UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
10-Q
(Mark
One)
[X] |
QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For
the quarterly period ended September 30, 2014
or
[ ] |
TRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For
the transition period from ____________ to ____________
Commission
file number: 000-54395
GREEN
ENVIROTECH HOLDINGS CORP.
(Exact
name of registrant as specified in its charter)
DELAWARE |
|
32-0218005 |
(State
or other jurisdiction of
incorporation
or organization) |
|
(I.R.S.
Employer
Identification
No.) |
|
|
|
14699
Holman Mtn, Jamestown, CA 95327 |
|
95361 |
(Address
of principal executive offices) |
|
(Zip
Code) |
(209)
848-4384
(Registrant’s
telephone number, including area code)
210
S. Sierra Ave Suite A, Oakdale, CA 14699
(Former
name, former address and former fiscal year, if changed since last report)
Indicate
by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days. Yes [ ] No [X]
Indicate
by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the
preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [ ]
No [X]
Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act.
Large
accelerated filer [ ] |
Accelerated
filer [ ] |
Non-accelerated
filer [ ] |
Smaller
reporting company [X] |
(Do
not check if smaller reporting company) |
|
Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes [ ] No [X]
Indicated
the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date; 23,226,757
shares of common stock are issued and outstanding as of February 17, 2016.
TABLE
OF CONTENTS
CAUTIONARY
STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Statements
in this quarterly report on Form 10-Q may be “forward-looking statements.” Forward-looking statements include, but
are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements
relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates
and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results
may, and are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous
factors, including those described above and those risks discussed from time to time in this quarterly report on Form 10-Q, including
the risks described under “Management’s Discussion and Analysis of Financial Condition and Results of Operations”
in this quarterly report on Form 10-Q and in other documents which we file with the Securities and Exchange Commission. In addition,
such statements could be affected by risks and uncertainties related to our ability to raise any financing which we may require
for our operations, competition, government regulations and requirements, pricing and development difficulties, our ability to
make acquisitions and successfully integrate those acquisitions with our business, as well as general industry and market conditions
and growth rates, and general economic conditions. Any forward-looking statements speak only as of the date on which they are
made, and, except as may be required under applicable securities laws, we do not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of this quarterly report on Form 10-Q.
PART
1. - FINANCIAL INFORMATION
Item
1. Financial Statements.
GREEN
ENVIROTECH HOLDINGS CORP.
CONSOLIDATED
BALANCE SHEETS
(UNAUDITED)
| |
September 30, 2014 | | |
December 31, 2013 | |
ASSETS | |
| | | |
| | |
| |
| | | |
| | |
CURRENT ASSETS | |
| | | |
| | |
Cash | |
$ | 6,626 | | |
$ | 185 | |
Other current assets | |
| 6,664 | | |
| 10,119 | |
Total current assets | |
| 13,290 | | |
| 10,304 | |
| |
| | | |
| | |
Other Assets: | |
| | | |
| | |
Engineering costs | |
| - | | |
| 30,833 | |
| |
| - | | |
| 30,833 | |
| |
| | | |
| | |
TOTAL ASSETS | |
$ | 13,290 | | |
$ | 41,137 | |
| |
| | | |
| | |
LIABILITIES AND STOCKHOLDERS’ DEFICIT | |
| | | |
| | |
| |
| | | |
| | |
CURRENT LIABILITIES | |
| | | |
| | |
Accounts payable | |
$ | 629,396 | | |
$ | 686,538 | |
Accounts payable- related party | |
| 7,417 | | |
| - | |
Accrued expenses | |
| 2,897,923 | | |
| 3,119,084 | |
Secured debentures payable | |
| 395,000 | | |
| 305,000 | |
Loan payable | |
| 796,622 | | |
| 1,115,572 | |
Loan payable - related party | |
| - | | |
| 12,287 | |
Total current liabilities | |
| 4,726,358 | | |
| 5,238,481 | |
| |
| | | |
| | |
TOTAL LIABILITIES | |
| 4,726,358 | | |
| 5,238,481 | |
| |
| | | |
| | |
STOCKHOLDERS’ DEFICIT | |
| | | |
| | |
Preferred stock, $0.001 par value, 25,000,000 shares authorized, 0 shares issued and outstanding as of September 30, 2014 and December 31, 2013 | |
| - | | |
| - | |
Common stock, $0.001 par value, 250,000,000 shares authorized, 12,089,682 and 5,904,688 shares issued and outstanding as of September 30, 2014 and December 31, 2013, respectively | |
| 12,090 | | |
| 5,905 | |
Additional paid in capital | |
| 14,376,112 | | |
| 11,009,932 | |
Accumulated deficit | |
| (19,101,270 | ) | |
| (16,213,181 | ) |
Total stockholders’ deficit | |
| (4,713,068 | ) | |
| (5,197,344 | ) |
| |
| | | |
| | |
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | |
$ | 13,290 | | |
$ | 41,137 | |
The
accompanying notes are an integral part of these unaudited consolidated financial statements.
GREEN
ENVIROTECH HOLDINGS CORP.
CONSOLIDATED
STATEMENTS OF OPERATIONS
(UNAUDITED)
| |
NINE MONTHS ENDED | | |
NINE MONTHS ENDED | | |
THREE MONTHS ENDED | | |
THREE MONTHS ENDED | |
| |
SEPTEMBER
30, 2014 | | |
SEPTEMBER
30, 2013 | | |
SEPTEMBER
30, 2014 | | |
SEPTEMBER
30, 2013 | |
| |
| | | |
| | | |
| | | |
| | |
OPERATING EXPENSES | |
| | | |
| | | |
| | | |
| | |
Wages and
professional fees | |
$ | 1,105,405 | | |
| 2,342,973 | | |
$ | 252,048 | | |
| 954,364 | |
General
and administrative | |
| 866,105 | | |
| 202,345 | | |
| 433,729 | | |
| 69,187 | |
Total
operating expenses | |
| 1,971,510 | | |
| 2,545,318 | | |
| 685,777 | | |
| 1,023,551 | |
| |
| | | |
| | | |
| | | |
| | |
NON-OPERATING EXPENSES | |
| | | |
| | | |
| | | |
| | |
Amortization expense-discounted value
of notes | |
| - | | |
| 64,286 | | |
| - | | |
| 32,145 | |
Impairment expense | |
| 33,333 | | |
| - | | |
| 33,333 | | |
| - | |
Interest expense | |
| 82,352 | | |
| 91,270 | | |
| 27,861 | | |
| 34,722 | |
Loss on settlement
of payable | |
| 25,706 | | |
| - | | |
| 25,706 | | |
| - | |
(Gain)
Loss on debt conversion | |
| 775,188 | | |
| 2,139,064 | | |
| (66,727 | ) | |
| 419,064 | |
Total
non-operating expenses | |
| 916,579 | | |
| 2,294,620 | | |
| 20,173 | | |
| 485,931 | |
| |
| | | |
| | | |
| | | |
| | |
NET LOSS | |
$ | (2,888,089 | ) | |
$ | (4,839,938 | ) | |
$ | (705,950 | ) | |
$ | (1,509,482 | ) |
| |
| | | |
| | | |
| | | |
| | |
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING-BASIC AND DILUTED | |
| 9,699,431 | | |
| 3,418,881 | | |
| 11,867,908 | | |
| 4,555,008 | |
| |
| | | |
| | | |
| | | |
| | |
NET LOSS PER
COMMON SHARE - BASIC AND DILUTED | |
$ | (0.30 | ) | |
$ | (1.42 | ) | |
$ | (0.06 | ) | |
$ | (0.33 | ) |
The
accompanying notes are an integral part of these unaudited consolidated financial statements.
GREEN
ENVIROTECH HOLDINGS CORP.
STATEMENTS
OF CASH FLOW
(UNAUDITED)
| |
NINE MONTHS ENDED | | |
NINE MONTHS ENDED | |
| |
SEPTEMBER 30, 2014 | | |
SEPTEMBER 30, 2013 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | |
| | | |
| | |
Net loss | |
$ | (2,888,089 | ) | |
$ | (4,839,938 | ) |
| |
| | | |
| | |
Adjustments to reconcile net loss to net cash used in operating activities: | |
| | | |
| | |
Common stock issued for services | |
| 258,645 | | |
| 1,093,150 | |
Common stock issued for services, related party | |
| 525,213 | | |
| 63,460 | |
Loss on debt conversion | |
| 775,188 | | |
| 2,139,064 | |
Loss on settlement of accounts payable & accrued salaries | |
| 113,000 | | |
| 89,800 | |
Consulting services as an increase in notes payable | |
| 45,000 | | |
| - | |
Amortization of debt discount | |
| - | | |
| 64,286 | |
Impairment expense | |
| 33,333 | | |
| - | |
| |
| | | |
| | |
Change in assets and liabilities | |
| | | |
| | |
Other current assets | |
| 955 | | |
| (5,335 | ) |
Accounts payable- related party | |
| 7,417 | | |
| (2,413 | ) |
Accounts payable and accrued expenses | |
| 898,929 | | |
| 1,024,534 | |
Net cash used in operating activities | |
| (230,409 | ) | |
| (373,392 | ) |
| |
| | | |
| | |
CASH FLOWS FROM INVESTING ACTIVITIES: | |
| | | |
| | |
Expenditures related to construction of building | |
| - | | |
| (15,372 | ) |
Expenditures related to joint venture with Petrosonics | |
| | | |
| (43,000 | ) |
Net cash used in investing activities | |
| - | | |
| (58,372 | ) |
| |
| | | |
| | |
CASH FLOWS FROM FINANCING ACTIVITIES: | |
| | | |
| | |
Issuance of stock for cash | |
| - | | |
| 63,000 | |
Payments on loan payable - related party | |
| - | | |
| (12,700 | ) |
Proceeds received from loan payable - other | |
| 236,850 | | |
| 384,900 | |
Net cash provided by financing activities | |
| 236,850 | | |
| 435,200 | |
| |
| | | |
| | |
NET INCREASE IN CASH AND CASH EQUIVALENTS | |
| 6,441 | | |
| 3,436 | |
| |
| | | |
| | |
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD | |
| 185 | | |
| 1,986 | |
| |
| | | |
| | |
CASH AND CASH EQUIVALENTS - END OF PERIOD | |
$ | 6,626 | | |
$ | 5,422 | |
| |
| | | |
| | |
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES | |
| | | |
| | |
Common stock issued for subscriptions receivable | |
| - | | |
| - | |
SUPPLEMENTAL CASH FLOW INFORMATION: | |
| | | |
| | |
Cash paid during the period for: | |
| | | |
| | |
Interest | |
$ | - | | |
$ | - | |
Income taxes | |
$ | - | | |
$ | - | |
| |
| | | |
| | |
NON-CASH SUPPLEMENTAL INFORMATION: | |
| | | |
| | |
Shares issued for accrued salary | |
$ | - | | |
$ | 80,700 | |
Shares issued for related party liabilities | |
$ | 821,108 | | |
$ | - | |
Debt discount | |
$ | - | | |
$ | 64,286 | |
Conversion of loans and accrued interest payable for common stock | |
$ | 537,254 | | |
$ | 801,574 | |
Shares issued for accounts payable and accruals | |
$ | 326,957 | | |
$ | 27,700 | |
Accounts payable assigned to note | |
$ | 23,000 | | |
$ | - | |
Accounts payable and debt issued for investment in Petronsonics JV | |
$ | - | | |
$ | 225,000 | |
Warrants exercised for accrued salary | |
$ | 15,000 | | |
$ | - | |
The
accompanying notes are an integral part of these unaudited consolidated financial statements.
GREEN
ENVIROTECH HOLDINGS CORP.
NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
Note
1 Basis of Presentation and Accounting Policies:
The
consolidated financial statements include the accounts of the Company and its interest in a joint venture which had no operations
for the year. Intercompany balances and transactions have been eliminated for this joint venture.
On
June 9, 2014, the Company formed two Limited Liability Companies in Texas for the purpose of finding a plant location in Texas.
As of June 30, 2014, there was no activity in either of the two LLCs. These two Limited Liability Companies will be dissolved
unless a suitable location is found. The CEO and Director of the Company have ownership to 99% of another Limited Liability Company
that has received funds from H.E. Capital on behalf of the Company to pay the bills of the Company. All of the funds and expenses
of and for the Company have gone into one account used for the benefit of the Company.
The
Financial Statements presented herein have been prepared by us in accordance with the accounting policies described in our December
31, 2013 and 2012 audited financial statements included in Form 10-K and should be read in conjunction with the Notes to Financial
Statements which appear in that report.
The
preparation of these financial statements in conformity with accounting principles generally accepted in the United States requires
us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related
disclosure of contingent assets and liabilities. On an on going basis, we evaluate our estimates, including those related intangible
assets, income taxes, insurance obligations and contingencies and litigation. We base our estimates on historical experience and
on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for
making judgments about the carrying values of assets and liabilities that are not readily apparent from other resources. Actual
results may differ from these estimates under different assumptions or conditions.
In
the opinion of management, the information furnished in these interim financial statements reflect all adjustments necessary for
a fair statement of the financial position and results of operations and cash flows as of and for the nine-months period ended
September 30, 2014 and 2013. All such adjustments are of a normal recurring nature. The results of operations for the interim
period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which
would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period,
as reported in the Form 10-K, have been omitted.
In
the second quarter of 2014, the Company elected to early adopt Accounting Standards Update No. 2014-10, Development Stage Entities
(Topic 915): Elimination of Certain Financial Reporting Requirements. The adoption of this ASU allows the Company to remove the
inception to date information and all references to development stage.”
During
the fourth quarter 2014, the Company was faced with satisfying a disputed obligation with one of its vendors by issuing 150,000
free trading shares of the Company. The debt had not matured for the amount of time required for the obligation to receive free
trading shares. In order to satisfy the debt, the Company entered into an agreement with H. E. Capital, S.A. to convert $30,000
of its Line of Credit Note with the Company into 150,000 free trading shares of the Company. H. E. Capital S.A. converted the
required portion of its debt from the Company into the shares needed and issued 25,000 free trading shares in December 2014 and
the balance of 125,000 free trading shares in February 2015. The Company accrued the $30,000 liability on its books until it was
totally satisfied in February 2015.
GREEN
ENVIROTECH HOLDINGS CORP.
NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
Principles
of consolidation – The consolidated financial statements include the accounts of and its controlled subsidiaries. Equity
investments in which we exercise significant influence, but do not control and are not the primary beneficiary, are accounted
for using the equity method of accounting. Investments in which we do not exercise significant influence over the investee are
accounted for using the cost method of accounting. Intercompany transactions are eliminated.
Note
2 Going Concern
These
financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets
and discharge its liabilities in the normal course of business for the foreseeable future. For the nine months ended September
30, 2014, the Company had a net loss of $2,888,089. The Company also has a working capital deficit of $4,713,068 and has accumulated
deficit of $19,101,270. Further losses are anticipated in the development of its business raising substantial doubt about the
Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company
generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its
liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the
next twelve months with loans and/or private placement of common stock. These financial statements do not include any adjustments
relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that
might result from this uncertainty.
Note
3 Loan Payable – Related Party
The
Company has an unsecured, loan payable in the form of a line of credit with its CEO. The CEO had provided a line of credit up
to $1,000,000 at 4% interest per annum to the Company to cover various expenses and working capital infusions. This loan was extended
to December 31, 2014. This loan is no longer in effect. On April 16, 2014, the balance of this loan in the amount of $12,287 and
its accrued interest in the amount of $30,584, and $778,237 in accrued salary were satisfied in full when the Company issued 821,108
shares of restricted common stock to its CEO at a $1.00 per share when the stock was selling at $0.26 per share. The Company elected
to include the gain of $607,620 from the conversion into the equity section as additional paid in capital.
Note
4 Loan Payable – Other
The
Company has unsecured loans with H. E. Capital, S. A. in various amounts. These loans accrue interest at the rate of 8% per annum.
