Sunvault Energy (SVLT) 10-K 17 Jul 15 2014 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2014	Jul. 12, 2015	Jun. 30, 2014
Document And Entity Information
Entity Registrant Name	SunVault Energy, Inc.
Entity Central Index Key	1,547,716
Document Type	10-K
Document Period End Date	Dec. 31, 2014
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 4,679,679
Entity Common Stock, Shares Outstanding		106,878,613
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,014

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Current assets:
Cash	$ 547,936	$ 547,288
Accounts receivable, net of allowance for doubtful accounts of $90,864 (2013 - $nil) (Note 7)	910,074	987,267
Inventory (Note 8)	528,727	589,320
Due from related party (Note 17)	219,707	22,815
Prepaid expenses and deposits	69,060	76,681
Total current assets	2,275,504	2,223,371
Restricted cash	12,930	$ 14,102
Deferred financing costs	34,024
Property and equipment (Note 9)	2,372,021	$ 1,546,005
Assets held for sale (Note 10)	482,044
Goodwill (Note 11)	418,851	$ 145,183
Total assets	5,595,374	$ 3,928,661
Current liabilities:
Line of credit	151,141
Accounts payable and accrued liabilities (Note 12)	1,404,392	$ 471,855
Current portion of capital lease obligations (Note 13)	163,373	70,032
Current portion of long-term debt (Note 15)	144,080	155,932
Deferred revenue	1,177,241	1,855,097
Loans payable (Note 14)	115,281	1,194,886
Due to related parties (Note 17)	327,080	329,195
Total current liabilities	3,482,588	4,076,997
Site retirement obligation	65,727	71,684
Capital lease obligations (Note 13)	377,094	38,749
Long-term debt (Note 15)	343,843	$ 532,160
Convertible debt (Note 16)	528,195
Total liabilities	$ 4,797,447	$ 4,719,590
Nature of operations and continuance of business (Note 1)
Commitments and contingencies (Note 21)
Subsequent events (Note 25)
Stockholders' equity (deficit)
Common stock, 500,000,000 shares authorized, $0.001 par value 106,878,613 and 19,500,000 shares issued and outstanding, respectively	$ 106,879	$ 19,500
Common stock issuable (Note 18)	134,916
Additional paid-in capital	3,133,549	$ (19,500)
Deferred compensation (Note 18)	(30,000)
Accumulated other comprehensive income	20,393	$ 75,791
Deficit	(2,497,613)	(1,321,331)
Total Sunvault Energy, Inc. stockholders' equity (deficit)	868,124	(1,245,540)
Non-controlling interest	(70,197)	454,611
Total stockholders' equity (deficit)	797,927	(790,929)
Total liabilities and stockholders' equity (deficit)	$ 5,595,374	$ 3,928,661

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2014	Dec. 31, 2013
Stockholders' equity (deficit)
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	106,878,613	19,500,000
Common stock, shares outstanding	106,878,613	19,500,000

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Revenue
Non-program service revenue	$ 831,065	$ 1,753,502
Recycling fee revenue	1,560,816	654,879
Scrap metal revenue	72,462	60,788
Services rig and software revenue	278,980	179,125
Tire collections revenue	1,117,864	1,571,246
Tire shred revenue	2,343,238	$ 2,771,457
Transportation revenue	1,808,360
Total revenue	8,012,785	$ 6,990,997
Direct costs
Amortization	275,167	192,333
Equipment rental and maintenance	825,150	400,660
Freight and transportation (Note 17)	1,108,303	1,879,116
Labour (Note 17)	2,348,339	614,214
Materials	171,825	973,365
Site operating costs	241,002	329,215
Tire processing costs	308,260	543,471
Total direct costs	5,278,046	4,932,374
Gross profit	2,734,739	2,058,623
Operating expenses
Amortization	50,397	28,104
Bad debt	162,529	4,256
Consulting fees (Note 17)	870,394	224,845
Equipment rental and maintenance	272,981	49,378
Management fees (Note 17)	684,374	554,983
General and administrative (Note 17)	367,788	203,064
Professional fees	404,364	200,993
Rent (Note 17)	219,033	$ 86,258
Research and development	61,815
Salaries and subcontracting fees (Note 17)	557,021	$ 183,744
Travel and promotion	174,545	129,128
Total operating expenses	3,825,241	1,664,753
Net income (loss) before other income (expense)	(1,090,502)	393,870
Other income (expense)
Gain on sale of property and equipment	87,190	$ 4,404
Gain on settlement of debt	13,900
Impairment of goodwill	(82,761)
Interest expense	$ (78,099)	$ (59,230)
Write-down of property and equipment		$ 3,383
Write-down of assets held for sale	$ (17,956)
Total other income (expense)	(77,726)	$ (58,209)
Net income (loss) before income taxes	(1,168,228)	335,661
Income tax expense (Note 24)	(27,409)	(1,438)
Net income (loss)	(1,195,637)	334,223
Less: net loss (income) attributable to non-controlling interest	19,355	(45,112)
Net income (loss) attributable to Sunvault Energy, Inc.	(1,176,282)	289,111
Comprehensive income (loss)
Foreign currency translation gain (loss)	(55,398)	65,410
Comprehensive income (loss) attributable to Sunvault Energy, Inc.	$ (1,231,680)	$ 354,521
Income (loss) per share attributable to Sunvault Energy, Inc. shareholders, basic and diluted	$ (0.01)	$ 0.01
Weighted average shares outstanding used in the calculation of net income (loss) attributable to Sunvault Energy, Inc. per common share	86,345,782	19,500,000

Consolidated Statements of Stoc

Consolidated Statements of Stockholders’ Equity (Deficit) - USD ($)	Common Stock	Common Stock Issuable	Additional Paid-In Capital	Deferred Compensation	Accumulated Other Comprehensive Income (Loss)	Deficit	Non-controlling Interest	Total
Beginning Balance, Shares at Dec. 31, 2012	19,500,000
Beginning Balance, Amount at Dec. 31, 2012	$ 19,500		$ (19,500)		$ 10,381	$ (1,610,442)	$ 409,499	$ (1,190,562)
Foreign exchange translation gain (loss)					$ 65,410			65,410
Net income (loss)						$ 289,111	$ 45,112	334,223
Ending Balance, Shares at Dec. 31, 2013	19,500,000
Ending Balance, Amount at Dec. 31, 2013	$ 19,500		$ (19,500)		$ 75,791	$ (1,321,331)	$ 454,611	(790,929)
Foreign exchange translation gain (loss)					$ (57,297)			$ (57,297)
February 19, 2014 - recapitalization transactions Shares of Sunvault Energy, Inc., Shares	65,827,333
February 19, 2014 - recapitalization transactions Shares of Sunvault Energy, Inc., Amount	$ 65,827		$ (65,827)
Net assets acquired			133,940					$ 133,940
Shares issued pursuant to purchase agreement with 1301540 Alberta Ltd., Shares	9,000,000
Shares issued pursuant to purchase agreement with 1301540 Alberta Ltd., Amount	$ 9,000		379,894					$ 388,894
Shares issued to acquire 500,000 Class A common shares of CleanGen Inc., Shares	8,000,000
Shares issued to acquire 500,000 Class A common shares of CleanGen Inc., Amount	$ 8,000		495,554		$ 1,899		$ (505,453)
Shares issued pursuant to share purchase agreement with Eco-West Transport Inc., Shares	3,333,334
Shares issued pursuant to share purchase agreement with Eco-West Transport Inc., Amount	$ 3,333		346,667					$ 350,000
Rescission of shares issued to Eco-West Transport Inc., Shares	(3,333,334)
Rescission of shares issued to Eco-West Transport Inc., Amount	$ (3,333)		(346,667)					(350,000)
Shares issued for property and equipment, Shares	1,400,000
Shares issued for property and equipment, Amount	$ 1,400		232,600					234,000
Shares issued to settle convertible debt, Shares	191,130
Shares issued to settle convertible debt, Amount	$ 192		37,641					37,833
Shares issued to settle related party debt, Shares	230,000
Shares issued to settle related party debt, Amount	$ 230		30,870					31,100
Shares issued for consulting services, Shares	2,540,150
Shares issued for consulting services, Amount	$ 2,540		453,088	$ (49,000)				$ 406,628
Shares issued pursuant to a re-pricing of a private placement, Shares	190,000
Shares issued pursuant to a re-pricing of a private placement, Amount	$ 190		(190)
Fair value of share purchase warrants issued			$ 1,800					$ 1,800
Deferred compensation charged to operations				$ 19,000				19,000
Forgiveness of related party debt			$ 1,453,679					1,453,679
Common stock issuable		$ 134,916						134,916
Net income (loss)						$ (1,176,282)	$ (19,355)	(1,195,637)
Ending Balance, Shares at Dec. 31, 2014	106,878,613
Ending Balance, Amount at Dec. 31, 2014	$ 106,879	$ 134,916	$ 3,133,549	$ (30,000)	$ 20,393	$ (2,497,613)	$ (70,197)	$ 797,927

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Operating activities
Net income (loss)	$ (1,195,637)	$ 334,223
Adjustments to reconcile net loss to net cash provided by operating activities:
Amortization	325,564	$ 220,437
Amortization of deferred financing costs	8,148
Gain on sale of property and equipment	(87,190)	$ (4,404)
Gain on settlement of debt	(13,900)
Impairment of goodwill	82,761
Stock-based compensation	427,428
Write-down of assets held for sale	$ 17,956
Write-down of property and equipment		$ 3,383
Changes in operating assets and liabilities:
Accounts receivable	$ 356,139	(616,019)
Inventory	60,593	891,074
Due from related party	(34,383)	(23,561)
Prepaid expenses and deposits	12,175	70,122
Accounts payable and accrued liabilities	636,302	(229,859)
Deferred revenue	(677,856)	(14,897)
Due to related parties	259,394	437,138
Net cash provided by operating activities	177,494	$ 1,067,637
Investing activities
Advances to related parties	(162,509)
Cash acquired on recapitalization	$ 562
Cash acquired on acquisition of 1098541 Alberta Ltd.		$ 314,474
Proceeds from disposal of property and equipment	$ 241,632
Purchase of property and equipment	$ (374,479)	$ (438,445)
Redemption of term deposit		631,282
Net cash provided by (used in) investing activities	$ (294,794)	$ 507,311
Financing activities
Line of credit	49,085
Deferred financing costs	(42,172)
Proceeds from convertible debt	$ 538,541
Proceeds from loans payable		$ 61,176
Proceeds from related parties	$ 25,860
Repayment of loans payable	(32,601)	$ (852,757)
Repayment of long-term debt	(150,223)	(179,774)
Repayment of capital lease obligations	(114,369)	$ (76,617)
Repayments to related parties	(12,930)
Net cash provided by (used in) financing activities	261,191	$ (1,047,972)
Effect of foreign exchange rate changes on cash	(143,243)	(19,216)
Increase in cash	648	507,760
Cash, beginning of year	547,288	39,528
Cash, end of year	$ 547,936	$ 547,288

