Puget (PUGE) 10-Q/A 23 Sep 15 2015 Q3 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - USD ($)	9 Months Ended
	Jul. 31, 2015	Apr. 30, 2015
Document and Entity Information:
Entity Registrant Name	PUGET TECHNOLOGIES, INC.
Document Type	10-Q
Document Period End Date	Jul. 31, 2015
Trading Symbol	puge
Amendment Flag	false
Entity Central Index Key	1,540,615
Current Fiscal Year End Date	--10-31
Entity Common Stock, Shares Outstanding	79,991,409
Entity Public Float		$ 705,000
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	2,015
Document Fiscal Period Focus	Q3
Entity Incorporation, State Country Name	Nevada, U.S
Entity Incorporation, Date of Incorporation	Mar. 17, 2010

STATEMENT OF FINANCIAL POSITION

STATEMENT OF FINANCIAL POSITION - USD ($)	Jul. 31, 2015	Oct. 31, 2014
Assets, Current
Cash	$ 15,484	$ 7,879
Assets, Current	15,484	7,879
Other Assets
Computer Hardware	19,800	0
Assets - Other	11,835	0
Travel Software Platform	280,000	0
Total Other Assets	311,635	0
Total Assets	327,119	7,879
Current Liabilities:
Accounts payable and accrued expenses	11,180	108,129
Accrued Interest	128,342	68,100
Advance From Officer	103,000	0
Notes Payable	923,252	775,000
Total Current Liabilities	$ 1,165,774	$ 951,229
STOCKHOLDERS' EQUITY
Common Stock, shares authorized	110,000,000	110,000,000
Common Stock, par value	$ 0.001	$ 0.001
Common Stock, shares issued and outstanding	81,256,979	42,620,000
Additional Paid in Capital - Common Stock	$ 81,256	$ 42,620
Paid in Capital at Par - Common Stock	684,722	6,409
Accumulated Deficit	(1,604,633)	(992,379)
Stockholders' Equity	(838,655)	(943,350)
Total Liabilities and Equity	$ 327,119	$ 7,879

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Income Statements
Sales	$ 1,076	$ 0	$ 1,076	$ 0
Cost of Sales	0	0	0	0
Gross Profit	1,076	0	1,076	0
General and administrative expenses:
Wages and Salaries	24,842	0	220,958	0
Consulting expenses	41,500	0	123,779	0
Interest expense	133,584	21,483	204,778	39,820
Professional fees	10,112	34,687	45,632	127,271
Marketing and advertising	591	4,567	1,107	0
Research & development	55,439	0	83,850	0
Other	19,442	0	46,475	21,560
Total Operating Expenses	285,510	60,737	726,579	188,651
Income From Operations	(284,434)	(60,737)	(725,503)	(188,651)
Other Income (Expense)
Debt Settlement	0	0	91,949	0
Loss From Continuing Operations	(284,434)	(60,737)	(633,554)	(188,651)
Loss From Discontinued Operations	0	(144,437)	0	(483,986)
Loss Before Taxes	(284,434)	(205,174)	(633,554)	(672,637)
Provision for taxes	0	0	0	0
Net Income (Loss)	$ (284,434)	$ (205,174)	$ (633,554)	$ (672,638)
Weighted average shares	77,498,991	42,520,000	58,649,506	42,520,000
Basic loss per share	$ 0	$ 0	$ (0.01)	$ (0.01)

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Net Cash Provided by (Used in) Operating Activities
Net Income (Loss)	$ (633,554)	$ (672,638)
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities
Accretion of OID	1,752	0
Debt Extingusihment Interest	99,105	0
Share based - compensation	0	21,300
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities	100,857	21,300
Increase (Decrease) in Assets and Operating Liabilities
Other Assets - Net	(11,835)	0
Inventory	0	(2,560)
Accounts payable and accrued liabilities	(96,949)	0
Interest Accrued	96,087	39,819
Increase (Decrease) in Operating Liabilities	(12,697)	37,259
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities	88,160	58,559
Net Cash Provided by (Used in) Operating Activities	(545,395)	(614,079)
Net Cash Provided by (Used in) Investing Activities
Purchase of Asset	(100,000)	0
Net Cash Provided by (Used in) Investing Activities	(100,000)	0
Net Cash Provided by (Used in) Financing Activities
Proceeds of Shares sold to officer	200,000	0
Advances from Officers	103,000	157
Payments of Notes Payable	(124,000)	650,000
Proceeds from Notes Payable	474,000	0
Net Cash Provided by (Used in) Financing Activities	653,000	650,157
Net Increase in Cash	7,605	36,078
Cash, Start of Period	7,879	13,572
Cash, End of Period	$ 15,484	$ 49,650

