Sunvault Energy (SVLT) 10-Q/A 2 Apr 15 2014 Q1 Quarterly report (amended) Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	Feb. 03, 2015
Document And Entity Information
Entity Registrant Name	SunVault Energy, Inc.
Entity Central Index Key	1547716
Document Type	10-Q
Document Period End Date	31-Mar-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		110,211,947
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2014

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
Current assets:
Cash	$514,543	$547,288
Term deposits (Note 4)	13,571	14,102
Accounts receivable, net of allowance for doubtful accounts of $nil (December 31, 2013 - $nil) (Note 5)	846,552	987,267
Inventory	1,010,369	589,320
Due from related party (Note 12)	38,878	22,815
Prepaid expenses and deposits	161,919	76,681
Total current assets	2,585,832	2,237,473
License	30,000
Property and equipment (Note 6)	1,499,595	1,546,005
Goodwill	139,719	145,183
Total assets	4,255,146	3,928,661
Current liabilities:
Accounts payable and accrued liabilities (Note 12)	630,153	471,855
Current portion of long-term debt (Note 10)	150,063	155,932
Current portion of capital lease obligations (Note 11)	56,130	70,032
Deferred revenue	1,868,532	1,855,097
Convertible debt (Note 7)	22,167
Loans payable (Note 8)	1,262,481	1,194,886
Due to related parties (Note 12)	413,415	329,195
Total current liabilities	4,402,941	4,076,997
Site retirement obligation (Note 9)	68,986	71,684
Long-term debt (Note 10)	475,467	532,160
Capital lease obligations (Note 11)	27,451	38,749
Total long-term liabilities	571,904	642,593
Total liabilities	4,974,845	4,719,590
Stockholder's deficit
Common stock, 500,000,000 shares authorized, $0.001 par value 85,327,333 and 65,177,333 shares issued and outstanding, respectively	85,327	65,177
Additional paid-in capital	-3,357	-65,177
Accumulated other comprehensive income	106,875	75,791
Deficit	-1,391,081	-1,321,331
Total Sunvault Energy, Inc. stockholders' deficit	-1,202,236	-1,245,540
Non-controlling interest	482,537	454,611
Total stockholder's deficit	-719,699	-790,929
Total liabilities and stockholder's deficit	$4,255,146	$3,928,661

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Stockholders' equity
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	85,327,333	65,177,333
Common stock, shares outstanding	85,327,333	65,177,333

Statements_of_Operations_Unaud

Statements of Operations (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Revenue
Tire collections	$250,586	$459,802
Non-program service revenue	222,706	257,671
Non-program shred revenue	425,540	313,884
Recycling revenue	150,332	1,370
Scrap metal revenue	5,845	16,410
Services rig and software revenue	47,131	35,694
Total revenue	1,102,140	1,084,831
Direct costs
Amortization	48,930	77,763
Equipment rental and maintenance	104,195	107,082
Freight and transportation (Note 12)	307,466	467,534
Labour (Note 12)	159,070	133,728
Materials	59,729	20,521
Provision for costs to complete tire processing	83,405	53,766
Sales and marketing (Note 12)	1,513	15,657
Site operating costs	57,651	79,512
Total direct costs	821,959	955,563
Gross margin	280,181	129,268
Operating expenses
Administrative fees (Note 12)	33,986	33,035
Amortization	6,272	6,468
Consulting fees (Note 12)	59,060	73,422
Equipment rental and maintenance	11,141	13,031
Labour	37,556
Management fees (Note 12)	126,843	127,865
Office and miscellaneous	45,458	39,241
Professional fees	32,714	109,161
Rent (Note 12)	27,979	14,090
Travel and entertainment	22,967	19,031
Total operating expenses	403,976	435,344
Net loss	-123,795	-306,076
Net loss attributable to non-controlling interest	54,045	107,565
Net loss attributable to Sunvault Energy, Inc.	-69,750	-198,511
Foreign currency translation gain	31,084	29,767
Comprehensive loss attributable to Sunvault Energy, Inc.	($38,666)	($168,744)

Statements_of_Cash_Flows_Unaud

Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Operating activities
Net loss	($123,795)	($306,076)
Adjustments to reconcile net loss to net cash provided by operating activities:
Adjustment for Amortization	55,202	84,231
Changes in operating assets and liabilities:
Accounts receivable	103,745	-440,871
Inventory	58,030	-41,014
Due from related party	-16,953	-15,164
Prepaid expenses and deposits	-88,283	19,467
Accounts payable and accrued liabilities	24,008	121,572
Deferred revenue	83,405	108,358
Due to related parties	19,500	492,430
Net cash provided by operating activities	114,859	22,933
Investing activities
Cash acquired on recapitalization	562
Cash acquired on acquisition of Alberta Ltd.		322,973
Purchase of property and equipment	-67,001	-33,999
Net cash provided by (used in) investing activities	-66,439	288,974
Financing activities
Repayment of loans payable	-2,715	-305,620
Repayment of long-term debt	-36,731	-15,166
Repayment of capital lease obligations	-21,144	-14,591
Net cash used in financing activities	-60,590	-335,377
Effect of foreign exchange rate changes on cash	-20,575	63,981
Increase (decrease) in cash	-32,745	40,511
Cash, beginning of period	547,288	39,528
Cash, end of period	514,543	80,039
Supplemental disclosures:
Interest paid	13,645	9,195
Income taxes paid

1_Nature_of_Operations_and_Con

1. Nature of Operations and Continuance of Business	3 Months Ended
	Mar. 31, 2014
Notes to Financial Statements
Nature of Operations and Continuance of Business	Sunvault Energy, Inc. (the “Company) was incorporated in the State of Nevada on December 8, 2010 under the name China Green Clothing Inc. The Company changed its name on April 29, 2011 to My Natural Baby Boutique Inc. then to Organic Treehouse Ltd. on January 5, 2012 then to Sunvault Energy, Inc. on May 24, 2013. The Company’s previous business was in the wholesale and distribution of organic infant and toddler products which was discontinued on May 8, 2013. On February 19, 2014, the Company entered into a share purchase agreement to acquire 100% of the shares of 1454004 Alberta Ltd., which holds 100% of the issued and outstanding shares of CleanGen Power Corp. and 50% of the issued and outstanding shares of CleanGen Inc. CleanGen Inc. is a company based in Alberta, Canada that operates Cutting Edge Tire Recycling LP, CleanGen Aboriginal HR Services Ltd., and Coole Immersive Inc. The Company’s current business is to provide renewables integration into energy production, energy delivery, and energy consumption.
	These consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has never generated revenues since inception and is unlikely generate earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. As at March 31, 2014, the Company has a working capital deficiency of $1,817,109 and has accumulated losses of $1,391,081 since inception. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

