Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended |
Sep. 30, 2014 | |
Document and Entity Information | ' |
Entity Registrant Name | 'Triton Emission Solutions Inc. |
Document Type | '10-Q |
Document Period End Date | 30-Sep-14 |
Amendment Flag | 'false |
Entity Central Index Key | '0001143238 |
Current Fiscal Year End Date | '--12-31 |
Entity Common Stock, Shares Outstanding | 88,095,005 |
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 | 'Q3 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Current Assets | ' | ' |
Cash | $707,211 | $177,986 |
Accounts receivable | 3,391 | 3,754 |
Prepaids | 65,321 | 266,448 |
Work in progress | 889,903 | ' |
Loan receivable | 1,800,000 | ' |
Total Current Assets | 3,465,826 | 448,188 |
Other Assets | ' | ' |
Equipment | 33,190 | 39,413 |
Investment in distribution and license rights | 44,167 | 48,141 |
Investment in emission abatement technologies | 49,542,750 | ' |
Total Other Assets | 49,620,107 | 87,554 |
Total Assets | 53,085,933 | 535,742 |
Current Liabilities | ' | ' |
Accounts payable | 268,080 | 147,600 |
Accrued liabilities | 37,048 | 206,454 |
Unearned revenue | 2,075,000 | 1,100,000 |
Notes and advances payable | 643,751 | 1,070,898 |
Due to related parties | 42,507 | 58,293 |
Total Current Liabilities | 3,066,386 | 2,583,245 |
Long-Term Liabilities | ' | ' |
Long-term loan | 930,767 | ' |
Total Long-Term Liabilities | 930,767 | ' |
Total Liabilities | 3,997,153 | 2,583,245 |
Stockholders' Deficit | ' | ' |
Common stock value | 88,095 | 187,995 |
Common stock obligation | 46,410 | ' |
Additional paid-in capital | 68,716,024 | 2,240,253 |
Accumulated deficit | -19,773,414 | -4,487,416 |
Accumulated other comprehensive income | 11,665 | 11,665 |
Total Stockholders' Equity (Deficit) | 49,088,780 | -2,047,503 |
Total Liabilities and Stockholders' Equity (Deficit) | $53,085,933 | $535,742 |
Balance_Sheets_Parenthetical
Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Balance Sheet | ' | ' |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, shares issued | 88,095,005 | 187,995,005 |
Common stock, shares outstanding | 88,095,005 | 187,995,005 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Income Statement | ' | ' | ' | ' |
Survey income | ' | $60,000 | $15,000 | $60,000 |
Royalty income | 2,683 | 273,655 | 16,493 | 287,631 |
Total revenues | 2,683 | 333,655 | 31,493 | 347,631 |
Operating expenses | ' | ' | ' | ' |
Amortization | 1,312,899 | 73,450 | 2,847,447 | 219,409 |
General and administrative expense | 734,877 | 458,183 | 2,210,795 | 948,784 |
Royalty fee | ' | 25,000 | -170,833 | 75,000 |
Loss before other items | -2,045,093 | -222,978 | -4,855,917 | -895,562 |
Other items | ' | ' | ' | ' |
Accretion expense | 191,692 | ' | -328,005 | ' |
Forgiveness of debt | 238,321 | ' | 238,321 | ' |
Impairment of loan | ' | ' | -150,000 | ' |
Interest expense | -104,444 | -51,524 | -259,504 | -141,852 |
Non-cash consulting fees | ' | ' | -9,677,730 | ' |
Stock-based compensation | -253,163 | ' | -253,163 | ' |
Net income (loss) | ($2,356,071) | ($274,502) | ($15,285,998) | ($1,037,414) |
Net income (loss) per common share - basic and diluted | ($0.03) | $0 | ($0.13) | ($0.01) |
Weighted common shares outstanding - basic and diluted | 88,024,353 | 187,910,222 | 115,111,122 | 167,547,935 |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity (Deficit) (USD $) | Common Stock | Obligation to Issue Shares | Additional Paid-in Capital | Accumulated Deficit | Accumulated Other Comprehensive Income | Total |
Beginning Balance, amount at Dec. 31, 2011 | $33,745 | ' | $2,295,003 | ($2,295,013) | $11,665 | $45,400 |
