GreenShift (GERS) 10-Q 15 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	14-May-15
Entity Registrant Name	GREENSHIFT CORP
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Entity Central Index Key	1269127
Current Fiscal Year End Date	-19
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	2015
Document Fiscal Period Focus	Q1
Entity Common Stock, Shares Outstanding		1,652,102,654

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
Current Assets:
Cash	$127,811	$587,021
Accounts receivable, net of doubtful accounts	267,424	647,257
Inventories, net	691,896	691,896
Prepaid expenses and other assets	111,233	64,678
Total current assets	1,198,363	1,990,852
Other Assets:
Intangible assets, net	20,379	21,179
Deposits	69,730	69,730
Total other assets	90,109	90,909
TOTAL ASSETS	1,288,472	2,081,761
Current Liabilities:
Accounts payable	7,270,989	7,194,854
Accrued expenses	6,674,767	6,535,148
Accrued expenses - deferred employee compensation	510,243	518,043
Income tax payable	4,543	4,543
Accrued interest payable	6,955,228	6,734,434
Accrued interest payable - related party	279,237	273,317
Deferred revenue	44,550
Billings in excess	93,479	32,365
Notes payable	1,367,045	1,367,045
Current portion of convertible debentures, net	14,792,876	15,062,191
Convertible debentures - related party	2,554,035	2,581,185
Amounts due to minority shareholders	545,842	545,842
Total current liabilities	41,092,648	40,848,967
Long term Liabilities:
Liability for preferred stock - related party	710,881	698,048
Convertible debentures	175,000	175,000
Total long term liabilities	885,881	873,048
Total Liabilities	41,978,529	41,722,015
Commitments and Contingencies
Stockholders' Equity (Deficit):
Common stock: $0.0001 par value, 2,500,000,000 authorized and 1,874,639,549 and 1,227,083,263 issued and outstanding, respectively	187,463	122,706
Additional paid in capital	121,397,624	121,318,267
Accumulated deficit	-162,278,480	-161,084,563
Total stockholders' equity (deficit)	-40,690,057	-39,640,254
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	1,288,472	2,081,761
Class B Preferred Stock
Stockholders' Equity (Deficit):
Preferred Stock	2,481	2,481
Class D Preferred Stock
Stockholders' Equity (Deficit):
Preferred Stock	$855	$855

CONSOLIDATED_BALANCE_SHEETS_PA

CONSOLIDATED BALANCE SHEETS PARENTHETICAL (USD $)	Mar. 31, 2015	Dec. 31, 2014
Common stock par value	$0.00	$0.00
Common stock shares authorized	2,500,000,000	2,500,000,000
Common stock shares issued	1,874,639,549	1,227,083,263
Common stock shares outstanding	1,874,639,549	1,227,083,263
Class B Preferred Stock
Convertible preferred stock par value	$0.00	$0.00
Convertible preferred stock shares authorized	5,000,000	5,000,000
Convertible preferred stock shares issued	2,480,544	2,480,544
Convertible preferred stock shares outstanding	2,480,544	2,480,544
Class D Preferred Stock
Convertible preferred stock par value	$0.00	$0.00
Convertible preferred stock shares authorized	5,000,000	5,000,000
Convertible preferred stock shares issued	855,101	855,101
Convertible preferred stock shares outstanding	855,101	855,101

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CONSOLIDATED STATEMENTS OF OPERATIONS
Revenue	$912,804	$3,729,044
Costs of goods sold	277,663	1,620,938
Gross profit	635,141	2,108,107
Sales, general and administrative expenses	1,183,041	1,528,461
Research and development	320,590	186,714
Total operating expenses	1,503,631	1,715,175
Income (loss) from operations	-868,490	392,932
Gain (loss) on extinguishment of debt	15,248
Miscellaneous income		74
Change in conversion liabilities	11,110	83,333
Change in conversion liabilities - related party	-12,833	-15,500
Interest expense	-222.932	-349,611
Interest expense - related party	-40,472	-40,517
Total other income (expense), net	-249,879	-322,221
Income (loss) before provision for income taxes	-1,118,369	70,711
Net income (loss)	($1,118,369)	$70,711
Weighted average common shares outstanding, basic	1,555,234,991	15,664,027
Weighted average common shares outstanding, diluted	1,555,234,991	178,042,065,122
Income (loss) from continuing operations - basic	$0	$0
Income (loss) from continuing operations - diluted	$0	$0

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	($1,118,369)	$70,711
Adjustments to reconcile net income(loss) to net cash provided by (used in) operating activities:
Amortization of intangibles	801	801
Loss (gain) on extinguishment of debt	-15,248
Change in conversion liabilities	1,723	-67,833
Changes in operating assets and liabilities:
Change in accounts receivable	379,833	110,672
Change in accrued revenue		32,454
Change in prepaid expenses	-46,555	10,188
Change in billings in excess	61,114
Change in deferred revenue	44,550	120,290
Change in accrued interest	222,932	349,611
Change in accrued interest - related party	6,472	40,517
Change in accounts payable and accrued expenses	132,406	-181,972
Net cash provided by (used in) operating activities	-330,341	485,438
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of convertible debentures	-128,869	-750,000
Net cash provided by (used in) financing activities	-128,869	-750,000
Net increase (decrease) in cash	-459,210	-264,562
Cash at beginning of period	587,021	3,896,312
Cash at end of period	$127,811	$3,631,750

Note_1_Basis_of_Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Notes
Note 1 - Basis of Presentation	NOTE 1                BASIS OF PRESENTATION
	REFERENCES TO THE COMPANY
	In this Quarterly Report on Form 10-Q, the terms “we,” “our,” “us,” “GreenShift,” or the “Company” refer to GreenShift Corporation, and its subsidiaries on a consolidated basis. The term “GreenShift Corporation” refers to GreenShift Corporation on a standalone basis only, and not its subsidiaries.
	The condensed balance sheet at December 31, 2014 was derived from audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. The other information in these condensed financial statements is unaudited but, in the opinion of management, reflects all adjustments necessary for a fair presentation of the results for the periods covered. All such adjustments are of a normal recurring nature unless disclosed otherwise. These condensed financial statements, including notes, have been prepared in accordance with the applicable rules of the Securities and Exchange Commission and do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America for complete financial statements. These condensed financial statements should be read in conjunction with the financial statements and additional information as contained in our Annual Report on Form 10-K for the year ended December 31, 2014.
	CONSOLIDATED FINANCIAL STATEMENTS
	The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries, and entities which we control. All significant intercompany balances and transactions have been eliminated on a consolidated basis for reporting purposes.
	USE OF ESTIMATES IN THE PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
	The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles, or GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Note_2_Description_of_Business

Note 2 - Description of Business	3 Months Ended
	Mar. 31, 2015
Notes
Note 2 - Description of Business	NOTE 2                DESCRIPTION OF BUSINESS
	We develop and commercialize clean technologies that facilitate the more efficient use of natural resources. We are focused on doing so today in the U.S. ethanol industry, where we innovate and offer technologies that improve the profitability of licensed ethanol producers.
	We generate revenue by licensing our technologies to ethanol producers in exchange for ongoing royalty and other license fees. During the three months ended March 31, 2015, four customers each provided over 10% of our revenue, including two customers that accounted for more than 50% of sales (See Note 4 Significant Accounting Policies for Revenue Recognition policies).  During the three months ended March 31, 2014, three customers each provided over 10% of our revenue.

Note_3_Going_Concern

Note 3 - Going Concern	3 Months Ended
	Mar. 31, 2015
Notes
Note 3 - Going Concern	NOTE 3                GOING CONCERN
	The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As of March 31, 2015, the Company had $127,811 in cash, and current liabilities exceeded current assets by $39,894,285. As of December 31, 2014, debentures in the aggregate principal amount of $13,483,466 matured, and these are now in default, as the Company negotiates a modification and extension with the creditors. In addition, in October 2014 the District Court in Indiana issued a partial summary judgment that our corn oil extraction patents are invalid; if we are unable to successfully appeal that ruling or otherwise settle the infringement matter, it would have a significant negative impact on our future cash flows.
	These matters raise substantial doubt about the Company’s ability to continue as a going concern. Our ability to satisfy our obligations will depend on our success in obtaining financing, our success in preserving current revenue sources and developing new revenue sources, and our success in negotiating with the creditors. Management plans to resolve the Company’s working capital deficit by increasing revenue, reducing debt and exploring new financing options. There can be no assurances that the Company will be able to eliminate its working capital deficit and that the Company’s historical operating losses will not recur. The accompanying financial statements do not contain any adjustments which may be required as a result of this uncertainty.

