	`OfficeAndMiscellaneous`	$87.06K	USD	Annual
Professional fees	`ProfessionalFees`	$224.74K	USD	Annual
Professional fees	`ProfessionalFees`	$183.28K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	-	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$516.39K	USD	Annual
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$28.41K	USD	Annual
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$35.41K	USD	Annual
Travel	`TravelAndEntertainmentExpense`	$200.84K	USD	Annual
Travel	`TravelAndEntertainmentExpense`	$87.83K	USD	Annual
Total expenses	`OperatingExpenses`	$4.48M	USD	Annual
Total expenses	`OperatingExpenses`	$2.74M	USD	Annual
Loss before other income (expense)	`OperatingIncomeLoss`	$-4.48M	USD	Annual
Loss before other income (expense)	`OperatingIncomeLoss`	$-2.74M	USD	Annual
Gain (loss) on change in fair value of derivative liabilities (Note 8)	`DerivativeGainLossOnDerivativeNet`	$570.79K	USD	Annual
Gain (loss) on change in fair value of derivative liabilities (Note 8)	`DerivativeGainLossOnDerivativeNet`	$-1.77M	USD	Annual
Gain (loss) on extinguishment of debt (Note 11)	`GainsLossesOnExtinguishmentOfDebt`	$3.14K	USD	Annual
Gain (loss) on extinguishment of debt (Note 11)	`GainsLossesOnExtinguishmentOfDebt`	$171.50K	USD	Annual
Impairment of goodwill (Note 3)	`GoodwillImpairmentLoss`	$126.78K	USD	Annual
Impairment of goodwill (Note 3)	`GoodwillImpairmentLoss`	-	USD	Annual
Interest expense (Notes 7 and 9)	`InterestExpense`	$1.27M	USD	Annual
Interest expense (Notes 7 and 9)	`InterestExpense`	$1.24M	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-692.26K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-2.97M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-7.45M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-3.43M	USD	Annual
Foreign currency translation gain	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-141.03K	USD	Annual
Foreign currency translation gain	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-74.90K	USD	Annual
Comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-3.29M	USD	Annual
Comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-7.37M	USD	Annual
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	Annual
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.38	USD	Annual
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.83M	shares	Annual
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.39M	shares	Annual

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net loss for the year	`NetIncomeLoss`	$-7.45M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-3.43M	USD	Annual
Accretion of discount on note payable and convertible debentures	`AccretionExpense`	$329.96K	USD	Annual
Accretion of discount on note payable and convertible debentures	`AccretionExpense`	$285.09K	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$868.67K	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$868.67K	USD	Annual
Depreciation	`Depreciation`	$4.71K	USD	Annual
Depreciation	`Depreciation`	-	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$3.14K	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$171.50K	USD	Annual
Impairment of goodwill	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Impairment of goodwill	`GoodwillAndIntangibleAssetImpairment`	$126.78K	USD	Annual
Imputed interest	`ImputedInterest`	$900.00K	USD	Annual
Imputed interest	`ImputedInterest`	$900.00K	USD	Annual
Loss (gain) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$570.79K	USD	Annual
Loss (gain) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-1.77M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$2.20M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	-	USD	Annual
Amounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.53K	USD	Annual
Amounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-687.00	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$11.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-687.00	USD	Annual
Due from related party	`IncreaseDecreaseInDueFromRelatedParties`	$-14.50K	USD	Annual
Due from related party	`IncreaseDecreaseInDueFromRelatedParties`	$14.49K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$38.53K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$185.52K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-218.24K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$145.65K	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.13M	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.10M	USD	Annual
Cash acquired on acquisition of subsidiary	`CashAcquiredFromAcquisition`	-	USD	Annual
Cash acquired on acquisition of subsidiary	`CashAcquiredFromAcquisition`	$50.06K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.33M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Net Cash Provided By (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$50.06K	USD	Annual
