First National Energy (FNEC) 10-Q 12 Jan 18 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2017shares
Document And Entity Information
Entity Registrant Name	First National Energy Corp.
Entity Central Index Key	1,142,129
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	99,915,228
Trading Symbol	FNEC
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,017

Interim Consolidated Balance Sh

Interim Consolidated Balance Sheets - USD ($)	Sep. 30, 2017	Dec. 31, 2016
CURRENT ASSETS
Cash	$ 1,674	$ 1,059
Total Current Assets	1,674	1,059
LICENSES FOR TECHNOLOGY (Note 4)	200	200
Total Assets	1,874	1,259
CURRENT LIABILITIES
Accounts payable and accrued liabilities	29,097	44,456
Loan payable to director (Note 7)	145,331	125,117
Loan payable to related party (note 6)	540,000	540,000
Total current liabilities	714,428	709,573
Going Concern (Note 2)
Related Party Transactions (Note 7)
Commitment (Note 10)
STOCKHOLDERS' DEFICIENCY
Capital Stock ($.001 par value, 300,000,000 common shares authorized, 99,915,228 issued and outstanding as of June 30, 2017 and 99,865,228 as of December 31, 2016	99,815	99,765
Additional paid-in Capital	123,279	103,329
Deficit Accumulated during the development stage	(935,691)	(911,451)
Accumulated other comprehensive loss	(10)	(10)
Total Stockholders' Deficiency Attributable to the Company's Stockholders	(712,607)	(708,367)
Non-controlling interest	53	53
Total FNEC Stockholders' Deficit	(712,554)	(708,314)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY	$ 1,874	$ 1,259

Interim Consolidated Balance S3

Interim Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	99,915,228	99,865,228
Common stock, shares outstanding	99,915,228	99,865,228

Interim Consolidated Statements

Interim Consolidated Statements of Operations and Other Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
REVENUE
EXPENSES
General and administrative	904		24,240	(16,024)
Total Operating Expenses	904		24,240	(16,024)
INCOME (LOSS) BEFORE INCOME TAXES	(904)		(24,240)	16,024
Income taxes
NET INCOME (LOSS)	(904)		(24,240)	16,024
Net Income (Loss) and comprehensive Income (loss) attributable to the Company's stockholders	(904)		(24,240)	16,024
Net Income (Loss) and comprehensive Income (loss) attributable to non-controlling interests
NET AND COMPREHENSIVE INCOME (LOSS)	$ (904)		$ (24,240)	$ 16,024
Net earnings (loss) per share - basic and diluted	$ 0	$ 0	$ 0	$ 0
Weighted average common shares outstanding	99,900,942	99,865,228	99,900,942	99,865,228

Interim Consolidated Statement5

Interim Consolidated Statements of Changes in Stockholders' Deficiency - USD ($)	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Common Stock [Member]
Balance		$ 99,765	$ 99,765	$ 99,765	$ 99,765
Balance, shares		99,865,228	99,865,228	99,865,228	99,865,228
Sales of 50,000 shares of common stock		$ 50
Sales of 50,000 shares of common stock, shares		50,000
Financing costs
Net Loss
Balance	$ 99,815	$ 99,815		$ 99,765	$ 99,765
Balance, shares	99,915,228	99,915,228		99,865,228	99,865,228
Additional Paid-in Capital [Member]
Balance		$ 103,329	$ 103,329	$ 103,329	$ 103,329
Sales of 50,000 shares of common stock		24,950
Financing costs		(5,000)
Net Loss
Balance	$ 123,279	123,279		103,329	103,329
Accumulated Deficit [Member]
Balance		(911,451)	(899,087)	(899,087)	(876,475)
Sales of 50,000 shares of common stock
Financing costs
Net Loss		(24,240)		(12,364)	(22,612)
Balance	(935,691)	(935,691)		(911,451)	(899,087)
Accumulated Other Comprehensive Loss [Member]
Balance		(10)	(10)	(10)	(10)
Sales of 50,000 shares of common stock
Financing costs
Net Loss
Balance	(10)	(10)		(10)	(10)
Non-controlling Interests [Member]
Balance		53	53	53	58
Sales of 50,000 shares of common stock
Financing costs
Net Loss					(5)
Balance	53	53		53	53
Balance		(708,314)	(695,950)	(695,950)	(673,338)
Sales of 50,000 shares of common stock		25,000
Financing costs		(5,000)
Net Loss	(904)	(24,240)	$ 16,024	(12,364)	(22,612)
Balance	$ (712,554)	$ (712,554)		$ (708,314)	$ (695,950)

