Vista International 10-Q 14 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 14, 2014
Document and Entity Information:	'	'
Entity Registrant Name	'Vista International Technologies Inc	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Entity Central Index Key	'0001096939	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	29,030,914
Entity Filer Category	'Smaller Reporting Company	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well-known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'

Statement_of_Financial_Positio

Statement of Financial Position (USD $)	Jun. 30, 2014	Dec. 31, 2013
Balance Sheets	'	'
Cash and Cash Equivalents, at Carrying Value	$15,566	$7,248
Accounts Receivable, Net, Current	17,256	34,852
Assets, Current	32,822	42,100
Environmental Deposit	170,000	170,000
DepositsAssets	1,896	1,896
Property Plant And EquipmentNet	395,629	451,207
Deferred Costs, Noncurrent	152,655	62,380
Finite-Lived Intangible Assets, Net	17,927	19,895
Assets, Noncurrent	738,107	705,378
Assets	770,929	747,478
Accounts Payable And Accrued Liabilities Current	1,742,347	1,788,603
Accrued Liabilities And Other Liabilities	740,413	639,076
Interest and Dividends Payable, Current	102,389	69,904
Notes Payable Related Parties Current	786,225	814,841
Notes Payable Stockholders	1,108,000	1,108,000
Loans Payable and Capital Leases, Current Portion Net of Discount	102,536	110,417
Deferred Revenue and Credits, Current	245,100	154,500
Liabilities, Current	4,827,010	4,685,341
Capital Lease Obligations, Noncurrent	19,121	10,960
Liabilities, Noncurrent	19,121	10,960
Liabilities	4,846,131	4,696,301
Common Stock, Value, Issued	28,531	25,361
AdditionalPaidInCapital	64,005,509	63,867,648
CommonStockSharesSubscriptions	5,000	5,000
Retained Earnings (Accumulated Deficit)	-68,114,242	-67,846,832
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	-4,075,202	-3,948,823
Liabilities and Equity	$770,929	$747,478

Statement_of_Financial_Positio1

Statement of Financial Position - Parenthetical (USD $)	Jun. 30, 2014	Dec. 31, 2013
Balance Sheets	'	'
Preferred Stock, Par Value	$0.00	$0.00
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Common Stock, Par Value	$0.00	$0.00
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares Issued	28,530,914	25,360,914
Common Stock, Shares Outstanding	28,530,914	25,360,914

Statement_of_Income

Statement of Income (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues	'	'	'	'
Revenues	$175,623	$235,261	$429,962	$426,594
Revenues	175,623	235,261	429,962	426,594
Cost of Revenue	'	'	'	'
Cost Of Revenues	142,848	192,767	340,824	378,794
EnvironmentalRemediationExpense	-14,326	-22,132	-73,413	-63,358
Cost of Revenue	128,522	170,635	267,411	315,436
Gross Profit	47,101	64,626	162,551	111,158
Operating Expenses	'	'	'	'
DepreciationAndAmortization	2,354	1,589	4,709	3,169
Selling, General and Administrative Expense	179,523	298,229	255,890	345,753
Operating Expenses	181,877	299,818	260,599	348,922
Operating Income (Loss)	-134,776	-235,192	-98,048	-237,764
Investment Income, Nonoperating	'	'	'	'
Loss on settlement of liability	'	44,235	'	-129,070
Nonoperating Income (Expense)	'	44,235	'	-129,070
Interest and Debt Expense	'	'	'	'
Interest Expense	75,385	50,600	169,362	100,443
Interest and Debt Expense	75,385	50,600	169,362	100,443
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	-210,161	-241,557	-267,410	-467,277
IncomeTaxExpenseBenefitContinuingOperationsAbstract	'	'	'	'
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest	-210,161	-241,557	-267,410	-467,277
Net Income (Loss) Attributable to Parent	'	'	($267,410)	($467,277)
Earnings Per Share	'	'	'	'
Earnings Per Share, Basic	($0.01)	($0.01)	($0.01)	($0.03)
Weighted Average Number of Shares Outstanding, Basic	27,793,551	20,248,184	26,890,583	14,159,671
Earnings Per Share, Diluted	($0.01)	($0.01)	($0.01)	($0.03)
Weighted Average Number of Shares Outstanding, Diluted	27,793,551	20,248,184	26,890,583	14,159,671