STATEMENT OF CASH FLOWS, SUPPLE

STATEMENT OF CASH FLOWS, SUPPLEMENTAL DISCLOSURES - USD ($)	9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS
Cash paid for interest	$ 7,834	$ 0
Cash paid for taxes	0	0
SUPPLEMENTAL; NON-CASH TRANSACTION DISCLOSURES
Shares cancelled	21,300	0
Assets Purchased with Shares	199,800	0
Shares for debt conversion	239,345	0
Debt Settlement	$ 91,949	$ 0

Note 1. Organization and Busine

Note 1. Organization and Business Operations	9 Months Ended
	Jul. 31, 2015
Notes
Note 1. Organization and Business Operations	NOTE 1: ORGANIZATION AND BUSINESS OPERATIONS PUGET TECHNOLOGIES, INC. (“the Company”) was incorporated under the laws of the State of Nevada, U.S. on March 17, 2010. Our business has been developing and selling leading edge consumer oriented products ready for rapid commercialization however in January 2015 we acquired the assets of a travel technology company and now include that business in our business plan. Much of our resources are dedicated to research and development in order to provide consumers with quality options while meeting the expectations of its investors. The Company has generated limited revenue to date and consequently its operations are subject to all risks inherent in the establishment of a new business enterprise. For the period from inception on March 17, 2010 through July 31, 2015 the Company has an accumulated deficit of $1,505,530.

Note 2. Summary of Significant

Note 2. Summary of Significant Accounting Policies	9 Months Ended
	Jul. 31, 2015
Notes
Note 2. Summary of Significant Accounting Policies	NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. Principles of Consolidation The accompanying consolidated financial statements represent the consolidated financial position and results of operations of the Company and include the accounts and results of operations of the Company and its subsidiaries. The accompanying consolidated financial statements include the active entity of Puget Technologies, Inc. and its wholly owned subsidiaries, Weistek USA and Puget Travel Subsidiary Corporation. The Company has relied upon the guidance provided by ASC Topic NO.810-10-15-3. Going Concern The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $1,505,530 as of July 31, 2015 and further losses are anticipated in the development of its business raising substantial doubt about the Company's ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors or third parties and or private placement of common stock. Cash and Cash Equivalents The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. The Company had $15,484 and $7,879cash and cash equivalents as of July 31, 2015 and October 31, 2014. Use of Estimates and Assumptions The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements as well as the reported amount of revenues and expenses during the reporting period. The Company’s significant estimates and assumptions include the fair value of financial instruments; revenue recognized or recognizable; sales returns and allowances; income tax rate, income tax provision; and the assumption that the Company will be a going concern. Those significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to those estimates or assumptions, and certain estimates or assumptions are difficult to measure or value. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable in relation to the financial statements taken as a whole under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Management regularly evaluates the key factors and assumptions used to develop the estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such evaluations, if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates. Foreign Currency Translation The Company's functional currency and its reporting currency is the United States dollar. Fair Value of Financial Instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in generally accepted accounting principles (GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 PPricing inputs that are generally observable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. The carrying amounts of the Company’s financial assets and liabilities, such as cash, income tax payable and accrued expenses, approximate their fair values because of the short maturity of these instruments. Transactions involving related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm's-length transactions unless such representations can be substantiated. It is not, however, practical to determine the fair value of advances from stockholder, if any, due to their related party nature. Related Parties The Company follows subtopic 850-10 of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions. Pursuant to Section 850-10-20 the related parties include: a. affiliates of the Company; b. entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825–10–15, to be accounted for by the equity method by the investing entity; c. trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; d. principal owners of the Company; e. management of the Company; f. other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g. other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests. The financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of consolidated or combined financial statements is not required in those statements. The disclosures shall include: a. the nature of the relationship(s) involved; b. description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c. the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d. amounts due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement. Stock-based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options. Income Taxes The Company follows Section 740-10-30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Operations in the period that includes the enactment date. The Company adopted section 740-10-25 of the FASB Accounting Standards Codification (“Section 740-10-25”). Section 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. Uncertain Tax Positions The Company did not take any uncertain tax positions and had no adjustments to the unrecognized tax liabilities or benefits pursuant to the provisions of Section 740-10-25 for the quarter ended July 31, 2015. Inventories Inventories are stated at the lower of cost or market. The cost for inventories is determined using the first-in, first-out method. The cost includes all expenditures incurred in bringing the goods to the point of sale and putting them in a sellable condition. In assessing the ultimate realization of inventories, the management makes judgments as to future demand requirements compared to current or committed inventory levels. The Company estimates the demand requirements based on market conditions, forecasts prepared by its customers, sales contracts and orders in hand. In addition, the Company estimates net realizable value based on intended use, current market value and inventory aging analyses. The Company writes down inventories for estimated obsolescence or unmarketable inventory equal to the difference between the cost of inventories and their estimated market value based upon assumptions about future demand and market conditions. There was zero recorded value for inventory at July 31, 2015 and zero at October 31, 2014 . Basic and Diluted Loss Per Share The Company computes loss per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. The Company has no potential dilutive instruments and accordingly basic loss and diluted loss per share are equal. Fiscal Periods The Company's fiscal year end is October 31. Recent accounting pronouncements The Financial Accounting Standards Board (“FASB”) periodically issues new accounting standards in a continuing effort to improve standards of financial accounting and reporting. The Company has reviewed the recently issued pronouncements. During this review the Company decided to early adopt ASU 2014-10 which eliminates the definition of a development stage entity, eliminates the development stage presentation and disclosure requirements under ASC 915, and amends provisions of existing variable interest entity guidance under ASC 810. Advertising The Company follows the policy of charging the costs of advertising to expenses incurred. The Company incurred $1,107and $0 in advertising costs during the nine month period ending July 31, 2015 and 2014, respectively. Revenue Recognition Revenue from travel commissions are recognized as earned. Reclassifications Prior period financial statement amounts have been reclassified to conform to current period presentation.