2_Significant_Accounting_Polic

2. Significant Accounting Policies	3 Months Ended
	Mar. 31, 2014
Notes to Financial Statements
Significant Accounting Policies	(a) Basis of Presentation
	These consolidated financial statements and related notes are prepared in conformity with accounting principles generally accepted in the United States and are expressed in U.S. dollars. These consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, 1454004 Alberta Ltd., including 1454004 Alberta Ltd.’s wholly-owned subsidiary, CleanGen Power Corp., and its 51% owned subsidiary CleanGen Inc., including CleanGen Inc.’s wholly-owned subsidiaries, CleanGen Aboriginal HR Services Ltd. and 1098541 Alberta Ltd. (which is the general partner for CuttingEdge Tire Recycling Limited Partnership) and its 75.5% owned subsidiary Coole Immersive Inc. All inter-company balances and transactions have been eliminated.
	(b) Interim Financial Statements
	These interim unaudited consolidated financial statements have been prepared on the same basis as the annual financial statements and in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s financial position, results of operations and cash flows for the periods shown. The results of operations for such periods are not necessarily indicative of the results expected for a full year or for any future period.
	(c) Use of Estimates
	The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles 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 and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to allowance for doubtful accounts, the estimated useful lives and recoverability of property and equipment, valuation of inventory, impairment of goodwill and licenses, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
	(d) Cash and Cash Equivalents
	The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents.
	(e) Accounts Receivable
	The Company recognizes allowances for doubtful accounts to ensure accounts receivable are not overstated due to the inability or unwillingness of its customers to make required payments. The allowance is based on the business environment, historical bad debt expense, the age of receivable and the specific identification of receivables the Company considers at risk.
	(f) Inventory
	Inventory consists of shredded tire inventory and is comprised entirely of finished products. Inventory is valued at the lower of cost and net realizable value. Cost is determined by the first-in, first-out method. Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and selling costs.
	(g) Equipment
	Equipment is initially recorded at cost. Amortization is provided using the following rates:
	Computer equipment	3 years straight-line
	Field and production equipment	5 to 15 years straight-line
	Furniture	20% declining balance
	Vehicles	30% declining balance
	(h) Goodwill
	Goodwill represents the excess of the acquisition price over the fair value of identifiable net assets acquired. Goodwill is allocated at the date of the business combination. Goodwill is not amortized, but is tested for impairment annually, during the fourth quarter, or more frequently if events or changes in circumstances indicate the asset may be impaired. These events and circumstances may include a significant change in legal factors or in the business climate, a significant decline in the Company’s share price, an adverse action of assessment by a regulator, unanticipated competition, a loss of key personnel, significant disposal activity and the testing of recoverability for a significant asset group.
	The Company consists of a single reporting unit. The impairment test is carried out in two steps. In the first step, the carrying amount of the reporting unit including goodwill is compared with its fair value. The estimated fair value is determined utilizing a market-based approach, based on the quoted market price of the Company’s stock in an active market, adjusted by an appropriate control premium. When the carrying amount of a reporting unit exceeds its fair value, goodwill of the reporting unit is considered to be impaired and the second step is necessary.
	In the second step of the goodwill impairment test, the implied fair value of the reporting unit’s goodwill is compared with its carrying amount to measure the amount of the impairment loss, if any. The implied fair value of goodwill is determined in the same manner as the value of goodwill is determined in a business combination using the fair value of the reporting unit as if it were the acquisition price. When the carrying amount of the reporting unit’s goodwill exceeds the implied fair value of the goodwill, an impairment loss is recognized in an amount equal to the excess and is presented as a separate line item in the consolidated statements of operations. Establishing an implied fair value of goodwill requires the Company to make estimates for key inputs into complex valuation models and to apply significant judgment in the selection of estimates, assumptions and methodologies required to complete the analysis. Areas of judgment include, but are not limited to, development of multi-year business cash flow forecasts, the selection of discount rates and the identification and valuation of unrecorded assets.
	(i) Impairment of Long-lived Assets
	In accordance with ASC 360, “Property, Plant, and Equipment”, the Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicate that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life. Recoverability is assessed based on the carrying amount of the asset and its fair value which is generally determined based on the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances. An impairment loss is recognized when the carrying amount is not recoverable and exceeds fair value.
	(j) Site Retirement Obligations
	A site retirement obligation is recognized at the best estimate of the expenditure required to settle the present obligation at the balance sheet date when the liability for a site retirement obligation is incurred and a reasonable estimate of the obligation is determinable. The best estimate of the site retirement obligation is the present value of the amount the Company would rationally pay to settle the obligation, or transfer it to a third party, at the balance sheet date.
	When a liability is recognized, a corresponding site retirement cost is capitalized to the carrying amount of the related asset. The site retirement cost is amortized over the estimated useful life of the related asset or over the lease term.
	The Company recognizes changes to the liability due to the passage of time in operating expenses, as accretion. Changes due to passage of time are calculated by applying an interest method of allocation using the discount rate used in the original calculation of the site retirement obligation. The Company recognizes changes to the liability arising from revisions to the timing, amount of expected undiscounted cash flows or discount rate as an increase or decrease to the carrying amounts of the site retirement obligation and the related site retirement capitalized cost.
	(k) Leases
	A lease that transfers substantially all of the benefits and risks of ownership is classified as a capital lease. At the inception of a capital lease, an asset and a payment obligation are recorded at an amount equal to the lesser of the present value of the minimum lease payments and the property’s fair market value. Assets classified as capital leases are amortized using the declining balance method, over their estimated useful lives. All other leases are accounted for as operating leases and rental payments are expensed as incurred.
	(l) Revenue Recognition
	For tires qualifying under Alberta Recycling Management Authority (“ARMA”) programs, tire collections revenue from ARMA is recognized when tires are picked up from clients. Revenue from ARMA for processing these tires is recognized when the tire shred is delivered to an approved location. Costs incurred to process these tires are recorded as inventory until delivery occurs.
	For tires that do not qualify under ARMA programs (“non-program” tires), tire collections revenue is recognized when tires are received at the Company’s premises and collectability is reasonable assured. Customers also pay a recycling fee for tires delivered to the Company’s premises, which is recorded as deferred revenue. The Company recognizes the recycling fee revenue once the tires have been processed.
	Revenue on sales of processed tires is recognized when a price is agreed, tire shred is delivered to customers, and collectability is reasonably assured.
	The Company derives further revenue from wood recycling, equipment rentals, sand sales, tipping fees, service rig training, transportation, and software service. In accordance with ASC 605, Revenue Recognition, revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred, the amount is fixed and determinable, and collectability is reasonably assured.
	Management assesses the business environment, customers’ financial condition, historical collection experience, accounts receivable aging, and customer disputes to determine whether collectability is reasonable assured. If collectability is not considered reasonably assured at the time of sale, the Company does not recognize revenue until collection occurs.
	(m)  Income Taxes
	The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Income Taxes”. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.
	(n) Foreign Currency Translation
	The Company’s functional currency is the Canadian dollar and its reporting currency is the U.S. dollar. Management has adopted ASC 830, “Foreign Currency Translation Matters”. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in accumulated other comprehensive income.
	(o) Financial Instruments and Fair Value Measures
	ASC 820, “Fair Value Measurements and Disclosures” requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:
	Level 1
	Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.
	Level 2
	Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.
	Level 3
	Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.
	The Company’s financial instruments consist principally of cash, term deposits, accounts receivable, accounts payable and accrued liabilities, amounts due to related parties, loans payable, long-term debt, and capital lease obligations. Pursuant to ASC 820, the fair values of cash and term deposits are determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.
	(p) Comprehensive Income
	ASC 220, “Comprehensive Income” establishes standards for the reporting and display of comprehensive income and its components in the financial statements. During the three months ended March 31, 2014, and 2013, the Company recognized foreign currency translation gains of $31,084 and $29,767, respectively, in comprehensive income.
	(q) Recent Accounting Pronouncements
	The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

3_Acquisition_of_1454004_Alber

3. Acquisition of 1454004 Alberta Ltd.	3 Months Ended
	Mar. 31, 2014
Notes to Financial Statements
Acquisition of 1454004 Alberta Ltd.	On February 19, 2014, the Company entered into a share purchase agreement to acquire 100% of the shares of 1454004 Alberta Ltd. (“1454004”), which holds 100% of the issued and outstanding shares of CleanGen Power Corp. and 50% of the issued and outstanding shares of CleanGen Inc., in exchange for 19,500,000 shares of common stock of the Company. CleanGen Inc. is a company based in Alberta, Canada that operates Cutting Edge Tire Recycling LP, CleanGen Aboriginal HR Services Ltd., and Coole Immersive Inc.
	The share purchase agreement was a capital transaction in substance and therefore has been accounted for as a reverse capitalization. Under reverse capitalization accounting, 1454004 was considered the acquirer for accounting and financial reporting purposes, and acquired the assets and assumed the liabilities of the Company. Assets acquired and liabilities assumed are reported at their historical amounts. These consolidated financial statements include the accounts of the Company since the effective date of the recapitalization and the historical accounts of 1454004 since inception.
	The comparative figures as of December 31, 2013, and for the three months ended March 31, 2013, are those of 1454004, and 1454004 is deemed to be the continuing entity for accounting purposes.
	The assets acquired and liabilities assumed from Sunvault Energy, Inc. are as follows:
		$
	Cash	562
	Assets held for sale	500,000
	Licenses	30,000
	Accounts payable and accrued liabilities	(152,064	)
	Convertible debt	(22,167	)
	Loan payable	(115,281	)
	Due to related parties	(77,110	)
	Total purchase price	163,940