Statement_of_Cash_Flows

Statement of Cash Flows (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Net Cash Provided by (Used in) Operating Activities	'	'
Net Income (Loss) Attributable to Parent	($267,410)	($467,277)
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities	'	'
Depreciation	57,546	53,680
Loss on settlement of liability	'	129,071
Operating expenses incurred by note holder	8,319	46,826
StockIssuedDuringPeriodValueIssuedForServices	136,080	265,000
EnvironmentalRemediationExpense	-73,413	-63,358
Increase (Decrease) in Receivables	17,596	11,988
Increase (Decrease) in Prepaid Expense and Other Assets	'	1,499
IncreaseDecreaseInDeferredRevenue	325	166,000
Increase (Decrease) in Accounts Payable and Accrued Liabilities	160,979	10,816
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities	307,432	621,522
Net Cash Provided by (Used in) Operating Activities	40,022	154,245
Net Cash Provided by (Used in) Financing Activities	'	'
Proceeds from (Repayments of) Notes Payable	-8,039	-17,932
Proceeds from (Repayments of) Related Party Debt	-28,615	1,610
Proceeds from Issuance of Common Stock	4,950	'
Net Cash Provided by (Used in) Financing Activities	-31,704	-16,322
Cash and Cash Equivalents, Period Increase (Decrease)	8,318	137,923
Cash and Cash Equivalents, at Carrying Value	7,248	16,040
Cash and Cash Equivalents, at Carrying Value	$15,566	$153,963

1_Significant_Accounting_Polic

1. Significant Accounting Policies and Nature of Operations	6 Months Ended
	Jun. 30, 2014
Notes	'
1. Significant Accounting Policies and Nature of Operations	'
	1. Significant Accounting Policies and Nature of Operations
	Unaudited Interim Financial Statements
	The accompanying unaudited interim financial statements, which include the wholly-owned subsidiaries of Vista International Technologies, Inc. (the “Company”, “we”, “our”), have been prepared by the Company in accordance with the instructions to Form 10-Q of the Securities and Exchange Commission. The financial information has not been audited and should not be relied upon to the same extent as audited financial statements. Certain information and footnote disclosures normally included in audited financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. Accordingly, these unaudited interim financial statements should be read in conjunction with the Company’s financial statements and related notes contained in the Form 10-K for the year ended December 31, 2013. In the opinion of management, the unaudited interim financial statements reflect all adjustments, including normal recurring adjustments, necessary for fair presentation of the interim periods presented. The results of operations for the six months ended June 30, 2014are not necessarily indicative of the results of operations to be expected for the full year.
	Description of Business
	The Company is in the business of developing, commercializing and operating renewable energy and waste-to-energy (“WTE”) technologies and projects.
	The Company is currently conducting its business in the following areas:
		Tire processing operation in Hutchins, Texas, and
		Renewable energy and WTE projects utilizing the Company’s ThermalGasifier technology and corporate administration at the Company’s offices in Commerce City, Colorado.
	Discrete financial information is not presently maintained for our WTE business as it has not yet generated any revenues.  In addition, management makes investing and resource allocation decisions based on the combined results of both the processing and WTE business.  Accordingly, we only have one reportable segment.
	Going Concern and Management’s Plan
	The Company reported a net loss of approximately $267,400 and net cash provided by operating activities of $40,022 for the six months ended June 30, 2014, has a working capital deficiency of approximately $4.7 million and an accumulated deficit of approximately $68.1 million at June 30, 2014.  These factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s unaudited condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The accompanying unaudited condensed consolidated financial statements do not include any adjustments related to the recovery of the recorded assets or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
	Our continuation as a going concern is dependent upon our ability to generate sufficient cash flow from operations or to obtain equity investment or additional financing to meet obligations on a timely basis and ultimately achieve profitable operations.
	During the six months ended June 30, 2014 the Company did not receive any loans or  proceeds from related parties or shareholders, but it is  expected that the Company will have to rely on loans, including those from related parties and issuances of shares in private placements to meet its working capital needs for the foreseeable future.
	Management plans to focus the Company’s resources in four key areas:
	Thermal Gasifier engineering design and deployment
	Maximizing value from the Hutchins, Texas tire processing and storage facility.
	Development of project based opportunities
	Attracting strategic investment
	1. Significant Accounting Policies and Nature of Operations (Continued)
	Management considers the Thermal Gasifier and waste-to-energy segment to be our core business. However, significant focus continues to be placed on the improvement of the tire processing operation at our Hutchins, TX facility to increase production and reduce operating costs, and expand sales to increase revenue and cash flow.  In February 2012, the Company began operation of the shredding equipment for its TDF production line
	We continue to develop our internal resources and implement business development activities to secure waste-to-energy and biomass-to-energy facility opportunities that will utilize our Thermal Gasifier technology through build-own-operate agreements or through joint-venture relationships with strategic partners. We are looking to partner with companies that produce large hydrocarbon-based waste streams and are also in need of thermal and/or electrical energy. We are targeting opportunities where there are high disposal fees and energy rates, where we can use the Thermal Gasifier with back end power systems to provide significant cost savings to the end user.  We are reviewing the economic viability of a number of opportunities in the northeastern United States and in Colorado and are currently working towards obtaining letters of intent from these entities.    We currently have a pilot project being constructed in the northeastern US to showcase the technology and obtain emissions testing data from our current generation of units. Currently, the Company does not have any Thermal Gasifiers in operation.
	Management believes that current revenue levels will not be sufficient to meet our operational needs and execute the Company’s complete business plan. The Company is seeking additional funding for the activities described above. The Company is exploring various financing opportunities but does not have a final agreement in place  at the present time.
	Future funding may be through an equity investment, debt or convertible debt. Current market conditions present uncertainty as to the Company’s ability to secure additional funds, as well as its ability to reach full profitability. There can be no assurance that the Company will be able to secure additional financing, or obtain favorable terms on such financing if it is available.  Continued negative cash flow and lack of liquidity create significant uncertainty about the Company’s ability to fully implement its operating plan, and may result in the Company reducing the scope of its planned operations, scale back or discontinue its technology and project development programs, or obtain funds, if available, through strategic alliances that may require the Company to relinquish rights to certain of its technologies or products or to discontinue its operations entirely.
	Revenue Recognition
	We recognize revenue from our tire fuel processing and storage facility in three ways:
			Disposal fees (“tipping fees”) for waste tires are fully earned when accepted at the facility
			Tire Derived Fuel and other processed tire revenues are fully earned when the product is accepted at the purchaser’s facility.
			Sales of unprocessed whole tires are recognized when delivered to the end user
	Revenue from sales of our Thermal Gasifier will be recognized upon completion, delivery and customer acceptance, using the completed contract method of accounting.   Revenues from other Waste-to-Energy related products or services provided for projects will be recognized when the products are delivered to the end customer, or when services are completed.
	During the quarter ended March 31, 2013 the Company began construction of a pilot waste-to-energy project in the northeastern US.  The project is being funded entirely by an outside party.  The Company is receiving payments in advance of services being performed and finished products being delivered to the project site.  As such, these advance payments are being accounted for as deferred revenue in the Company’s financial statements.  When products are purchased or services performed, these transactions will be recorded as deferred expenses in the Company’s financial statements.  For the ended June 30, 2014, the company recorded $90,600 in deferred revenue and $90,275 in deferred expenses for this project.
	Concentration of Credit Risk
	Our two largest customers comprised approximately 32% and 18% of revenues for the six months ended June 30, 2014, and 26% and 16% of revenues for the three months ended June 30, 2014. Our two largest customers comprised approximately 35% and 17% of revenues for the six months ended June 30, 2013, and 37% and 11% of revenues for the three months ended June 30, 2013.
	Use of Estimates
	U.S. generally accepted accounting principles require us to make certain estimates, judgments and assumptions that we believe are reasonable, based on information available at the time they were made.  These estimates, judgments and assumptions can affect the amounts reported in our condensed consolidated financial statements
	Recent Accounting Pronouncements
	The Company has adopted all applicable recently-issued accounting pronouncements.  The adoption of the accounting pronouncements, including any not yet effective, is not anticipated to have a material effect on the financial position or results of operations of the Company.
	Reclassifications
	Certain reclassifications to the 2013statements of operations and cash flows have been made in order to conform it to the 2014presentation.

