10-Q

UNITED STATES

SECURITY AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(MARK ONE)

þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2014

or

o TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________ to _________

Commission File Number: 1-11248

GREEN TECHNOLOGY SOLUTIONS, INC.

(Exact name of registrant as specified in its charter)

Delaware	84-0938688
(State or other jurisdiction of Incorporation or organization)	(I.R.S. Employer Identification Number)
2880 Zanker Road, Suite 203 San Jose, CA	95134
(Address of principal executive offices)	(Zip code)

Registrant’s telephone number, including area code: (408) 432-7285

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 þ  No o

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 þ  No o

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	o	Accelerated filer	o
Non-accelerated filer	o	Smaller reporting company	þ
(Do not check is 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 o  No þ

As of May 21, 2014, the registrant had 68,425,966 shares of common stock are issued and outstanding.

TABLE OF CONTENTS

PART I — FINANCIAL INFORMATION	4
Item 1. Consolidated Financial Statements	4
Consolidated Balance Sheets (Unaudited)	4
Consolidated Statements of Operations (Unaudited)	5
Consolidated Statement of Stockholders’ Deficit (Unaudited)	6
Consolidated Statements of Cash Flows (Unaudited)	7
Notes to the Unaudited Consolidated Financial Statements	8
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	12
Item 3. Quantitative and Qualitative Disclosures about Market Risk	15
Item 4. Controls and Procedures	15
PART II — OTHER INFORMATION	16
Item 1. Legal Proceedings	16
Item 1A. Risk Factors	16
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	16
Item 3. Defaults upon Senior Securities	16
Item 4. Mine Safety Disclosures	16
Item 5. Other Information	16
Item 6. Exhibits	17

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Certain statements in this report contain or may contain forward-looking statements. These statements, identified by words such as “plan”, “anticipate”, “believe”, “estimate”, “should”, “expect” and similar expressions include our expectations and objectives regarding our future financial position, operating results and business strategy. These statements are subject to known and unknown risks, uncertainties and other factors, which may cause actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward - looking statements. These forward-looking statements were based on various factors and were derived utilizing numerous assumptions and other factors that could cause our actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to, our ability to secure suitable financing to continue with our existing business or change our business and conclude a merger, acquisition or combination with a business prospect, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors. Most of these factors are difficult to predict accurately and are generally beyond our control. You should consider the areas of risk described in connection with any forward-looking statements that may be made herein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. Readers should carefully review this report in its entirety, including but not limited to our financial statements and the notes thereto and the risks described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2013. We advise you to carefully review the reports and documents we file from time to time with the Securities and Exchange Commission (the “SEC”), particularly our quarterly reports on Form 10-Q and our current reports on Form 8-K. Except for our ongoing obligations to disclose material information under the Federal securities laws, we undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events.

OTHER PERTINENT INFORMATION

When used in this report, the terms, “we,” the “Company,” “our,” and “us” refers to Green Technology Solutions, Inc., a Delaware corporation.

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PART I — FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

GREEN TECHNOLOGY SOLUTIONS, INC.

CONSOLIDATED BALANCE SHEETS

 (UNAUDITED)

	March 31, 2014			December 31, 2013
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	26,286		$	4,198
Total current assets		26,286			4,198
TOTAL ASSETS	$	26,286		$	4,198
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	150,286		$	123,000
Advances payable		101,886			31,250
Current portion of convertible notes payable		17,985			—
Current portion of accrued interest payable		18,174			—
Total current liabilities		288,331			154,250
Convertible notes payable, net of discount of $379,436 and $442,118, respectively.		77,264			81,958
Accrued interest payable		18,057			34,823
TOTAL LIABILITIES		383,652			271,031
COMMITMENTS AND CONTINGENCIES		—			—
STOCKHOLDERS’ DEFICIT
Preferred Stock, $0.001 par value; 2,500,000 shares authorized; no shares issued and outstanding as of March 31, 2014 and December 31, 2013		—			—
Common Stock, $0.001 par value; 100,000,000 shares authorized; 68,425,966 shares and 62,425,966 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively.		68,426			62,426
Additional paid-in capital		11,341,482			10,985,945
Common stock payable		35,000			5,000
Accumulate deficit		(7,113,753	)		(7,113,753	)
Deficit accumulated during the development stage		(4,688,521	)		(4,206,451	)
Total stockholders’ deficit		(357,366	)		(266,833	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	26,286		$	4,198

The accompany notes are an integral part of these unaudited consolidated financial statements.

