Pacific Green (PGTK) 10-Q 20 Aug 18 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2018	Aug. 15, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	Pacific Green Technologies Inc.
Entity Central Index Key	1,553,404
Trading Symbol	PGTK
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,019
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		43,208,923

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2018	Mar. 31, 2018
ASSETS
Cash	$ 2,307,735	$ 229,882
Amounts receivable	6,354	4,912
Prepaid expenses and deposits	524,994	72,032
Due from related parties (Note 8)	25,101	25,101
Total Current Assets	2,864,184	331,927
Lease receivable (Note 3)	1,995,000	1,995,000
Property and equipment (Note 4)	13,444	15,800
Intangible assets (Note 5)	10,403,115	10,622,068
Total Assets	15,275,743	12,964,795
Current Liabilities
Accounts payable and accrued liabilities (Note 8)	714,130	888,760
Convertible debenture (Note 6)	30,000	30,000
Due to related parties (Note 8)	79,724	229,544
Derivative liability (Note 7)	220,652	75,505
Total Liabilities	1,044,506	1,223,809
Nature of Operations and Continuance of Business (Note 1)
Commitments (Note 13)
Stockholders' Equity
Preferred stock, 10,000,000 shares authorized, $0.001 par value Nil shares issued and outstanding
Common stock, 500,000,000 shares authorized, $0.001 par value 43,208,923 and 40,757,415 shares issued and outstanding, respectively	43,209	40,757
Common stock issuable (Note 9)		206,675
Additional paid-in capital	82,647,069	78,989,346
Accumulated other comprehensive income	154,029	268,259
Deficit	(68,613,070)	(67,764,051)
Total Stockholders' Equity	14,231,237	11,740,986
Total Liabilities and Stockholders' Equity	$ 15,275,743	$ 12,964,795

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2018	Mar. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, shares authorized	500,000,000	500,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	43,208,923	40,757,415
Common stock, shares outstanding	43,208,923	40,757,415

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Operating expenses
Advertising and promotion	$ 34,517	$ 15,850
Amortization of intangible assets	218,953	218,953
Consulting fees (Note 8)	357,084	101,803
Depreciation	2,356	2,356
Foreign exchange loss (gain)	(144,729)	98,471
Office and miscellaneous	62,643	46,831
Professional fees	69,542	39,529
Research and development		52,304
Transfer agent and filing fees	17,022	13,301
Travel	83,494	50,419
Total operating expenses	700,882	639,817
Loss before other income expenses	(700,882)	(639,817)
Other income expenses
Loss on change in fair value of derivative liability (Note 7)	(145,147)	(105,060)
Interest expense	(2,990)	(268,703)
Total other income expenses	(148,137)	(373,763)
Net loss for the period	(849,019)	(1,013,580)
Other comprehensive income (loss)
Foreign currency translation gain (loss)	(114,230)	44,050
Comprehensive loss for the period	$ (963,249)	$ (969,530)
Net loss per share, basic and diluted	$ (0.02)	$ (0.04)
Weighted average number of shares outstanding	41,641,116	26,467,393

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Operating Activities
Net loss for the period	$ (849,019)	$ (1,013,580)
Adjustments to reconcile net loss to net cash used in operating activities:
Accretion of discount on note payable and convertible debentures		33,438
Amortization of intangible assets	218,953	218,953
Depreciation	2,356	2,356
Imputed interest		225,000
Loss on change in fair value of derivative liability	145,147	105,060
Stock issued for services	189,467
Changes in operating assets and liabilities:
Amounts receivable	(1,442)	20,723
Prepaid expenses and deposits	(124,929)	(135,567)
Due from related parties		(94)
Accounts payable and accrued liabilities	(174,629)	(137,618)
Due to related parties	(124,719)	63,837
Net Cash Used In Operating Activities	(718,815)	(617,492)
Investing Activities
Additions of property and equipment		(87,647)
Net Cash Used In Investing Activities		(87,647)
Financing Activities
Repayments to related parties		(331,783)
Repayment of loan payable		(30,917)
Proceeds from issuance of common stock	2,936,000	1,170,000
Net Cash Provided by Financing Activities	2,936,000	807,300
Effect of Foreign Exchange Rate Changes on Cash	(139,332)	43,311
Change in Cash	2,077,853	145,472
Cash, Beginning of Period	229,882	382,167
Cash, End of Period	2,307,735	527,639
Non-cash Investing and Financing Activities:
Stock issued for services included in prepaid expenses	328,033
Supplemental Disclosures:
Interest paid
Income taxes paid