2_Notes_Payable_and_Capital_Le

2. Notes Payable and Capital Lease	6 Months Ended
	Jun. 30, 2014
Notes	'
2. Notes Payable and Capital Lease	'
	2. Notes Payable and Capital Lease
	At June 30, 2014 and December 31, 2013, the Company had the following promissory notes outstanding:
		30-Jun-14			31-Dec-13
	23% installment note, secured by equipment, due January 2014, signed personally by a		$         -			1,275
	related party
	1212% Line of credit payable, secured by assets of the Company, due on demand after June 30, 2013		77,241			77,241
	1212% Line of credit payable, secured by assets of the Company, due on demand after June 30, 2013		5,000			5,000
	1414% installment note, secured by equipment, due June 2014, signed personally by related party		-			6,100
	1313.7%   installment note, secured by property, due January 18, 2023		19,121			10,960
	1515% promissory note payable to individual, due on demand, in default		17,000			17,000
	291.99% Dell business credit note for purchase of computer		3,295			3,800
	ToTotal notes payable, capital lease and convertible note payable		121,657			121,376
	LeLess: current maturities		-102,536			(110,416	)
	Notes payable and capital lease – Long-term	$	19,121		$	10,960
	Maturities of notes payable and capital lease at June 30, 2014 are as follows:
	Year ending June 30 ,
	2015		$	102,536
	2016			-
	2017 and Beyond			19,121
			$	121,657
	2. Notes Payable and Capital Lease (Continued)
	Issuance of Lines of Credit
	On April 18, 2012 the company was issued a line of credit for $5,000 at a rate of 12% interest, secured by the assets of the company.  Interest on the Line began to accrue from July 1, 2012, with the balance being due on demand anytime after June 30, 2013.  The company drew $5,000 against the line of credit as of June 30, 2014.
	On April 26, 2012 the company was issued a line of credit for $80,000 at a rate of 12% interest, secured by the assets of the company.  Interest on the Line began to accrue on July 1, 2012, with the balance being due on demand anytime after June 30, 2013.  The company drew $77,241 against this line of credit as of June 30, 2014.