4

GREEN TECHNOLOGY SOLUTIONS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

 (UNAUDITED)

	Three months ended March 31,						For the period from June 12, 2010 (date reentered development stage) through March 31,
	2014			2013			2014
OPERATING EXPENSES
General and administrative expenses		405,834			76,517			2,415,392
LOSS FROM OPERATIONS		(405,834	)		(76,517	)		(2,415,392	)
OTHER INCOME (EXPENSE)
Interest expense		(76,236	)		(119,310	)		(1,943,129	)
Impairment on investment		—			—			(330,000	)
Total Other Income (Expense)		(76,236	)		(119,310	)		(2,273,129	)
NET LOSS	$	(482,070	)		(195,827	)		(4,688,521	)
NET LOSS PER COMMON SHARE  –  Basic and fully diluted	$	(0.01	)		(0.01	)
COMMON SHARES OUTSTANDING – Basic and fully diluted		66,848,188			37,672,243

The accompany notes are an integral part of these unaudited consolidated financial statements.

5

GREEN TECHNOLOGY SOLUTIONS, INC.

CONSOLIDATED STATEMENT OF STOCKHOLDERS’ DEFICIT

 (UNAUDITED)

	Common stock				Additional paid in			Common stock		Accumulated			Deficit accumulated during the development
	Shares		Amount		capital			payable		deficit			stage			Total
BALANCE, June 12, 2010		395	$	—	$	6,650,413		$	—	$	(7,113,753	)	$	—		$	(463,340	)
Correction in number of shares outstanding		1		—		—			—		—			—			—
Issuance of shares for conversion of note payable		50		—		30,000			—		—			—			30,000
Issuance of shares for conversion of note payable		66,667		67		199,933			—		—			—			200,000
Imputed interest expense		—		—		25,808			—		—			—			25,808
Net loss		—		—		—			—		—			(685,610	)		(685,610	)
BALANCE, December 31, 2010		67,113	$	67	$	6,906,154		$	—	$	—		$	(685,610	)	$	(893,142	)
Issuance of shares for conversion of notes payable		70,000		70		209,930			—		—			—			210,000
Issuance of shares for consulting services		5,000		5		209,995			—		—			—			210,000
Share rounding on reverse split		3		—		—			—		—			—			—
Discount on convertible note payable		—		—		1,179,356			—		—			—			1,179,356
Imputed interest expense		—		—		84,126			—		—			—			84,126
Net loss		—		—		—			—		—			(1,193,838	)		(1,193,838	)
BALANCE, December 31, 2011		142,116	$	142	$	8,589,561		$	—	$	(7,113,753	)	$	(1,879,448	)	$	(403,498	)
Issuance of shares for conversion of notes payable		34,056,100		34,057		987,626			—		—			—			1,021,683
Share rounding on reverse split		4,478		4		(4	)		—		—			—			—
Discount on convertible note payable		—		—		251,468			—		—			—			—
Imputed interest expense		—		—		40,077			—		—			—			—
Common stock payable on investment		—		—		—			5,000		—			—			—
Net loss		—		—		—			—		—			(1,417,312	)		(1,417,312	)
BALANCE, December 31, 2012		34,202,694	$	34,203	$	9,868,728		$	5,000	$	(7,113,753	)	$	(3,296,760	)	$	(502,582	)
Issuance of shares for conversion of notes payable		28,223,272		28,223		517,212			—		—			—			545,435
Discount on convertible notes payable		—		—		575,958			—		—			—			575,958
Imputed interest expense		—		—		24,047			—		—			—			24,047
Net loss		—		—		—			—		—			(909,691	)		(909,691	)
BALANCE, December 31, 2013		62,425,966	$	62,426	$	10,985,945		$	5,000	$	(7,113,753	)	$	(4,206,451	)	$	(266,833	)
Cash received for stock payable		—		—		300,000			30,000		—			—			330,000
Issuance of shares for conversion of notes payable		6,000,000		6,000		54,000			—		—			—			60,000
Imputed interest expense		—		—		1,537			—		—			—			1,537
Net Loss		—		—		—			—		—			(482,070	)		(482,070	)
BALANCE, March 31, 2014		68,425,966	$	68,426	$	11,341,482		$	35,000	$	(7,113,753	)	$	(4,688,521	)	$	(357,366	)

On November 19, 2010, the Company effected a one-for-200 reverse stock split. On January 21, 2012, the Company effected a one-for-300 reverse stock split. All share and per share numbers have been restated to reflect the reverse split.