Note_4_Significant_Accounting_

Note 4 - Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Notes
Note 4 - Significant Accounting Policies	NOTE 4                SIGNIFICANT ACCOUNTING POLICIES
	SEGMENT INFORMATION
	We determined our reporting units in accordance with FASB ASC 280, “Segment Reporting” (“ASC 280”). We evaluate a reporting unit by first identifying its operating segments under ASC 280. We then evaluate each operating segment to determine if it includes one or more components that constitute a business. If there are components within an operating segment that meet the definition of a business, we evaluate those components to determine if they must be aggregated into one or more reporting units. If applicable, when determining if it is appropriate to aggregate different operating segments, we determine if the segments are economically similar and, if so, the operating segments are aggregated. We have one operating segment and reporting unit. We operate in one reportable business segment; we provide technologies and related products and services to U.S.-based ethanol producers. We are organized and operated as one business. We exclusively sell our technologies, products and services to ethanol producers that have entered into license agreements with the Company. No sales of any kind occur, and no costs of sales of any kind are incurred, in the absence of a license agreement. A single management team that reports to the chief operating decision maker comprehensively manages the entire business. We do not operate any material separate lines of business or separate business entities with respect to our technologies, products and services. The Company does not accumulate discrete financial information according to the nature or structure of any specific technology, product and/or service provided to the Company’s licensees. Instead, management reviews its business as a single operating segment, using financial and other information rendered meaningful only by the fact that such information is presented and reviewed in the aggregate. Discrete financial information is not available by more than one operating segment, and disaggregation of our operating results would be impracticable.
	REVENUE RECOGNITION
	The Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price is fixed or determinable, and collection is reasonably assured. The Company recognizes revenue from licensing of the Company’s corn oil extraction technologies when corn oil sales occur. Licensing royalties are recognized as earned by calculating the royalty as a percentage of gross corn oil sales by the ethanol plants. For the purposes of assessing royalties, the sale of corn oil is deemed to occur when shipped, which is when four basic criteria have been met: (i) persuasive evidence of a customer arrangement; (ii) the price is fixed or determinable; (iii) collectability is reasonably assured, and (iv) product delivery has occurred, which is generally upon shipment to the buyer of the corn oil. To the extent revenues are generated from the Company’s licensing support services, the Company recognizes such revenues when the services are completed and billed. The Company provides process engineering services on fixed price contracts.  These services are generally provided over a short period of less than three months.  Revenue from fixed price contracts is recognized on a pro rata basis over the life of the contract as they are generally performed evenly over the contract period. The Company additionally performs under fixed-price contracts involving design, engineering, procurement, installation, and start-up of oil recovery and other production systems. Revenues and fees on these contracts are recognized using the percentage-of-completion method of accounting. During 2015 and 2014, our percentage-of-completion methods included the efforts-expended percentage-of-completion method and the cost-to-cost method. The efforts-expended method utilizes using measures such as task duration and completion. The efforts-expended approach is used in situations where it is more representative of progress on a contract than the cost-to-cost or the labor-hours method (see below). The Company also used the cost-to-cost method which is used to determine the percentage of completion of a project based on the actual costs incurred. Earnings are recognized periodically based upon our estimate of contract revenues and costs in providing the services required under the contract.  The percentage of completion method must be used in lieu of the completed contract method when all of the following are present:  reasonably reliable estimates can be made of revenue and costs; the construction contract specifies the parties’ rights as to the goods, consideration to be paid and received, and the resulting terms of payment or settlement; the contract purchaser has the ability and expectation to perform all contractual duties; and the contract contractor has the same ability and expectation to perform. Under the completed contract method income is recognized only when a contract is completed or substantially completed. The asset, “costs and estimated earnings in excess of billings on uncompleted contracts,” represents revenues recognized in excess of amounts billed. The liability, “billings in excess of costs and estimated earnings on uncompleted contracts,” represents billings in excess of revenues recognized.
	BASIC AND DILUTED INCOME (LOSS) PER SHARE
	The Company computes its net income or loss per common share under the provisions of ASC 260, “Earnings per Share,” whereby basic net income or loss per share is computed by dividing the net loss for the period by the weighted-average number of shares of common stock outstanding during the period. Dilutive net loss per share excludes potential common shares issuable upon conversion of all derivative securities if the effect is anti-dilutive. Thus, common stock issuable upon exercise or conversion of options, warrants, convertible preferred stock, or convertible debentures are excluded from computation of diluted net loss per share, but are included in computation of diluted net income per share. During the three months ended March 31, 2015, we reported net loss, and accordingly dilutive instruments were excluded from the net loss per share calculation for such periods.  During the three months ended March 31, 2014, we reported net income and accordingly included potentially dilutive instruments in the fully diluted net income per share calculation and the dilutive effect of convertible instruments were determined by application of the if-converted method.
	FINANCIAL INSTRUMENTS
	The carrying values of accounts receivable, other receivables, accounts payable and accrued expenses approximate their fair values due to their short term maturities. The carrying values of the Company’s long-term debt approximate their fair values based upon a comparison of the interest rate and terms of such debt to the rates and terms of debt currently available to the Company. It was not practical to estimate the fair value of the convertible debt. In order to do so, it would be necessary to obtain an independent valuation of these unique instruments. The cost of that valuation would not be justified in light of the materiality of the instruments to the Company.
	RECENT ACCOUNTING PRONOUNCEMENTS
	Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.

Note_5_Fair_Value_Disclosures

Note 5 - Fair Value Disclosures	3 Months Ended
	Mar. 31, 2015
Notes
Note 5 - Fair Value Disclosures	NOTE 5                FAIR VALUE DISCLOSURES
	Effective July 1 2009, the Company adopted ASC 820, Fair Value Measurements and Disclosures. This topic defines fair value for certain financial and nonfinancial assets and liabilities that are recorded at fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. This guidance supersedes all other accounting pronouncements that require or permit fair value measurements.  The Company accounted for the convertible debentures in accordance with ASC 480, Distinguishing Liabilities from Equity, as the conversion feature embedded in the convertible debentures could result in the note principal and related accrued interest being converted to a variable number of the Company’s common shares.
	Effective July 1 2009, the Company adopted ASC 820-10-55-23A, Scope Application to Certain Non-Financial Assets and Certain Non-Financial Liabilities, delaying application for non-financial assets and non-financial liabilities as permitted. ASC 820 establishes a framework for measuring fair value, and expands disclosures about fair value measurements. In January 2010, the FASB issued an update to ASC 820, which requires additional disclosures about inputs into valuation techniques, disclosures about significant transfers into or out of Levels 1 and 2, and disaggregation of purchases, sales, issuances, and settlements in the Level 3 rollforward disclosure.
	ASC 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels as follows:
	Level 1	quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access as of the measurement date. Financial assets and liabilities utilizing Level 1 inputs include active exchange-traded securities and exchange-based derivatives
	Level 2	inputs other than quoted prices included within Level 1 that are directly observable for the asset or liability or indirectly observable through corroboration with observable market data. Financial assets and liabilities utilizing Level 2 inputs include fixed income securities, non-exchange-based derivatives, mutual funds, and fair-value hedges
	Level 3	unobservable inputs for the asset or liability only used when there is little, if any, market activity for the asset or liability at the measurement date. Financial assets and liabilities utilizing Level 3 inputs include infrequently-traded, non-exchange-based derivatives and commingled investment funds, and are measured using present value pricing models.
	For 2014, the fair value of the embedded conversion liabilities was determined using the present value model calculating fair value based on the conversion discount as well as the present value based on term and bond rate. During the three months ended March 31, 2014 the following assumptions were used: (1) conversion discounts of 10% to 50%; (2) term of less than one year to 8 years and (3) bond rate of 10%.
	For 2015, the fair value of the embedded conversion liabilities was determined using the present value model calculating fair value based on the conversion discount as well as the present value based on term and bond rate. During the three months ended March 31, 2015 the following assumptions were used: (1) conversion discounts of 10%; (2) term of less than one year to 7 years and (3) bond rate of 10%.
	Fluctuations in the conversion discount percentage have the greatest effect on the value of the conversion liabilities valuations during each reporting period. As the conversion discount percentage increases for each of the related conversion liabilities instruments, the change in the value of the conversion liabilities increases, therefore increasing the liabilities on the Company's balance sheet. The higher the conversion discount percentage, the higher the liability. A 10% change in the conversion discount percentage would result in more than a $1,424,885 change in our Level 3 fair value.
	The following table presents the embedded derivatives, the Company’s only financial assets measured and recorded at fair value on the Company’s Consolidated Balance Sheets, on a recurring basis and their level within the fair value hierarchy during the three months ended March 31, 2015:
	Embedded conversion liabilities as of March 31, 2015:
	Level 1	$	--
	Level 2		--
	Level 3		1,589,427
	Total conversion liabilities	$	1,589,427
	The following table reconciles, for the period ended March 31, 2015, the beginning and ending balances for financial instruments that are recognized at fair value in the consolidated financial statements:
	Balance of embedded derivatives at December 31, 2014	$	1,603,496
	Present value of beneficial conversion features of new debentures		--
	Accretion adjustments to fair value – beneficial conversion features		12,830
	Reductions in fair value due to repayments/redemptions		(11,106	)
	Reductions in fair value due to principal conversions		(15,793	)
	Balance at March 31, 2015	$	1,589,427
	The fair value of the conversion features are calculated at the time of issuance and the Company records a conversion liability for the calculated value. The Company recognizes the initial expense for the conversion liability which is added to the carrying value of the debenture or the liability for preferred stock. The Company also recognizes expense for accretion of the conversion liability to fair value over the term of the note. The Company has adopted ASC 480, Distinguishing Liabilities from Equity, as the conversion feature embedded in each debenture and/or convertible preferred share could result in the note principal and/or preferred shares being converted to a variable number of the Company’s common shares.