1. Nature of Operations and Con

1. Nature of Operations and Continuance of Business	12 Months Ended
	Dec. 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. (refer to Note 3). On April 11, 2014, the Company entered into a purchase agreement with 1301540 Alberta Ltd., an Alberta, Canada corporation, operating under the name Werkman Transport (refer to Note 4), to acquire its business operations. On July 15, 2014, the Company entered into a purchase agreement to acquire the remaining non-controlling interest of CleanGen Inc. (refer to Note 5). The Company's current business is to provide renewables integration into energy production, energy delivery, and energy consumption as well as transport services. 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 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 December 31, 2014, the Company has a working capital deficiency of $1,207,084 and has accumulated losses of $2,497,613 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	12 Months Ended
	Dec. 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 the following entities: Werkman Transport Inc. Wholly-owned subsidiary of the Company 1454004 Alberta Ltd. Wholly-owned subsidiary of the Company CleanGen Power Corp. Wholly-owned subsidiary of 1454004 Alberta Ltd. CleanGen Inc. Wholly-owned subsidiary of 1454004 Alberta Ltd. CleanGen Aboriginal HR Services Ltd. Wholly-owned subsidiary of CleanGen Inc. 1098541 Alberta Ltd. Wholly-owned subsidiary of CleanGen Inc. Cutting Edge Tire Recycling Limited Partnership Wholly-owned subsidiary of 1098541 Alberta Ltd. Coole Immersive Inc. 75.5% owned subsidiary of CleanGen Inc. All inter-company balances and transactions have been eliminated. (b) Use of Estimates The preparation of these 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, valuation of inventory, the estimated useful lives and recoverability of property and equipment, valuation of assets held for sale, impairment of goodwill, stock-based compensation, capitalization of lease obligations, 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. (c) 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. (d) 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. The Company reviews the adequacy of its allowance for doubtful accounts on a regular basis. (e) Inventory Inventory consists of shredded tire inventory, mulch inventory, and agriculture water tanks 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. (f) Equipment Equipment is initially recorded at cost. Amortization is provided using the following rates: Building 20 years straight-line Computer equipment 3 years straight-line Field and production equipment 5 to 15 years straight-line Furniture 20% declining balance Transportation equipment 9 to 20 years straight-line Trucks 25% declining balance (g) 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 statement 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. (h) 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. (i) Impairment of Long-lived Assets In accordance with ASC 360, " Property, Plant, and Equipment (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) 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 sand sales, wood recycling tipping fees, service rig training, transportation services, and software services. In accordance with ASC 605, " Revenue Recognition" 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. (l) Income Taxes The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, " Income Taxes (m) 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 Matters The Company uses the current rate method to translate the financial statements of its Canadian subsidiaries to its reporting currency. Accordingly, assets and liabilities are translated into US dollars at the period end exchange rate while revenue and expenses are translated at the average exchange rates during the period. Related exchange gains and losses are included in a separate component of stockholders' equity as accumulated other comprehensive income. (n) Financial Instruments and Fair Value Measures ASC 820, " Fair Value Measurements and Disclosures 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, accounts receivable, restricted cash, accounts payable and accrued liabilities, amounts due to/from related parties, loans payable, long-term debt, and convertible debt. Pursuant to ASC 820, the fair values of cash and restricted cash 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, except for convertible debt and long-term debt, approximate their current fair values because of their nature and respective maturity dates or durations. The carrying amounts of convertible debt and long-term debt approximate fair value because they are priced at interest rates consistent with the Company's current borrowing rates on similar debt based on the security underlying the debt or the conversion features associated with the debt. (o) Stock-based Compensation The Company records stock-based compensation in accordance with ASC 718 “Compensation – Stock Compensation” and ASC 505, “Equity Based Payments to Non-Employees”, using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measureable. (p) Earnings (Loss) Per Share The Company computes earnings (loss) per share in accordance with ASC 260, “Earnings per Share”. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As at December 31, 2014, the Company has 24,378,849 (2013 – nil) potentially dilutive shares outstanding. (q) Comprehensive Income ASC 220, “ Comprehensive Income (r) Reclassifications Certain of the prior year figures have been reclassified to conform to the current year's presentation. (s) 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.	12 Months Ended
	Dec. 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 year then ended, 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 Accounts payable and accrued liabilities (152,064 ) Convertible debt (22,167 ) Loan payable (115,281 ) Due to related parties (77,110 ) Total purchase price 133,940

4. Acquisition of Business Oper

4. Acquisition of Business Operations of 1301540 Alberta Ltd.	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Acquisition of Business Operations of 1301540 Alberta Ltd.	On April 11, 2014, the Company entered into a purchase agreement with 1301540 Alberta Ltd. ("1301540"), 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, excluding all land and buildings, 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$1,000,000 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. ("WTI"), under which the purchased assets and assumed liabilities of 1301540 were transferred upon receipt by 1301540 of the 5,000,000 shares of common stock of the Company. On April 15, 2014 (the "Closing Date"), the Company issued 5,000,000 shares of common stock pursuant to the purchase agreement. On October 10, 2014, the Company issued an additional 4,000,000 shares of common stock pursuant to the purchase agreement. In accordance with ASC 805, " Business Combinations" The fair value of the assets acquired and liabilities assumed from 1301540 are as follows: $ Accounts receivable 278,946 Prepaid expenses 4,554 Transportation equipment 498,179 Goodwill 273,224 Accounts payable and accrued liabilities (159,837 ) Loan payable (102,056 ) Capital lease obligations (258,461 ) Total purchase price 534,549

5. Acquisition of CleanGen Inc.

5. Acquisition of CleanGen Inc.	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Acquisition of CleanGen Inc.	On July 15, 2014, the Company entered into a purchase agreement with Kanata Metis Cultural Enterprises Ltd. ("Kanata"), an Alberta, Canada corporation and Elizabeth Metis Settlement ("EMS"), an Alberta, Canada statutory corporation. Kanata and EMS are entities under common control. Pursuant to the agreement, the Company agreed to purchase 500,000 Class A shares of common stock of CleanGen Inc., in exchange for 8,000,000 shares of common stock of the Company. As part of the agreement, the aggregate amount of loans payable to Kanata of $1,161,042 (Cdn$1,235,000) and amount owed to EMS of $310,266 (Cdn$330,031) were forgiven. Refer to Notes 13 and 17. On July 23, 2014, the Company issued 8,000,000 shares of common stock pursuant to the purchase agreement and now has 100% of the issued and outstanding shares of CleanGen Inc. In accordance with ASC 810, " Consolidation" $ Net loss attributable to Sunvault Energy, Inc. (1,176,282 ) Increase in the Company's paid-up capital for purchase of 500,000 Class A shares of common stock of CleanGen Inc. 505,453 Change from net loss attributable to Sunvault Energy, Inc. and transfers from the non-controlling interest (670,829 )

6. Acquisition of 1098541 Alber

6. Acquisition of 1098541 Alberta Ltd.	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Acquisition of 1098541 Alberta Ltd.	On January 21, 2013, 1454004's 50% owned subsidiary, CleanGen Inc., entered into a purchase and sale agreement with EMS, whereby CleanGen Inc. acquired 50% of the outstanding shares of 1098541 Alberta Ltd. ("1098541"), including its 50% ownership in the limited partnership units of CuttingEdge Tire Recycling Limited Partnership ("CuttingEdge"), in exchange for $717,918 (Cdn$720,000). Of the $717,918 purchase price, $358,928 (Cdn$359,969) was paid during the year ended December 31, 2012, and was included in deferred acquisition costs at December 31, 2012. At January 21, 2013, the remaining 50% ownership of 1098541 and CuttingEdge was held by Denesoline Environment Ltd. ("DEL"). On January 28, 2013, pursuant to the amended partnership agreement, DEL divested itself of its interest in 1098541 and CuttingEdge, and its 10 Class A common shares of 1098541 and its 10 Class A partnership units of CuttingEdge were cancelled for a payment of $757,796 (Cdn$760,000). The closing date of the purchase and sale agreement with EMS was January 29, 2013, upon which CleanGen Inc. gained a 100% interest in 1098541, including its 100% interest in the limited partnership units of CuttingEdge. At the date of acquisition, the fair values of the assets and liabilities of CuttingEdge consisted of the following: $ Cash 314,474 Accounts receivable 245,040 Advances to related party 525,533 Prepaid expenses 148,073 Inventory 1,540,203 Equipment 1,199,942 Goodwill 24,746 Accounts payable and accrued liabilities (265,965 ) Deferred revenue (1,982,861 ) Site retirement obligation (76,030 ) Long-term debt (851,610 ) Capital lease obligations (103,627 ) Total purchase price 717,918

7. Accounts Receivable

7. Accounts Receivable	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Accounts Receivable	December 31, 2014 $ December 31, 2013 $ Trade accounts receivable 898,141 952,575 GST receivable 9,411 30,088 Other receivable 2,522 4,604 910,074 987,267

8. Inventory

8. Inventory	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Inventory	December 31, 2014 $ December 31, 2013 $ Agriculture water tanks 846 -- Tire mulch 14,881 -- Tire shred 513,000 589,320 528,727 589,320

9. Property and Equipment

9. Property and Equipment	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Property and Equipment	Cost $ Accumulated amortization $ Net book value as at 31, 2014 Net book December 31, 2013 Building 94,768 -- 94,768 -- Computer equipment 36,894 15,726 21,168 22,395 Field and production equipment 1,838,343 410,559 1,427,784 1,505,806 Furniture 20,825 8,044 12,781 5,390 Land 73,982 -- 73,982 12,414 Transportation equipment 756,482 70,745 685,737 -- Truck 64,000 8,199 55,801 -- 2,885,294 513,273 2,372,021 1,546,005 As at December 31, 2014, included in field and production equipment are assets under capital lease with an original cost of $224,515 (2013 - $303,049) and accumulated amortization of $35,898 (2013 - $47,405). Included in transportation equipment are assets under capital lease with an original cost of $586,669 (2013 - $nil) and accumulated amortization of $51,727 (2013 - $nil). During the year ended December 31, 2014, amortization expense includes $72,126 (2013 - $32,228) related to assets under capital leases. As at December 31, 2014, field and production equipment includes machinery with a carrying value of $nil (2013 - $214,484) which was not available for use. As a result, no amortization of these assets has been recorded.