The accompany notes are an integral part of these unaudited consolidated financial statements.

6

GREEN TECHNOLOGY SOLUTIONS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

 (UNAUDITED)

	Three months ended March 31,						For the period from June 12, 2010 (date reentered development stage) through March 31,
	2014			2013			2014
CASH FLOW FROM OPERATING ACTIVITIES:
Net Loss	$	(482,070	)	$	(195,827	)	$	(4,688,521	)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of discount on convertible note payable		62,682			103,102			1,627,346
Imputed interest expense		1,537			7,168			175,595
Impairment of investment in joint venture		—			—			330,000
Common stock issued for services and stock compensation		300,000			—			510,000
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities		27,286			33,015			165,804
Accrued interest payable		12,017			9,040			87,394
NET CASH USED IN OPERATING ACTIVITIES		(78,548	)		(43,502	)		(1,792,382	)
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in joint venture		—			—			(320,000	)
NET CASH USED IN INVESTING ACTIVITIES		—			—			(320,000	)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash received for stock payable		30,000			—			30,000
Proceeds from advances		70,636			53,600			2,108,668
NET CASH PROVIDED BY FINANCING ACTIVITIES		100,636			53,600			2,138,668
NET INCREASE (DECREASE) IN CASH		22,088			10,098			26,286
CASH, at the beginning of the period		4,198			872			―
CASH, at the end of the period	$	26,286		$	10,970		$	26,286
Supplemental Disclosures of Cash Flow Information:
Cash paid during the period for:
Interest	$	—		$	—		$	—
Taxes	$	—		$	—		$	—
Noncash investing and financing transaction:
Refinance of advances into convertible notes payable	$	—		$	—		$	2,427,498
Beneficial conversion on convertible note payable	$	—		$	—		$	—
Conversion of convertible notes payable.	$	60,000		$	931,683		$	2,007,885
Common stock issued for services	$	—			—			210,000

The accompany notes are an integral part of these unaudited consolidated financial statements.

7

GREEN TECHNOLOGY SOLUTIONS, INC.

NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

Note 1. General Organization and Business

Company History

Green Technology Solutions, Inc. (“GTSO”, “we”, “us”, “our” or the “Company”) was incorporated as XCL Sunrise, Inc. in the State of Delaware on April 1, 1991. We changed our name to Sunrise Energy Resources, Inc. on November 1, 2004. On October 26, 2010, we changed our name to Green Technology Solutions, Inc.

On September 20, 2012, GTSO formed two subsidiaries, which may be used to hold GTSO’s urban and traditional mining operations. The new subsidiaries are GTSO Urban Mining LLC and GTSO Resources LLC.

GTSO is in the business of identifying and acquiring rights in early stage, breakthrough green technologies, with the plan to develop these technologies into marketable products. To date, we have identified the following market segments: (1) the advancement of cleaner worldwide mining technologies, with an emphasis on rare earth and precious metals mining applications, (2) the development of additional markets for environmentally friendly methods of recovering minerals from electronic waste and (3) smart grid technology. Our mission is to focus our resources on discovering the best available new innovative technologies and processes in this industry space and we intend to work with young companies and inventors to deliver innovation in the real world.

In addition to the foregoing, we plan to focus our resources on successfully identifying new green technologies that have greatest potential to produce near term profits. Due to our limited management and employees, we expect to continue to form strategic joint venture relationships with early stage development technology companies whose goals and objectives are similar to ours. Moreover, we anticipate continued use of and reliance upon industry consultants who have the knowledge and expertise in the areas of our existing and future business ventures. We have located our new offices in the Silicon Valley city of Palo Alto, California, which management believes may increase access to cutting edge technologies.

Note 2. Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As of March 31, 2014, the Company has generated net losses since it reentered the development period of $4,688,521. As shown in the financial statements, the Company incurred a net loss of $482,070 during the three months ended March 31, 2014. The company had negative working capital of $262,045 as of March 31, 2014.

In view of the matter described in the preceding paragraph, recoverability of a major portion of the recorded asset amounts shown in the accompanying balance sheet is dependent upon continued operations of the Company, which in turn is dependent upon the Company’s ability to meet its financing requirements on a continuing basis by raising additional funds through debt or equity financing. The Company expects to satisfy its cash requirements by obtaining additional loans; however, there is no assurance that additional capital will be available to the Company when needed and on acceptable terms. The 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 be necessary should the Company be unable to continue in existence.

