EnerTeck (ETCK) 10-K 17 Apr 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 31, 2017	Jun. 30, 2016
Document And Entity Information
Entity Registrant Name	ENERTECK CORPORATION
Entity Central Index Key	1,128,353
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 3,549,000
Entity Common Stock, Shares Outstanding		30,653,543
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current assets
Cash	$ 6,372	$ 10,025
Inventory	128,746	159,665
Receivables trade, net	14,890	40,176
Employee advances	860
Prepaid expenses	11,801	31,413
Total current assets	162,669	241,279
Intellectual Property	150,000	150,000
Website costs, net of accumulated amortization of $10,551 and $3,930, respectively	22,187	37,304
Property and equipment, net of accumulated depreciation of $364,293 and $363,293, respectively	1,998	2,357
Total assets	336,854	430,940
Current liabilities
Accounts payable	175,405	181,179
Stockholder advances and notes	2,159,000	1,730,050
Customer deposits		24,831
Accrued compensation	3,573,985	3,177,123
Accrued interest	1,034,861	825,714
Accrued liabilities - other	95,729	83,393
Total current liabilities	7,038,980	6,022,290
Deferred lease liability	11,148	13,400
Total Liabilities	7,050,128	6,035,690
Commitments and contingencies
Stockholders Equity (Deficit)
Preferred stock, $.001 par value, 100,000,000 shares authorized, none issued
Common stock, $.001 par value, 100,000,000 shares authorized, 30,653,543 and 30,581,866 shares issued and outstanding, respectively	30,654	30,582
Additional paid-in capital	27,981,469	26,723,641
Accumulated deficit	(34,725,397)	(32,358,973)
Total stockholders equity (deficit)	(6,713,274)	(5,604,750)
Total liabilities and stockholders' equity (deficit)	$ 336,854	$ 430,940

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Non Current assets
Accumulated depreciation on Website costs, net	$ 10,551	$ 3,930
Accumulated depreciation on property and equipment, net	$ 364,293	$ 363,393
Stockholders' Equity
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized shares	100,000,000	100,000,000
Preferred stock, issued shares	0	0
Common stock, par value	$ .001	$ 0.001
Common stock, Authorized	100,000,000	100,000,000
Common stock, Issued	30,653,543	30,581,866
Common stock, outstanding	30,653,543	30,581,866

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Consolidated Statements Of Operations
Product Sales	$ 200,566	$ 279,836
Cost of goods sold	33,762	91,780
Gross profit	166,804	188,056
General and Administrative Expenses:
Wages	687,054	789,263
Stock based compensation	1,236,397
Depreciation and Amortization	16,018	5,007
Other selling, general and administrative	395,067	450,014
Total Expenses	2,334,536	1,244,284
Operating loss	(2,167,732)	(1,255,117)
Other Income (Expense)
Interest Income	3	4
Other income (expense)	10,452	300
Interest expense	(209,147)	(199,193)
Net loss	$ (2,366,424)	$ (1,255,117)
Net Loss per Share: Basic and diluted	$ (0.08)	$ (0.04)
Weighted average shares outstanding: Basic and diluted	30,628,210	28,672,314

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY (DEFICIT) - USD ($)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning Balance, Shares at Dec. 31, 2014	25,598,056
Beginning Balance, Amount at Dec. 31, 2014	$ 25,598	$ 25,469,400	$ (31,103,856)	$ (5,608,858)
Sale of Stock, Shares	1,700,000
Sale of Stock, Amount	$ 1,700	350,800		352,500
Debt conversion, Shares	3,173,811
Debt conversion, Amount	$ 3,174	875,054		878,228
Stock issued for services, Shares	100,000
Stock issued for services, Amount	$ 100	19,900		20,000
Stock and warrants issued for website rights, Shares	10,000
Stock and warrants issued for website rights, Amount	$ 10	8,487		8,497
Net loss			(1,255,117)	(1,255,117)
Ending Balance, Shares at Dec. 31, 2015	30,581,867
Ending Balance, Amount at Dec. 31, 2015	$ 30,582	26,723,641	(32,358,973)	(5,604,750)
Sale of Stock, Shares	71,676
Sale of Stock, Amount	$ 72	21,431		21,503
Issuance of employee options		38,560		38,560
Extension of options/warrants		1,020,580		1,020,580
Vesting of options		7,852		7,852
Warrants to Board of Directors		169,405		169,405
Net loss			(2,366,424)	(2,366,424)
Ending Balance, Shares at Dec. 31, 2016	30,653,543
Ending Balance, Amount at Dec. 31, 2016	$ 30,654	$ 27,981,469	$ (34,725,397)	$ (6,713,274)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Consolidated Statements Of Cash Flows
Net (loss)	$ (2,366,424)	$ (1,255,117)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation and Amortization	16,018	8,937
Common stock warrants and options issued for services		20,000
Warrants and options issued, vested and extended	1,236,397
Other non-cash transactions	(3,113)
Changes in operating assets and liabilities:
Accounts receivable	25,286	(10,052)
Inventory	30,919	9,161
Prepaid expenses	19,612	(19,812)
Accounts payable	(5,774)	19,942
Customer deposits	(24,831)	24,831
Accrued Interest payable	209,147	197,326
Accrued Liabilities	409,198	477,551
NET CASH FROM OPERATING ACTIVITIES	(453,565)	(527,233)
CASH FLOWS FROM INVESTING ACTIVITIES
Capital Expenditures	(541)	(433)
Website costs		(32,737)
CASH FROM INVESTING ACTIVITIES	(541)	(33,170)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sales of common stock	11,453	352,500
Related party note payable and advances	439,000	210,050
CASH FROM FINANCING ACTIVITIES	450,453	562,550
NET CHANGE IN CASH AND CASH EQUIVALENTS	(3,653)	2,147
Cash and cash equivalents, beginning of year	10,025	7,878
Cash and cash equivalents, end of year	6,372	10,025
Cash paid for:
Income tax
Interest		1,867
Noncash investing and financing activities:
Stock and warrants issued for capitalized website costs		8,497
Conversion of notes payable and accrued interest to stock		$ 878,228