10. Assets Held For Sale

10. Assets Held For Sale	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Assets Held For Sale	Assets held for sale consists of solar panels which the Company acquired by issuing 333,333 units with a fair value of $500,000 in 2013. Refer to Note 18(bb). During the year ended December 31, 2014, the Company recorded a write-down of $17,956 due to lost or damaged solar panels.

11. Goodwill

11. Goodwill	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Goodwill	Cost Foreign currency translation adjustment Impairment Net carrying value as at December 31, 2014 Net carrying value as at December 31, 2013 Coole Immersive Inc. 137,095 (18,022 ) -- 119,073 129,864 CuttingEdge Tire Recycling Limited Partnership 24,746 (9,990 ) (14,756 ) -- 15,319 Werkman Transport Inc. 273,224 94,559 (68,005 ) 299,778 -- 435,065 66,547 (82,761 ) 418,851 145,183

12. Accounts Payable and Accrue

12. Accounts Payable and Accrued Liabilities	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Accounts Payable and Accrued Liabilities	December 31, 2014 $ December 31, 2013 $ Trade accounts payable 1,202,012 382,967 Accrued liabilities 63,095 40,631 GST payable 61,165 -- Income taxes payable 26,745 -- Salaries payable 44,910 41,206 Other payable 6,465 7,051 1,404,392 471,855

13. Capital Lease Obligations

13. Capital Lease Obligations	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Capital Lease Obligations	December 31, 2014 $ December 31, 2013 $ Treadco Inc., equipment lease repayable in monthly installments of $4,310 including interest at 12% per annum, due in February 2015, secured by specific field equipment. 23,707 57,224 Coast Capital, equipment lease repayable in monthly instalments of $1,022 including interest at 8.23% per annum, due in July 2017, secured by production equipment. 28,456 41,390 Coast Capital, equipment lease repayable in monthly instalments of $920 including interest at 8.23% per annum, due in July 2017, secured by production equipment. 34,988 -- National Leasing Group Inc., equipment lease repayable in monthly installments of $955, due in June 2019, secured by transportation equipment. 25,060 -- John Deere Finance, equipment lease repayable in monthly installments of $2,362, due in May 2014, secured by field equipment. -- 10,167 Travelers Financial Corporation, equipment lease repayable in monthly installments of $1,804, due in June 2016, secured by transportation equipment. 30,335 -- Travelers Financial Corporation, equipment lease repayable in monthly installments of $1,922, due in September 2016, secured by transportation equipment. 37,104 -- Travelers Financial Corporation, equipment lease repayable in monthly installments of $3,610, due in June 2018, secured by transportation equipment. 131,733 -- Mercado Capital Corporation, equipment lease repayable in monthly installments of $1,505, due in June 2019, secured by transportation equipment. 66,649 -- Blue Chip Leasing Corporation, equipment lease repayable in monthly installments of $706, due in June 2019, secured by transportation equipment. 24,630 -- National Leasing Group Inc., equipment lease repayable in monthly installments of $675, due in June 2019, secured by transportation equipment. 22,871 -- Westana Equipment Leasing Inc., equipment lease repayable in monthly installments of $1,888, due in June 2019, secured by transportation equipment. 57,467 -- Westana Equipment Leasing Inc., equipment lease repayable in monthly installments of $1,888, due in June 2019, secured by transportation equipment. 57,467 -- 540,467 108,781 Less: current portion (163,373 ) (70,032 ) Long-term portion 377,094 38,749 Future minimum lease payments related to capital lease obligations are as follows: $ 2015 222,843 2016 184,201 2017 149,962 2018 110,186 2019 7,738 674,930 Less: imputed interest (134,463 ) 540,467 Less: current portion (163,373 ) Long-term portion 377,094

14. Loans Payable

14. Loans Payable	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Loans Payable	(a) As at December 31, 2014, the Company owed $nil (Cdn$nil) (2013 - $1,161,042 (Cdn$1,235,000)) to Kanata. The amount is non-interest-bearing, unsecured, and due on demand. During the year ended December 31, 2014, the loan was forgiven by Kanata and recorded as additional paid-in capital. Refer to Note 5. The Company recorded a foreign exchange gain of $13,912 to accumulated other comprehensive income upon forgiveness of debt. (b) As at December 31, 2014, the Company owed $nil (Cdn$nil) (2013 -- $33,844 (Cdn$36,000)) to Terrence Smith for the acquisition of Coole on July 19, 2012. The amount was secured by assets of Coole, non-interest bearing, and due on December 31, 2014. (c) As at December 31, 2014, the Company owed $115,281 (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.

15. Long-term Debt

15. Long-term Debt	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Long-term Debt	December 31, 2014 $ December 31, 2013 $ 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. 212,051 298,956 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. 235,624 332,190 John Deere Finance, repayable in monthly installments of Cdn$1,262 including interest at 0%, maturing on January 1, 2018, secured by specific equipment. 40,248 56,946 487,923 688,092 Less: current portion (144,080 ) (155,932 ) Long-term portion 343,843 532,160 Principal repayments on long-term debt in each of the next four years are as follows: Year Cdn$ $ 2015 167,147 144,080 2016 167,147 144,080 2017 167,147 144,080 2018 64,597 55,683 566,038 487,923

16. Convertible Debt

16. Convertible Debt	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Convertible Debt	(a) On October 31, 2013, the Company issued a convertible promissory note in exchange for settlement of accounts payable of $15,000. The note bears interest at 8% per annum, is unsecured, and was 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. On April 10, 2014, the Company issued 110,835 shares of common stock to settle the convertible debt of $22,167. Refer to Note 18(d). (b) On November 1, 2013, the Company issued a convertible promissory note in exchange for settlement of accounts payable of $25,000. The note bears interest at 8% per annum, is unsecured, and was 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 18, 2014, the Company issued 350,000 shares of common stock to settle the convertible debt of $35,000. Refer to Note 18(u). (c) 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 $225,455. The convertible debentures are unsecured, 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. The Company incurred financing costs of $23,450 in connection with the financing, which was deferred and will be amortized over the term of the debt. During the year ended December 31, 2014, the Company amortized $8,148 of the deferred financing costs. In accordance with ASC 470-20, " Debt with Conversion and Other Options (d) Effective December 15, 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 $302,740. The convertible debentures carry interest at the rate of 10% calculated annually and paid quarterly and may be converted into shares of the Company's common stock, after six months from issuance, at a conversion price of $0.20 per share. If converted into common shares, the holder is entitled to one full warrant with an exercise price of $0.50 for a period of two years. The Company must pay back the principal amount outstanding and accrued and unpaid interest any time before or at the maturity date, which is two years from the date of issuance. In accordance with ASC 470-20, " Debt with Conversion and Other Options

17. Related Party Transactions

17. Related Party Transactions	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Related Party Transactions	(a) As at December 31, 2014, the Company owed $10,286 (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 December 31, 2014, the Company was owed $56,511 (2013 - $nil) from a company controlled by the President of the Company, which is unsecured, non-interest bearing, and due on demand. (c) As at December 31, 2014, the Company owed $19,500 (2013 - $nil) to the Chief Technology Officer of the Company, which is unsecured, non-interest bearing, and due on demand. (d) As at December 31, 2014, the Company owed $14,980 (2013 - $nil) to the Treasurer and Secretary of the Company, which is unsecured, non-interest bearing, and due on demand. (e) As at December 31, 2014, the Company owed $107,232 (2013 - $nil) to a director of the Company, which is unsecured, non-interest bearing, and due on demand. (f) As at December 31, 2014, the Company was owed $158,886 (2013 - $nil) from a company controlled by a significant shareholder of the Company, which is unsecured, non-interest bearing, and due on demand. (g) As at December 31, 2014, the Company was owed $4,310 (Cdn$5,000) (2013 - $nil) from a director of the Company, which is unsecured, non-interest bearing, and due on demand. (h) As at December 31, 2014, the Company owed $20,804 (Cdn$24,134) (2013 - $18,929 (Cdn$20,134)) to the President and companies controlled by the President of 1454004, which is unsecured, non-interest bearing, and due on demand. (i) As at December 31, 2014, the Company owed $nil (2013 - $310,266 (Cdn$330,031)) to Elizabeth Metis Society, an entity under common control, related to the acquisition of 1098541 Alberta Ltd. The amount was unsecured, non-interest bearing, and due on demand. Refer to Note 5. The Company recorded a foreign exchange gain of $3,717 to accumulated other comprehensive income upon forgiveness of debt. (j) As at December 31, 2014, the Company owed $69 (Cdn$80) to (2013 -- was owed $22,815 (Cdn$24,268) from) a shareholder of Coole, which is unsecured, non-interest bearing, and due on demand. (k) As at December 31, 2014, the Company owed $154,209 (Cdn$178,898) (2013 -- $nil) to the President of WTI, which is unsecured, non-interest bearing, and due on demand. (l) For the year ended December 31, 2014, the Company incurred management fees of $133,573 (2013 - $172,858), consulting fees of $37,129 (2013 - $nil) and rent expense of $nil (2013 - $29,527) to the President and companies controlled by the President of 1454004. (m) For the year ended December 31, 2014, the Company incurred freight and transportation expenses of $62,952 (2013 - $377,467), equipment rental expenses of $3,521 (2013 - $nil), and sales and marketing expenses of $nil (2013 - $51,919) to a company owned by the spouse of a member of management of the Company. As at December 31, 2014, $nil (2013 - $40,076 (Cdn$42,629)) of these charges was included in accounts payable and accrued liabilities. (n) For the year ended December 31, 2014, the Company incurred labour costs of $296,824 (2013 - $nil) to a company controlled by the brother of the President of WTI. (o) For the year ended December 31, 2014, the Company incurred consulting fees of $36,223 (2013 - $nil) to a company controlled by a significant shareholder. (p) For the year ended December 31, 2014, the Company incurred consulting fees of $7,245 (2013 - $nil) to a director of the Company. (q) For the year ended December 31, 2014, included in labour costs are the following amounts: · $4,567 (2013 - $11,284) paid to the daughter of the President of 1454004; and · $41,035 (2013 - $55,248) paid to the son of the President of 1454004. (r) For the year ended December 31, 2014, included in salaries and subcontracting fees are the following amounts: · $3,490 (2013 - $nil) paid to the son of the President of 1454004; and · $12,980 (2013 - $nil) paid to a director of 1454004. (s) For the year ended December 31, 2014, included in management fees are the following amounts: · $115,000 (2013 - $nil) paid to the President of the Company; · $34,500 (2013 - $nil) paid to the Chief Technology Officer of the Company; · $141,755 (2013 - $nil) paid to a director of the Company; · $76,974 (2013 - $nil) paid to the President of WTI; · $76,119 (2013 - $69,782) paid to the daughter of the President of 1454004; · $46,185 (2013 - $40,785) paid to the son of the President of 1454004; and · $129,800 (2013 - $126,695) paid to a director of 1454004.