4_Term_Deposits

4. Term Deposits	3 Months Ended
	Mar. 31, 2014
Notes to Financial Statements
Term Deposits		March 31,		31-Dec-13
		2014		$
		$
	HSBC Bank Canada, term deposit that is unsecured, bearing interest at 0.85% per annum, and matures on May 16, 2014 (Cdn$15,000).		13,571		14,102

5_Accounts_Receivable

5. Accounts Receivable	3 Months Ended
	Mar. 31, 2014
Notes to Financial Statements
Accounts Receivable		March 31,		31-Dec-13
		2014		$
		$
	Trade accounts receivable		808,713		952,575
	GST receivable		33,408		30,088
	Corporate taxes refundable		2,441		2,536
	Other		1,990		2,068
			846,552		987,267

6_Property_and_Equipment

6. Property and Equipment	3 Months Ended
	Mar. 31, 2014
Notes to Financial Statements
Property and Equipment		Cost		Accumulated amortization		Net book value as at March 31,		Net book value as at December 31,
		$		$		2014		2013
						$		$
	Computer equipment		71,653		51,469		20,184		22,395
	Field and production equipment		3,054,549		1,657,718		1,396,831		1,505,806
	Furniture		17,294		12,365		4,929		5,390
	Land		77,651		–		77,651		12,414
			3,221,147		1,721,552		1,499,595		1,546,005
	Included in field equipment are assets under capital lease with an original cost of $251,067 (December 31, 2013 - $260,886) and accumulated amortization of $109,652 (December 31, 2013 - $111,106). Included in production equipment are assets under capital lease with an original cost of $45,427 (December 31, 2013 - $47,203) and accumulated amortization of $4,543 (December 31, 2013 - $1,574). During the three months ended March 31, 2014, amortization expense includes $2,728 (2013 - $4,042) related to assets under capital leases.
	Field equipment includes machinery with a carrying value of $152,118 (December 31, 2013 - $214,484) which was not available for use as at March 31, 2014. As a result, no amortization of these assets has been recorded.

7_Convertible_Debt

7. Convertible Debt	3 Months Ended
	Mar. 31, 2014
Notes to Financial Statements
Convertible Debt	(a) On October 31, 2013, the Company issued a convertible promissory note in exchange for accounts payable of $15,000. The note bears interest at 8% per annum, is unsecured, and due on April 30, 2014. The unpaid amount of principal and accrued interest can be converted at any time at the holder’s option at a price of $0.50 per share of the Company’s common stock. During the three months ended March 31, 2014, the Company issued additional amount under this convertible promissory note totalling $7,167 under the same terms. The maturity date will be accelerated to the closing date of any financing transaction in which the Company raises at least $250,000 in gross proceeds. Refer to Note 17(c).
	In accordance with ASC 470-20, “Debt with Conversion and Other Options”, the Company determined that the convertible promissory note contained no embedded beneficial conversion feature as the convertible promissory note was issued with a conversion price higher than the fair market value of the Company’s shares of common stock at the time of issuance.
	(b) On November 1, 2013, the Company issued a convertible promissory note in exchange for accounts payable of $25,000. The note bears interest at 8% per annum, is unsecured, and due on April 30, 2014. The unpaid amount of principal and accrued interest can be converted at any time at the holder’s option at a price of $0.50 per share of the Company’s common stock. In December 2013, the Company issued additional amount under this convertible promissory note totalling $10,000 under the same terms. The Company is to issue the holder 45,000 shares of common stock upon the initial conversion of this promissory note. The maturity date will be accelerated to the closing date of any financing transaction in which the Company raises at least $250,000 in gross proceeds. On February 14, 2014, the Company issued 350,000 shares of common stock to settle the convertible debt of $35,000. Refer to Note 13(a).

8_Loans_Payable

8. Loans Payable	3 Months Ended
	Mar. 31, 2014
Notes to Financial Statements
Loans Payable	(a) On May 14, 2011, the Company issued a promissory note to Kanata Metis Cultural Enterprises Ltd. (“Kanata”), whereby the Company borrowed $361,893 (Cdn$400,000) (December 31, 2013 - $376,040 (Cdn$400,000)), which is non-interest-bearing, unsecured, and due on demand. During the year ended December 31, 2012, the Company repaid $13,571 (Cdn$15,000).
	(b) On November 9, 2011, the Company issued a promissory note to Kanata, whereby the Company borrowed $361,893 (Cdn$400,000) (December 31, 2013 - $376,040 (Cdn$400,000)), which is non-interest-bearing, unsecured, and due on demand.
	(c) On December 14, 2011, the Company issued a promissory note to Kanata, whereby the Company borrowed $407,129 (Cdn$450,000) (December 31, 2013 - $423,045 (Cdn$450,000)), which is non-interest-bearing, unsecured, and due on demand.
	(d) As at March 31, 2014, the Company owed $29,856 (Cdn$33,000) (December 31, 2013 – $33,844 (Cdn$36,000)) to Terrence Smith for the acquisition of Coole on July 19, 2012. The amount was secured by Coole, non-interest bearing, and is due on December 31, 2014, with monthly payments of $2,714 (Cdn$3,000).
	(e) As at March 31, 2014, the Company owed $115,281 (December 31, 2013 – $nil) to a non-related party for expenses paid on behalf of the Company. The amount due is non-interest bearing, unsecured, and due on demand.

9_Site_Retirement_Obligation

9. Site Retirement Obligation	3 Months Ended
	Mar. 31, 2014
Notes to Financial Statements
Site Retirement Obligation	The Company operates on aboriginal land and is legally required to dismantle and remove equipment and debris when the land is disposed of. A site retirement obligation has been accrued and a corresponding amount has been capitalized as a site retirement cost, which has been fully amortized to site and operating expenses. The Company estimated the initial fair value of the site retirement obligation using discounted future cash flows. The significant assumptions used to determine fair value include the cost of removal of equipment, debris and soil. Costs have been estimated using current market rates for such services commencing in the year 2015.

10_Longterm_Debt

10. Long-term Debt	3 Months Ended
	Mar. 31, 2014
Notes to Financial Statements
Long-term Debt		March 31,				31-Dec-13
		2014				$
		$
	Business Development Bank of Canada, repayable in monthly instalments of Cdn $6,000 plus interest at 7%, maturing May 17, 2018, secured by a general interest in all present and after acquired property.		271,420				298,956
	Business Development Bank of Canada, repayable in monthly instalments of Cdn $6,667 plus interest at 8%, maturing May 17, 2018, secured by a general interest in all present and after acquired property.		301,592				332,190
	John Deere Finance, repayable in monthly installments of Cdn $1,262 including interest at 0%, maturing on January 1, 2018, secured by specific equipment.		52,518				56,946
			625,530				688,092
	Less: current portion		(150,063	)			(155,932	)
	Long-term portion		475,467				532,160
	Principal repayments on long-term debt in each of the next five years are as follows:
	Year				$
	2014	(Cdn $125,361)			113,397
	2015	(Cdn $167,147)			151,224
	2016	(Cdn $167,147)			151,224
	2017	(Cdn $167,147)			151,224
	2018	(Cdn $64,618)			58,461
					625,530

11_Capital_Lease_Obligations

11. Capital Lease Obligations	3 Months Ended
	Mar. 31, 2014
Notes to Financial Statements
Capital Lease Obligations		March 31,				31-Dec-13
		2014				$
		$
	Treadco Inc., equipment lease repayable in monthly installments of $4,762 including interest at 12% per annum, due in February 2015, secured by specific field equipment.		43,685				57,224
	Coast Capital, equipment lease repayable in monthly instalments of $1,186 including interest at 8.23% per annum, due in July 2017, secured by production equipment.		37,416				41,390
	John Deere, equipment lease repayable in monthly installments of $2,766, due in May 2014, secured by field equipment.		2,480				10,167
			83,581				108,781
	Less: current portion		(56,130	)			(70,032	)
	Long-term portion		27,451				38,749
	Future minimum lease payments related to capital lease obligations are as follows:
				$
	2014			50,909
	2015			20,403
	2016			12,873
	2017			7,509
				91,694
	Less: imputed interest			(8,113	)
				83,581
	Less: current portion			(56,130	)
	Long-term portion			27,451