Note 3. Presentation of Financial Statements and Summary of Significant Accounting Policies

Interim Financial Statements

The accompanying these unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. These financial statements should be read in conjunction with the financial statements for the fiscal year ended December 31, 2013 and notes thereto and other pertinent information contained in our Form 10-K the Company has filed with the Securities and Exchange Commission (the “SEC”).

The results of operations for the three month period ended March 31, 2014 are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, 2014.

8

Basis of Presentation

The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the SEC. The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States. See Note 2 regarding the assumption that the Company is a going concern.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

For the purpose of the financial statements, cash equivalents include all highly liquid investments with maturity of three months or less. Cash and cash equivalents were $26,286 and $4,198 at March 31, 2014 and December 31, 2013, respectively.

Revenue Recognition

The Company is not currently generating revenue. However, revenue generated in the future will be recognized according to ASC 605, Revenue Recognition. The Company recognizes revenue when persuasive evidence of an arrangement exists, product delivery has occurred or the services have been rendered, the price is fixed or determinable and collectability is reasonably assured.

Earnings (Loss) per Common Share

The Company computes basic and diluted earnings per common share amounts in accordance with ASC Topic 260, Earnings per Share. The basic earnings (loss) per common share are calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares outstanding during the year. The diluted earnings (loss) per common share are calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted as of the first of the year for any potentially dilutive debt or equity. There are no dilutive shares outstanding for any periods reported.

Income Taxes

The Company accounts for income taxes under ASC 740 Income Taxes. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized as of March 31, 2014 or December 31, 2013

Financial Instruments

The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period between the origination of these instruments and their expected realization.

9

FASB Accounting Standards Codification (ASC) 820 Fair Value Measurements and Disclosures (ASC 820) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3 - Inputs that are both significant to the fair value measurement and unobservable.

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 31, 2014. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, other current assets, accounts payable, and accrued expenses. The fair value of the Company’s notes payable is estimated based on current rates that would be available for debt of similar terms that is not significantly different from its stated value.

Recently Issued Accounting Pronouncements

We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

Note 4. Advances

The Company has received working capital advances in the amount of $70,636 during the three months ended of March 31, 2014. The total advances outstanding as of March 31, 2014 was $101,886, which included advances made in prior reporting periods. These advances are non-interest bearing and payable upon demand. The Company had imputed interest on these advances in the amount $1,537 during the three months ended of March 31, 2014. The imputed interest was recording as an increase in additional paid in capital.

Note 5. Convertible Notes Payable

Convertible notes payable consist of the following as of March 31, 2014 and December 31, 2013:

	March 31, 2014			December 31, 2013
Convertible note payable, dated April 1, 2010, bearing interest at 10% per annum, matured on March 31, 2013 and convertible into shares of common stock at $0.01 per share	$	11,888		$	11,598
Convertible note payable, dated May 15, 2010, bearing interest at 10% per annum, matured on March 31, 2013 and convertible into shares of common stock at $0.01 per share		6,096			5,947
Convertible note payable, dated October 31, 2012, bearing interest at 10% per annum, matures on April 30, 2014 and convertible into shares of common stock at $0.02		1,423			1,423
Convertible note payable, dated April 1, 2013, bearing interest at 10% per annum, matures on March 31, 2015 and convertible into shares of common stock at $0.01		5,999			25,613
Convertible note payable, dated June 30, 2013, bearing interest at 10% per annum, matures on June 30, 2015 and convertible into shares of common stock at $0.01		136,969			167,185
Convertible note payable, dated September 30, 2013, bearing interest at 10% per annum, matures on September 30, 2015 and convertible into shares of common stock at $0.01		312,310			312,310
Total convertible notes payable and accrued interest		474,685			524,076
Less: current portion of convertible notes payable		(17,985	)		—
Less: discount on noncurrent convertible notes payable		(379,436	)		(442,118	)
Convertible notes payable, net of discount	$	77,264		$	81,958

The holders of the $167,185 convertible note payable signed on June 30, 2013 elected to convert principal and interest as follows:

Date	Principal & Interest Converted		Common Stock Issued upon Conversion
January 27, 2014	$	20,000		2,000,000
January 30, 2014		20,000		2,000,000
Total	$	40,000		4,000,000

The unamortized discount related to this principal was $21,399. This amount was immediately amortized to interest expense. The converted principal and interest of $40,000 was recognized as in increase in stockholders’ equity as a result of this conversion. There was no gain or loss on the conversion, as it was effected in accordance with the terms of the convertible note payable.