The due dates of the loans have been extended to December 31, 2016. Balance of the loans at September 30, 2014 was $469,122 with
accrued interest in the amount of $78,112. The Company also has an agreement with H.E. Capital wherein the Company pays $5,000
monthly for financial services. As of September 30, 2014, $45,000 was due under these terms. A schedule of the H. E. Capital loan
activity with the Company for 2014 is as follows:
GREEN
ENVIROTECH HOLDINGS CORP.
NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
| |
September 30, 2014 | | |
December 31, 2013 | |
| |
| | |
| |
H. E. Capital S.A. transactions for 2014 | |
| | | |
| | |
Beginning Balance | |
$ | 616,772 | | |
$ | 663,250 | |
Proceeds | |
| 146,850 | | |
| 317,000 | |
Consulting services as an increase in note payable | |
| 45,000 | | |
| 60,000 | |
Accounts Payable assigned to note | |
| 23,000 | | |
| 182,342 | |
Joint Venture Investment paid direct | |
| - | | |
| 165,000 | |
Company liabilities paid direct | |
| - | | |
| 5,930 | |
Allocation Green Power Energy | |
| - | | |
| (100,000 | ) |
Assignments | |
| (95,000 | ) | |
| - | |
Non-cash conversions | |
| (267,500 | ) | |
| (676,750 | ) |
| |
| | | |
| | |
Ending Balance | |
$ | 469,122 | | |
$ | 616,772 | |
The
Company issued a promissory note in the amount of $150,000 at 8% on March 19, 2013 to a private investor. This note was extended
to December 31, 2014. Currently the extension is being negotiated until December 31, 2016. The Company used the proceeds from
this note for working capital. As of September 30, 2014 this loan has an outstanding balance of $150,000 and accrued interest
in the amount of $15,575.
On
January 24, 2011, the Company entered into a series of securities purchase agreements with accredited investors pursuant to which
the Company sold an aggregate of $380,000 in 12% secured debentures. The Debentures are secured by the assets of the Company pursuant
to security agreements entered into between the Company and the investors. As of September 30, 2014 these secured debentures have
an outstanding balance of $305,000 and accrued interest in the amount of $153,548. These debentures are in default and the Company
is in negotiations with the holders for extensions.
The
Company entered into two new note agreements with a third party during the second quarter secured by the assets of the Company
and common stock of the Company. Both notes are for one year at 8% interest. The first note was issued on May 5, 2014 for $50,000
and the second note was issued on June 2, 2014 for $40,000. Of these amounts, $23,000 was paid directly to vendors for expenses
and recorded as note payable. These notes are collateralized by assets of the Company and can be repaid by common stock of the
Company when presented for payment. The Company used the proceeds from these notes for working capital.
The
Company also has two other notes outstanding in the amounts of $7,500 and$170,000 respectively. The first note was created on
February 10, 2010 in the original amount of $20,000 and the other note was created on November 16, 2012. There was also a $20,000
note for working capital originated on March 26, 2014 and converted into 80,000 shares of the Company’s stock on August
19, 2014 for full satisfaction of the note. The total in loans payable as of September 30, 2014 was $1,191,622 and accrued interest
was $280,113.
GREEN
ENVIROTECH HOLDINGS CORP.
NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
Note
5 Equity
Common
Stock
Common
shares issued for services
During
the first quarter of 2014, the Company issued 520,000 common shares for services valued at $199,945.
On
July 2, 2014, the Company issue restricted shares of common stock as follows
|
● |
Three
consultants were issued 5,000 restricted common shares each valued at $1,900 for total of 15,000 common shares and stock compensation
of $5,700. |
|
|
|
|
● |
100,000
shares of restricted common stock of the Company in accordance with the Addendum 1 signed and in effect on February 1, 2014
with Coast Northwest Management LLC (Coast) wherein the addendum is part of the consulting agreement signed and dated August
26, 2013 with Coast. The addendum provides for Coast to secure three agreements, (such as memorandums of understanding, letters
of intent, licensing agreements, operating agreements, etc) on behalf of the Company. In exchange Coast is to receive 100,000
shares of restricted common stock of the Company. These shares were valued at $38,000. |
|
|
|
|
● |
On
August 7, 2014, the Company issued restricted shares of common stock as follows: |
|
|
|
|
● |
Two
consultants were issued 25,000 restricted common shares each. These shares were value at $15,000. |
Common
shares issued for services – related party
In
the first two quarters of 2014, the Company also issued 575,000 to directors and employees for services valued at $224,698.
On
July 2, 2014, the Company issue restricted shares of common stock as follows
|
● |
Gary
M. De Laurentiis, CEO, was issued 250,000 restricted common shares valued at $95,000. |
|
|
|
|
● |
One
employee was issued 25,000 restricted common shares valued at $9,500. |
|
|
|
|
● |
Lou
Perches, COO, was issued 100,000 restricted common shares valued at $38,000. |
|
|
|
|
● |
One
employee was issued 5,000 restricted common shares valued at $1,900. |
|
|
|
|
● |
Another
employee was issued 50,000 restricted common shares valued at $19,000. |
|
|
|
|
|
On
August 7, 2014, the Company issued restricted shares of common stock as follows: |
|
|
|
|
● |
Gary
M. De Laurentiis, CEO, was issued 200,000 restricted common shares valued at $60,000. |
|
|
|
|
● |
Lou
Perches, COO, was issued 100,000 restricted common shares valued at $30,000. |
GREEN
ENVIROTECH HOLDINGS CORP.
NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
Common
shares issued for related party debt
On
April 16, 2014, the balance of a loan in the amount of $12,287 and its accrued interest in the amount of $30,584, and $778,237
in accrued salary were satisfied in full when the Company issued 821,108 shares of restricted common stock to its CEO.
Conversion
of accounts payable and accruals to common shares
On
February 19, 2014, the Company also issued 34,312 common shares for the settlement of accounts payable of $21,864.
In
April 2014, the Company issued 700,000 common shares to settle $175,000 in accounts payable.
On
July 2, 2014, the Company issued restricted shares of common stock as follows
|
● |
a
vendor received 40,500 restricted common shares to satisfy $20,250 in accounts payable. |
|
|
|
|
● |
in
accordance with the consulting agreement signed with Black Pearl Management, Inc. (Black Pearl) on January 3, 2014, wherein
Black Pearl will provide on an ongoing basis corporate structuring, financial evaluation and procurement of funding for multiple
domestic and international sites by identifying joint venture partners and investors and assisting with negotiations on behalf
of the Company, the Company issued 300,000 restricted common shares to Black Pearl by converting $75,000 of Black Pearl consulting
fees at $0.25 per share. The agreement provides for Black Pearl to receive consulting fees in the amount of $25,000 a month
commencing on January 3, 2014 until February 3, 2017. |
|
|
|
|
|
On
August 7, 2014, the Company issued restricted shares of common stock as follows: |
|
|
|
|
● |
a
vendor received 100,000 restricted common shares to satisfy $12,675 in accounts payable. |
|
|
|
|
● |
a
consultant was issued 35,058 common shares to satisfy and complete a consulting agreement for $22,168. |
Loss
on the accounts payable conversion and services was $113,000.
Conversion
of notes payable to common shares
During
the first quarter, the Company issued 2,149,016 common shares for the conversion of $537,254 in notes payable.
A
loss on the settlement of notes payable $775,188 was recorded.
Exercise
of warrants
In
February 2014, 15,000 warrants were issued at an exercise price of $1 per share for the settlement of $15,000 in payables to the
warrant holder.
Note
6 Subsequent Events:
During
the fourth quarter 2014, the Company issued 100,000 common shares for services. The Company also issued 600,000 common shares
to directors and employees for services. The Company issued 613,750 common shares to settle some of its accounts payable. The
Company issued 4,150,000 common shares for the conversion of a portion of its notes payable. The Company also issued 650,000 five
year warrants for professional services exercisable at $0.10 per share and vesting 130,000 shares per month starting on the issuance
date of October 10, 2014 and on the 10th of the month for the next four months until fully vested. The promissory note
owed by the Company in the amount of $170,000 was extended from 11/15/14 to 11/15/15. H.E. Capital extended the maturity date
of the promissory note made between the Company and H.E. Capital on 12/3/10 from 12/31/2014 to 12/31/15. On 10/15/14, the Company
accepted the resignation of Lou Perches as a director of the board and as the COO at his request.
GREEN
ENVIROTECH HOLDINGS CORP.
NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
During
the fourth quarter 2014, the Company was faced with satisfying a disputed obligation with one of its vendors by issuing 150,000
free trading shares of the Company. The debt had not matured for the amount of time required for the obligation to receive free
trading shares. In order to satisfy the debt, the Company entered into an agreement with H. E. Capital, S.A. to convert $30,000
of its Line of Credit Note with the Company into 150,000 free trading shares of the Company. H. E. Capital S.A. converted the
required portion of its debt from the Company into the shares needed and issued 25,000 free trading shares in December 2014 and
the balance of 125,000 free trading shares in February 2015. The Company was contingently liable for the vendor debt on December
31, 2014 and until it was totally satisfied in February 2015.
On
January 30, 2015, the Company entered into a license agreement with Cenco Leasing Company, Inc. (Cenco) wherein the Company has
given exclusive license rights to Cenco for the states of California, Oklahoma, Kansas, Arkansas, Nebraska, Missouri, Colorado,
North Dakota, South Dakota, Iowa, New Mexico, Nevada, Utah and the entire country of Mexico. The agreement gives exclusive rights
to Cenco to utilize certain technology of the Company to design, construct, own and operate pyrolysis and refining plants in the
above defined territories. The agreement calls for Cenco over certain periods of time as detailed in the agreement to construct
plants in these territories. The agreement also calls for Cenco to pay royalties from the revenues generated from these plants.
Such royalties in some states are calculated at a three percent (3%) rate and other states at a five and one half percent (5.5%).
It was also agreed that the two notes Cenco is holding in the amount of $90,000 against the Company will be returned to the Company.
Cenco would also pay the Company an additional $25,000 as a license fee for another state.
On
January 30, 2015, in conjunction with the execution of the agreement between the Company and Cenco, the Company entered into a
mutual release agreement with a former employee who claimed to have certain technology rights of the Company. It was agreed wherein
the employee would release to the company any claim to any and all rights to certain technology concerning the pyrolysis and refining
of certain materials into oil. Included in the agreement was a provision in which the former employee would forfeit all of their
accrued salary the Company was carrying as a liability to the former employee. The Company will recognize an equity adjustment
from the write off of the accrued salary. In exchange for the forfeiture of the accrued salary, Cenco had entered into a separate
agreement with the former employee wherein the former employee would receive certain territorial rights given to Cenco.
During
the first quarter of 2015, the Company entered into a consulting service agreement with a consultant, wherein the consultant will
provide analysis for and identify potential tire pyrolysis locations for future plants of the Company. The consultant will also
participate in product discussions and contribute financial models and other materials for presentation as requested. The consultant
will continue to work with the Company on product identify specifications for carbon black and oil outputs, suggest methods to
increase the values of carbon char and tire oil from Company processes and suggest methods of carbon black and oil finishing equipment
solutions and other services related to tire pyrolysis as requested. The agreement will expire on February 1, 2016 at which time
the consultant will receive as compensation 1,500,000 (one million and five hundred thousand) vested warrants for Company’s
stock at $0.10 a share. The warrants will be 100% vested on the day of issuance.
GREEN
ENVIROTECH HOLDINGS CORP.
NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
During
the first quarter of 2015, the Company issued 65,294 common shares to settle $11,100 of accounts payable. There was no loss on
the accounts payable conversion. The Company issued warrants. The Company issued 1,500,000 five year warrants for professional
services exercisable at $0.10 per share and vesting 62,500 shares per month starting on the 1st day of the month for
the next twenty-four months following the date of issuance on January 1, 2015. The Company issued 875,170 five year warrants for
professional services exercisable at $0.08 per share and vesting 175,034 shares per month starting on the 1st day of
the month for the next five months following the date of issuance on February 20, 2015. The Company signed an addendum to this
agreement on December 17, 2015 to accelerate all warrants not already vested, will be totally vested on February 1, 2016.
On
May 13, 2015, the Company and EraStar agreed to resolve the outstanding balance of $120,000 owed to EraStar by GETH for an amount
of $20,000 or in the form of $20,000 free trading shares on or before 12/30/15.
On
October 1, 2015, the Company and EraStar agreed to an amendment to the May 13, 2015 Settlement Agreement wherein 350,000 shares
currently issued to EraStar for services, GETH may cancel and reissue stock to same. GETH shall issue a total of 370,000 shares
to EraStar or assigns as directed for full consideration of contractual obligations.
On
May 18, 2015, the Company approved the Debt Assignment Agreement dated 5/18/2015 between H.E. Capital S.A. and Valuecorp Trading
Company. The Company also approved the Debt Settlement Agreement dated 5/19/2015 between the Company and Valuecorp Trading Company.
The Company will issue 833,333 shares of common stock to Valuecorp Trading Company at $0.03 per share to satisfy $25,000 of the
debt dated 12/3/2010.
On
June 12, 2015, the Company and Cenco Leasing Company, Inc. agreed to an extension to the performance clause in the agreement between
the Company and Cenco dated January 30, 2015 by executing an amendment to that agreement.
During
the third quarter of 2015, the Company issued 1,500,000 common shares for the conversion of $45,000 in notes payable. The Company
also issued 3,625,000 restricted common shares to its Director and CEO for the conversion of $145,000 of debt at $0.04 per share.
The Company issued 1,233,031 common shares to settle $98,643 in accounts payable. There was no loss on the accounts payable or
note conversions.
During
the first quarter of 2016, the Company issued 1,500,000 warrants for Company’s stock at $0.10 per share in settlement of
a service agreement dated January 1, 2015. These warrants were fully vested on the date of issuance. The Company issued 1,500,000
warrants to another consultant for Company’s stock at $0.10 per share for services rendered for the past eighteen months.
These warrants fully vested on the date of issuance.
During
the first quarter of 2016, the Company issued a Note Payable to an individual in the amount of $134,000 at an interest rate of
eight percent (8%) for the amount the individual wired into the Company account. The Company did forward the same funds to a third
party company for a promissory note for the same amount at eight percent (8%). The funds are intended for the use of the third
party company. The Company intends to be a majority owner of this third party company in the future by issuing licensing agreements
for the use of its technology.
Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
The
following is management’s discussion and analysis of financial condition and results of operations and is provided as a
supplement to the accompanying unaudited financial statements and notes to help provide an understanding of our financial condition,
results of operations and cash flows during the periods included in the accompanying unaudited financial statements.
In
this Quarterly Report on Form 10-Q, “Company,” “the Company,” “us,” and “our”
refer to Green EnviroTech Holdings Corp., a Delaware corporation, unless the context requires otherwise.
We
intend the following discussion to assist in the understanding of our financial position and our results of operations for the
three months ended September 30, 2014 and September 30, 2013 and for the nine months ended September 30, 2014 and September 30,
2013. You should refer to the Financial Statements and related Notes in conjunction with this discussion.
Overview
of Our Business
Green
EnviroTech Holdings Corp. (the “Company”) is a pre revenue-stage technology company that has developed a patent pending
oil conversion process utilizing a mixture of plastic and tires. The “GETH Process” revolutionizes the disposal of
plastic waste and tires and cleans up our landfills. The Company will produce high grade oil from the tires and plastic. The Company
has received a contract for sale of oil to Conoco.
Corporate
History
The
Company, formerly known as Wolfe Creek Mining, Inc., was incorporated in the State of Delaware on June 26, 2007. On November 20,
2009, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Green EnviroTech Acquisition
Corp., a Nevada corporation, and Green EnviroTech Corp. (“Green EnviroTech”), a plastics recovery, separation, cleaning,
and recycling company. Green EnviroTech is a Nevada corporation formed on October 6, 2008 under the name EnviroPlastics Corporation.
On October 21, 2009, Enviroplastics Corporation changed its name to Green EnviroTech Corp. and on July 20, 2010, the Company changed
its name to Green EnviroTech Holdings Corp.
Pursuant
to the Merger Agreement, on November 20, 2009 (the “Closing Date”), Green EnviroTech Acquisition Corp. merged with
and into Green EnviroTech, resulting in Green EnviroTech becoming a wholly-owned subsidiary of the Company (the “Merger”).