Nature of Operations and Contin

Nature of Operations and Continuance of Business	3 Months Ended
	Jun. 30, 2018
Nature of Operations and Continuance of Business [Abstract]
Nature of Operations and Continuance of Business	1. Nature of Operations and Continuance of Business Pacific Green Technologies Inc. (the “Company”) was incorporated in the state of Delaware on March 10, 1994, under the name of Beta Acquisition Corp. In September 1995, the Company changed its name to In-Sports International, Inc. In August 2002, the Company changed its name to ECash, Inc. On June 13, 2012, the Company changed its name to Pacific Green Technologies Inc. The Company is in the business of acquiring, developing, and marketing emission control technologies. The accompanying condensed consolidated financial statements of the Company should be read in conjunction with the consolidated financial statements and accompanying notes filed with the U.S. Securities and Exchange Commission in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2018. In the opinion of management, the accompanying condensed consolidated financial statements reflect all adjustments of a recurring nature considered necessary to present fairly the Company’s financial position and the results of its operations and its cash flows for the periods shown. The preparation of these condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. The results of operations and cash flows for the periods shown are not necessarily indicative of the results to be expected for the full year. These condensed 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, creditors, and related parties, and the ability of the Company to generate profitable operations. As at June 30, 2018, the Company has begun commercial sales generating revenues; the Company has an accumulated deficit of $68,613,070 since inception. A history of significant losses raises doubts 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.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Jun. 30, 2018
Significant Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies (a) Basis of Presentation These consolidated financial statements and related notes are presented in accordance 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: Pacific Green Marine Technologies Ltd. (“PGMTL”) Wholly-owned subsidiary Pacific Green Technologies International Limited (“PGTIL”) PGT Technologies (Canada) Ltd (“PGT CAN”) Wholly-owned subsidiary Wholly-owned subsidiary Energy Park Sutton Bridge Ltd. (“EPSB”) Wholly-owned subsidiary of PGTIL Pacific Green Technologies Asia Limited (“PGTA”) Wholly-owned subsidiary of PGTIL Pacific Green Technologies China Limited (“PGTC”) Wholly-owned subsidiary of PGTA All inter-company balances and transactions have been eliminated. (b) Financial Instruments and Fair Value Measurements ASC 820, “Fair Value Measurements and Disclosures” requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The Company’s financial instruments consist principally of cash, amounts receivable, lease receivable, amounts due from and to related parties, accounts payable and accrued liabilities, convertible debenture, and derivative liability. The recorded values of these financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. The following table represents assets and liabilities that are measured and recognized at fair value as of June 30, 2018, on a recurring basis: Level 1 Level 2 Level 3 Cash 2,307,735 – – Derivative liability – 220,652 – Total 2,307,735 220,652 – During the three months ended June 30, 2018, the Company recognized a loss on the change in fair value of derivative liability of $145,147 (2017 – $105,060). (c) Recent Accounting Pronouncements In February 2016, the FASB issued new lease accounting guidance in ASU No. 2016-02, “ Leases The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated 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.

Lease Receivable

Lease Receivable	3 Months Ended
	Jun. 30, 2018
Lease Receivable [Abstract]
Lease Receivable	3. Lease Receivable In December 2017, the Company completed the installation and the accounting sale of a constructed scrubber system. The Company’s investment in sales-type lease as at June 30, 2018, consists of an amount due from the customer under a long-term lease arrangement. No amount has been allocated to residual value or other deliverables; accordingly, the amount presented in the balance sheet represents the present value of amounts due under the energy management contract. The entire amount is presented as a long-term receivable.