Note_6_Inventories

Note 6 - Inventories	3 Months Ended
	Mar. 31, 2015
Notes
Note 6 - Inventories	NOTE 6                INVENTORIES
	The Company maintains an inventory of equipment and components used in systems designed to extract corn oil from licensed ethanol production facilities. The inventory, which consists of equipment and component parts, is held for sale to the Company’s licensees on an as needed basis.
	Inventories are stated at the lower of cost or market, with cost being determined by the specific identification method. Inventories at March 31, 2015 and December 31, 2014 were $691,896.

Note_7_Debt_Obligations

Note 7 - Debt Obligations	3 Months Ended
	Mar. 31, 2015
Notes
Note 7 - Debt Obligations	NOTE 7                DEBT OBLIGATIONS
	The following is a summary of the Company’s financing arrangements as of March 31, 2015:
			3/31/15
	Current portion of long term debt:
	Mortgages and other term notes	$	21,743
	Current portion of notes payable		1,345,302
	Total current portion of long term debt	$	1,367,045
	Current portion of convertible debentures:
	YA Global Investments, L.P., 6% interest, conversion at 90% of market	$	12,159,471
	Better Half Bloodstock, Inc., 0% interest, conversion at 90% of market		50,000
	Circle Strategic Allocation Fund, LP, 6% interest, conversion at 90% of market		40,737
	Dakota Capital, 6% interest, conversion at 90% of market		714,870
	EFG Bank, 6% interest, conversion at 90% of market		118,895
	Empire Equity, 6% interest, conversion at 90% of market		121,913
	Epelbaum Revocable Trust, 6% interest, conversion at 90% of market		91,985
	Highland Capital, 6% interest, conversion at 90% of market		19,500
	JMC Holdings, LP, 6% interest, conversion at 90% of market		141,506
	Dr. Michael Kesselbrenner, 6% interest, conversions at 90% of market		11,577
	David Moran & Siobhan Hughes, 6% interest, conversion at 90% of market		2,418
	Morano, LLC, 6% interest, no conversion discount		33,320
	Susan Schneider, 6% interest, conversions at 90% of market		10,594
	Minority Interest Fund (II), LLC, 6% interest, no conversion discount		2,257,118
	Viridis Capital, LLC, 6% interest, conversion at 50% of market		100,000
	Related Party Debenture, 6% interest, no conversion discount		96,917
	Conversion liabilities		1,376,091
	Total current portion of convertible debentures	$	17,346,911
	Long term convertible debentures:
	Gerova Asset Backed Holdings, LP, 2% interest, no conversion discount		175,000
	Total long term convertible debentures	$	175,000
	A total of $16,145,821 in principal from the convertible debt noted above is convertible into the common stock of the Company. The following chart is presented to assist the reader in analyzing the Company’s ability to fulfill its fixed debt service requirements (net of note discounts) as of March 31, 2015 and the Company’s ability to meet such obligations:
	Year		Amount
	2015	$	17,337,866
	2016		--
	2017		--
	2018		175,000
	2019		--
	Thereafter		--
	Total minimum payments due under current and long term obligations	$	17,512,866
	YA GLOBAL INVESTMENTS, L.P.
	In 2012 the Company and its subsidiaries entered into a series of agreements with YA Global Investments, L.P. (“YA Global”) pursuant to which existing obligations from the Company to YA Global were replaced by an amended and restated convertible debenture in the amount of $33,308,023 (the “A&R Debenture”).  The A&R Debenture bears interest at the rate of 6% per annum and provides the holder with the right, but not the obligation, to convert any portion of the A&R Debenture into the Company’s common stock at a rate equal to the lesser of (a) $1.00 or (b) 90% of the lowest daily volume weighted average price of the Company’s common stock during the 20 consecutive trading days immediately preceding the conversion date. A holder of the A&R Debenture will not be permitted, however, to convert into a number of shares that would cause it to own more than 4.99% of the Company’s outstanding common shares. The A&R Debenture is additionally subject to ongoing compliance conditions, including the absence of change of control events and timely issuance of common shares upon conversion.
	On November 12, 2013, the Company and YA Global Investments, L.P., entered into an amended forbearance agreement pursuant in which the maturity date of the Company's outstanding debt to YA Global and its assignees was extended to December 31, 2014. The amendment further provided for a mandatory prepayment of $500,000 on or before December 15, 2013, cash payments by the Company of $250,000 per month for the first six months of 2014, $261,000 per month for the second six months of 2014 and the reimbursement of certain legal costs and expenses. The Company will also be required to pay an amount equal to twenty percent (20%) of all gross proceeds received from any defendant in any patent infringement litigation, whether now existing or hereafter arising, within one (1) Business Day of receipt. The debt due to YA Global matured on December 31, 2014. Management expects to enter into agreements with YA Global to restructure and extend the maturity of that debt during the second quarter 2015.
	On December 22, 2014 GreenShift Corporation, its subsidiaries and affiliates, Viridis Capital, LLC and YA Global Investments, L.P. (“YA Global”) entered into a Sixth Amendment to Second Global  Forbearance Agreement (the “Amendment”).  The Amendment recites that on or about December 12, 2014 YA Global became aware of certain events that are cause for termination of the Forbearance Agreement and enforcement of YA Global's rights in the event of default under the Debenture. Subsequently, Viridis Capital, LLC, the controlling shareholder of GreenShift, took certain actions as a result of the discovery of the termination events, including removal of certain officers and directors of GreenShift. The Amendment states that, in order to facilitate ongoing negotiations between GreenShift and YA Global, YA Global, for itself and its assignees, has agreed to forbear from enforcing its rights and remedies as a result of the termination events until January 31, 2015, unless another termination event occurs. Since that time the parties have been carrying on negotiations aimed at restructuring the loan and extending the maturity date. Management believes that the restructuring and extension will be accomplished in the second quarter of 2015.
	The Company accounted for the A&R Debenture in accordance with ASC 480, Distinguishing Liabilities from Equity, as the conversion feature embedded in the A&R Debenture could result in the note principal being converted to a variable number of the Company’s common shares. During the year ended December 31, 2014, the Company paid $4,529,500 in cash towards the principal balance of the A&R Debenture.  During the year ended December 31, 2014, YA Global assigned $1,300,000 of its principal due on the A&R Debenture to four of its equity-holders, which assignment reduced the principal balance due to YA The Company also purchased $686,041 in accrued interest from one of its assignees. The Company had determined the fair value of the A&R Debenture at December 31, 2014 to be $19,675,780 which represented the face value of the debenture plus the present value of the conversion feature. During the three months ended March 31, 2015, the Company recognized a decrease in the conversion liability relating to the A&R Debenture of $10,742 for assignments and/or repayments during the period and $2,687 from conversions of debt into common stock. The carrying value of the A&R Debenture was $13,288,520 at March 31, 2015, including principal of $12,159,471 and the value of the conversion liability. The liability for the conversion feature of $1,129,049 at March 31, 2015 is equal to its estimated settlement value. Interest expense of $181,201 for the A&R Debenture was accrued for the three months ended March 31, 2015.
	YA CORN OIL
	In addition to the balance of the A&R Debenture is a promissory note that the Company made in 2012 as a result of certain indemnification obligations that arose from the Company’s transactions with YA Global’s affiliate, YA Corn Oil.  The note amount is $1,295,302, accrues interest at 6% and matured on December 31, 2013. YA Corn Oil extended the due date to January 31, 2015. Management expects to enter into agreements with YA Corn Oil to restructure and extend the maturity of that debt during the second quarter 2015.
	ASSIGNEES OF YA GLOBAL INVESTMENTS, L.P.
	From time to time since 2011, YA Global has subdivided the A&R Debenture (or its predecessor obligation) and assigned portions to individuals and entities that are equity-holders in YA Global.  As of March 31, 2015, twelve assignees of YA Global held debentures with an aggregate balance of $1,323,995 (the “Assignee Debentures”).  The terms of the Assignee Debentures are substantially identical.  The Assignee Debentures bear interest at 6% per annum, except that debentures in the principal amount of $50,000 that were issued in exchange for assigned accrued interest do not bear interest. The holder of an Assignee Debenture has the right, but not the obligation, to convert any portion of the Assignee Debenture into the Company’s common stock at a rate equal to the lesser of (a) $1.00 or (b) 90% of the lowest daily volume weighted average price of the Company’s common stock during the 20 consecutive trading days immediately preceding the conversion date.  The Assignee Debentures matured on December 31, 2014.  The ongoing negotiations regarding a restructuring and extension of the A&R Debenture discussed above contemplate that identical modifications would be made to the Assignee Debentures.
	The Company accounted for the Assignee Debentures in accordance with ASC 480, Distinguishing Liabilities from Equity, as the conversion feature embedded in each Assignee Debentures could result in the note principal being converted to a variable number of the Company’s common shares. The Company determined the aggregate value of the Assignee Debentures at December 31, 2013 to be $5,149,206 which represented the aggregate face value of the debentures of $4,634,512 plus the present value of the conversion feature. During the three months ended March 31, 2015, the Company made payments against the Assignee Debentures which resulted in a $369 reduction of the fair value of the conversion liability for the period as well as a reduction of $13,106 due to conversions during the period. The carrying value of the Assignee Debentures was $1,471,037 at March 31, 2015, including principal of $1,323,995 and the value of the conversion liability. The present value of the liability for the conversion feature has reached its estimated settlement value of $147,042 as of March 31, 2015.  Interest expense of $19,281 for these obligations was accrued for the three months ended March 31, 2015.
	RELATED PARTY OBLIGATIONS
	As of December 31, 2010, the Company had convertible debentures payable to Minority Interest Fund (II), LLC (“MIF”) in an aggregate principal amount of $3,988,326 (the “MIF Debenture”) and convertible debentures payable to Viridis Capital, LLC in an aggregate principal amount of $518,308 (the “Viridis 2010 Debenture”). As discussed more fully in Note 17, Related Party Transactions, below, the Company entered into agreements with MIF and Viridis to amend and restate the terms of the MIF Debenture and Viridis 2010 Debenture effective September 30, 2011 to extend the maturity date to September 30, 2013; to eliminate and contribute $502,086 in accrued interest and $1,065,308 of principal; to reduce the applicable interest rate to 6% per annum; to eliminate MIF’s and Viridis’ right to convert amounts due at a discount to the market price of the Company’s common stock; and to reverse various non-cash assignments of debt involving related parties. The restated balances due to MIF and Viridis at September 30, 2011, were $3,017,061 and $237,939, respectively. No interest was payable to either MIF or Viridis after these amendments. MIF received 62,500 shares of Series D Preferred Stock in partial consideration of the contribution of principal and accrued interest and the various other modified terms of MIF’s agreements with the Company. On September 30, 2011, the Company issued $1,090,000 and $351,000 in convertible debt to Acutus Capital, LLC (“Acutus”) and family members of the Company’s chairman, respectively, for cash investments previously provided to the Company. The terms of these debentures provide for interest at 6% per annum, a maturity date of September 30, 2013, and the right to convert amounts due into Company common stock at 100% of the market price for the Company’s common stock at the time of conversion. The foregoing debentures are subject to conditions which limit the transfer of shares issued upon conversion to 5% of the average monthly volume for the Company’s common stock. During the three months ended March 31, 2015, $16,650 in principal was converted into common stock. As of March 31, 2015, the balance of the MIF Debenture was $2,257,118.
	As of April 1, 2013, the Company issued a $250,000 debenture to Viridis Capital, LLC (“Viridis” and the “Viridis Debenture”) in exchange for full satisfaction of expenses and costs that were incurred by Viridis in connection with its guaranty of the Company’s obligations (see Note 11, Related Party Transactions, below).  Viridis shall have the right, but not the obligation, to convert any portion of the Viridis Debenture into the Company’s common stock at a rate equal to the lesser of (a) $1.00 or (b) 50% of the 20 day volume weighted average price of the Company’s common stock during the 20 consecutive trading days immediately preceding the conversion date.  $150,000 of the Viridis Debenture was paid during the year ended December 31, 2014. The Company accounted for the Viridis Debenture in accordance with ASC 480, Distinguishing Liabilities from Equity, as the conversion feature embedded in the Viridis Debenture could result in the note principal being converted to a variable number of the Company’s common shares. The Company determined the value of the Viridis Debenture upon issuance to be $477,273 which represented the face value of the debenture of $250,000 plus the present value of the conversion feature. A $150,000 portion of the Viridis Debenture was assigned to a related party resulting in a $136,364 reduction of the fair value of the conversion liability for the period and accretion of $6,061 was recognized during 2013.  The carrying value of the Viridis Debenture was $200,000 at March 31, 2015, including principal of $100,000 and the value of the conversion liability. The present value of the liability for the conversion feature has reached its estimated settlement value of $100,000 at March 31, 2015.  Interest expense of $1,479 for these obligations was accrued for the three months ended March 31, 2015.
	OTHER DEBENTURES
	During the year ended December 31, 2012, the Company incurred $175,000 in convertible debt to Gerova Asset Back Holdings, LP (“Gerova” and the “Gerova Debenture”). Gerova shall have the right, but not the obligation, to convert any portion of the convertible debenture into the Company’s common stock at a rate equal to 100% of the closing market price for the Company’s common stock for the day preceding the conversion date.  Gerova delivered a release in favor of the Company in respect of any and all amounts that may have been due under the Company’s former guaranty agreement with Gerova. The debenture matures on December 31, 2018. The balance of the Gerova Debenture was $175,000 at March 31, 2015. Interest expense of $863 for these obligations was accrued for the three months ended March 31, 2015.
	During the year ended December 31, 2014, Minority Interest Fund (II), LLC assigned $200,000 of its convertible debt to Nicholas J. Morano, LLC (“Morano” and the “Morano Debenture”).  Morano shall have the right, but not the obligation, to convert any portion of the accrued interest into the Company’s common stock at 100% of the market price for the Company’s common stock at the time of conversion.  The balance of the Morano Debenture was $33,320 at March 31, 2015. Interest expense of $493 for these obligations was accrued for the three months ended March 31, 2015.