Interim Consolidated Statement6

Interim Consolidated Statements of Changes in Stockholders' Deficiency (Parenthetical)	9 Months Ended
	Sep. 30, 2017shares
Statement of Stockholders' Equity [Abstract]
Sales of common stock, shares	50,000

Interim Consolidated Statement7

Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (24,240)	$ 16,024
Adjustments for items not affecting cash
Decrease in accounts payable and accrued liabilities	(15,359)	(26,584)
Net cash used in operating activities	(39,599)	(10,560)
CASH FLOWS FROM FINANCING ACTIVITIES
Loan from Director	20,214	9,683
Issuance of shares	25,000
Less share issuance finance cost	(5,000)
Purchase of Intangible (Note 5)		(1)
Net cash provided by financing activities	40,214	9,682
NET INCREASE (DECREASE) IN CASH	615	(878)
Cash, beginning of period	1,059	1,937
CASH, END OF PERIOD	$ 1,674	$ 1,059

Nature of Operations and Purcha

Nature of Operations and Purchase of Technology	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Purchase of Technology	1. NATURE OF OPERATIONS AND PURCHASE OF TECHNOLOGY a) Nature of operations First National Energy Corporation (the “Company”) was incorporated in the State of Delaware on November 16, 2000, under the name Capstone International Corporation. On March 28, 2004, the Company changed its name to First National Power Corporation. On February 12, 2009, the Company relocated its charter to the State of Nevada and changed its name to First National Energy Corporation. As part of its reorganization, the Company increased its authorized capital to 300 million common shares and effected a 100 for 1 reverse stock split of its issued and outstanding shares of common stock. The accompanying consolidated financial statements reflect all share data based on the 100 for 1 reverse common stock split. The Company’s business purpose is the provision of wind-driven solutions for power generation. Current projects for the Company are the completion of power generation projects from supplemental wind generation technologies. b) Purchase of Technology License On April 20, 2009, the Company entered into a preliminary letter of intent with Boreas Research Corporation (“Boreas”), a Florida corporation, pursuant to which the Company would acquire a territorial license to certain rights in alternative energy technology of Boreas, in exchange for a quantity of newly issued common shares of the Company. The letter of intent was superseded by a Technology License and Stock Purchase Agreement (the “Agreement”) between the Company and Boreas that was consummated on May 25, 2009 (the “Closing”), at which time the Company issued to the stockholders of Boreas 98,800,000 new restricted and unregistered common shares of the Company and agreed to pay certain future royalties to Boreas from net revenues realized by the Company from the technology license. The consideration issued in the transaction was determined as a result of arm’s-length negotiations between the parties. The preliminary letter of intent was reported by the Company on form 8-K to the Securities and Exchange Commission (“SEC”) on April 21, 2009, and the Agreement was annexed to an information statement on form 14-C filed with the SEC in preliminary and definitive forms on April 22, 2009 and May 4, 2009, respectively. The definitive information statement was mailed to the Stockholders of the Company on May 4, 2009. The Company obtained written consent to the Agreement and the transaction from the holders of 55.82% of its issued and outstanding shares of common stock in lieu of a meeting of stockholders. In exchange for the Company acquiring the technology license from Boreas at the Closing pursuant to the Agreement (as amended by the Amendment), the Stockholders of Boreas received an aggregate of 98,800,000 new restricted and unregistered common shares of the Company’s common stock. Accordingly, the Boreas Stockholders now own 98.93% of the Company’s 99,865,228 outstanding common shares. No finder’s fees were paid or consulting agreements entered into by the Company in connection with the transaction. Prior to the transaction, there were no material relationships between the Company and Boreas, between Boreas and the Company’s affiliates, directors or officers, or between any associates of Boreas and the Company’s officers or directors. All of the Company’s transaction liabilities were settled on or immediately following the Closing. Upon the Closing on May 25, 2009, the Company was no longer deemed to be a “shell company” as defined in Rule 12b-2 under the Securities Exchange Act of 1934 (the “Exchange Act”). Accordingly, the Company filed an amended current report on Form 8-K/A with the SEC on May 26, 2009, setting forth the information that would be required if the Company were filing a general form for registration of securities on Form 10 under the Exchange Act. On April 18, 2011, First National Energy Corporation (the “Company”) entered into a Novation Agreement (the “Novation”) with all of the stockholders of Boreas revising the structure of the May 25, 2009 transaction by which the Company acquired a territorial license to certain rights in alternative energy technology of Boreas, in exchange for a quantity of newly issued common shares