10

The holders of the $96,463 convertible note payable signed on April 1, 2013 elected to convert principal and interest as follows:

Date	Principal & Interest Converted		Common Stock Issued upon Conversion
January 14, 2013		20,000		2,000,000
Total	$	20,000		2,000,000

The unamortized discount related to this principal was $10,450. This amount was immediately amortized to interest expense. The converted principal and interest of $20,000 was recognized as in increase in stockholders’ equity as a result of this conversion. There was no gain or loss on the conversion, as it was effected in accordance with the terms of the convertible note payable.

Note 6. Stockholders’ Equity

Conversion of Convertible Debt into Equity

During the three months ended March 31, 2014, the holders of are convertible debt elected to convert principal and interest into common shares.

Date	Principal & Interest Converted		Common Stock Issued upon Conversion
January 27, 2014	$	20,000		2,000,000
January 27, 2014		20,000		2,000,000
January 30, 2014		20,000		2,000,000
Total	$	60,000		6,000,000

Issuance of Common Stock for Cash

On February 6, 2014, the Company received a stock purchase agreement from Eastern Rim Funds Inc., a significant shareholder of the Company, to purchase 30,000,000 shares of common stock of the Company for $30,000 in cash. The Company also received a cash payment of $30,000. These shares have not yet been approved for issuance by the board of directors of the Company and the shares have not been issued. The par value of the common stock is included in stock payable on the balance sheet as of March 31, 2014

When the shares have been issued, this issuance of shares will result in Eastern Rim Funds Inc. holding a total of 52,056,100 shares of the Company’s common stock. This would represent approximately 53% of the outstanding stock of the Company after the issuance.

The Company recorded stock compensation expense in the amount of $300,000 which represented the difference in the fair market value of the common stock as of February 6, 2014 and the price paid by Eastern Rim Funds Inc.

Imputed Interest

The Company has imputed interest on advances in the amount of $1,537 for the three months ended March 31, 2014. The imputed interest was recorded as an increase in additional paid-in capital.

Net Loss

The company recorded a net loss of $482,070 for the three months ended March 31, 2014. This is reflected in loss accumulated during the development period.

Note 7. Subsequent Events

On May 13, 2014, Paul Watson, Director, Chief Executive Officer (“CEO”) and Secretary of the Company, resigned from all positions held with the Company, including as a director of the Company. Also on May 13, 2014, the Company appointed Wallace Browne as director, CEO and president to replace Mr. Watson.

11

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Overview

Green Technology Solutions, Inc. (“GTSO”, “we”, “us”, “our” or the “Company”) was incorporated as XCL Sunrise, Inc. in the State of Delaware on April 1, 1991. We changed our name to Sunrise Energy Resources, Inc. on November 1, 2004. On October 26, 2010, we changed our name to Green Technology Solutions, Inc.

On September 20, 2012, GTSO formed two subsidiaries, which may be used to hold GTSO’s urban and traditional mining operations. The new subsidiaries are GTSO Urban Mining LLC and GTSO Resources LLC.

GTSO is in the business of identifying and acquiring rights in early stage, breakthrough green technologies, with the plan to develop these technologies into marketable products. To date, we have identified the following market segments: (1) the advancement of cleaner worldwide mining technologies, with an emphasis on rare earth and precious metals mining applications, (2) the development of additional markets for environmentally friendly methods of recovering minerals from electronic waste and (3) smart grid technology. Our mission is to focus our resources on discovering the best available new innovative technologies and processes in this industry space and we intend to work with young companies and inventors to deliver innovation in the real world.

In addition to the foregoing, we plan to focus our resources on successfully identifying new green technologies that have greatest potential to produce near term profits. Due to our limited management and employees, we expect to continue to form strategic joint venture relationships with early stage development technology companies whose goals and objectives are similar to ours. Moreover, we anticipate continued use of and reliance upon industry consultants who have the knowledge and expertise in the areas of our existing and future business ventures. We have located our new offices in the Silicon Valley city of Palo Alto, California, which management believes may increase access to cutting edge technologies.

Plan of Operations

We are currently identifying possible early stage companies and technology across a range of green technologies and environmentally friendly practices for the purpose of acquiring rights to them, joint venture partnerships and developing them into marketable products. We have already identified several potential new technology endeavors and management is studying these endeavors for their potential inclusion into our development process.