Note_8_Guaranty_Agreement

Note 8 - Guaranty Agreement	3 Months Ended
	Mar. 31, 2015
Notes
Note 8 - Guaranty Agreement	NOTE 8                GUARANTY AGREEMENT
	Viridis Capital, LLC (“Viridis”) is the majority shareholder of the Company and is solely owned by Kevin Kreisler, the Company’s founder and chairman. Viridis has guaranteed all of the Company’s senior debt and has pledged all of its assets, including its shares of Company Series D Preferred Stock, to YA Global to secure the repayment by the Company of its obligations to YA Global (see Note 9, Stockholders’ Equity, below). Viridis has also guaranteed all amounts due to Cantrell Winsness Technologies, LLC in connection with the acquisition by the Company’s subsidiary of its patented and patent-pending extraction technologies (see Note 11, Related Party Transactions, below). The Company has separately agreed to indemnify and hold Viridis harmless from any and all losses, costs and expenses incurred by Viridis in connection with its guaranty of the Company’s obligations.

Note_9_Stockholders_Equity

Note 9 - Stockholders' Equity	3 Months Ended
	Mar. 31, 2015
Notes
Note 9 - Stockholders' Equity	NOTE 9                STOCKHOLDERS’ EQUITY
	SERIES B PREFERRED STOCK
	Each share of Series B Preferred Stock may be converted by the holder into 0.025 shares of common stock. Upon the declaration of dividends on common stock, the holders would be entitled to cumulative dividend rights equal to that of the holders of the number of shares into which the Series B Preferred Shares are convertible, and have voting privileges of one vote to every one common share. At March 31, 2015 and December 31, 2014, there were 2,480,544 shares of Series B Preferred Stock issued and outstanding.
	SERIES D PREFERRED STOCK
	Shares of the Series D Preferred Stock (the “Series D Shares”) may be converted by the holder into Company common stock. The conversion ratio is such that the full 1,000,000 Series D Shares originally issued convert into Company common shares representing 80% of the fully diluted outstanding common shares outstanding after the conversion (which includes all common shares outstanding plus all common shares potentially issuable upon the conversion of all derivative securities not held by the holder). The holder of Series D Shares may cast the number of votes at a shareholders meeting or by written consent that equals the number of common shares into which the Series D Shares are convertible on the record date for the shareholder action. In the event the Board of Directors declares a dividend payable to Company common shareholders, the holders of Series D Shares will receive the dividend that would be payable if the Series D Shares were converted into Company common shares prior to the dividend. In the event of a liquidation of the Company, the holders of Series D Shares will receive a preferential distribution of $0.001 per share, and will share in the distribution as if the Series D Shares had been converted into common shares. The Company has issued 800,000 Series D Shares to Viridis Capital, LLC, and 62,500 Series D Shares to Minority Interest Fund (II), LLC. However, Viridis and the Company are subject to an additional agreements which, if performed, provide for additional (but currently unissued) shares of the Company’s Series D Preferred Stock to be beneficially owned by Acutus Capital, LLC (124,875 shares) and Minority Interest Fund (II), LLC (41,034 additional shares). During the year ended December 31, 2014, 7,161 shares of Series D Preferred Stock were converted into 1 billion shares of Company common stock by Viridis Capital, LLC, the majority shareholder of the Company. The sole member of Viridis, Kevin Kreisler, is the Company’s chairman. At March 31, 2015 and December 31, 2014, there were 855,101 shares of Series D Preferred Stock issued and outstanding.
	ASC 480, Distinguishing Liabilities from Equity, sets forth the requirements for determination of whether a financial instrument contains an embedded derivative that must be bifurcated from the host contract, therefore the Company evaluated whether the conversion feature for Series D Preferred Stock would require such treatment; one of the exceptions to bifurcation of the embedded conversion feature is that the conversion feature as a standalone instrument would be classified in stockholders’ equity. Management has determined that the conversion option would not be classified as a liability as a standalone instrument, therefore it meets the exception for bifurcation of the embedded derivative under ASC 815, Derivatives and Hedging. ASC 815 addresses whether an instrument that is not under the scope of ASC 480 would be classified as liability or equity; one of the factors that would require liability classification is if the Company does not have sufficient authorized shares to effect the conversion. If a company could be required to obtain shareholder approval to increase the company's authorized shares in order to net-share or physically settle a contract, share settlement is not controlled by the company. The majority of the Company’s outstanding shares of Series D Preferred Stock are owned by Viridis Capital, LLC, an entity controlled by Kevin Kreisler, the chairman of the Company. If all the Series D shares held by Viridis Capital were converted and exceeded the number of authorized common shares, there would be no contingent factors or events that a third party could bring up that would prevent Mr. Kreisler from authorizing the additional shares. There would be no need to have to go to anyone outside the Company for approval since Mr. Kreisler, through Viridis Capital, is the Company’s majority shareholder. As a result, the share settlement is controlled by the Company and with ASC 815. The Company assessed all other factors in ASC 815 to determine how the conversion feature would be classified.
	SERIES F PREFERRED STOCK
	Effective January 1, 2010, GS CleanTech Corporation, a wholly-owned subsidiary of the Company, executed an Amended and Restated Technology Acquisition Agreement (“TAA”) with Cantrell Winsness Technologies, LLC (“CWT”), David F. Cantrell, David Winsness, Gregory P. Barlage and John W. Davis (the “Sellers”) pursuant to which the parties amended and restated the method of calculating the purchase price for the Company’s corn oil extraction technology (the “Technology”). The TAA provides for the payment by the Company of royalties in connection with the Company’s corn oil extraction technologies, the reduction of those royalties as the Sellers receive payment, and a mechanism for conversion of accrued or prepaid royalties into Company common stock. To achieve this latter mechanism, the Company agreed to issue to the Sellers a one-time prepayment in the form of 1,000,000 shares of redeemable Series F Preferred Stock with a face value of $10 per preferred share. The Series F preferred shares are redeemable at face value and a rate equal to the amount royalties paid or prepaid under the TAA. In addition, the Sellers have the right to convert the Series F preferred shares to pay or prepay royalties at a rate equal to the cash proceeds received by the Sellers upon sale of the common shares issued upon conversion Series F preferred shares. The TAA provides for the payment to the Sellers of an initial royalty fee equal to the lesser of $0.10 per gallon or a percentage of net cash flows, both of which are reduced ratably to $0.025 per gallon upon payment, prepayment or conversion as described above. The Company’s obligations under the TAA are guaranteed by Viridis Capital, LLC, which guarantee was subordinated by the Sellers to the rights of YA Global under its guaranty agreement with Viridis Capital (see Note 8, Guaranty Agreements, above). The Company accounted for the Series F preferred shares in accordance with ASC 480, Distinguishing Liabilities from Equity, as the conversion feature embedded in the convertible Series F preferred shares could result in the preferred shares being converted to a variable number of the Company’s common shares.  The Company determined the value of the Series F preferred shares at the grant date to be $925,926 which represented the estimated value of the preferred shares based on common shares into which they could be converted at the grant date, which included the present value of the conversion feature, which was determined to be $428,381. During the three months ended March 31, 2015, the Company recorded an expense of $12,833 for the accretion to fair value at March 31, 2015, including the grant date value plus the accretion less redemptions of the conversion liability during the year. The liability for the conversion feature shall increase from its present value of $213,336 at March 31, 2015 to its estimated settlement value of $479,973 at June 10, 2020.