Property and Equipment

Property and Equipment	3 Months Ended
	Jun. 30, 2018
Property and Equipment [Abstract]
Property and Equipment	4. Property and Equipment Cost Accumulated June 30, March 31, Furniture and equipment 4,155 1,454 2,701 2,908 Leasehold improvements 25,784 15,041 10,743 12,892 Total 29,939 16,495 13,444 15,800

Intangible Assets

Intangible Assets	3 Months Ended
	Jun. 30, 2018
Intangible Assets [Abstract]
Intangible Assets	5. Intangible Assets Cost Accumulated Impairment June 30, March 31, Patents and technical information 35,852,555 (4,992,185 ) (20,457,255 ) 10,403,115 10,622,068 On May 17, 2013, the Company entered into an Assignment of Assets agreement with EnviroTechnologies, Inc. (“Enviro”), a non-related party, whereby the Company acquired various patents and technical information related to the manufacture of a wet scrubber for removing sulphur, other pollutants, and the particulate matter from diesel engine exhaust. In exchange for these assets, the Company waived all obligations owing to the Company as well as agreed to return a total of 88,876,443 of Enviro’s shares back to Enviro. The obligations waived consisted of $237,156 owing to the Company as well as $93,721 of debt owing to Pacific Green Group Limited (“PGG”), a company controlled by a shareholder of the Company who has a significant influence on the Company’s operations, which was assigned to the Company. The Company entered into share exchange agreements with Enviro shareholders pursuant to which it issued shares of its common stock in exchange for shares of Enviro on a one-for-ten basis. The intangible assets acquired were recorded at cost and is being amortized using the straight-line method over the estimated useful life of 17 years.

Convertible Debenture

Convertible Debenture	3 Months Ended
	Jun. 30, 2018
Convertible Debenture [Abstract]
Convertible Debenture	6. Convertible Debenture On November 10, 2015, the Company entered into a $110,000 convertible debenture with a non-related party, in exchange for $100,000, net of $10,000 for legal fees which was deferred and amortized over the term of the debenture. Under the terms of the debenture, the amount is unsecured, bears guaranteed interest at 10% and default interest at 20% per annum, and was due on November 10, 2016. The note is convertible into shares of common stock of the Company equal to the lower of: (a) $0.40 or (b) 60% of the lowest trading price of the Company’s common stock during the 20 consecutive trading days prior to the date of conversion. In the event of a default, the discount shall be permanently increased by 10%. The Company analyzed the conversion option under ASC 815, and determined that the conversion feature should be classified as a liability and recorded at fair value due to there being no explicit limit to the number of shares to be delivered upon settlement of the conversion option. In accordance with ASC 815, the Company recognized the intrinsic value of the embedded beneficial conversion feature of $110,000. On February 22, 2017, the Company issued 50,000 shares of common stock for the conversion of $20,000 of this debenture. On August 10, 2017, the Company issued 100,000 shares of common stock for the conversion of $20,000 of this debenture. On October 4, 2017, the Company issued 320,000 shares of common stock for the conversion of $40,000 of this debenture. As at June 30, 2018, the carrying value of the debenture was $30,000 (March 31, 2018 - $30,000) and the fair value of the derivative liability was $220,652 (March 31, 2018 - $75,505).

Derivative Liability

Derivative Liability	3 Months Ended
	Jun. 30, 2018
Derivative Liability [Abstract]
Derivative Liability	7. Derivative Liability The Company records the fair value of the conversion price of the convertible debenture disclosed in Note 7 in accordance with ASC 815. The fair value of the derivative liability was calculated using a binomial option pricing model. The fair value of the derivative liability is revalued on each balance sheet date with corresponding gains and losses recorded in the consolidated statement of operations. During the three months ended June 30, 2018, the Company recorded a loss on the change in fair value of derivative liability of $145,147 (2017 – $105,060). As at June 30, 2018, the Company recorded derivative liability of $220,652 (March 31, 2018 - $75,505). The following inputs and assumptions were used to calculate the fair value of the beneficial conversion feature of the convertible debenture outstanding as at June 30, 2018, assuming no expected dividends: As at Estimated common stock issuable upon conversion 163,322 Estimated exercise price per common share 0.40 Risk-free interest rate 1.0 % Expected volatility 106 % Expected life (in years) 0.25 A summary of the activity of the derivative liability is shown below: $ Balance, March 31, 2018 75,505 Mark to market adjustment 145,147 Balance, June 30, 2018 220,652

