Sunvault Energy (SVLT) 10-K 15 Apr 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Apr. 10, 2016	Jun. 30, 2015
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, 2015
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		139,028,815
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash	$ 76,657	$ 547,936
Accounts receivable, net of allowance for doubtful accounts of $102,037 (2014 - $90,864) (Note 6)	322,941	910,074
Inventory (Note 7)	43,753	528,727
Due from related party (Note 18)	602,219	219,707
Prepaid expenses and deposits	179,036	69,060
Total current assets	1,224,606	2,275,504
Restricted cash	3,605	12,930
Deferred financing costs	59,322	34,024
Property and equipment (Note 8)	2,244,082	2,372,021
Assets held for sale (Note 9)	475,378	482,044
Goodwill (Note 10)	251,299	$ 418,851
Intangible assets (Note 11)	28,000
Total assets	4,286,292	$ 5,595,374
Current liabilities:
Line of credit	111,345	151,141
Accounts payable and accrued liabilities (Notes 12 and 18)	2,182,619	1,518,846
Grant payable (Note 16)	700,308	835,408
Current portion of capital lease obligations (Note 15)	309,071	163,373
Current portion of long-term debt (Note 14)	141,788	$ 144,080
Current portion of convertible debt (Note 17)	982,279
Deferred revenue	1,242,583	$ 1,277,787
Loans payable (Note 13)	348,023	115,281
Due to related parties (Note 18)	371,256	221,124
Total current liabilities	$ 6,389,272	4,427,040
Site retirement obligation		65,727
Capital lease obligations (Note 15)	$ 446,045	377,094
Long-term debt (Note 14)	155,603	343,843
Convertible debt, less unamortized discount of $nil (2014 - $156,692) (Note 17)	739,155	371,503
Total liabilities	$ 7,730,075	$ 5,585,207
Nature of operations and continuance of business (Note 1)
Commitments and contingencies (Note 23)
Subsequent events (Note 27)
Stockholders' equity (deficit)
Common stock, 500,000,000 shares authorized, $0.001 par value 135,878,613 and 106,878,613 shares issued and outstanding, respectively	$ 135,879	$ 106,879
Common stock issuable (Note 20)	2,527,262	171,395
Additional paid-in capital	5,502,689	4,085,265
Deferred compensation (Note 20)	(4,849)	(30,000)
Accumulated other comprehensive income	310,472	163,395
Deficit	(11,876,858)	(4,980,553)
Total Sunvault Energy, Inc. stockholders' equity deficit	(3,405,405)	(483,619)
Non-controlling interest	(38,378)	493,786
Total stockholders' equity (deficit)	(3,443,783)	10,167
Total liabilities and stockholders' equity (deficit)	$ 4,286,292	$ 5,595,374

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current assets
Net of allowance for doubtful accounts	$ 90,864	$ 102,037
Current liabilities
Unamortized discount	$ 0	$ 156,692
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	135,878,613	106,878,613
Common stock, shares outstanding	135,878,613	106,878,613

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Revenue
Non-program service revenue	$ 526,020	$ 831,065
Recycling fee revenue	162,598	1,560,816
Scrap metal revenue	26,683	72,462
Services rig and software revenue	130,295	173,350
Tire collections revenue	302,053	$ 1,117,864
Tire mulch revenue	46,989
Tire shred revenue	983,780	$ 2,343,238
Transportation revenue	2,425,456	1,808,360
Total revenues	4,603,874	7,907,155
Direct costs
Amortization	314,145	275,167
Equipment rental and maintenance	648,248	825,150
Freight and transportation	560,481	1,108,303
Labour and subcontractors (Note 18)	2,298,362	2,348,339
Materials	215,578	171,825
Site operating costs	158,932	241,002
Tire processing costs	183,484	308,260
Total direct costs	4,379,230	5,278,046
Gross profit	224,644	2,629,109
Operating expenses
Amortization	61,107	50,397
Bad debt expense	109,444	162,529
Consulting fees (Note 18)	2,254,571	870,394
Equipment rental and maintenance	24,640	$ 272,981
Foreign exchange gain (loss)	70,973
General and administrative	329,331	$ 367,788
Management fees (Note 18)	1,680,487	684,374
Professional fees	555,369	404,364
Rent (Note 18)	69,321	219,033
Research and development	94,034	61,815
Salaries and subcontracting fees (Note 18)	509,745	557,021
Travel and promotion	217,139	174,545
Total operating expenses	5,976,161	3,825,241
Net loss before other income (expense)	(5,751,517)	$ (1,196,132)
Other income (expense)
Gain on sale of asset held for sale	11,334
Gain on sale of property and equipment	$ 7,252	$ 87,190
Gain on settlement of debt		847,207
Impairment of goodwill	$ (107,992)	(2,155,298)
Interest expense	(1,162,810)	$ (117,601)
Non-deductible interest and penalties	$ (9,331)
Write-down of assets held for sale		$ (17,956)
Write-down of inventory (Note 7)	$ (328,764)
Write-down of loan receivable	(81,735)
Total other income (expense)	(1,672,046)	$ (1,356,458)
Net loss before income taxes	(7,423,563)	(2,552,590)
Income tax expense (Note 26)	(4,906)	(17,062)
Net loss	(7,428,469)	(2,569,652)
Less: net loss attributable to non-controlling interest	532,164	73,398
Net loss attributable to Sunvault Energy, Inc.	(6,896,305)	(2,496,254)
Comprehensive loss
Foreign currency translation gain	147,077	55,824
Comprehensive loss attributable to Sunvault Energy, Inc.	$ (6,749,228)	$ (2,440,430)
Loss per share attributable to Sunvault Energy, Inc. shareholders, basic and diluted	$ (0.06)	$ (0.03)
Weighted average shares outstanding used in the calculation of net loss attributable to Sunvault Energy, Inc. per common share	107,337,517	86,345,782

Consolidated Statements of Stoc

Consolidated Statements of Stockholder's 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, 2013	19,500,000
Beginning Balance, Amount at Dec. 31, 2013	$ 19,500		$ (19,500)		$ 109,028	$ (2,469,952)	$ 554,037	$ (1,806,887)
Foreign currency translation loss					$ 55,824			$ 55,824
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		1,666,000					$ 1,666,000
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		(5,343)		$ (1,457)		$ (1,200)
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
Beneficial conversion feature on convertible debt issued			$ 166,507					166,507
Deferred compensation charged to operations				$ 19,000				19,000
Forgiveness of related party debt			$ 1,453,679					1,453,679
Common stock issuable		$ 171,395						171,395
Net loss for the year						$ (2,496,254)	$ (73,398)	(2,569,652)
Ending Balance, Shares at Dec. 31, 2014	106,878,613
Ending Balance, Amount at Dec. 31, 2014	$ 106,879	$ 171,395	$ 4,085,265	$ (30,000)	$ 163,395	$ (4,980,553)	$ 493,786	10,167
Foreign currency translation loss					147,077			147,077
Beneficial conversion feature on convertible debt issued			$ 683,424					683,424
Deferred compensation charged to operations				$ 25,151				25,151
Forgiveness of related party debt					$ 147,077			147,077
Common stock issuable		$ 1,869,200						1,869,200
Shares issued for intangible assets, shares	28,000,000
Shares issued for intangible assets, amount	$ 28,000							28,000
Shares issued for management services, shares	1,000,000
Shares issued for management services, amount	$ 1,000	$ 486,667	$ 734,000					1,221,667
Net loss for the year						$ (6,896,305)	$ (532,164)	(7,428,469)
Ending Balance, Shares at Dec. 31, 2015	135,878,613
Ending Balance, Amount at Dec. 31, 2015	$ 135,879	$ 2,527,262	$ 5,502,689	$ (4,849)	$ 310,472	$ (11,876,858)	$ (38,378)	$ (3,443,783)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Operating activities
Net loss	$ (7,428,469)	$ (2,569,652)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Accretion of discounts on convertible debt	838,732	9,815
Amortization of deferred financing costs	46,868	8,148
Amortization of property and equipment	375,252	325,564
Bad debt expense	109,444	$ 162,529
Gain on sale of assets held for sale	(11,334)
Gain on sale of property and equipment	$ (7,252)	$ (87,190)
Gain on settlement of debt		(847,207)
Impairment of goodwill	$ 107,992	2,155,298
Stock-based compensation	$ 3,116,018	427,428
Write-down of assets held for sale		$ 17,956
Write-down of inventory	$ 328,764
Write-off of loan receivable	81,735
Write-off of site retirement obligation	(65,727)
Changes in operating assets and liabilities:
Accounts receivable	495,689	$ 193,610
Inventory	156,210	60,593
Due from related party	75,767	23,346
Prepaid expenses and deposits	(109,976)	12,175
Accounts payable and accrued liabilities	663,773	645,624
Deferred revenue	(35,204)	(577,310)
Due to related parties	162,775	95,915
Net cash provided by (used in) operating activities	(1,098,943)	56,642
Investing activities
Advances to related parties	$ (620,368)	(220,238)
Cash acquired on recapitalization		$ 562
Proceeds from related parties	$ 80,354
Proceeds from sale of property and equipment		$ 241,632
Purchase of property and equipment	$ (39,627)	$ (394,046)
Restricted cash	4,117
Net cash used in investing activities	(575,524)	$ (372,090)
Financing activities
Line of credit	(39,796)	49,085
Deferred financing costs	(72,166)	(42,172)
Proceeds from convertible debt	1,205,980	$ 538,541
Proceeds from loans payable	222,530
Proceeds from related parties	$ 15,296	$ 25,860
Repayment of loans payable		(32,601)
Repayment of long-term debt	$ (120,769)	(150,223)
Repayment of capital lease obligations	(300,664)	(114,369)
Repayments to related parties	(27,939)	(12,930)
Net cash provided by financing activities	882,472	261,191
Effect of foreign exchange rate changes on cash	320,716	54,905
Increase in cash	(471,279)	648
Cash, beginning of year	547,936	547,288
Cash, end of year	$ 76,657	$ 547,936