	The only conditions under which the Company would be required to redeem its convertible preferred stock for cash would be in the event of a liquidation of the Company or in the event of a cash-out merger of the Company.
	COMMON STOCK
	During the three months ended March 31, 2015 and 2014, the Company issued a total of 647,556,096 shares and 15,105,067 shares of common stock, respectively, upon conversion in period of $128,321 and $338,488, respectively, of principal and accrued interest due pursuant to the Company’s various convertible debentures (see Note 7, Debt Obligations, above).

Note_10_Commitments_and_Contin

Note 10 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Notes
Note 10 - Commitments and Contingencies	NOTE 10              COMMITMENTS AND CONTINGENCIES
	INFRINGEMENT
	On October 13, 2009, the U.S. Patent and Trademark Office (“PTO”) issued U.S. Patent No. 7,601,858, titled "Method of Processing Ethanol Byproducts and Related Subsystems” (the ’858 Patent) to GS CleanTech Corporation, a wholly-owned subsidiary of GreenShift Corporation. On October 27, 2009, the PTO issued U.S. Patent No. 7,608,729, titled "Method of Freeing the Bound Oil Present in Whole Stillage and Thin Stillage” (the ’729 Patent) to GS CleanTech. Both the ‘858 Patent and the ‘729 Patent relate to the Company’s corn oil extraction technologies. GS CleanTech Corporation, our wholly-owned subsidiary, subsequently filed legal actions in multiple jurisdictions alleging infringement by various persons and entities. Multiple additional related suits and countersuits were filed. On May 6, 2010, we submitted a "Motion to Transfer Pursuant to 28 U.S.C. § 1407 for Consolidated Pretrial Proceedings" to the United States Judicial Panel on Multidistrict Litigation (the "Panel") located in Washington, D.C. In this motion, we moved the Panel to transfer and consolidate all pending suits involving infringement of our patents to one federal court for orderly and efficient review of all pre-trial matters. On August 6, 2010, the Panel ordered the consolidation and transfer of all pending suits in the U.S. District Court, Southern District of Indiana for pretrial proceedings (the "MDL Case").
	In October 2014, the District Court in Indiana ruled in favor of the defendants in our pending patent infringement matter on their motions for summary judgment alleging that our corn oil extraction patents were invalid, including US Pat. Nos. 7,601,858 and 8,168,037. The summary judgment ruling was not final and there are additional issues in the MDL Case that can be expected to be resolved this year. We disagree with the court’s ruling and intend to mount a vigorous appeal at the appropriate time.
	OTHER MATTERS
	The Company is party to an action entitled Max v. GS AgriFuels Corp., et al. in the Supreme Court, New York County, in which the plaintiffs are asserting claims to money damages against the Company and other defendants, arising from a series of Share Purchase Agreements dated March 6, 2007, under which the individual plaintiffs sold their shares in Sustainable Systems, Inc., to GS AgriFuels Corporation, a former subsidiary of the Company. In their Amended Complaint, plaintiffs asserted claims for breach of contract, fraud and negligent misrepresentation, and sought money damages in the amount of $6 million. On March 19, 2013, the Court granted in part the defendants’ motion to dismiss the Amended Complaint, and dismissed all but the breach of contract claims asserted against the Company and certain other corporate defendants. The plaintiffs have filed a Notice of Appeal from that ruling, and had indicated that they intended to perfect their appeal. On October 30, 2013, the defendants filed a motion for summary judgment dismissing the plaintiffs’ remaining claims for breach of contract.  On August 6, 2014, the Court granted the defendants’ motion to dismiss the Complaint, denied the defendants’ motion for summary judgment and dismissal of the plaintiff’s breach of contract claim, and denied the plaintiffs’ cross motion for discovery. Subsequent to December 31, 2014, the Company entered into a settlement agreement pursuant to which the plaintiff is to receive $25,000 in cash and a convertible debenture in the amount of $300,000. In the event that the plaintiffs have not converted the debenture in full at the expiration of three years, the plaintiffs may request the remaining amount be paid in full at that time. The Company accrued $325,000 as of the year ended December 31, 2014.
	On September 10, 2012, Long Side Ventures commenced an action entitled Long Side Ventures and Sunny Isles Ventures, LLC, LLC v. GreenShift et. al., in the United States District Court for the Southern District of New York, alleging breach of contract and other causes of action for which the plaintiff seeks damages of about $250,000 plus costs. Subsequent to December 31, 2014, the Company entered into a settlement agreement pursuant to which the plaintiff is to receive $150,000 in cash and securities in the amount of $250,000. The Company accrued the entire $400,000 judgment on its books as of the year ended December 31, 2014. Upon the performance of the terms of the Settlement Agreement, the Action will be dismissed against the Company and the other defendants.
	On October 10, 2013, Golden Technology Management, LLC, and other plaintiffs commenced an action entitled Golden Technology Management, LLC, et al. v. NextGen Acquisition, Inc. et al. in the Supreme Court of the State of New York, County of New York, alleging breach of contract and other causes of action against the Company in connection with the acquisition of NextGen Fuel, Inc. by a former subsidiary. Plaintiffs seek damages in excess of $5,200,000 plus prejudgment interest and costs.  The Company intends to vigorously defend this action. At this stage of the proceedings, we cannot evaluate the likelihood of an unfavorable outcome in excess of the amounts previously accrued.
	The Company is also involved in various collection matters for which vendors are seeking payment for services rendered and goods provided. The Company and its subsidiaries are party to numerous matters pertaining to outstanding amounts alleged to be due. Management is unable to characterize or evaluate the probability of any outcome at this time.
	Under the Company’s insurance programs, coverage is obtained for catastrophic exposures, as well as those risks required to be insured by law or contract. There is a $2,500 deductible per occurrence for environmental impairments. Environmental liability insurance is carried with policy limits of $1,000,000 per occurrence and $2,000,000 aggregate.
	The Company is party to an employment agreement with Kevin Kreisler, the Company’s Chairman and Chief Executive Officer, which agreement includes terms for reimbursement of expenses, periodic bonuses, four weeks’ vacation and participation in any employee benefits provided to all employees of GreenShift Corporation.
	The Company’s Articles of Incorporation provide that the Company shall indemnify its officers, directors, employees and agents to the full extent permitted by Delaware law. The Company’s Bylaws include provisions to indemnify its officers and directors and other persons against expenses (including attorney’s fees, judgments, fines and amounts paid for settlement) incurred in connection with actions or proceedings brought against them by reason of their serving or having served as officers, directors or in other capacities.  The Company does not, however, indemnify them in actions in which it is determined that they have not acted in good faith or have acted unlawfully. The Company is further subject to various indemnification agreements with various parties pursuant to which the Company has agreed to indemnify and hold such parties harmless from and against expenses and costs incurred (including attorney’s fees, judgments, fines and amounts paid for settlement) in connection with the provision by such parties of certain financial accommodations to the Company. Such parties indemnified by the Company include YA Global Investments, L.P., YA Corn Oil Systems, LLC, Viridis Capital, LLC, Minority Interest Fund (II), LLC, Acutus Capital, LLC, and various family members of the Company’s chairman that have provided the Company with cash investments.