As a result of the consummation of the Merger Agreement, the Company issued approximately 450,000 shares of its common stock to
the shareholders of Green EnviroTech, representing approximately 45% of the issued and outstanding common stock of the Company
following the closing of the Merger. Further, the outstanding shares of common stock of Green EnviroTech were cancelled. The acquisition
of Green EnviroTech is treated as a reverse acquisition, and the business of Green EnviroTech became the business of the Company.
Immediately prior to the reverse acquisition, Wolfe Creek was not engaged in any active business.
On
March 27, 2013, the Company completed a 1 for 100 reverse split of its common stock. Share amounts in this report and previous
reports subsequent to the reverse split have been retroactively adjusted where needed.
Recent
Developments
On
May 8, 2014, the Company signed a memorandum of understanding with Cenco Leasing LLC (“Cenco”), in which the memorandum
calls for a joint venture to be formed between the Company and Cenco for the purpose of funding a GETH facility in Stockton, CA
with Cenco funding the project. The Company will own 30% (thirty percent) of the joint venture and Cenco will own 70%. The memorandum
also calls for Cenco to provide two one year 8% loans to the Company with stock conversion rights. Cenco provided to the Company
a loan in the amount of $50,000 on May 8, 2014 and Cenco provided a second loan in the amount of $40,000 on June 2, 2014. As of
June 30, 2014, a formal joint venture between the Company and Cenco has not been consummated.
On
June 9, 2014, the Company formed two Limited Liability Companies in Texas. As of September 30, 2014, there was no activity in
either of the two LLCs.
On
January 30, 2015, the Company entered into a license agreement with Cenco Leasing Company, Inc. (Cenco) wherein the Company has
given exclusive license rights to Cenco for the states of Oklahoma, Kansas, Arkansas, Nebraska, Missouri, Colorado, North Dakota,
South Dakota, Iowa, New Mexico, Nevada, Utah and the entire country of Mexico. The agreement gives exclusive rights to Cenco to
utilize certain technology of the Company to design, construct, own and operate pyrolysis and refining plants in the above defined
territories. The agreement calls for Cenco over certain periods of time as detailed in the agreement to construct plants in these
territories. The agreement also calls for Cenco to pay royalties from the revenues generated from these plants. Such royalties
in some states are calculated at a three percent (3%) rate and other states at a five and one half percent (5.5%). It was also
agreed that the two notes Cenco is holding in the amount of $90,000 against the Company will be returned to the Company. Cenco
would also pay the Company an additional $25,000 as a license fee for another state.
On
January 30, 2015, in conjunction with the execution of the agreement between the Company and Cenco, the Company entered into a
mutual release agreement with a former employee who claimed to have certain technology rights of the Company. It was agreed wherein
the employee would release to the company any claim to any and all rights to certain technology concerning the pyrolysis and refining
of certain materials into oil. Included in the agreement was a provision in which the former employee would forfeit all of their
accrued salary the Company was carrying as a liability to the former employee. In exchange for the forfeiture of the accrued salary,
Cenco had entered into a separate agreement with the former employee wherein the former employee would receive certain territorial
rights given to Cenco.
The
Company has estimated its capital needs will be $6.5 million to fully execute the two phases of its business model. Phase-One
involves the purchase and infrastructure of the building, working capital and the purchase and installation of one reactor with
one secondary distillation and filtration process. Phase-One will enable the Company to become operational with projected profits
for the plant. Phase-Two will start within three months after the completion of phase-one. Phase-Two involves the installation
of one reactor and one complete system which is comprised of two reactors and one secondary distillation and filtration process.
The
Company has applied for a portion of the permits needed to operate and construct a plant in California and does not anticipate
any complications with its applications. The plant’s operating systems are considered a closed system with zero emissions.
The estimated time to close funding is 60 days with an estimated seven months after the close of funding to complete upgrades
to the infrastructure and installation of the equipment. The Company is in negotiations with an investment group located outside
California for a $3 million investment wherein the Company and the investment group will participate in a joint venture. There
is no assurance such joint venture and funding will be available on terms acceptable to the Company, or at all. On May 8, 2014,
the Company signed a memorandum of understanding with the investment group.
On
March 20, 2014, the Company received from the State of California approval from the Bay Area Air Quality Management District and
was granted permits with authority to construct a plant for the following equipment: 1) S-1 Pyrolysis Oil Conversion Line, Tires,
WST-8 Twin Reactor System, Secondary Distillation and Catalyst Filtration-Fugitive Emissions 2) S-2 Pyrolysis Oil conversion Line,
Agricultural Plastic, WXT-8 Twin Reactor System, Secondary distillation and Catalytic Filtration-Fugitive Emissions 3) S-3 Finished
Oil storage Tank, TK-4 Fixed roof Tank, 5 thousand gallons, the system abated by A-1 Vapor Recovery System.
Critical
Accounting Policy and Estimates
Our
Management’s Discussion and Analysis of Financial Condition and Results of Operations section discusses our financial statements,
which have been prepared in accordance with generally accepted accounting principles in the United States of America. The preparation
of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets
and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting
period. On an on-going basis, management evaluates its estimates and judgments, including those related to revenue recognition,
accrued expenses, financing operations, and contingencies and litigation. Management bases its estimates and judgments on historical
experience and on various other factors that are believed to be reasonable under the circumstances, the results of which form
the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources.
Actual results may differ from these estimates under different assumptions or conditions. The most significant accounting estimates
inherent in the preparation of our financial statements include estimates as to the appropriate carrying value of certain assets
and liabilities which are not readily apparent from other sources.
The
following discussion of our financial condition and results of operations should be read in conjunction with our audited financial
statements for the year ended December 31, 2013, together with notes thereto as previously filed with our Annual Report on Form
10-K. In addition, these accounting policies are described at relevant sections in this discussion and analysis and in the notes
to the financial statements included in our Quarterly Reports on Form 10-Q for prior quarter filings.
Results
of Operations
Nine
Months Ended September 30, 2014 compared to Nine Months Ended September 30, 2013.
Revenues
and Cost of Revenues
The
Company is a pre revenue-stage technology company that has developed a patent pending oil conversion process utilizing a mixture
of plastic and tires. The Company will produce high grade oil from the tires and plastic. As a result, the Company had no operating
revenues or cost of revenues for the nine months ended September 30, 2014 and 2013.
Operating
Expenses
The
salaries and professional fees for the nine months ended September 30, 2014 were $1,105,405 as compared to $2,342,973 for the
nine months ended September 30, 2013. The salaries and professional fees for the nine months ended September 30, 2014 included
$461,905 in professional fees and $643,500 in salaries.
The
general and administrative expenses for the nine months ended September 30, 2014 were $866,105 as compared to $202,345 for the
nine months ended September 30, 2013, an increase of approximately 328%. This increase of $663,760 was the result of stock issued
for services.
Non-Operating
Expenses
Non
operating expenses for the nine months ended September 30, 2014 were $916,579 as compared to $2,294,620 for the nine months ended
September 30, 2013, a decrease of approximately 60%. There was no amortization expense-discounted value of notes for the nine
months ended September 30, 2014 as compared to $64,286 for the nine months ended September 30, 2013. The above decrease of $1,378,041
in non-operating expenses was the result of the decrease in amortization expense-discounted value of notes and debt conversion
losses incurred in the previous year when the Company issued shares of common stock to pay off notes payable and accrued interest.
The interest expense on the outstanding notes was $82,352 for the nine months ended September 30, 2014 as compared to $91,270
in interest expense for the nine months ended September 30, 2013. There was an impairment expense for the nine months ended September
30, 2014 in the amount of $33,333 when the Company wrote off $30,833 in the cost of engineering and architectural costs associated
with building permits obtained and carried over from the previous year and the write down of a sniff device used in oil sample
testing in the amount of $2,500 compared to no impairment expense for the nine months ended September 30, 2013. There was a loss
in the amount of $25,706 when the Company settled a contract dispute with a vendor compared to no such loss for the nine months
ended September 30, 2013. There was a loss on debt conversion in the amount of $775,188 for the nine months ended September 30,
2014 as compared to $2,139,064 for the nine months ended September 30, 2013, a decrease of $1,363,876 or approximately 64%.
Three
Months Ended September 30, 2014 compared to Three Months Ended September 30, 2013.
Revenues
The
Company had no operating revenues for the three months ended September 30, 2014 and 2013.
Cost
of Revenues
The
Company had no cost of revenues for the three months ended September 30, 2014 and 2013.
Operating
Expenses
The
wages and professional fees for the three months ended September 30, 2014 were $252,048 as compared to $954,364 for the three
months ended September 30, 2013. The wages and professional fees for the three months ended September 30, 2014 included $52,548
in professional fees and $199,500 in wages.
The
general and administrative expenses for the three months ended September 30, 2014 were $433,729 as compared to $69,187 for the
three months ended September 30, 2013, a decrease of approximately 27%. This decrease of $156,568 was the result of a decrease
in stock compensation for consultants, travel, entertainment, advertising and marketing concerning the promotion of the company.
Non-Operating
Expenses
The
non operating expenses for the three months ended September 30, 2014 were $20,173 as compared to $485,931 for the three months
ended September 30, 2013. $33,948 was a debt conversion loss from converting debt to common stock. There was a loss of $419,064
in debt conversion for the three months ended September 30, 2013. There was an amortization expense for the discounted value of
the new $150,000 in notes in the amount of $64,286 relating to the 60,000 shares of common stock issued with the notes for the
2013 period. There was no amortization of debt discount for the three months ended September 30, 2014. The interest expense on
the working capital notes was $27,861 for the three months ended September 30, 2014 as compared to $34,722 in interest expense
for the three months ended September 30, 2013. There was an impairment expense for the three months ended September 30, 2014 in
the amount of $33,333 when the Company wrote off $30,833 in the cost of engineering and architectural costs associated with building
permits obtained and carried over from the previous year and the write down of a sniff device used in oil sample testing in the
amount of $2,500 compared to no impairment expense for the three months ended September 30, 2013. There was a loss in the amount
of $25,706 when the Company settled a contract dispute with a vendor compared to no such loss for the nine months ended September
30, 2013. The overall decrease in non-operating expense was $465,758 when the Company had a decrease in debt conversions.
Net
Loss
As
a result of the above, the Company had a net loss of $2,888,089 for the nine months ended September 30, 2014 as compared to a
loss of $4,839,938 for the nine months ended September 30, 2013.
Liquidity
and Capital Resources
On
September 30, 2014, the Company had a balance of cash in the bank in the amount of $6626. The Company had no accounts receivable
and no inventory on September 30, 2014. The Company had other current assets in the amount of $6,664. The Company had accounts
payable to vendors and accrued expenses in the amount of $3,534,736.
The
Company had negative cash flows from operations for the nine months ended September 30, 2014 of ($230,409) as compared to the
same period ended September 30, 2013 in the amount of ($373,392). The Company had no cash used in investing activities for the
nine months ended September 30, 2014 as compared to the same period ended September 30, 2013 in the amount of ($58,372).
The
Company has an unsecured, loan payable in the form of a line of credit with its CEO. The CEO had provided a line of credit up
to $1,000,000 at 4% interest per annum to the Company to cover various expenses and working capital infusions. The term of this
line of credit has been extended to December 31, 2014. The CEO has advanced $1,246,456 from inception through September 30, 2014
and the Company has repaid all of the advances and accrued interest. The Company converted $754,377 of these advances into shares
of common stock on May 11, 2010 at $1.00 per share and converted $200,000 into shares of common stock on December 1, 2011 at $0.50
per share. On April 16, 2014, the remaining principal balance of $12,287 and accrued interest in the amount of $30,584 were converted
into 42,871 shares of restricted common stock at $1.00 per share. On the same date, the CEO converted all of his accrued salary
of $778,237 into 778,237 shares of restricted common stock at $1.00 per share.
The
Company has an outstanding unsecured line of credit from H. E. Capital, S. A. This loan accrues interest at the rate of 8% per
annum. The maturity date of the line of credit has been extended to December 31, 2015. The balance of the advances at September
30, 2014 was $469,122 with accrued interest in the amount of $78,112. The use of proceeds from the H. E. Capital loans as follows:
| |
September
30, 2014 | | |
December
31, 2013 | |
| |
| | |
| |
H. E. Capital S.A. transactions for 2014 | |
| | |
| |
Beginning
Balance | |
$ | 616,772 | | |
$ | 663,250 | |
Proceeds | |
| 146,850 | | |
| 317,000 | |
Consulting
services as an increase in note payable | |
| 45,000 | | |
| 60,000 | |
Accounts
Payable assigned to note | |
| 23,000 | | |
| 182,342 | |
Joint
Venture Investment paid direct | |
| - | | |
| 165,000 | |
Company
liabilities paid direct | |
| - | | |
| 5,930 | |
Allocation
Green Power Energy | |
| - | | |
| (100,000 | ) |
Assignments | |
| (95,000 | ) | |
| - | |
Non-cash
conversions | |
| (267,500 | ) | |
| (676,750 | ) |
| |
| | | |
| | |
Ending Balance | |
$ | 469,122 | | |
$ | 616,772 | |
The
Company also received a loan payable from an individual in the amount of $20,000 at 10% due on demand. The Company has made payments
on this loan and repaid $10,000 of this note on August 10, 2010 and $2,500 on April 11, 2011. As of September 30, 2014 the loan
has an outstanding balance of $7,500. Interest expense for each three month period ended June 30, 2014 and 2013, was $224. The
interest expense is now calculated at 12%. Accrued interest as of September 30, 2014 was $4,730.
On
January 24, 2011, the Company entered into a series of securities purchase agreements with accredited investors (the “Investors”),
pursuant to which the Company sold an aggregate of $380,000 in 12% secured debentures (the “Debentures”). Legend Securities,
Inc. a broker dealer which is a member of FINRA, received a commission of $45,600 and 1,900 warrants at an exercise price of $0.40
in connection with the sale of the Debentures. The Debentures were initially due at the earlier of 6 months from the date of issuance
or upon the Company receiving gross proceeds from subsequent financings in the aggregate amount of $1,000,000. The Company raised
$380,000 from the investors. The Company agreed to issue to the Investors five-year warrants to purchase an aggregate of 1,900
shares of common stock at an exercise price of $0.40, which may be exercised on a cashless basis. The Debentures bear interest
at the rate of 12% per annum, payable upon maturity. The Debentures are secured by the assets of the Company pursuant to security
agreements entered into between the Company and the Investors.
The
$380,000 in proceeds from the financing transaction was allocated to the debt features and the warrants based upon their fair
values. The value of the warrants ($123,120) was recorded as a debt discount on the secured debentures. This discount was amortized
over the nine-month term of the secured debentures. The estimated fair value of the 1,900 warrants to the investors at issuance
on January 24, 2011 was $141,362 and has been classified in Additional Paid In Capital on the Company’s condensed consolidated
balance sheet. The estimated fair value of the warrants was determined using the Black-Scholes option-pricing model.
The
maturity date of these debentures was extended to September 24, 2012. The Company issued shares of common stock and warrants to
the debenture holders for prior extensions. The Company issued 10,000 shares of common stock with a value of $30,000 and 1,000
five year warrants exercisable at $0.10 per share valued at $2,999. The remaining balance on the Debentures on September 30, 2014
was $305,000. Interest incurred for the nine months ended September 30, 2014 and 2013 were $27,755 and $27,755 respectively. Interest
accrued through September 30, 2014 was $153,548. The Company is presently negotiating an extension on the debentures.
On
March 19, 2013, the Company issued a promissory note in the amount of $150,000 at 8% to a private investor. The note had no accrued
interest for the first six months. The note has been extended to December 31, 2014. The Company used the proceeds from the note
for working capital. As of September 30, 2014 this loan had an outstanding balance of $150,000 and accrued interest in the amount
of $15,575.
The
Company incurred two new unsecured notes with Cenco Leasing Company, Inc. during the second quarter. Both notes are for one year
at 8% interest. The first note was issued on May 5, 2014 for $50,000 and the second note was issued on June 2, 2014 for $40,000.