3_Related_Party_Transactions

3. Related Party Transactions	6 Months Ended
	Jun. 30, 2014
Notes	'
3. Related Party Transactions	'
	3. Related Party Transactions
	At June 30, 2014 and December 31, 2013 notes payable - stockholder and notes payable – related parties consisted of the following:
			30-Jun-14		31-Dec-13
	9% Promissory note payable Richard Strain – stockholder, due June 30, 2013, secured by a first priority security interest in Company assets- in default	$	1,108,000	$	1,108,000
	Notes payable- stockholder	$	1,108,000	$	1,108,000
	8%promissory notes payable - Timothy Ruddy, due on demand, secured by all of the Company ’ s assets, security interest is subordinated to the loans extended by Mr. Strain	$	736,225	$	764,841
	10% promissory notes payable to Timothy Ruddy family member, cash interest of 10%		5,000		5,000
	12% promissory notes payable to Timothy Ruddy family members, cash interest of 10% and Company stock of 2%, secured by all of the Company ’ s assets, security interest is subordinated to the loans extended by Mr. Strain, interest due quarterly-default waived		45,000		45,000
	Notes payable-related parties	$	786,225	$	814,841
	Notes payable – stockholder
	On March 29, 2013, the Company consolidated all of Mr. Strain’s debt into a single consolidated $1,108,000 note with interest rate of 9% per annum and subsequently on April 5, 2013 this was acknowledge by Mr. Strain and loaned $15,000 as additional funds to the Company. This loan is secured by all assets of the company and will mature on June 30, 2013.  Coincident with the execution of this note, all of the outstanding interest owed to Mr. Strain was converted to common stock.   This conversion resulted in the issuance of 2,229, 407 shares to Mr. Strain. $222,940 accrued interest was converted at $0.10 per share.   As of July 1, 2013, this note is currently in default, and the Company is working with the shareholder to extend the note. The Company recorded gain of $3,930 on consolidation into one single note of $1,108,000.
	On June 29, 2013 accrued interest of $16,620 due to the shareholder on the consolidated note he has extended to the Company was converted to stock. The Company issued 154,538 shares of common stock to the shareholder in exchange for conversion of the accrued interest. The Company recorded gain of $5,030 on conversion of this accrued interest.
	All other debt of the Company is substantially subordinated to Mr. Strain.
	As of June 30, 2014and December 31, 2013, accrued interest outstanding on the note was approximately $207,800 and $108,000, respectively.
	Interest expense on the loans for the three and six months ended June 30, 2014 was approximately $49,900 and $99,700, respectivelyInterest expense on the loans for the three and six months ended June 30, 2013 was approximately $24,900 and $47,700, respectively.  .
	Notes payable – related party
	On August 3, 2009, the Company entered into a loan agreement with Mr. Timothy D. Ruddy, a Director of the Company.
	The agreement formalized the terms related to working capital funding provided by Mr. Ruddy beginning in the fourth quarter of 2008.  Mr. Ruddy has the option, at his discretion, to receive payment as follows:
	(a) repayment of principal and interest;
	(b) conversion of outstanding amount without accrual of interest into the Company ’ s common stock based on the quoted market price of the stock at the dates loans were made; or
	(c) any combination of cash and stock as described in (a) and (b).
	In December 2010, Mr. Ruddy provided $150,000 of personal assets as collateral for a letter of credit utilized for part of the Company ’ s required financial assurance to the Texas Commission of Environmental Quality ( “ TCEQ ” ).  This letter was called by the TCEQ in December 2011.  Subsequently, Mr. Ruddy provided $75,000 in additional funding to partially cover the amount due by the bank which held the letter of credit, and the Company and Mr. Ruddy jointly executed an unsecured loan for the remaining $75,000. This unsecured loan was paid off by Mr. Ruddy in May of 2012.
	Effective March 1, 2013, Mr. Ruddy converted all outstanding interest on the loan to the common stock of the company at a rate equal to the average closing price of the company ’ s common stock over the ten days prior to the signing of the agreement .  The conversion resulted in the issuance of 3,054,541 shares to Mr. Ruddy.
	3. Related Party Transactions (Continued)
	Accrued interest of $137,149 was converted @$0.0449 per share as per conversion agreement with Mr. Ruddy.  However the market rate was $0.10 at the time of the board meeting approving the agreement and issuance, hence the difference of $168,305 was credited to additional paid in capital as a loss on settlement of liability.
	As of June 30, 2014 and December 31, 2013, accrued interest outstanding on the loan with Mr Ruddy was approximately $79,100 and $49,600, respectively.
	.  Interest expense on the loans for the three and six months ended June 30, 2014 was approximately $14,700 and $29,500. Respectively.  Interest expense on the loans for the three and six months ended June 30, 2013 was approximately $14,700 and $29,100, respectively.
	.
	Notes payable – related party family
	10%-12% promissory note payable to Timothy Ruddy family member has an outstanding balance of $50,000 as of June 30, 2014.
	As of June 30, 2014, no interest payments have been made on these notes. Default has been waived.
	As of June 30, 2014and December 31, 2013, accrued interest outstanding on the loans was approximately $23,300 and $20,300, respectively.
	Interest expense on the loans for the three and six months ended June 30, 2013 was approximately $1,500 and $2,900.
	Interest expense on the loans for the three and six months ended June 30, 2014 was approximately $1,500 and $3,000.
	Settlement Payments
	The Company was named in a suit in the Colorado District Court for the 18th District (Arapahoe County) by a former employee alleging that the Company did not meet its obligation to issue shares to the employee.  On July 12, 2011 the Court granted a motion to enforce a settlement dated September 16, 2010. In accordance with the terms of a court order, the Company was obligated to make payments totaling approximately $104,700, including 6% interest, to a former employee.  An initial payment of $15,455 was made in July 2011 and monthly payments of $3,000, including interest were due through December 2013.  During the second quarter of 2013, the company renegotiated the settlement to allow for a single lump sum payment of $26,500 as a final payment to settle the matter.  Through June 30, 2013, $71,844 has been paid toward the settlement, with no additional payments due. The Company has recorded gain on settlement of liability of $32,856 in the second quarter of 2013.