NOTE 1 - SUMMARY OF SIGNIFICANT

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Business and Basis of Presentation EnerTeck Corporation, formerly Gold Bond Resources, Inc. was incorporated under the laws of the State of Washington on July 30, 1935. On January 9, 2003, the Company acquired EnerTeck Chemical Corp. ("EnerTeck Sub") as its wholly owned operating subsidiary. As a result of the acquisition, the Company is a holding company, with EnerTeck Sub as its only operating business. Subsequent to this transaction, on November 24, 2003, the Company changed its domicile from the State of Washington to the State of Delaware, changed its name from Gold Bond Resources, Inc. to EnerTeck Corporation. EnerTeck Sub, the Company's wholly owned operating subsidiary, is a Houston-based corporation. It was incorporated in the State of Texas on November 29, 2000 and was formed for the purpose of commercializing a diesel fuel specific combustion catalyst known as EnerBurn (TM), as well as other combustion enhancement and emission reduction technologies for diesel fuel. EnerTeck's primary product is EnerBurn, and is registered for highway use in all USA diesel applications. The products are used primarily in on-road vehicles, locomotives and diesel marine engines throughout the United States and select foreign markets. During 2012, EnerTeck acquired a 40% membership interest in EnerTeck Environmental, LLC (Environmental). Environmental was formed for the purpose of marketing and selling diesel fuel emission reduction technology with the creators of such specific technology. Principles of Consolidation The consolidated financial statements include the accounts of EnerTeck Corporation and its wholly-owned subsidiary, EnerTeck Chemical Corp. All significant inter-company accounts and transactions are eliminated in consolidation. Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with an original maturity of three (3) months or less to be cash and cash equivalents. Inventory Inventory primarily consists of market ready EnerBurn plus raw materials required to manufacture the products. Inventory has been valued at the lower of cost or market, using the average cost method. Finished product amounted to approximately $17,000 and $47,000 at December 31, 2016 and 2015, respectively: the remaining inventory comprises raw materials. Accounts Receivable Accounts receivable represent uncollateralized obligations due from customers of the Company and are recorded at net realizable value. This value includes an appropriate allowance for estimated uncollectible accounts to reflect any loss anticipated on the accounts receivable balances and charged to the provision for doubtful accounts. The Company calculates this allowance based on historical write-offs, level of past due accounts and relationships with and economic status of the customers. Accounts are written off as bad debts when all collection efforts have failed and the account is deemed uncollectible. Management has provided allowances for doubtful accounts of $51,000 and $32,000 as of December 31, 2016 and 2015, respectively. Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is provided for on the straight-line or accelerated method over the estimated useful lives of the assets. The average lives range from five (5) to seven (7) years. Maintenance and repairs that neither materially add to the value of the property nor appreciably prolong its life are charged to expense as incurred. Betterments or renewals are capitalized when incurred. Depreciation expense totaled $900 and $5,007 for the years ended December 31, 2016 and 2015, respectively. Intangible Assets The Company follows the provisions of FASB ASC 350, Goodwill and Other Intangible Assets Revenue Recognition The Company recognizes revenues when evidence of a completed transaction and customer acceptance exists, and when title passes, if applicable. Revenues from sales of product and equipment are recognized at the point when a customer order has been shipped and invoiced. Income Taxes Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax basis of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. Accrued interest and penalties associated with uncertain tax positions are recognized as part of the income tax provision. The Company has no uncertain tax provisions. Income (Loss) Per Common Share Basic income (loss) per common share is computed by dividing the net income (loss) applicable to common stockholders by the weighted average number of common shares outstanding. Diluted net income (loss) per common share is computed by dividing the net income (loss) applicable to common stockholders, adjusted on an "as if converted" basis, by the weighted average number of common shares outstanding plus potential dilutive securities. The calculation of diluted weighted-average shares outstanding for the years ended December 31, 2016 and 2015 excludes 1,200,879 and 5,153,001 shares issuable upon the exercise of outstanding stock options and warrants because their effect would be anti-dilutive, respectively. Management Estimates and Assumptions The accompanying financial statements are prepared in conformity with accounting principles generally accepted in the United States of America which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Financial Instruments The Company’s financial instruments recorded on the balance sheet include cash and cash equivalents, accounts receivable, accounts payable and notes payable. The carrying amounts approximate fair value because of the short-term nature of these items. Stock Options and Warrants Compensation cost for equity awards is based on the fair value of the equity instrument on the date of grant and is recognized over the period during which an employee is required to provide service in exchange for the award. Compensation cost for liability awards is based on the fair value of the vested award at the end of each period. The Company also issues equity awards to nonemployees. The fair value of these option awards is estimated when the award recipient completes the contracted professional services. The Company recognizes expense for the estimated total value of the awards during the period from their issuance until performance completion, at which time the estimated expense is adjusted to the final value of the award as measured at performance completion. The Company values warrant and option awards using the Black-Scholes option pricing model. Taxes Collected The Company collects sales taxes assessed by governmental authorities imposed on certain sales to customers. Sales taxes collected are included in revenues; net amounts paid are reported as expenses in the consolidated statement of operations. Website Costs Website costs are being amortized over their expected useful life of five years. Amortization for 2015 was $3,930 and $6,547 for 2016. Future amortization is expected to be as follows: $6,547 for 2017, 2018 and 2019, with final amortization of $2,618 in 2020. Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606) In August 2014, the FASB issued ASU 2014-15, “ Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In July 2015, the FASB issued ASU 2015-11, “ Inventory: Simplifying the Measurement of Inventory” In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842) In March 2016, the FASB issued ASU 2016-08, “ Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) On March 30, 2016, the FASB issued ASU 2016-09, “ Compensation - Stock Compensation Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying consolidated financial statements.