Note_11_Related_Party_Transact

Note 11 - Related Party Transactions	3 Months Ended
	Mar. 31, 2015
Notes
Note 11 - Related Party Transactions	NOTE 11              RELATED PARTY TRANSACTIONS
	Minority Interest Fund (II), LLC (“MIF”) is party to certain convertible debentures issued by the Company (see Note 7, Debt Obligations, above). The managing member of MIF is a relative of the Company’s chairman.
	Viridis Capital LLC (“Viridis”) is party to certain convertible debentures issued by the Company (see Note 7, Debt Obligations, above). The managing member of Viridis is the Company’s chairman, Kevin Kreisler.

Note_12_Supplemental_Disclosur

Note 12 - Supplemental Disclosure of Cash Flow Information	3 Months Ended
	Mar. 31, 2015
Notes
Note 12 - Supplemental Disclosure of Cash Flow Information	NOTE 12              SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
	The following is a summary of supplemental disclosures of cash flow information for the three months ended March 31, 2015 and 2014:
			3/31/14		3/31/14
	Cash paid for the following:
	Interest	$	--	$	--
	Total interest paid in cash		--		--
	Supplemental disclosure of non-cash investing and financing activities:
	Debentures converted into common stock	$	128,321	$	338,488
	Reductions of conversion liabilities from debt conversions		15,793		56,167
	Forgiveness of affiliate payable		--		--

Note_13_Subsequent_Events

Note 13 - Subsequent Events	3 Months Ended
	Mar. 31, 2015
Notes
Note 13 - Subsequent Events	NOTE 13              SUBSEQUENT EVENTS
	On May 1, 2015 the Company issued 7,161 shares of Series D Preferred Stock to Viridis Capital, LLC, and Viridis Capital, LLC surrendered one billion shares of the Company's common stock to the Company.
	On April 1, 2015, the Company reached a settlement in the Max v. GS AgriFuels Corp. case (see Note 10, Commitments and Contingencies).

Note_1_Basis_of_Presentation_R

Note 1 - Basis of Presentation: References To The Company (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
References To The Company	REFERENCES TO THE COMPANY
	In this Quarterly Report on Form 10-Q, the terms “we,” “our,” “us,” “GreenShift,” or the “Company” refer to GreenShift Corporation, and its subsidiaries on a consolidated basis. The term “GreenShift Corporation” refers to GreenShift Corporation on a standalone basis only, and not its subsidiaries.
	The condensed balance sheet at December 31, 2014 was derived from audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. The other information in these condensed financial statements is unaudited but, in the opinion of management, reflects all adjustments necessary for a fair presentation of the results for the periods covered. All such adjustments are of a normal recurring nature unless disclosed otherwise. These condensed financial statements, including notes, have been prepared in accordance with the applicable rules of the Securities and Exchange Commission and do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America for complete financial statements. These condensed financial statements should be read in conjunction with the financial statements and additional information as contained in our Annual Report on Form 10-K for the year ended December 31, 2014.

Note_1_Basis_of_Presentation_C

Note 1 - Basis of Presentation: Consolidated Financial Statements (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
Consolidated Financial Statements	CONSOLIDATED FINANCIAL STATEMENTS
	The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries, and entities which we control. All significant intercompany balances and transactions have been eliminated on a consolidated basis for reporting purposes.

Note_1_Basis_of_Presentation_U

Note 1 - Basis of Presentation: Use of Estimates in The Preparation of Consolidated Financial Statements (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
Use of Estimates in The Preparation of Consolidated Financial Statements	USE OF ESTIMATES IN THE PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
	The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles, or GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Note_4_Significant_Accounting_1

Note 4 - Significant Accounting Policies: Segment Information (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
Segment Information	SEGMENT INFORMATION
	We determined our reporting units in accordance with FASB ASC 280, “Segment Reporting” (“ASC 280”). We evaluate a reporting unit by first identifying its operating segments under ASC 280. We then evaluate each operating segment to determine if it includes one or more components that constitute a business. If there are components within an operating segment that meet the definition of a business, we evaluate those components to determine if they must be aggregated into one or more reporting units. If applicable, when determining if it is appropriate to aggregate different operating segments, we determine if the segments are economically similar and, if so, the operating segments are aggregated. We have one operating segment and reporting unit. We operate in one reportable business segment; we provide technologies and related products and services to U.S.-based ethanol producers. We are organized and operated as one business. We exclusively sell our technologies, products and services to ethanol producers that have entered into license agreements with the Company. No sales of any kind occur, and no costs of sales of any kind are incurred, in the absence of a license agreement. A single management team that reports to the chief operating decision maker comprehensively manages the entire business. We do not operate any material separate lines of business or separate business entities with respect to our technologies, products and services. The Company does not accumulate discrete financial information according to the nature or structure of any specific technology, product and/or service provided to the Company’s licensees. Instead, management reviews its business as a single operating segment, using financial and other information rendered meaningful only by the fact that such information is presented and reviewed in the aggregate. Discrete financial information is not available by more than one operating segment, and disaggregation of our operating results would be impracticable.

Note_4_Significant_Accounting_2

Note 4 - Significant Accounting Policies: Revenue Recognition (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
Revenue Recognition	REVENUE RECOGNITION
	The Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price is fixed or determinable, and collection is reasonably assured. The Company recognizes revenue from licensing of the Company’s corn oil extraction technologies when corn oil sales occur. Licensing royalties are recognized as earned by calculating the royalty as a percentage of gross corn oil sales by the ethanol plants. For the purposes of assessing royalties, the sale of corn oil is deemed to occur when shipped, which is when four basic criteria have been met: (i) persuasive evidence of a customer arrangement; (ii) the price is fixed or determinable; (iii) collectability is reasonably assured, and (iv) product delivery has occurred, which is generally upon shipment to the buyer of the corn oil. To the extent revenues are generated from the Company’s licensing support services, the Company recognizes such revenues when the services are completed and billed. The Company provides process engineering services on fixed price contracts.  These services are generally provided over a short period of less than three months.  Revenue from fixed price contracts is recognized on a pro rata basis over the life of the contract as they are generally performed evenly over the contract period. The Company additionally performs under fixed-price contracts involving design, engineering, procurement, installation, and start-up of oil recovery and other production systems. Revenues and fees on these contracts are recognized using the percentage-of-completion method of accounting. During 2015 and 2014, our percentage-of-completion methods included the efforts-expended percentage-of-completion method and the cost-to-cost method. The efforts-expended method utilizes using measures such as task duration and completion. The efforts-expended approach is used in situations where it is more representative of progress on a contract than the cost-to-cost or the labor-hours method (see below). The Company also used the cost-to-cost method which is used to determine the percentage of completion of a project based on the actual costs incurred. Earnings are recognized periodically based upon our estimate of contract revenues and costs in providing the services required under the contract.  The percentage of completion method must be used in lieu of the completed contract method when all of the following are present:  reasonably reliable estimates can be made of revenue and costs; the construction contract specifies the parties’ rights as to the goods, consideration to be paid and received, and the resulting terms of payment or settlement; the contract purchaser has the ability and expectation to perform all contractual duties; and the contract contractor has the same ability and expectation to perform. Under the completed contract method income is recognized only when a contract is completed or substantially completed. The asset, “costs and estimated earnings in excess of billings on uncompleted contracts,” represents revenues recognized in excess of amounts billed. The liability, “billings in excess of costs and estimated earnings on uncompleted contracts,” represents billings in excess of revenues recognized.