4_Stockholders_Equity

4. Stockholders' Equity	6 Months Ended
	Jun. 30, 2014
Notes	'
4. Stockholders' Equity	'
	4. Stockholders’ Equity
	Preferred Stock
	The Company has 10,000,000 shares of preferred stock, $0.001 par value, authorized for issuance. Our board of directors is vested with the authority to provide for the issuance of and terms of the preferred shares. No preferred shares have been issued and no terms have been provided at June 30, 2014.
	Common Stock
	The Company has 200,000,000 shares of common stock, $0.001 par value, authorized for issuance. As of June 30, 2014 and December 31, 2013, there were 28,530,914 and 25,360,914 respectively shares of common stock issued and outstanding.
	On January 16, 2014 the Company issued 750,000 shares of S-8 stock to a consultant valued at $28,500 involved with European project development.
	On April 25, 2014 the Company issued 2,200,000 shares in conjunction with an agreement to develop carbon credit assets for the company.  The shares were valued at $107,580.
	On June 5, 2014 the Company issued 220,000 shares of restricted stock to an investor.  The company received proceeds of $4,950 in the transaction.
	Reverse Stock Split
	On September 27, 2012, the company ’ s Board of Directors approved a 1:10 reverse split of the Company ’ s common shares.  The split was declared effective November 21, 2012. All references in the accompanying unaudited condensed consolidated financial statement and notes thereto have been retroactively adjusted to reflect the stock split.