1. Nature of Operations and Con

1. Nature of Operations and Continuance of Business	12 Months Ended
	Dec. 31, 2015
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, and 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 additional 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, 2015, the Company has a working capital deficiency of $5,164,666 and has accumulated losses of $11,876,858 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, 2015
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 Inc. 69.6% owned subsidiary of the Company CleanGen Power Corp. 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, valuation of intangible assets, the estimated useful lives and recoverability of property and equipment, valuation of assets held for sale, impairment of goodwill, write-off of site retirement obligation, stock-based compensation, capitalization of lease obligations, valuation of deferred revenue, 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 receivables, 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 and 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) Property and Equipment Property and 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 Vehicles 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 impairment testing is carried out in two steps. In the first step, the carrying amount of the reporting using including goodwill is compared with its fair value. When the carrying amount of a reporting unit exceeds its fairl vaue goodwill of the reporting unit is considered to be impaired and the second step is necessary. If the total of the expected undiscounted future cash flows is less than the carrying amount of the goodwill, a loss is recognized for the excess of the carrying amount over the fair value of the goodwill. 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) Intangible Assets Licenses have been capitalized in accordance with ASC 350-30 " Intangibles – Goodwill and Other – General Intangibles Other Than Goodwill (i) 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. (j) Impairment of Long-lived Assets In accordance with ASC 360, " Property, Plant, and Equipment (k) 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. (l) Revenue Recognition For tires qualifying under the Alberta Recycling Management Authority ("ARMA") programs, tire collections revenue from ARMA is recognized when tires are picked up from customers. 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 reasonably 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 sale price is agreed, tire shred is delivered to the customer, 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 reasonably assured. If collectability is not considered reasonably assured at the time of sale, the Company does not recognize revenue until collection occurs. (m) Income Taxes The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, " Income Taxes (n) Foreign Currency Translation The Company's functional currency is the Canadian dollar and its reporting currency is the U.S. dollar. Management has adopted ASC 830, " Foreign Currency 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. (o) 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, line of credit, 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. (p) 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. (q) 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, 2015, the Company has 12,078,644 (2014 – 4,378,849) potentially dilutive shares outstanding. (r) Comprehensive Income (Loss) ASC 220, " Comprehensive Income (s) Recent Accounting Pronouncements In 2014, the Financial Accounting Standards Board issued new accounting guidance related to revenue recognition. This new standard will replace all current U.S. GAAP guidance on this topic and eliminate all industry-specific guidance. The new revenue recognition guidance provides a unified model to determine when and how revenue is recognized. The core principal is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. This guidance will be effective beginning January 1, 2017 and can be applied either retrospectively for each period presented or as a cumulative-effect adjustment as of the date of adoption. The Company is evaluating the impact and approach to adopting this accounting guidance on the consolidated financial statements. 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, 2015
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. 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, 2015
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$3,000,000, payable in shares of common stock. 5,000,000 shares of common stock are to be issued upon closing with the remaining shares of common stock to be issued after six months have elapsed from the closing date. Pursuant to the agreement, the Company created a new, wholly-owned subsidiary, named Werkman Transport Inc. ("WTI"), under which the purchased assets and assumed liabilities of 1301540 were transferred upon receipt by 1301540 of the 5,000,000 shares of common stock of the Company. On April 15, 2014 (the "Closing Date"), the Company issued 5,000,000 shares of common stock pursuant to the purchase agreement. On October 10, 2014, the Company issued an additional 4,000,000 shares of common stock pursuant to the purchase agreement. In accordance with ASC 805, " Business Combinations" The fair value of the assets acquired and liabilities assumed from 1301540 are as follows: Cdn$ $ Accounts receivable 306,283 279,455 Prepaid expenses 5,000 4,562 Transportation equipment 547,000 499,088 Goodwill 2,713,065 2,475,424 Accounts payable and accrued liabilities (112,057 ) (160,128 ) Loan payable (175,501 ) (102,242 ) Capital lease obligations (283,790 ) (258,933 ) Total purchase price 3,000,000 2,737,226 The amounts of WTI's revenue and earnings included in the consolidated income statement for the year ended December 31, 2014, and the revenue and earnings of the combined entity had the acquisition date been January 1, 2014 are as follows: Revenue $ Net Loss $ Actual from April 11, 2014 to December 31, 2014 1,808,360 2,479,663 December 31, 2014 supplemental pro forma from January 1, 2014 8,760,880 487,519

5. Acquisition of CleanGen Inc.

5. Acquisition of CleanGen Inc.	12 Months Ended
	Dec. 31, 2015
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. On July 23, 2014, the Company issued 8,000,000 shares of common stock pursuant to the purchase agreement and now has 69.6% of the issued and outstanding shares of CleanGen Inc. In accordance with ASC 810, " Consolidation" $ Net loss attributable to Sunvault Energy, Inc. (2,496,254 ) Increase in the Company's paid-up capital for purchase of 500,000 Class A shares of common stock of CleanGen Inc. 1,200 Change from net loss attributable to Sunvault Energy, Inc. and transfers from the non-controlling interest (2,495,054 )

6. Accounts Receivable

6. Accounts Receivable	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Accounts Receivable	December 31, 2015 $ December 31, 2014 $ Trade accounts receivable 394,116 989,005 GST and other receivable 30,862 11,933 Allowance for doubtful accounts (102,037 ) (90,864 ) 322,941 910,074

7. Inventory

7. Inventory	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Inventory	December 31, 2015 $ December 31, 2014 $ Tire mulch and other 7,194 15,727 Tire shred 36,559 513,000 43,753 528,727

8. Property and Equipment

8. Property and Equipment	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Property and Equipment	Cost $ Accumulated amortization $ Net book value as at December 31, 2015 $ Net book value as at December 31, 2014 $ Building 79,442 3,027 76,415 94,768 Computer equipment 30,927 18,616 12,311 21,168 Field and production equipment 1,570,992 556,016 1,014,976 1,427,784 Furniture 52,235 18,049 34,186 12,781 Land 62,018 – 62,018 73,982 Transportation equipment 1,135,088 132,763 1,002,325 685,737 Vehicles 64,000 22,149 41,851 55,801 2,994,702 750,620 2,244,082 2,372,021 As at December 31, 2015, included in field and production equipment are assets under capital lease with an original cost of $147,514 (2014 - $224,515) and accumulated amortization of $26,968 (2014 - $35,898). Included in transportation equipment are assets under capital lease with an original cost of $1,052,712 (2014 - $586,669) and accumulated amortization of $109,382 (2014 - $51,727). During the year ended December 31, 2015, amortization expense includes $77,711 (2014 - $72,126) related to assets under capital leases.

9. Assets Held For Sale

9. Assets Held For Sale	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Assets Held For Sale	Balance $ Cost 500,000 Write-down (17,956 ) Balance, December 31, 2014 482,044 Cost of assets sold (6,666 ) Balance, December 31, 2015 475,378 Assets held for sale consists of solar panels which the Company acquired in 2013 by issuing 333,333 units with a fair value of $500,000. 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 share purchase warrants are subjected to a force exercise if the Company's share price trades at a price of $2.50 or higher for a period of 14 consecutive days.

10. Goodwill

10. Goodwill	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
10. Goodwill	Cost $ Foreign currency translation adjustment $ Impairment $ Net carrying value as at December 31, 2015 $ Net carrying value as at December 31, 2014 $ Coole Immersive Inc. 137,095 (29,103 ) (107,992 ) – 119,073 Werkman Transport Inc. 2,475,424 (83,583 ) (2,140,542 ) 251,299 299,778 2,612,519 (112,686 ) (2,248,534 ) 251,299 418,851 During the year ended December 31, 2015, the Company recorded an impairment of goodwill on Coole Immersive Inc. of $107,992 (2014 - $nil) as the carrying value could not be supported. During the year ended December 31, 2014, the Company recorded an impairment of goodwill of $2,140,542 and $14,756 on Werkman Transport Inc. and CuttingEdge Tire Recycling LP, respectively, to adjust goodwill to the fair values based on discounted cash flow projections.

11. Intangible Assets

11. Intangible Assets	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
11. Intangible Assets	Cost $ Accumulated amortization $ Net book value as at December 31, 2015 $ Net book value as at December 31, 2014 $ Electrical energy storage device capacitor license 3,000 – 3,000 – Electrical energy storage device battery license 7,500 – 7,500 – Lighting wand license 7,500 – 7,500 – Graphene-based plastics license 10,000 – 10,000 – 28,000 – 28,000 – As at December 31, 2015, the licenses acquired were not in use. As such, no amortization was recorded for the year ended December 31, 2015.

12. Accounts Payable and Accrue

12. Accounts Payable and Accrued Liabilities	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Accounts Payable and Accrued Liabilities	December 31, 2015 $ December 31, 2014 $ Trade accounts payable 1,732,625 1,202,012 Accrued liabilities 56,640 63,095 Accrued interest (Note 16) 245,074 124,303 GST payable 21,644 61,165 Income taxes payable 8,911 16,896 Payroll payable 60,859 44,910 Other payable 56,866 6,465 2,182,619 1,518,846

13. Loans Payable

13. Loans Payable	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Loans Payable	(a) As at December 31, 2015, the Company owed $115,281 (2014 – $115,281) to a company controlled by a significant shareholder of the Company for expenses paid on behalf of the Company. The amount due is non-interest bearing, unsecured, and due on demand. (b) As at December 31, 2015, the Company owed $16,692 (Cdn$23,100) (2014 – $nil) to a non-related party. The amount due bears interest at 8.5% per annum, is unsecured, is repayable in four quarterly installments of $6,266 beginning on March 1, 2016, and is due on December 1, 2016. (c) As at December 31, 2015, the Company owed $12,000 (2014 – $nil) to a non-related party. The amount due bears interest at 8.5% per annum, is unsecured, and is due on December 1, 2016. (d) As at December 31, 2015, the Company owed $204,050 (2014 – $nil) to various non-related parties for proceeds received pursuant to the future exercise of share purchase warrants. The share purchase warrants are exercisable at a price of $0.50 per share of common stock for a period of 90 days from when the Company's cease trade order in Canada has been lifted. To exercise the share purchase warrants, each holder must first exercise a minimum of 25% of the respective share purchase warrants issued on demand.