Note 3_ Convertible Redeemable

Note 3: Convertible Redeemable Notes	9 Months Ended
	Jul. 31, 2015
Notes
Note 3: Convertible Redeemable Notes	NOTE 3: CONVERTIBLE REDEEMABLE NOTES A summary of convertible redeemable notes for the nine-month period ended July 31, 2015 is as follows: NOTE BALANCE OCTOBER 31, 2014 ADDITIONAL BORROWING CONVERSION OR PAYMENTS BALANCE JULY 31, 2015 ACQUISITION PAYABLE $ - $ 75,000 $ 75,000 $ - CONVERTIBLE REDEEMABLE NOTE - # 1 - 75,000 75,000 CONVERTIBLE REDEEMABLE NOTE - # 2 - 51,752 8,500 43,252 CONVERTIBLE REDEEMABLE NOTE - # 3 - 50,000 50,000 CONVERTIBLE REDEEMABLE NOTE - # 4 - 75,000 75,000 CONVERTIBLE REDEEMABLE NOTE - # 5 - 50,000 50,000 CONVERTIBLE REDEEMABLE NOTE - # 6 - 50,000 20,000 30,000 CONVERTIBLE REDEEMABLE NOTE - # 7 775,000 - 175,000 600,000 CONVERTIBLE REDEEMABLE NOTE - # 8 - 49,000 49,000 - TOTAL $775,000 $475,752 $327,500 $923,252 Proceeds from Notes Payable - Cash $474,000 Original Issue Discount $1,752 CONVERTIBLE REDEEMABLE NOTE # 1 On February 2, 2015, the Company issued an unsecured 8% Convertible Redeemable Note # 1, in the amount of $75,000, which is due January 30, 2016 with interest on the unpaid principal balance thereof at the rate of eight percent (8%) per annum until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise (ADAR). The principal and any accrued interest is convertible into shares of common stock at the discretion of the note holder. The conversion price (the “Conversion Price”) shall equal 57.5% multiplied by the Market Price (as defined therein) (representing a discount rate of 42.5%). The Company may prepay the amounts outstanding hereunder pursuant to the terms and conditions however after the expiration of one hundred eighty (180) following the date of the note, the Company shall have no right of prepayment. As of July 31, 2015, the Company had accrued interest of $3,000 for this note. A beneficial conversion feature was valued however the amounts of this feature were not considered material to the financial statements taken as a whole. CONVERTIBLE REDEEMABLE NOTE # 2 On February 2, 2015, Puget Technologies, Inc (the "Company") finalized a Convertible Redeemable Note #2 in the amount of $53,500, which is due January 28, 2016 with interest on the unpaid principal balance thereof at the rate of eight percent (8%) per annum until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. The principal and any accrued interest is convertible into shares of common stock at the discretion of the note holder. The conversion price (the “Conversion Price”) shall equal 54% multiplied by the Market Price (as defined therein) (representing a discount rate of 46%). The Company may prepay the amounts outstanding hereunder pursuant to the terms and conditions however after the expiration of one hundred eighty (180) following the date of the note, the Company shall have no right of prepayment. During the third fiscal quarter of 2015, a total of $8,500 in principal was converted into common shares and OID was amortized $876 leaving a balance due of $43,252 as of July 31, 2015. In addition $1,798.79 in accrued interest remains unpaid as of July 31, 2015. A beneficial conversion feature was valued however the amounts of this feature were not considered material to the financial statements taken as a whole. CONVERTIBLE REDEEMABLE NOTE # 3 On February 2, 2015, Puget Technologies, Inc (the "Company") finalized a Convertible Debenture Note # 3 in the amount of $50,000, which is due February 5, 2016 with interest on the unpaid principal balance thereof at the rate of eight percent (8%) per annum until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. The principal and any accrued interest is convertible into shares of common stock at the discretion of the note holder. The conversion price (the “Conversion Price”) shall equal 50% multiplied by the Market Price (as defined therein) (representing a discount rate of 50%). The Company may prepay the amounts outstanding hereunder pursuant to the terms and conditions of the note. As of July 31, 2015, the Company had accrued interest of $2,000 for this note. A beneficial conversion feature was valued however the amounts of this feature were not considered material to the financial statements taken as a whole. CONVERTIBLE REDEEMABLE NOTE # 4 On February 2, 2015, Puget Technologies, Inc (the "Company") finalized an 8% Convertible Redeemable Note # 4 in the amount of $75,000, which is due January 30, 2016 with interest on the unpaid principal balance thereof at the rate of eight percent (8%) per annum until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. The principal and any accrued interest is convertible into shares of common stock at the discretion of the note holder. The conversion price (the “Conversion Price”) shall equal 57.5% multiplied by the Market Price (as defined therein) (representing a discount rate of 42.5%). The Company may