10-Q Filing

PACIFIC GREEN TECHNOLOGIES INC. CIK: 1553404 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001213900-18-011447`
Period End Date	20180630
Filing Date	20180820
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	pgtk-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 40 Cash Flow Statement 56

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.31M	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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$382.17K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$229.88K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$527.64K	USD	Point-in-time
Amounts receivable	`AccountsReceivableNetCurrent`	$4.91K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Amounts receivable	`AccountsReceivableNetCurrent`	$6.35K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$72.03K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$524.99K	USD	Point-in-time
Due from related parties (Note 8)	`DueFromRelatedPartiesCurrent`	$25.10K	USD	Point-in-time
Due from related parties (Note 8)	`DueFromRelatedPartiesCurrent`	$25.10K	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, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.86M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$331.93K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Lease receivable (Note 3)	`LoansAndLeasesReceivableNetReportedAmount`	$2.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.76M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.21M	shares	Point-in-time
Lease receivable (Note 3)	`LoansAndLeasesReceivableNetReportedAmount`	$2.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	40.76M	shares	Point-in-time
Property and equipment (Note 4)	`PropertyPlantAndEquipmentNet`	$15.80K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.21M	shares	Point-in-time
Property and equipment (Note 4)	`PropertyPlantAndEquipmentNet`	$13.44K	USD	Point-in-time
Intangible assets (Note 5)	`IntangibleAssetsNetExcludingGoodwill`	$10.62M	USD	Point-in-time
Intangible assets (Note 5)	`IntangibleAssetsNetExcludingGoodwill`	$10.40M	USD	Point-in-time
Total Assets	`Assets`	$15.28M	USD	Point-in-time
Total Assets	`Assets`	$12.96M	USD	Point-in-time
Accounts payable and accrued liabilities (Note 8)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$888.76K	USD	Point-in-time
Accounts payable and accrued liabilities (Note 8)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$714.13K	USD	Point-in-time
Convertible debenture (Note 6)	`ConvertibleDebtCurrent`	$30.00K	USD	Point-in-time
Convertible debenture (Note 6)	`ConvertibleDebtCurrent`	$30.00K	USD	Point-in-time
Due to related parties (Note 8)	`DueToRelatedPartiesCurrent`	$79.72K	USD	Point-in-time
Due to related parties (Note 8)	`DueToRelatedPartiesCurrent`	$229.54K	USD	Point-in-time
Derivative liability (Note 7)	`DerivativeLiabilitiesCurrent`	$75.50K	USD	Point-in-time
Derivative liability (Note 7)	`DerivativeLiabilitiesCurrent`	$220.65K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.22M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.04M	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 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments (Note 13)	`CommitmentsAndContingencies`	-	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 43,208,923 and 40,757,415 shares issued and outstanding, respectively	`CommonStockValue`	$40.76K	USD	Point-in-time
Common stock, 500,000,000 shares authorized, $0.001 par value 43,208,923 and 40,757,415 shares issued and outstanding, respectively	`CommonStockValue`	$43.21K	USD	Point-in-time
Common stock issuable (Note 9)	`CommonStockIssuable`	-	USD	Point-in-time
Common stock issuable (Note 9)	`CommonStockIssuable`	$206.68K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$78.99M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$82.65M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$268.26K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$154.03K	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-68.61M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-67.76M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$11.74M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$14.23M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$15.28M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.96M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Advertising and promotion	`MarketingAndAdvertisingExpense`	$15.85K	USD	1 Quarter
Advertising and promotion	`MarketingAndAdvertisingExpense`	$34.52K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$218.95K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$218.95K	USD	1 Quarter
Consulting fees (Note 8)	`ConsultingFees`	$357.08K	USD	1 Quarter
Consulting fees (Note 8)	`ConsultingFees`	$101.80K	USD	1 Quarter
Depreciation	`Depreciation`	$2.36K	USD	1 Quarter
Depreciation	`Depreciation`	$2.36K	USD	1 Quarter
Foreign exchange loss (gain)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-98.47K	USD	1 Quarter
Foreign exchange loss (gain)	`ForeignCurrencyTransactionGainLossBeforeTax`	$144.73K	USD	1 Quarter
Office and miscellaneous	`OfficeAndMiscellaneous`	$62.64K	USD	1 Quarter
Office and miscellaneous	`OfficeAndMiscellaneous`	$46.83K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$69.54K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$39.53K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$52.30K	USD	1 Quarter
Transfer agent and filing fees	`OtherFinancialServiceCosts`	$17.02K	USD	1 Quarter
Transfer agent and filing fees	`OtherFinancialServiceCosts`	$13.30K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$50.42K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$83.49K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$700.88K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$639.82K	USD	1 Quarter
Loss before other income expenses	`OperatingIncomeLoss`	$-700.88K	USD	1 Quarter
Loss before other income expenses	`OperatingIncomeLoss`	$-639.82K	USD	1 Quarter
Loss on change in fair value of derivative liability (Note 7)	`DerivativeGainLossOnDerivativeNet`	$-145.15K	USD	1 Quarter
Loss on change in fair value of derivative liability (Note 7)	`DerivativeGainLossOnDerivativeNet`	$-105.06K	USD	1 Quarter
Interest expense	`InterestExpense`	$268.70K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.99K	USD	1 Quarter
Total other income expenses	`NonoperatingIncomeExpense`	$-148.14K	USD	1 Quarter
Total other income expenses	`NonoperatingIncomeExpense`	$-373.76K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.01M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-849.02K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$114.23K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-44.05K	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-963.25K	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-969.53K	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.47M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	41.64M	shares	1 Quarter

Cash Flow Statement 56 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`	$-849.02K	USD	1 Quarter
Accretion of discount on note payable and convertible debentures	`AccretionExpense`	$33.44K	USD	1 Quarter
Accretion of discount on note payable and convertible debentures	`AccretionExpense`	-	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAsset`	$218.95K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAsset`	$218.95K	USD	1 Quarter
Depreciation	`Depreciation`	$2.36K	USD	1 Quarter
Depreciation	`Depreciation`	$2.36K	USD	1 Quarter
Imputed interest	`ImputedInterest`	$225.00K	USD	1 Quarter
Imputed interest	`ImputedInterest`	-	USD	1 Quarter
Loss on change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-145.15K	USD	1 Quarter
Loss on change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-105.06K	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	-	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$189.47K	USD	1 Quarter
Amounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-20.72K	USD	1 Quarter
Amounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.44K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidExpense`	$124.93K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidExpense`	$135.57K	USD	1 Quarter
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$94.00	USD	1 Quarter
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	-	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-137.62K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-174.63K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$63.84K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-124.72K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-718.82K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-617.49K	USD	1 Quarter
Additions of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Additions of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$87.65K	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-87.65K	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	$331.78K	USD	1 Quarter
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Repayment of loan payable	`RepaymentsOfNotesPayable`	$30.92K	USD	1 Quarter
Repayment of loan payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.17M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.94M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$2.94M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$807.30K	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`	$-139.33K	USD	1 Quarter
Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$145.47K	USD	1 Quarter
Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.08M	USD	1 Quarter
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.31M	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$382.17K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$229.88K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$527.64K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.31M	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$382.17K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$229.88K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$527.64K	USD	Point-in-time
Stock issued for services included in prepaid expenses	`StockIssued1`	$328.03K	USD	1 Quarter
Stock issued for services included in prepaid expenses	`StockIssued1`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	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.