14. Long-term Debt

14. Long-term Debt	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Long-term Debt	December 31, 2015 $ December 31, 2014 $ Business Development Bank of Canada, repayable in monthly instalments of Cdn$6,000 plus interest at 7%, maturing May 17, 2018, secured by a general interest in all present and after acquired property. 130,067 212,051 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. 144,526 235,624 John Deere Finance, repayable in monthly installments of Cdn$1,262 including interest at 0%, maturing on January 1, 2018, secured by specific equipment. 22,798 40,248 297,391 487,923 Less: current portion (141,788 ) (144,080 ) Long-term portion 155,603 343,843 Principal repayments on long-term debt in each of the next four years are as follows: Year Cdn$ $ 2016 196,220 141,788 2017 152,004 109,837 2018 63,335 45,766 411,559 297,391

15. Capital Lease Obligations

15. Capital Lease Obligations	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Capital Lease Obligations	December 31, 2015 $ December 31, 2014 $ Treadco Inc., equipment lease repayable in monthly installments of Cdn$5,000 including interest at 12% per annum, due in February 2015, secured by specific field equipment. – 23,707 Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$2,093, due in June 2016, secured by transportation equipment. 8,849 30,335 Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$1,943, due in August 2016, secured by transportation equipment. 10,434 – Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$2,123, due in September 2016, secured by transportation equipment. 14,750 37,104 Coast Capital, equipment lease repayable in monthly instalments of Cdn$1,186 including interest at 8.23% per annum, due in July 2017, secured by production equipment. 15,962 28,456 Coast Capital, equipment lease repayable in monthly instalments of Cdn$1,067 including interest at 8.23% per annum, due in July 2017, secured by production equipment. 23,303 34,988 Travelers Financial Corporation, equipment lease repayable in monthly instalments of $2,327, due in January 2018, secured by transportation equipment. 43,416 – Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$4,188, due in June 2018, secured by transportation equipment. 82,050 131,733 Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$6,109 for the first six payments and thereafter to decrease to Cdn$4,345, due in March 2019, secured by transportation equipment. 104,915 – Mercado Capital Corporation, equipment lease repayable in monthly installments of Cdn $1,745, due in June 2019, secured by transportation equipment. 44,926 66,649 Blue Chip Leasing Corporation, equipment lease repayable in monthly installments of Cdn$819, due in June 2019, secured by transportation equipment. 15,908 24,630 National Leasing Group Inc., equipment lease repayable in monthly installments of Cdn$783, due in June 2019, secured by transportation equipment. 15,282 22,871 Westana Equipment Leasing Inc., equipment lease repayable in monthly installments of Cdn$2,190, due in June 2019, secured by transportation equipment. 39,897 57,467 Westana Equipment Leasing Inc., equipment lease repayable in monthly installments of Cdn$2,190, due in June 2019, secured by transportation equipment. 39,897 57,467 National Leasing Group Inc., equipment lease repayable in monthly installments of Cdn$823, due in June 2019, secured by transportation equipment. 16,618 25,060 Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$3,674, due in February 2020, secured by transportation equipment. 107,536 – Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$4,070, due in March 2020, secured by transportation equipment. 123,553 – Roynat -Takeuchi Mini Excavator, equipment lease repayable in monthly instalments of $1,173 including interest at 6.5% per annum, due in March 2020, secured by specific field equipment. 47,820 – 755,116 540,467 Less: current portion (309,071 ) (163,373 ) Long-term portion 446,045 377,094 Future minimum lease payments related to capital lease obligations are as follows: $ 2016 388,055 2017 233,074 2018 185,607 2019 80,088 2020 11,371 898,195 Less: imputed interest (143,079 ) 755,116 Less: current portion (309,071 ) Long-term portion 446,045

16. Grant Payable

16. Grant Payable	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
16. Grant Payable	On March 31, 2014, CleanGen Power Corp., received a demand for payment 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 interest earned on the grant funds calculated at the CIBC prime rate per annum. As at December 31, 2015, $700,308 (Cdn$969,157) (2014 - $835,408 (Cdn$969,157)) is owed. As at December 31, 2015, accrued interest of $126,902 (Cdn$175,619) (2014 - $124,303 (Cdn$144,204)) is included in accounts payable and accrued liabilities.

17. Convertible Debt

17. Convertible Debt	12 Months Ended
	Dec. 31, 2015
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 20(o). (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 20(ee). (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 $180,200 and $37,936 (Cdn$52,500). The convertible debentures are unsecured, bear interest at 8% per annum and paid quarterly, is due on April 22, 2016, 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 incurred financing costs of $23,450 in connection with the financing, which was deferred and is being amortized over the term of the debt. During the year ended December 31, 2015, the Company amortized $11,709 (2014 - $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 $725,990 and $38,153 (Cdn$52,800). The convertible debentures are unsecured, bear interest at 10% per annum and paid quarterly, due on December 15, 2016, 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. Refer to Note 27(g). 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. The Company incurred financing costs of $40,568 in connection with the financing, which was deferred and is being amortized over the term of the debt. During the year ended December 31, 2015, the Company amortized $20,197 (2014 - $nil) of the deferred financing costs. In accordance with ASC 470-20, " Debt with Conversion and Other Options (e) Effective March 1, 2015, the Company entered into private placement subscription agreements with several investors pursuant to which the Company issued convertible debentures in the aggregate amount of $447,000 and $14,655 (Cdn$20,000). The convertible debentures are unsecured, bear interest at 8.5% per annum and paid quarterly, and may be converted into shares of the Company's common stock, after six months from issuance or if the stock trades above $0.75 for a 14 calendar day period, at a conversion price of $0.25 per share. If converted into common shares, the holder is entitled to one full warrant with an exercise price of $1.00 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. The Company incurred financing costs of $32,820 in connection with the financing, which was deferred and is being amortized over the term of the debt. During the year ended December 31, 2015, the Company amortized $12,491 (2014 - $nil) of the deferred financing costs. In accordance with ASC 470-20, " Debt with Conversion and Other Options (f) Effective June 1, 2015, the Company entered into private placement subscription agreements with several investors pursuant to which the Company issued convertible debentures in the aggregate amount of $277,500. The convertible debentures are unsecured, bear interest at 8.5% per annum and paid quarterly, and may be converted into shares of the Company's common stock, after six months from issuance or if the stock trades above $1.00 for a 14 calendar day period, at a conversion price of $0.50 per share. If converted into common shares, the holder is entitled to one full warrant with an exercise price of $1.00 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. The Company incurred financing costs of $17,500 in connection with the financing, which was deferred and is being amortized over the term of the debt. During the year ended December 31, 2015, the Company amortized $2,471 (2014 - $nil) of the deferred financing costs. In accordance with ASC 470-20, " Debt with Conversion and Other Options

18. Related Party Transactions

18. Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Related Party Transactions	(a) As at December 31, 2015, the Company owed $67,108 (2014 - $10,286) to a company controlled by the Chief Executive Officer of the Company for unpaid management fees and expenses paid on behalf of the Company. The amount due is unsecured, non-interest bearing, and due on demand. (b) As at December 31, 2015, the Company was owed $81,735 (2014 - $56,511) from a company with common officers and directors for cash advances. The amount due is unsecured, non-interest bearing, and due on demand. During the year ended December 31, 2015, the Company recorded an allowance of $81,735 against the outstanding balance. (c) As at December 31, 2015, the Company owed $19,500 (2014 - $19,500) to the former Chief Technology Officer of the Company for cash advances. The amount due is unsecured, non-interest bearing, and due on demand. (d) As at December 31, 2015, the Company owed $14,980 (2014 - $14,980) to the Secretary of the Company for cash advances. The amount due is unsecured, non-interest bearing, and due on demand. (e) As at December 31, 2015, the Company owed $180,240 (2014 - $107,232) to a company controlled by a director of the Company for expenses paid on behalf of the Company and unpaid management fees. The amount due is unsecured, non-interest bearing, and due on demand. (f) As at December 31, 2015, the Company owed $86,537 (2014 - $nil) to a company controlled by the President of the Company for unpaid management fees. The amount due is unsecured, non-interest bearing, and due on demand. (g) As at December 31, 2015, the Company was owed $27,706 (2014 - $nil) from a related company with common directors for cash advances. The amount due is unsecured, non-interest bearing, and due on demand. (h) As at December 31, 2015, the Company was owed $469,608 (2014 - $158,886) from a company controlled by common officers and directors for cash advances. The amount due is non-interest bearing, due on demand, and secured by solar panels owned by this company. (i) As at December 31, 2015, the Company was owed $66,105 (2014 - $nil) from a company controlled by a significant shareholder for cash advances. The amount due is unsecured, non-interest bearing, and due on demand. (j) As at December 31, 2015, the Company was owed $5,780 (2014 - $nil) from a significant shareholder of the Company for cash advances. The amount due is unsecured, non-interest bearing, and due on demand. (k) As at December 31, 2015, the Company was owed $3,613 (Cdn$5,000) (2014 - $4,310 (Cdn$5,000)) from a director of the Company for cash advanced. As at December 31, 2015, the Company owed $21,262 (Cdn$29,425) (2014 - $nil) to this director of the Company for unpaid consulting fees, which was included in accounts payable and accrued liabilities. The amounts due are unsecured, non-interest bearing, and due on demand. (l) As at December 31, 2015, the Company owed $62,466 (Cdn$86,445) (2014 - $20,804 (Cdn$24,134)) to the former President of 1454004 and companies controlled by the former President of 1454004 for cash advances. Of this amount, $59,575 (Cdn$82,445) (2014 - $nil) was included in accounts payable and accrued liabilities. The amount due is unsecured, non-interest bearing, and due on demand. (m) As at December 31, 2015, the Company was owed $4,408 from (Cdn$6,099) (2014 – owed $69 (Cdn$80) to) the President of Coole Immersive Inc. for cash advances. The amount due is unsecured, non-interest bearing, and due on demand. (n) As at December 31, 2015, the Company was owed $24,999 (Cdn$34,595) from (2014 – owed $48,253 (Cdn$55,980) to) the President of WTI for cash advances. The amount due is unsecured, non-interest bearing, and due on demand. (o) For the year ended December 31, 2015, the Company incurred management fees of $12,704 (2014 - $133,573) and consulting fees of $nil (2014 - $37,129) to the former President of 1454004 and companies controlled by the former President of 1454004. (p) For the year ended December 31, 2015, included in consulting fees are the following amounts: · $9,960 (2014 - $nil) incurred to the former Chief Technology Officer of the Company; · $149,410 (2014 - $7,245) incurred to directors of the Company; and · $nil (2014 - $36,223) incurred to a significant shareholder of the Company. (q) For the year ended December 31, 2015, included in labour and subcontractor costs are the following amounts: · $86,820 (2014 - $296,824) incurred to a company controlled by the brother of the President of WTI; · $nil (2014 - $4,567) incurred to the daughter of the former President of 1454004; and · $27,541 (2014 - $41,035) incurred to the son of the former President of 1454004. (r) For the year ended December 31, 2015, included in salaries and subcontracting fees are the following amounts: · $55,129 (2014 - $nil) incurred to the President of Coole Immersive Inc.; · $nil (2014 - $3,490) incurred to the son of the former President of 1454004; and · $nil (2014 - $12,980) incurred to a former director of 1454004. (s) For the year ended December 31, 2015, included in management fees are the following amounts: · $120,000 (2014 - $115,000) incurred to the Chief Executive Officer of the Company; · $605,417 (2014 - $nil) incurred to the President of the Company including fair value of $486,667 (2014 - $nil) for shares issued; · $nil (2014 - $34,500) incurred to the former Chief Technology Officer of the Company; · $799,377 (2014 - $141,755) incurred to directors of the Company including fair value of $735,000 (2014 - $nil) for shares issued; · $93,813 (2014 - $76,974) incurred to the President of WTI; · $nil (2014 - $76,119) incurred to the daughter of the former President of 1454004; · $nil (2014 - $46,185) incurred to the son of the former President of 1454004; and · $nil (2014 - $129,800) incurred to a former director of 1454004.