prepay the amounts outstanding hereunder pursuant to the terms and conditions however after the expiration of one hundred eighty (180) following the date of the note, the Company shall have no right of prepayment. As of July 31, 2015, the Company had accrued interest of $3,000 for this note. A beneficial conversion feature was valued however the amounts of this feature were not considered material to the financial statements taken as a whole. CONVERTIBLE REDEEMABLE NOTE # 5 On February 27, 2015, Puget Technologies, Inc (the "Company") finalized a Convertible Promissory Note # 5 in the amount of $50,000, which is due December 3, 2015 with interest on the unpaid principal balance thereof at the rate of eight percent (8%) per annum until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. The principal and any accrued interest is convertible into shares of common stock at the discretion of the note holder. The conversion price (the “Conversion Price”) shall equal 58% multiplied by the Market Price (as defined therein) (representing a discount rate of 42%). The Company may prepay the amounts outstanding hereunder pursuant to the terms and conditions however after the expiration of one hundred eighty (180) following the date of the note, the Company shall have no right of prepayment. As of July 31, 2015, the Company had accrued interest of $1,667 for this note. A beneficial conversion feature was valued however the amounts of this feature were not considered material to the financial statements taken as a whole. CONVERTIBLE REDEEMABLE NOTE # 6 On January 28, 2015, the Company issued an unsecured 6 month, non-interest bearing Convertible Promissory Note # 6, due on July 28, 2015 for $50,000. The principal and any accrued interest is convertible into shares of common stock at the discretion of the note holder. The conversion price (the “Conversion Price”) shall equal 55% multiplied by the Market Price (as defined therein) (representing a discount rate of 45%). The Company may prepay the amounts outstanding hereunder pursuant to the terms and conditions however after the expiration of one hundred eighty (180) following the date of the note, the Company shall have no right of prepayment. During the third fiscal quarter of 2015, a total of $20,000 in principal was converted into common shares leaving a balance of $30,000 as of July 31, 2015. In addition 1,996 in accrued interest remains unpaid as of July 31, 2015. A beneficial conversion feature was valued however the amounts of this feature were not considered material to the financial statements taken as a whole. CONVERTIBLE REDEEMABLE NOTE # 7 In 2013, the Company entered into a Master Credit Agreement, Note # 7, under which $775,000 was advanced to the Company. Funds advanced under the terms of that note bear interest at 12% for the first year from advancement and 18% thereafter. The notes were acquired by an unaffiliated party at the time of the change of control. In February 2015, the note was amended to allow for conversion of balances from time to time into common shares of the Company. The note converts as follows: The conversion price (the “Conversion Price”) shall equal the Variable Conversion Price (as defined herein) (subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events). The "Variable Conversion Price" shall mean 58% multiplied by the Market Price (as defined herein) (representing a discount rate of 42%). “Market Price” means the average of the lowest three (3) Trading Prices (as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the price at which trades occurred on the Over-the-Counter Bulletin Board, Pink Sheets electronic quotation system or applicable trading market (the “OTC”) as reported by OTC Markets on their website or, if the OTC is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets”. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTC, or on the principal securities exchange or other securities market on which the Common Stock is then being traded. In all cases, the Conversion Price cannot be below a floor price of $.0005 per share. During the second fiscal quarter of 2015, a total of $125,000 in principal was converted into common shares, leaving a balance due of $650,000 at April 30, 2015. During the third fiscal quarter of 2015, a total of $50,000 in principal was converted into common shares, leaving a balance due of $600,000 at July 31, 2015. In additional, $114,880 in accrued interest remains unpaid at July 31, 2015. CONVERTIBLE REDEEMABLE NOTE # 8 On December 19, 2014, Puget Technologies, Inc (the "Company") finalized a Convertible Promissory Note with KBM Worldwide, Inc. in the amount of $49,000, which was originally due September 18, 2015 with interest on the unpaid principal balance thereof at the rate of eight percent (8%) per annum until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. The note was paid off in full in cash on February 3, 2015.