of the Company. The Novation amended the Technology License and Stock Purchase Agreement (the “Original Agreement”) to substitute the stockholders of Boreas as the licensor under the Original Agreement. c) Further Purchase of Technology License On March 22, 2010, Pavana Power Corporation (“Pavana”), a Nevada corporation, the Company’s 99.9% owned subsidiary, acquired an exclusive, territorial, 25-year license for the Republic of India (“India”), from Boreas, pursuant to which the Company’s subsidiary acquired technology rights for India in the technology of Boreas that maximizes the energy productivity of existing wind turbines by capturing energy that flows through and underneath existing wind turbine systems. The consideration due from the Company’s subsidiary to Boreas for the license is a deferred cash payment of $600,000, and a future royalty equal to 5% of the subsidiary’s “EBITDA” (earnings before interest, taxes, depreciation and amortization) from exploitation of the acquired license.

Going Concern

Going Concern	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	2. GOING CONCERN The Company’s consolidated financial statements are prepared using accounting principles generally accepted in the United States of America and applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has not generated any revenues from its planned principal operations through September 30, 2017 and has recorded losses since inception, has negative working capital, has yet to achieve profitable operations and expects further losses in the development of its business. There can be no assurance that the Company will have adequate capital resources to fund planned operations or that any additional funds will be available to the Company when needed, or if available, will be available on favorable terms in the amounts required by the Company. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Management has plans to raise cash through debt offerings once the sales of the technologies begin. The facilities and equipment required for successfully completing the business model have been identified but until the resources are available, have not been acquired or engaged. In the period prior to the onset of operations, the Company will undertake to raise further cash through further capital offerings. There is no assurance that the Company will be successful in raising additional capital.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a) Basis of Presentation and Consolidation The unaudited interim consolidated financial statements include the accounts of First National Energy Corporation, its wholly-owned subsidiary First National Energy (Canada) Corporation and its 99.99% owned subsidiary Pavana Power Corporation. All material inter-company amounts have been eliminated. The accompanying unaudited interim consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 8-03 of Regulation S-X related to smaller reporting companies. The unaudited interim consolidated financial statements should be read in conjunction with the financial statements and Notes thereto together with management’s discussion and analysis of financial condition and results of operations contained in the Company’s annual report on Form 10-K for the year ended December 31, 2016. In the opinion of management, the accompanying unaudited interim consolidated financial statements reflect all adjustments of a normal recurring nature considered necessary to fairly state the financial position of the Company at September 30, 2017, the results of its operations for the three months ended September 30, 2017 and 2016, and its cash flows for the three months ended September 30, 2017 and 2016. In addition, some of the Company’s statements in its quarterly report on Form 10-Q may be considered forward-looking and involve risks and uncertainties that could significantly impact expected results. The results of operations for the three months ended September 30, 2017 are not necessarily indicative of results to be expected for the full year. b) 2016 Omnibus Equity Compensation Plan On February 1, 2016, the Board of Directors approved the 2016 Omnibus Equity Compensation Plan (“Stock Option Plan”) for employees and non-employees. The Stock Option Plan reserves up to five million shares of common stock for issuance. All awards granted to employees and non-employees after February 1, 2016 are valued at fair value by using the Black-Scholes option pricing model and recognized on a straight line basis over the service periods of each award. The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees using the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earlier of a performance commitment or completion of performance by the provider of goods or services. If there is a modification of the terms of an award, either by repricing or extending the expiry of the award, the award is re-measured. If the modification results in an increase in the fair value of the new award as compared to the old award immediately prior to the modification, the excess fair value is recognized as compensation expense. As of September 30, 2017, there was $nil of recognized expense related to non-vested stock-based compensation arrangements granted.