19. Subsidiary Preferred Stock

19. Subsidiary Preferred Stock	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
19. Subsidiary Preferred Stock	On June 6, 2012, the Company's subsidiary, CleanGen Inc., issued 20,000 shares of preferred stock at a price of Cdn$25 per share for proceeds of Cdn$500,000. The preferred stock provides for a 12% annual cumulative dividend to its holders, compounded semi-annually. During the year ended December 31, 2015, the Company accrued dividends of $nil (2014 - $14,346). The shares of preferred stock carry no voting rights and are automatically convertible into shares of common stock of CleanGen Inc. upon a change in the controlling interest of CleanGen Inc. at a rate equal to the sum of Cdn$1,000 plus accrued and unpaid dividends divided by Cdn$25. On March 21, 2014, the Company acquired controlling interest of CleanGen Inc. by converting 21,000 shares of preferred stock it had acquired into 840,000 shares of common stock of CleanGen Inc. Due to the change in control, the 20,000 shares of preferred stock of CleanGen Inc. outstanding automatically converted into 804,600 shares of common stock of CleanGen Inc.

20. Common Stock

20. Common Stock	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Common Stock	Share transactions for the year ended December 31, 2015: (a) On December 29, 2015, the Company issued 3,000,000 shares of common stock with a fair value of $3,000 assigned to a related company with common directors to purchase the electric energy storage device capacitor license pursuant to a license purchase agreement dated April 2, 2015 and amended on December 15, 2015. Refer to Note 11. Due to the non-arms length nature of the transaction, the Company recorded the value of the shares of common stock issued at par value. (b) On December 29, 2015, the Company issued 7,500,000 shares of common stock with a fair value of $7,500 to a related company with common directors to purchase the electric energy storage device battery license pursuant to a finder's fees agreement dated December 14, 2015 and amended on March 29, 2016. Refer to Note 11. Due to the non-arms length nature of the transaction, the Company recorded the value of the shares of common stock issued at par value. (c) On December 29, 2015, the Company issued 7,500,000 shares of common stock with a fair value of $7,500 to a related company with common directors to purchase the lighting wand license pursuant to a finder's fees agreement dated December 14, 2015 and amended on March 29, 2016. Refer to Note 11. Due to the non-arms length nature of the transaction, the Company recorded the value of the shares of common stock issued at par value. (d) On December 29, 2015, the Company issued 10,000,000 shares of common stock with a fair value of $10,000 to a related company with common directors to purchase the graphene plastics license pursuant to a finder's fees agreement dated December 14, 2015 and amended on March 29, 2016. Refer to Note 11. Due to the non-arms length nature of the transaction, the Company recorded the value of the shares of common stock issued at par value. Share transactions for the year ended December 31, 2015 (continued): (e) On December 29, 2015, the Company issued 1,000,000 shares of common stock with a fair value of $735,000 assigned to a related company with common directors for directors' fees. The fair value of the shares was determined based on the closing price of the Company's common stock. (f) As at December 31, 2015, the Company had $171,395 (2014 – $171,395) 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 Alberta Ltd. on April 15, 2014. The fair value of the common stock was determined based on the closing price of the Company's common stock. (g) As at December 31, 2015, the Company had $486,667 (2014 – $nil) in common stock issuable to a company controlled by the President of the Company for management fees incurred. The fair value of the common stock was determined based on the closing price of the Company's common stock. Refer to Note 23(h). (h) As at December 31, 2015, the Company had $360,000 (2014 – $nil) in common stock issuable to a consultant pursuant to a consulting agreement dated April 22, 2015. Refer to Note 23(j). The fair value of the common stock was determined based on the closing price of the Company's common stock. (i) As at December 31, 2015, the Company had $360,000 (2014 – $nil) in common stock issuable to a consultant pursuant to a consulting agreement dated November 9, 2015. The fair value of the common stock was determined based on the closing price of the Company's common stock. Refer to Note 23 (m) and 27(d). (j) As at December 31, 2015, the Company had $1,149,200 (2014 – $nil) in common stock issuable to a consultant for consulting fees incurred. Refer to Note 27(c). The fair value of the common stock was determined based on the closing price of the Company's common stock. (k) On March 1, 2014, the Company entered into a consulting agreement with a non-related party for a period of one year commencing March 1, 2015. As consideration for these services, the Company issued 300,000 shares of common stock with a fair value of $30,000 which was recorded as deferred compensation. The fair value of the common stock was determined based on the closing price of the Company's common stock. During the year ended December 31, 2015, the Company expensed $25,151 of the deferred compensation as consulting fees, which reflects the pro-rata portion of the services provided to December 31, 2015. Share transactions for the year ended December 31, 2014: (l) 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. (m) 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 Chief Executive Officer of the Company to settle debt of $30,000. The Company recorded a gain on settlement of debt of $14,400. The fair value of the common stock was determined based on the closing price of the Company's common stock. (n) On April 4, 2014, the Company issued 50,000 shares of common stock with a fair value of $6,500 to the former Chief Technology Officer of the Company to settle debt of $6,000. The Company recorded a loss on settlement of debt of $500. The fair value of the common stock was determined based on the closing price of the Company's common stock. (o) 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 17(a). The fair value of the common stock was determined based on the closing price of the Company's common stock. (p) 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. (q) On April 28, 2014, the Company issued 5,000,000 shares of common stock with a fair value of $775,000 pursuant to the purchase agreement with 1301540. Refer to Note 4. The fair value of the common stock was determined based on the closing price of the Company's common stock. (r) 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 common stock was determined based on the closing price of the Company's common stock. Share transactions for the year ended December 31, 2014 (continued): (s) 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 common stock was determined based on the closing price of the Company's common stock. (t) 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. The fair value of the common stock was determined based on the closing price of the Company's common stock. (u) 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. The fair value of the common stock was determined based on the closing price of the Company's common stock. (v) 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. The fair value of the common stock was determined based on the closing price of the Company's common stock. (w) On June 11, 2014, the Company issued 60,000 shares of common stock with a fair value of $9,000 to the former Chief Technology Officer of the Company to settle debt of $9,000. The fair value of the common stock was determined based on the closing price of the Company's common stock. (x) 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. The fair value of the common stock was determined based on the closing price of the Company's common stock. (y) 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 70% interest of CleanGen Inc. Refer to Note 5. (z) 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. (aa) 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. The fair value of the common stock was determined based on the closing price of the Company's common stock. (bb) 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. The fair value of the common stock was determined based on the closing price of the Company's common stock. (cc) 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 23(e). The fair value of the common stock was determined based on the closing price of the Company's common stock. (dd) On October 10, 2014, the Company issued 4,000,000 shares of common stock with a fair value of $900,000 pursuant to the purchase agreement with 1301540 Alberta Ltd. as payment towards the purchase price. Refer to Note 4. The fair value of the common stock was determined based on the closing price of the Company's common stock. Share transactions of the Company prior to the reverse capitalization: Common Stock Additional Paid-in Shares # Amount $ Capital $ 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: (ee) On February 18, 2014, the Company issued 350,000 shares of common stock to settle convertible debt of $35,000. Refer to Note 17(b). (ff) On February 18, 2014, the Company issued 300,000 shares of common stock pursuant to a licensing agreement. Refer to Note 23(b).

21. Stock Options

21. Stock Options	12 Months Ended
	Dec. 31, 2015
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, 2013 – – Issued as part of the recapitalization 3,100,000 0.10 Outstanding, December 31, 2014 and 2015 3,100,000 0.10 1,829,000 Additional information regarding stock options outstanding as at December 31, 2015, 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 3.1 0.10

22. Share Purchase Warrants

22. Share Purchase Warrants	12 Months Ended
	Dec. 31, 2015
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 of 3 years, volatility of 100%, no expected dividends, and a risk free rate of 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 427,333 2.00 Issued to a consultant 100,000 2.00 Balance, December 31, 2014 527,333 2.00 Issued 1,930,000 0.50 Expired (427,333 ) 2.00 Balance, December 31, 2015 2,030,000 0.57 As at December 31, 2015, the following share purchase warrants were outstanding: Number of warrants Exercise price $ Expiry date 100,000 2.00 April 15, 2017 1,930,000 0.50 90 days from when the Company's cease trade order in Canada has been lifted 2,030,000