On June 8, 2012, we signed a joint venture agreement with Diamond V Associates, Inc. to fund the research, planning, and development of tungsten and other rare earths and precious metals in North America and Africa. According to the agreement, all profits, losses and other allocations to the joint venture shall be allocated as follows at the conclusion of each fiscal year on a 50:50 basis between GTSO and Diamond V Associates. We will contribute $2,000 per month to the joint venture for working capital for the joint venture’s operations. GTSO reserves the right to reduce or increase this contribution based on performance by Diamond V Associates. If we determine that additional funding is required after projects are identified, we will negotiate the amount of any contribution that we would make with Diamond V Associates. GTSO paid $10,000 during the year as working capital. As of December 31, 2012, Management determined that it was necessary to write off the intangible asset related to this joint venture agreement due to the fact the joint venture will need to raise significant additional capital in order to fully realize the value of our claims in the joint venture.

On July 10, 2012, we signed a letter of intent regarding the potential acquisition of Global Cell Buyers, LLC. The letter of intent provides us with 90 days to perform due diligence and negotiate a final purchase price. Global Cell Buyers, LLC is a development stage business that plans to buy, sell, and recycle cell phones.

On July 24, 2012, we entered into letter of intent CCI Capital SPA with offices in Santiago, Chile to explore acquisition opportunities in Latin America with a focus on urban mining and waste to energy projects. On September 5, 2012, this was expanded into a one year consulting agreement to explore acquisition opportunities in Latin America and Canada where CCI Capital SPA has active offices in Chile and Canada. GTSO pays CCI Capital $2,000 per month as a retainer for nominal consulting, negotiation and market research studies in the pursuit of an acquisition focused on urban mining and waste to energy projects.

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On October 30 2012, we entered into a purchase agreement with Global Cell Buyers, LLC regarding the acquisition of existing methods, brand name, and current operating plans. Global Cell Buyers was acquired by GTSO for the purchase price of $10,000 payable in cash and common stock. The purpose of this acquisition is to expand recycling and urban mining operations from cell phones to other electronic waste for the purpose of mineral and other reusable metal and plastic recovery. GTSO also plans to expand the brand name of Global Cell Buyers leveraging its parent operations Green Technology Solutions, Inc. On November 14, 2012, GTSO rebranded Global Cell Buyers under the name “Global Urban Mining” to build and expand its e-recycling platform within the United States and eventual global expansion plans.

The purchase price was allocated entirely to intangible assets related to the Global Cell Buyers’ infrastructure plans related to mineral recovery from cell phone waste. Global Cell Buyers had no other tangible assets or liabilities. As of December 31, 2012, Management determined that it was necessary to write off the intangible asset related to this acquisition because Global Cell Buyers was in the early development stages and did not have adequate operating history to support retaining the intangible asset on the consolidated balance sheet.

On March 4, 2013, we entered into a letter of intent with Sociedad de Reciclaje de Materiales Metalicos, Electrico, Electronicos y Plasticas Limitada (“Chilerecicla”) to explore opportunities with Latin America electronic waste recyclers for the purpose of recovering precious metals, minerals, and waste to energy possibilities. Chilerecicla is based near Santiago, Chile with significant operations across the country and surrounding regions.

 On June 6, 2013 GTSO and Chilerecicla signed a joint venture agreement to evaluate, explore and determine the feasibility of a waste management collection, processing and sales operation wherein GTSO will contribute funding and the initial development of a project to acquire electronics and plastic waste for the purpose of selling metals and plastics reuse while Chilerecicla manages the Latin America operations. Under the terms of the agreement, GTSO commits to fund a minimum of $2,500 of the cash flow requirements of the start-up phase of the operations. Chilerecicla agrees to reserve 30% of the gross proceeds of the business for repayment of the initial contribution. At the end of the start-up phase, Chilerecicla will provide GTSO with a detailed timeline, budget, and operational plan for further development. Both parties will have 60 days to agree on an appropriate funding strategy for the next phase. GTSO will have no obligation to continue funding the business.

On September 1, 2013, GTSO and Chilerecicla signed a second joint venture agreement (the “Chilerecicla JV”) to execute an initial spot and single operation as a way to test in practice the planning they have designed so far. Under the terms of this second agreement, GTSO will contribute $50,000 which is payable in two installments within 30 days. These funds will be used to purchase electronic and plastic waste in Chile and to export and sell minerals, metals, and plastics for reuse. Chilerecicla will manage the process of purchasing and selling the e-waste materials. Under the terms of the agreement, GTSO will receive a minimum of 50% of the net profits of the Chilerecicla JV.

The Chilerecicla JV represents an investment in an unproven start-up operation and an emerging market. Therefore, the likelihood of the Chilerecicla JV to be able to realize profitable operations and positive cash flow is unknown at this time. As a result, GTSO has expensed all investments in this joint venture, although the Company still believes that it represents a positive business opportunity.