18. Common Stock

18. Common Stock	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Common Stock	Share transactions for the year ended December 31, 2014: (a) On March 7, 2014, the Company issued 19,500,000 shares of common stock pursuant to the share purchase agreement with 1454004 to effect the acquisition and reverse capitalization. Refer to Note 3. (b) On April 4, 2014, the Company issued 120,000 shares of common stock with a fair value of $15,600 to a company controlled by the President of the Company to settle debt of $30,000. The Company recorded a gain on settlement of debt of $14,400. (c) On April 4, 2014, the Company issued 50,000 shares of common stock with a fair value of $6,500 to the Chief Technology Officer of the Company to settle debt of $12,500. The Company recorded a gain on settlement of debt of $6,000. (d) On April 10, 2014, the Company issued 191,130 shares of common stock with a fair value of $37,833 to settle the convertible debt of $22,167, accounts payable of $15,000 and accrued interest of $666. Refer to Note 16(a). (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 28, 2014, the Company issued 5,000,000 shares of common stock with a fair value of $178,183 pursuant to the purchase agreement with 1301540. Refer to Note 4. (g) On June 5, 2014, the Company issued 100,000 shares of common stock with a fair value of $19,000 to a consultant pursuant to a consulting agreement dated April 15, 2014, of which $19,000 was expensed as consulting fees which reflects the pro-rata portion of the services provided to December 31, 2014. The fair value of the shares was determined based on the closing price of the Company's common stock at $0.19 per share on April 15, 2014. (h) On June 5, 2014, the Company issued 300,000 shares of common stock with a fair value of $30,000 to a consultant pursuant to an agreement dated March 1, 2014, which was recorded as deferred compensation and will be expensed as consulting fees pro-rata over the term of the agreement which will commence in March 2015. The fair value of the shares was determined based on the closing price of the Company's common stock at $0.10 per share on March 1, 2014. (i) On June 5, 2014, the Company issued 500,000 shares of common stock with a fair value of $60,000 to a consultant pursuant to an agreement dated March 15, 2014. (j) On June 6, 2014, the Company issued 600,000 shares of common stock with a fair value of $114,000 to a consultant pursuant to an agreement dated April 15, 2014. (k) On June 6, 2014, the Company issued 40,150 shares of common stock with a fair value of $7,628 to a consultant pursuant to an agreement dated May 28, 2014. (l) On June 11, 2014, the Company issued 60,000 shares of common stock with a fair value of $9,000 to the Chief Technology Officer of the Company to settle debt of $9,000. (m) On June 11, 2014, the Company issued 500,000 shares of common stock with a fair value of $95,000 to a consultant pursuant to an agreement dated April 15, 2014. (n) On July 23, 2014, the Company issued 8,000,000 shares of common stock to acquire 500,000 Class A shares of common stock of CleanGen Inc., upon which the Company secured a 100% interest of CleanGen Inc. Refer to Note 5. (o) 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 shares of common stock issued on September 16, 2013. (p) On August 8, 2014, the Company issued 1,000,000 shares of common stock with a fair value of $170,000 to two vendors to purchase trailer units pursuant to equipment purchase agreements dated July 25, 2014. (q) On August 8, 2014, the Company issued 400,000 shares of common stock with a fair value of $64,000 to a vendor to purchase an oil service truck pursuant to an equipment purchase agreement dated July 29, 2014. (r) On September 26, 2014, pursuant to an addendum to the Services and Commission Agreement with Aboriginal Financial Services Corporation ("AFSC"), a company controlled by a director of the Company, the Company issued 500,000 shares of common stock with a fair value of $130,000 to AFSC as additional consideration for AFSC's performance of services rendered in identifying and introducing other business opportunities to the Company. Refer to Note 21(g). (s) On October 10, 2014, the Company issued 4,000,000 shares of common stock with a fair value of $210,711 pursuant to the purchase agreement with 1301540 Alberta Ltd. as payment towards the purchase price. Refer to Note 4. (t) As at December 31, 2014, the Company had $134,916 (Cdn$156,516) (2013 -- $nil) in common stock issuable to a company controlled by the President of WTI for the acquisition of certain assets and assumption of certain liabilities of 1301540 on April 15, 2014. Refer to Note 4. Share transactions of the Company prior to the reverse capitalization: Common Stock Additional Paid-in Shares Amount Capital Balance, December 31, 2012 101,600,000 101,600 (15,501 ) Shares issued for cash 94,000 94 125,906 Shares returned for cancellation (36,850,000 ) (36,850 ) 36,850 Shares issued for assets held for sale 333,333 333 499,667 Balance, December 31, 2013 65,177,333 65,177 646,922 Fair value of stock options vested -- -- 231,320 Shares issued to settle convertible debt 350,000 350 34,650 Shares issued for services rendered 300,000 300 29,700 Balance, February 19, 2014 65,827,333 65,827 942,592 Share transactions of the Company for the period from December 31, 2013 to February 19, 2014 prior to the reverse capitalization: (u) On February 18, 2014, the Company issued 350,000 shares of common stock to settle convertible debt of $35,000. Refer to Note 16(b). (v) On February 18, 2014, the Company issued 300,000 shares of common stock pursuant to a licensing agreement. Refer to Note 21(c). Share transactions of the Company for the year ended December 31, 2013 prior to the reverse capitalization: (w) On May 31, 2013, the Company increased its authorized shares from 75,000,000 to 500,000,000 shares of common stock. (x) On June 28, 2013, the Company effected a 20-for-1 forward stock split of its issued shares of common stock. All share amounts were retroactively restated for all periods presented. (y) On August 6, 2013, the Company accepted 36,850,000 shares of common stock for return and cancellation from a significant shareholder in exchange for the issuance of 20,000,000 share purchase warrants and the transfer of intellectual property that it had previously acquired for a nominal amount. The share purchase warrants are exercisable at $2.00 per share expiring ten years from the date of issuance. (z) On September 16, 2013, the Company issued 60,000 units at $1.25 per unit for proceeds of $75,000. Each unit consisted of one share of common stock and one share purchase warrant exercisable at $2.00 per share expiring two years from the date of issuance. The subscriber is required to exercise the share purchase warrants if the Company's share price trades at a price of $2.50 or higher for a period of 14 consecutive days. (aa) On September 17, 2013, the Company issued 34,000 units at $1.50 per unit for proceeds of $51,000. Each unit consisted of one share of common stock and one share purchase warrant exercisable at $2.00 per share expiring two years from the date of issuance. The subscriber is required to exercise the share purchase warrants if the Company's share price trades at a price of $2.50 or higher for a period of 14 consecutive days. (bb) On November 15, 2013, the Company issued 333,333 units with a fair value of $500,000 to a significant shareholder for the purchase solar panels. Each unit consisted of one share common stock and one share purchase warrant exercisable at $2.00 per share expiring two years from the date of issuance. The subscriber is required to exercise the share purchase warrants if the Company's share price trades at a price of $2.50 or higher for a period of 14 consecutive days.

19. Stock Options

19. Stock Options	12 Months Ended
	Dec. 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 options Weighted average exercise price Aggregate intrinsic value Outstanding, December 31, 2012 and 2013 -- -- Issued as part of the recapitalization 3,100,000 0.10 Outstanding, December 31, 2014 3,100,000 0.10 744,000 Additional information regarding stock options outstanding as at December 31, 2014, is as follows: Outstanding and exercisable Range of exercise prices Number of shares Weighted average remaining contractual life (years) Weighted average exercise price 0.10 3,100,000 4.1 0.10

20. Share Purchase Warrants

20. Share Purchase Warrants	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Share Purchase Warrants	Pursuant to a consulting agreement dated April 15, 2014, the Company issued 100,000 share purchase warrants exercisable at a price of $2.00 per share for a term of three years. The fair value of the warrants of $1,800 was estimated using the Black-Scholes option pricing model with the following weighted average market assumptions: expected life -- 3 years; volatility -- 100%; dividend rate -- 0%; and risk free rate -- 0.84%. The following table summarizes the continuity of share purchase warrants: Number of warrants Weighted average exercise price Balance, December 31, 2013 -- -- Issued as part of the recapitalization 20,427,333 2.00 Issued to a consultant 100,000 2.00 Balance, December 31, 2014 20,527,333 2.00 As at December 31, 2014, the following share purchase warrants were outstanding: Number of warrants Exercise Price Expiry date 60,000 2.00 September 16, 2015 34,000 2.00 September 17, 2015 333,333 2.00 November 15, 2015 100,000 2.00 April 15, 2017 20,000,000 2.00 August 6, 2023 20,527,333

21. Commitments and Contingenci

21. Commitments and Contingencies	12 Months Ended
	Dec. 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 $2,256 (Cdn$2,617) per month, expiring on March 31, 2015. The minimum lease payment over the remaining term of the lease is $6,768. (b) On September 14, 2011, CleanGen Power received notice that The Groundworx Co. ("Groundworx") was seeking damages of Cdn$33,678 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 filed a Statement of Defense and Counterclaim, seeking damages of Cdn$6,000,000 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. CleanGen Power has until April 30, 2016 to advance the action or it risks automatic dismissal for delay by the Court. (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 18(v). 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 year 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, the company controlled by the President of the Company will be entitled to termination pay of $240,000. (e) 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. As the Company have not received further communications from the Province of Alberta, there is uncertainty as the the estimated amount owed and the probability of the payout. As such, the Company did not record an accrual for the contingent liability. (f) On April 15, 2014, the Company entered into a management agreement with 1301540 whereby the Company is to pay Cdn$10,000 per month for management services of Jason Werkman for a term of five years. (g) On April 24, 2014, the Company entered into a Services and Commission Agreement with 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 retainer of Cdn$3,000 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. On September 26, 2014, pursuant to an addendum to the Services and Commission Agreement with AFSC, the Company issued 500,000 shares of common stock to AFSC as additional consideration for AFSC's performance of services rendered in identifying and introducing other business opportunities to the Company. Refer to Note 18(r). (h) On December 15, 2014, the Company entered into a license and development agreement with a non-related party to develop the nanotech energy graphine energy storage device. Pursuant to the agreement, the Company shall provide all funding in a sufficient amount to (i) develop and equip a factory to manufacture the products; and (ii) provide the proposed funding of $10,000,000 within 75 days of December 15, 2014. On June 3, 2015, the agreement was mutually terminated.