5_Commitments_and_Contingencie

5. Commitments and Contingencies	6 Months Ended
	Jun. 30, 2014
Notes	'
5. Commitments and Contingencies	'
	5. Commitments and Contingencies
	Litigation and Claims
	Settlement Payments
	The Company was named in a suit in the Colorado District Court for the 18th District (Arapahoe County) by a former employee alleging that the Company did not meet its obligation to issue shares to the employee.  On July 12, 2011 the Court granted a motion to enforce a settlement dated September 16, 2010. In accordance with the terms of a court order, the Company was obligated to make payments totaling approximately $104,700, including 6% interest, to a former employee.  An initial payment of $15,455 was made in July 2011 and monthly payments of $3,000, including interest were due through December 2013.  During the second quarter of 2013, the Company renegotiated the settlement to allow for a single lump sum payment of $26,500 as a final payment to settle the matter.  Through June 30, 2013, $71,844 had been paid toward the settlement, and the Company recorded a gain on settlement of liability of $32,856 in the second quarter of 2013.
	Encumbrances on Company Assets
	The following encumbrances exist on the Company’s assets as of  June 30, 2014:
	5. Commitments and Contingencies (Continued)
	Mechanic’s lien filed by a contractor for approximately $86,000 for services provided October, 2007 through April, 2008.  Lien expired in August 2011 under statute of limitations for such liens in Texas. The liability for this judgment is still included in accounts payable and accrued liabilities in the consolidated balance sheets
	Environmental Liability
	Our tire operations in Texas are subject to regulation by the TCEQ.  At June 30, 2014, the Company had approximately 7,700 tons of whole tires, partially shredded tires, tire chips and process waste stored onsite at the tire processing and storage facility. Through January 2011, we were able to dispose of this material at a municipal landfill site with minimal disposal and transportation costs. In February, 2011, the landfill transitioned to a project-based system where tire shreds are requested as needed, and the Company is now required to pay transportation and disposal costs in order to reduce its tire shred inventory. Consequently, the Company has since installed a tire derived fuel (TDF) line to create additional revenue from disposal of the tires and has been selling TDF since February 2012.    Based on these new circumstances, the Company has estimated a disposal cost of approximately $214,700 at June 30, 2014.  This amount has been included in accounts payable and accrued liabilities in the accompanying unaudited condensed consolidated balance sheets, and reflects a decrease of approximately $73,400compared to December 31, 2013.  This amount has been recorded as environmental remediation income in the accompanying unaudited condensed consolidated statements of operations.
	The Company’s registration with the TCEQ requires the Company to provide financial assurance (approximately $170,000 at June 30, 2014) for remediation in the event the Company liquidates and the facility closes.   The Company currently has $170,000 on deposit with the TCEQ, Consisting of $20,000 in cash provided by the company, and $150,000 in cash provided by Mr. Ruddy, The Company has no other asset retirement obligations.

6_Subsequent_Events

6. Subsequent Events	6 Months Ended
	Jun. 30, 2014
Notes	'
6. Subsequent Events	'
	6. Subsequent Events
	On July 17, 2014, the Company entered into an agreement with Green Giant Ventures regarding the completion of carbon credit documentation and marketing.  The Company issued 500,000 shares of S-8 common stock in conjunction with this agreement.

1_Significant_Accounting_Polic1

1. Significant Accounting Policies and Nature of Operations: Unaudited Interim Financial Statements (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Unaudited Interim Financial Statements	'
	Unaudited Interim Financial Statements
	The accompanying unaudited interim financial statements, which include the wholly-owned subsidiaries of Vista International Technologies, Inc. (the “Company”, “we”, “our”), have been prepared by the Company in accordance with the instructions to Form 10-Q of the Securities and Exchange Commission. The financial information has not been audited and should not be relied upon to the same extent as audited financial statements. Certain information and footnote disclosures normally included in audited financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. Accordingly, these unaudited interim financial statements should be read in conjunction with the Company’s financial statements and related notes contained in the Form 10-K for the year ended December 31, 2013. In the opinion of management, the unaudited interim financial statements reflect all adjustments, including normal recurring adjustments, necessary for fair presentation of the interim periods presented. The results of operations for the six months ended June 30, 2014are not necessarily indicative of the results of operations to be expected for the full year.

1_Significant_Accounting_Polic2

1. Significant Accounting Policies and Nature of Operations: Description of Business (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Description of Business	'
	Description of Business
	The Company is in the business of developing, commercializing and operating renewable energy and waste-to-energy (“WTE”) technologies and projects.
	The Company is currently conducting its business in the following areas:
		Tire processing operation in Hutchins, Texas, and
		Renewable energy and WTE projects utilizing the Company’s ThermalGasifier technology and corporate administration at the Company’s offices in Commerce City, Colorado.
	Discrete financial information is not presently maintained for our WTE business as it has not yet generated any revenues.  In addition, management makes investing and resource allocation decisions based on the combined results of both the processing and WTE business.  Accordingly, we only have one reportable segment.