Note 4_ Common Stock

Note 4: Common Stock	9 Months Ended
	Jul. 31, 2015
Notes
Note 4: Common Stock	NOTE 4: COMMON STOCK The authorized capital of the Company is 110,000,000 common shares; par value $0.001 per share. Common stock transactions during the nine-month period ended July 31, 2015 are as follows: In the first quarter of fiscal 2015 2,000,000 common shares were issued as part of the purchase price of to acquire the travel software platform and related hardware. In the second quarter of fiscal 2015, the following common stock transactions occurred: 2,094,318 shares were issued to convert $60,937 in debt ($50,000) plus accrued interest ($10,937). 20,000 shares previously issued to a consultant were returned to the Company as part of a debt settlement agreement and the shares were cancelled. 25,000,000 shares were issued to an officer of the Company for $200,000 in cash. 4,297,091 shares were issued to convert $89,802 in debt ($75,000) plus accrued interest ($14,802). In the third quarter of fiscal 2015, the following common stock transactions occurred: 5,265,570 shares were issued to convert $88,606 in debt ($78,500) plus accrued interest ($10,788).

Note 5_ Related Party Transacti

Note 5: Related Party Transactions	9 Months Ended
	Jul. 31, 2015
Notes
Note 5: Related Party Transactions	NOTE 5: RELATED PARTY TRANSACTIONS In the second fiscal quarter the Company issued 25,000,000 common shares of stock to an officer of the Company in exchange for $200,000 in cash. In the third fiscal quarter there were advances from an officer of $103,000, with no specific repayment terms.

Note 6_ Acquisition of Travel S

Note 6: Acquisition of Travel Software Platform	9 Months Ended
	Jul. 31, 2015
Notes
Note 6: Acquisition of Travel Software Platform	NOTE 6: ACQUISITION OF TRAVEL SOFTWARE PLATFORM On January 30, 2014, the Company finalized an Asset Purchase Agreement with Travel Time Technologies Inc. and Leisure Logic Systems Inc.. The assets consist primarily of a travel software platform and related hardware. There was no prior relationship between the Company and the sellers. As consideration, sellers was paid $100,000 in cash in three payments and 2,000,000 shares of the Company's common stock. $25,000 was paid in cash at closing and $75,000 was recorded as a note payable, which was paid during the second fiscal quarter of 2015. There was no stated interest rate and no interest has been imputed due to the short term nature of the debt. The shares given in consideration were valued at the closing price per share of $.0999 on the date of closing for a total of $199,800; consequently the total value of the consideration was $299,800. The Company allocated the purchase price of the assets to Software Platform - $280,000 and Computer hardware - $19,800 in the accompanying financial statements. The Company has relied upon the guidance provided by ASC Topic NO.350.40.30 The Company has recorded fixed assets of computer software and hardware of $299,800 at July 31, 2015, which is not yet being amortized or depreciated until substantial revenue commences.