22. Supplemental Cash Flow Info

22. Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Supplemental Cash Flow Information	$ $ Non-cash investing and financing activities: Forgiveness of related party debt recorded as additional paid-in capital 1,453,679 -- Property and equipment financed under capital lease 350,396 149,497 Shares issued to acquire the business operations of 1301540 Alberta Ltd. 388,894 -- Shares issued to acquire property and equipment 234,000 -- Shares issued to settle convertible debt 22,167 -- Shares issued to settle related party debt 31,100 -- Shares issued to settle accounts payable and accrued liabilities 15,666 -- Supplemental disclosures: Interest paid 75,240 57,653 Income taxes paid 2,388 6,280

23. Segmented Information

23. Segmented Information	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Segmented Information	The Company has three reportable segments: (i) recycling services, (ii) services rig and software revenue, and (iii) transportation services. The Company allocates resources to and assess the performance of each reportable segment using information about its revenue and operating income (loss). The Company does not evaluate operating segments using discrete asset information. The "Corporate and other" category includes income, expenses and charges such as: · results of operations of various initiatives which support all of the Company's reportable segments; · corporate management costs, such as human resources, finance and legal, not allocated to the Company's reportable segments; and · stock-based compensation. The following table summarizes the financial performance of the Company's reportable segments: 2014 $ 2013 $ Recycling services 5,925,445 6,811,872 Services rig and software revenue 278,980 179,125 Transportation services 2,121,341 -- Elimination of inter-segment net revenue (312,981 ) -- Total consolidated net revenue 8,012,785 6,990,997 The following table provides a reconciliation to the Company's consolidated operating results: 2014 $ 2013 $ Recycling services 454,914 310,881 Services rig and software revenue 38,744 13,774 Transportation services (227,881 ) 257,111 Corporate and other (1,356,279 ) (187,896 ) Total consolidated operating income (loss) (1,090,502 ) 393,870 Segmentation by geographical location is not presented as all revenues are earned in Canada and all long-lived assets are located in Canada. Total assets by segment are not presented as that information is not used to allocate resources or assess performance at the segment level and is not reviewed by the Chief Operating Decision Maker of the Company.

24. Income Taxes

24. Income Taxes	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Income Taxes	The Company is subject to income taxes at a combined rate of 34% (2013 -- 25%). The reconciliation of the provision for income taxes at the combined statutory rate compared to the Company's income tax expense as reported is as follows: 2014 $ 2013 $ Income tax expense (recovery) at statutory rate (397,196 ) 83,915 Permanent difference and other 66,041 130,118 Change in tax rates and true up 2,023 -- Difference in tax rates between foreign jurisdictions (59,577 ) -- Valuation allowance change 416,118 (212,595 ) Provision for income taxes 27,409 1,438 The significant components of deferred income tax assets and liabilities as at December 31, 2014 and 2013, after applying enacted income tax rates, are as follows: 2014 $ 2013 $ Net operating losses carried forward 655,597 290,254 Property and equipment (107,482 ) (158,380 ) Goodwill (36,353 ) (36,230 ) Valuation allowance (511,762 ) (95,644 ) Net deferred income tax asset -- -- The Company has net operating losses carried forward of $2,206,841 which may be carried forward to apply against future year income tax for income tax purposes, subject to the final determination by taxation authorities, expiring in the following years: $ 2031 364,895 2032 796,121 2034 1,045,825 2,206,841

25. Subsequent Events

25. Subsequent Events	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Subsequent Events	(a) Subsequent to December 31, 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 $443,763. The convertible debentures are unsecured, due two years from the date of issuance, bear interest at the rate of 10% per annum, calculated annually and paid quarterly, and may be converted into units after six months from the date of issuance at a conversion price of $0.20 per unit. Each unit is to consist of one share of common stock and one share purchase warrant exercisable at a price of $0.50 per share for a period of two years from the date of conversion. (b) Subsequent to December 31, 2014, the Company entered into private placement subscription agreements with several investors pursuant to which the Company issued convertible debentures in the aggregate amounts of $465,368 and $70,176 (Cdn$87,830). The convertible debentures are unsecured, due two years from the date of issuance, bear interest at the rate of 8.5% per annum, calculated annually and paid quarterly, and may be converted into units after six months from the date of issuance or if the shares trade above $0.75 for a 14 day period at a conversion price of $0.25 per unit. Each unit is to consist of one share of common stock and one share purchase warrant exercisable at a price of $1.00 for a period of two years from the date of conversion. (c) On January 8, 2015, CleanGen Inc. entered into a Bill of Sale with a company controlled by the President of the Company to sell 250KW of the solar panels recorded as assets held for sale in consideration for a promissory note in the amount of $375,000. Interest is calculated at 8% on the total loan amount and paid every six months. Interest is waived if the note is converted to common shares of the company controlled by the President of the Company through a shares for debt agreement within the first six months. (d) On January 27, 2015, WTI entered into a lease agreement for transportation equipment. The lease is repayable in monthly installments of Cdn$4,070, due in March 2020, and secured by transportation equipment. (e) On January 29, 2015, WTI entered into a lease agreement for transportation equipment. The lease is repayable in monthly installments of Cdn$6,104 for the first six months and decreasing to Cdn$4,341 for the remainder of the term, due in March 2019, and secured by transportation equipment. (f) In January 2015, the Company entered into an agreement with the Halalt First Nation and Halalt Transportation General Partner Ltd. to form the Halalt Transportation Limited Partnership (the “Partnership”) to provide transportation services. On January 30, 2015, the Partnership was formed. The Company owned 49% of the Partnership and Halalt (Transport) GP Holdings, a wholly-owned company of the Halalt First Nation, owned 51%. (g) On February 15, 2015, WTI entered into a lease agreement for transportation equipment. The lease is repayable in monthly installments of Cdn$1,943, due in September 2016, and secured by transportation equipment. (h) On February 25, 2015, WTI entered into a lease agreement for transportation equipment. The lease is repayable in monthly installments of Cdn$3,674, due in March 2020, and secured by transportation equipment. (i) On March 18, 2015, the Company entered into a management agreement with AFSC for services to be rendered as an officer and director of the Company. In consideration of the management services rendered, the Company agrees to pay AFSC the following fees and expenses: i) Upon execution of this agreement, the Company agrees to issue to AFSC 666,667 unrestricted common voting shares of the Company at the then prevailing market price and stock options as determined by the Board of Directors; ii) The Company agrees to pay to AFSC a monthly fee of $12,500, plus applicable taxes, in equal semi-monthly installments which is to be paid with shares of common stock of the Company until the Company has adequate funding; iii) The Company agrees to pay AFSC for all reasonable and necessary travel and out of pocket expenses incurred in fulfilling its obligations under this agreement upon verification of all related receipts; and iv) The Company agrees to issue stock and stock options to AFSC, at its discretion at such times and in such amounts as it determines from time to time. AFSC shall be entitled to participate in other incentive plans or employee incentive stock options. Such stock options are to be exercisable for a minimum period of five years from the date of grant, considered earned and fully vested at the time of issue regardless of whether AFSC exercises its right, and the Company shall have no right to cancel or rescind such stock options granted thereafter. (j) On May 15, 2015, the Company issued 1,518,666 share purchase warrants exercisable at a price of $0.50 per share of common stock for a period of 90 days from when the Company’s shares resume trading. To exercise the share purchase warrants, each holder must first exercise a minimum of 25% of the respective share purchase warrants issued. Through to the date of these financial statements, the Company has received proceeds in the amount of $157,700 pursuant to the future exercise of share purchase warrants.

2. Significant Accounting Pol32

2. Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 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 the following entities: Werkman Transport Inc. Wholly-owned subsidiary of the Company 1454004 Alberta Ltd. Wholly-owned subsidiary of the Company CleanGen Power Corp. Wholly-owned subsidiary of 1454004 Alberta Ltd. CleanGen Inc. Wholly-owned subsidiary of 1454004 Alberta Ltd. CleanGen Aboriginal HR Services Ltd. Wholly-owned subsidiary of CleanGen Inc. 1098541 Alberta Ltd. Wholly-owned subsidiary of CleanGen Inc. Cutting Edge Tire Recycling Limited Partnership Wholly-owned subsidiary of 1098541 Alberta Ltd. Coole Immersive Inc. 75.5% owned subsidiary of CleanGen Inc. All inter-company balances and transactions have been eliminated.
Use of Estimates	The preparation of these 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, valuation of inventory, the estimated useful lives and recoverability of property and equipment, valuation of assets held for sale, impairment of goodwill, stock-based compensation, capitalization of lease obligations, 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. The Company reviews the adequacy of its allowance for doubtful accounts on a regular basis.
Inventory	Inventory consists of shredded tire inventory, mulch inventory, and agriculture water tanks 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: Building 20 years straight-line Computer equipment 3 years straight-line Field and production equipment 5 to 15 years straight-line Furniture 20% declining balance Transportation equipment 9 to 20 years straight-line Trucks 25% 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 statement 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.
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.
Impairment of Long-lived Assets	In accordance with ASC 360, " Property, Plant, and Equipment
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.
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 sand sales, wood recycling tipping fees, service rig training, transportation services, and software services. In accordance with ASC 605, " Revenue Recognition" 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
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 Matters The Company uses the current rate method to translate the financial statements of its Canadian subsidiaries to its reporting currency. Accordingly, assets and liabilities are translated into US dollars at the period end exchange rate while revenue and expenses are translated at the average exchange rates during the period. Related exchange gains and losses are included in a separate component of stockholders' equity as accumulated other comprehensive income.
Financial Instruments and Fair Value Measures	ASC 820, " Fair Value Measurements and Disclosures 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, accounts receivable, restricted cash, accounts payable and accrued liabilities, amounts due to/from related parties, loans payable, long-term debt, and convertible debt. Pursuant to ASC 820, the fair values of cash and restricted cash 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, except for convertible debt and long-term debt, approximate their current fair values because of their nature and respective maturity dates or durations. The carrying amounts of convertible debt and long-term debt approximate fair value because they are priced at interest rates consistent with the Company's current borrowing rates on similar debt based on the security underlying the debt or the conversion features associated with the debt.
Stock-based Compensation	The Company records stock-based compensation in accordance with ASC 718 “Compensation – Stock Compensation” and ASC 505, “Equity Based Payments to Non-Employees”, using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measureable.
Earnings (Loss) Per Share	The Company computes earnings (loss) per share in accordance with ASC 260, “Earnings per Share”. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As at December 31, 2014, the Company has 24,378,849 (2013 – nil) potentially dilutive shares outstanding.
Comprehensive Income	ASC 220, " Comprehensive Income
Reclassifications	Certain of the prior year figures have been reclassified to conform to the current year's presentation.
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.

