10-Q Filing

PACIFIC GREEN TECHNOLOGIES INC. CIK: 1553404 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001213900-17-009580`
Period End Date	20170630
Filing Date	20170912
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	pgtk-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 40 Cash Flow Statement 55

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Unamortized discount, note payable, current	`DebtInstrumentUnamortizedDiscountCurrent`	$33.44K	USD	Point-in-time
Unamortized discount, note payable, current	`DebtInstrumentUnamortizedDiscountCurrent`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$382.17K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$40.11K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$150.67K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$527.64K	USD	Point-in-time
Amounts receivable	`AccountsReceivableNetCurrent`	$25.78K	USD	Point-in-time
Amounts receivable	`AccountsReceivableNetCurrent`	$5.06K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$11.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$146.57K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Due from related parties (Note 9)	`DueFromRelatedPartiesCurrent`	$24.99K	USD	Point-in-time
Due from related parties (Note 9)	`DueFromRelatedPartiesCurrent`	$25.08K	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
Total Current Assets	`AssetsCurrent`	$704.35K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$443.94K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment (Note 3)	`PropertyPlantAndEquipmentNet`	$1.33M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment (Note 3)	`PropertyPlantAndEquipmentNet`	$1.52M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.83M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.30M	shares	Point-in-time
Intangible assets (Note 4)	`IntangibleAssetsNetExcludingGoodwill`	$11.28M	USD	Point-in-time
Intangible assets (Note 4)	`IntangibleAssetsNetExcludingGoodwill`	$11.50M	USD	Point-in-time
Total Assets	`Assets`	$13.27M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.83M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.30M	shares	Point-in-time
Total Assets	`Assets`	$13.50M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$722.43K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$860.05K	USD	Point-in-time
Loan payable (Note 5)	`LoansPayableCurrent`	$334.99K	USD	Point-in-time
Loan payable (Note 5)	`LoansPayableCurrent`	$361.93K	USD	Point-in-time
Convertible debenture (Note 6)	`ConvertibleDebtCurrent`	$90.00K	USD	Point-in-time
Convertible debenture (Note 6)	`ConvertibleDebtCurrent`	$90.00K	USD	Point-in-time
Note payable, net of unamortized discount of $nil and $33,438, respectively (Note 8)	`NotesPayableCurrent`	$4.97M	USD	Point-in-time
Note payable, net of unamortized discount of $nil and $33,438, respectively (Note 8)	`NotesPayableCurrent`	$5.00M	USD	Point-in-time
Due to related parties (Note 9)	`DueToRelatedPartiesCurrent`	$3.94M	USD	Point-in-time
Due to related parties (Note 9)	`DueToRelatedPartiesCurrent`	$4.11M	USD	Point-in-time
Derivative liabilities (Note 7)	`DerivativeLiabilitiesCurrent`	$192.29K	USD	Point-in-time
Derivative liabilities (Note 7)	`DerivativeLiabilitiesCurrent`	$297.35K	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.58M	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.39M	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 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Subsequent Events (Note 15)	`SubsequentEvents`	-	USD	Point-in-time
Subsequent Events (Note 15)	`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 26,830,763 and 26,297,430 shares issued and outstanding, respectively	`CommonStockValue`	$26.83K	USD	Point-in-time
Common stock, 500,000,000 shares authorized, $0.001 par value 26,830,763 and 26,297,430 shares issued and outstanding, respectively	`CommonStockValue`	$26.30K	USD	Point-in-time
Common stock issuable (Note 10)	`CommonStockIssuable`	$50.00K	USD	Point-in-time
Common stock issuable (Note 10)	`CommonStockIssuable`	$770.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$66.58M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$65.91M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$305.84K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$261.79K	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-64.57M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-63.56M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.69M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.11M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$13.27M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$13.50M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Advertising and promotion	`MarketingAndAdvertisingExpense`	-	USD	1 Quarter
Advertising and promotion	`MarketingAndAdvertisingExpense`	$15.85K	USD	1 Quarter
Amortization of intangible assets (Note 4)	`AmortizationOfIntangibleAssets`	$218.95K	USD	1 Quarter
Amortization of intangible assets (Note 4)	`AmortizationOfIntangibleAssets`	$218.95K	USD	1 Quarter
Consulting fees (Note 9)	`ConsultingFees`	$101.80K	USD	1 Quarter
Consulting fees (Note 9)	`ConsultingFees`	$209.26K	USD	1 Quarter
Depreciation (Note 3)	`Depreciation`	-	USD	1 Quarter
Depreciation (Note 3)	`Depreciation`	$2.36K	USD	1 Quarter
Foreign exchange loss (gain)	`ForeignCurrencyTransactionGainBeforeTax`	$-98.47K	USD	1 Quarter
Foreign exchange loss (gain)	`ForeignCurrencyTransactionGainBeforeTax`	$111.93K	USD	1 Quarter