Note 7_ Debt Settlement

Note 7: Debt Settlement	9 Months Ended
	Jul. 31, 2015
Notes
Note 7: Debt Settlement	NOTE 7: DEBT SETTLEMENT As of March 31, 2015, the Company had an account payable to a vendor in the amount of $50,000. During the first quarter of fiscal 2015, the Company reached a settlement with that vendor which requires no payment on the account payable, therefore the Company has recorded a debt settlement gain. In the second quarter, the Company settled an account payable of $46,949 that was shown on the balance sheet as of January 31, 2015. The terms of the settlement were that the Company paid the former consultant a one-time cash payment of $5,000 in return for the release of any other amounts possible due under the consulting agreement and a return by the Consultant of 20,000 shares of Puget common stock which had previously been delivered to the Consultant. The 20,000 shares returned were cancelled and returned to authorized but unissued shares.

Note 8_ Other Assets

Note 8: Other Assets	9 Months Ended
	Jul. 31, 2015
Notes
Note 8: Other Assets	NOTE 8: OTHER ASSETS On February 28 th In March, 2015 the Company paid OTC Marketing, Inc. an annual fee of $10,000 for inclusion in their reporting site during the March 2015 to February 2016 reporting year. The fee is being amortized monthly over the course of the year at $833 per month. On July 31, 2015 the Company had recorded a prepaid asset of $5,835.

Note 9_ Subsequent Events

Note 9: Subsequent Events	9 Months Ended
	Jul. 31, 2015
Notes
Note 9: Subsequent Events	NOTE 9: SUBSEQUENT EVENTS The Company has evaluated all events that occurred after the balance sheet date through the date when the financial statements were issued to determine if they must be reported. There were no material subsequent events through September 21, 2015 which needed to be disclosed in the accompanying financial statements other than there were 22,959,513 common shares issued to convertible note holders in exchange for $90,795 principal and interest through September 21, 2015.

Note 10_ Discontinued Operation

Note 10: Discontinued Operations	9 Months Ended
	Jul. 31, 2015
Notes
Note 10: Discontinued Operations	NOTE 10: DISCONTINUED OPERATIONS In the third quarter of fiscal 2015, the Company decided to discontinue the old 3D printer business, as such, the results of that business has been classified as Discontinued Operations on the accompanying Statement of Operations. There were no assets disposed related to the discontinued operations nor was any gain or loss on disposal or income tax benefit recorded. There is no significant continuing involvement anticipated related to the discontinued operation. A reconciliation of the line items constituting discontinued operations is as follows: THREE MONTHS ENDED NINE MONTHS ENDED JULY 31, JULY 31, 2014 2014 REVENUE $ 41,930 $ 41,930 EXPENSES COST OF SALES 46,247 46,247 PAYMENTS TO OFFICERS 40,000 62,500 CONSULTING FEES 63,408 174,862 MARKETING 27,310 159,001 OTHER GENERAL EXPENSES 9,402 83,306 TOTAL 140,120 479,669 INCOME FROM DISCONTINUED OPERATIONS $ (144,437) $ (483,986) Section 205-20-50-5B of Accounting Standards Update 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity requires the following disclosure related to the cash flows of the discontinued operations: THREE AND THREE AND NINE NINE MONTHS MONTHS ENDED ENDED JULY 31, JULY 31, 2015 2014 DEPRECIATION $ - $ - AMORTIZATION $ - $ - CAPITAL EXPENDITURES $ - $ - SIGNIFICANT NON-CASH TRANSACTIONS OPERATING $ - $ - INVESTING $ - $ -

Note 2. Summary of Significan16

Note 2. Summary of Significant Accounting Policies: Basis of Presentation (Policies)	9 Months Ended
	Jul. 31, 2015
Policies
Basis of Presentation	Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.

Note 2. Summary of Significan17

Note 2. Summary of Significant Accounting Policies: Principles of Consolidation (Policies)	9 Months Ended
	Jul. 31, 2015
Policies
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements represent the consolidated financial position and results of operations of the Company and include the accounts and results of operations of the Company and its subsidiaries. The accompanying consolidated financial statements include the active entity of Puget Technologies, Inc. and its wholly owned subsidiaries, Weistek USA and Puget Travel Subsidiary Corporation. The Company has relied upon the guidance provided by ASC Topic NO.810-10-15-3.