NOTE 2 - PROPERTY AND EQUIPMENT

NOTE 2 - PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 2 - PROPERTY AND EQUIPMENT	At December 31, 2016 and 2015 property and equipment consisted of the following: Useful Lives 2016 2015 Furniture and fixtures 5-7 $ 64,557 $ 64,016 Equipment 5-7 301,734 301,734 Less: Accumulated depreciation (364,293 ) (363,393 ) Net property and equipment $ 1,998 $ 2,357

NOTE 3 - INCOME TAXES

NOTE 3 - INCOME TAXES	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 3 - INCOME TAXES	EnerTeck has incurred net losses since the merger with Gold Bond and, therefore, has no tax liability. The net deferred tax asset generated by the loss carry-forward has been fully reserved. The cumulative operating loss carry-forward is approximately $23,000,000 at December 31, 2016, and expires beginning in 2023. Deferred income taxes consisted of the following at December 31, 2016 and 2015: 2016 2015 Deferred tax assets: Net operating loss carry forwards $ 7,932,000 $ 7,118,000 Other asset differences - 85,000 Deferred compensation costs and other 1,696,000 1,535,000 Valuation allowance (9,628,000 ) (8,738,000 ) $ - $ - The change in the valuation allowance for the years ended December 31, 2016 and 2015, was $890,000 and $595,000, respectively.

NOTE 4 - STOCKHOLDERS' EQUITY

NOTE 4 - STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 4 - STOCKHOLDERS' EQUITY	Common Stock During the first and second quarters of 2015, the Company sold to one accredited investor in a private placement offering 300,000 shares of common stock at $0.20 per share or $60,000 in the aggregate. During the first quarter of 2015, the Company sold to a shareholder/director 1,150,000 shares of common stock at $0.20 per share or $230,000 in the aggregate which funds were provided to the Company in the first quarter of 2015. In addition, this shareholder/director and his affiliated investment company converted advances in the aggregate amount of $795,000 and forgave an additional $83,228 in accrued interest in exchange for 3,173,811 shares of common stock and warrants to acquire an additional 533,334 shares of common stock at $0.50 per share. Such conversion was effected pursuant to a Consolidated Conversion and Subscription Agreement (the “Conversion Agreement”) entered into as of June 30, 2015 under which (i) $320,000 in advances from 2012 were converted into 533,334 Units of the Company at a conversion price of $0.60 per Unit with each Unit consisting of (a) two shares of common stock, and (b) a warrant to purchase one share of common stock, at an exercise price of $0.50 per share, (ii) $125,000 in advances from 2013 were converted into 357,143 shares of common stock at a conversion price of $0.35 per share; and (iii) $350,000 in advances from 2013 and 2014 were converted into 1,750,000 shares of common stock at a conversion price of $0.20 per share. During the first quarter of 2013, the Company granted 400,000 warrants to an unrelated third party for services rendered with an exercise price of $0.25 per share. Such warrants had a term of seven years. Pursuant to a Settlement Agreement and Release effective as of February 26, 2015, such warrants were cancelled and in place thereof the Company paid $62,500 and issued 100,000 shares of common stock, valued at $20,000, to such third party. This incremental cost for cancellation of the warrants resulted in a $82,500 charge to operations during the three months ended March 31, 2015. In connection therewith, the Company sold a shareholder/director 250,000 shares of common stock at $0.25 per share or $62,500 in the aggregate which funds were used to pay the amount payable under the aforesaid Settlement Agreement and Release. During the fourth quarter of 2015, the Company purchased certain domain names from an unrelated third party for consideration consisting of 10,000 shares of common stock and warrants to acquire an additional 13,000 shares of common stock exercisable at $0.50 per share. The warrants have a term of five years.