Related Party Transactions

Related Party Transactions	3 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
Related Party Transactions	8. Related Party Transactions (a) As at June 30, 2018, the Company was owed $25,101 (March 31, 2018 - $25,101) from a shareholder of the Company who has a significant influence on the Company’s operations. The amount owed is unsecured, non-interest bearing, and due on demand. (b) As at June 30, 2018, the Company owed $19,737 (March 31, 2018 – $198,175) to PGG, a company controlled by a shareholder of the Company who has a significant influence on the Company’s operations, of which $nil (March 31, 2018 - $28,618) was recorded in accounts payable and accrued liabilities. The amounts owing are unsecured, non-interest bearing, and due on demand. (c) As at June 30, 2018, the Company owed $67,905 (March 31, 2018 – $64,195) to directors of the Company, of which $7,918 (March 31, 2018 - $4,208) was recorded in accounts payable and accrued liabilities. The amounts owing are unsecured, non-interest bearing, and due on demand. (d) During the three months ended June 30, 2018, the Company incurred $65,000 (2017 – $60,000) in consulting fees to PGG, a company controlled by a shareholder of the Company who has a significant influence on the Company’s operations. (e) During the three months ended June 30, 2018, the Company incurred $60,000 (2017 – $20,000) in consulting fees to a company controlled by a director of the Company. (f) During the three months ended June 30, 2018, the Company incurred $3,750 (2017 – $3,837) in consulting fees to a company controlled by a director of the Company.

Common Stock

Common Stock	3 Months Ended
	Jun. 30, 2018
Common Stock [Abstract]
Common Stock	9. Common Stock (a) On April 28, 2018, the Company issued 206,675 shares of common stock relating to a non-brokered private placement at a price of $1.00 per share for proceeds of $206,675, which was recorded as common stock issuable as at March 31, 2018. (b) On May 28, 2018, the Company entered into securities purchase agreements (“SPA’s”) with seven investors. The SPA’s include subscription agreements for 1,957,333 shares of common stock and 1,957,333 share purchase warrants exercisable at a price of $2.50 per share expiring on July 1, 2020 for proceeds of $2,936,000. Upon the Company meeting a specified sales target by December 31, 2018, the investors must complete conditional subscriptions of an additional 1,342,665 shares of common stock and 1,342,665 share purchase warrants exercisable at a price of $2.50 per share expiring on July 1, 2020 at $1.50 per unit on or before January 10, 2019. If the Company fails to achieve the specified sales target, then the investors have the option to complete the conditional subscription agreements for the purchase of an additional 1,853,998 shares of common stock and 1,853,998 share purchase warrants exercisable at $2.00 per share expiring on July 1, 2020 for $1.00 per unit on or before January 15, 2019. (c) On June 12, 2018, the Company issued 287,500 shares of common stock with a fair value of $517,500 to three consultants, in lieu of a cash payment, for six months of consulting services. As at June 30, 2018, $328,033 of the value of the shares remains in prepaid expenses to be recognized over the remaining term of service.

Share Purchase Warrants

Share Purchase Warrants	3 Months Ended
	Jun. 30, 2018
Share Purchase Warrants [Abstract]
Share Purchase Warrants	10. Share Purchase Warrants Number of Weighted Balance, March 31, 2018 1,500,000 1.00 Issued 1,957,333 2.50 Balance, June 30, 2018 3,457,333 1.85 As at June 30, 2018, the following share purchase warrants were outstanding: Number of Exercise Expiry date 500,000 1.00 November 23, 2018 1,000,000 1.00 November 23, 2019 1,957,333 2.50 July 1, 2020 3,457,333

Stock Options

Stock Options	3 Months Ended
	Jun. 30, 2018
Stock Options [Abstract]
Stock Options	11. Stock Options The following table summarizes the continuity of stock options issued and outstanding: Number of Weighted Weighted Aggregate Balance, March 31, 2018 537,500 0.01 0.7 478,375 Balance, June 30, 2018 537,500 0.01 0.4 935,250 Additional information regarding stock options outstanding as at June 30, 2018 is as follows: Outstanding and exercisable Range of Number of shares Weighted Weighted 0.01 537,500 0.4 0.01

Segmented Information

Segmented Information	3 Months Ended
	Jun. 30, 2018
Segmented Information [Abstract]
Segmented Information	12. Segmented Information The Company is located and operates in the United States and its subsidiaries are primarily located and operating in the United Kingdom and China. June 30, 2018 United Europe Total Lease receivable – 1,995,000 1,995,000 Property and equipment 13,444 – 13,444 Intangible assets 10,403,115 – 10,403,115 Total non-current assets 10,416,559 1,995,000 12,441,559