23. Commitments and Contingenci

23. Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Commitments and Contingencies	(a) 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. There have been no changes to the case since April 30, 2013 when CGPC served its Affidavit of Records. CleanGen Power has until April 30, 2016 to advance the action or it risks automatic dismissal for delay by the Court. (b) 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 20(ff). 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. (c) 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. (d) On April 15, 2014, the Company entered into a management agreement with a company controlled by the President of WTI, whereby the Company is to pay Cdn$10,000 per month for the management services for a term of five years. (e) On April 24, 2014, the Company entered into a Services and Commission Agreement with Aboriginal Financial Services Corporation ("AFSC"), a company controlled by the President of the Company, 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 20(cc). (f) On September 14, 2014, the Company entered into an agreement with a company controlled by a director of the Company whereby the Company is to pay Cdn$5,500 per month, payable in semi-monthly installments, which is to be paid with shares of common stock of the Company until the Company has adequate funding. If the agreement is terminated by the Company without cause or as a result of a change in control, this Company will be entitled to termination pay of $66,000 per year of service rendered. (g) 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. (h) 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 for 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 (refer to Note 20(g)); ii) The Company agrees to pay to AFSC a monthly fee of $12,500, plus applicable taxes, in equal semi-monthly installmentswhich 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 common 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. (i) On April 2, 2015 and amended on December 15, 2015, the Company entered into a technology development and license agreement (the "License Agreement") with a consultant and a company with common directors. Pursuant to the License Agreement, in consideration of the license granted to the Company and the related company for the development of the EESD graphene-based supercapacitor, the Company is to pay a monthly laboratory operations funding fee of $10,000 and issue 3,000,000 shares of common stock to the consultant. The common stock issued were assigned to the related company. Refer to Note 20(a). (j) On April 22, 2015, the Company entered into an agreement with a non-related party whereby the Company is to pay Cdn$12,500 per month for services rendered. At the successful conclusion of the probationary period of four months, the Company is to issue a bonus of 500,000 shares of common stock. As at December 31, 2015, the Company had $360,000 in common stock issuable to this consultant. Refer to Note 20(h). (k) On April 30, 2015, the Company filed a Notice of Claim with the Court of Queen's Bench of Alberta against Albert Klyne, Norma Klyne, 1804164 Alberta Inc., and Margaret Ward (collectively, "Klyne et al"). The Company seeks rescission of the share purchase agreement to acquire 100% of the shares of 1454004 Alberta Ltd. (the "Agreement") or damages in the amount of Cdn$10,000,000 due to fraudulent misrepresentations made by Klyne et al. On July 24, 2015, the Court of Queen's Bench of Alberta issued an order to prevent Klyne et al from transferring, encumbering, pledging or in any way alienating the common shares of the Company received under the Agreement. On September 4, 2015, the Company received a Statement of Defense from Klyne et al. which stated that pursuant to the Agreement, any dispute will be resolved by arbitration and the facts set forth in the Statement of Claim were denied. As the Company did not take the dispute to arbitration, Klyne et al is seeking dismissal of the action due to substantial breaches of the terms of the Agreement by the Company. On September 4, 2015, the Company received a Notice of Counterclaim from Klyne et al. The Company is being sued for not taking the dispute to arbitration in accordance with the Agreement and Klyne et al is seeking the delivery of the common shares to be provided pursuant to the Agreement. (l) On October 21, 2015, the Company entered into an agreement with a consultant for services to be rendered for a term of one year with automatic six months renewal terms unless terminated in writing by either party. In consideration for the services rendered or introductions made to financing sources by the consultant ("Financing Transaction"), the consultant shall be entitled to receive a success fee equal to 10% of the Company's proceeds from the Financing Transaction once the Financing Transaction is closed. Payment of the success fee shall be made concurrently with the first payment on the Financing Transaction and shall be based upon the total proceeds paid directly or indirectly or for the benefit of the Company by or for the financing source as a result of the transaction. If the Company is acquired or a deal is closed by reverse merger, the consultant shall be entitled to receive a success fee equal to 8% of the value of the merger. The Company shall pay the success fee from the proceeds due to it. All monies have to be realized and received by the Company prior to the payment of the success fee. (m) On November 9, 2015, the Company entered into an agreement with a non-related party whereby the Company is to pay Cdn$10,000 per month for services rendered and issue a signing bonus of 500,000 shares of common stock upon execution. The Company also agreed to pay two months compensation for work previous to the signing of the agreement. As at December 31, 2015, the Company had $360,000 in common stock issuable to this consultant. Refer to Note 20(i). (n) On November 20, 2015, the Company received an Amended Notice of Civil Claim from Shaw Production Way Holdings Inc. (formerly known as Shawood Lumber Inc.) ("Shaw"). Shaw asserts that in August 2014, the Company and Shaw entered into an agreement pursuant to which Shaw would transfer its security interest in Stealth Ventures Inc. ("Stealth") secured note (the "Secured Note") to the Company, but would retain possession of the Secured Note until such time as the preferred shares are converted into free trading common shares of the Company at $0.30 per share or Shaw receives cash from Stealth. In September 2015, Shaw tendered to convert the preferred shares of the Company into common shares of the Company, which were not received. Shaw sought relief for damages for the Company's breach of the agreement and an order for the Company to deliver the common shares or damages of approximately $1,000,000 plus interest and costs. On January 29, 2016, the Company has filed an Amended Response to the Civil Claim. Management of the Company asserts that pursuant to a written contract dated August 14, 2014, the Company would authorize the issuance of $900,000 worth of preferred shares, convertible into common stock at $0.30 per share, in exchange for transfer of the Secured Note. The Company, jointly with Shaw, would continue to hold as security a charge on the assets of Stealth until either the conversion of the preferred shares to common shares or redemption of the note on or before July 31, 2015. Management asserts that Shaw did not transfer the debenture to the Company as required under the agreement. (o) On November 29, 2015 but effective November 25, 2015, the Company entered into a services and commission agreement with a consultant for services to be rendered. In consideration for the services rendered to introduce and assist the Company to enter in agreements with various interested stakeholders for the development of certain business opportunities (the "Target Contracts"), the Company agrees to pay total commission in cash equal to 10% of the amount of the total final Target Contract(s) for the proposed project(s) undertaken by the interested stakeholders. If the full amount of the Target Contract(s) is not paid all at once, pro-rated commissions using a ratio of the amount advanced over the amount of the total contract value shall be paid within three days of the Company receiving the funds for said project(s). The agreement may be terminated by either party with 90 days written notice. In the event of circumvention, either directly or indirectly, the Company agrees to pay a monetary penalty equal to the remuneration the consultant was entitled to under this agreement, plus all legal expenses incurred in the recovery of such remuneration plus interest equivalent to 1.5% compounded monthly for all outstanding amounts owing. The consultant shall be entitled to its remuneration regardless of circumvention as if circumvention had not occurred. (p) On December 10, 2015, the Company received a notice of claim from Russel Matichuk for unpaid services in the amount of Cdn$99,750, damages of Cdn$25,500 for wrongful termination, pre-judgment interest, and costs. The claim is for supposed unpaid and owed salary and severance from the CleanGen group of companies. The Company has filed a response to the claim that there is no record of him being an employee and that if his claim is true, his amounts owing were never disclosed to the Company and will be added to the ongoing litigation against Albert and Norma Klyne for misrepresentation and lack of disclosure during the acquisition of CleanGen Inc. by the Company.

24. Supplemental Cash Flow Info

24. Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Supplemental Cash Flow Information	2015 $ 2014 $ Non-cash investing and financing activities: Beneficial conversion feature on convertible debt 683,424 166,507 Forgiveness of related party debt recorded as additional paid-in capital – 1,453,679 Property and equipment financed under capital lease 617,204 364,812 Shares issued to acquire the business operations of 1301540 Alberta Ltd. – 1,675,000 Shares issued to acquire intangible assets 28,000 – 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 115,487 75,240 Income taxes paid 9,505 2,388

25. Segmented Information

25. Segmented Information	12 Months Ended
	Dec. 31, 2015
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: 2015 $ 2014 $ Recycling services 2,048,123 5,925,445 Services rig and software revenue 130,295 173,350 Transportation services 2,557,922 2,121,341 Elimination of inter-segment net revenue (132,466 ) (312,981 ) Total consolidated net revenue 4,603,874 7,907,155 The following table provides a reconciliation to the Company's consolidated operating results: 2015 $ 2014 $ Recycling services (1,184,986 ) 454,914 Services rig and software revenue (50,930 ) (66,886 ) Transportation services 352,010 (227,881 ) Corporate and other (4,867,611 ) (1,356,279 ) Total consolidated operating income (loss) (5,751,517 ) (1,196,132 ) 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.

26. Income Taxes

26. Income Taxes	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Income Taxes	The Company is subject to income taxes at a combined rate of 34% (2014 – 34%). 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: 2015 $ 2014 $ Income tax expense (recovery) at statutory rate (2,524,009 ) (848,724 ) Permanent difference and other 950,624 (168,031 ) Change in tax rates and true up – 167,853 Difference in tax rates between foreign jurisdictions 163,030 (39,915 ) Valuation allowance change 1,415,261 905,879 Provision for income taxes 4,906 17,062 The significant components of deferred income tax assets and liabilities as at December 31, 2015 and 2014, after applying enacted income tax rates, are as follows: 2015 $ 2014 $ Net operating losses carried forward 2,305,941 1,037,792 Property and equipment 26,598 (107,482 ) Goodwill and intangible assets 346,520 333,488 Valuation allowance (2,679,059 ) (1,263,798 ) Net deferred income tax asset – – The Company has net operating losses carried forward of $7,809,498 which may be carried forward to apply against future year taxable income, subject to the final determination by taxation authorities, expiring in the following years: $ 2031 547,457 2032 796,121 2033 866,537 2034 1,494,672 2035 4,104,711 7,809,498

27. Subsequent Events

27. Subsequent Events	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Subsequent Events	(a) Subsequent to December 31, 2015, the Company received proceeds in the amount of $15,000 and Cdn$123,500 pursuant to the future exercise of share purchase warrants. The share purchase warrants are exercisable at a price of $0.50 per share of common stock for a period of 90 days from when the Company's cease trade order in Canada has been lifted. To exercise the share purchase warrants, each holder must first exercise a minimum of 25% of the respective share purchase warrants issued. (b) On January 11, 2016, the Company received a loan repayment of Cdn$30,000 from a related company with common directors. (c) On February 9, 2016, the Company issued 1,690,000 shares of common stock with a fair value of $1,149,200 as consulting fees. The amount was recorded as shares issuable as at December 31, 2015. Refer to Note 20(j). (d) On February 10, 2016, the Company issued 500,000 shares of common stock with a fair value of $360,000 for a signing bonus to a consultant which was recorded as shares issuable as at December 31, 2015. The Company also issued of 78,750 shares of common stock with a fair value of $41,738 to settle amounts owing to this consultant. Refer to Note 20(i). (e) On February 10, 2016, the Company received proceeds in the amount of Cdn$6,500 pursuant to a loan agreement effective February 9, 2016. The loan payable bears interest at 8.5% per annum, is unsecured, and due on February 9, 2017. (f) On February 12, 2016, the Company issued 81,452 shares of common stock for the conversion of a convertible debenture in the amount of $15,000 plus accrued interest of $1,290. (g) On February 29, 2016, the Company issued 800,000 shares of common stock pursuant to the exercises of share purchase warrants with an exercise price of $0.40 for total proceeds of $320,000. The share purchase warrants were issued pursuant to an offer letter dated January 28, 2016, wherein the Company offered certain holders of the convertible debentures effective December 15, 2014 an election to immediately exercise the share purchase warrants that were issuable upon conversion of the convertible debentures at an amended exercise price of $0.40 per share. (h) On March 14, 2016, the Company received proceeds in the amount of Cdn$6,500 pursuant to a loan agreement effective December 1, 2015. The loan payable bears interest at 8.5% per annum, is unsecured, and is due on December 1, 2016. (i) On April 5, 2016, the Company entered into loan agreements with several investors in the total amounts of Cdn$10,500 and US$50,000. The loan payables bear interest at 8.5% per annum, are unsecured, and are due on December 1, 2016. The Company has received proceeds of Cdn$6,500 and $50,000 pursuant to these loan agreements. (j) On April 11, 2016, the Company and its subsidiary, CleanGen Inc., entered into a share transfer agreement with a company controlled by common officers and directors. Pursuant to the share transfer agreement, the Company agreed to sell its 69.6% interest in CleanGen Inc. for consideration of Cdn$1.