NOTE 5 - STOCK WARRANTS AND OPT

NOTE 5 - STOCK WARRANTS AND OPTIONS	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 5 - STOCK WARRANTS AND OPTIONS	Stock Warrants During the second quarter of 2015, the Company issued 533,334 warrants to a shareholder/director in connection with the conversion of certain advances effected as of June 30, 2015 (see Note 5). The warrants are exercisable into 533,334 shares of common stock at an exercise price of $0.50 per share. During the fourth quarter of 2015, the Company issued 13,000 warrants to an unrelated third party in connection with the purchase of domain names. The warrants are exercisable into 13,000 shares of common stock at an exercise price of $0.50 per share. The fair value of warrants issued in 2015 at the date of grant was $4,797, as estimated using the Black-Scholes Model. During the third quarter of 2016, the Board of Directors extended the term of 3,590,000 warrants with a strike price of $0.60 per share and an additional 100,000 warrants with the strike price of $0.75 per share for an additional five years. In addition, the Board agreed to extend to lives of 225,001 employee options with a strike price of $0.60 per share for the same period. Of the $2,366,000 loss recorded for 2016, $1,236,000 related directly to the valuation of the extension of expiring warrants and options and the addition of warrants and/or options for the company employees and Board of Directors members during 2016. Other than the foregoing, there were 750,000 warrants granted to the Board of Directors during 2016. No warrants were exercised for the years ended December 31, 2016 and 2015. Due to the extension of all warrants previously set to expire during 2016, which was approved by the Board of Directors in September, 2016, no warrants expired for the years ended December 31, 2016 and 2015, respectively. All warrants so effected were extended five additional years from their original expiration date at their original strike prices and terms. The fair value of warrants issued in 2016 was $1,130,645, as estimated using the Black-Scholes Model. The following assumptions were used in these calculations for 2016 and 2015: 2016 2015 Expected dividend yield 0.0% 0.0% Expected term 5 yrs 5 yrs Expected volatility 202% 272% Risk-free interest rate 1.2% 1.7% Fair value per warrant $.26 $.37 Warrants outstanding and exercisable as of December 31, 2016 were: Exercise Price Number of Warrants Weighted Average Remaining Life Exercisable Number of Warrant $0.60 3,590,000 4.5 3,590,000 $0.75 100,000 4.7 100,000 $0.50 713,001 2.7 713,001 $0.30 750,000 4.9 750,000 5,153,001 5,153,001 Stock Options In September 2003, shareholders of the Company approved an employee stock option plan (the “2003 Option Plan”) authorizing the issuance of options to purchase up to 1,000,000 shares of common stock. The 2003 Option Plan is intended to give the Company greater ability to attract, retain, and motivate officers, key employees, directors and consultants; and is intended to provide the Company with the ability to provide incentives more directly linked to the success of the Company’s business and increases in shareholder value. During the third quarter of 2013, the board of directors increased the number of shares reserved for issuance under the 2003 Option Plan from 1,000,000 to 1,250,000. No employee options were issued during 2015. During the third quarter of 2016 the Board of Directors extended 225,001 employee options with a strike price of $0.60 per share, which were otherwise due to expire during 2016. In addition, the Board issued an additional 227,510 employee for calendar years 2015 and 2016 at and strike price of $0.30 per share. An additional 150,000 options with a $0.30 strike price were granted as part of a grievance settlement agreement with an employee. The fair value of the $13,460 to be vested through December 31, 2017 with $7,852 vesting during 2016. The fair value of options extended during 2016 was $1,020,580 at the date of grant and was recognized along with $46,412 fair value for the newly issued employee options as non-cash compensation for the year ended December 31, 2016, as estimated using the Black-Scholes Model with the following weighted average assumptions: 2016 Expected dividend yield 0.0% Expected term 5.0 Expected volatility 201% Risk-free interest rate 1.07% Fair value per option $.17 The expected term of the options represents the estimated period of time until exercise and is based on the Company’s historical experience of similar options, giving consideration to the contractual terms, vesting schedules and expectations of future employee behavior. The expected stock price volatility is based on the historical volatility of our stock. The risk-free interest rate is based on the U.S. Treasury bill rate in effect at the time of grant with an equivalent expected term or life. The Company has not paid dividends in the past and does not currently plan to pay any dividends in the future. Information regarding activity for stock options under our plan is as follows: 2016 2015 Number of shares Weighted Average Exercise Price Number of shares Weighted average exercise price Outstanding at beginning of year 823,369 $ .41 823,369 $ .41 Options granted 377,510 .30 - - Options exercised - - - - Options forfeited/expired - - - - Outstanding at end of year 1,200,879 $ .38 823,369 $ .41 Options exercisable at end of year 1,088,379 823,369 Non-vested options at end of year 112,500 - Weighted-average Remaining contractual term – all options 44.3 mo. 3.2 yrs 26.4 mo. 2.5 yrs Weighted-average Remaining contractual term – vested options 3.1 yrs 2.5 yrs Fair value of options vested during the year $ 7,532 $ - Aggregate intrinsic value $ - $ -

NOTE 6 - RELATED PARTY NOTES AN

NOTE 6 - RELATED PARTY NOTES AND ADVANCES	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 6 - RELATED PARTY NOTES AND ADVANCES	On July 7, 2009, the Company entered into a $100,000 unsecured promissory note with an officer, due on demand. Interest is payable at 12% per annum. Also, on December 11, 2009, the Company entered into a $50,000 note with a shareholder/director. Interest is 5% per annum. The principal balance of the note was due on the earlier of December 11, 2012, or upon completion by the Company of equity financing in excess of $1.0 million in gross proceeds. Interest on the loan is payable on the maturity date at the rate of 5% per annum. This note is now overdue for payment. On June 1, 2010, the Company entered into a $50,000 convertible promissory note with a shareholder/director which was due on June 1, 2013 and accrues interest at 8.0% per annum payable at maturity and which may be converted at any time into shares of common stock. The assignment of the conversion feature of the note resulted in a loan discount being recorded. The discount amount of $36,207 was fully amortized over the original thirty-six month term of the debt as additional interest expense. This note is now overdue for payment. On June 1, 2010, the Company entered into $300,000 of convertible promissory notes with a shareholder/director which was due on June 1, 2013 and accrues interest at 8.0% per annum payable at maturity and which may be converted at any time into shares of common stock the number of which is to be determined at that time. This note is now overdue for payment. On July 20, 2010, the Company entered into $400,000 convertible promissory notes with a shareholder/director which was due on July 20, 2013 and accrues interest at 8.0% per annum payable at maturity and which may be converted at any time into shares of common stock. This note is now overdue for payment. On July 20, 2010, the Company entered into a $100,000 convertible promissory note with a shareholder which was due on July 20, 2013 and accrues interest at 8.0% per annum payable at maturity and which may be converted at any time into shares of common stock. This note is now overdue for payment. On December 10, 2010, the Company entered into $150,000 of convertible promissory notes with a shareholder/director which was due on December 10, 2013 and accrues interest at 8.0% per annum payable at maturity and which may be converted at any time into shares of common stock. This note is now overdue for payment. On October 20, 2011, the Company entered into a $70,000 convertible promissory note with a shareholder/director which was due on October 20, 2014 and accrues interest at 8.0% per annum payable at maturity and which may be converted at any time into shares of common stock. This note is now overdue for payment. During 2010, 2011 and 2012, such shareholder/director advanced the Company $100,000, $150,000 and $370,000 respectively. Such advances are due on demand and bear interest at 8%, 8% and 8% per annum respectively. During the second quarter of 2015, $320,000 of the advances during 2012 were converted into 3,173,811 shares of common stock of the Company. During 2013, such shareholder/director advanced the Company $175,000 expected to be applied to stock subscriptions to be issued at a future date. Such advances do not bear interest. During the second quarter of 2015, all of these advances totaling $175,000 were converted into shares of common stock of the Company. During 2014, such shareholder/director advanced the Company $300,000 expected to be applied to stock subscriptions to be issued at a future date. Such advances do not bear interest. During the second quarter of 2015, all of these advances totaling $300,000 were converted into shares of common stock of the Company. During 2015, such shareholder/director contributed $200,000 to the Company expected to be applied to stock subscriptions to be issued at a future date. Such advances do not bear interest. This amount has been recorded as additional notes payable. During 2016, such shareholder/director contributed $430,000 and a second shareholder/director contributed an additional $9,000, respectively, to the Company expected to be applied to stock subscriptions to be issued at a future date. Such advances do not bear interest. These amounts have been recorded as additional notes payable. It is anticipated that most if not all of the outstanding convertible notes (which by their terms are convertible into shares of common stock at variable conversion ratios set forth therein) and open advances will be converted into shares of common stock in the Company on new terms to be negotiated with such related parties and issued during 2017. As of December 31, 2016 and 2015, the Company owed approximately $3.5 million and $3.1 million, respectively, to its chief executive officer and other employees of the Company. The CEO and employees agreed to salary deferrals pending available resources to make such payments. One of the Company’s shareholders owns 100% of BATL Trading, Inc., which is a distributor of EnerBurn. There was no activity with BATL Trading, Inc. during 2016 and 2015. One of the Company’s shareholders owns 100% of Petro-Chem Industries, Inc., which is a distributor of EnerBurn. During 2016 and 2015 Petro-Chem Industries, Inc. distributed approximately $83,000 and $102,000 in EnerBurn One of the Company’s employees owns 15% of EnerTeck Environmental, LLC, which is the owners of the Company’s PEx unit and partners with the Company for the sale and use of the PEx unit for marine purposes only. There was no activity with EnerTeck Environmental, LLC during 2016 and 2015. Several of the Company’s shareholders and employees are distributors of EnerBurn. During 2016 and 2015 these individuals distributed approximately $16,000 and $17,000 in EnerBurn.