These notes are collateralized by assets of the Company and can be repaid by common stock of the Company when presented for payment.
The Company used the proceeds from these notes for working capital. On January 30, 2015, the Company entered into a license agreement
with Cenco Leasing Company, Inc. (Cenco) wherein the Company has given exclusive license rights to Cenco for the states of Oklahoma,
Kansas, Arkansas, Nebraska, Missouri, Colorado, North Dakota, South Dakota, Iowa, New Mexico, Nevada, Utah and the entire country
of Mexico. The agreement gives exclusive rights to Cenco to utilize certain technology of the Company to design, construct, own
and operate pyrolysis and refining plants in the above defined territories. The agreement calls for Cenco over certain periods
of time as detailed in the agreement to construct plants in these territories. The agreement also calls for Cenco to pay royalties
from the revenues generated from these plants. Such royalties in some states are calculated at a three percent (3%) rate and other
states at a five and one half percent (5.5%). It was also agreed that the two notes Cenco is holding in the amount of $90,000
against the Company will be returned to the Company. Cenco would also pay the Company an additional $25,000 as a license fee for
another state.
The
Company had cash of $236.850 from financing activities for the nine months ended September 30, 2014 as compared to the same period
ended September 30, 2013 in the amount of 435,200.
The
Company will seek to raise additional funds to meet our working capital needs principally through the additional sales of our
securities. However, we cannot guaranty that we will be able to obtain sufficient additional funds when needed, or that such funds,
if available, will be obtainable on terms satisfactory to us.
The
Company had cash of $6,626 as of September 30, 2014. In the opinion of management, our available funds will not satisfy our working
capital requirements for the next twelve months. Our forecast for the period for which our financial resources will be adequate
to support our operations involves risks and uncertainties and actual results could fail as a result of a number of factors. We
will need to raise additional capital to expand our operations to the point at which we are able to generate revenues and operate
profitably. The Company at the present has no operations to generate revenue. As outlined above under “Overview of Our Business,”
the Company needs to complete raising $4,000,000 in equity in order to complete the balance of $16,000,000 in financial resources
to start construction of its first plant. The Company expects increases in the legal and accounting costs and costs to obtain
funding.
The
Company intends to pursue capital through public or private financing as well as borrowings and other sources, such as our officers,
directors and principal shareholders. We cannot guaranty that additional funding will be available on favorable terms, if at all.
If adequate funds are not available, then our ability to expand our operations may be significantly hindered. If adequate funds
are not available, we believe that our officers, directors and principal shareholders will contribute funds to pay for our expenses
to achieve our objectives over the next twelve months. However, our officers, directors and principal shareholders are not committed
to contribute funds to pay for our expenses.
Off-Balance
Sheet Arrangements
The
Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect
on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures
or capital resources that is material to investors.
Item
3. Quantitative and Qualitative Disclosures about Market Risk.
Not
applicable for a smaller reporting company.
Item
4. Controls and Procedures.
Evaluation
of Disclosures and Procedures
We
maintain disclosure controls and procedures designed to ensure that information required to be disclosed in the reports we file
pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”) are recorded, processed, summarized
and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission, and that such
information is accumulated and communicated to our Chief Executive Officer (“CEO”) (principal executive and financial
officer), to allow timely decisions regarding required disclosure. In designing and evaluating the disclosure controls and procedures,
management recognized that any controls and procedures, no matter how well designed and operated, can only provide a reasonable
assurance of achieving the desired control objectives, and in reaching a reasonable level of assurance, management necessarily
was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures. Management
designed the disclosure controls and procedures to provide reasonable assurance of achieving the desired control objectives.
We
carried out an evaluation, under the supervision and with the participation of our management, including our CEO, of the effectiveness
of the design and operation of our disclosure controls and procedures as of the end of the period covered by this Quarterly Report.
Based upon that evaluation, the Chief Executive Officer concluded that the Company’s disclosure controls and procedures
are ineffective.
Changes
in Internal Controls Over Financial Reporting
There
have been no changes in our internal control over financial reporting (as such term is defined in Rule 13a-15(f) and 15d-15(f)
under the Exchange Act) during the six months ended June 30, 2014 that have materially affected, or are reasonably likely to materially
affect, our internal control over financial reporting.
PART
II - OTHER INFORMATION
Item
1. Legal Proceedings.
The
Company has no ongoing legal proceedings. The Company settled a claim in New York courts from a vendor for unpaid fees, MicroCap
vs Green EnviroTech, by agreeing to deliver 25,000 shares a month for six months to the plaintiff. As of this filing all shares
have been delivered.
Item
1A. Risk Factors.
Not
required for a smaller reporting company.
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds
During
the quarter ended March 31, 2014, the Company converted $537,254 of notes payable and accrued interest into 2,149,016 shares of
common stock. The Company recognized a loss on conversion of $775,188.
During
the quarter ended March 31, 2014, the Company issued to consultants 70,000 shares of common stock for services. It issued 34,312
shares of common stock to settle one of its accounts payables. It also issued 15,000 shares of common stock to redeem 15,000 warrants.
During
the quarter ended June 30, 2014, the Company converted the balance of its notes payable to its CEO and with accrued interest into
42,871 shares of common stock. It issued to consultants 1,025,000 shares of common stock for services. It also issued 700,000
shares of common stock to settle certain accounts payables and 778,237 shares of common stock to settle accrued salary to its
CEO.
During
the quarter ended September 30, 2014, the Company issued 440,500 shares of common stock to settle additional accounts payables.
It issued to consultants 930,058 shares of common stock for services. It also converted Note payables and accrued interest into
80,000 shares of common stock. The Company recognized a loss on the conversion of $6,400.
In
connection with the foregoing, the Company relied upon the exemption from registration provided by Section 4(a)(2) of the Securities
Act of 1933, as amended, for transactions not involving a public offering.
Item
3. Defaults Upon Senior Securities.
The
Company is in default under promissory notes issued on January 21, 2011 for failure to make required payments of interest and
principal by September 24, 2012. The Company is currently in negotiations regarding extensions on these notes. Aggregate principal
and interest owed as of the date of this filing is $458,548.
Item
4. Mine Safety Disclosures.
Not
Applicable.
Item
5. Other Information.
None.
Item
6. Exhibits.
No. |
|
Description |
|
|
|
31.1 |
|
Rule
13a-14(a)/ 15d-14(a) Certification of Chief Executive Officer |
|
|
|
32.1 |
|
Section
1350 Certification of Chief Executive Officer |
|
|
|
EX-101.INS |
|
XBRL
INSTANCE DOCUMENT |
EX-101.SCH |
|
XBRL
TAXONOMY EXTENSION SCHEMA DOCUMENT |
EX-101.CAL |
|
XBRL
TAXONOMY EXTENSION CALCULATION LINKBASE |
EX-101.LAB |
|
XBRL
TAXONOMY EXTENSION LABELS LINKBASE |
EX-101.PRE |
|
XBRL
TAXONOMY EXTENSION PRESENTATION LINKBASE |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
|
Green
EnviroTech Holdings Corp. |
|
|
|
Date:
February 19, 2016 |
By: |
/s/
Gary DeLaurentiis |
|
|
Gary
DeLaurentiis |
|
|
Chief
Executive Officer
(principal executive and financial officer) |
Exhibit
31.1
Rule
13a-14(a)/15d-14(a) Certification
I,
Gary DeLaurentiis, certify that:
1.
I have reviewed this quarterly report on Form 10-Q of Green EnviroTech Holdings Corp.;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect
to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all
material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods
presented in this report;
4.
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls
and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined
in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by
others within those entities, particularly during the period in which this report is being prepared;
(b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed
under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally accepted accounting principles;
(c)
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on
such evaluation; and
(d)
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the
registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that
has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial
reporting; and
5.
The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control
over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors
(or persons performing the equivalent functions):
(a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which
are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information;
and
(b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s
internal control over financial reporting.
February
19, 2016
|
By: |
/s/
Gary DeLaurentiis |
|
|
Gary
DeLaurentiis |
|
|
Chief
Executive Officer (Principal Executive and Financial Officer) |
Exhibit
32.1
Section
1350 Certification
In
connection with the Quarterly Report of Green EnviroTech Holdings Corp. (the “Company”) on Form 10-Q for the
quarter September 30, 2014 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I,
Gary DeLaurentiis, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002, that:
|
(1) |
The
Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
|
|
|
|
(2) |
The
information contained in the Report fairly presents, in all material respects, the financial condition and results of operations
of the Company. |
Dated:
February 19, 2016 |
By: |
/s/
Gary DeLaurentiis |
|
|
Gary
DeLaurentiis |
|
|
Chief
Executive Officer
(Principal Executive and Financial Officer) |
v3.3.1.900
X |
- DefinitionIf the value is true, then the document is an amendment to previously-filed/accepted document.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEnd date of current fiscal year in the format --MM-DD.
+ References
+ Details
Name: |
dei_CurrentFiscalYearEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gMonthDayItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThis is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.
+ References
+ Details
Name: |
dei_DocumentFiscalPeriodFocus |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fiscalPeriodItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThis is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.
+ References
+ Details
Name: |
dei_DocumentFiscalYearFocus |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gYearItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation 12B -Number 240 -Section 12b -Subsection 1
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.
+ References
+ Details
Name: |
dei_EntityCommonStockSharesOutstanding |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionIndicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
+ Details
Name: |
dei_EntityFilerCategory |
Namespace Prefix: |
dei_ |
Data Type: |
dei:filerCategoryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation 12B -Number 240 -Section 12b -Subsection 1
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Consolidated Balance Sheets (Unaudited) - USD ($)
|
Sep. 30, 2014 |
Dec. 31, 2013 |
CURRENT ASSETS |
|
|
Cash |
$ 6,626
|
$ 185
|
Other current assets |
6,664
|
10,119
|
Total current assets |
$ 13,290
|
10,304
|
Other Assets: |
|
|
Engineering Costs |
|
30,833
|
Total other assets |
|
30,833
|
TOTAL ASSETS |
$ 13,290
|
41,137
|
CURRENT LIABILITIES |
|
|
Accounts payable |
629,396
|
$ 686,538
|
Accounts payable- related party |
7,417
|
|
Accrued expenses |
2,897,923
|
$ 3,119,084
|
Secured debentures payable |
395,000
|
305,000
|
Loan payable |
$ 796,622
|
1,115,572
|
Loan payable - related party |
|
12,287
|
Total current liabilities |
$ 4,726,358
|
5,238,481
|
TOTAL LIABILITIES |
$ 4,726,358
|
$ 5,238,481
|
STOCKHOLDERS' DEFICIT |
|
|
Preferred stock, $0.001 par value, 25,000,000 shares authorized, 0 shares issued and outstanding as of September 30, 2014 and December 31, 2013 |
|
|
Common stock, $0.001 par value, 250,000,000 shares authorized, 12,089,682 and 5,904,688 shares issued and outstanding as of September 30, 2014 and December 31, 2013, respectively |
$ 12,090
|
$ 5,905
|
Additional paid in capital |
14,376,112
|
11,009,932
|
Accumulated deficit |
(19,101,270)
|
(16,213,181)
|
Total stockholders' deficit |
(4,713,068)
|
(5,197,344)
|
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT |
$ 13,290
|
$ 41,137
|
X |
- DefinitionCarrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_AccountsPayableCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionCarrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_AccruedLiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionExcess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.30(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 31 -Article 5
+ Details
Name: |
us-gaap_AdditionalPaidInCapital |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.18) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 12 -Article 7
+ Details
Name: |
us-gaap_Assets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.9) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6801-107765
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765
+ Details
Name: |
us-gaap_AssetsCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_AssetsCurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionSum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.10-17) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 18 -Article 5
+ Details
Name: |
us-gaap_AssetsNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash -URI http://asc.fasb.org/extlink&oid=6506951
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3044-108585
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash Equivalents -URI http://asc.fasb.org/extlink&oid=6507016
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.1) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5
+ Details
Name: |
us-gaap_CommonStockValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19-26) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_Liabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.32) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 25 -Article 7
+ Details
Name: |
us-gaap_LiabilitiesAndStockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionTotal obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.21) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_LiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_LiabilitiesCurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCarrying value as of the balance sheet date of portion of long-term loans payable due within one year or the operating cycle if longer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_LoansPayableCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.8) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_OtherAssetsCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of other miscellaneous assets.
+ References
+ Details
Name: |
us-gaap_OtherAssetsMiscellaneous |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_OtherAssetsNoncurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.28) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29 -Article 5
+ Details
Name: |
us-gaap_PreferredStockValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe cumulative amount of the reporting entity's undistributed earnings or deficit.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.31(a)(3)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3
+ Details
Name: |
us-gaap_RetainedEarningsAccumulatedDeficit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionCarrying value as of the balance sheet date of the portion of long-term, collateralized debt obligations due within one year or the operating cycle, if longer. Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20 -Article 5
+ Details
Name: |
us-gaap_SecuredDebtCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionTotal of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E
+ Details
Name: |
us-gaap_StockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_StockholdersEquityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares
|
Sep. 30, 2014 |
Dec. 31, 2013 |
Statement of Financial Position [Abstract] |
|
|
Preferred stock, par value |
$ 0.001
|
$ 0.001
|
Preferred stock, shares authorized |
25,000,000
|
25,000,000
|
Preferred stock, shares issued |
0
|
0
|
Preferred stock, shares outstanding |
0
|
0
|
Common stock, par value |
$ 0.001
|
$ 0.001
|
Common stock, shares authorized |
250,000,000
|
250,000,000
|
Common stock, shares issued |
12,089,682
|
5,904,688
|
Common stock, shares outstanding |
12,089,682
|
5,904,688
|
X |
- DefinitionFace amount or stated value per share of common stock.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5
+ Details
Name: |
us-gaap_CommonStockParOrStatedValuePerShare |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe maximum number of common shares permitted to be issued by an entity's charter and bylaws.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5
+ Details
Name: |
us-gaap_CommonStockSharesAuthorized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionTotal number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5
+ Details
Name: |
us-gaap_CommonStockSharesIssued |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5
+ Details
Name: |
us-gaap_CommonStockSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionFace amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.28) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29 -Article 5
+ Details
Name: |
us-gaap_PreferredStockParOrStatedValuePerShare |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.28) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29 -Article 5
+ Details
Name: |
us-gaap_PreferredStockSharesAuthorized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionTotal number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.28) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29 -Article 5
+ Details
Name: |
us-gaap_PreferredStockSharesIssued |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionAggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.28) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29 -Article 5
+ Details
Name: |
us-gaap_PreferredStockSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_StatementOfFinancialPositionAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Consolidated Statements of Operations (Unaudited) - USD ($)
|
3 Months Ended |
9 Months Ended |
Sep. 30, 2014 |
Sep. 30, 2013 |
Sep. 30, 2014 |
Sep. 30, 2013 |
OPERATING EXPENSES |
|
|
|
|
Wages and professional fees |
$ 252,048
|
$ 954,364
|
$ 1,105,405
|
$ 2,342,973
|
General and administrative |
433,729
|
69,187
|
866,105
|
202,345
|
Total operating expenses |
$ 685,777
|
1,023,551
|
$ 1,971,510
|
2,545,318
|
NON-OPERATING EXPENSES |
|
|
|
|
Amortization expense-discounted value of notes |
|
$ 32,145
|
|
$ 64,286
|
Impairment expense |
$ 33,333
|
|
$ 33,333
|
|
Interest expense |
27,861
|
$ 34,722
|
82,352
|
$ 91,270
|
Loss on settlemt of payable |
25,706
|
|
25,706
|
|
(Gain) Loss on debt conversion |
(66,727)
|
$ 419,064
|
775,188
|
$ 2,139,064
|
Total non-operating expenses |
20,173
|
485,931
|
916,579
|
2,294,620
|
NET LOSS |
$ (705,950)
|
$ (1,509,482)
|
$ (2,888,089)
|
$ (4,839,938)
|
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING-BASIC AND DILUTED |
11,867,908
|
4,555,008
|
9,699,431
|
3,418,881
|
NET LOSS PER COMMON SHARE - BASIC AND DILUTED |
$ (0.06)
|
$ (0.33)
|
$ (0.30)
|
$ (1.42)
|
X |
- DefinitionGain Loss on Settlement of Payable.