12_Related_Party_Transactions

12. Related Party Transactions	3 Months Ended
	Mar. 31, 2014
Notes to Financial Statements
Related Party Transactions	(a) As at March 31, 2014, the Company owed $25,000 (December 31, 2013 - $nil) to a company controlled by the President of the Company, which is unsecured, non-interest bearing, and due on demand.
	(b) As at March 31, 2014, the Company owed $7,500 (December 31, 2013 - $nil) to the Chief Technology Officer of the Company, which is unsecured, non-interest bearing, and due on demand.
	(c) As at March 31, 2014, the Company owed $14,980 (December 31, 2013 - $nil) to the Treasurer and Secretary of the Company, which is unsecured, non-interest bearing, and due on demand.
	(d) As at March 31, 2014, the amount of $30,000 (December 31, 2013 - $nil) is owed to a significant shareholder which is non-interest bearing, unsecured, and due on demand.
	(e) As at March 31, 2014, the amount of $28,647 (December 31, 2014 - $nil) is owed to a director of the Company which is non-interest bearing, unsecured, and due on demand. Of this amount, $9,517 is included in accounts payable and accrued liabilities.
	(f) As at March 31, 2014, the Company owed $298,856 (Cdn$330,031) (December 31, 2013 - $310,266 (Cdn330,031)) to Elizabeth Metis Society, an entity under common control, related to the acquisition of 1098541 Alberta Ltd. The amount is unsecured, non-interest bearing, and due on demand.
	(g) As at March 31, 2014, the Company owed $17,949 (Cdn$20,134) (December 31, 2013 - $18,929 (Cdn$20,134)) to a company controlled by the President of 1454004, which is unsecured, non-interest bearing, and due on demand.
	(h) As at March 31, 2014, the Company was owed $38,878 (Cdn$42,972) (December 31, 2013 - $22,815 (Cdn$24,268)) from a shareholder of Coole, which is unsecured, non-interest bearing, and due on demand.
	(i) For the three months ended March 31, 2014, the Company incurred management fees of $33,989 (2013 - $44,611) and rent expense of $nil (2013 - $1,983) to the President and companies controlled by the President of 1454004.
	(j) For the three months ended March 31, 2014, the Company incurred freight and transportation expenses of $62,841 (2013 - $80,649) and sales and marketing expenses of $nil (2013 - $14,994) to a company owned by the spouse of a member of management of the Company. As at March 31, 2014, $40,452 (Cdn$44,713) (December 31, 2014 - $40,076 (Cdn$42,629)) of these charges was included in accounts payable and accrued liabilities.
	(k) For the three months ended March 31, 2014, included in management fees are the following amounts:
		·	$25,000 (2013 - $nil) paid to the President of the Company;
		·	$7,500 (2013 - $nil) paid to the Chief Technology Officer of the Company;
		·	$20,167 (2013 - $12,227) paid to the daughter of the President of 1454004;
		·	$11,556 (2013 - $12,640) paid to the son of the President of 1454004; and
		·	$40,787 (2013 - $31,228) paid to a director of 1454004.
	(l) For the three months ended March 31, 2014, included in labour are the following amounts:
		·	$1,210 (2013 - $1,452) paid to the daughter of the President of 1454004;
		·	$11,556 (2013 - $nil) paid to the son of the President of 1454004; and
		·	$2,719 (2013 - $nil) paid to a director of 1454004.
	(m)  For the three months ended March 31, 2014, the Company incurred administrative fees of $11,556 (2013 - $12,640) paid to the son of the President of 1454004.

13_Common_Stock

13. Common Stock	3 Months Ended
	Mar. 31, 2014
Notes to Financial Statements
Common Stock	(a) On February 18, 2014, the Company issued 350,000 shares of common stock to settle convertible debt of $35,000. Refer to Note 7(b). These shares of common stock were included in the accounts of the Company as at the effective date of recapitalization. Refer to Note 3.
	(b) On February 18, 2014, the Company issued 300,000 shares of common stock pursuant to a licensing agreement. Refer to Note 16(c). These shares of common stock were included in the accounts of the Company as at the effective date of recapitalization. Refer to Note 3.
	(c) On March 7, 2014, the Company issued 19,500,000 shares of common stock pursuant to a share purchase agreement with 1454004 Alberta Ltd. Refer to Note 3.

14_Stock_Options

14. Stock Options	3 Months Ended
	Mar. 31, 2014
Notes to Financial Statements
Stock Options	On February 6, 2014, the Company adopted the 2014 Stock Option Plan which permits the Company to grant stock options for up to 12,968,800 shares of common stock to officers, directors, employees, and consultants. The Board of Directors will determine the exercise price and vesting schedule for stock options granted. The maximum term of stock options granted is five years.
	A summary of the Company’s stock option activity is as follows:
		Number of			Weighted			Aggregate
		Options			Average			Intrinsic
					Exercise			Value
					Price			$
					$
	Outstanding, December 31, 2013	–			–			–
	Issued as part of the recapitalization		3,100,000			0.1
	Outstanding, March 31, 2014		3,100,000			0.1			496,000
	Additional information regarding stock options outstanding as at March 31, 2014, is as follows:
			Outstanding and exercisable
	Range of exercise prices		Number of			Weighted			Weighted
	$		shares			average			average
						remaining			exercise
						contractual life			price
						(years)			$
	0.1			3,100,000			4.9			0.1

15_Share_Purchase_Warrants

15. Share Purchase Warrants	3 Months Ended
	Mar. 31, 2014
Notes to Financial Statements
Share Purchase Warrants	The following table summarizes the continuity of share purchase warrants:
		Number of			Weighted
		warrants			average
					exercise
					price
					$
	Balance, December 31, 2013	–			–
	Issued as part of the recapitalization		20,427,333			2
	Balance, March 31, 2014		20,427,333			2
	As at March 31, 2014, the following share purchase warrants were outstanding:
	Number of warrants		Exercise price			Expiry
			$			date
	60,000			2		16-Sep-15
	34,000			2		17-Sep-15
	333,333			2		15-Nov-15
	20,000,000			2		6-Aug-23
	20,427,333