2. Significant Accounting Pol33

2. Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2013
Significant Accounting Policies Tables
Summary of Equipment	Equipment is initially recorded at cost. Amortization is provided using the following rates: Building 20 years straight-line Computer equipment 3 years straight-line Field and production equipment 5 to 15 years straight-line Furniture 20% declining balance Transportation equipment 9 to 20 years straight-line Trucks 25% declining balance

3. Acquisition of 1454004 Alb34

3. Acquisition of 1454004 Alberta Ltd. (Tables)	12 Months Ended
	Dec. 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 Accounts payable and accrued liabilities (152,064 ) Convertible debt (22,167 ) Loan payable (115,281 ) Due to related parties (77,110 ) Total purchase price 133,940

4. Acquisition of 1301540 Alber

4. Acquisition of 1301540 Alberta Ltd. (Tables)	12 Months Ended
	Dec. 31, 2014
Acquisition Of 1301540 Alberta Ltd. Tables
Acquisition of 1301540 Alberta Ltd.	The fair value of the assets acquired and liabilities assumed from 1301540 are as follows: $ Accounts receivable 278,946 Prepaid expenses 4,554 Transportation equipment 498,179 Goodwill 273,224 Accounts payable and accrued liabilities (159,837 ) Loan payable (102,056 ) Capital lease obligations (258,461 ) Total purchase price 534,549

5. Acquisition of CleanGen Inc

5. Acquisition of CleanGen Inc (Tables)	12 Months Ended
	Dec. 31, 2013
Acquisition Of Cleangen Inc Tables
Acquisition of CleanGen Inc	$ Net loss attributable to Sunvault Energy, Inc. (1,176,282 ) Increase in the Company's paid-up capital for purchase of 500,000 Class A shares of common stock of CleanGen Inc. 505,453 Change from net loss attributable to Sunvault Energy, Inc. and transfers from the non-controlling interest (670,829 )

6. Acquisition of 1098541 Alb37

6. Acquisition of 1098541 Alberta Ltd. (Tables)	12 Months Ended
	Dec. 31, 2014
Acquisition Of 1098541 Alberta Ltd. Tables
Acquisition of 1098541 Alberta Ltd.	At the date of acquisition, the fair values of the assets and liabilities of CuttingEdge consisted of the following: $ Cash 314,474 Accounts receivable 245,040 Advances to related party 525,533 Prepaid expenses 148,073 Inventory 1,540,203 Equipment 1,199,942 Goodwill 24,746 Accounts payable and accrued liabilities (265,965 ) Deferred revenue (1,982,861 ) Site retirement obligation (76,030 ) Long-term debt (851,610 ) Capital lease obligations (103,627 ) Total purchase price 717,918

7. Accounts Receivable (Tables)

7. Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2014
Accounts Receivable Tables
Accounts Receivable	December 31, 2014 $ December 31, 2013 $ Trade accounts receivable 898,141 952,575 GST receivable 9,411 30,088 Other receivable 2,522 4,604 910,074 987,267

8. Inventory (Tables)

8. Inventory (Tables)	12 Months Ended
	Dec. 31, 2014
Inventory Tables
Inventory	December 31, 2014 $ December 31, 2013 $ Agriculture water tanks 846 -- Tire mulch 14,881 -- Tire shred 513,000 589,320 528,727 589,320

9. Property and Equipment (Tabl

9. Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2014
Property And Equipment Tables
Property and Equipment	Cost $ Accumulated amortization $ Net book value as at 31, 2014 Net book December 31, 2013 Building 94,768 -- 94,768 -- Computer equipment 36,894 15,726 21,168 22,395 Field and production equipment 1,838,343 410,559 1,427,784 1,505,806 Furniture 20,825 8,044 12,781 5,390 Land 73,982 -- 73,982 12,414 Transportation equipment 756,482 70,745 685,737 -- Truck 64,000 8,199 55,801 -- 2,885,294 513,273 2,372,021 1,546,005

11. Goodwill (Tables)

11. Goodwill (Tables)	12 Months Ended
	Dec. 31, 2014
Goodwill Tables
Summary of Goodwill	Cost Foreign currency translation adjustment Impairment Net carrying value as at December 31, 2014 Net carrying value as at December 31, 2013 Coole Immersive Inc. 137,095 (18,022 ) -- 119,073 129,864 CuttingEdge Tire Recycling Limited Partnership 24,746 (9,990 ) (14,756 ) -- 15,319 Werkman Transport Inc. 273,224 94,559 (68,005 ) 299,778 -- 435,065 66,547 (82,761 ) 418,851 145,183

12. Accounts Payable and Accr42

12. Accounts Payable and Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2014
Accounts Payable And Accrued Liabilities Tables
Summary of Accounts Payable and Accrued Liabilities	December 31, 2014 $ December 31, 2013 $ Trade accounts payable 1,202,012 382,967 Accrued liabilities 63,095 40,631 GST payable 61,165 -- Income taxes payable 26,745 -- Salaries payable 44,910 41,206 Other payable 6,465 7,051 1,404,392 471,855

13. Capital Lease Obligations (

13. Capital Lease Obligations (Tables)	12 Months Ended
	Dec. 31, 2014
Capital Lease Obligations Tables
Capital Lease Obligations	December 31, 2014 $ December 31, 2013 $ Treadco Inc., equipment lease repayable in monthly installments of $4,310 including interest at 12% per annum, due in February 2015, secured by specific field equipment. 23,707 57,224 Coast Capital, equipment lease repayable in monthly instalments of $1,022 including interest at 8.23% per annum, due in July 2017, secured by production equipment. 28,456 41,390 Coast Capital, equipment lease repayable in monthly instalments of $920 including interest at 8.23% per annum, due in July 2017, secured by production equipment. 34,988 -- National Leasing Group Inc., equipment lease repayable in monthly installments of $955, due in June 2019, secured by transportation equipment. 25,060 -- John Deere Finance, equipment lease repayable in monthly installments of $2,362, due in May 2014, secured by field equipment. -- 10,167 Travelers Financial Corporation, equipment lease repayable in monthly installments of $1,804, due in June 2016, secured by transportation equipment. 30,335 -- Travelers Financial Corporation, equipment lease repayable in monthly installments of $1,922, due in September 2016, secured by transportation equipment. 37,104 -- Travelers Financial Corporation, equipment lease repayable in monthly installments of $3,610, due in June 2018, secured by transportation equipment. 131,733 -- Mercado Capital Corporation, equipment lease repayable in monthly installments of $1,505, due in June 2019, secured by transportation equipment. 66,649 -- Blue Chip Leasing Corporation, equipment lease repayable in monthly installments of $706, due in June 2019, secured by transportation equipment. 24,630 -- National Leasing Group Inc., equipment lease repayable in monthly installments of $675, due in June 2019, secured by transportation equipment. 22,871 -- Westana Equipment Leasing Inc., equipment lease repayable in monthly installments of $1,888, due in June 2019, secured by transportation equipment. 57,467 -- Westana Equipment Leasing Inc., equipment lease repayable in monthly installments of $1,888, due in June 2019, secured by transportation equipment. 57,467 -- 540,467 108,781 Less: current portion (163,373 ) (70,032 ) Long-term portion 377,094 38,749
Payments related to capital lease obligations	$ 2015 222,843 2016 184,201 2017 149,962 2018 110,186 2019 7,738 674,930 Less: imputed interest (134,463 ) 540,467 Less: current portion (163,373 ) Long-term portion 377,094

15. Long-term Debt (Tables)

15. Long-term Debt (Tables)	12 Months Ended
	Dec. 31, 2014
Long-term Debt Tables
Summary of long-term debt	December 31, 2014 $ December 31, 2013 $ 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. 212,051 298,956 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. 235,624 332,190 John Deere Finance, repayable in monthly installments of Cdn$1,262 including interest at 0%, maturing on January 1, 2018, secured by specific equipment. 40,248 56,946 487,923 688,092 Less: current portion (144,080 ) (155,932 ) Long-term portion 343,843 532,160
Principal repayments on long-term debt	Principal repayments on long-term debt in each of the next four years are as follows: Year Cdn$ $ 2015 167,147 144,080 2016 167,147 144,080 2017 167,147 144,080 2018 64,597 55,683 566,038 487,923

18. Common Stock (Tables)

18. Common Stock (Tables)	12 Months Ended
	Dec. 31, 2014
Common Stock Tables
Summary of common stock	Share transactions of the Company prior to the reverse capitalization: Common Stock Additional Paid-in Shares Amount Capital Balance, December 31, 2012 101,600,000 101,600 (15,501 ) Shares issued for cash 94,000 94 125,906 Shares returned for cancellation (36,850,000 ) (36,850 ) 36,850 Shares issued for assets held for sale 333,333 333 499,667 Balance, December 31, 2013 65,177,333 65,177 646,922 Fair value of stock options vested -- -- 231,320 Shares issued to settle convertible debt 350,000 350 34,650 Shares issued for services rendered 300,000 300 29,700 Balance, February 19, 2014 65,827,333 65,827 942,592

19. Stock Options (Tables)

19. Stock Options (Tables)	12 Months Ended
	Dec. 31, 2014
Stock Options Tables
Stock Options	A summary of the Company's stock option activity is as follows: Number of options Weighted average exercise price Aggregate intrinsic value Outstanding, December 31, 2012 and 2013 -- -- Issued as part of the recapitalization 3,100,000 0.10 Outstanding, December 31, 2014 3,100,000 0.10 744,000
Outstanding stock options	Additional information regarding stock options outstanding as at December 31, 2014, is as follows: Outstanding and exercisable Range of exercise prices Number of shares Weighted average remaining contractual life (years) Weighted average exercise price 0.10 3,100,000 4.1 0.10