Note_4_Significant_Accounting_3

Note 4 - Significant Accounting Policies: Basic and Diluted Income (loss) Per Share (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
Basic and Diluted Income (loss) Per Share	BASIC AND DILUTED INCOME (LOSS) PER SHARE
	The Company computes its net income or loss per common share under the provisions of ASC 260, “Earnings per Share,” whereby basic net income or loss per share is computed by dividing the net loss for the period by the weighted-average number of shares of common stock outstanding during the period. Dilutive net loss per share excludes potential common shares issuable upon conversion of all derivative securities if the effect is anti-dilutive. Thus, common stock issuable upon exercise or conversion of options, warrants, convertible preferred stock, or convertible debentures are excluded from computation of diluted net loss per share, but are included in computation of diluted net income per share. During the three months ended March 31, 2015, we reported net loss, and accordingly dilutive instruments were excluded from the net loss per share calculation for such periods.  During the three months ended March 31, 2014, we reported net income and accordingly included potentially dilutive instruments in the fully diluted net income per share calculation and the dilutive effect of convertible instruments were determined by application of the if-converted method.

Note_4_Significant_Accounting_4

Note 4 - Significant Accounting Policies: Financial Instruments Policy (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
Financial Instruments Policy	FINANCIAL INSTRUMENTS
	The carrying values of accounts receivable, other receivables, accounts payable and accrued expenses approximate their fair values due to their short term maturities. The carrying values of the Company’s long-term debt approximate their fair values based upon a comparison of the interest rate and terms of such debt to the rates and terms of debt currently available to the Company. It was not practical to estimate the fair value of the convertible debt. In order to do so, it would be necessary to obtain an independent valuation of these unique instruments. The cost of that valuation would not be justified in light of the materiality of the instruments to the Company.

Note_4_Significant_Accounting_5

Note 4 - Significant Accounting Policies: Recent Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS
	Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.

Note_6_Inventories_Inventories

Note 6 - Inventories: Inventories Policy (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
Inventories Policy	Inventories are stated at the lower of cost or market, with cost being determined by the specific identification method

Note_5_Fair_Value_Disclosures_

Note 5 - Fair Value Disclosures: Fair Value, Liabilities Measured on Recurring Basis (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Fair Value, Liabilities Measured on Recurring Basis
	Embedded conversion liabilities as of March 31, 2015:
	Level 1	$	--
	Level 2		--
	Level 3		1,589,427
	Total conversion liabilities	$	1,589,427

Note_5_Fair_Value_Disclosures_1

Note 5 - Fair Value Disclosures: Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
	Balance of embedded derivatives at December 31, 2014	$	1,603,496
	Present value of beneficial conversion features of new debentures		--
	Accretion adjustments to fair value – beneficial conversion features		12,830
	Reductions in fair value due to repayments/redemptions		(11,106	)
	Reductions in fair value due to principal conversions		(15,793	)
	Balance at March 31, 2015	$	1,589,427

Note_7_Debt_Obligations_Schedu

Note 7 - Debt Obligations: Schedule of Debt (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Debt
			3/31/15
	Current portion of long term debt:
	Mortgages and other term notes	$	21,743
	Current portion of notes payable		1,345,302
	Total current portion of long term debt	$	1,367,045
	Current portion of convertible debentures:
	YA Global Investments, L.P., 6% interest, conversion at 90% of market	$	12,159,471
	Better Half Bloodstock, Inc., 0% interest, conversion at 90% of market		50,000
	Circle Strategic Allocation Fund, LP, 6% interest, conversion at 90% of market		40,737
	Dakota Capital, 6% interest, conversion at 90% of market		714,870
	EFG Bank, 6% interest, conversion at 90% of market		118,895
	Empire Equity, 6% interest, conversion at 90% of market		121,913
	Epelbaum Revocable Trust, 6% interest, conversion at 90% of market		91,985
	Highland Capital, 6% interest, conversion at 90% of market		19,500
	JMC Holdings, LP, 6% interest, conversion at 90% of market		141,506
	Dr. Michael Kesselbrenner, 6% interest, conversions at 90% of market		11,577
	David Moran & Siobhan Hughes, 6% interest, conversion at 90% of market		2,418
	Morano, LLC, 6% interest, no conversion discount		33,320
	Susan Schneider, 6% interest, conversions at 90% of market		10,594
	Minority Interest Fund (II), LLC, 6% interest, no conversion discount		2,257,118
	Viridis Capital, LLC, 6% interest, conversion at 50% of market		100,000
	Related Party Debenture, 6% interest, no conversion discount		96,917
	Conversion liabilities		1,376,091
	Total current portion of convertible debentures	$	17,346,911
	Long term convertible debentures:
	Gerova Asset Backed Holdings, LP, 2% interest, no conversion discount		175,000
	Total long term convertible debentures	$	175,000

Note_7_Debt_Obligations_Schedu1

Note 7 - Debt Obligations: Schedule of Company's ability to fulfill its fixed debt service requirements (net of note discounts) (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Company's ability to fulfill its fixed debt service requirements (net of note discounts)
	Year		Amount
	2015	$	17,337,866
	2016		--
	2017		--
	2018		175,000
	2019		--
	Thereafter		--
	Total minimum payments due under current and long term obligations	$	17,512,866

Note_12_Supplemental_Disclosur1

Note 12 - Supplemental Disclosure of Cash Flow Information: Schedule of Cash Flow, Supplemental Disclosures (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Cash Flow, Supplemental Disclosures
			3/31/14		3/31/14
	Cash paid for the following:
	Interest	$	--	$	--
	Total interest paid in cash		--		--
	Supplemental disclosure of non-cash investing and financing activities:
	Debentures converted into common stock	$	128,321	$	338,488
	Reductions of conversion liabilities from debt conversions		15,793		56,167
	Forgiveness of affiliate payable		--		--

Note_2_Description_of_Business1

Note 2 - Description of Business (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Details
Concentration Risk, Customer	four customers each provided over 10% of our revenue, including two customers that accounted for more than 50% of sales	three customers each provided over 10% of our revenue

Note_3_Going_Concern_Details

Note 3 - Going Concern (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Cash	$127,811	$587,021	$3,631,750	$3,896,312
Excess of Liabilities over Assets	39,894,285
Current portion of convertible debentures, net	14,792,876	15,062,191
Debentures in default
Current portion of convertible debentures, net	$13,483,466

Note_5_Fair_Value_Disclosures_2

Note 5 - Fair Value Disclosures: Fair Value, Liabilities Measured on Recurring Basis (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	$1,589,427	$1,603,496
Fair Value, Inputs, Level 3
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	$1,589,427

Note_5_Fair_Value_Disclosures_3

Note 5 - Fair Value Disclosures: Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Details
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	$1,589,427	$1,603,496
Accretion adjustments to fair value - beneficial conversion features	12,830
Reductions in fair value due to repayments/redemptions	-11,106
Reductions in fair value due to principal conversions	($15,793)

Note_6_Inventories_Details

Note 6 - Inventories (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Details
Inventories, net	$691,896	$691,896

Note_7_Debt_Obligations_Schedu2

Note 7 - Debt Obligations: Schedule of Debt (Details) (USD $)	Mar. 31, 2015		Dec. 31, 2014
Mortgages and other term notes	$21,743
Notes Payable, Current	1,345,302
Current portion of long term debt	1,367,045
Current portion of convertible debentures, net	17,346,911
Convertible debentures	175,000		175,000
MinorityInterestFundIILLCMember
Current portion of convertible debentures, net	2,257,118	[1]
YA Global Investments
Current portion of convertible debentures, net	12,159,471	[2]
Better Half Bloodstock Inc
Current portion of convertible debentures, net	50,000	[3]
Circle Strategic Allocation Fund L P
Current portion of convertible debentures, net	40,737	[2]
Dakota Capital Pty Limited
Current portion of convertible debentures, net	714,870	[2]
EFG Bank
Current portion of convertible debentures, net	118,895	[2]
Empire Equity
Current portion of convertible debentures, net	121,913	[2]
Epelbaum Revocable Trust
Current portion of convertible debentures, net	91,985	[2]
Highland Capital
Current portion of convertible debentures, net	19,500	[2]
JMC Holdings L P
Current portion of convertible debentures, net	141,506	[2]
Dr Michael Kesselbrenner
Current portion of convertible debentures, net	11,577	[2]
David Moran & Siobhan Hughes
Current portion of convertible debentures, net	2,418	[2]
Morano LLC
Current portion of convertible debentures, net	33,320	[1]
Susan Schneider
Current portion of convertible debentures, net	10,594	[2]
Viridis Capital LLC
Current portion of convertible debentures, net	100,000	[4]
Related Party Debenture
Current portion of convertible debentures, net	96,917	[1]
Conversion Liabilities
Conversion liabilities	1,376,091
Gerova Debenture
Convertible debentures	$175,000
[1]	6% interest, no conversion discount.
[2]	6% interest, conversion at 90% of market.
[3]	0% interest, conversion at 90% of market.
[4]	6% interest, conversion at 50% of market.