16_Commitments_and_Contingenci

16. Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Notes to Financial Statements
Commitments and Contingencies	(a) On August 10, 2010, CleanGen Power Corp. (“CleanGen Power”) entered into a lease agreement for land and a building in consideration for base rent of $2,368 (Cdn$2,617) per month, expiring on March 31, 2015. The minimum lease payments over the remaining term of the lease are as follows:
	Year	$
	2014	21,308
	2015	7,103
		28,411
	(b) On September 14, 2011, CleanGen Power received notice that The Groundworx Co. (“Groundworx") was seeking damages of Cdn$41,648 for repair services provided for a Doppstadt Shredder (the “Shredder”). Management of CleanGen Power asserts that any repair services provided for the Shredder was done without the agreement and the knowledge of CleanGen Power. On October 5, 2012, CleanGen Power has filed a Statement of Defense and Counterclaim, seeking damages of Cdn$6,480,000 from Groundworx for the following: (i) trespassing, including physical damage to the gates and structures located on land that CleanGen Power was entitled to possession of; (ii) removal and conversion of the Shredder without permission; (iii) consequential losses arising from, but not limited to, CleanGen Power’s inability to perform its obligations under agreements with third parties as a direct result of the loss of the Shredder; (iv) damages arising from the disruption of CleanGen Power’s business, causing CleanGen Power to be unable to honour all of its financial obligations to third parties; and (v) administrative time and resources spent by CleanGen Power to locate the Shredder and to deal with the abovementioned acts of Groundworx. On November 16, 2012, CleanGen Power received a Statement of Defense to Counterclaim from Groundworx, who denied all of the allegations in the Counterclaim.
	(c) On December 9, 2013, the Company entered into a licensing agreement pursuant to which the Company has been granted a royalty-bearing, exclusive license to certain patented inventions. The Company has agreed to pay the licensor $3,000 and issue shares of common stock equal to a fair value of $30,000 on or before January 8, 2014. Refer to Note 13(b). The Company will pay royalties to the licensor calculated based on 4% of net sales for licensed products and processes. The minimum royalty payments are to be paid in advance on a quarterly basis as follows: December 3, 2018: - $500; year 2019 - $2,000; year 2020 - $4,000; year 2021 - $6,000; year 2022 - $8,000; and $10,000 for 2023 and every year thereafter for the life of the agreement. If the first sale of a licensed product occurs before 2019, the first minimum royalty payment will be due on December 31 of the year in which the first sale occurred and the due dates for the subsequent minimum royalty payments will be adjusted accordingly. The Company must provide funding of at least $50,000 by January 6, 2014 for research by the licensor in the area of electrochemical based solar cells with energy storage capacity. In addition, the Company must pay the licensor milestone payments as follows: $5,000 upon completion of a working prototype due on March 31, 2018 and $10,000 upon its first commercial sale due on March 31, 2019. The Company must execute the first commercial sales of products to a retail customer on or before March 31, 2019 or the licensor has the right to terminate the agreement. The term of this license will continue until the latter of the date that no licensed patent remains a pending application or an unforceable patent, or the date on which the licensee’s obligation to pay royalties expires.
	(d) On January 16, 2014, the Company entered into an agreement with a company controlled by the President of the Company whereby the Company is to pay $10,000 per month which is to be paid with shares of common stock of the Company until the Company has adequate funding. If the agreement is terminated by the Company without cause or as a result of a change in control, this company will be entitled to termination pay of $240,000. Refer to Note 17(a).
	(e) On March 1, 2014, the Company entered into a consulting agreement with a consultant, pursuant to which the consultant will provide consulting services in consideration of 300,000 restricted shares. The term of the agreement is one year commencing on the date to be determined within the next six months. Refer to Note 17(l).
	(f) On March 15, 2014, the Company entered into a consulting agreement with a consultant, pursuant to which the consultant will provide consulting services in consideration of 500,000 restricted shares. Refer to Note 17(m).
	(g) On March 31, 2014, CleanGen Power, received a demand for payment of Cdn$1,045,627 from the Province of Alberta pursuant to the biorefining commercialization and market development program grant agreement (the “Grant Agreement”). The amount consists of Cdn$969,157 of grant funds disallowed under the Grant Agreement and Cdn$76,471 of interest earned on the grant funds. While CleanGen Power acknowledges that it was in default of the Grant Agreement, the breach was brought about in part by circumstances beyond CleanGen Power’s control. In particular, a sawdust pile fire incident occurred from December 2 to December 21, 2011, which consumed 250,000 tonnes of wood material to be used for the biomass project worth Cdn$1,500,000 to Cdn$2,000,000 and cost approximately Cdn$500,000 to put out. This greatly affected CleanGen Power’s ability to progress with the project under the Grant Agreement. As such, CleanGen Power is in discussions with the Province of Alberta to reduce or settle the amount owed.

17_Subsequent_Events

17. Subsequent Events	3 Months Ended
	Mar. 31, 2014
Notes to Financial Statements
Subsequent Events	(a) On April 4, 2014, the Company issued 120,000 shares of common stock to a company controlled by the President of the Company to settle management services of $30,000.
	(b) On April 4, 2014, the Company issued 50,000 shares of common stock to the Chief Technology Officer of the Company to settle management services of $12,500.
	(c) On April 10, 2014, the Company issued 191,130 shares of common stock to settle the convertible debt of $15,000. Refer to Note 7(a).
	(d) Effective April 11, 2014, the Company entered into a purchase agreement with 1301540 Alberta Ltd., an Alberta Canada corporation, operating under the name Werkman Transport. Pursuant to the agreement, the Company agreed to purchase all of the transportation assets and other assets of 1301540 Alberta, excluding all land and buildings and accounts receivable, but including the right to use the name Werkman Transport at a purchase price of Cdn$3,000,000, payable in shares of common stock. Cdn$1,000,0000 or 5,000,000 shares of common stock are to be issued upon closing with the remaining shares of common stock to be issued after six months have elapsed from the closing date. Pursuant to the agreement, the Company created a new, wholly-owned subsidiary, named Werkman Transport Inc., under which the purchased assets of 1301540 Alberta was transferred upon receipt by 1031540 Alberta of Cdn$1,000,000 from the Company. In addition, the newly created subsidiary, Werkman Transport Inc., will enter into a 5 year contract with 1031540 Alberta to supply management services of Jason Werkman at a rate of $10,000 per month. On April 15, 2014, the Company issued 5,000,000 shares of common stock pursuant to the purchase agreement.
	(e) On April 14, 2014, the Company issued 3,333,334 shares of common stock to acquire 100% of the shares of Eco-West Transport Inc., a company based in Alberta, Canada, which is in the business of providing trucking transportation services. On September 9, 2014, the agreement was mutually rescinded. As a result, the Company cancelled the 3,333,334 shares of common stock issued to Eco-West Transport Inc.
	(f) On April 15, 2014, the Company entered into a consulting agreement with a consultant for a term of six months until October 14, 2014. In consideration, the Company issued 100,000 shares of common stock on June 5, 2014.
	(g) On April 15, 2014, the Company entered into a consulting agreement with a consultant. In consideration, the Company is to issue 600,000 shares of common stock and 100,000 share purchase warrants exercisable at a price of $2 per share for a term of three years. The 600,000 shares of common stock were issued on June 6, 2014.
	(h) On April 15, 2014, the Company entered into a consulting agreement with a consultant. In consideration, the Company issued 500,000 shares of common stock on June 11, 2014.
	(i) Effective April 22, 2014, the Company entered into private placement subscription agreements with several investors pursuant to which the Company issued convertible debentures in the aggregate amount of $229,772. The convertible debentures carry interest at the rate of 8% calculated annually and paid quarterly and may be converted into shares of the Company’s common stock at any time at the conversion price of $0.30 per share. The Company must pay back the principal amount outstanding and accrued and unpaid interest any time before or at the maturity date of April 22, 2016.
	(j) On April 24, 2014, the Company entered into a Services and Commission Agreement with Aboriginal Financial Services Corporation (“AFSC”) pursuant to which AFSC will provide the Company with knowledge regarding various Aboriginal peoples, groups, organizations and First Nations, Metis and Inuit communities (“Aboriginal Stakeholders”) and their business practices to assist the Company in identifying utility resource development and associated services to assist the Company with contractual arrangements for the development of resource opportunities on Aboriginal lands.
	Under the terms of the agreement, the Company agreed to pay AFSC a one-time Cdn$3,000 retainer upon execution of the agreement and reimburse AFSC on a monthly basis for pre-approved out-of-pocket expenses. The Company has also agreed to issue the following shares based on various target contracts, as more particularly described in the agreement:
	i)  500,000 shares of common stock at the then prevailing market rate for any and all target contracts having a total capital investment value of up to Cdn$4,999,999 issuable as of the date of signing of target contracts with Aboriginal Stakeholders.
	ii)  An additional 500,000 shares of common stock at the then prevailing market rate will be deemed earned and issuable as of the date of completion of the target contracts.
	iii)  A further 500,000 shares of common stock at the prevailing market rate for any and all target contracts having a cumulative total capital investment of Cdn$5,000,000 or more upon completion of the target contracts. Such shares will be deemed earned and issuable upon the target contracts being completed.
	The Company also agreed to pay AFSC a commission for any and all third party financing introduced to the Company by AFSC as follows:
		i)	10% of the first Cdn$1,000,000, plus;
		ii)	8% of the second Cdn$1,000,000, plus;
		iii)	6% of the third Cdn$1,000,000, plus;
		iv)	4% of the fourth Cdn$1,000,000, plus;
		v)	2% of everything above Cdn$4,000,000.
	The agreement may be terminated by either party with 90 days written notice.
	Pursuant to an addendum to the agreement, on September 26, 2014, the Company issued 500,000 restricted shares of common stock to AFSC at $0.30 per share as additional consideration for AFSC’s performance of services rendered in identifying and introducing other business opportunities to the Company.
	(k) On May 28, 2014, the Company entered into a consulting agreement with a consultant in consideration of 40,150 shares of common stock and cash payment of $11,466. The Company issued 40,150 shares of common stock on June 6, 2014.
	(l) On June 5, 2014, the Company issued 300,000 shares of common stock to a consultant in consideration of consulting services rendered. Refer to Note 16(f).
	(m)  On June 5, 2014, the Company issued 500,000 shares of common stock to a consultant in consideration of consulting services rendered. Refer to Note 16(g).
	(n) On June 11, 2014, the Company issued 60,000 shares of common stock to the Chief Technology Officer of the Company to settle management services of $9,000.
	(o) On June 30, 2014, the Company’s subsidiary, CleanGen Inc., entered into an agreement to sell its 75.5% interest in Coole Immersive Inc. for consideration of Cdn$302,000, of which Cdn$200,000 is due upon closing and the remainder is due in monthly payments of Cdn$17,000 per month for six months after closing. The agreement has not yet closed.
	(p) On July 15, 2014, the Company acquired 500,000 Class A shares of common stock of CleanGen Inc. in exchange for 8,000,000 shares of common stock of the Company, upon which the Company secured a 100% interest of CleanGen Inc.
	(q) On July 25, 2014, the Company entered into equipment purchase agreements, wherein the Company agreed to purchase trailer units for consideration of 1,000,000 shares of common stock, which were issued on August 8, 2014.
	(r) On July 29, 2014, the Company entered into an equipment purchase agreement, wherein the Company agreed to purchase an oil service truck for consideration of 400,000 shares of common stock, which were issued on August 8, 2014.
	(s) On July 29, 2014, the Company issued an additional 190,000 shares of common stock to re-price the subscription price for a private placement of common shares issued on September 16, 2013.
	(t) On October 10, 2014, the Company issued 4,000,000 shares of common stock pursuant to the purchase agreement with 1301540 Alberta Ltd. as payment of Cdn$1,200,000 towards the purchase price.