Licenses for Technology

Licenses for Technology	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Licenses for Technology	4. LICENSES FOR TECHNOLOGY 2017 2016 Cost Net Book Value Net Book Value North American Technology License $ 100 $ 100 $ 100 Indian Technology License $ 100 $ 100 $ 100 Total $ 200 $ 200 $ 200

Intangible Asset

Intangible Asset	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Asset	5. INTANGIBLE ASSET Effective February 5, 2016, the Company acquired VAWT/VRTB/Bolotov Rotor wind turbine technology (“Technology”) from Bolotov and affiliates (“Serge Bolotov”). The technical and intellectual property were designed, patented, developed and manufactured by Serge Bolotov. The Company valued this technology under the guidance of ASC 350, Intangibles-Goodwill and Other The future compensation to Serge Bolotov consists of: - 10% of all profits generated by sale of this technology as royalties - A purchase bonus of $1,000,000 to be paid out of 11% of the net profits from the intellectual property. (See also note 11) In the event the Company or a related or assigned party does not use the assets transferred in the transaction within a period of 3 years from the date the memorandum of understanding was accepted as a final agreement on February 5 th

Loan Payable to Related Party

Loan Payable to Related Party	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Loan Payable to Related Party	6. LOAN PAYABLE TO RELATED PARTY On March 22, 2010, the Company acquired an exclusive territorial 25 year Supplemental Wind Energy Generator (“SWEG”) Technology license for the Republic of India (“India”), from Boreas. The stockholders of Boreas hold a controlling interest in the Company. The technology of Boreas maximizes the energy productivity of existing wind turbines by capturing energy that flows through an underneath existing wind turbine systems. The consideration due from the Company to Boreas was a deferred cash payment of $600,000, and a future royalty equal to 5% of the subsidiary’s “EBITDA” (earnings before interest, taxes, depreciation and amortization) from exploitation of the acquired license. On November 8, 2010, the subsidiary paid Boreas $60,000 as a payment due under the India technology license agreement, leaving a balance of cash consideration due of $540,000. The remaining debt is non-interest bearing and is due on demand. On October 28, 2016, Boreas assigned its loan receivable due from the Company to one of the Company’s shareholders. The amount previously owed by the Company to Boreas is now owed to a shareholder of the Company. The loan to shareholder is non-interest bearing, is due on demand and has no security or conversion features.

Loan Payable to Director and Re

Loan Payable to Director and Related Party Transactions	9 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
Loan Payable to Director and Related Party Transactions	7 LOAN PAYABLE TO DIRECTOR AND RELATED PARTY TRANSACTIONS Transactions with related parties are incurred in the normal course of business and are measured at the exchange amount which is the amount of consideration established by and agreed to by the related parties. A director of the Company has advanced monies to the Company to pay certain expenses. The advances have no interest rate and is due on demand. The amount owing to the director was $145,331 ($125,117 in 2016).