2. Significant Accounting Pol34

2. Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
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 Inc. 69.6% owned subsidiary of the Company CleanGen Power Corp. 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, valuation of intangible assets, the estimated useful lives and recoverability of property and equipment, valuation of assets held for sale, impairment of goodwill, write-off of site retirement obligation, stock-based compensation, capitalization of lease obligations, valuation of deferred revenue, 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 receivables, 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 and 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.
Property and Equipment	Property and 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 Vehicles 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 impairment testing is carried out in two steps. In the first step, the carrying amount of the reporting using including goodwill is compared with its fair value. When the carrying amount of a reporting unit exceeds its fairl vaue goodwill of the reporting unit is considered to be impaired and the second step is necessary. If the total of the expected undiscounted future cash flows is less than the carrying amount of the goodwill, a loss is recognized for the excess of the carrying amount over the fair value of the goodwill. 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.
Intangible Assets	Licenses have been capitalized in accordance with ASC 350-30 " Intangibles – Goodwill and Other – General Intangibles Other Than Goodwill
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 the Alberta Recycling Management Authority ("ARMA") programs, tire collections revenue from ARMA is recognized when tires are picked up from customers. 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 reasonably 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 sale price is agreed, tire shred is delivered to the customer, 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 reasonably 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, line of credit, 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, 2015, the Company has 12,078,644 (2014 – 4,378,849) potentially dilutive shares outstanding.
Comprehensive Income (Loss)	ASC 220, " Comprehensive Income
Recent Accounting Pronouncements	In 2014, the Financial Accounting Standards Board issued new accounting guidance related to revenue recognition. This new standard will replace all current U.S. GAAP guidance on this topic and eliminate all industry-specific guidance. The new revenue recognition guidance provides a unified model to determine when and how revenue is recognized. The core principal is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. This guidance will be effective beginning January 1, 2017 and can be applied either retrospectively for each period presented or as a cumulative-effect adjustment as of the date of adoption. The Company is evaluating the impact and approach to adopting this accounting guidance on the consolidated financial statements. 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 Pol35

2. Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Significant Accounting Policies Tables
Summary of Equipment	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 Vehicles 25% declining balance

3. Acquisition of 1454004 Alb36

3. Acquisition of 1454004 Alberta Ltd. (Tables)	12 Months Ended
	Dec. 31, 2015
Acquisition Of 1454004 Alberta Ltd. Tables
Acquisition of 1454004 Alberta Ltd.	$ 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, 2015
Acquisition Of 1301540 Alberta Ltd. Tables
Acquisition of 1301540 Alberta Ltd.	Cdn$ $ Accounts receivable 306,283 279,455 Prepaid expenses 5,000 4,562 Transportation equipment 547,000 499,088 Goodwill 2,713,065 2,475,424 Accounts payable and accrued liabilities (112,057 ) (160,128 ) Loan payable (175,501 ) (102,242 ) Capital lease obligations (283,790 ) (258,933 ) Total purchase price 3,000,000 2,737,226
WTI's revenue and earnings	Revenue $ Net Loss $ Actual from April 11, 2014 to December 31, 2014 1,808,360 2,479,663 December 31, 2014 supplemental pro forma from January 1, 2014 8,760,880 487,519

5. Acquisition of CleanGen Inc

5. Acquisition of CleanGen Inc (Tables)	12 Months Ended
	Dec. 31, 2015
Acquisition Of Cleangen Inc Tables
Acquisition of CleanGen Inc	$ Net loss attributable to Sunvault Energy, Inc. (2,496,254 ) Increase in the Company's paid-up capital for purchase of 500,000 Class A shares of common stock of CleanGen Inc. 1,200 Change from net loss attributable to Sunvault Energy, Inc. and transfers from the non-controlling interest (2,495,054 )

6. Accounts Receivable (Tables)

6. Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2015
Accounts Receivable Tables
Accounts Receivable	December 31, 2015 $ December 31, 2014 $ Trade accounts receivable 394,116 989,005 GST and other receivable 30,862 11,933 Allowance for doubtful accounts (102,037 ) (90,864 ) 322,941 910,074

7. Inventory (Tables)

7. Inventory (Tables)	12 Months Ended
	Dec. 31, 2015
Inventory Tables
Inventory	December 31, 2015 $ December 31, 2014 $ Tire mulch and other 7,194 15,727 Tire shred 36,559 513,000 43,753 528,727

8. Property and Equipment (Tabl

8. Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Property And Equipment Tables
Property and Equipment	Cost $ Accumulated amortization $ Net book value as at December 31, 2015 $ Net book value as at December 31, 2014 $ Building 79,442 3,027 76,415 94,768 Computer equipment 30,927 18,616 12,311 21,168 Field and production equipment 1,570,992 556,016 1,014,976 1,427,784 Furniture 52,235 18,049 34,186 12,781 Land 62,018 – 62,018 73,982 Transportation equipment 1,135,088 132,763 1,002,325 685,737 Vehicles 64,000 22,149 41,851 55,801 2,994,702 750,620 2,244,082 2,372,021

9. Assets Held For Sale (Tables

9. Assets Held For Sale (Tables)	12 Months Ended
	Dec. 31, 2015
Assets Held For Sale Tables
Assets Held For Sale	Balance $ Cost 500,000 Write-down (17,956 ) Balance, December 31, 2014 482,044 Cost of assets sold (6,666 ) Balance, December 31, 2015 475,378

10. Goodwill (Tables)

10. Goodwill (Tables)	12 Months Ended
	Dec. 31, 2015
Goodwill Tables
Summary of Goodwill	Cost $ Foreign currency translation adjustment $ Impairment $ Net carrying value as at December 31, 2015 $ Net carrying value as at December 31, 2014 $ Coole Immersive Inc. 137,095 (29,103 ) (107,992 ) – 119,073 Werkman Transport Inc. 2,475,424 (83,583 ) (2,140,542 ) 251,299 299,778 2,612,519 (112,686 ) (2,248,534 ) 251,299 418,851

11. Intangible Assets (Tables)

11. Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2015
Intangible Assets Tables
Intangible Assets	Cost $ Accumulated amortization $ Net book value as at December 31, 2015 $ Net book value as at December 31, 2014 $ Electrical energy storage device capacitor license 3,000 – 3,000 – Electrical energy storage device battery license 7,500 – 7,500 – Lighting wand license 7,500 – 7,500 – Graphene-based plastics license 10,000 – 10,000 – 28,000 – 28,000 –

12. Accounts Payable and Accr45

12. Accounts Payable and Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2015
Accounts Payable And Accrued Liabilities Tables
Summary of Accounts Payable and Accrued Liabilities	December 31, 2015 $ December 31, 2014 $ Trade accounts payable 1,732,625 1,202,012 Accrued liabilities 56,640 63,095 Accrued interest (Note 16) 245,074 124,303 GST payable 21,644 61,165 Income taxes payable 8,911 16,896 Payroll payable 60,859 44,910 Other payable 56,866 6,465 2,182,619 1,518,846

14. Long-term Debt (Tables)

14. Long-term Debt (Tables)	12 Months Ended
	Dec. 31, 2015
Long-term Debt Tables
Summary of long-term debt	December 31, 2015 $ December 31, 2014 $ Business Development Bank of Canada, repayable in monthly instalments of Cdn$6,000 plus interest at 7%, maturing May 17, 2018, secured by a general interest in all present and after acquired property. 130,067 212,051 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. 144,526 235,624 John Deere Finance, repayable in monthly installments of Cdn$1,262 including interest at 0%, maturing on January 1, 2018, secured by specific equipment. 22,798 40,248 297,391 487,923 Less: current portion (141,788 ) (144,080 ) Long-term portion 155,603 343,843
Principal repayments on long-term debt	Year Cdn$ $ 2016 196,220 141,788 2017 152,004 109,837 2018 63,335 45,766 411,559 297,391

15. Capital Lease Obligations (

15. Capital Lease Obligations (Tables)	12 Months Ended
	Dec. 31, 2015
Capital Lease Obligations Tables
Capital Lease Obligations	December 31, 2015 $ December 31, 2014 $ Treadco Inc., equipment lease repayable in monthly installments of Cdn$5,000 including interest at 12% per annum, due in February 2015, secured by specific field equipment. – 23,707 Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$2,093, due in June 2016, secured by transportation equipment. 8,849 30,335 Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$1,943, due in August 2016, secured by transportation equipment. 10,434 – Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$2,123, due in September 2016, secured by transportation equipment. 14,750 37,104 Coast Capital, equipment lease repayable in monthly instalments of Cdn$1,186 including interest at 8.23% per annum, due in July 2017, secured by production equipment. 15,962 28,456 Coast Capital, equipment lease repayable in monthly instalments of Cdn$1,067 including interest at 8.23% per annum, due in July 2017, secured by production equipment. 23,303 34,988 Travelers Financial Corporation, equipment lease repayable in monthly instalments of $2,327, due in January 2018, secured by transportation equipment. 43,416 – Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$4,188, due in June 2018, secured by transportation equipment. 82,050 131,733 Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$6,109 for the first six payments and thereafter to decrease to Cdn$4,345, due in March 2019, secured by transportation equipment. 104,915 – Mercado Capital Corporation, equipment lease repayable in monthly installments of Cdn $1,745, due in June 2019, secured by transportation equipment. 44,926 66,649 Blue Chip Leasing Corporation, equipment lease repayable in monthly installments of Cdn$819, due in June 2019, secured by transportation equipment. 15,908 24,630 National Leasing Group Inc., equipment lease repayable in monthly installments of Cdn$783, due in June 2019, secured by transportation equipment. 15,282 22,871 Westana Equipment Leasing Inc., equipment lease repayable in monthly installments of Cdn$2,190, due in June 2019, secured by transportation equipment. 39,897 57,467 Westana Equipment Leasing Inc., equipment lease repayable in monthly installments of Cdn$2,190, due in June 2019, secured by transportation equipment. 39,897 57,467 National Leasing Group Inc., equipment lease repayable in monthly installments of Cdn$823, due in June 2019, secured by transportation equipment. 16,618 25,060 Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$3,674, due in February 2020, secured by transportation equipment. 107,536 – Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$4,070, due in March 2020, secured by transportation equipment. 123,553 – Roynat -Takeuchi Mini Excavator, equipment lease repayable in monthly instalments of $1,173 including interest at 6.5% per annum, due in March 2020, secured by specific field equipment. 47,820 – 755,116 540,467 Less: current portion (309,071 ) (163,373 ) Long-term portion 446,045 377,094
Payments related to capital lease obligations	$ 2016 388,055 2017 233,074 2018 185,607 2019 80,088 2020 11,371 898,195 Less: imputed interest (143,079 ) 755,116 Less: current portion (309,071 ) Long-term portion 446,045

20. Common Stock (Tables)

20. Common Stock (Tables)	12 Months Ended
	Dec. 31, 2015
Common Stock Tables
Summary of common stock	Common Stock Additional Paid-in Shares # Amount $ Capital $ 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

21. Stock Options (Tables)

21. Stock Options (Tables)	12 Months Ended
	Dec. 31, 2015
Stock Options Tables
Stock Options	Number of options Weighted average exercise price $ Aggregate intrinsic value $ Outstanding, December 31, 2013 – – Issued as part of the recapitalization 3,100,000 0.10 Outstanding, December 31, 2014 and 2015 3,100,000 0.10 1,829,000
Outstanding stock options	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 3.1 0.10

22. Share Purchase Warrants (Ta

22. Share Purchase Warrants (Tables)	12 Months Ended
	Dec. 31, 2015
Share Purchase Warrants Tables
Share purchase warrants	Number of warrants Weighted average exercise price $ Balance, December 31, 2013 – – Issued as part of the recapitalization 427,333 2.00 Issued to a consultant 100,000 2.00 Balance, December 31, 2014 527,333 2.00 Issued 1,930,000 0.50 Expired (427,333 ) 2.00 Balance, December 31, 2015 2,030,000 0.57
Share purchase warrants exercise price	Number of warrants Exercise price $ Expiry date 100,000 2.00 April 15, 2017 1,930,000 0.50 90 days from when the Company's cease trade order in Canada has been lifted 2,030,000