Through GTSO’s newest initiatives in traditional and urban mining, rare earth and precious metals sector, the Company plans to create the necessary processes, logistics, and distribution channels to mine, recover, distribute, and sell precious and other metals to the global marketplace. The Company intends to be a driving force behind a more competitive minerals and metals mining and recovery market. The Company’s alliances in South America, Asia, and Africa provide a strategic advantage and access to one of the most plentiful rare earth and minerals deposits in the world. GTSO has also identified additional joint venture and acquisition targets in China, Africa, and South America. The mission is to meet the growing demand for gold, silver, tungsten and other precious and rare metals, while introducing sustainable and environmentally friendly practices that also create new products and reduce greenhouse gas pollutants using biomass and organic carbon sequestration.

GTSO will continue traditional mining operations through joint ventures such as Diamond V Associates, but the current acquisition and joint venture focus for 2013 will be building sustainable recovery methods of precious, rare, and other metals and minerals through utilizing existing electronic waste. The first two quarters of 2013 will be building its US operations through the purchase of Global Cell Buyers and branding strategy under the name “Green Urban Mining”. In addition, GTSO has identified several target companies in emerging market such as Latin America to leverage current collection and distribution of e-waste for the use of valuable metals they contain. GTSO plans to continue support of traditional mining operations such as placer mining through Diamond V Associates and other innovative prospectors and operators on a case-by-case scenario.

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Critical Accounting Policies

We prepare our financial statements in conformity with GAAP, which requires management to make certain estimates and apply judgments. We base our estimates and judgments on historical experience, current trends, and other factors that management believes to be important at the time the condensed financial statements are prepared. On a regular basis, we review our accounting policies and how they are applied and disclosed in our condensed financial statements.

While we believe that the historical experience, current trends and other factors considered support the preparation of our condensed consolidated financial statements in conformity with GAAP, actual results could differ from our estimates and such differences could be material.

For a full description of our critical accounting policies, please refer to Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report for the year ended December 31, 2013 on Form 10-K.

Results of Operations

Three months ended March 31, 2014 compared to the three months ended March 31, 2013.

General and Administrative Expenses

We recognized general and administrative expenses in the amount of $405,834 and $76,517 for the three months ended  March 31, 2014 and ended 2013, respectively. General and administrative expense for the three months ended March 31, 2014 includes stock compensation expense of $300,000 related to a stock purchase agreement from a significant shareholder of the Company. The remaining increase in general and administrative expense is primarily the result of increased professional fees.

Interest Expense

Interest expense decreased from $119,310 for the three months ended March 31, 2013 to $76,236 for the three months ended March 31, 2014.  Interest expense for the three months ended March 31, 2014 included amortization of discount on convertible notes payable in the amount of $62,682, compared to $103,102 for the comparable period of 2013. The decrease is due to fewer conversions of convertible notes in the current quarter.

Net Loss

We incurred a net loss of $482,070 for the three months ended March 31, 2014 as compared to $195,827 for the comparable period of 2013. The increase in the net loss was primarily the result of the increase in general and administrative expense partially offset by the decrease in interest expense.

Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As of March 31, 2014, the Company has generated net losses since it reentered the development period of $4,688,521. As shows in the financial statements, the Company incurred a net loss of $482,070 during the three months ended March 31, 2014. The company had negative working capital of $262,045 as of March 31, 2014.

In view of the matter described in the preceding paragraph, recoverability of a major portion of the recorded asset amounts shown in the accompanying balance sheet is dependent upon continued operations of the Company, which in turn is dependent upon the Company’s ability to meet its financing requirements on a continuing basis by raising additional funds through debt or equity financing. The Company expects to satisfy its cash requirements by obtaining additional loans; however, there is no assurance that additional capital will be available to the Company when needed and on acceptable terms. The 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 be necessary should the Company be unable to continue in existence.

Liquidity and Capital Resources

At March 31, 2014, we had cash on hand of $26,286. The company has negative working capital of $262,045 . Net cash used in operating activities for the three months ended March 31, 2014 was $78,548. Cash on hand is adequate to fund our operations for less than six months months. We do not expect to achieve positive cash flow from operating activities in the near future. We will require additional cash in order to fully implement our business plan. There is no guarantee that we will be able to attain fund when we need them or that funds will be available on terms that are acceptable to the Company. We have no material commitments for capital expenditures as of March 31, 2014.