Capital Stock

Capital Stock	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Capital Stock	8. CAPITAL STOCK a) Authorized 300,000,000 Common shares, $0.001 per value b) Issued 99,915,228 Common shares (2016: 99,865,228 Common shares) valued at $99,815 (2016: $99,765) In 2017, the Company offered up to 500,000 shares of common stock at a price of $0.50 per share, $.0001 par value (the “Offering”). On January 27, 2017, in connection with the Offering, the Company issued and sold on a private placement basis, 50,000 shares at a price of $0.50 per share for total proceeds of $25,000. Financing expenses in the amount of $5,000 pursuant to the private placement were recorded as a reduction in additional paid-in capital.

Segmented Information

Segmented Information	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Segmented Information	9. SEGMENTED INFORMATION The Company, after reviewing its operating systems, has determined that it has no reportable segment and geographic segment. The Company’s operations are all related to the provision of wind-driven solutions for power generation. All assets of the business are located in the United States of America.

Commitment and Contingencies

Commitment and Contingencies	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitment and Contingencies	10. COMMITMENT AND CONTINGENCIES a) Pursuant to Note 1 (c), under the Technology License purchased by Pavana, the Company has a commitment for royalties at 5% of earnings before interest, taxes, depreciation and amortization (“EBITDA”) derived by Pavana using this technology. b) Pursuant to the purchase of intellectual property from Serge Bolotov (the “vendor”), the Company has the following commitments related to the purchase: i. As consideration for the transaction, the vendor shall be paid 10% of the profits realized by the Company or a related or assigned party and a signing bonus of $1,000,000 to be derived from 11% of the initial profits from the intellectual property. ii. Following completion of sufficient funding of the Company or related or assigned party, the following shall occur: the vendor will be paid the sum of $8,000 CAD per month in cash or shares, as long as the vendor is needed as a consultant with the Company or a related or assigned party. The Company or related or assigned party will provide research and development facility with support staff. iii. The Company or a related or assigned party will act to appoint Serge Bolotov as a member of the Board of Directors. Upon successful appointment to the Board, the Company or a related or assigned party will issue the vendor 100,000 common shares as compensation for his Board of Director appointment and Director services. As at December 31, 2016, the vendor has not yet been appointed to the Board. iv. The Company or a related or assigned party will act to appoint Serge Bolotov as a member of the Board of Directors. Upon successful appointment to the Board, the Company or a related or assigned party will issue the vendor 100,000 common shares as compensation for his Board of Director appointment and for Director services. As of September 30, 2017, the vendor has not yet been appointed to the Board. c) Effective February 1, 2016, the Company executed an agreement with legal counsel to pay a monthly fee of $2,500 commencing February 1, 2016 with respect to legal matters of securities regulation, private placements, corporate governance, and related matters in connection with the Company. The two parties reserve the right to terminate or withdraw from the agreement at any time. d) Pursuant to Note 1 (b), under the Technology License and Stock Purchase Agreement signed with Boreas, the Company agreed to pay certain future royalties to Boreas from net future revenues realized by the Company from the technology license.

Capital Management

Capital Management	9 Months Ended
	Sep. 30, 2017
Capital Management
Capital Management	11. CAPITAL MANAGEMENT The Company’s capital management objective is to secure the ability to continue as a going concern and to optimize the cost of capital in order to enhance value to shareholders. As part of this objective, the Company seeks to maintain access to loan and capital markets at all times. The Board of Directors reviews the capital structure of the Group on a regular basis. Capital structure and debt capacity are taken into account when deciding new investments and the Company may consider share buybacks and share issuances as other strategies. Debt capital is managed considering the requirement to secure liquidity and the capability to refinance maturing debt. On September 30, 2017, the Company had no interest-bearing debt.