+ References
+ Details
Name: |
geth_GainLossOnSettlementOfPayable |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
+ Details
Name: |
us-gaap_AmortizationOfDebtDiscountPremium |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ References
+ Details
Name: |
us-gaap_EarningsPerShareBasicAndDiluted |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of gain (loss) from the difference between the repurchase price of a debt instrument initially issued by the entity and the net carrying amount of the debt at the time of its repurchase.
+ References
+ Details
Name: |
us-gaap_GainLossOnRepurchaseOfDebtInstrument |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.4) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
+ Details
Name: |
us-gaap_GeneralAndAdministrativeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of the cost of borrowed funds accounted for as interest expense.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.9) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882
+ Details
Name: |
us-gaap_InterestExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Net Income -URI http://asc.fasb.org/extlink&oid=51831255
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.19) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.18) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.22) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913
Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Other Comprehensive Income -URI http://asc.fasb.org/extlink&oid=51831270
Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 19 -Article 5
Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 20 -Article 9
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
+ Details
Name: |
us-gaap_NonoperatingIncomeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NonoperatingIncomeExpenseAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionGenerally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
+ References
+ Details
Name: |
us-gaap_OperatingExpenses |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OperatingExpensesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe charge against earnings resulting from the write down of long lived assets other than goodwill due to the difference between the carrying value and lower fair value.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2921-110230
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
+ Details
Name: |
us-gaap_OtherAssetImpairmentCharges |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionExpenditures for salaries for officers and non-officers. Does not include allocated share-based compensation, pension and post-retirement benefit expense or other labor-related non-salary expense. For commercial and industrial companies, excludes any direct and overhead labor that is included in cost of goods sold.
+ References
+ Details
Name: |
us-gaap_SalariesWagesAndOfficersCompensation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAverage number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).
+ References
+ Details
Name: |
us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Statements of Cash Flows (Unaudited) - USD ($)
|
9 Months Ended |
Sep. 30, 2014 |
Sep. 30, 2013 |
CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
Net loss |
$ (2,888,089)
|
$ (4,839,938)
|
Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
Common stock issued for services |
258,645
|
1,093,150
|
Common stock issued for services, related party |
525,213
|
63,460
|
Loss on debt conversion |
775,188
|
2,139,064
|
Loss on settlement of accounts payable & accrued salaries |
113,000
|
$ 89,800
|
Consulting services as an increase in notes payable |
$ 45,000
|
|
Amortization of debt discount |
|
$ 64,286
|
Impairment expense |
$ 33,333
|
|
Change in assets and liabilities |
|
|
Other current assets |
955
|
$ (5,335)
|
Accounts payable- related party |
7,417
|
(2,413)
|
Accounts payable and accrued expenses |
898,929
|
1,024,534
|
Net cash used in operating activities |
$ (230,409)
|
(373,392)
|
CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
Expenditures related to construction of building |
|
(15,372)
|
Expenditures related to joint venture with Petrosonics |
|
(43,000)
|
Net cash used in investing activities |
|
(58,372)
|
CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
Issuance of stock for cash |
|
63,000
|
Payments on loan payable - related party |
|
(12,700)
|
Proceeds received from loan payable - other |
$ 236,850
|
384,900
|
Net cash provided by financing activities |
236,850
|
435,200
|
NET INCREASE IN CASH AND CASH EQUIVALENTS |
6,441
|
3,436
|
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD |
185
|
1,986
|
CASH AND CASH EQUIVALENTS - END OF PERIOD |
$ 6,626
|
$ 5,422
|
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES |
|
|
Common stock issued for subscriptions receivable |
|
|
SUPPLEMENTAL CASH FLOW INFORMATION: |
|
|
Cash paid during the period for: Interest |
|
|
Cash paid during the period for: Income taxes |
|
|
NON-CASH SUPPLEMENTAL INFORMATION: |
|
|
Shares issued for accrued salary |
|
$ 80,700
|
Shares issued for related party liabilities |
$ 821,108
|
|
Debt discount |
|
$ 64,286
|
Conversion of loans payable and accrued interest for common stock |
$ 537,254
|
801,574
|
Shares issued for accounts payable and accruals |
326,957
|
$ 27,700
|
Accounts payable assigned to note |
$ 23,000
|
|
Accounts payable and debt issued for investment in Petronsonics JV |
|
$ 225,000
|
Warrants exercised for accrued salary |
$ 15,000
|
|
X |
- DefinitionAccounts payable and debt issued for investment in Petronsonics JV.
+ References
+ Details
Name: |
geth_AccountsPayableAndDebtIssuedForInvestmentInPetronsonicsJv |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAccounts payable assigned to note.
+ References
+ Details
Name: |
geth_AccountsPayableAssignedToNote |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionCommon stock issued for subscriptions receivable
+ References
+ Details
Name: |
geth_CommonStockIssuedForSubscriptionsReceivable |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAdjustment for consulting services.
+ References
+ Details
Name: |
geth_ConsultingServices |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionConversion of loans payable and accrued interest for common stock.
+ References
+ Details
Name: |
geth_ConversionOfLoansPayableAndAccruedInterestForCommonStock |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionLoss on settlement of accounts payable and accrued salaries.
+ References
+ Details
Name: |
geth_LossOnSettlementOfAccountsPayableAndAccruedSalaries |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionNoncash Items, Shares Issued For Accounts Payable and Accruals.
+ References
+ Details
Name: |
geth_NoncashItemsSharesIssuedForAccountsPayableAndAccruals |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionShares issued for accrued salary.
+ References
+ Details
Name: |
geth_SharesIssuedForAccruedSalary |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionWarrants exercised for accrued salary.
+ References
+ Details
Name: |
geth_WarrantsExercisedForAccruedSalary |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_AdditionalCashFlowElementsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of noncash expense included in interest expense to allocate debt discount and premium, and the costs to issue debt and obtain financing over the related debt instruments. Alternate captions include noncash interest expense.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
+ Details
Name: |
us-gaap_AmortizationOfFinancingCostsAndDiscounts |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=51824106&loc=d3e2420-110228
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
+ Details
Name: |
us-gaap_AssetImpairmentCharges |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash -URI http://asc.fasb.org/extlink&oid=6506951
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3044-108585
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash Equivalents -URI http://asc.fasb.org/extlink&oid=6507016
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.1) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3521-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 230 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=49171198&loc=d3e33268-110906
+ Details
Name: |
us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionDifference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=49170532&loc=d3e12317-112629
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=49170532&loc=d3e12355-112629
+ Details
Name: |
us-gaap_GainsLossesOnExtinguishmentOfDebt |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
+ Details
Name: |
us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_IncreaseDecreaseInOperatingCapitalAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in other current operating assets not separately disclosed in the statement of cash flows.
+ References
+ Details
Name: |
us-gaap_IncreaseDecreaseInOtherCurrentAssets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of cash paid for interest during the period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4297-108586
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 25 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3536-108585
+ Details
Name: |
us-gaap_InterestPaid |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionFair value of share-based compensation granted to nonemployees as payment for services rendered or acknowledged claims.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
+ Details
Name: |
us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3521-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3574-108585
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInFinancingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3521-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3574-108585
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInInvestingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3521-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3536-108585
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInOperatingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Net Income -URI http://asc.fasb.org/extlink&oid=51831255
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.19) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.18) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.22) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913
Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Other Comprehensive Income -URI http://asc.fasb.org/extlink&oid=51831270
Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 19 -Article 5
Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 20 -Article 9
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NoncashInvestingAndFinancingItemsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow for acquisition of or capital improvements to properties held for investment (operating, managed, leased) or for use.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Investing Activities -URI http://asc.fasb.org/extlink&oid=6516133
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3213-108585
+ Details
Name: |
us-gaap_PaymentsForCapitalImprovements |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow associated with the investment in or advances to an entity in which the reporting entity shares control of the entity with another party or group.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3213-108585
+ Details
Name: |
us-gaap_PaymentsToAcquireInterestInJointVenture |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe cash inflow from the additional capital contribution to the entity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3255-108585
+ Details
Name: |
us-gaap_ProceedsFromIssuanceOfCommonStock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe cash inflow from a borrowing supported by a written promise to pay an obligation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3255-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228
+ Details
Name: |
us-gaap_ProceedsFromNotesPayable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
v3.3.1.900
Basis of Presentation and Accounting Policies
|
9 Months Ended |
Sep. 30, 2014 |
Accounting Policies [Abstract] |
|
Basis of Presentation and Accounting Policies |
Note 1 Basis of Presentation and Accounting Policies:
The consolidated financial statements
include the accounts of the Company and its interest in a joint venture which had no operations for the year. Intercompany balances
and transactions have been eliminated for this joint venture.
On June 9, 2014, the Company
formed two Limited Liability Companies in Texas for the purpose of finding a plant location in Texas. As of June 30, 2014, there
was no activity in either of the two LLCs. These two Limited Liability Companies will be dissolved unless a suitable location is
found. The CEO and Director of the Company have ownership to 99% of another Limited Liability Company that has received funds from
H.E. Capital on behalf of the Company to pay the bills of the Company. All of the funds and expenses of and for the Company have
gone into one account used for the benefit of the Company.
The Financial Statements presented
herein have been prepared by us in accordance with the accounting policies described in our December 31, 2013 and 2012 audited
financial statements included in Form 10-K and should be read in conjunction with the Notes to Financial Statements which appear
in that report.
The preparation of these financial
statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and judgments
that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and
liabilities. On an on going basis, we evaluate our estimates, including those related intangible assets, income taxes, insurance
obligations and contingencies and litigation. We base our estimates on historical experience and on various other assumptions that
are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying
values of assets and liabilities that are not readily apparent from other resources. Actual results may differ from these estimates
under different assumptions or conditions.
In the opinion of management,
the information furnished in these interim financial statements reflect all adjustments necessary for a fair statement of the financial
position and results of operations and cash flows as of and for the nine-months period ended September 30, 2014 and 2013. All such
adjustments are of a normal recurring nature. The results of operations for the interim period are not necessarily indicative of
the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures
contained in the audited financial statements for the most recent fiscal period, as reported in the Form 10-K, have been omitted.
In the second quarter of 2014,
the Company elected to early adopt Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination
of Certain Financial Reporting Requirements. The adoption of this ASU allows the Company to remove the inception to date information
and all references to development stage.
During the fourth quarter 2014,
the Company was faced with satisfying a disputed obligation with one of its vendors by issuing 150,000 free trading shares of the
Company. The debt had not matured for the amount of time required for the obligation to receive free trading shares. In order to
satisfy the debt, the Company entered into an agreement with H. E. Capital, S.A. to convert $30,000 of its Line of Credit Note
with the Company into 150,000 free trading shares of the Company. H. E. Capital S.A. converted the required portion of its debt
from the Company into the shares needed and issued 25,000 free trading shares in December 2014 and the balance of 125,000 free
trading shares in February 2015. The Company accrued the $30,000 liability on its books until it was totally satisfied in February
2015.
Principles of consolidation
The consolidated financial statements include the accounts of and its controlled subsidiaries. Equity investments in which
we exercise significant influence, but do not control and are not the primary beneficiary, are accounted for using the equity
method of accounting. Investments in which we do not exercise significant influence over the investee are accounted for using
the cost method of accounting. Intercompany transactions are eliminated.
|
X |
- References
+ Details
Name: |
us-gaap_AccountingPoliciesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for the basis of presentation and significant accounting policies concepts. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). Accounting policies describe all significant accounting policies of the reporting entity.
+ References
+ Details
Name: |
us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Going Concern
|
9 Months Ended |
Sep. 30, 2014 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
Going Concern |
Note 2 Going Concern
These financial statements have been
prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in
the normal course of business for the foreseeable future. For the nine months ended September 30, 2014, the Company had a net
loss of $2,888,089. The Company also has a working capital deficit of $4,713,068 and has accumulated deficit of $19,101,270. Further
losses are anticipated in the development of its business raising substantial doubt about the Companys ability to continue
as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations
in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business
operations when they come due. Management intends to finance operating costs over the next twelve months with loans and/or private
placement of common stock. These financial statements do not include any adjustments relating to the recoverability and classification
of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.
|
X |
- References
+ Details
Name: |
us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure when substantial doubt is raised about the ability to continue as a going concern. Includes, but is not limited to, principal conditions or events that raised substantial doubt about the ability to continue as a going concern, management's evaluation of the significance of those conditions or events in relation to the ability to meet its obligations, and management's plans that alleviated or are intended to mitigate the conditions or events that raise substantial doubt about the ability to continue as a going concern.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 40 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51888302&loc=SL51888449-203568
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 40 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51888302&loc=SL51888443-203568
+ Details
Name: |
us-gaap_SubstantialDoubtAboutGoingConcernTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Loan Payable - Related Party
|
9 Months Ended |
Sep. 30, 2014 |
Related Party Transactions [Abstract] |
|
Loan Payable - Related Party |
Note 3 Loan
Payable Related Party
The Company has an unsecured, loan
payable in the form of a line of credit with its CEO. The CEO had provided a line of credit up to $1,000,000 at 4% interest per
annum to the Company to cover various expenses and working capital infusions. This loan was extended to December 31, 2014. This
loan is no longer in effect. On April 16, 2014, the balance of this loan in the amount of $12,287 and its accrued interest in
the amount of $30,584, and $778,237 in accrued salary were satisfied in full when the Company issued 821,108 shares of restricted
common stock to its CEO at a $1.00 per share when the stock was selling at $0.26 per share. The Company elected to include the
gain of $607,620 from the conversion into the equity section as additional paid in capital.
|
X |
- DefinitionThe entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864
Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690
Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph b -Article 3A
+ Details
Name: |
us-gaap_RelatedPartyTransactionsDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Loan Payable - Other
|
9 Months Ended |
Sep. 30, 2014 |
Debt Disclosure [Abstract] |
|
Loan Payable - Other |
Note
4 Loan Payable Other
The Company has unsecured loans
with H. E. Capital, S. A. in various amounts. These loans accrue interest at the rate of 8% per annum. The due dates of the loans
have been extended to December 31, 2016. Balance of the loans at September 30, 2014 was $469,122 with accrued interest in the amount
of $78,112. The Company also has an agreement with H.E. Capital wherein the Company pays $5,000 monthly for financial services.
As of September 30, 2014, $45,000 was due under these terms. A schedule of the H. E. Capital loan activity with the Company for
2014 is as follows:
|
|
September 30, 2014 |
|
|
December 31, 2013 |
|
|
|
|
|
|
|
|
H. E. Capital S.A. transactions for 2014 |
|
|
|
|
|
|
|
|
Beginning Balance |
|
$ |
616,772 |
|
|
$ |
663,250 |
|
Proceeds |
|
|
146,850 |
|
|
|
317,000 |
|
Consulting services as an increase in note payable |
|
|
45,000 |
|
|
|
60,000 |
|
Accounts Payable assigned to note |
|
|
23,000 |
|
|
|
182,342 |
|
Joint Venture Investment paid direct |
|
|
- |
|
|
|
165,000 |
|
Company liabilities paid direct |
|
|
- |
|
|
|
5,930 |
|
Allocation Green Power Energy |
|
|
- |
|
|
|
(100,000 |
) |
Assignments |
|
|
(95,000 |
) |
|
|
- |
|
Non-cash conversions |
|
|
(267,500 |
) |
|
|
(676,750 |
) |
|
|
|
|
|
|
|
|
|
Ending Balance |
|
$ |
469,122 |
|
|
$ |
616,772 |
|
The Company issued a promissory
note in the amount of $150,000 at 8% on March 19, 2013 to a private investor. This note was extended to December 31, 2014. Currently
the extension is being negotiated until December 31, 2016. The Company used the proceeds from this note for working capital. As
of September 30, 2014 this loan has an outstanding balance of $150,000 and accrued interest in the amount of $15,575.