24. Supplemental Cash Flow In51

24. Supplemental Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2015
Supplemental Cash Flow Information Tables
Summary of supplemental cash flow information	2015 $ 2014 $ Non-cash investing and financing activities: Beneficial conversion feature on convertible debt 683,424 166,507 Forgiveness of related party debt recorded as additional paid-in capital – 1,453,679 Property and equipment financed under capital lease 617,204 364,812 Shares issued to acquire the business operations of 1301540 Alberta Ltd. – 1,675,000 Shares issued to acquire intangible assets 28,000 – 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 115,487 75,240 Income taxes paid 9,505 2,388

25. Segmented Information (Tabl

25. Segmented Information (Tables)	12 Months Ended
	Dec. 31, 2015
Segmented Information Tables
Summarizes the financial performance of the Company's reportable segments	2015 $ 2014 $ Recycling services 2,048,123 5,925,445 Services rig and software revenue 130,295 173,350 Transportation services 2,557,922 2,121,341 Elimination of inter-segment net revenue (132,466 ) (312,981 ) Total consolidated net revenue 4,603,874 7,907,155
Reconciliation to the Company's consolidated operating results	2015 $ 2014 $ Recycling services (1,184,986 ) 454,914 Services rig and software revenue (50,930 ) (66,886 ) Transportation services 352,010 (227,881 ) Corporate and other (4,867,611 ) (1,356,279 ) Total consolidated operating income (loss) (5,751,517 ) (1,196,132 )

26. Income Taxes (Tables)

26. Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Taxes Tables
Reconciliation of the provision for income taxes	2015 $ 2014 $ Income tax expense (recovery) at statutory rate (2,524,009 ) (848,724 ) Permanent difference and other 950,624 (168,031 ) Change in tax rates and true up – 167,853 Difference in tax rates between foreign jurisdictions 163,030 (39,915 ) Valuation allowance change 1,415,261 905,879 Provision for income taxes 4,906 17,062
Significant components of deferred income tax assets and liabilities	2015 $ 2014 $ Net operating losses carried forward 2,305,941 1,037,792 Property and equipment 26,598 (107,482 ) Goodwill and intangible assets 346,520 333,488 Valuation allowance (2,679,059 ) (1,263,798 ) Net deferred income tax asset – –
Schedule of future year income tax for income tax purposes	$ 2031 547,457 2032 796,121 2033 866,537 2034 1,494,672 2035 4,104,711 7,809,498

1. Nature of Operations and C54

1. Nature of Operations and Continuance of Business (Details Narrative) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Nature Of Operations And Continuance Of Business Details Narrative
Working capital deficiency	$ 5,164,666
Accumulated losses	$ (11,876,858)	$ (4,980,553)

2. Significant Accounting Pol55

2. Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2015
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 Pol56

2. Significant Accounting Policies (Details Narrative) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Significant Accounting Policies Details Narrative
Potentially dilutive shares outstanding	12,078,644	4,378,849

3. Acquisition of 1454004 Alb57

3. Acquisition of 1454004 Alberta Ltd. (Details) - Acquisition of 1454004 Alberta Ltd [Member]	Dec. 31, 2015USD ($)
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 Op58

4. Acquisition of Business Operations of 1301540 Alberta Ltd. (Details)	Dec. 31, 2015USD ($)
Acquisition of 1301540 Alberta Ltd [Member]
Accounts receivable	$ 279,455
Prepaid expenses	4,562
Transportation equipment	499,088
Goodwill	2,475,424
Accounts payable and accrued liabilities	(160,128)
Loan payable	(102,242)
Capital lease obligations	(258,933)
Total purchase price	2,737,226
Cdn [Member]
Accounts receivable	306,283
Prepaid expenses	5,000
Transportation equipment	547,000
Goodwill	2,713,065
Accounts payable and accrued liabilities	(112,057)
Loan payable	(175,501)
Capital lease obligations	(283,790)
Total purchase price	$ 3,000,000

4. Acquisition of Business Op59

4. Acquisition of Business Operations of 1301540 Alberta Ltd. (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Revenue	$ 4,603,874	$ 7,907,155
Net Loss	(7,428,469)	$ (2,569,652)
Actual from April 11, 2014 to December 31, 2014 [Member]
Revenue	1,808,360
Net Loss	2,479,663
December 31, 2014 supplemental pro forma from January 1, 2014 [Member]
Revenue	8,760,880
Net Loss	$ 487,519

5. Acquisition of CleanGen In60

5. Acquisition of CleanGen Inc. (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Acquisition Of Cleangen Inc. Details
Net loss attributable to Sunvault Energy Inc.	$ (2,496,254)
Increase in the Company's paid-up capital for purchase of 500,000 Class A shares of common stock of CleanGen Inc	1,200
Change from net loss attributable to Sunvault Energy Inc. and transfers from the non-controlling interest	$ (2,495,054)

6. Accounts Receivable (Details

6. Accounts Receivable (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Accounts Receivable Details
Trade accounts receivable	$ 394,116	$ 989,005
GST and other receivable	30,862	11,933
Allowance for doubtful accounts	(102,037)	(90,864)
Total	$ 322,941	$ 910,074

7. Inventory (Details)

7. Inventory (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Inventory Details
Tire mulch and other	$ 7,194	$ 15,727
Tire shred	36,559	513,000
Total	$ 43,753	$ 528,727

7. Inventory (Details Narrative

7. Inventory (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Inventory Details Narrative
Write-down of inventory (Note 7)	$ (328,764)

8. Property and Equipment (Deta

8. Property and Equipment (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Cost	$ 2,994,702
Accumulated amortization	750,620
Net book value	2,244,082	$ 2,372,021
Building [Member]
Cost	79,442
Accumulated amortization	3,027
Net book value	76,415	94,768
Computer Equipment [Member]
Cost	30,927
Accumulated amortization	18,616
Net book value	12,311	21,168
Field and production equipment [Member]
Cost	1,570,992
Accumulated amortization	556,016
Net book value	1,014,976	1,427,784
Furniture [Member]
Cost	52,235
Accumulated amortization	18,049
Net book value	34,186	12,781
Land [Member]
Cost	$ 62,018
Accumulated amortization
Net book value	$ 62,018	73,982
Transportation Equipment [Member]
Cost	1,135,088
Accumulated amortization	132,763
Net book value	1,002,325	685,737
Vehicles [Member]
Cost	64,000
Accumulated amortization	22,149
Net book value	$ 41,851	$ 55,801

8. Property and Equipment (De65

8. Property and Equipment (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Property And Equipment Details Narrative
Field and production equipment are assets under capital lease	$ 147,514	$ 224,515
Accumulated amortization	26,968	35,898
Transportation equipment are assets under capital lease	1,052,712	586,669
Accumulated amortization	109,382	51,727
Amortization expense	$ 77,711	$ 72,126

9. Assets Held For Sale (Detail

9. Assets Held For Sale (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Assets held for sale, beginning balance	$ 482,044
Cost of assets sold	(6,666)
Assets held for sale, ending balance	475,378
Cost [Member]
Assets held for sale, beginning balance	500,000
Write-down [Member]
Assets held for sale, beginning balance	$ (17,956)

10. Goodwill (Details)

10. Goodwill (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Cost	$ 2,612,519
Foreign currency translation adjustment	(112,686)
Impairment	(2,248,534)
Net carrying value	251,299	$ 418,851
Coole Immersive Inc.
Cost	137,095
Foreign currency translation adjustment	(29,103)
Impairment	$ (107,992)
Net carrying value		119,073
Werkman Transport Inc.
Cost	$ 2,475,424
Foreign currency translation adjustment	(83,583)
Impairment	(2,140,542)
Net carrying value	$ 251,299	$ 299,778

10. Goodwill (Details Narrative

10. Goodwill (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Impairment of goodwill	$ (107,992)	$ (2,155,298)
Coole Immersive Inc.
Impairment of goodwill	$ 107,992
Werkman Transport Inc.
Impairment of goodwill		$ 2,140,542
CuttingEdge Tire Recycling Limited Partnership
Impairment of goodwill		$ 14,756

11. Intangible Assets (Details)

11. Intangible Assets (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Cost	$ 28,000
Accumulated amortization
Net book value	$ 28,000
Electrical energy storage device capacitor license [Member]
Cost	$ 3,000
Accumulated amortization
Net book value	$ 3,000
Electrical energy storage device battery license [Member]
Cost	$ 7,500
Accumulated amortization
Net book value	$ 7,500
Lighting wand license [Member]
Cost	$ 7,500
Accumulated amortization
Net book value	$ 7,500
Graphene-based plastics license [Member]
Cost	$ 10,000
Accumulated amortization
Net book value	$ 10,000

12. Accounts Payable and Accr70

12. Accounts Payable and Accrued Liabilities (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Accounts Payable And Accrued Liabilities Details
Trade accounts payable	$ 1,732,625	$ 1,202,012
Accrued liabilities	56,640	63,095
Accrued interest (Note 16)	245,074	124,303
GST payable	21,644	61,165
Income taxes payable	8,911	16,896
Payroll payable	60,859	44,910
Other payable	56,866	6,465
Total	$ 2,182,619	$ 1,518,846

13. Loans Payable (Details Narr

13. Loans Payable (Details Narrative) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Loans Payable [Member]
Company owed	$ 115,281	$ 115,281
Loans Payable One [Member]
Company owed	16,692	0
Loans Payable Two [Member]
Company owed	12,000	0
Loans Payable Three [Member]
Company owed	$ 204,050	$ 0

14. Long-term Debt (Details)

14. Long-term Debt (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
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.	$ 130,067	$ 212,051
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.	144,526	235,624
John Deere Finance, repayable in monthly installments of Cdn$1,262 including interest at 0%, maturing on January 1, 2018, secured by specific equipment.	22,798	40,248
Long-term Debt	297,391	487,923
Less: current portion	(141,788)	(144,080)
Long-term portion	$ 155,603	$ 343,843

14. Long-term Debt (Details 1)

14. Long-term Debt (Details 1)	Dec. 31, 2015USD ($)
2,016	$ 141,788
2,017	109,837
2,018	45,766
Long-term Debt	297,391
Cdn [Member]
2,016	196,220
2,017	152,004
2,018	63,335
Long-term Debt	$ 411,559