Note 2. Summary of Significan18

Note 2. Summary of Significant Accounting Policies: Going Concern (Policies)	9 Months Ended
	Jul. 31, 2015
Policies
Going Concern	Going Concern The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $1,505,530 as of July 31, 2015 and further losses are anticipated in the development of its business raising substantial doubt about the Company's ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors or third parties and or private placement of common stock.

Note 2. Summary of Significan19

Note 2. Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)	9 Months Ended
	Jul. 31, 2015
Policies
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. The Company had $15,484 and $7,879cash and cash equivalents as of July 31, 2015 and October 31, 2014.

Note 2. Summary of Significan20

Note 2. Summary of Significant Accounting Policies: Use of Estimates and Assumptions (Policies)	9 Months Ended
	Jul. 31, 2015
Policies
Use of Estimates and Assumptions	Use of Estimates and Assumptions The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements as well as the reported amount of revenues and expenses during the reporting period. The Company’s significant estimates and assumptions include the fair value of financial instruments; revenue recognized or recognizable; sales returns and allowances; income tax rate, income tax provision; and the assumption that the Company will be a going concern. Those significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to those estimates or assumptions, and certain estimates or assumptions are difficult to measure or value. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable in relation to the financial statements taken as a whole under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Management regularly evaluates the key factors and assumptions used to develop the estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such evaluations, if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates.

Note 2. Summary of Significan21

Note 2. Summary of Significant Accounting Policies: Foreign Currency Translation (Policies)	9 Months Ended
	Jul. 31, 2015
Policies
Foreign Currency Translation	Foreign Currency Translation The Company's functional currency and its reporting currency is the United States dollar.

Note 2. Summary of Significan22

Note 2. Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies)	9 Months Ended
	Jul. 31, 2015
Policies
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in generally accepted accounting principles (GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 PPricing inputs that are generally observable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. The carrying amounts of the Company’s financial assets and liabilities, such as cash, income tax payable and accrued expenses, approximate their fair values because of the short maturity of these instruments. Transactions involving related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm's-length transactions unless such representations can be substantiated. It is not, however, practical to determine the fair value of advances from stockholder, if any, due to their related party nature.

Note 2. Summary of Significan23

Note 2. Summary of Significant Accounting Policies: Related Parties (Policies)	9 Months Ended
	Jul. 31, 2015
Policies
Related Parties	Related Parties The Company follows subtopic 850-10 of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions. Pursuant to Section 850-10-20 the related parties include: a. affiliates of the Company; b. entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825–10–15, to be accounted for by the equity method by the investing entity; c. trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; d. principal owners of the Company; e. management of the Company; f. other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g. other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests. The financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of consolidated or combined financial statements is not required in those statements. The disclosures shall include: a. the nature of the relationship(s) involved; b. description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c. the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d. amounts due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.

Note 2. Summary of Significan24

Note 2. Summary of Significant Accounting Policies: Stock-based Compensation (Policies)	9 Months Ended
	Jul. 31, 2015
Policies
Stock-based Compensation	Stock-based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

Note 2. Summary of Significan25

Note 2. Summary of Significant Accounting Policies: Income Taxes (Policies)	9 Months Ended
	Jul. 31, 2015
Policies
Income Taxes	Income Taxes The Company follows Section 740-10-30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Operations in the period that includes the enactment date. The Company adopted section 740-10-25 of the FASB Accounting Standards Codification (“Section 740-10-25”). Section 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures.

Note 2. Summary of Significan26

Note 2. Summary of Significant Accounting Policies: Uncertain Tax Positions (Policies)	9 Months Ended
	Jul. 31, 2015
Policies
Uncertain Tax Positions	Uncertain Tax Positions The Company did not take any uncertain tax positions and had no adjustments to the unrecognized tax liabilities or benefits pursuant to the provisions of Section 740-10-25 for the quarter ended July 31, 2015.