Office and miscellaneous	`OfficeAndMiscellaneous`	$46.83K	USD	1 Quarter
Office and miscellaneous	`OfficeAndMiscellaneous`	$35.41K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$39.53K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$64.60K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$52.30K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$228.85K	USD	1 Quarter
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$13.30K	USD	1 Quarter
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$13.12K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$50.42K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$32.82K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$691.09K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$639.82K	USD	1 Quarter
Loss before other income (expense)	`OperatingIncomeLoss`	$-691.09K	USD	1 Quarter
Loss before other income (expense)	`OperatingIncomeLoss`	$-639.82K	USD	1 Quarter
Gain (loss) on change in fair value of derivative liabilities (Note 7)	`DerivativeGainLossOnDerivativeNet`	$257.24K	USD	1 Quarter
Gain (loss) on change in fair value of derivative liabilities (Note 7)	`DerivativeGainLossOnDerivativeNet`	$-105.06K	USD	1 Quarter
Interest expense (Notes 5, 6, and 8)	`InterestExpense`	$304.56K	USD	1 Quarter
Interest expense (Notes 5, 6, and 8)	`InterestExpense`	$268.70K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-47.32K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-373.76K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.01M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-738.40K	USD	1 Quarter
Foreign currency translation gain	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-44.05K	USD	1 Quarter
Foreign currency translation gain	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-13.00K	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-969.53K	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-725.40K	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	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`	26.47M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-1.01M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-738.40K	USD	1 Quarter
Accretion of discounts on note payable and convertible debenture	`AccretionExpense`	$79.56K	USD	1 Quarter
Accretion of discounts on note payable and convertible debenture	`AccretionExpense`	$33.44K	USD	1 Quarter
Accretion of discounts on note payable and convertible debenture	`AccretionExpense`	$180.07K	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAsset`	$218.95K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAsset`	$218.95K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Depreciation	`Depreciation`	$2.36K	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`	$257.24K	USD	1 Quarter
Loss (gain) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-105.06K	USD	1 Quarter
Amounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-274.00	USD	1 Quarter
Amounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-20.72K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$135.57K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$37.70K	USD	1 Quarter
Due from related party	`IncreaseDecreaseInDueFromRelatedParties`	$94.00	USD	1 Quarter
Due from related party	`IncreaseDecreaseInDueFromRelatedParties`	$1.12K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-137.62K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-29.31K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$63.84K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$141.09K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-617.49K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-398.91K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$87.65K	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-87.65K	USD	1 Quarter
Proceeds from issuance of common stock and share subscriptions received	`ProceedsFromIssuanceOfCommonStock`	$905.50K	USD	1 Quarter
Proceeds from issuance of common stock and share subscriptions received	`ProceedsFromIssuanceOfCommonStock`	$1.17M	USD	1 Quarter
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	$249.00	USD	1 Quarter
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	$319.51K	USD	1 Quarter
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	$331.78K	USD	1 Quarter
Repayment of loan payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Repayment of loan payable	`RepaymentsOfNotesPayable`	$30.92K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$807.30K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$586.24K	USD	1 Quarter
Effect of Foreign Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$43.31K	USD	1 Quarter
Effect of Foreign Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-76.77K	USD	1 Quarter
Increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$145.47K	USD	1 Quarter
Increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$110.56K	USD	1 Quarter
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$382.17K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$40.11K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$150.67K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$527.64K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$382.17K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$40.11K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$150.67K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$527.64K	USD	Point-in-time
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.