Power of The Dream Ventures Inc

CIK:0001377888|SEC Filings

Consolidated Statement Of Operations - USD ($)	3 Months Ended		9 Months Ended
Consolidated Statement Of Operations - USD ($)	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Net Sales
Cost of Sales
Gross margin
Material expenses	$ 1,024	$ 5,444	$ 16,767	$ 23,892
General administration	$ 8,203	$ 320,912	$ 171,007	$ 716,524
Research and development
Personnel expenses	$ 5,048	$ 19,023	$ 24,842	$ 63,436
Depreciation and amortization	$ 14,099	20,338	$ 46,888	76,771
Grants received		(5,697)		29,162
Other expenses, net	$ 3,978	(109,039)	$ 16,156	(128,877)
Operating expenses	24,396	480,453	243,348	980,338
Profit (Loss) from operations	(24,396)	(480,453)	(243,348)	(980,338)
Interest expense and exchange differences	125,051	121,370	335,164	367,381
Profit (Loss) before income taxes	$ (149,447)	$ (601,823)	$ (578,512)	$ (1,347,719)
Income taxes
Net profit (loss)	$ (149,447)	$ (601,823)	$ (578,512)	$ (1,347,719)
Other comprehensive income	(28,130)	161,682	130,751	275,218
Total comprehensive income	$ (177,577)	$ (440,141)	$ (447,761)	$ (1,072,501)
Basic loss per share	$ 0.00	$ (0.01)	$ 0.00	$ (0.02)
Diluted loss per share	$ 0.00	$ (0.01)	$ 0.00	$ (0.02)
Weighted average number of shares outstanding - Basic	47,900,896	45,500,896	47,597,599	46,500,896
Weighted average number of shares outstanding - Diluted	47,900,896	45,500,896	47,597,599	46,500,896

Consolidated Statement Of Cash Flows - USD ($)	9 Months Ended
Consolidated Statement Of Cash Flows - USD ($)	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net profit (loss)	$ (578,512)	$ (1,347,719)
Adjustments to reconcile net loss to net cash used in operating activities:
Impairment of intangibles
Issue of shares for services	$ 39,600
Issue of shares for research and development
Change in value of liability from warrant	$ (51,706)	$ 80,741
Reversal of grant accrual
Depreciation and amortization	$ 46,888	$ 76,771
Total adjustments to reconcile net income loss to cash provided by operating activities before changes in operating assets and liabilities	(543,730)	(1,190,207)
Changes in operating assets and liabilities:
(Increase) Decrease in other current assets	(21,925)	(52,455)
(Decrease) Increase in accounts payable and accrued liabilities	398,730	165,128
Net cash used in operating activities	$ (123,075)	$ (972,624)
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of fixed assets
Purchase of fixed assets
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from stockholders
Proceeds from sale of preferred stock	$ 50,000	$ 677,949
Proceeds from sale of common stock
Proceeds from related party loans	$ 58,179	$ 59,178
Proceeds from issuance of notes		154,000
Net cash from financing activities	$ (8,179)	772,771
Effect of exchange rate changes on cash	130,751	275,218
Net (decrease) increase in cash	(503)	75,365
Cash at beginning of period	1,524	22,922
Cash at end of period	1,021	$ 98,287
Non-cash investing and financing transactions
Issuance of shares for services	$ 39,600
Issuance of shares for liabilities assumed under reverse merger
Issuance of stock based compensation shares
Purchase of fixed assets through the assumption of capital lease obligations
Cash paid for: Interest
Cash paid for: Taxes

Consolidated Balance Sheet - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current Assets
Cash	$ 1,021	$ 1,524
Other receivables	60,441	81,048
Inventories	17,507	18,825
Total Current Assets	78,969	101,397
Intangibles	286,151	315,327
Fixed assets, net	66,245	92,043
Total Assets	431,365	508,767
Current Liabilities
Accounts payable and accrued and other liabilities	4,946,447	4,465,149
Grants received	(1,088,581)	(1,170,492)
Capital leases payable, current portion	44,070	50,622
Short term loans from related parties	85,866	144,045
Liability from warrants	11,932	63,638
Note payable	330,964	330,964
Short term loans	2,300,929	2,304,120
Total Current Liabilities	8,808,789	8,529,030
Stockholders' Equity
Preferred stock, $0.001 par value, 10,000,000 shares authorized,5,990,000 and 5,920,000 issued of which Series "A", of which Series "B", of which Series "C", of which Series "D", of which Series "E"	5,990	5,920
Common stock, $.001 par value;100,000,000 shares authorized, 47,900,896 and 46,700,896 shares issued and outstanding	47,901	46,701
Additional Paid-In Capital	36,335,444	36,246,114
Deficit accumulated during development stage	(45,433,292)	(44,854,780)
Other Comprehensive Income	666,533	535,782
Total Stockholders' Equity	(8,377,424)	(8,020,263)
Total liabilities and stockholders' equity	431,365	508,767
Series A Preferred Stock [Member]
Stockholders' Equity
Preferred stock, $0.001 par value, 10,000,000 shares authorized,5,990,000 and 5,920,000 issued of which Series "A", of which Series "B", of which Series "C", of which Series "D", of which Series "E"	2,000	2,000
Total Stockholders' Equity	2,000	2,000
Total liabilities and stockholders' equity	2,000	2,000
Series B Preferred Stock [Member]
Stockholders' Equity
Preferred stock, $0.001 par value, 10,000,000 shares authorized,5,990,000 and 5,920,000 issued of which Series "A", of which Series "B", of which Series "C", of which Series "D", of which Series "E"	1,000	1,000
Total Stockholders' Equity	1,000	1,000
Total liabilities and stockholders' equity	1,000	1,000
Series C Preferred Stock [Member]
Stockholders' Equity
Preferred stock, $0.001 par value, 10,000,000 shares authorized,5,990,000 and 5,920,000 issued of which Series "A", of which Series "B", of which Series "C", of which Series "D", of which Series "E"	1,000	1,000
Total Stockholders' Equity	1,000	1,000
Total liabilities and stockholders' equity	1,000	1,000
Series D Preferred Stock [Member]
Stockholders' Equity
Preferred stock, $0.001 par value, 10,000,000 shares authorized,5,990,000 and 5,920,000 issued of which Series "A", of which Series "B", of which Series "C", of which Series "D", of which Series "E"	1,000	1,000
Total Stockholders' Equity	1,000	1,000
Total liabilities and stockholders' equity	1,000	1,000
Series E Preferred Stock [Member]
Stockholders' Equity
Preferred stock, $0.001 par value, 10,000,000 shares authorized,5,990,000 and 5,920,000 issued of which Series "A", of which Series "B", of which Series "C", of which Series "D", of which Series "E"	990	920
Total Stockholders' Equity	990	920
Total liabilities and stockholders' equity	$ 990	$ 920