Note 2. Summary of Significan27

Note 2. Summary of Significant Accounting Policies: Inventories (Policies)	9 Months Ended
	Jul. 31, 2015
Policies
Inventories	Inventories Inventories are stated at the lower of cost or market. The cost for inventories is determined using the first-in, first-out method. The cost includes all expenditures incurred in bringing the goods to the point of sale and putting them in a sellable condition. In assessing the ultimate realization of inventories, the management makes judgments as to future demand requirements compared to current or committed inventory levels. The Company estimates the demand requirements based on market conditions, forecasts prepared by its customers, sales contracts and orders in hand. In addition, the Company estimates net realizable value based on intended use, current market value and inventory aging analyses. The Company writes down inventories for estimated obsolescence or unmarketable inventory equal to the difference between the cost of inventories and their estimated market value based upon assumptions about future demand and market conditions. There was zero recorded value for inventory at July 31, 2015 and zero at October 31, 2014 .

Note 2. Summary of Significan28

Note 2. Summary of Significant Accounting Policies: Basic and Diluted Loss Per Share (Policies)	9 Months Ended
	Jul. 31, 2015
Policies
Basic and Diluted Loss Per Share	Basic and Diluted Loss Per Share The Company computes loss per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. The Company has no potential dilutive instruments and accordingly basic loss and diluted loss per share are equal.

Note 2. Summary of Significan29

Note 2. Summary of Significant Accounting Policies: Fiscal Periods (Policies)	9 Months Ended
	Jul. 31, 2015
Policies
Fiscal Periods	Fiscal Periods The Company's fiscal year end is October 31.

Note 2. Summary of Significan30

Note 2. Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies)	9 Months Ended
	Jul. 31, 2015
Policies
Recent Accounting Pronouncements	Recent accounting pronouncements The Financial Accounting Standards Board (“FASB”) periodically issues new accounting standards in a continuing effort to improve standards of financial accounting and reporting. The Company has reviewed the recently issued pronouncements. During this review the Company decided to early adopt ASU 2014-10 which eliminates the definition of a development stage entity, eliminates the development stage presentation and disclosure requirements under ASC 915, and amends provisions of existing variable interest entity guidance under ASC 810.

Note 2. Summary of Significan31

Note 2. Summary of Significant Accounting Policies: Advertising (Policies)	9 Months Ended
	Jul. 31, 2015
Policies
Advertising	Advertising The Company follows the policy of charging the costs of advertising to expenses incurred. The Company incurred $1,107and $0 in advertising costs during the nine month period ending July 31, 2015 and 2014, respectively.

Note 2. Summary of Significan32

Note 2. Summary of Significant Accounting Policies: Revenue Recognition (Policies)	9 Months Ended
	Jul. 31, 2015
Policies
Revenue Recognition	Revenue Recognition Revenue from travel commissions are recognized as earned.

Note 2. Summary of Significan33

Note 2. Summary of Significant Accounting Policies: Reclassifications (Policies)	9 Months Ended
	Jul. 31, 2015
Policies
Reclassifications	Reclassifications Prior period financial statement amounts have been reclassified to conform to current period presentation.

Note 1. Organization and Busi34

Note 1. Organization and Business Operations (Details)	9 Months Ended
	Jul. 31, 2015
Details
Entity Incorporation, State Country Name	Nevada, U.S
Entity Incorporation, Date of Incorporation	Mar. 17, 2010

Note 2. Summary of Significan35

Note 2. Summary of Significant Accounting Policies: Cash and Cash Equivalents (Details) - USD ($)	Jul. 31, 2015	Oct. 31, 2014
Details
Cash	$ 15,484	$ 7,879

Note 2. Summary of Significan36

Note 2. Summary of Significant Accounting Policies: Inventories (Details) - USD ($)	Jul. 31, 2015	Oct. 31, 2014
Details
Inventory, Net	$ 0	$ 0

Note 2. Summary of Significan37

Note 2. Summary of Significant Accounting Policies: Advertising (Details) - USD ($)	9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Details
Advertising Expense	$ 1,107	$ 0

Note 3_ Convertible Redeemabl38

Note 3: Convertible Redeemable Notes (Details) - USD ($)	3 Months Ended	9 Months Ended
	Jul. 31, 2015	Jul. 31, 2015	Jul. 31, 2014	Oct. 31, 2014
Details
Convertible Debt	$ 923,252	$ 923,252		$ 775,000
Debt Instrument, Increase (Decrease), Other, Net		327,500
Proceeds from Notes Payable	$ 474,876	474,000	$ 0
Debt Issuance Costs Incurred During Noncash or Partial Noncash Transaction		$ 1,752