1_Significant_Accounting_Polic3

1. Significant Accounting Policies and Nature of Operations: Going Concern and Management's Plan (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Going Concern and Management's Plan	'
	Going Concern and Management’s Plan
	The Company reported a net loss of approximately $267,400 and net cash provided by operating activities of $40,022 for the six months ended June 30, 2014, has a working capital deficiency of approximately $4.7 million and an accumulated deficit of approximately $68.1 million at June 30, 2014.  These factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s unaudited condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The accompanying unaudited condensed consolidated financial statements do not include any adjustments related to the recovery of the recorded assets or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
	Our continuation as a going concern is dependent upon our ability to generate sufficient cash flow from operations or to obtain equity investment or additional financing to meet obligations on a timely basis and ultimately achieve profitable operations.
	During the six months ended June 30, 2014 the Company did not receive any loans or  proceeds from related parties or shareholders, but it is  expected that the Company will have to rely on loans, including those from related parties and issuances of shares in private placements to meet its working capital needs for the foreseeable future.
	Management plans to focus the Company’s resources in four key areas:
	Thermal Gasifier engineering design and deployment
	Maximizing value from the Hutchins, Texas tire processing and storage facility.
	Development of project based opportunities
	Attracting strategic investment
	1. Significant Accounting Policies and Nature of Operations (Continued)
	Management considers the Thermal Gasifier and waste-to-energy segment to be our core business. However, significant focus continues to be placed on the improvement of the tire processing operation at our Hutchins, TX facility to increase production and reduce operating costs, and expand sales to increase revenue and cash flow.  In February 2012, the Company began operation of the shredding equipment for its TDF production line
	We continue to develop our internal resources and implement business development activities to secure waste-to-energy and biomass-to-energy facility opportunities that will utilize our Thermal Gasifier technology through build-own-operate agreements or through joint-venture relationships with strategic partners. We are looking to partner with companies that produce large hydrocarbon-based waste streams and are also in need of thermal and/or electrical energy. We are targeting opportunities where there are high disposal fees and energy rates, where we can use the Thermal Gasifier with back end power systems to provide significant cost savings to the end user.  We are reviewing the economic viability of a number of opportunities in the northeastern United States and in Colorado and are currently working towards obtaining letters of intent from these entities.    We currently have a pilot project being constructed in the northeastern US to showcase the technology and obtain emissions testing data from our current generation of units. Currently, the Company does not have any Thermal Gasifiers in operation.
	Management believes that current revenue levels will not be sufficient to meet our operational needs and execute the Company’s complete business plan. The Company is seeking additional funding for the activities described above. The Company is exploring various financing opportunities but does not have a final agreement in place  at the present time.
	Future funding may be through an equity investment, debt or convertible debt. Current market conditions present uncertainty as to the Company’s ability to secure additional funds, as well as its ability to reach full profitability. There can be no assurance that the Company will be able to secure additional financing, or obtain favorable terms on such financing if it is available.  Continued negative cash flow and lack of liquidity create significant uncertainty about the Company’s ability to fully implement its operating plan, and may result in the Company reducing the scope of its planned operations, scale back or discontinue its technology and project development programs, or obtain funds, if available, through strategic alliances that may require the Company to relinquish rights to certain of its technologies or products or to discontinue its operations entirely.

1_Significant_Accounting_Polic4

1. Significant Accounting Policies and Nature of Operations: Revenue Recognition (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Revenue Recognition	'
	Revenue Recognition
	We recognize revenue from our tire fuel processing and storage facility in three ways:
		Disposal fees (“tipping fees”) for waste tires are fully earned when accepted at the facility
		Tire Derived Fuel and other processed tire revenues are fully earned when the product is accepted at the purchaser’s facility.
		Sales of unprocessed whole tires are recognized when delivered to the end user
	Revenue from sales of our Thermal Gasifier will be recognized upon completion, delivery and customer acceptance, using the completed contract method of accounting.   Revenues from other Waste-to-Energy related products or services provided for projects will be recognized when the products are delivered to the end customer, or when services are completed.
	During the quarter ended March 31, 2013 the Company began construction of a pilot waste-to-energy project in the northeastern US.  The project is being funded entirely by an outside party.  The Company is receiving payments in advance of services being performed and finished products being delivered to the project site.  As such, these advance payments are being accounted for as deferred revenue in the Company’s financial statements.  When products are purchased or services performed, these transactions will be recorded as deferred expenses in the Company’s financial statements.  For the ended June 30, 2014, the company recorded $90,600 in deferred revenue and $90,275 in deferred expenses for this project.

1_Significant_Accounting_Polic5

1. Significant Accounting Policies and Nature of Operations: Concentration of Credit Risk (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Concentration of Credit Risk	'
	Concentration of Credit Risk
	Our two largest customers comprised approximately 32% and 18% of revenues for the six months ended June 30, 2014, and 26% and 16% of revenues for the three months ended June 30, 2014. Our two largest customers comprised approximately 35% and 17% of revenues for the six months ended June 30, 2013, and 37% and 11% of revenues for the three months ended June 30, 2013.

1_Significant_Accounting_Polic6

1. Significant Accounting Policies and Nature of Operations: Use of Estimates (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Use of Estimates	'
	Use of Estimates
	U.S. generally accepted accounting principles require us to make certain estimates, judgments and assumptions that we believe are reasonable, based on information available at the time they were made.  These estimates, judgments and assumptions can affect the amounts reported in our condensed consolidated financial statements

1_Significant_Accounting_Polic7

1. Significant Accounting Policies and Nature of Operations: Recent Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	The Company has adopted all applicable recently-issued accounting pronouncements.  The adoption of the accounting pronouncements, including any not yet effective, is not anticipated to have a material effect on the financial position or results of operations of the Company.