NOTE 7 - COMMITMENTS AND CONTIN

NOTE 7 - COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 7 - COMMITMENTS AND CONTINGENCIES	Office Lease EnerTeck leases office space under a non-cancelable operating lease. Future minimum rentals due under non-cancelable operating leases with an original maturity of at least one-year are approximately as follow: 2017 $ 54,000 2018 $ 54,000 2019 $ 36,000 Total $ 144,000 This lease provides for a rent-free period as well as increasing rental payments. In accordance with generally accepted accounting principles, rent expense for financial statement purposes is being recognized on a straight-line basis over the lease term. A deferred lease liability arises from the timing difference in the recognition of rent expense and the actual payment of rent. Rent expense for the years ended December 31, 2016 and December 31, 2015 totaled $51,054 and $49,615, respectively. Ability to Continue as a Going Concern The accompanying 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. During the years ended December 31, 2016 and 2015, the Company incurred recurring net losses of $2,366,000 and $1,255,000, respectively. Further, most of the Company’s notes payable are overdue and payment may be demanded at any time. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. The Company’s continuation as a going concern is contingent upon its ability to obtain additional financing and to generate revenues and cash flow to meet its obligations on a timely basis. The Company has been able to obtain cash in the past through private placements and issuing promissory notes and believes that these avenues will remain available to the Company. Management believes that these financings are probable of occurring and mitigating the substantial doubt raised by our historical operating results and satisfying the Company’s estimated liquidity needs 12 months from the issuance of the financial statements. No assurance can be made that these efforts will be successful.

NOTE 8 - CONCENTRATION OF CREDI

NOTE 8 - CONCENTRATION OF CREDIT RISK	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 8 - CONCENTRATION OF CREDIT RISK	Financial instruments that potentially subject EnerTeck to concentration of credit risk are accounts receivable. The Company performs ongoing credit evaluations as to the financial condition of its customers. Generally, no collateral is required. EnerTeck at times has cash in bank in excess of Federal Deposit Insurance Corporation (“FDIC”) insurance limits. For the year ended December 31, 2016 and 2015, 73% and 48% of total sales were with two customers. Those two customers represented 90% and 34% of total accounts receivable at December 31, 2016 and 2015.