15. Capital Lease Obligations74

15. Capital Lease Obligations (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Capital Lease Obligations Details
Treadco Inc., equipment lease repayable in monthly installments of Cdn$5,000 including interest at 12% per annum, due in February 2015, secured by specific field equipment		$ 23,707
Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$2,093, due in June 2016, secured by transportation equipment	$ 8,849	$ 30,335
Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$1,943, due in August 2016, secured by transportation equipment	10,434
Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$2,123, due in September 2016, secured by transportation equipment	14,750	$ 37,104
Coast Capital, equipment lease repayable in monthly instalments of Cdn$1,186 including interest at 8.23% per annum, due in July 2017, secured by production equipment	15,962	28,456
Coast Capital, equipment lease repayable in monthly instalments of Cdn$1,067 including interest at 8.23% per annum, due in July 2017, secured by production equipment	23,303	$ 34,988
Travelers Financial Corporation, equipment lease repayable in monthly instalments of $2,327, due in January 2018, secured by transportation equipment	43,416
Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$4,188, due in June 2018, secured by transportation equipment	82,050	$ 131,733
Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$6,109 for the first six payments and thereafter to decrease to Cdn$4,345, due in March 2019, secured by transportation equipment	104,915
Mercado Capital Corporation, equipment lease repayable in monthly installments of Cdn $1,745, due in June 2019, secured by transportation equipment	44,926	$ 66,649
Blue Chip Leasing Corporation, equipment lease repayable in monthly installments of Cdn$819, due in June 2019, secured by transportation equipment	15,908	24,630
National Leasing Group Inc., equipment lease repayable in monthly installments of Cdn$783, due in June 2019, secured by transportation equipment	15,282	22,871
Westana Equipment Leasing Inc., equipment lease repayable in monthly installments of Cdn$2,190, due in June 2019, secured by transportation equipment	39,897	57,467
Westana Equipment Leasing Inc., equipment lease repayable in monthly installments of Cdn$2,190, due in June 2019, secured by transportation equipment	39,897	57,467
National Leasing Group Inc., equipment lease repayable in monthly installments of Cdn$823, due in June 2019, secured by transportation equipment	16,618	$ 25,060
Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$3,674, due in February 2020, secured by transportation equipment	107,536
Travelers Financial Corporation, equipment lease repayable in monthly installments of Cdn$4,070, due in March 2020, secured by transportation equipment	123,553
Roynat -Takeuchi Mini Excavator, equipment lease repayable in monthly instalments of $1,173 including interest at 6.5% per annum, due in March 2020, secured by specific field equipment	47,820
Capital Lease Obligations	755,116	$ 540,467
Less: current portion	(309,071)	(163,373)
Long-term portion	$ 446,045	$ 377,094

15. Capital Lease Obligations75

15. Capital Lease Obligations (Details 1) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Capital Lease Obligations Details 1
2,016	$ 388,055
2,017	233,074
2,018	185,607
2,019	80,088
2,020	11,371
Capital Leases Gross	898,195
Less: imputed interest	(143,079)
Capital Leases Net	755,116
Less: current portion	(309,071)	$ (163,373)
Long-term portion	$ 446,045	$ 377,094

16. Grant Payable (Details Narr

16. Grant Payable (Details Narrative) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Grant Payable Details Narrative
Grant payable	$ 700,308	$ 835,408
Accrued interest	$ 126,902	$ 124,303

17. Convertible Debt (Details N

17. Convertible Debt (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Interest expense	$ 838,732	$ 9,815
Convertible Debt [Member]
Deferred financing costs amortized	11,709	8,148
Convertible Debt One [Member]
Deferred financing costs amortized	20,197	0
Additional paid-in capital	428,335
Interest expense	257,760	9,815
Carrying values of convertible debentures	725,990	146,048
Convertible Debt Two [Member]
Deferred financing costs amortized	12,491	0
Additional paid-in capital	259,164
Interest expense	259,164	0
Carrying values of convertible debentures	447,000	0
Convertible Debt Three [Member]
Deferred financing costs amortized	2,471	0
Additional paid-in capital	166,500
Interest expense	166,500	0
Carrying values of convertible debentures	$ 277,500	$ 0

18. Related Party Transactions

18. Related Party Transactions (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Management fees	$ 1,680,487	$ 684,374
Chief Executive Officer [Member]
Amount owed to related party	67,108	10,286
Management fees	120,000	115,000
Officers and Directors [Member]
Amount owed from related party	81,735	56,511
Chief Technology Officer [Member]
Amount owed to related party	$ 19,500	19,500
Management fees		$ 34,500
Consulting fees	$ 9,960
Secretary [Member]
Amount owed to related party	14,980	$ 14,980
Directors [Member]
Amount owed to related party	180,240	107,232
Management fees	799,377	141,755
Consulting fees	149,410	7,245
President [Member]
Amount owed to related party	86,537	$ 0
Management fees	605,417
Common Directors [Member]
Amount owed from related party	27,706	$ 0
Officers and Directors One [Member]
Amount owed from related party	469,608	$ 158,886
Significant Shareholder [Member]
Amount owed from related party	$ 66,105
Consulting fees		$ 36,223
Significant Shareholder One [Member]
Amount owed from related party	$ 5,780	0
Director One [Member]
Amount owed from related party	3,613	4,310
Accounts payable and accrued liabilities	21,262	0
Former President of 1454004 [Member]
Amount owed to related party	62,466	20,804
Management fees	$ 12,704	133,573
Consulting fees		37,129
Accounts payable and accrued liabilities	$ 59,575	0
President of Coole [Member]
Amount owed to related party	4,408	69
President of WTI [Member]
Amount owed to related party	24,999	48,253
Management fees	93,813	76,974
Brother of the President of WTI
Labour expense	$ 86,820	296,824
Daughter of the President of 1454004
Management fees		76,119
Labour expense		4,567
Son of the former President of 1454004
Management fees		46,185
Labour expense	$ 27,541	41,035
Salaries and subcontracting fees		$ 3,490
President of Coole [Member]
Salaries and subcontracting fees	$ 55,129
Director of 1454004 [Member]
Management fees		$ 129,800
Salaries and subcontracting fees		$ 12,980

20. Common Stock (Details)

20. Common Stock (Details)	12 Months Ended
	Dec. 31, 2014USD ($)shares
Ending Balance, Shares | shares	106,878,613
Ending Balance, Amount	$ 106,879
Common Stock
Beginning Balance, Shares | shares	65,177,333
Beginning Balance, Amount	$ 65,177
Fair value of stock options vested
Shares issued to settle convertible debt, Shares | shares	350,000
Shares issued to settle convertible debt, Amount	$ 350
Shares issued for services rendered, Shares | shares	300,000
Shares issued for services rendered, Amount	$ 300
Ending Balance, Shares | shares	65,827,333
Ending Balance, Amount	$ 65,827
Additional Paid-In Capital
Beginning Balance, Amount	646,922
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

20. Common Stock (Details Narra

20. Common Stock (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Deferred compensation expense	$ 25,151
President of WTI [Member]
Common stock issuable	171,395	$ 171,395
President [Member]
Common stock issuable	486,667
Consultant [Member]
Common stock issuable	360,000
Consultant One [Member]
Common stock issuable	360,000
Consultant Two [Member]
Common stock issuable	$ 1,149,200

21. Stock Options (Details)

21. Stock Options (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Number of Options
Beginning, Balance	3,100,000
Issued as part of the recapitalization	3,100,000	3,100,000
Ending, Balance	3,100,000	3,100,000
Beginning, Balance	$ 0.10
Issued as part of the recapitalization	0.10	$ 0.10
Ending, Balance	$ 0.10	$ 0.10
Aggregate Intrinsic Value
Outstanding Ending, Balance	$ 1,829,000	$ 1,829,000

21. Stock Options (Details 1)

21. Stock Options (Details 1)	12 Months Ended
	Dec. 31, 2015$ / sharesshares
Stock Options Details 1
Range of exercise prices	$ 0.10
Number of shares | shares	3,100,000
Weighted average remaining contractual life(years)	4 years 1 month 6 days
Weighted average exercise price	$ 0.10

22. Share Purchase Warrants (De

22. Share Purchase Warrants (Details) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Number Of Warrants
Beginning, Balance	3,100,000
Ending, Balance	3,100,000	3,100,000
Beginning, Balance	$ 0.10
Ending, Balance	$ 0.10	$ 0.10
Warrant [Member]
Number Of Warrants
Beginning, Balance	527,333
Issued as part of the recapitalization		427,333
Issued to a consultant		100,000
Issued	1,930,000
Expired	(427,333)
Ending, Balance	2,030,000	527,333
Beginning, Balance	$ 2
Issued as part of the recapitalization	0.50	$ 2
Issued to a consultant		2
Issued	0.50	2
Expired	2
Ending, Balance	$ 0.57	$ 2

22. Share Purchase Warrants (84

22. Share Purchase Warrants (Details 1) - $ / shares	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2013
Number of Warrants	20,527,333
Exercise Price	$ 0.10	$ 0.10
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

23. Commitments and Contingen85

23. Commitments and Contingencies (Details Narrative)	12 Months Ended
	Dec. 31, 2015USD ($)
Commitments And Contingencies Details Narrative
Value of common stock issuable to customer	$ 360,000

24. Supplemental Cash Flow In86

24. Supplemental Cash Flow Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Non-cash investing and financing activities:
Beneficial conversion feature on convertible debt	$ 683,424	$ 166,507
Forgiveness of related party debt recorded as additional paid-in capital		1,453,679
Property and equipment financed under capital lease	$ 617,204	364,812
Shares issued to acquire the business operations of 1301540 Alberta Ltd.		$ 1,675,000
Shares issued to acquire intangible assets	$ 28,000
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	$ 115,487	75,240
Income taxes paid	$ 9,505	$ 2,388

25. Segmented Information (Deta

25. Segmented Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Segmented Information Details
Recycling services	$ 2,048,123	$ 5,925,445
Services rig and software revenue	130,295	173,350
Transportation services	2,557,922	2,121,341
Elimination of inter-segment net revenue	(132,466)	(312,981)
Total consolidated net revenue	$ 4,603,874	$ 7,907,155

25. Segmented Information (De88

25. Segmented Information (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Segmented Information Details 1
Recycling services	$ (1,184,986)	$ 454,914
Services rig and software revenue	(50,930)	(66,886)
Transportation services	352,010	(227,881)
Corporate and other	(4,867,611)	(1,356,279)
Total consolidated operating income (loss)	$ (5,751,517)	$ (1,196,132)

26. Income Taxes (Details)

26. Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Taxes Details
Income tax expense (recovery) at statutory rate	$ (2,524,009)	$ (848,724)
Permanent difference and other	$ 950,624	(168,031)
Change in tax rates and true up		167,853
Difference in tax rates between foreign jurisdictions	$ 163,030	(39,915)
Valuation allowance change	1,415,261	905,879
Provision for income taxes	$ 4,906	$ 17,062

26. Income Taxes (Details 1)

26. Income Taxes (Details 1) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Income Taxes Details 1
Net operating losses carried forward	$ 2,305,941	$ 1,037,792
Property and equipment	26,598	(107,482)
Goodwill and intangible assets	346,520	333,488
Valuation allowance	$ (2,679,059)	$ (1,263,798)
Net deferred income tax asset

26. Income Taxes (Details 2)

26. Income Taxes (Details 2)	12 Months Ended
	Dec. 31, 2015USD ($)
Income Taxes Details 2
2,031	$ 547,457
2,032	796,121
2,033	866,537
2,034	1,494,672
2,035	4,104,711
Total	$ 7,809,498