Commitments

Commitments	3 Months Ended
	Jun. 30, 2018
Commitments [Abstract]
Commitments	13. Commitments (a) On November 17, 2015, PGTC entered into a commercial joint venture agreement (the “Agreement”) with a non-related party (the “Supplier”) wherein the Supplier would receive and process orders, manufacture, and install products for the Company’s customers. In return, the Company agreed to design the product and provide a technology license and technical support (the “Technology”) to the Supplier. During the term of the Agreement, the Company will provide the Supplier with a non-transferrable right and license to use the Technology to manufacture and install the product within the Peoples’ Republic of China. Upon receiving each order from the Company, the Supplier and the Company shall submit to each other the respective estimated budgets. For each project, after receipt of the revenue from the relevant customer, the expenses of the Company and the Supplier shall be deducted and reimbursed from the revenue proportionally. The parties have agreed to share the gross profits at an even split of 50% each. (b) On August 4, 2016, the Company entered into a three year lease agreement commencing November 15, 2016. The minimum lease payments over the remaining term of the lease are as follows: Fiscal Year $ 2019 61,229 2020 39,339 100,568 (c) On January 1, 2017, PGTC entered into a one year tooling development agreement with a non-related party to begin tooling for pending projects in advance of orders to facilitate shorter delivery times. Pursuant to the agreement, PGTC will pay $160,198 (RMB1,050,000), on the one year anniversary of the acceptance of the system. (d) On January 1, 2017, PGTC entered into a nine month sales and marketing agreement with a non-related party to conduct sales and marketing services for the scrubber system in China. Pursuant to the agreement, PGTC will pay $160,198 (RMB1,050,000), on the nine month anniversary of the acceptance of the system. (e) On July 14, 2017, the Company entered into a new memorandum of understanding to establish a new joint venture company in China with a non-related party (the “Supplier”) wherein the Supplier would receive and process orders, manufacture, and install products for the Company’s customers. In return, the Company agreed to design the product, provide strategic pricing, sales and marketing direction, as well as provide technology licenses and technical support (the “Technology”) to the Supplier. During the term of the agreement, the Company will provide the Supplier with a non-transferrable right and license to use the Technology to manufacture and install the product within the Asia and Russia region.

Significant Accounting Polici19

Significant Accounting Policies (Policies)	3 Months Ended
	Jun. 30, 2018
Significant Accounting Policies [Abstract]
Basis of Presentation	(a) Basis of Presentation These consolidated financial statements and related notes are presented in accordance 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: Pacific Green Marine Technologies Ltd. (“PGMTL”) Wholly-owned subsidiary Pacific Green Technologies International Limited (“PGTIL”) PGT Technologies (Canada) Ltd (“PGT CAN”) Wholly-owned subsidiary Wholly-owned subsidiary Energy Park Sutton Bridge Ltd. (“EPSB”) Wholly-owned subsidiary of PGTIL Pacific Green Technologies Asia Limited (“PGTA”) Wholly-owned subsidiary of PGTIL Pacific Green Technologies China Limited (“PGTC”) Wholly-owned subsidiary of PGTA All inter-company balances and transactions have been eliminated.
Financial Instruments and Fair Value Measurements	(b) Financial Instruments and Fair Value Measurements ASC 820, “Fair Value Measurements and Disclosures” requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. ASC 820, “Fair Value Measurements and Disclosures” requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: Level 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, amounts receivable, lease receivable, amounts due from and to related parties, accounts payable and accrued liabilities, convertible debenture, and derivative liability. The recorded values of these financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. The following table represents assets and liabilities that are measured and recognized at fair value as of June 30, 2018, on a recurring basis: Level 1 Level 2 Level 3 Cash 2,307,735 – – Derivative liability – 220,652 – Total 2,307,735 220,652 – During the three months ended June 30, 2018, the Company recognized a loss on the change in fair value of derivative liability of $145,147 (2017 – $105,060).
Recent Accounting Pronouncements	(c) Recent Accounting Pronouncements In February 2016, the FASB issued new lease accounting guidance in ASU No. 2016-02, “ Leases The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated 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.