NOTE 1 - SUMMARY OF SIGNIFICA15

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
Note 1 - Summary Of Significant Accounting Policies Policies
Business and Basis of Presentation	EnerTeck Corporation, formerly Gold Bond Resources, Inc. was incorporated under the laws of the State of Washington on July 30, 1935. On January 9, 2003, the Company acquired EnerTeck Chemical Corp. ("EnerTeck Sub") as its wholly owned operating subsidiary. As a result of the acquisition, the Company is a holding company, with EnerTeck Sub as its only operating business. Subsequent to this transaction, on November 24, 2003, the Company changed its domicile from the State of Washington to the State of Delaware, changed its name from Gold Bond Resources, Inc. to EnerTeck Corporation. EnerTeck Sub, the Company's wholly owned operating subsidiary, is a Houston-based corporation. It was incorporated in the State of Texas on November 29, 2000 and was formed for the purpose of commercializing a diesel fuel specific combustion catalyst known as EnerBurn (TM), as well as other combustion enhancement and emission reduction technologies for diesel fuel. EnerTeck's primary product is EnerBurn, and is registered for highway use in all USA diesel applications. The products are used primarily in on-road vehicles, locomotives and diesel marine engines throughout the United States and select foreign markets. During 2012, EnerTeck acquired a 40% membership interest in EnerTeck Environmental, LLC (Environmental). Environmental was formed for the purpose of marketing and selling diesel fuel emission reduction technology with the creators of such specific technology.
Principles of Consolidation	The consolidated financial statements include the accounts of EnerTeck Corporation and its wholly-owned subsidiary, EnerTeck Chemical Corp. All significant inter-company accounts and transactions are eliminated in consolidation.
Cash and Cash Equivalents	The Company considers all highly liquid instruments purchased with an original maturity of three (3) months or less to be cash and cash equivalents.
Inventory	Inventory primarily consists of market ready EnerBurn plus raw materials required to manufacture the products. Inventory has been valued at the lower of cost or market, using the average cost method. Finished product amounted to approximately $17,000 and $47,000 at December 31, 2016 and 2015, respectively: the remaining inventory comprises raw materials.
Accounts Receivable	Accounts receivable represent uncollateralized obligations due from customers of the Company and are recorded at net realizable value. This value includes an appropriate allowance for estimated uncollectible accounts to reflect any loss anticipated on the accounts receivable balances and charged to the provision for doubtful accounts. The Company calculates this allowance based on historical write-offs, level of past due accounts and relationships with and economic status of the customers. Accounts are written off as bad debts when all collection efforts have failed and the account is deemed uncollectible. Management has provided allowances for doubtful accounts of $51,000 and $32,000 as of December 31, 2016 and 2015, respectively.
Property and Equipment	Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is provided for on the straight-line or accelerated method over the estimated useful lives of the assets. The average lives range from five (5) to seven (7) years. Maintenance and repairs that neither materially add to the value of the property nor appreciably prolong its life are charged to expense as incurred. Betterments or renewals are capitalized when incurred. Depreciation expense totaled $900 and $5,007 for the years ended December 31, 2016 and 2015, respectively.
Intangible Assets	The Company follows the provisions of FASB ASC 350, Goodwill and Other Intangible Assets
Revenue Recognition	The Company recognizes revenues when evidence of a completed transaction and customer acceptance exists, and when title passes, if applicable. Revenues from sales of product and equipment are recognized at the point when a customer order has been shipped and invoiced.
Income Taxes	Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax basis of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. Accrued interest and penalties associated with uncertain tax positions are recognized as part of the income tax provision. The Company has no uncertain tax provisions.
Income (Loss) Per Common Share	Basic income (loss) per common share is computed by dividing the net income (loss) applicable to common stockholders by the weighted average number of common shares outstanding. Diluted net income (loss) per common share is computed by dividing the net income (loss) applicable to common stockholders, adjusted on an "as if converted" basis, by the weighted average number of common shares outstanding plus potential dilutive securities. The calculation of diluted weighted-average shares outstanding for the years ended December 31, 2016 and 2015 excludes 1,200,879 and 5,153,001 shares issuable upon the exercise of outstanding stock options and warrants because their effect would be anti-dilutive, respectively.
Management Estimates and Assumptions	The accompanying financial statements are prepared in conformity with accounting principles generally accepted in the United States of America which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Financial Instruments	The Company’s financial instruments recorded on the balance sheet include cash and cash equivalents, accounts receivable, accounts payable and notes payable. The carrying amounts approximate fair value because of the short-term nature of these items.
Stock Options and Warrants	Compensation cost for equity awards is based on the fair value of the equity instrument on the date of grant and is recognized over the period during which an employee is required to provide service in exchange for the award. Compensation cost for liability awards is based on the fair value of the vested award at the end of each period. The Company also issues equity awards to nonemployees. The fair value of these option awards is estimated when the award recipient completes the contracted professional services. The Company recognizes expense for the estimated total value of the awards during the period from their issuance until performance completion, at which time the estimated expense is adjusted to the final value of the award as measured at performance completion. The Company values warrant and option awards using the Black-Scholes option pricing model.
Taxes Collected	The Company collects sales taxes assessed by governmental authorities imposed on certain sales to customers. Sales taxes collected are included in revenues; net amounts paid are reported as expenses in the consolidated statement of operations.
Website Costs	Website costs are being amortized over their expected useful life of five years. Amortization for 2015 was $3,930 and $6,547 for 2016. Future amortization is expected to be as follows: $6,547 for 2017, 2018 and 2019, with final amortization of $2,618 in 2020.
Recently Issued Accounting Pronouncements	In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606) In August 2014, the FASB issued ASU 2014-15, “ Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In July 2015, the FASB issued ASU 2015-11, “ Inventory: Simplifying the Measurement of Inventory” In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842) In March 2016, the FASB issued ASU 2016-08, “ Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) On March 30, 2016, the FASB issued ASU 2016-09, “ Compensation - Stock Compensation Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying consolidated financial statements.

NOTE 2 - PROPERTY AND EQUIPME16

NOTE 2 - PROPERTY AND EQUIPMENT (Table)	12 Months Ended
	Dec. 31, 2016
Note 2 - Property And Equipment Table
Property And Equipment	Useful Lives 2016 2015 Furniture and fixtures 5-7 $ 64,557 $ 64,016 Equipment 5-7 301,734 301,734 Less: Accumulated depreciation (364,293 ) (363,393 ) Net property and equipment $ 1,998 $ 2,357

NOTE 3 - INCOME TAXES (Table)

NOTE 3 - INCOME TAXES (Table)	12 Months Ended
	Dec. 31, 2016
Note 3 - Income Taxes Table
Deferred income taxes	2016 2015 Deferred tax assets: Net operating loss carry forwards $ 7,932,000 $ 7,118,000 Other asset differences - 85,000 Deferred compensation costs and other 1,696,000 1,535,000 Valuation allowance (9,628,000 ) (8,738,000 ) $ - $ -

NOTE 5 - STOCK WARRANTS AND O18

NOTE 5 - STOCK WARRANTS AND OPTIONS (Tables)	12 Months Ended
	Dec. 31, 2016
Fair value of option	2016 2015 Expected dividend yield 0.0% 0.0% Expected term 5 yrs 5 yrs Expected volatility 202% 272% Risk-free interest rate 1.2% 1.7% Fair value per warrant $.26 $.37
Warrants outstanding and exercisable	Weighted Exercisable Number of Average Number of Exercise Price Warrants Remaining Life Warrant $0.60 3,590,000 4.5 3,590,000 $0.75 100,000 4.7 100,000 $0.50 713,001 2.7 713,001 $0.30 750,000 4.9 750,000 5,153,001 5,153,001
Activity for stock options	2016 2015 Weighted Weighted Average average Number of Exercise Number of exercise shares Price shares price Outstanding at beginning of year 823,369 $ .41 823,369 $ .41 Options granted 377,510 .30 - - Options exercised - - - - Options forfeited/expired - - - - Outstanding at end of year 1,200,879 $ .38 823,369 $ .41 Options exercisable at end of year 1,088,379 823,369 Non-vested options at end of year 112,500 - Weighted-average Remaining contractual term – all options 44.3 mo. 3.2 yrs 26.4 mo. 2.5 yrs Weighted-average Remaining contractual term – vested options 3.1 yrs 2.5 yrs Fair value of options vested during the year $ 7,532 $ - Aggregate intrinsic value $ - $ -
Stock Warrants [Member]
Fair value of option	2016 Expected dividend yield 0.0% Expected term 5.0 Expected volatility 201% Risk-free interest rate 1.07% Fair value per option $.17