On January 24, 2011, the Company
entered into a series of securities purchase agreements with accredited investors pursuant to which the Company sold an aggregate
of $380,000 in 12% secured debentures. The Debentures are secured by the assets of the Company pursuant to security agreements
entered into between the Company and the investors. As of September 30, 2014 these secured debentures have an outstanding balance
of $305,000 and accrued interest in the amount of $153,548. These debentures are in default and the Company is in negotiations
with the holders for extensions.
The Company entered into two
new note agreements with a third party during the second quarter secured by the assets of the Company and common stock of the Company.
Both notes are for one year at 8% interest. The first note was issued on May 5, 2014 for $50,000 and the second note was issued
on June 2, 2014 for $40,000. Of these amounts, $23,000 was paid directly to vendors for expenses and recorded as note payable.
These notes are collateralized by assets of the Company and can be repaid by common stock of the Company when presented for payment.
The Company used the proceeds from these notes for working capital.
The Company also has two other
notes outstanding in the amounts of $7,500 and$170,000 respectively. The first note was created on February 10, 2010 in the original
amount of $20,000 and the other note was created on November 16, 2012. There was also a $20,000 note for working capital originated
on March 26, 2014 and converted into 80,000 shares of the Companys stock on August 19, 2014 for full satisfaction of the
note. The total in loans payable as of September 30, 2014 was $1,191,622 and accrued interest was $280,113.
|
X |
- References
+ Details
Name: |
us-gaap_DebtDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_DebtDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Equity
|
9 Months Ended |
Sep. 30, 2014 |
Equity [Abstract] |
|
Equity |
Note
5 Equity
Common Stock
Common shares issued for
services
During the first quarter of
2014, the Company issued 520,000 common shares for services valued at $199,945.
On July 2, 2014, the Company
issue restricted shares of common stock as follows
|
● |
Three consultants were issued 5,000 restricted common shares each valued at $1,900 for total of 15,000 common shares and stock compensation of $5,700. |
|
|
|
|
● |
100,000 shares of restricted common stock of the Company in accordance with the Addendum 1 signed and in effect on February 1, 2014 with Coast Northwest Management LLC (Coast) wherein the addendum is part of the consulting agreement signed and dated August 26, 2013 with Coast. The addendum provides for Coast to secure three agreements, (such as memorandums of understanding, letters of intent, licensing agreements, operating agreements, etc) on behalf of the Company. In exchange Coast is to receive 100,000 shares of restricted common stock of the Company. These shares were valued at $38,000. |
|
|
|
|
● |
On August 7, 2014, the Company issued restricted shares of common stock as follows: |
|
|
|
|
● |
Two consultants were issued 25,000 restricted common shares each. These shares were value at $15,000. |
Common shares issued for
services related party
In the first two quarters of
2014, the Company also issued 575,000 to directors and employees for services valued at $224,698.
On July 2, 2014, the Company
issue restricted shares of common stock as follows
|
● |
Gary M. De Laurentiis, CEO, was issued 250,000 restricted common shares valued at $95,000. |
|
|
|
|
● |
One employee was issued 25,000 restricted common shares valued at $9,500. |
|
|
|
|
● |
Lou Perches, COO, was issued 100,000 restricted common shares valued at $38,000. |
|
|
|
|
● |
One employee was issued 5,000 restricted common shares valued at $1,900. |
|
|
|
|
● |
Another employee was issued 50,000 restricted common shares valued at $19,000. |
|
|
|
|
|
On August 7, 2014, the Company issued restricted shares of common stock as follows: |
|
|
|
|
● |
Gary M. De Laurentiis, CEO, was issued 200,000 restricted common shares valued at $60,000. |
|
|
|
|
● |
Lou Perches, COO, was issued 100,000 restricted common shares valued at $30,000. |
Common shares issued for
related party debt
On April 16, 2014, the balance
of a loan in the amount of $12,287 and its accrued interest in the amount of $30,584, and $778,237 in accrued salary were satisfied
in full when the Company issued 821,108 shares of restricted common stock to its CEO.
Conversion of accounts payable
and accruals to common shares
On February 19, 2014, the Company
also issued 34,312 common shares for the settlement of accounts payable of $21,864.
In April 2014, the Company issued
700,000 common shares to settle $175,000 in accounts payable.
On July 2, 2014, the Company
issued restricted shares of common stock as follows
|
● |
a vendor received 40,500 restricted common shares to satisfy $20,250 in accounts payable. |
|
|
|
|
● |
in accordance with the consulting agreement signed with Black Pearl Management, Inc. (Black Pearl) on January 3, 2014, wherein Black Pearl will provide on an ongoing basis corporate structuring, financial evaluation and procurement of funding for multiple domestic and international sites by identifying joint venture partners and investors and assisting with negotiations on behalf of the Company, the Company issued 300,000 restricted common shares to Black Pearl by converting $75,000 of Black Pearl consulting fees at $0.25 per share. The agreement provides for Black Pearl to receive consulting fees in the amount of $25,000 a month commencing on January 3, 2014 until February 3, 2017. |
|
|
|
|
|
On August 7, 2014, the Company issued restricted shares of common stock as follows: |
|
|
|
|
● |
a vendor received 100,000 restricted common shares to satisfy $12,675 in accounts payable. |
|
|
|
|
● |
a consultant was issued 35,058 common shares to satisfy and complete a consulting agreement for $22,168. |
Loss on the accounts payable
conversion and services was $113,000.
Conversion of notes payable
to common shares
During the first quarter, the
Company issued 2,149,016 common shares for the conversion of $537,254 in notes payable.
A loss on the settlement of
notes payable $775,188 was recorded.
Exercise of warrants
In February 2014, 15,000 warrants
were issued at an exercise price of $1 per share for the settlement of $15,000 in payables to the warrant holder.
|
X |
- References
+ Details
Name: |
us-gaap_EquityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for accounts comprising shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income, and compensation-related costs for equity-based compensation. Includes, but is not limited to, disclosure of policies, compensation plan details, equity-based arrangements to obtain goods and services, deferred compensation arrangements, and employee stock purchase plan details.
+ References
+ Details
Name: |
us-gaap_ShareholdersEquityAndShareBasedPaymentsTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Subsequent Events
|
9 Months Ended |
Sep. 30, 2014 |
Subsequent Events [Abstract] |
|
Subsequent Events |
Note
6 Subsequent Events:
During the fourth quarter 2014,
the Company issued 100,000 common shares for services. The Company also issued 600,000 common shares to directors and employees
for services. The Company issued 613,750 common shares to settle some of its accounts payable. The Company issued 4,150,000 common
shares for the conversion of a portion of its notes payable. The Company also issued 650,000 five year warrants for professional
services exercisable at $0.10 per share and vesting 130,000 shares per month starting on the issuance date of October 10, 2014
and on the 10th of the month for the next four months until fully vested. The promissory note owed by the Company in
the amount of $170,000 was extended from 11/15/14 to 11/15/15. H.E. Capital extended the maturity date of the promissory note made
between the Company and H.E. Capital on 12/3/10 from 12/31/2014 to 12/31/15. On 10/15/14, the Company accepted the resignation
of Lou Perches as a director of the board and as the COO at his request.
During the fourth quarter 2014,
the Company was faced with satisfying a disputed obligation with one of its vendors by issuing 150,000 free trading shares of the
Company. The debt had not matured for the amount of time required for the obligation to receive free trading shares. In order to
satisfy the debt, the Company entered into an agreement with H. E. Capital, S.A. to convert $30,000 of its Line of Credit Note
with the Company into 150,000 free trading shares of the Company. H. E. Capital S.A. converted the required portion of its debt
from the Company into the shares needed and issued 25,000 free trading shares in December 2014 and the balance of 125,000 free
trading shares in February 2015. The Company was contingently liable for the vendor debt on December 31, 2014 and until it was
totally satisfied in February 2015.
On January 30, 2015, the Company
entered into a license agreement with Cenco Leasing Company, Inc. (Cenco) wherein the Company has given exclusive license rights
to Cenco for the states of California, Oklahoma, Kansas, Arkansas, Nebraska, Missouri, Colorado, North Dakota, South Dakota, Iowa,
New Mexico, Nevada, Utah and the entire country of Mexico. The agreement gives exclusive rights to Cenco to utilize certain technology
of the Company to design, construct, own and operate pyrolysis and refining plants in the above defined territories. The agreement
calls for Cenco over certain periods of time as detailed in the agreement to construct plants in these territories. The agreement
also calls for Cenco to pay royalties from the revenues generated from these plants. Such royalties in some states are calculated
at a three percent (3%) rate and other states at a five and one half percent (5.5%). It was also agreed that the two notes Cenco
is holding in the amount of $90,000 against the Company will be returned to the Company. Cenco would also pay the Company an additional
$25,000 as a license fee for another state.
On January 30, 2015, in conjunction
with the execution of the agreement between the Company and Cenco, the Company entered into a mutual release agreement with a former
employee who claimed to have certain technology rights of the Company. It was agreed wherein the employee would release to the
company any claim to any and all rights to certain technology concerning the pyrolysis and refining of certain materials into oil.
Included in the agreement was a provision in which the former employee would forfeit all of their accrued salary the Company was
carrying as a liability to the former employee. The Company will recognize an equity adjustment from the write off of the accrued
salary. In exchange for the forfeiture of the accrued salary, Cenco had entered into a separate agreement with the former employee
wherein the former employee would receive certain territorial rights given to Cenco.
During the first quarter of
2015, the Company entered into a consulting service agreement with a consultant, wherein the consultant will provide analysis for
and identify potential tire pyrolysis locations for future plants of the Company. The consultant will also participate in product
discussions and contribute financial models and other materials for presentation as requested. The consultant will continue to
work with the Company on product identify specifications for carbon black and oil outputs, suggest methods to increase the values
of carbon char and tire oil from Company processes and suggest methods of carbon black and oil finishing equipment solutions and
other services related to tire pyrolysis as requested. The agreement will expire on February 1, 2016 at which time the consultant
will receive as compensation 1,500,000 (one million and five hundred thousand) vested warrants for Companys stock at $0.10
a share. The warrants will be 100% vested on the day of issuance.
During the first quarter of
2015, the Company issued 65,294 common shares to settle $11,100 of accounts payable. There was no loss on the accounts payable
conversion. The Company issued warrants. The Company issued 1,500,000 five year warrants for professional services exercisable
at $0.10 per share and vesting 62,500 shares per month starting on the 1st day of the month for the next twenty-four
months following the date of issuance on January 1, 2015. The Company issued 875,170 five year warrants for professional services
exercisable at $0.08 per share and vesting 175,034 shares per month starting on the 1st day of the month for the next
five months following the date of issuance on February 20, 2015. The Company signed an addendum to this agreement on December 17,
2015 to accelerate all warrants not already vested, will be totally vested on February 1, 2016.
On May 13, 2015, the Company
and EraStar agreed to resolve the outstanding balance of $120,000 owed to EraStar by GETH for an amount of $20,000 or in the form
of $20,000 free trading shares on or before 12/30/15.
On October 1, 2015, the Company
and EraStar agreed to an amendment to the May 13, 2015 Settlement Agreement wherein 350,000 shares currently issued to EraStar
for services, GETH may cancel and reissue stock to same. GETH shall issue a total of 370,000 shares to EraStar or assigns as directed
for full consideration of contractual obligations.
On May 18, 2015, the Company
approved the Debt Assignment Agreement dated 5/18/2015 between H.E. Capital S.A. and Valuecorp Trading Company. The Company also
approved the Debt Settlement Agreement dated 5/19/2015 between the Company and Valuecorp Trading Company. The Company will issue
833,333 shares of common stock to Valuecorp Trading Company at $0.03 per share to satisfy $25,000 of the debt dated 12/3/2010.
On June 12, 2015, the Company
and Cenco Leasing Company, Inc. agreed to an extension to the performance clause in the agreement between the Company and Cenco
dated January 30, 2015 by executing an amendment to that agreement.
During the third quarter of
2015, the Company issued 1,500,000 common shares for the conversion of $45,000 in notes payable. The Company also issued 3,625,000
restricted common shares to its Director and CEO for the conversion of $145,000 of debt at $0.04 per share. The Company issued
1,233,031 common shares to settle $98,643 in accounts payable. There was no loss on the accounts payable or note conversions.
During the first quarter of
2016, the Company issued 1,500,000 warrants for Companys stock at $0.10 per share in settlement of a service agreement dated
January 1, 2015. These warrants were fully vested on the date of issuance. The Company issued 1,500,000 warrants to another consultant
for Companys stock at $0.10 per share for services rendered for the past eighteen months. These warrants fully vested on
the date of issuance.
During the first quarter of
2016, the Company issued a Note Payable to an individual in the amount of $134,000 at an interest rate of eight percent (8%) for
the amount the individual wired into the Company account. The Company did forward the same funds to a third party company for
a promissory note for the same amount at eight percent (8%). The funds are intended for the use of the third party company. The
Company intends to be a majority owner of this third party company in the future by issuing licensing agreements for the use of
its technology.
|
X |
- References
+ Details
Name: |
us-gaap_SubsequentEventsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
+ References
+ Details
Name: |
us-gaap_SubsequentEventsTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Loan Payable - Other (Tables)
|
9 Months Ended |
Sep. 30, 2014 |
Debt Disclosure [Abstract] |
|
Schedule of H E Capital Loans Activity |
A schedule of the H. E. Capital
loan activity with the Company for 2014 is as follows:
|
|
September 30, 2014 |
|
|
December 31, 2013 |
|
|
|
|
|
|
|
|
H. E. Capital S.A. transactions for 2014 |
|
|
|
|
|
|
|
|
Beginning Balance |
|
$ |
616,772 |
|
|
$ |
663,250 |
|
Proceeds |
|
|
146,850 |
|
|
|
317,000 |
|
Consulting services as an increase in note payable |
|
|
45,000 |
|
|
|
60,000 |
|
Accounts Payable assigned to note |
|
|
23,000 |
|
|
|
182,342 |
|
Joint Venture Investment paid direct |
|
|
- |
|
|
|
165,000 |
|
Company liabilities paid direct |
|
|
- |
|
|
|
5,930 |
|
Allocation Green Power Energy |
|
|
- |
|
|
|
(100,000 |
) |
Assignments |
|
|
(95,000 |
) |
|
|
- |
|
Non-cash conversions |
|
|
(267,500 |
) |
|
|
(676,750 |
) |
|
|
|
|
|
|
|
|
|
Ending Balance |
|
$ |
469,122 |
|
|
$ |
616,772 |
|
|
X |
- References
+ Details
Name: |
us-gaap_DebtDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_ScheduleOfShortTermDebtTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
X |
- DefinitionDebt converted into the free trading shares.
+ References
+ Details
Name: |
geth_DebtConvertedIntoFreeTradingShares |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDebt converted into free trading shares value.
+ References
+ Details
Name: |
geth_DebtConvertedIntoFreeTradingSharesValue |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionNumber of free trading shares issued during the period.