Note_7_Debt_Obligations_Detail

Note 7 - Debt Obligations (Details) (USD $)	Mar. 31, 2015
Details
Principal convertible to common stock	$16,145,821

Note_7_Debt_Obligations_Schedu3

Note 7 - Debt Obligations: Schedule of Company's ability to fulfill its fixed debt service requirements (net of note discounts) (Details) (USD $)	Mar. 31, 2015
Minimum payments due under current and long term obligations	$17,512,866
2015
Minimum payments due under current and long term obligations	17,337,866
2018
Minimum payments due under current and long term obligations	$175,000

Note_7_Debt_Obligations_YA_Glo

Note 7 - Debt Obligations: YA Global Investments, L.P. (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Interest Expense	$222.93	$349,611
A And R Debenture
Debt Instrument, Face Amount	33,308,023			4,634,512
Debt Instrument, Interest Rate During Period	6.00%
Debt Instrument, Convertible, Terms of Conversion Feature	provides the holder with the right, but not the obligation, to convert any portion of the A&R Debenture into the Company’s common stock at a rate equal to the lesser of (a) $1.00 or (b) 90% of the lowest daily volume weighted average price of the Company’s common stock during the 20 consecutive trading days immediately preceding the conversion date. A holder of the A&R Debenture will not be permitted, however, to convert into a number of shares that would cause it to own more than 4.99% of the Company’s outstanding common shares
Cash paid towards the principal balance			4,529,500
Principal due assigned to equity holders			1,300,000
Long-term Debt, Fair Value			19,675,780
Decrease in Conversion Liability relating to Debenture	10,742
Carrying value of debenture	13,288,520
Carrying value of debenture, Principal portion	12,159,471
Current liability for conversion feature	1,129,049
Interest Expense	$181,201

Note_7_Debt_Obligations_YA_Cor

Note 7 - Debt Obligations: YA Corn Oil (Details) (USD $)	Dec. 31, 2013
Details
YA Corn Oil Promissory Note Amount	$1,295,302

Note_7_Debt_Obligations_Assign

Note 7 - Debt Obligations: Assignees of YA Global Investments, L.P. (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Interest Expense	$222.93	$349,611
A And R Debenture
Aggregate Balance	1,323,995
Aggregate Value				5,149,206
Debt Instrument, Face Amount	33,308,023			4,634,512
Carrying value of debenture	13,288,520
Interest Expense	181,201
AssigneeDebenturesMember
Carrying value of debenture			1,471,037
Interest Expense			$19,281

Note_7_Debt_Obligations_Minori

Note 7 - Debt Obligations: Minority Interest Fund (II), LLC - MIF Debenture (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2010	Sep. 30, 2011	Apr. 30, 2013
Interest Expense	$222.93	$349,611
MIF Debenture
Debt Instrument, Face Amount			3,988,326
Viridis 2010 Debenture
Debt Instrument, Face Amount			518,308
MIFDebentureMember
Debt Instrument, Face Amount				3,017,061
Accrued interest eliminated and contributed				502,086
Principal eliminated and contributed				1,065,308
Debt Instrument Balance	2,257,118
Viridis Debenture
Debt Instrument, Face Amount				237,939	477,273
Convertible Debt					250,000
Portion of Debenture Reassigned to a Related Party	150,000
Reduction of Fair Value	136,364
Accretion Expense	6,061
Carrying value of debenture	200,000
Carrying value of debenture, Principal portion	100,000
Interest Expense	$1,479

Note_7_Debt_Obligations_Gerova

Note 7 - Debt Obligations: Gerova - Gerova Debenture (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2012
Interest Expense	$222.93	$349,611
Gerova Debenture
Debt Instrument, Face Amount			175,000
Debt Instrument, Description			Gerova Asset Back Holdings, LP (“Gerova” and the “Gerova Debenture”)
Debt Instrument, Convertible, Terms of Conversion Feature			Gerova shall have the right, but not the obligation, to convert any portion of the convertible debenture into the Company’s common stock at a rate equal to 100% of the closing market price for the Company’s common stock for the day preceding the conversion date
Carrying value of debenture	175,000
Interest Expense	$863

Note_7_Debt_Obligations_Morano

Note 7 - Debt Obligations: Morano - Morano Debenture (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Interest Expense	$222.93	$349,611
Morano Debenture
Debt Instrument, Face Amount			200,000
Debt Instrument, Description			Nicholas J. Morano, LLC (“Morano” and the “Morano Debenture”)
Debt Instrument, Convertible, Terms of Conversion Feature			Morano shall have the right, but not the obligation, to convert any portion of the accrued interest into the Company’s common stock at 100% of the market price for the Company’s common stock at the time of conversion
Carrying value of debenture			33,320
Interest Expense	$493

Note_9_Stockholders_Equity_Ser

Note 9 - Stockholders' Equity: Series B Preferred Stock (Details) (Class B Preferred Stock)	Mar. 31, 2015	Dec. 31, 2014
Class B Preferred Stock
Convertible preferred stock shares outstanding	2,480,544	2,480,544
Convertible preferred stock shares issued	2,480,544	2,480,544

Note_9_Stockholders_Equity_Ser1

Note 9 - Stockholders' Equity: Series D Preferred Stock (Details) (Series D Preferred Stock, USD $)	Mar. 31, 2015
Preferred Stock, Par or Stated Value Per Share	$0.00
MinorityInterestFundIILLCMember
Convertible preferred stock shares issued	62,500
Convertible preferred stock shares outstanding	41,034
Viridis Debenture
Convertible preferred stock shares issued	800,000
Acutus Capital LLC
Convertible preferred stock shares outstanding	124,875

Note_9_Stockholders_Equity_Ser2

Note 9 - Stockholders' Equity: Series F Preferred Stock (Details) (Series F Preferred Stock, Cantrell Winsness Technologies LLC, USD $)	3 Months Ended
	Mar. 31, 2015	Jan. 01, 2010
Series F Preferred Stock | Cantrell Winsness Technologies LLC
Preferred Stock, Redemption Terms	The Series F preferred shares are redeemable at face value and a rate equal to the amount royalties paid or prepaid under the TAA. In addition, the Sellers have the right to convert the Series F preferred shares to pay or prepay royalties at a rate equal to the cash proceeds received by the Sellers upon sale of the common shares issued upon conversion Series F preferred shares.
Preferred Stock		$925,926
Present Value of Conversion Feature		428,381
Expense for accretion of present value of conversion liability	12,833
Estimated settlement value at June 10, 2020	$479,973

Note_9_Stockholders_Equity_Com

Note 9 - Stockholders' Equity: Common Stock (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Details
Common stock issued during period	647,556,096	15,105,067
Shares converted to Common Stock, Value	$128,321	$338,488

Note_10_Commitments_and_Contin1

Note 10 - Commitments and Contingencies (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Insurance Deductible	$2,500
Insurance Policy Limit per Occurrence	1,000,000
Insurance Policy Limit aggregate	2,000,000
Max v. GS Agrifuels Corp
Litigation Settlement, Amount		325,000
Long Side Ventures and Sunny Isles Ventures, LLC v. GreenShift
Litigation Settlement, Amount		400,000
GoldenTechnologyManagementLlcEtAlVNextgenAcquisitionIncEtAlMember
Damages Sought	$5,200,000

Note_11_Related_Party_Transact1

Note 11 - Related Party Transactions (Details) (MinorityInterestFundIILLCMember)	3 Months Ended
	Mar. 31, 2015
MinorityInterestFundIILLCMember
Nature of Common Ownership or Management Control Relationships	The managing member of MIF is a relative of the Company’s chairman

Note_12_Supplemental_Disclosur2

Note 12 - Supplemental Disclosure of Cash Flow Information: Schedule of Cash Flow, Supplemental Disclosures (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Details
Debentures converted into common stock	$128,321	$338,488
ChangeInConversionLiabilitiesDueToConversionOfDebt	$15,793	$56,167