NOTE 7 - COMMITMENTS AND CONT19

NOTE 7 - COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2016
Note 7 - Commitments And Contingencies Tables
Future minimum rentals due	EnerTeck leases office space under a non-cancelable operating lease. Future minimum rentals due under non-cancelable operating leases with an original maturity of at least one-year are approximately as follow: 2017 $ 54,000 2018 $ 54,000 2019 $ 36,000 Total $ 144,000

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2012
State of incorporation	Washington
Date of incorporation	Jul. 30, 1935
Inventory, Finished Goods	$ 17,000	$ 47,000
Allowances for doubtful accounts	51,000	32,000
Depreciation expense	$ 900	$ 5,007
Diluted weighted-average shares outstanding	1,200,879	5,153,001
Amortization of website costs	$ 6,547	$ 3,930
Amortization for 2017	6,547
Amortization for 2018	6,547
Amortization for 2019	6,547
Amortization for 2020	$ 2,618
Website Costs [Member]
Estimated useful lives of the assets	5 Years
Minimum [Member]
Estimated useful lives of the assets	5 Years
Maximum [Member]
Estimated useful lives of the assets	7 Years
EnerTeck Environmental, LLC [Member]
Membership interest			40.00%

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Less: Accumulated Depreciation	$ (364,293)	$ (363,393)
Net Property and Equipment	1,998	2,357
Furniture And Fixtures [Member]
Gross Property and Equipment	$ 64,557	$ 64,016
Furniture And Fixtures [Member] | Minimum [Member]
Estimated useful lives	5 years	5 years
Furniture And Fixtures [Member] | Maximum [Member]
Estimated useful lives	7 years	7 years
Equipment [Member]
Gross Property and Equipment	$ 301,734	$ 301,734
Equipment [Member] | Minimum [Member]
Estimated useful lives	5 years	5 years
Equipment [Member] | Maximum [Member]
Estimated useful lives	7 years	7 years

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
Net operating loss carryforwards	$ 7,932,000	$ 7,118,000
Other asset differences		85,000
Deferred compensation costs and other	1,696,000	1,535,000
Valuation allowance	(9,628,000)	(8,738,000)
Net Deferred tax assets	$ 0	$ 0

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Taxes Details Narrative
Operating loss carry-forward	$ 22,664,000
Expiry year	2,023
Change in the valuation allowance	$ 890,000	$ 595,000

STOCKHOLDERS' EQUITY (Details N

STOCKHOLDERS' EQUITY (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended			6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2015	Mar. 31, 2015	Mar. 31, 2013	Jun. 30, 2015	Dec. 31, 2016	Feb. 26, 2015
Common stock, Issued		30,581,866				30,653,543
Common stock, par value		$ 0.001				$ .001
Warrants granted for services						$ 750,000
Transaction Two [Member]
Converted advance amount	$ 350,000				$ 350,000
Exchange shares	1,750,000
Exchange shares price per share	$ 0.20				$ 0.20
Transaction One [Member]
Converted advance amount	$ 125,000				$ 125,000
Exchange shares	357,143
Exchange shares price per share	$ 0.35				$ 0.35
Transaction [Member]
Converted advance amount	$ 320,000				$ 320,000
Exchange shares	533,334
Exchange shares price per share	$ 0.60				$ 0.60
Third Party [Member]
Common stock, Issued							100,000
Warrants to acquire common shares		13,000
Exchange shares price per share		$ 0.50
Warrants granted for services				$ 400,000
Warrant exercise price				$ 0.25
Warrants term		5 years		7 years
Payment to third party for cancelled warrant							$ 62,500
Common stock value							$ 20,000
Incremental cost for cancellation of the warrants			$ 82,500
Consideration for domain names		10,000
Common stock exercisable price		$ 0.50
Director [Member]
Common stock, Issued			1,150,000
Common stock, par value			$ 0.20	$ 0.25
Proceeds from Issuance of Private Placement			$ 230,000
Converted advance amount			795,000
Accrued interest			$ 83,228
Exchange shares			3,173,811
Warrants to acquire common shares			533,334
Exchange shares price per share			$ 0.50
Common stock value				$ 62,500
Sale of common stock				250,000
Investor [Member]
Common stock, Issued	300,000				300,000
Common stock, par value	$ 0.20				$ 0.20
Proceeds from Issuance of Private Placement					$ 60,000

STOCK WARRANTS AND OPTIONS (Det

STOCK WARRANTS AND OPTIONS (Details) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Stock Warrants [Member]
Expected dividend yield		0.00%
Expected term		5 years
Expected volatility		272.00%
Risk-free interest rate		1.70%
Fair value per warrant		$ .37
Stock Warrants [Member]
Expected dividend yield	0.00%
Expected term	5 years
Expected volatility	202.00%
Risk-free interest rate	1.20%
Fair value per warrant	$ .26

STOCK WARRANTS AND OPTIONS (D26

STOCK WARRANTS AND OPTIONS (Details 1)	12 Months Ended
	Dec. 31, 2016shares
Number of Warrants	5,153,001
Exercisable Number of Warrants	5,153,001
Exercise Price $0.60 [Member]
Number of Warrants	3,590,000
Weighted Average Remaining Life	4 years 6 months
Exercisable Number of Warrants	3,590,000
Exercise Price $0.75 One [Member]
Number of Warrants	100,000
Weighted Average Remaining Life	4 years 8 months 12 days
Exercisable Number of Warrants	100,000
Exercise Price $0.50 One [Member]
Number of Warrants	713,001
Weighted Average Remaining Life	2 years 8 months 12 days
Exercisable Number of Warrants	713,001
Exercise Price $0.30 One [Member]
Number of Warrants	750,000
Weighted Average Remaining Life	4 years 10 months 24 days
Exercisable Number of Warrants	750,000