+ References
+ Details
Name: |
geth_NumberOfFreeTradingSharesIssuedDuringPeriod |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCarrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.15(5)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.15(a)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910
+ Details
Name: |
us-gaap_AccruedLiabilitiesCurrentAndNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571
+ Details
Name: |
us-gaap_EquityMethodInvestmentOwnershipPercentage |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_CreationDateAxis=geth_FourthQuarterTwoThousandAndFourteenMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_CreationDateAxis=geth_DecemberTwoThousandAndFourteenMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_CreationDateAxis=geth_FebruaryTwoThousandAndFifteenMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_TitleOfIndividualAxis=geth_CEOAndDirectorMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.3.1.900
Going Concern (Details Narrative) - USD ($)
|
3 Months Ended |
9 Months Ended |
|
Sep. 30, 2014 |
Sep. 30, 2013 |
Sep. 30, 2014 |
Sep. 30, 2013 |
Dec. 31, 2013 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
|
|
|
|
Net loss |
$ 705,950
|
$ 1,509,482
|
$ 2,888,089
|
$ 4,839,938
|
|
Working capital deficit |
4,713,068
|
|
4,713,068
|
|
|
Accumulated deficit |
$ 19,101,270
|
|
$ 19,101,270
|
|
$ 16,213,181
|
X |
- Definition
+ References
+ Details
Name: |
geth_WorkingCapitalDeficit |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Net Income -URI http://asc.fasb.org/extlink&oid=51831255
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.19) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.18) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.22) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913
Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Other Comprehensive Income -URI http://asc.fasb.org/extlink&oid=51831270
Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 19 -Article 5
Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 20 -Article 9
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe cumulative amount of the reporting entity's undistributed earnings or deficit.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.31(a)(3)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3
+ Details
Name: |
us-gaap_RetainedEarningsAccumulatedDeficit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
v3.3.1.900
Loan Payable - Related Party (Details Narrative) - Chief Executive Officer [Member] - USD ($)
|
|
9 Months Ended |
Apr. 16, 2014 |
Sep. 30, 2014 |
Related Party Transaction [Line Items] |
|
|
Amount of line of credit |
|
$ 1,000,000
|
Interest rate |
|
4.00%
|
Loan payable, expiration date |
|
Dec. 31, 2014
|
Loan payable |
$ 12,287
|
|
Accrued interest |
30,584
|
|
Gain from conversion into equity |
|
$ 607,620
|
Restricted Stock [Member] |
|
|
Related Party Transaction [Line Items] |
|
|
Number of common stock shares value issued for satisfied of accrued salary |
$ 778,237
|
|
Number of common stock shares issued for satisfied of accrued salary |
821,108
|
|
Shares issued price per share |
$ 1.00
|
|
Sale of stock price per share |
$ 0.26
|
|
X |
- DefinitionNumber of common stock shares issued for satisfied of accrued salary.
+ References
+ Details
Name: |
geth_NumberOfCommonStockSharesIssuedForSatisfiedOfAccruedSalary |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of common stock shares value issued for satisfied of accrued salary.
+ References
+ Details
Name: |
geth_NumberOfCommonStockSharesValueIssuedForSatisfiedOfAccruedSalary |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe difference between the carrying value and the sale price of equity securities, not separately or otherwise categorized as trading or available-for-sale. This element includes investments in which the entity holds a small ownership stake (generally, less than 20% of the shares outstanding) and cannot exert significant influence.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.13(h)) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882
+ Details
Name: |
us-gaap_GainLossOnSaleOfEquityInvestments |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionCarrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Current Liabilities -URI http://asc.fasb.org/extlink&oid=6509677
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e7018-107765
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6935-107765
+ Details
Name: |
us-gaap_InterestPayableCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionDate the credit facility terminates, in CCYY-MM-DD format.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_LineOfCreditFacilityExpirationDate1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe effective interest rate during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_LineOfCreditFacilityInterestRateDuringPeriod |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionMaximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionIncluding the current and noncurrent portions, aggregate carrying value as of the balance sheet date of loans payable (with maturities initially due after one year or beyond the operating cycle if longer).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16(a)(2)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5
+ Details
Name: |
us-gaap_LoansPayable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionPer share amount received by subsidiary or equity investee for each share of common stock issued or sold in the stock transaction.
+ References
+ Details
Name: |
us-gaap_SaleOfStockPricePerShare |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionPer share or per unit amount of equity securities issued.
+ References
+ Details
Name: |
us-gaap_SharesIssuedPricePerShare |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.3.1.900
Loan Payable - Other (Details Narrative) - USD ($)
|
|
|
|
|
3 Months Ended |
9 Months Ended |
12 Months Ended |
|
|
|
Aug. 19, 2014 |
Mar. 19, 2013 |
Jan. 24, 2011 |
Feb. 10, 2010 |
Mar. 31, 2014 |
Sep. 30, 2014 |
Sep. 30, 2013 |
Dec. 31, 2013 |
Jun. 02, 2014 |
May. 05, 2014 |
Mar. 26, 2014 |
Short-term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Proceeds from note payable |
|
|
|
|
|
$ 236,850
|
$ 384,900
|
|
|
|
|
Debt converted into shares |
|
|
|
|
2,149,016
|
|
|
|
|
|
|
Note Outstanding One [Member] |
|
|
|
|
|
|
|
|
|
|
|
Short-term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Loans accrue interest rate |
|
|
|
|
|
|
|
|
|
8.00%
|
|
Debt face amount |
|
|
|
|
|
|
|
|
|
$ 50,000
|
|
Note Outstanding Two [Member] |
|
|
|
|
|
|
|
|
|
|
|
Short-term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Loans accrue interest rate |
|
|
|
|
|
|
|
|
8.00%
|
|
|
Debt face amount |
|
|
|
|
|
|
|
|
$ 40,000
|
|
|
Other Note Outstanding One [Member] |
|
|
|
|
|
|
|
|
|
|
|
Short-term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Other note payable |
|
|
|
|
|
7,500
|
|
|
|
|
|
Other Note Outstanding Two [Member] |
|
|
|
|
|
|
|
|
|
|
|
Short-term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Other note payable |
|
|
|
|
|
170,000
|
|
|
|
|
|
Two Other Notes Outstanding [Member] |
|
|
|
|
|
|
|
|
|
|
|
Short-term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Loans payable |
|
|
|
|
|
1,191,622
|
|
|
|
|
|
Accrued interest |
|
|
|
|
|
280,113
|
|
|
|
|
|
Notes payable |
|
|
|
|
|
|
|
|
|
|
$ 20,000
|
Note original amount |
|
|
|
$ 7,500
|
|
|
|
|
|
|
|
Debt converted into shares |
80,000
|
|
|
|
|
|
|
|
|
|
|
H. E. Capital S.A [Member] |
|
|
|
|
|
|
|
|
|
|
|
Short-term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Note original amount |
|
|
|
|
|
$ 267,500
|
|
$ 676,750
|
|
|
|
H. E. Capital S.A [Member] | Unsecured Loans [Member] |
|
|
|
|
|
|
|
|
|
|
|
Short-term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Loans accrue interest rate |
|
|
|
|
|
8.00%
|
|
|
|
|
|
Debt extended due date |
|
|
|
|
|
Dec. 31, 2016
|
|
|
|
|
|
Loans payable |
|
|
|
|
|
$ 469,122
|
|
|
|
|
|
Accrued interest |
|
|
|
|
|
78,112
|
|
|
|
|
|
Financial services |
|
|
|
|
|
5,000
|
|
|
|
|
|
Due to related party |
|
|
|
|
|
45,000
|
|
|
|
|
|
Private Investor [Member] | Promissory Note [Member] |
|
|
|
|
|
|
|
|
|
|
|
Short-term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Loans accrue interest rate |
|
8.00%
|
|
|
|
|
|
|
|
|
|
Debt extended due date |
|
Dec. 31, 2014
|
|
|
|
|
|
|
|
|
|
Loans payable |
|
|
|
|
|
150,000
|
|
|
|
|
|
Accrued interest |
|
|
|
|
|
15,575
|
|
|
|
|
|
Debt face amount |
|
$ 150,000
|
|
|
|
|
|
|
|
|
|
Debt extension negotiated due date |
|
Dec. 31, 2016
|
|
|
|
|
|
|
|
|
|
Accredited Investor [Member] | Securities Purchase Agreements [Member] |
|
|
|
|
|
|
|
|
|
|
|
Short-term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Loans accrue interest rate |
|
|
12.00%
|
|
|
|
|
|
|
|
|
Accrued interest |
|
|
|
|
|
153,548
|
|
|
|
|
|
Sale of secured debentures |
|
|
$ 380,000
|
|
|
|
|
|
|
|
|
Secured debentures |
|
|
|
|
|
305,000
|
|
|
|
|
|
Vendors [Member] |
|
|
|
|
|
|
|
|
|
|
|
Short-term Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Notes payable |
|
|
|
|
|
$ 23,000
|
|
|
|
|
|
X |
- Definition
+ References
+ Details
Name: |
geth_DebtExtendedDueDate |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDebt extension negotiated due date.
+ References
+ Details
Name: |
geth_DebtExtensionNegotiatedDueDate |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe number of shares issued in exchange for the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or payments in the period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4332-108586
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586
+ Details
Name: |
us-gaap_DebtConversionConvertedInstrumentSharesIssued1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4332-108586
+ Details
Name: |
us-gaap_DebtConversionOriginalDebtAmount1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionFace (par) amount of debt instrument at time of issuance.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399
+ Details
Name: |
us-gaap_DebtInstrumentFaceAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionContractual interest rate for funds borrowed, under the debt agreement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_DebtInstrumentInterestRateStatedPercentage |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe aggregate costs incurred during the reporting period related to financial services rendered by an entity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(d)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
+ Details
Name: |
us-gaap_FinancialServicesCosts |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionCarrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Current Liabilities -URI http://asc.fasb.org/extlink&oid=6509677
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e7018-107765
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6935-107765
+ Details
Name: |
us-gaap_InterestPayableCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionIncluding the current and noncurrent portions, aggregate carrying value as of the balance sheet date of loans payable (with maturities initially due after one year or beyond the operating cycle if longer).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16(a)(2)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5
+ Details
Name: |
us-gaap_LoansPayable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionIncluding the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13, 16 -Article 9
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5
+ Details
Name: |
us-gaap_NotesPayable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionIncluding the current and noncurrent portions, the carrying value of notes payable which were initially due after one year or beyond the normal operating cycle, if longer, and which are not otherwise defined in the taxonomy.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16(a)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 22 -Article 5
+ Details
Name: |
us-gaap_OtherNotesPayable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe cash inflow from a borrowing supported by a written promise to pay an obligation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3255-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228
+ Details
Name: |
us-gaap_ProceedsFromNotesPayable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe cash inflow associated with the sale of debt securities classified as available-for-sale securities.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=49167202&loc=d3e26853-111562
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3179-108585
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Investing Activities -URI http://asc.fasb.org/extlink&oid=6516133
+ Details
Name: |
us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionCarrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5
+ Details
Name: |
us-gaap_SecuredDebt |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
+ Details
Name: |
us-gaap_ShortTermDebtLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_ShortTermDebtTypeAxis=geth_NoteOutstandingOneMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_ShortTermDebtTypeAxis=geth_NoteOutstandingTwoMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_ShortTermDebtTypeAxis=geth_OtherNoteOutstandingOneMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_ShortTermDebtTypeAxis=geth_OtherNoteOutstandingTwoMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_ShortTermDebtTypeAxis=geth_TwoOtherNotesOutstandingMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_ShortTermDebtTypeAxis=geth_UnsecuredLoansMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_ShortTermDebtTypeAxis=geth_PromissoryNoteMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_TypeOfArrangementAxis=geth_SecuritiesPurchaseAgreementsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.3.1.900
Loan Payable - Other - Schedule of H E Capital Loans (Details) - USD ($)
|
9 Months Ended |
12 Months Ended |
Sep. 30, 2014 |
Sep. 30, 2013 |
Dec. 31, 2013 |
Joint Venture Investment paid direct |
|
$ 43,000
|
|
H. E. Capital S.A [Member] |
|
|
|
Beginning Balance |
$ 616,772
|
$ 663,250
|
$ 663,250
|
Proceeds |
146,850
|
|
317,000
|
Consulting services as an increase in note payable |
45,000
|
|
60,000
|
Accounts Payable assigned to note |
$ 23,000
|
|
182,342
|
Joint Venture Investment paid direct |
|
|
165,000
|
Company liabilities paid direct |
|
|
5,930
|
Allocation Green Power Energy |
|
|
$ (100,000)
|
Assignments |
$ (95,000)
|
|
|
Non-cash conversions |
(267,500)
|
|
$ (676,750)
|
Ending Balance |
$ 469,122
|
|
$ 616,772
|
X |
- DefinitionThe amount of the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4332-108586
+ Details
Name: |
us-gaap_DebtConversionOriginalDebtAmount1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
+ Details
Name: |
us-gaap_IncreaseDecreaseInAccountsPayable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in current portion (due within one year or one business cycle) of obligations evidenced by formal promissory notes.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
+ Details
Name: |
us-gaap_IncreaseDecreaseInNotesPayableCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow associated with the investment in or advances to an entity in which the reporting entity shares control of the entity with another party or group.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3213-108585
+ Details
Name: |
us-gaap_PaymentsToAcquireInterestInJointVenture |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt.
+ References
+ Details
Name: |
us-gaap_ProceedsFromIssuanceOfDebt |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionReflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.(a),16(a)(1)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13 -Subparagraph 2, 3 -Article 9
+ Details
Name: |
us-gaap_ShortTermBorrowings |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
v3.3.1.900
Equity (Details) - USD ($)
|
|
|
|
|
|
1 Months Ended |
3 Months Ended |
Aug. 07, 2014 |
Jul. 02, 2014 |
Apr. 16, 2014 |
Feb. 19, 2014 |
Jan. 03, 2014 |
Apr. 30, 2014 |
Feb. 28, 2014 |
Jun. 30, 2014 |
Mar. 31, 2014 |
Stock issued for services, shares |
|
|
|
|
|
|
|
|
520,000
|
Stock issued for services |
|
|
|
|
|
|
|
|
$ 199,945
|
Stock issued during period for settlement of accounts payable, shares |
|
|
|
34,312
|
|
700,000
|
|
|
|
Stock issued during the period for settlement of accounts payable |
|
|
|
$ 21,864
|
|
$ 175,000
|
|
|
|
Loss on accounts payable conversion and services |
$ 113,000
|
|
|
|
|
|
|
|
|
Notes payable converted into common stock |
|
|
|
|
|
|
|
|
2,149,016
|
Amount on notes payable converted into common stock |
|
|
|
|
|
|
|
|
$ 537,254
|
Loss on settlement of notes payable |
|
|
|
|
|
|
|
|
$ 775,188
|
Number of warrants issued for settlement payables to related party |
|
|
|
|
|
|
15,000
|
|
|
Warrants exercise per share |
|
|
|
|
|
|
$ 1
|
|
|
Number of warrants issued for settlement payables to related party value |
|
|
|
|
|
|
$ 15,000
|
|
|
Chief Executive Officer [Member] |
|
|
|
|
|
|
|
|
|
Number of restricted common stock shares issued during the period |
|
|
821,108
|
|
|
|
|
|
|
Loan payable |
|
|
$ 12,287
|
|
|
|
|
|
|
Accrued interest |
|
|
30,584
|
|
|
|
|
|
|
Accrued salary |
|
|
$ 778,237
|
|
|
|
|
|
|
Three Consultants [Member] |
|
|
|
|
|
|
|
|
|
Number of restricted common stock shares issued during the period |
|
5,000
|
|
|
|
|
|
|
|
Number of restricted common stock value |
|
$ 1,900
|
|
|
|
|
|
|
|
Number of stock compensation shares issued |
|
15,000
|
|
|
|
|
|
|
|
Number of stock compensation value |
|
$ 5,700
|
|
|
|
|
|
|
|
Coast Northwest Management LLC [Member] |
|
|
|
|
|
|
|
|
|
Number of restricted common stock shares issued during the period |
|
100,000
|
|
|
|
|
|
|
|
Number of restricted common stock value |
|
$ 38,000
|
|
|
|
|
|
|
|
Two Consultants [Member] |
|
|
|
|
|
|
|
|
|
Number of restricted common stock shares issued during the period |
25,000
|
|
|
|
|
|
|
|
|
Number of restricted common stock value |
$ 15,000
|
|
|
|
|
|
|
|
|
Directors And Employees [Member] |
|
|
|
|
|
|
|
|
|
Stock issued for services, shares |
|
|
|
|
|
|
|
575,000
|
|
Stock issued for services |
|
|
|
|
|
|
|
$ 224,698
|
|
Gary M. De Laurentiis [Member] |
|
|
|
|
|
|
|
|
|
Number of restricted common stock shares issued during the period |
200,000
|
250,000
|
|
|
|
|
|
|
|
Number of restricted common stock value |
$ 60,000
|
$ 95,000
|
|
|
|
|
|
|
|
Employee [Member] |
|
|
|
|
|
|
|
|
|
Number of restricted common stock shares issued during the period |
|
25,000
|
|
|
|
|
|
|
|
Number of restricted common stock value |
|
$ 9,500
|
|
|
|
|
|
|
|
Lou Perches [Member] |
|
|
|
|
|
|
|
|
|
Number of restricted common stock shares issued during the period |
100,000
|
100,000
|
|
|
|
|
|
|
|
Number of restricted common stock value |
$ 30,000
|
$ 38,000
|
|
|
|
|
|
|
|
Employee One [Member] |
|
|
|
|
|
|
|
|
|
Number of restricted common stock shares issued during the period |
|
5,000
|
|
|
|
|
|
|
|
Number of restricted common stock value |
|
$ 1,900
|
|
|
|
|
|
|
|
Another Employee [Member] |
|
|
|
|
|
|
|
|
|
Number of restricted common stock shares issued during the period |
|
50,000
|
|
|
|
|
|
|
|
Number of restricted common stock value |
|
$ 19,000
|
|
|
|
|
|
|
|
Vendor [Member] | Restricted Stock [Member] |
|
|
|
|
|
|
|
|
|
Number of restricted common stock shares issued during the period |
|
40,500
|
|
|
|
|
|
|
|
Number of restricted common stock value |
|
$ 20,250
|
|
|
|
|
|
|
|
Stock issued during period for settlement of accounts payable, shares |
100,000
|
|
|
|
|
|
|
|
|
Stock issued during the period for settlement of accounts payable |
$ 12,675
|
|
|
|
|
|
|
|
|
Black Pearl Management, Inc [Member] |
|
|
|
|
|
|
|
|
|
Consulting fees |
|
|
|
|
$ 25,000
|
|
|
|
|
Black Pearl Management, Inc [Member] | Restricted Stock [Member] |
|
|
|
|
|
|
|
|
|
Number of common stock shares converting for consulting fees |
|
|
|
|
300,000
|
|
|
|
|
Number of common stock converting for consulting fees value |
|
|
|
|
$ 75,000
|
|
|
|
|
Shares issued price per share |
|
|
|
|
$ 0.25
|
|
|
|
|
Consultants [Member] | Consulting Agreement [Member] |
|
|
|
|
|
|
|
|
|
Stock issued for services, shares |
35,058
|
|
|
|
|
|
|
|
|
Stock issued for services |
$ 22,168
|
|
|
|
|
|
|
|
|
X |
- DefinitionLoss on settlement of notes payable.