2_Significant_Accounting_Polic1

2. Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2014
Significant Accounting Policies Policies
Basis of Presentation	These consolidated financial statements and related notes are prepared in conformity with accounting principles generally accepted in the United States and are expressed in U.S. dollars. These consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, 1454004 Alberta Ltd., including 1454004 Alberta Ltd.’s wholly-owned subsidiary, CleanGen Power Corp., and its 51% owned subsidiary CleanGen Inc., including CleanGen Inc.’s wholly-owned subsidiaries, CleanGen Aboriginal HR Services Ltd. and 1098541 Alberta Ltd. (which is the general partner for CuttingEdge Tire Recycling Limited Partnership) and its 75.5% owned subsidiary Coole Immersive Inc. All inter-company balances and transactions have been eliminated.
Interim Financial Statements	These interim unaudited consolidated financial statements have been prepared on the same basis as the annual financial statements and in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s financial position, results of operations and cash flows for the periods shown. The results of operations for such periods are not necessarily indicative of the results expected for a full year or for any future period.
Use of Estimates	The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles 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 and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to allowance for doubtful accounts, the estimated useful lives and recoverability of property and equipment, valuation of inventory, impairment of goodwill and licenses, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
Cash and Cash Equivalents	The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents.
Accounts Receivable	The Company recognizes allowances for doubtful accounts to ensure accounts receivable are not overstated due to the inability or unwillingness of its customers to make required payments. The allowance is based on the business environment, historical bad debt expense, the age of receivable and the specific identification of receivables the Company considers at risk.
Inventory	Inventory consists of shredded tire inventory and is comprised entirely of finished products. Inventory is valued at the lower of cost and net realizable value. Cost is determined by the first-in, first-out method. Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and selling costs.
Equipment	Equipment is initially recorded at cost. Amortization is provided using the following rates:
	Computer equipment	3 years straight-line
	Field and production equipment	5 to 15 years straight-line
	Furniture	20% declining balance
	Vehicles	30% declining balance
Goodwill	Goodwill represents the excess of the acquisition price over the fair value of identifiable net assets acquired. Goodwill is allocated at the date of the business combination. Goodwill is not amortized, but is tested for impairment annually, during the fourth quarter, or more frequently if events or changes in circumstances indicate the asset may be impaired. These events and circumstances may include a significant change in legal factors or in the business climate, a significant decline in the Company’s share price, an adverse action of assessment by a regulator, unanticipated competition, a loss of key personnel, significant disposal activity and the testing of recoverability for a significant asset group.
	The Company consists of a single reporting unit. The impairment test is carried out in two steps. In the first step, the carrying amount of the reporting unit including goodwill is compared with its fair value. The estimated fair value is determined utilizing a market-based approach, based on the quoted market price of the Company’s stock in an active market, adjusted by an appropriate control premium. When the carrying amount of a reporting unit exceeds its fair value, goodwill of the reporting unit is considered to be impaired and the second step is necessary.
	In the second step of the goodwill impairment test, the implied fair value of the reporting unit’s goodwill is compared with its carrying amount to measure the amount of the impairment loss, if any. The implied fair value of goodwill is determined in the same manner as the value of goodwill is determined in a business combination using the fair value of the reporting unit as if it were the acquisition price. When the carrying amount of the reporting unit’s goodwill exceeds the implied fair value of the goodwill, an impairment loss is recognized in an amount equal to the excess and is presented as a separate line item in the consolidated statements of operations. Establishing an implied fair value of goodwill requires the Company to make estimates for key inputs into complex valuation models and to apply significant judgment in the selection of estimates, assumptions and methodologies required to complete the analysis. Areas of judgment include, but are not limited to, development of multi-year business cash flow forecasts, the selection of discount rates and the identification and valuation of unrecorded assets.
Impairment of Long-lived Assets	In accordance with ASC 360, “Property, Plant, and Equipment”, the Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicate that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life. Recoverability is assessed based on the carrying amount of the asset and its fair value which is generally determined based on the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances. An impairment loss is recognized when the carrying amount is not recoverable and exceeds fair value.
Site Retirement Obligations	A site retirement obligation is recognized at the best estimate of the expenditure required to settle the present obligation at the balance sheet date when the liability for a site retirement obligation is incurred and a reasonable estimate of the obligation is determinable. The best estimate of the site retirement obligation is the present value of the amount the Company would rationally pay to settle the obligation, or transfer it to a third party, at the balance sheet date.
	When a liability is recognized, a corresponding site retirement cost is capitalized to the carrying amount of the related asset. The site retirement cost is amortized over the estimated useful life of the related asset or over the lease term.
	The Company recognizes changes to the liability due to the passage of time in operating expenses, as accretion. Changes due to passage of time are calculated by applying an interest method of allocation using the discount rate used in the original calculation of the site retirement obligation. The Company recognizes changes to the liability arising from revisions to the timing, amount of expected undiscounted cash flows or discount rate as an increase or decrease to the carrying amounts of the site retirement obligation and the related site retirement capitalized cost.
Leases	A lease that transfers substantially all of the benefits and risks of ownership is classified as a capital lease. At the inception of a capital lease, an asset and a payment obligation are recorded at an amount equal to the lesser of the present value of the minimum lease payments and the property’s fair market value. Assets classified as capital leases are amortized using the declining balance method, over their estimated useful lives. All other leases are accounted for as operating leases and rental payments are expensed as incurred.
Revenue Recognition	For tires qualifying under Alberta Recycling Management Authority (“ARMA”) programs, tire collections revenue from ARMA is recognized when tires are picked up from clients. Revenue from ARMA for processing these tires is recognized when the tire shred is delivered to an approved location. Costs incurred to process these tires are recorded as inventory until delivery occurs.
	For tires that do not qualify under ARMA programs (“non-program” tires), tire collections revenue is recognized when tires are received at the Company’s premises and collectability is reasonable assured. Customers also pay a recycling fee for tires delivered to the Company’s premises, which is recorded as deferred revenue. The Company recognizes the recycling fee revenue once the tires have been processed.
	Revenue on sales of processed tires is recognized when a price is agreed, tire shred is delivered to customers, and collectability is reasonably assured.
	The Company derives further revenue from wood recycling, equipment rentals, sand sales, tipping fees, service rig training, transportation, and software service. In accordance with ASC 605, Revenue Recognition, revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred, the amount is fixed and determinable, and collectability is reasonably assured.
	Management assesses the business environment, customers’ financial condition, historical collection experience, accounts receivable aging, and customer disputes to determine whether collectability is reasonable assured. If collectability is not considered reasonably assured at the time of sale, the Company does not recognize revenue until collection occurs.
Income Taxes	The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Income Taxes”. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.
Foreign Currency Transactions	The Company’s functional currency is the Canadian dollar and its reporting currency is the U.S. dollar. Management has adopted ASC 830, “Foreign Currency Translation Matters”. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in accumulated other comprehensive income.
Financial Instruments and Fair Value Measures	ASC 820, “Fair Value Measurements and Disclosures” requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:
	Level 1
	Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.
	Level 2
	Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.
	Level 3
	Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.
	The Company’s financial instruments consist principally of cash, term deposits, accounts receivable, accounts payable and accrued liabilities, amounts due to related parties, loans payable, long-term debt, and capital lease obligations. Pursuant to ASC 820, the fair values of cash and term deposits are determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.
Comprehensive Income	ASC 220, “Comprehensive Income” establishes standards for the reporting and display of comprehensive income and its components in the financial statements. During the three months ended March 31, 2014, and 2013, the Company recognized foreign currency translation gains of $31,084 and $29,767, respectively, in comprehensive income.
Recent Accounting Pronouncements	The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