STOCK WARRANTS AND OPTIONS (D27

STOCK WARRANTS AND OPTIONS (Details 2) - Stock Options [Member]	12 Months Ended
	Dec. 31, 2016$ / shares
Expected dividend yield	$ 0
Expected term	5 years
Expected volatility	201.00%
Risk-free interest rate	1.07%
Fair value per option	$ .17

STOCK WARRANTS AND OPTIONS (D28

STOCK WARRANTS AND OPTIONS (Details 3) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Number of shares
Outstanding at beginning of period	823,269	823,269
Options granted	377,510	0
Options exercised	0	0
Options forfeited/expired
Outstanding at end of period	1,200,879	823,269
Weighted average exercise price
Outstanding at beginning of year	$ 0.41	$ 0.41
Options granted	.30	0
Options exercised	0	0
Options forfeited/expired	0	0
Outstanding at end of period	$ .38	$ 0.41
Options exercisable at end of period	1,088,379	823,269
Non-vested options at end of period	112,500	0
Weighted-average Remaining contractual term all options	3 years 2 months 12 days	2 years 6 months
Weighted-average Remaining contractual term vested options	3 years 1 month 6 days	2 years 6 months
Fair value of options vested during the period	$ 7,532	$ 0
Aggregate intrinsic value	$ 0	$ 0

STOCK WARRANTS AND OPTIONS (D29

STOCK WARRANTS AND OPTIONS (Details Narrative) - USD ($)	3 Months Ended				12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2013	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2013	Sep. 01, 2003
Fair value of warrants					$ 1,130,645
Net loss					(2,366,424)	$ (1,255,117)
Valuation of the extension of expiring warrants					(1,236,000)
Number of Warrants granted					750,000
Fair value of extended warrants					1,020,580
Fair value for the newly issued employee options					46,412
Third Party [Member]
Warrants issued		$ 13,000
Warrants to acquire common shares		13,000
Exchange shares price per share		$ 0.50				$ 0.50
Fair value of warrants		$ 4,797
Number of Warrants granted				$ 400,000
Stock Options [Member]
Extended warrants	225,001
Extended warrants strike price	$ 0.60
Extended warrants term	5 years
Issuance of options to purchase common shares								1,000,000
Change in reserved shares							1,250,000
Stock Options [Member] | Grievance Settlement Agreement [Member]
Fair value of warrants					$ 13,460
Extended warrants strike price					$ 0.30
Number of Warrants granted					$ 150,000
Vesting option amount					$ 7,852
Stock Options Two [Member]
Extended warrants		227,510				227,510
Extended warrants strike price		$ 0.30				$ 0.30
Stock Options One [Member]
Extended warrants		225,001				225,001
Extended warrants strike price		$ 0.60				$ 0.60
Director One [Member]
Extended warrants	100,000
Extended warrants strike price	$ 0.75
Extended warrants term	5 years
Director [Member]
Warrants issued			$ 533,334
Warrants to acquire common shares			533,334
Exchange shares price per share			$ 0.50
Extended warrants	3,590,000
Extended warrants strike price	$ 0.60

RELATED PARTY NOTES AND ADVANCE

RELATED PARTY NOTES AND ADVANCES (Details Narrative) - USD ($)	Jun. 01, 2014	Dec. 10, 2010	Dec. 11, 2009	Jul. 07, 2009	Oct. 20, 2010	Jul. 20, 2010	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013	Oct. 20, 2011
Distributed amount									$ 16,000	$ 17,000
Chief Executive Officer [Member]
Due to related party									3,177,123	3,573,985
Second Director [Member]
Due from related party									9,000
Director [Member]
Convertible promissory note	$ 50,000	$ 150,000	$ 50,000			$ 400,000								$ 70,000
Interest rate	8.00%	8.00%	5.00%		8.00%	8.00%	8.00%	8.00%
Note due date	Jun. 1, 2013	Dec. 10, 2013	Dec. 11, 2013		Oct. 20, 2014	Jul. 20, 2013
Equity financing			$ 1,000,000
Discount amount	$ 36,207
Debt discount amortized period	36 months
Due from related party			$ 370,000				$ 150,000	$ 100,000	$ 430,000	200,000	$ 320,000	$ 300,000	$ 175,000
Converted shares											3,173,811
Principal balance term			The principal balance of the note was due on the earlier of December 11, 2012, or upon completion by the Company of equity financing in excess of $1.0 million in gross proceeds.
Director Two [Member]
Debt conversion amount											$ 300,000
Director One [Member]
Convertible promissory note	$ 300,000					$ 100,000
Interest rate	8.00%					8.00%
Note due date	Jun. 1, 2013					Jul. 20, 2013
Debt conversion amount											$ 175,000
Officer [Member]
Convertible promissory note				$ 100,000
Interest rate				12.00%
BATL Trading, Inc [Member]
Holding percentage									100.00%
Petro-Chem Industries, Inc [Member]
Holding percentage									100.00%
Distributed amount									$ 83,000	$ 102,000
EnerTeck Environmental, LLC [Member]
Holding percentage									15.00%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details)	Dec. 31, 2016USD ($)
Commitments And Contingencies Details
2,017	$ 54,000
2,018	54,000
2,019	36,000
Total	$ 144,000

COMMITMENTS AND CONTINGENCIES32

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Commitments And Contingencies Details Narrative
Rent expense	$ 51,054	$ 49,615
Net Income (loss)	$ (2,366,424)	$ (1,255,117)

CONCENTRATION OF CREDIT RISK (D

CONCENTRATION OF CREDIT RISK (Details Narrative)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Number of customer	2
Customer Two [Mmember]
Total sales percentage	73.00%	48.00%
Total accounts receivable percentage	90.00%	34.00%