+ References
+ Details
Name: |
geth_GainLossOnSettlementOfNotesPayable |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionLoss on accounts payable conversion and services.
+ References
+ Details
Name: |
geth_LossOnAccountsPayableConversionAndServices |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionNumber of common stock converting for consulting fees value.
+ References
+ Details
Name: |
geth_NumberOfCommonStockConvertingForConsultingFeesValue |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionNumber of common stock shares converting for consulting fees.
+ References
+ Details
Name: |
geth_NumberOfCommonStockSharesConvertingForConsultingFees |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionStock issued during period for settlement of accounts payable.
+ References
+ Details
Name: |
geth_StockIssuedDuringPeriodForSettlementOfAccountsPayable |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe value of stock issued during period for settlement of accounts payable.
+ References
+ Details
Name: |
geth_StockIssuedDuringPeriodForSettlementsOfAccountsPayableValue |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionCarrying value as of the balance sheet date of the obligations incurred through that date and payable for employees' services provided. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6911-107765
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6935-107765
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Current Liabilities -URI http://asc.fasb.org/extlink&oid=6509677
+ Details
Name: |
us-gaap_AccruedSalariesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionExercise price per share or per unit of warrants or rights outstanding.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(i)(4)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690
+ Details
Name: |
us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe value of the financial instrument(s) that the original debt is being converted into in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4332-108586
+ Details
Name: |
us-gaap_DebtConversionConvertedInstrumentAmount1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe number of shares issued in exchange for the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or payments in the period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4332-108586
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586
+ Details
Name: |
us-gaap_DebtConversionConvertedInstrumentSharesIssued1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCarrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Current Liabilities -URI http://asc.fasb.org/extlink&oid=6509677
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e7018-107765
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6935-107765
+ Details
Name: |
us-gaap_InterestPayableCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionIncluding the current and noncurrent portions, aggregate carrying value as of the balance sheet date of loans payable (with maturities initially due after one year or beyond the operating cycle if longer).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16(a)(2)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5
+ Details
Name: |
us-gaap_LoansPayable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionA fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07.2(a),(b),(c),(d)) -URI http://asc.fasb.org/extlink&oid=6488393&loc=d3e606610-122999
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 225 -Section 45 -Paragraph 3 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=6488370&loc=d3e13550-115849
+ Details
Name: |
us-gaap_ProfessionalFees |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionPer share or per unit amount of equity securities issued.
+ References
+ Details
Name: |
us-gaap_SharesIssuedPricePerShare |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of shares issued in lieu of cash for services contributed to the entity. Number of shares includes, but is not limited to, shares issued for services contributed by vendors and founders.
+ References
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesIssuedForServices |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTotal number of shares issued during the period, including shares forfeited, as a result of Restricted Stock Awards.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardGross |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionGross number of shares (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP). Shares issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans.
+ References
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensationGross |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionValue of stock issued in lieu of cash for services contributed to the entity. Value of the stock issued includes, but is not limited to, services contributed by vendors and founders.
+ References
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodValueIssuedForServices |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAggregate value of stock related to Restricted Stock Awards issued during the period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionGross value of stock (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP). Stock issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans.
+ References
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodValueShareBasedCompensationGross |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_TitleOfIndividualAxis=us-gaap_ChiefExecutiveOfficerMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_TypeOfArrangementAxis=geth_ConsultingAgreementMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.3.1.900
Subsequent Events (Details Narrative) - USD ($)
|
|
|
|
|
|
|
|
1 Months Ended |
3 Months Ended |
9 Months Ended |
|
Oct. 01, 2015 |
May. 18, 2015 |
May. 13, 2015 |
Feb. 20, 2015 |
Jan. 30, 2015 |
Oct. 10, 2014 |
Feb. 19, 2014 |
Feb. 28, 2015 |
Dec. 31, 2014 |
Apr. 30, 2014 |
Sep. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2014 |
Sep. 30, 2014 |
Jun. 30, 2014 |
Mar. 31, 2014 |
Sep. 30, 2014 |
Sep. 30, 2013 |
Feb. 28, 2014 |
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock issued for services, shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
520,000
|
|
|
|
Stock issued during period for settlement of accounts payable, shares |
|
|
|
|
|
|
34,312
|
|
|
700,000
|
|
|
|
|
|
|
|
|
|
Notes payable converted into common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,149,016
|
|
|
|
Warrants exercise per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1
|
Stock issued during the period for settlement of accounts payable |
|
|
|
|
|
|
$ 21,864
|
|
|
$ 175,000
|
|
|
|
|
|
|
|
|
|
Proceeds from note payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 236,850
|
$ 384,900
|
|
Amount on notes payable converted into common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 537,254
|
|
|
|
Directors And Employees [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock issued for services, shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
575,000
|
|
|
|
|
H. E. Capital S.A [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt converted into free trading shares value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 30,000
|
|
|
Debt converted into the free trading shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
150,000
|
|
|
Vendors [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Promissory note |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 23,000
|
|
|
$ 23,000
|
|
|
Subsequent Event [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock issued for services, shares |
|
|
|
|
|
|
|
|
|
|
|
|
100,000
|
|
|
|
|
|
|
Stock issued during period for settlement of accounts payable, shares |
|
|
|
|
|
|
|
|
|
|
1,233,031
|
65,294
|
613,750
|
|
|
|
|
|
|
Notes payable converted into common stock |
|
|
|
|
|
|
|
|
|
|
1,500,000
|
|
4,150,000
|
|
|
|
|
|
|
Number of warrants issued for professional services |
|
|
|
875,170
|
|
|
|
|
|
|
|
1,500,000
|
650,000
|
|
|
|
|
|
|
Warrants term |
|
|
|
5 years
|
|
|
|
|
|
|
|
5 years
|
5 years
|
|
|
|
|
|
|
Warrants exercise per share |
|
|
|
$ 0.08
|
|
|
|
|
$ 0.10
|
|
|
$ 0.10
|
$ 0.10
|
|
|
|
|
|
|
Number of shares vesting during the period |
|
|
|
175,034
|
|
130,000
|
|
|
|
|
|
62,500
|
|
|
|
|
|
|
|
Stock issued during the period for settlement of accounts payable |
|
|
|
|
|
|
|
|
|
|
$ 98,643
|
$ 11,100
|
|
|
|
|
|
|
|
Amount on notes payable converted into common stock |
|
|
|
|
|
|
|
|
|
|
$ 45,000
|
|
|
|
|
|
|
|
|
Subsequent Event [Member] | Service Agreement [Member] | March 31 2016 [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants exercise per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.10
|
|
|
$ 0.10
|
|
|
Number of warrants issued for settlement of common stock shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
1,500,000
|
|
|
|
|
|
Subsequent Event [Member] | Some States [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of royalties rate |
|
|
|
|
3.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Member] | Other States [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of royalties rate |
|
|
|
|
5.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Member] | Directors And Employees [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock issued for services, shares |
|
|
|
|
|
|
|
|
|
|
|
|
600,000
|
|
|
|
|
|
|
Subsequent Event [Member] | H. E. Capital S.A [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Promissory note |
|
|
|
|
|
|
|
|
$ 170,000
|
|
|
|
$ 170,000
|
|
|
|
|
|
|
Debt instrument maturity date description |
|
|
|
|
|
|
|
|
|
|
|
|
The promissory note owed by the Company in the amount of $170,000 was extended from 11/15/14 to 11/15/15. H.E. Capital extended the maturity date of the promissory note made between the Company and H.E. Capital on 12/3/10 from 12/31/2014 to 12/31/15. On 10/15/14, the Company accepted the resignation of Lou Perches as a director of the board and as the COO at his request.
|
|
|
|
|
|
|
Debt converted into free trading shares value |
|
|
|
|
|
|
|
|
|
|
|
|
$ 30,000
|
|
|
|
|
|
|
Debt converted into the free trading shares |
|
|
|
|
|
|
|
|
|
|
|
|
150,000
|
|
|
|
|
|
|
Number of free trading shares issued during the period |
|
|
|
|
|
|
|
125,000
|
25,000
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Member] | Vendors [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of free trading shares issued for satisfying a disputed obligation to related party |
|
|
|
|
|
|
|
|
|
|
|
|
150,000
|
|
|
|
|
|
|
Subsequent Event [Member] | Cenco Leasing Company, Inc [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Promissory note |
|
|
|
|
$ 90,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
License fee |
|
|
|
|
$ 25,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Member] | EraStar [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Promissory note |
|
|
$ 120,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from note payable |
|
|
20,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of free trading shares |
|
|
$ 20,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Member] | EraStar [Member] | Settlement Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock issued for services, shares |
350,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of common stock shares issued for full consideration of contractual obligations |
370,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Member] | Valuecorp Trading Company [Member] | Debt Settlement Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes payable converted into common stock |
|
833,333
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt conversion price per share |
|
$ 0.03
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount on notes payable converted into common stock |
|
$ 25,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Member] | Director And CEO [Member] | Restricted Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes payable converted into common stock |
|
|
|
|
|
|
|
|
|
|
3,625,000
|
|
|
|
|
|
|
|
|
Debt conversion price per share |
|
|
|
|
|
|
|
|
|
|
$ 0.04
|
|
|
|
|
|
|
|
|
Amount on notes payable converted into common stock |
|
|
|
|
|
|
|
|
|
|
$ 145,000
|
|
|
|
|
|
|
|
|
Subsequent Event [Member] | Consultants [Member] | March 31 2016 [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants exercise per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.10
|
|
|
$ 0.10
|
|
|
Number of warrants issued for settlement of common stock shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
1,500,000
|
|
|
|
|
|
Subsequent Event [Member] | Individual [Member] | March 31 2016 [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Promissory note |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 134,000
|
|
|
$ 134,000
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.00%
|
|
|
8.00%
|
|
|
Subsequent Event [Member] | Third Party [Member] | March 31 2016 [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.00%
|
|
|
8.00%
|
|
|
X |
- DefinitionDebt converted into the free trading shares.
+ References
+ Details
Name: |
geth_DebtConvertedIntoFreeTradingShares |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDebt converted into free trading shares value.
+ References
+ Details
Name: |
geth_DebtConvertedIntoFreeTradingSharesValue |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionNumber of common stock shares issued for full consideration of contractual obligations.
+ References
+ Details
Name: |
geth_NumberOfCommonStockSharesIssuedForFullConsiderationOfContractualObligations |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of free trading shares issued during the period.
+ References
+ Details
Name: |
geth_NumberOfFreeTradingSharesIssuedDuringPeriod |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of warrants issued for professional services,
+ References
+ Details
Name: |
geth_NumberOfWarrantsIssuedForProfessionalServices |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of warrants issued for settlement of common stock shares.
+ References
+ Details
Name: |
geth_NumberOfWarrantsIssuedForSettlementOfCommonStockShares |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionPercentage of royalties rate.
+ References
+ Details
Name: |
geth_PercentageOfRoyaltiesRate |
Namespace Prefix: |
geth_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionProceeds from issuance of free trading shares.
+ References
+ Details
Name: |
geth_ProceedsFromIssuanceOfFreeTradingShares |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionStock issued during period for settlement of accounts payable.
+ References
+ Details
Name: |
geth_StockIssuedDuringPeriodForSettlementOfAccountsPayable |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe value of stock issued during period for settlement of accounts payable.
+ References
+ Details
Name: |
geth_StockIssuedDuringPeriodForSettlementsOfAccountsPayableValue |
Namespace Prefix: |
geth_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionExercise price per share or per unit of warrants or rights outstanding.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(i)(4)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690
+ Details
Name: |
us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe value of the financial instrument(s) that the original debt is being converted into in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4332-108586
+ Details
Name: |
us-gaap_DebtConversionConvertedInstrumentAmount1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe number of shares issued in exchange for the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or payments in the period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4332-108586
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586
+ Details
Name: |
us-gaap_DebtConversionConvertedInstrumentSharesIssued1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe price per share of the conversion feature embedded in the debt instrument.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 5 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6928298&loc=SL6031898-161870
+ Details
Name: |
us-gaap_DebtInstrumentConvertibleConversionPrice1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionContractual interest rate for funds borrowed, under the debt agreement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_DebtInstrumentInterestRateStatedPercentage |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionDescription of the maturity date of the debt instrument including whether the debt matures serially and, if so, a brief description of the serial maturities.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(2)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_DebtInstrumentMaturityDateDescription |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCosts incurred and are directly related to generating license revenue. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(e)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
+ Details
Name: |
us-gaap_LicenseCosts |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionIncluding the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13, 16 -Article 9
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5
+ Details
Name: |
us-gaap_NotesPayable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe cash inflow from a borrowing supported by a written promise to pay an obligation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3255-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228
+ Details
Name: |
us-gaap_ProceedsFromNotesPayable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionNumber of shares for which recognition of compensation cost was accelerated.
+ References
+ Details
Name: |
us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAcceleratedVestingNumber |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of shares issued in lieu of cash for services contributed to the entity. Number of shares includes, but is not limited to, shares issued for services contributed by vendors and founders.
+ References
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesIssuedForServices |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDetail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event.
+ References
+ Details
Name: |
us-gaap_SubsequentEventLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_TypeOfArrangementAxis=geth_ServiceAgreementMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_CreationDateAxis=geth_MarchThirtyOneTwoThousandAndSixteenMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementGeographicalAxis=geth_SomeStatesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementGeographicalAxis=geth_OtherStatesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_TypeOfArrangementAxis=geth_SettlementAgreementMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_TypeOfArrangementAxis=geth_DebtSettlementAgreementMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
Green Envirotech (CE) (USOTC:GETH)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Green Envirotech (CE) (USOTC:GETH)
Historical Stock Chart
Von Jul 2023 bis Jul 2024