3_Acquisition_of_1454004_Alber1

3. Acquisition of 1454004 Alberta Ltd. (Tables)	3 Months Ended
	Mar. 31, 2014
Acquisition Of 1454004 Alberta Ltd. Tables
Acquisition of 1454004 Alberta Ltd.	The assets acquired and liabilities assumed from Sunvault Energy, Inc. are as follows:
		$
	Cash	562
	Assets held for sale	500,000
	Licenses	30,000
	Accounts payable and accrued liabilities	(152,064	)
	Convertible debt	(22,167	)
	Loan payable	(115,281	)
	Due to related parties	(77,110	)
	Total purchase price	163,940

4_Term_Deposits_Tables

4. Term Deposits (Tables)	3 Months Ended
	Mar. 31, 2014
Term Deposits Tables
Term Deposits		March 31,		31-Dec-13
		2014		$
		$
	HSBC Bank Canada, term deposit that is unsecured, bearing interest at 0.85% per annum, and matures on May 16, 2014 (Cdn$15,000).		13,571		14,102

4_Accounts_Receivable_Tables

4. Accounts Receivable (Tables)	3 Months Ended
	Mar. 31, 2014
Accounts Receivable Tables
Accounts Receivable		March 31,		31-Dec-13
		2014		$
		$
	Trade accounts receivable		808,713		952,575
	GST receivable		33,408		30,088
	Corporate taxes refundable		2,441		2,536
	Other		1,990		2,068
			846,552		987,267

6_Property_and_Equipment_Table

6. Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2014
Property And Equipment Tables
Property and Equipment		Cost		Accumulated amortization		Net book value as at March 31,		Net book value as at December 31,
		$		$		2014		2013
						$		$
	Computer equipment		71,653		51,469		20,184		22,395
	Field and production equipment		3,054,549		1,657,718		1,396,831		1,505,806
	Furniture		17,294		12,365		4,929		5,390
	Land		77,651		–		77,651		12,414
			3,221,147		1,721,552		1,499,595		1,546,005

10_Longterm_Debt_Tables

10. Long-term Debt (Tables)	3 Months Ended
	Mar. 31, 2014
Long-Term Debt Tables
Long-term Debt		March 31,				December 31,
		2014				2013
		$				$
	Business Development Bank of Canada, repayable in monthly instalments of Cdn c$6,000 plus interest at 7%, maturing May 17, 2018, secured by a general interest in all present and after acquired property.		271,420				298,956
	Business Development Bank of Canada, repayable in monthly instalments of Cdn $6,667 plus interest at 8%, maturing May 17, 2018, secured by a general interest in all present and after acquired property.		301,592				332,190
	John Deere Finance, repayable in monthly installments of Cdn $1,262 including interest at 0%, maturing on January 1, 2018, secured by specific equipment.		52,518				56,946
			625,530				688,092
	Less: current portion		(150,063	)			(155,932	)
	Long-term portion		475,467				532,160
Repayments on long-term debt	Year				$
	2014	(Cdn $125,361)			113,397
	2015	(Cdn $167,147)			151,224
	2016	(Cdn $167,147)			151,224
	2017	(Cdn $167,147)			151,224
	2018	(Cdn $64,618)			58,461
					625,530

11_Capital_Lease_Obligations_T

11. Capital Lease Obligations (Tables)	3 Months Ended
	Mar. 31, 2014
Capital Lease Obligations Tables
Capital Lease Obligations		March 31,				31-Dec-13
		2014				$
		$
	Treadco Inc., equipment lease repayable in monthly installments of $4,762 including interest at 12% per annum, due in February 2015, secured by specific field equipment.		43,685				57,224
	Coast Capital, equipment lease repayable in monthly instalments of $1,186 including interest at 8.23% per annum, due in July 2017, secured by production equipment.		37,416				41,390
	John Deere, equipment lease repayable in monthly installments of $2,766, due in May 2014, secured by field equipment.		2,480				10,167
			83,581				108,781
	Less: current portion		(56,130	)			(70,032	)
	Long-term portion		27,451				38,749
Payments related to capital lease obligations				$
	2014			50,909
	2015			20,403
	2016			12,873
	2017			7,509
				91,694
	Less: imputed interest			(8,113	)
				83,581
	Less: current portion			(56,130	)
	Long-term portion			27,451

14_Stock_Options_Tables

14. Stock Options (Tables)	3 Months Ended
	Mar. 31, 2014
Stock Options Tables
Stock Options		Number of			Weighted			Aggregate
		Options			Average			Intrinsic
					Exercise			Value
					Price			$
					$
	Outstanding, December 31, 2013	–			–			–
	Issued as part of the recapitalization		3,100,000			0.1
	Outstanding, March 31, 2014		3,100,000			0.1			496,000
Outstanding stock options			Outstanding and exercisable
	Range of exercise prices		Number of			Weighted			Weighted
	$		shares			average			average
						remaining			exercise
						contractual life			price
						(years)			$
	0.1			3,100,000			4.9			0.1

15_Share_Purchase_Warrants_Tab

15. Share Purchase Warrants (Tables)	3 Months Ended
	Mar. 31, 2014
Share Purchase Warrants Tables
Share purchase warrants		Number of			Weighted
		warrants			average
					exercise
					price
					$
	Balance, December 31, 2013	–			–
	Issued as part of the recapitalization		20,427,333			2
	Balance, March 31, 2014		20,427,333			2
Share purchase warrants exercise price	As at March 31, 2014, the following share purchase warrants were outstanding:
	Number of warrants		Exercise price			Expiry
			$			date
	60,000			2		16-Sep-15
	34,000			2		17-Sep-15
	333,333			2		15-Nov-15
	20,000,000			2		6-Aug-23
	20,427,333

16_Commitments_and_Contingenci1

16. Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2014
Commitments And Contingencies Tables
Lease payments	Year	$
	2014	21,308
	2015	7,103
		28,411

1_Nature_of_Operations_and_Con1

1. Nature of Operations and Continuance of Business (Details Narrative) (USD $)	Mar. 31, 2014
Notes to Financial Statements
Working capital deficiency	$1,817,109
Accumulated losses	$1,391,081