1_Significant_Accounting_Polic8

1. Significant Accounting Policies and Nature of Operations: Reclassifications (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Reclassifications	'
	Reclassifications
	Certain reclassifications to the 2013statements of operations and cash flows have been made in order to conform it to the 2014presentation.

2_Notes_Payable_and_Capital_Le1

2. Notes Payable and Capital Lease: Schedule of Debt (Tables)	6 Months Ended
	Jun. 30, 2014
Tables/Schedules	'
Schedule of Debt	'
		30-Jun-14		31-Dec-13
	23% installment note, secured by equipment, due January 2014, signed personally by a		$         -		1,275
	related party
	1212% Line of credit payable, secured by assets of the Company, due on demand after June 30, 2013		77,241		77,241
	1212% Line of credit payable, secured by assets of the Company, due on demand after June 30, 2013		5,000		5,000
	1414% installment note, secured by equipment, due June 2014, signed personally by related party		-		6,100
	1313.7%   installment note, secured by property, due January 18, 2023		19,121		10,960
	1515% promissory note payable to individual, due on demand, in default		17,000		17,000
	291.99% Dell business credit note for purchase of computer		3,295		3,800
	ToTotal notes payable, capital lease and convertible note payable		121,657		121,376
	LeLess: current maturities		-102,536		(110,416	)
	Notes payable and capital lease – Long-term	$	19,121	$	10,960

2_Notes_Payable_and_Capital_Le2

2. Notes Payable and Capital Lease: Schedule of Maturities of Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2014
Tables/Schedules	'
Schedule of Maturities of Long-term Debt	'
	Year ending June 30 ,
	2015	$	102,536
	2016		-
	2017 and Beyond		19,121
		$	121,657

3_Related_Party_Transactions_S

3. Related Party Transactions: Schedule of Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2014
Tables/Schedules	'
Schedule of Related Party Transactions	'
			30-Jun-14		31-Dec-13
	9% Promissory note payable Richard Strain – stockholder, due June 30, 2013, secured by a first priority security interest in Company assets- in default	$	1,108,000	$	1,108,000
	Notes payable- stockholder	$	1,108,000	$	1,108,000
	8%promissory notes payable - Timothy Ruddy, due on demand, secured by all of the Company ’ s assets, security interest is subordinated to the loans extended by Mr. Strain	$	736,225	$	764,841
	10% promissory notes payable to Timothy Ruddy family member, cash interest of 10%		5,000		5,000
	12% promissory notes payable to Timothy Ruddy family members, cash interest of 10% and Company stock of 2%, secured by all of the Company ’ s assets, security interest is subordinated to the loans extended by Mr. Strain, interest due quarterly-default waived		45,000		45,000
	Notes payable-related parties	$	786,225	$	814,841

2_Notes_Payable_and_Capital_Le3

2. Notes Payable and Capital Lease: Schedule of Debt (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Details	'	'
23% Installment Note	'	$1,275
12% line of credit payable	77,241	77,241
12% line of credit payable 2	5,000	5,000
14% Installment Note	'	6,100
13.7% Installment Note	19,121	10,960
15% Promissory Note Payable To Individual	17,000	17,000
1.99% Dell Business Credit Note	3,295	3,800
Total Notes Payable Capital Lease And Convertible Note Payable	121,657	121,376
Less: Current Maturities	-102,536	-110,416
Notes Payable And Capital Lease LongTerm	$19,121	$10,960

2_Notes_Payable_and_Capital_Le4

2. Notes Payable and Capital Lease: Schedule of Maturities of Long-term Debt (Details) (USD $)	Jun. 30, 2014
Details	'
Maturities Of Notes Payable And Capital Lease 2015	$102,536
Maturities Of Notes Payable And Capital Lease 2017 & Beyond	19,121
Maturities Of Notes Payable and Capital Lease Total	$121,657

3_Related_Party_Transactions_S1

3. Related Party Transactions: Schedule of Related Party Transactions (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Details	'	'
9% Promissory Note Payable Richard Strain Stockholder Due June 30, 2013	$1,108,000	$1,108,000
Notes Payable Stockholder	1,108,000	1,108,000
8% Promissory Notes Payable Timothy Ruddy Due On Demand	736,225	764,841
10% Promissory Note Payable To Tim Ruddy Family Member Cash Interest Of 10%	5,000	5,000
12% Promissory Note Payable ToTim Ruddy Family Member Cash Interest Of 10% And Company Stock Of 2%	45,000	45,000
Notes Payable Related Parties	$786,225	$814,841