Beginning Balance, shares at Dec. 31, 2011 | 33,745,005 | ' | ' | ' | ' | ' |
Shares issued under employeement agreement, shares | 154,000,000 | ' | ' | ' | ' | ' |
Shares issued under employeement agreement, value | 154,000 | ' | 81,466,000 | ' | ' | 81,620,000 |
Deferred compensation | ' | ' | -81,620,000 | ' | ' | -81,620,000 |
Shares issued for purchase of subsidiary, shares | 100,000 | ' | ' | ' | ' | ' |
Shares issued for purchase of subsidiary, value | 100 | ' | 52,900 | ' | ' | 53,000 |
Obligation to issue shares | ' | 45,000 | ' | ' | ' | 45,000 |
Shares issued for services, shares | 150,000 | ' | ' | ' | ' | ' |
Shares issued for services, value | 150 | -45,000 | 46,350 | ' | ' | 1,500 |
Net loss for the period | ' | ' | ' | -1,037,414 | ' | -1,037,414 |
Ending Balance, amount at Sep. 30, 2013 | 187,995 | ' | 2,240,253 | -3,332,427 | 11,665 | -892,514 |
Ending Balance, shares at Sep. 30, 2013 | 187,995,005 | ' | ' | ' | ' | ' |
Net loss for the period | ' | ' | ' | -1,154,989 | ' | -1,154,989 |
Ending Balance, amount at Dec. 31, 2013 | 187,995 | ' | 2,240,253 | -4,487,416 | 11,665 | -2,047,503 |
Beginning Balance, shares at Dec. 31, 2013 | 187,995,005 | ' | ' | ' | ' | ' |
Obligation to issue shares | ' | 46,410 | ' | ' | ' | 46,410 |
Shares cancelled upon cancellation of employment agreement, shares | -154,000,000 | ' | ' | ' | ' | ' |
Shares cancelled upon cancellation of employment agreement, value | -154,000 | ' | 154,000 | ' | ' | ' |
Fair value of warrants issued on long-term financing | ' | ' | 3,900,637 | ' | ' | 3,900,637 |
Fair value of warrants issued for consulting services | ' | ' | 9,677,730 | ' | ' | 9,677,730 |
Fair value of stock-based compensation | ' | ' | 253,163 | ' | ' | 253,163 |
Net loss for the period | ' | ' | ' | -15,285,998 | ' | -15,285,998 |
Ending Balance, amount at Sep. 30, 2014 | $88,095 | $46,410 | $68,716,024 | ($19,773,414) | $11,665 | $49,088,780 |
Ending Balance, shares at Sep. 30, 2014 | 88,095,005 | ' | ' | ' | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Cash Flows from Operating Activities | ' | ' |
Net loss | ($15,285,998) | ($1,037,414) |
Non cash items | ' | ' |
Accretion expense | 328,005 | ' |
Amortization | 2,847,447 | 219,409 |
Consulting services | 9,677,730 | ' |
Website design | 46,410 | 46,500 |
Foreign exchange gain | -15,692 | -6,141 |
Investor relations fees | 164,341 | ' |
Forgiveness of debt | -238,321 | ' |
Fair value of stock-based compensation | 253,163 | ' |
Changes to operating assets and liabilities: | ' | ' |
Accounts receivable | 363 | -287,902 |
Prepaids | 198,844 | -93,226 |
Advances receivable | ' | 80,000 |
Work in progress | -889,903 | ' |
Accounts payable | 135,480 | 39,887 |
Accrued liabilities | -157,931 | 79,472 |
Unearned revenue | 975,000 | 1,250,000 |
Due to related parties | -13,503 | -227,147 |
Accrued interest | 259,504 | 141,235 |
Net cash provided by (used in) operating activities | -1,715,061 | 204,673 |
Cash Flows from Financing Activities | ' | ' |
Long-term loan | 2,600,000 | ' |
Notes and advances payable | 48,286 | 272,835 |
Repayment of accrued interest on notes payable | 404,000 | 112,731 |
Net cash provided by financing activities | 2,244,286 | 160,104 |
Cash Flows from Investing Activities | ' | ' |
Equipment | ' | 14,711 |
Net cash provided by investing activities | ' | -14,711 |
Net increase in cash | 529,225 | 350,066 |
Cash, beginning of period | 177,986 | 6,969 |
Cash, end of period | 707,211 | 357,035 |
Supplemental Disclosure of Cash Flow Information: | ' | ' |
Income tax | ' | ' |
Interest | $250,159 | $92,731 |