2_Significant_Accounting_Polic2

2. Significant Accounting Policies (Details)	12 Months Ended
	Mar. 31, 2014
Computer Equipment [Member]
Amortization rate	3 years
Field and production equipment [Member] | Minimum [Member]
Amortization rate	5 years
Field and production equipment [Member] | Maximum [Member]
Amortization rate	15 years
Furniture and Fixtures [Member]
Amortization rate description	20% declining balance
Vehicles [Member]
Amortization rate description	30% declining balance

2_Significant_Accounting_Polic3

2. Significant Accounting Policies (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Significant Accounting Policies Details Narrative
Foreign currency translation gains	$31,084	$29,767

3_Acquisition_of_1454004_Alber2

3. Acquisition of 1454004 Alberta Ltd.(Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Acquisition Of 1454004 Alberta Ltd.Details
Cash	$562
Assets held for sale	500,000
Licenses	30,000
Accounts payable and accrued liabilities	-152,064
Convertible debt	-22,167
Loan payable	-115,281
Due to related parties	-77,110
Total purchase price	$163,940

4_Term_Deposits_Details

4. Term Deposits (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Term Deposits Details
HSBC Bank Canada, term deposit that is unsecured, bearing interest at 0.85% per annum, and matures on May 16, 2014 (Cdn$15,000).	$13,571	$14,102	$14,102

5_Accounts_Receivable_Details

5. Accounts Receivable (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013
Accounts Receivable Details
Trade accounts receivable	$808,713	$952,575
GST receivable	33,408	30,088
Corporate taxes refundable	2,441	2,536
Other	1,990	2,068
Total	$846,552	$987,267

6_Property_and_Equipment_Detai

6. Property and Equipment (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Cost	$3,221,147
Accumulated amortization	1,721,552
Net book value as at March 31, 2014	1,499,595	1,546,005
Net book December 31, 2013	1,546,005
Computer Equipment [Member]
Cost	71,653
Accumulated amortization	51,469
Net book value as at March 31, 2014	20,184
Net book December 31, 2013	22,395
Exploration and Production Equipment [Member]
Cost	3,054,549
Accumulated amortization	1,657,718
Net book value as at March 31, 2014	1,396,831
Net book December 31, 2013	1,505,806
Furniture and Fixtures [Member]
Cost	17,294
Accumulated amortization	12,365
Net book value as at March 31, 2014	4,929
Net book December 31, 2013	5,390
Land [Member]
Cost	77,651
Accumulated amortization
Net book value as at March 31, 2014	77,651
Net book December 31, 2013	$12,414

7_Convertible_Debt_Details_Nar

7. Convertible Debt (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2014
Notes to Financial Statements
Convertible promissory note	$7,167
Gross Proceeds	$250,000

8_Loans_Payable_Details_Narrat

8. Loans Payable (Details Narrative) (USD $)	Mar. 31, 2014
Loans Payable [Abstract]
Company owed	$29,856
Company owed to a non related party	$115,281

10_Longterm_Debt_Details

10. Long-term Debt (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Long-Term Debt Details
Business Development Bank of Canada, repayable in monthly instalments of Cdn$6,000 plus interest at 7%, maturing May 17, 2018, secured by a general interest in all present and after acquired property.	$271,420	$298,956
Business Development Bank of Canada, repayable in monthly instalments of Cdn$6,667 plus interest at 8%, maturing May 17, 2018, secured by a general interest in all present and after acquired property.	301,592	332,190
John Deere Finance, repayable in monthly installments of Cdn$1,262 including interest at 0%, maturing on January 1, 2018, secured by specific equipment.	52,518	56,946
Long-term Debt	625,530	688,092
Less: current portion	-150,063	-155,932
Long-term portion	$475,467	$532,160

10_Longterm_Debt_Details_1

10. Long-term Debt (Details 1) (USD $)	Mar. 31, 2014
Long-Term Debt Details 1
2014	$113,397
2015	151,224
2016	151,224
2017	151,224
2018	58,461
Long-term Debt	$625,530

11_Capital_Lease_Obligations_D

11. Capital Lease Obligations (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Capital Lease Obligations Details
Treadco Inc., equipment lease repayable in monthly installments of $4,762 including interest at 12% per annum, due in February 2015, secured by specific field equipment.	$43,685	$57,224
Coast Capital, equipment lease repayable in monthly instalments of $1,186 including interest at 8.23% per annum, due in July 2017, secured by production equipment.	37,416	41,390
John Deere, equipment lease repayable in monthly installments of $2,766, due in May 2014, secured by field equipment.	2,480	10,167
Capital Lease Obligations	83,581	108,781
Less: current portion	-56,130	-70,032
Long-term portion	$27,451	$38,749

11_Capital_Lease_Obligations_D1

11. Capital Lease Obligations (Details 1) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Capital Lease Obligations Details 1
2014	$50,909
2015	20,403
2016	12,873
2017	7,509
Capital Leases Gross	91,694
Less: imputed interest	-8,113
Capital Leases Net	83,581
Less: current portion	-56,130	-70,032
Long-term portion	$27,451	$38,749

12_Related_Party_Transactions_

12. Related Party Transactions (Details Narrative) (USD $)	Mar. 31, 2014	Dec. 31, 2013
President
Amount owed to related party	$25,000	$0
Management fees	33,989	44,611
Rent expense	0	1,983
Chief Technology Officer
Amount owed to related party	7,500	0
Management fees	7,500	0
Treasurer and Secretary
Amount owed to related party	14,980	0
Significant Shareholder
Amount owed to related party	30,000	0
Directors
Amount owed to related party	28,647	0
Accounts payable and accrued liabilities	9,517
Management fees	40,787	31,228
Labour expense	2,719	0
Elizabeth Metis Society
Amount owed to related party	298,856	310,266
President of 1454004
Amount owed to related party	17,949	18,929
Management fees	33,989	44,611
Rent expense	0	1,983
Major Shareholder
Amount owed to related party	38,878	22,815
Management
Accounts payable and accrued liabilities	40,452	40,076
Freight and transportation expenses	62,841	80,649
Sales and marketing expenses	0	14,994
President Two
Management fees	25,000	0
Daughter President of 1454004
Management fees	20,167	12,227
Labour expense	1,210	1,452
Son President of 1454004
Management fees	11,556	12,640
Labour expense	11,556	0
Administrative fees	$11,556	$12,640

14_Stock_Options_Details

14. Stock Options (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Number of Options
Outstanding Beginning, Balance
Issued as part of the recapitalization	$3,100,000
Outstanding Beginning, Balance
Issued as part of the recapitalization	$0.10
Outstanding Ending, Balance	$2
Aggregate Intrinsic Value
Outstanding Ending, Balance	$496,000

14_Stock_Options_Details_1

14. Stock Options (Details 1) (USD $)	3 Months Ended
	Mar. 31, 2014
Stock Options Details 1
Range of exercise prices	$0.10
Number of shares	$3,100,000
Weighted average remaining contractual life(years)	4 years 10 months 24 days
Weighted average exercise price	$0.10

15_Share_Purchase_Warrants_Det

15. Share Purchase Warrants (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Share Purchase Warrants Details
Outstanding Beginning, Balance
Number of Warrants Issued	20,427,333
Outstanding Beginning, Balance
Weighted Average Exercise Price Issued	$2
Outstanding Ending, Balance	$2

15_Share_Purchase_Warrants_Det1

15. Share Purchase Warrants (Details 1) (USD $)	3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Number of Warrants	20,427,333
Exercise Price	$2
Warrant One [Member]
Number of Warrants	60,000
Exercise Price	$2
Expiry date	9/16/15
Warrant Two [Member]
Number of Warrants	34,000
Exercise Price	$2
Expiry date	9/17/15
Warrant Three [Member]
Number of Warrants	333,333
Exercise Price	$2
Expiry date	11/15/15
Warrant Four [Member]
Number of Warrants	20,000,000
Exercise Price	$2
Expiry date	8/6/23

16_Commitments_and_Contingenci2

16. Commitments and Contingencies (Details) (USD $)	Mar. 31, 2014
Commitments And Contingencies Details
2014	$21,308
2015	7,103
Remaining Lease Payment	$28,411