20. Share Purchase Warrants (Ta

20. Share Purchase Warrants (Tables)	12 Months Ended
	Dec. 31, 2014
Share Purchase Warrants Tables
Share purchase warrants	The following table summarizes the continuity of share purchase warrants: Number of warrants Weighted average exercise price Balance, December 31, 2013 -- -- Issued as part of the recapitalization 20,427,333 2.00 Issued to a consultant 100,000 2.00 Balance, December 31, 2014 20,527,333 2.00
Share purchase warrants exercise price	As at December 31, 2014, the following share purchase warrants were outstanding: Number of warrants Exercise Price Expiry date 60,000 2.00 September 16, 2015 34,000 2.00 September 17, 2015 333,333 2.00 November 15, 2015 100,000 2.00 April 15, 2017 20,000,000 2.00 August 6, 2023 20,527,333

22. Supplemental Cash Flow In48

22. Supplemental Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2014
Supplemental Cash Flow Information Tables
Summary of supplemental cash flow information	$ $ Non-cash investing and financing activities: Forgiveness of related party debt recorded as additional paid-in capital 1,453,679 -- Property and equipment financed under capital lease 350,396 149,497 Shares issued to acquire the business operations of 1301540 Alberta Ltd. 388,894 -- Shares issued to acquire property and equipment 234,000 -- Shares issued to settle convertible debt 22,167 -- Shares issued to settle related party debt 31,100 -- Shares issued to settle accounts payable and accrued liabilities 15,666 -- Supplemental disclosures: Interest paid 75,240 57,653 Income taxes paid 2,388 6,280

23. Segmented Information (Tabl

23. Segmented Information (Tables)	12 Months Ended
	Dec. 31, 2014
Segmented Information Tables
Summarizes the financial performance of the Company's reportable segments	The following table summarizes the financial performance of the Company's reportable segments: 2014 $ 2013 $ Recycling services 5,925,445 6,811,872 Services rig and software revenue 278,980 179,125 Transportation services 2,121,341 -- Elimination of inter-segment net revenue (312,981 ) -- Total consolidated net revenue 8,012,785 6,990,997
Reconciliation to the Company's consolidated operating results	The following table provides a reconciliation to the Company's consolidated operating results: 2014 $ 2013 $ Recycling services 454,914 310,881 Services rig and software revenue 38,744 13,774 Transportation services (227,881 ) 257,111 Corporate and other (1,356,279 ) (187,896 ) Total consolidated operating income (loss) (1,090,502 ) 393,870

24. Income Taxes (Tables)

24. Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2014
Income Taxes Tables
Reconciliation of the provision for income taxes	The Company is subject to income taxes at a combined rate of 34% (2013 -- 25%). The reconciliation of the provision for income taxes at the combined statutory rate compared to the Company's income tax expense as reported is as follows: 2014 $ 2013 $ Income tax expense (recovery) at statutory rate (397,196 ) 83,915 Permanent difference and other 66,041 130,118 Change in tax rates and true up 2,023 -- Difference in tax rates between foreign jurisdictions (59,577 ) -- Valuation allowance change 416,118 (212,595 ) Provision for income taxes 27,409 1,438
Significant components of deferred income tax assets and liabilities	The significant components of deferred income tax assets and liabilities as at December 31, 2014 and 2013, after applying enacted income tax rates, are as follows: 2014 $ 2013 $ Net operating losses carried forward 655,597 290,254 Property and equipment (107,482 ) (158,380 ) Goodwill (36,353 ) (36,230 ) Valuation allowance (511,762 ) (95,644 ) Net deferred income tax asset -- --
Schedule of future year income tax for income tax purposes	The Company has net operating losses carried forward of $2,206,841 which may be carried forward to apply against future year income tax for income tax purposes, subject to the final determination by taxation authorities, expiring in the following years: $ 2031 364,895 2032 796,121 2034 1,045,825 2,206,841

1. Nature of Operations and C51

1. Nature of Operations and Continuance of Business (Details Narrative) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Nature Of Operations And Continuance Of Business Details Narrative
Working capital deficiency	$ 1,207,084
Accumulated losses	$ 2,497,613	$ 1,321,331

2. Significant Accounting Pol52

2. Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2014
Building [Member]
Amortization rate	20 years
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 [Member]
Amortization rate description	20% declining balance
Transportation Equipment [Member] | Minimum [Member]
Amortization rate	9 years
Transportation Equipment [Member] | Maximum [Member]
Amortization rate	20 years
Truck [Member]
Amortization rate description	25% declining balance

2. Significant Accounting Pol53

2. Significant Accounting Policies (Details Narrative) - shares	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Significant Accounting Policies Details Narrative
Potentially dilutive shares outstanding	24,378,849	0

3. Acquisition of 1454004 Alb54

3. Acquisition of 1454004 Alberta Ltd. (Details) - Acquisition of 1454004 Alberta Ltd [Member]	Dec. 31, 2014USD ($)
Cash	$ 562
Assets held for sale	500,000
Accounts payable and accrued liabilities	(152,064)
Convertible debt	(22,167)
Loan payable	(115,281)
Due to related parties	(77,110)
Total purchase price	$ 133,940

4. Acquisition of 1301540 Alb55

4. Acquisition of 1301540 Alberta Ltd (Details) - Acquisition of 1301540 Alberta Ltd [Member]	Dec. 31, 2014USD ($)
Accounts receivable	$ 278,946
Prepaid expenses	4,554
Transportation equipment	498,179
Goodwill	273,224
Accounts payable and accrued liabilities	(159,837)
Loan payable	(102,056)
Capital lease obligations	(258,461)
Total purchase price	$ 534,549

5. Acquisition of CleanGen In56

5. Acquisition of CleanGen Inc. (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Acquisition Of Cleangen Inc. Details
Net loss attributable to Sunvault Energy Inc.	$ (1,176,282)	$ 289,111
Increase in the Company's paid-up capital for purchase of 500,000 Class A shares of common stock of CleanGen Inc	505,453
Change from net loss attributable to Sunvault Energy Inc. and transfers from the non-controlling interest	$ (670,829)

6. Acquisition of 1098541 Alb57

6. Acquisition of 1098541 Alberta Ltd. (Details) - Acquisition of 1098541 Alberta Ltd [Member]	Dec. 31, 2014USD ($)
Cash	$ 314,474
Accounts receivable	245,040
Advances to related party	525,533
Prepaid expenses	148,073
Inventory	1,540,203
Equipment	1,199,942
Goodwill	24,746
Accounts payable and accrued liabilities	(265,965)
Deferred revenue	(1,982,861)
Site retirement obligation	(76,030)
Long-term debt	(851,610)
Capital lease obligations	(103,627)
Total purchase price	$ 717,918

7. Accounts Receivable (Details

7. Accounts Receivable (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Accounts Receivable Details
Trade accounts receivable	$ 898,141	$ 952,575
GST receivable	9,411	30,088
Other receivable	2,522	4,604
Total	$ 910,074	$ 987,267

8. Inventory (Details)

8. Inventory (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Inventory Details
Agriculture water tanks	$ 846
Tire mulch	14,881
Tire shred	513,000	$ 589,320
Total	$ 528,727	$ 589,320

9. Property and Equipment (Deta

9. Property and Equipment (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Cost	$ 2,885,294
Accumulated amortization	513,273
Net book value	2,372,021	$ 1,546,005
Building [Member]
Cost	$ 94,768
Accumulated amortization
Net book value	$ 94,768
Computer Equipment [Member]
Cost	36,894
Accumulated amortization	15,726
Net book value	21,168	$ 22,395
Field and production equipment [Member]
Cost	1,838,343
Accumulated amortization	410,559
Net book value	1,427,784	1,505,806
Furniture [Member]
Cost	20,825
Accumulated amortization	8,044
Net book value	12,781	5,390
Land [Member]
Cost	$ 73,982
Accumulated amortization
Net book value	$ 73,982	$ 12,414
Transportation Equipment [Member]
Cost	756,482
Accumulated amortization	70,745
Net book value	685,737
Truck [Member]
Cost	64,000
Accumulated amortization	8,199
Net book value	$ 55,801

9. Property and Equipment (De61

9. Property and Equipment (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Property And Equipment Details Narrative
Field and production equipment are assets under capital lease	$ 224,515	$ 303,049
Accumulated amortization	35,898	47,405
Transportation equipment are assets under capital lease	586,669	0
Accumulated amortization	51,727	0
Amortization expense	72,126	32,228
Field and production equipment includes machinery with a carrying value	$ 0	$ 214,484

10. Assets Held For Sale (Detai

10. Assets Held For Sale (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Assets Held For Sale Details Narrative
Write-down of assets held for sale	$ 17,956

11. Goodwill (Details)

11. Goodwill (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Cost	$ 435,065
Foreign currency translation adjustment	66,547
Impairment	(82,761)
Net carrying value	418,851	$ 145,183
Coole Immersive Inc.
Cost	137,095
Foreign currency translation adjustment	$ (18,022)
Impairment
Net carrying value	$ 119,073	129,864
CuttingEdge Tire Recycling Limited Partnership
Cost	24,746
Foreign currency translation adjustment	(9,990)
Impairment	$ (14,756)
Net carrying value		$ 15,319
Werkman Transport Inc.
Cost	$ 273,224
Foreign currency translation adjustment	94,559
Impairment	(68,005)
Net carrying value	$ 299,778

12. Accounts Payable and Accr64

12. Accounts Payable and Accrued Liabilities (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Accounts Payable And Accrued Liabilities Details
Trade accounts payable	$ 1,202,012	$ 382,967
Accrued liabilities	63,095	$ 40,631
GST payable	61,165
Income taxes payable	26,745
Salaries payable	44,910	$ 41,206
Other payable	6,465	7,051
Total	$ 1,404,392	$ 471,855