Significant Accounting Polici20

Significant Accounting Policies (Tables)	3 Months Ended
	Jun. 30, 2018
Significant Accounting Policies [Abstract]
Schedule of assets and liabilities that are measured and recognized at fair value	Level 1 Level 2 Level 3 Cash 2,307,735 – – Derivative liability – 220,652 – Total 2,307,735 220,652 –

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Jun. 30, 2018
Property and Equipment [Abstract]
Schedule of property and equipment	Cost Accumulated June 30, March 31, Furniture and equipment 4,155 1,454 2,701 2,908 Leasehold improvements 25,784 15,041 10,743 12,892 Total 29,939 16,495 13,444 15,800

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Jun. 30, 2018
Intangible Assets [Abstract]
Schedule of intangible assets	Cost Accumulated Impairment June 30, March 31, Patents and technical information 35,852,555 (4,992,185 ) (20,457,255 ) 10,403,115 10,622,068

Derivative Liability (Tables)

Derivative Liability (Tables)	3 Months Ended
	Jun. 30, 2018
Derivative Liability [Abstract]
Schedule of convertible debentures outstanding	As at Estimated common stock issuable upon conversion 163,322 Estimated exercise price per common share 0.40 Risk-free interest rate 1.0 % Expected volatility 106 % Expected life (in years) 0.25
Schedule of activity of derivative liability	$ Balance, March 31, 2018 75,505 Mark to market adjustment 145,147 Balance, June 30, 2018 220,652

Share Purchase Warrants (Tables

Share Purchase Warrants (Tables)	3 Months Ended
	Jun. 30, 2018
Share Purchase Warrants [Abstract]
Schedule of share purchase warrants	Number of Weighted Balance, March 31, 2018 1,500,000 1.00 Issued 1,957,333 2.50 Balance, June 30, 2018 3,457,333 1.85
Schedule of share purchase warrants outstanding	Number of Exercise Expiry date 500,000 1.00 November 23, 2018 1,000,000 1.00 November 23, 2019 1,957,333 2.50 July 1, 2020 3,457,333

Stock Options (Tables)

Stock Options (Tables)	3 Months Ended
	Jun. 30, 2018
Stock Options [Abstract]
Schedule of continuity of stock options	Number of Weighted Weighted Aggregate Balance, March 31, 2018 537,500 0.01 0.7 478,375 Balance, June 30, 2018 537,500 0.01 0.4 935,250
Schedule of additional information regarding stock options outstanding	Outstanding and exercisable Range of Number of shares Weighted Weighted 0.01 537,500 0.4 0.01

Segmented Information (Tables)

Segmented Information (Tables)	3 Months Ended
	Jun. 30, 2018
Segmented Information [Abstract]
Schedule of segment report information	June 30, 2018 United Europe Total Lease receivable – 1,995,000 1,995,000 Property and equipment 13,444 – 13,444 Intangible assets 10,403,115 – 10,403,115 Total non-current assets 10,416,559 1,995,000 12,441,559

Commitments (Tables)

Commitments (Tables)	3 Months Ended
	Jun. 30, 2018
Commitments [Abstract]
Schedule of minimum lease payments	Fiscal Year $ 2019 61,229 2020 39,339 100,568

Nature of Operations and Cont28

Nature of Operations and Continuance of Business (Details) - USD ($)	Jun. 30, 2018	Mar. 31, 2018
Nature of Operations and Continuance of Business (Textual)
Accumulated deficit	$ (68,613,070)	$ (67,764,051)

Significant Accounting Polici29

Significant Accounting Policies (Details) - Fair value, measurements, recurring [Member]	Jun. 30, 2018USD ($)
Level 1 [Member]
Schedule of assets and liabilities that are measured and recognized in fair value
Cash	$ 2,307,735
Derivative liability
Total	2,307,735
Level 2 [Member]
Schedule of assets and liabilities that are measured and recognized in fair value
Cash
Derivative liability	220,652
Total	220,652
Level 3 [Member]
Schedule of assets and liabilities that are measured and recognized in fair value
Cash
Derivative liability
Total

Significant Accounting Polici30

Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Significant Accounting Policies (Textual)
Loss on change in fair value of derivative liability	$ (145,147)	$ (105,060)

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Jun. 30, 2018	Mar. 31, 2018
Property, Plant and Equipment [Line Items]
Cost	$ 29,939
Accumulated amortization	16,495
Net carrying value	13,444	$ 15,800
Furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Cost	4,155
Accumulated amortization	1,454
Net carrying value	2,701	2,908
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Cost	25,784
Accumulated amortization	15,041
Net carrying value	$ 10,743	$ 12,892

Intangible Assets (Details)

Intangible Assets (Details) - Patents and technical information [Member] - USD ($)	3 Months Ended
	Jun. 30, 2018	Mar. 31, 2018
Schedule of intangible assets
Cost	$ 35,852,555
Accumulated amortization	(4,992,185)
Impairment	(20,457,255)
Net carrying value	$ 10,403,115	$ 10,622,068