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2017
Investments, All Other Investments [Abstract]
Financial Instruments	12. FINANCIAL INSTRUMENTS The Company is exposed to risks that arise from its use of financial instruments. This note describes the Company’s objectives, policies and processes for managing those risks and the methods used to measure them. Foreign exchange risk: The Company’s subsidiary conducts its activities in Canadian dollars. The Company is therefore subject to gains or losses due to fluctuations in Canadian currency relative to the US dollar. The Company has no exposure to this given its limited activity and assets through the year. Liquidity risk: The Company monitors its liquidity position regularly to assess whether it has the funds necessary to fulfill planned commitments on its alternative energy technology or viable options are available to fund such commitments from new equity issuance or alternative sources such as debt financing. However, without significant internally generated cash flow, there are inherent liquidity risks, including the possibility that additional financing may not be available to the Company, or that actual development expenditures may exceed those planned. The current uncertainty in global markets could have an impact on the Company’s future ability to access capital on terms that are acceptable to the Company. The company has so far been able to raise the required financing to meet its obligations on time. The Company continues to pursue potential investees and have already secured additional equity financing from investors subsequent to the period end.

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	a) Basis of Presentation and Consolidation The unaudited interim consolidated financial statements include the accounts of First National Energy Corporation, its wholly-owned subsidiary First National Energy (Canada) Corporation and its 99.99% owned subsidiary Pavana Power Corporation. All material inter-company amounts have been eliminated. The accompanying unaudited interim consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 8-03 of Regulation S-X related to smaller reporting companies. The unaudited interim consolidated financial statements should be read in conjunction with the financial statements and Notes thereto together with management’s discussion and analysis of financial condition and results of operations contained in the Company’s annual report on Form 10-K for the year ended December 31, 2016. In the opinion of management, the accompanying unaudited interim consolidated financial statements reflect all adjustments of a normal recurring nature considered necessary to fairly state the financial position of the Company at September 30, 2017, the results of its operations for the three months ended September 30, 2017 and 2016, and its cash flows for the three months ended September 30, 2017 and 2016. In addition, some of the Company’s statements in its quarterly report on Form 10-Q may be considered forward-looking and involve risks and uncertainties that could significantly impact expected results. The results of operations for the three months ended September 30, 2017 are not necessarily indicative of results to be expected for the full year.
2016 Omnibus Equity Compensation Plan	b) 2016 Omnibus Equity Compensation Plan On February 1, 2016, the Board of Directors approved the 2016 Omnibus Equity Compensation Plan (“Stock Option Plan”) for employees and non-employees. The Stock Option Plan reserves up to five million shares of common stock for issuance. All awards granted to employees and non-employees after February 1, 2016 are valued at fair value by using the Black-Scholes option pricing model and recognized on a straight line basis over the service periods of each award. The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees using the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earlier of a performance commitment or completion of performance by the provider of goods or services. If there is a modification of the terms of an award, either by repricing or extending the expiry of the award, the award is re-measured. If the modification results in an increase in the fair value of the new award as compared to the old award immediately prior to the modification, the excess fair value is recognized as compensation expense. As of September 30, 2017, there was $nil of recognized expense related to non-vested stock-based compensation arrangements granted.

Licenses for Technology (Tables

Licenses for Technology (Tables)	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Technology License	2017 2016 Cost Net Book Value Net Book Value North American Technology License $ 100 $ 100 $ 100 Indian Technology License $ 100 $ 100 $ 100 Total $ 200 $ 200 $ 200