13. Capital Lease Obligations65

13. Capital Lease Obligations (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Capital Lease Obligations Details
Treadco Inc., equipment lease repayable in monthly installments of $4,310 including interest at 12% per annum, due in February 2015, secured by specific field equipment.	$ 23,707	$ 57,224
Coast Capital, equipment lease repayable in monthly instalments of $1,022 including interest at 8.23% per annum, due in July 2017, secured by production equipment.	28,456	$ 41,390
Coast Capital, equipment lease repayable in monthly instalments of $920 including interest at 8.23% per annum, due in July 2017, secured by production equipment.	34,988
National Leasing Group Inc., equipment lease repayable in monthly installments of $955, due in June 2019, secured by transportation equipment.	$ 25,060
John Deere Finance, equipment lease repayable in monthly installments of $2,362, due in May 2014, secured by field equipment.		$ 10,167
Travelers Financial Corporation, equipment lease repayable in monthly installments of $1,804, due in June 2016, secured by transportation equipment.	$ 30,335
Travelers Financial Corporation, equipment lease repayable in monthly installments of $1,922, due in September 2016, secured by transportation equipment.	37,104
Travelers Financial Corporation, equipment lease repayable in monthly installments of $3,610, due in June 2018, secured by transportation equipment.	131,733
Mercado Capital Corporation, equipment lease repayable in monthly installments of $1,505, due in June 2019, secured by transportation equipment.	66,649
Blue Chip Leasing Corporation, equipment lease repayable in monthly installments of $706, due in June 2019, secured by transportation equipment.	24,630
National Leasing Group Inc., equipment lease repayable in monthly installments of $675, due in June 2019, secured by transportation equipment.	22,871
Westana Equipment Leasing Inc., equipment lease repayable in monthly installments of $1,888, due in June 2019, secured by transportation equipment.	57,467
Westana Equipment Leasing Inc., equipment lease repayable in monthly installments of $1,888, due in June 2019, secured by transportation equipment.	57,467
Capital Lease Obligations	540,467	$ 108,781
Less: current portion	(163,373)	(70,032)
Long-term portion	$ 377,094	$ 38,749

13. Capital Lease Obligations66

13. Capital Lease Obligations (Details 1) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Capital Lease Obligations Details 1
2,015	$ 222,843
2,016	184,201
2,017	149,962
2,018	110,186
2,019	7,738
Capital Leases Gross	674,930
Less: imputed interest	(134,463)
Capital Leases Net	540,467
Less: current portion	(163,373)	$ (70,032)
Long-term portion	$ 377,094	$ 38,749

14. Loans Payable (Details Narr

14. Loans Payable (Details Narrative) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Company owed to a non related party	$ 115,281	$ 0
Kanata Metis Cultural Enterprises [Member]
Company owed	0	1,161,042
Terrence Smith [Member]
Company owed	$ 0	$ 33,844

15. Long-term Debt (Details)

15. Long-term Debt (Details) - USD ($)	Dec. 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.	$ 212,051	$ 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.	235,624	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.	40,248	56,946
Long-term Debt	487,923	688,092
Less: current portion	(144,080)	(155,932)
Long-term portion	$ 343,843	$ 532,160

15. Long-term Debt (Details 1)

15. Long-term Debt (Details 1)	Dec. 31, 2014USD ($)
Long-term Debt Details 1
2,015	$ 144,080
2,016	144,080
2,017	144,080
2,018	55,683
Long-term Debt	$ 487,923

16. Convertible Debt (Details N

16. Convertible Debt (Details Narrative)	12 Months Ended
	Dec. 31, 2014USD ($)
Convertible Debt Details Narrative
Deferred financing costs amortized	$ 8,148

17. Related Party Transactions

17. Related Party Transactions (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Management fees	$ 684,374	$ 554,983
President
Amount owed to related party	10,286
Amount owed from related party	56,511
Management fees	115,000	$ 0
Consulting fees	25,984	0
Rent expense	0	$ 9,350
Chief Technology Officer
Amount owed to related party	19,500
Management fees	34,500
Treasurer and Secretary
Amount owed to related party	14,980
Directors
Amount owed to related party	107,232
Amount owed from related party	4,310
Management fees	141,755	$ 0
Consulting fees	7,245
Salaries and subcontracting fees	9,508	$ 0
Significant Shareholder
Amount owed from related party	158,886
Consulting fees	36,223
President of 1454004
Amount owed to related party	20,804
Management fees	133,573	$ 172,858
Consulting fees	37,129	0
Rent expense	0	29,527
Labour expense	3,574	9,842
Salaries and subcontracting fees	$ 2,598	0
Elizabeth Metis Society
Amount owed to related party		310,266
Shareholder of Coole
Amount owed from related party	$ 69	22,815
President of WTI
Amount owed to related party	154,209	$ 0
Management fees	76,974
Labour expense	296,824
Spouse of a member of management
Rent expense	3,521
Freight and transportation expenses	$ 62,952	$ 377,467
Sales and marketing expenses		51,919
Accounts payable and accrued liabilities	$ 0	40,076
Director 1,454,004
Management fees	129,800	$ 126,695
Salaries and subcontracting fees	12,980
Son of President of 1454004
Management fees	46,185	$ 40,785
Labour expense	41,035	$ 55,248
Salaries and subcontracting fees	3,490
Daughter of the President of 1454004
Management fees	76,119	$ 69,782
Labour expense	$ 4,567	$ 11,284

18. Common Stock (Details)

18. Common Stock (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Beginning Balance, Shares	19,500,000
Beginning Balance, Amount	$ 19,500
Ending Balance, Shares	106,878,613	19,500,000
Ending Balance, Amount	$ 106,879	$ 19,500
Common Stock
Beginning Balance, Shares	65,177,333	101,600,000
Beginning Balance, Amount	$ 65,177	$ 101,600
Shares issued for cash, Shares		94,000
Shares issued for cash, Amount		$ 94
Shares returned for cancellation, Shares		(36,850,000)
Shares returned for cancellation, Amount		$ (36,850)
Shares issued for assets held for sale, Shares		333,333
Shares issued for assets held for sale, Amount		$ 333
Fair value of stock options vested
Shares issued to settle convertible debt, Shares	350,000
Shares issued to settle convertible debt, Amount	$ 350
Shares issued for services rendered, Shares	300,000
Shares issued for services rendered, Amount	$ 300
Ending Balance, Shares	65,827,333	65,177,333
Ending Balance, Amount	$ 65,827	$ 65,177
Additional Paid-In Capital
Beginning Balance, Amount	646,922	(15,501)
Shares issued for cash, Amount		125,906
Shares returned for cancellation, Amount		36,850
Shares issued for assets held for sale, Amount		499,667
Fair value of stock options vested	231,320
Shares issued to settle convertible debt, Amount	34,650
Shares issued for services rendered, Amount	29,700
Ending Balance, Amount	$ 942,592	$ 646,922

18. Common Stock (Details Narra

18. Common Stock (Details Narrative) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
President of WTI
Common stock issuable	$ 134,916	$ 0

19. Stock Options (Details)

19. Stock Options (Details) - 12 months ended Dec. 31, 2014 - USD ($)	Total
Number of Options
Outstanding Beginning, Balance
Issued as part of the recapitalization	3,100,000
Outstanding Ending, Balance	3,100,000
Weighted Average Exercise Price
Outstanding Beginning, Balance
Issued as part of the recapitalization	$ 0.10
Aggregate Intrinsic Value
Outstanding Ending, Balance	$ 744,000

19. Stock Options (Details 1)

19. Stock Options (Details 1) - 12 months ended Dec. 31, 2014 - $ / shares	Total
Stock Options Details 1
Range of exercise prices	$ 0.10
Number of shares	3,100,000
Weighted average remaining contractual life(years)	4 years 1 month 6 days
Weighted average exercise price	$ 0.10

20. Share Purchase Warrants (De

20. Share Purchase Warrants (Details) - 12 months ended Dec. 31, 2014 - $ / shares	Total
Share Purchase Warrants Details
Number of warrants, Beginning Balance
Number of Warrants, Issued as part of the recapitalization	20,427,333
Number of warrants, Issued to a consultant	100,000
Number of warrants, Ending Balance	20,527,333
Weighted average exercise price, Beginning Balance
Weighted Average Exercise Price Issued as part of the recapitalization	$ 2
Weighted average exercise price, Issued to a consultant	2
Weighted average exercise price, Ending Balance	$ 2

20. Share Purchase Warrants (77

20. Share Purchase Warrants (Details 1) - $ / shares	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Number of Warrants	20,527,333
Exercise Price
Warrant One [Member]
Number of Warrants	60,000
Exercise Price	$ 2
Expiry date	Sep. 16, 2015
Warrant Two [Member]
Number of Warrants	34,000
Exercise Price	$ 2
Expiry date	Sep. 17, 2015
Warrant Three [Member]
Number of Warrants	333,333
Exercise Price	$ 2
Expiry date	Nov. 15, 2015
Warrant Four [Member]
Number of Warrants	100,000
Exercise Price	$ 2
Expiry date	Apr. 15, 2017
Warrant Five [Member]
Number of Warrants	20,000,000
Exercise Price	$ 2
Expiry date	Aug. 6, 2023

22. Supplemental Cash Flow In78

22. Supplemental Cash Flow Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Non-cash investing and financing activities:
Forgiveness of related party debt recorded as additional paid-in capital	$ 1,453,679
Property and equipment financed under capital lease	350,396	$ 149,497
Shares issued to acquire the business operations of 1301540 Alberta Ltd.	388,894
Shares issued to acquire property and equipment	234,000
Shares issued to settle convertible debt	22,167
Shares issued to settle related party debt	31,100
Shares issued to settle accounts payable and accrued liabilities	15,666
Supplemental disclosures:
Interest paid	75,240	$ 57,653
Income taxes paid	$ 2,388	$ 6,280

23. Segmented Information (Deta

23. Segmented Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Segmented Information Details
Recycling services	$ 5,925,445	$ 6,811,872
Services rig and software revenue	278,980	$ 179,125
Transportation services	2,121,341
Elimination of inter-segment net revenue	(312,981)
Total consolidated net revenue	$ 8,012,785	$ 6,990,997

23. Segmented Information (De80

23. Segmented Information (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Segmented Information Details 1
Recycling services	$ 454,914	$ 310,881
Services rig and software revenue	38,744	13,774
Transportation services	(227,881)	257,111
Corporate and other	(1,356,279)	(187,896)
Total consolidated operating income (loss)	$ (1,090,502)	$ 393,870

24. Income Taxes (Details)

24. Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Taxes Details
Income tax expense (recovery) at statutory rate	$ (397,196)	$ 83,915
Permanent difference and other	66,041	$ 130,118
Change in tax rates and true up	2,023
Difference in tax rates between foreign jurisdictions	(59,577)
Valuation allowance change	416,118	$ (212,595)
Provision for income taxes	$ 27,409	$ 1,438

24. Income Taxes (Details 1)

24. Income Taxes (Details 1) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Income Taxes Details 1
Net operating losses carried forward	$ 655,597	$ 290,254
Property and equipment	(107,482)	(158,380)
Goodwill	(36,353)	(36,230)
Valuation allowance	$ (511,762)	$ (95,644)
Net deferred income tax asset

24. Income Taxes (Details 2)

24. Income Taxes (Details 2)	12 Months Ended
	Dec. 31, 2014USD ($)
Income Taxes Details 2
2,031	$ 364,895
2,032	796,121
2,034	1,045,825
Total	$ 2,206,841