Intangible Assets (Details Text

Intangible Assets (Details Textual)	1 Months Ended
	May 17, 2013USD ($)shares
Intangible Assets (Textual)
Obligations waived	$ 237,156
Estimated useful life	17 years
Enviro [Member]
Intangible Assets (Textual)
Number of shares repurchased | shares	88,876,443
PGG [Member]
Intangible Assets (Textual)
Obligations waived	$ 93,721

Convertible Debenture (Details)

Convertible Debenture (Details) - USD ($)	Oct. 04, 2017	Aug. 10, 2017	Nov. 10, 2015	Feb. 22, 2017	Jun. 30, 2018	Mar. 31, 2018
Convertible Debentures (Textual)
Convertible debenture					$ 30,000	$ 30,000
Intrinsic value of embedded beneficial conversion feature					110,000
Fair value of derivative liability					$ 220,652	$ 75,505
Convertible Debt [Member]
Convertible Debentures (Textual)
Convertible debenture	$ 40,000	$ 20,000	$ 110,000	$ 20,000
Exchange fees			100,000
Net legal fees			$ 10,000
Interest rate			10.00%
Convertible debenture, due date			Nov. 10, 2016
Convertible debenture, description			The terms of the debenture, the amount is unsecured, bears guaranteed interest at 10% and default interest at 20% per annum, and was due on November 10, 2016. The note is convertible into shares of common stock of the Company equal to the lower of: (a) $0.40 or (b) 60% of the lowest trading price of the Company's common stock during the 20 consecutive trading days prior to the date of conversion. In the event of a default, the discount shall be permanently increased by 10%.
Common stock issued for conversion, shares	320,000	100,000		50,000

Derivative Liability (Details)

Derivative Liability (Details)	3 Months Ended
	Jun. 30, 2018$ / sharesshares
Schedule of convertible debentures outstanding
Estimated common stock issuable upon conversion | shares	163,322
Estimated exercise price per common share | $ / shares	$ 0.40
Risk-free interest rate	1.00%
Expected volatility	106.00%
Expected life (in years)	2 months 30 days

Derivative Liability (Details 1

Derivative Liability (Details 1)	3 Months Ended
	Jun. 30, 2018USD ($)
Schedule of derivative liability
Beginning Balance	$ 75,505
Mark to market adjustment	145,147
Ending Balance	$ 220,652

Derivative Liability (Details T

Derivative Liability (Details Textual) - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Mar. 31, 2018
Derivative Liability (Textual)
Loss on change in fair value of derivative liability	$ (145,147)	$ (105,060)
Derivative liability	$ 220,652		$ 75,505

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Mar. 31, 2018
Related Party Transactions (Textual)
Consulting fees	$ 357,084	$ 101,803
Directors [Member]
Related Party Transactions (Textual)
Related party transaction, amounts	67,905		$ 64,195
Accounts payable and accrued liabilities	7,918		4,208
Consulting fees	60,000	20,000
Shareholder [Member]
Related Party Transactions (Textual)
Related party transaction, amounts	25,101		25,101
PGG [Member]
Related Party Transactions (Textual)
Related party transaction, amounts	19,737		198,175
Accounts payable and accrued liabilities			$ 28,618
Consulting fees	65,000	60,000
Director One [Member]
Related Party Transactions (Textual)
Consulting fees	$ 3,750	$ 3,837

Common Stock (Details)

Common Stock (Details) - USD ($)	Jun. 12, 2018	May 28, 2018	Apr. 28, 2018	Jun. 30, 2018	Jun. 30, 2017
Common Stock (Textual)
Proceeds from issuance of common stock				$ 2,936,000	$ 1,170,000
Consultants [Member]
Common Stock (Textual)
Shares of common stock	287,500
Proceeds from issuance of common stock	$ 517,500			$ 328,033
Securities Purchase Agreements [Member] | Investor [Member]
Common Stock (Textual)
Shares of common stock		1,957,333
Proceeds from issuance of common stock		$ 2,936,000
Purchase warrants exercisable		1,957,333
Warrants exercisable price		$ 2.50
Warrants expiring date		Jul. 1, 2020
Conditional subscription agreements, description		Upon the Company meeting a specified sales target by December 31, 2018, the investors must complete conditional subscriptions of an additional 1,342,665 shares of common stock and 1,342,665 share purchase warrants exercisable at a price of $2.50 per share expiring on July 1, 2020 at $1.50 per unit on or before January 10, 2019. If the Company fails to achieve the specified sales target, then the investors have the option to complete the conditional subscription agreements for the purchase of an additional 1,853,998 shares of common stock and 1,853,998 share purchase warrants exercisable at $2.00 per share expiring on July 1, 2020 for $1.00 per unit on or before January 15, 2019.
Non-brokered private placement [Member]
Common Stock (Textual)
Shares of common stock			206,675
Common stock, price per share			$ 1
Proceeds from issuance of common stock			$ 206,675