Nature of Operations and Purc22

Nature of Operations and Purchase of Technology (Details Narrative) - USD ($)	Mar. 22, 2010	May 25, 2009	Sep. 30, 2017	Dec. 31, 2016
Capital stock, Authorized			300,000,000	300,000,000
Reverse stock split			the Company increased its authorized capital to 300 million common shares and effected a 100 for 1 reverse stock split of its issued and outstanding shares of common stock.
Stock issued during period restricted and unregistered common shares			50,000
Common stock shares percentage			55.82%
Number of shares outstanding			99,915,228	99,865,228
Pavana Power Corporation [Member]
Common stock shares percentage	99.90%
Business acquisition license term	25 years
Deferred cash payment	$ 600,000
Percentage of future royalty equal	5.00%
Stockholders Of Boreas [Member]
Stock issued during period restricted and unregistered common shares		98,800,000	98,800,000
Common stock shares percentage			98.93%
Number of shares outstanding			99,865,228

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Details Narrative) - shares	9 Months Ended
	Sep. 30, 2017	Feb. 01, 2016
Accounting Policies [Abstract]
Percentage of ownership interest by parent	99.99%
Stock option reserves shares		5,000,000
Recognized non-vested stock based compensation

Licenses for Technology - Sched

Licenses for Technology - Schedule of Technology License (Details) - USD ($)	Sep. 30, 2017	Sep. 30, 2016
North American Technology License [Member]
Cost	$ 100
Net Book Value	100	$ 100
Indian Technology License [Member]
Cost	100
Net Book Value	100	100
License [Member]
Cost	200
Net Book Value	$ 200	$ 200

Intangible Asset (Details Narra

Intangible Asset (Details Narrative) - Serge Bolotov [Member]	9 Months Ended
	Sep. 30, 2017USD ($)
Percentage of profit share for compensation of assets	10.00%
Signing bonus paid	$ 1,000,000
Percentage of solely derived initial profits realized from assets	11.00%
Final Agreement [Member]
Assets transaction period	3 years
Related party transaction, purchases from related party	$ 5,000

Loan Payable to Related Party (

Loan Payable to Related Party (Details Narrative) - USD ($)	Nov. 08, 2010	Mar. 22, 2010
Supplemental Wind Energy Generator Technology [Member]
Business acquisition license term		25 years
Deferred cash payment		$ 600,000
Percentage of future royalty equal to subsidiary EBITDA		5.00%
Indian Technology License [Member]
Subsidiary paid payment for license agreement	$ 60,000
Cash consideration due	$ 540,000

Loan Payable to Director and 27

Loan Payable to Director and Related Party Transactions (Details Narrative) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Director [Member]
Amount owed to director	$ 145,331	$ 125,117

Capital Stock (Details Narrativ

Capital Stock (Details Narrative) - USD ($)	Jan. 27, 2017	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Common stock, authorized		300,000,000		300,000,000
Common stock, par value		$ 0.001		$ 0.001
Common stock, issued		99,915,228		99,865,228
Common stock value		$ 99,815		$ 99,765
Number of common shares issued		50,000
Share issued price per share		$ 0.50
Financing expenses		$ 5,000
Private Placement [Member]
Number of common shares issued	50,000
Share issued price per share	$ 0.50
Proceeds from issuance of private placement	$ 25,000
Financing expenses	$ 5,000
Maximum [Member]
Number of common shares issued		500,000

Commitment and Contingencies (D

Commitment and Contingencies (Details Narrative)	9 Months Ended
	Sep. 30, 2017CADshares	Sep. 30, 2017USD ($)	Feb. 01, 2016USD ($)
Monthly fee | $			$ 2,500
Vendor [Member]
Number of shares issued as compensation | shares	100,000
Serge Bolotov [Member]
Percentage of profit share for compensation of assets		10.00%
Signing bonus paid | $		$ 1,000,000
Percentage of solely derived initial profits realized from assets		11.00%
Serge Bolotov [Member] | Board of Directors [Member]
Consideration of common shares | shares	100,000
Serge Bolotov [Member] | CAD [Member]
Related party periodic payment per month | CAD	CAD 8,000
Pavana [Member]
Percentage of royalties rate for all revenues	5.00%