Net Cash Provided By (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.33M	USD	Annual
Proceeds from issuance of common stock / share subscriptions received	`ProceedsFromIssuanceOfCommonStock`	$4.62M	USD	Annual
Proceeds from issuance of common stock / share subscriptions received	`ProceedsFromIssuanceOfCommonStock`	$1.27M	USD	Annual
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	$19.80K	USD	Annual
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	$359.80K	USD	Annual
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	$612.48K	USD	Annual
Repayment of loan payable	`RepaymentsOfNotesPayable`	$146.31K	USD	Annual
Repayment of loan payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Proceeds from convertible debentures	`ProceedsFromConvertibleDebt`	$100.00K	USD	Annual
Proceeds from convertible debentures	`ProceedsFromConvertibleDebt`	-	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.04M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$3.86M	USD	Annual
Effect of Foreign Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$55.10K	USD	Annual
Effect of Foreign Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-60.14K	USD	Annual
Increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$342.06K	USD	Annual
Increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$38.84K	USD	Annual
Cash, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$40.11K	USD	Point-in-time
Cash, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$1.27K	USD	Point-in-time
Cash, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$382.17K	USD	Point-in-time
Cash, End of Year	`CashAndCashEquivalentsAtCarryingValue`	$40.11K	USD	Point-in-time
Cash, End of Year	`CashAndCashEquivalentsAtCarryingValue`	$1.27K	USD	Point-in-time
Cash, End of Year	`CashAndCashEquivalentsAtCarryingValue`	$382.17K	USD	Point-in-time
Accrued interest settled with common stock	`AccruedInterestSettledWithCommonStock`	-	USD	Annual
Accrued interest settled with common stock	`AccruedInterestSettledWithCommonStock`	$26.68K	USD	Annual
Convertible debentures settled with common stock	`ConvertibleDebenturesSettledWithCommonStock`	$300.00K	USD	Annual
Convertible debentures settled with common stock	`ConvertibleDebenturesSettledWithCommonStock`	$20.00K	USD	Annual
Derivative liabilities settled with common stock	`DerivativeLiabilitiesSettledWithCommonStock`	$1.45M	USD	Annual
Derivative liabilities settled with common stock	`DerivativeLiabilitiesSettledWithCommonStock`	$53.14K	USD	Annual
Reallocation of amount due to a related party to amounts receivable	`ReallocationOfAmountDueToRelatedPartyToAmountsReceivable`	$11.26K	USD	Annual
Reallocation of amount due to a related party to amounts receivable	`ReallocationOfAmountDueToRelatedPartyToAmountsReceivable`	-	USD	Annual
Recognition of convertible debt discount due to derivative	`RecognitionOfConvertibleDebtDiscountDueToDerivative`	-	USD	Annual
Recognition of convertible debt discount due to derivative	`RecognitionOfConvertibleDebtDiscountDueToDerivative`	$110.00K	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 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$2.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$382.38K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.77M	USD	Point-in-time
Shares issued pursuant to private placements	`StockIssuedDuringPeriodValueNewIssues`	$4.62M	USD	Annual
Shares issued pursuant to private placements	`StockIssuedDuringPeriodValueNewIssues`	$1.27M	USD	Annual
Shares issued pursuant to conversion of loans	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.61M	USD	Annual
Shares issued pursuant to conversion of loans	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$70.00K	USD	Annual
Shares issued for consulting services	`StockIssuedDuringPeriodValueIssuedForServices`	$1.02M	USD	Annual
Shares issued pursuant to share exchange agreement	`StockIssuedDuringPeriodValueShareExchangeAgreement`	-	USD	Annual
Shares issued for management services	`StockIssuedDuringPeriodValueForManagementServices`	$251.58K	USD	Annual
Shares issued pursuant to finder's fee agreement	`StockIssuedDuringPeriodValueForFindersFeeAgreement`	$934.16K	USD	Annual
Imputed interest	`AdditionalPaidInCapitalImputedInterest`	$900.00K	USD	Annual
Imputed interest	`AdditionalPaidInCapitalImputedInterest`	$900.00K	USD	Annual
Foreign exchange translation gain	`GoodwillForeignCurrencyTranslationGainLoss`	$141.03K	USD	Annual
Foreign exchange translation gain	`GoodwillForeignCurrencyTranslationGainLoss`	$74.90K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-7.45M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-3.43M	USD	Annual
Balance	`StockholdersEquity`	$2.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$382.38K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.77M	USD	Point-in-time

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