Share Purchase Warrants (Detail

Share Purchase Warrants (Details)	3 Months Ended
	Jun. 30, 2018$ / sharesshares
Share Purchase Warrants [Abstract]
Number of warrants, Balance | shares	1,500,000
Number of warrants, Issued | shares	1,957,333
Number of warrants, Balance | shares	3,457,333
Weighted average exercise price, Balance | $ / shares	$ 1
Weighted average exercise price, Issued | $ / shares	2.50
Weighted average exercise price. Balance | $ / shares	$ 1.85

Share Purchase Warrants (Deta41

Share Purchase Warrants (Details 1)	3 Months Ended
	Jun. 30, 2018$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of warrants outstanding	3,457,333
Exercise price 1.00 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of warrants outstanding	500,000
Exercise price | $ / shares	$ 1
Expiry date	Nov. 23, 2018
Exercise price 1.50 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of warrants outstanding	1,000,000
Exercise price | $ / shares	$ 1
Expiry date	Nov. 23, 2019
Exercise price 2.50 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of warrants outstanding	1,957,333
Exercise price | $ / shares	$ 2.50
Expiry date	Jul. 21, 2020

Stock Options (Details)

Stock Options (Details)	3 Months Ended
	Jun. 30, 2018USD ($)$ / sharesshares
Stock Options [Abstract]
Number of options, Beginning balance | shares	537,500
Number of options, Ending balance | shares	537,500
Weighted average exercise price, Beginning balance | $ / shares	$ 0.01
Weighted average exercise price, Ending balance | $ / shares	$ 0.01
Weighted average remaining contractual life (years), Beginning, balance	8 months 12 days
Weighted average remaining contractual life (years), Ending, balance	4 months 24 days
Aggregate intrinsic value, Beginning, balance | $	$ 478,375
Aggregate intrinsic value, Ending, balance | $	$ 935,250

Stock Options (Details 1)

Stock Options (Details 1)	3 Months Ended
	Jun. 30, 2018$ / sharesshares
Stock Options [Abstract]
Outstanding and exercisable, Range of exercise prices	$ 0.01
Outstanding and exercisable, Number of shares | shares	537,500
Outstanding and exercisable, Weighted average remaining contractual life (years)	4 months 24 days
Outstanding and exercisable, Weighted average exercise price	$ 0.01

Segmented Information (Details)

Segmented Information (Details) - USD ($)	Jun. 30, 2018	Mar. 31, 2018
Segment Reporting Information [Line Items]
Lease receivable	$ 1,995,000	$ 1,995,000
Property and equipment	13,444	15,800
Intangible assets	10,403,115	$ 10,622,068
Total non-current assets	12,441,559
United States [Member]
Segment Reporting Information [Line Items]
Lease receivable
Property and equipment	13,444
Intangible assets	10,403,115
Total non-current assets	10,416,559
Europe [Member]
Segment Reporting Information [Line Items]
Lease receivable	1,995,000
Property and equipment
Intangible assets
Total non-current assets	$ 1,995,000

Commitments (Details)

Commitments (Details)	Jun. 30, 2018USD ($)
Commitments [Abstract]
2,019	$ 61,229
2,020	39,339
Total	$ 100,568

Commitments (Details Textual)

Commitments (Details Textual)	Jan. 01, 2017USD ($)	Jan. 01, 2017CNY (¥)	Nov. 17, 2015
Commitments (Textual)
Split, description			The parties have agreed to share the gross profits at an even split of 50% each.
PGTC [Member]
Commitments (Textual)
Payments of agreement amount	$ 160,198	¥ 1,050,000
PGTC One [Member]
Commitments (Textual)
Payments of agreement amount	$ 160,198	¥ 1,050,000