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Additional Financing

Additional financing is required to continue operations. Although actively searching for available capital, the Company does not have any current arrangements for additional outside sources of financing and cannot provide any assurance that such financing will be available.

Off Balance Sheet Arrangements

None.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable to a smaller reporting company.

ITEM 4. CONTROLS AND PROCEDURES

Management’s Report on Internal Control over Financial Reporting

We carried out an evaluation, under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, of the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of March 31, 2014. Based upon that evaluation, our principal executive officer and principal financial officer concluded that, as of March 31, 2014, our disclosure controls and procedures were not effective to ensure that information required to be disclosed in reports filed by us under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the required time periods and is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

1.   As of March 31, 2014, we did not maintain effective controls over the control environment. Specifically we have not developed and effectively communicated to our employees our accounting policies and procedures. This has resulted in inconsistent practices. Further, the Board of Directors does not currently have any independent members and no director qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-K. Since these entity level programs have a pervasive effect across the organization, management has determined that these circumstances constitute a material weakness.

2.   As of March 31, 2014, we did not maintain effective controls over financial statement disclosure. Specifically, controls were not designed and in place to ensure that all disclosures required were originally addressed in our financial statements. Accordingly, management has determined that this control deficiency constitutes a material weakness.

Our management, including our principal executive officer and principal financial officer, who is the same person, does not expect that our disclosure controls and procedures or our internal controls will prevent all error or fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Due to the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected.

Change in Internal Controls Over Financial Reporting

There was no change in our internal controls over financial reporting that occurred during the period covered by this report, which has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.

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PART II — OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None.

ITEM 1A. RISK FACTORS

Not applicable to a smaller reporting company.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On May 13, 2014, Paul Watson, Director, Chief Executive Officer (“CEO”) and Secretary of Green Technology Solutions, Inc. (the "Company"), resigned from all positions held with the Company, including as a director of the Company. There was no disagreement between the Company and Mr. Watson at the time of his resignation from the Company.

Also on May 13, 2014, the Company appointed Wallace Browne as director, CEO and president to replace Mr. Watson. Mr. Browne will serve as a director until his successor has been elected at the next annual meeting of the Company's shareholders or until his earlier resignation, removal, or death, and Mr. Browne has not been appointed to any committees of the Board as the Board does not presently have any committees. Mr. Browne is 44 years old.  

Mr. Browne brings to GTSO extensive experience in multiple environmental disciplines, most recently for the last nine years as the owner/vice president of Gulf Environmental Services, Inc., which specializes in asbestos abatement services. Mr. Browne also boasts experience as an environmental compliance manager and as a wastewater operator at a petrochemicals company where he oversaw the commissioning, start-up and operation of a two billion pound per year Ethylene plant.

From 2005 through 2010, Mr. Browne was an owner and vice president of Gulf Environmental Services, Inc., a Louisiana asbestos abatement service, where he was responsible for employee safety training and health compliance. From 2010 to the present, Mr. Browne served as a quality control laboratory coordinator for Omega Protein, Inc., which develops, produces and delivers essential nutrients to leading supplement and food manufacturers. He is a graduate of McNeese State University with a bachelor of science degree in environment science and a minor in chemistry.

Mr. Browne does not have a written employment agreement or other compensatory agreement in place with the Company.  He is being paid $5,000 per month for his services to the Company.

The Company has not entered into any transactions with Mr. Browne described in Item 404(a) of Regulation S-K.  

Mr. Browne was not appointed pursuant to any arrangement or understanding between Mr. Browne and any other person.  

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ITEM 6. EXHIBITS

3.11	Amended and Restated Certificate of Incorporation of the Company
3.21	Bylaws of the Company
31.12	Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer and principal financial and account officer.
32.12	Section 1350 Certification of principal executive officer and principal financial accounting officer.
1012,3	XBRL data files of Financial Statement and Notes contained in this Quarterly Report on Form 10-Q.

(1) Incorporated by reference from the Form SB-2 filed on September 15, 2006.

(2) In accordance with Regulation S-T, the Interactive Data Files in Exhibit 101 to the Quarterly Report on Form 10-Q shall be deemed “furnished” and not “filed.”

(3) Filed or furnished herewith

(4) To be submitted by amendment

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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 Technology Solutions, Inc.
Date: May 22, 2014	BY: /s/ Wallace Browne
	Wallace Browne
	President, Chief Executive Officer, Chief Financial Officer, Principal Accounting Officer, Secretary, Treasurer and Director

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EX-31.1

Exhibit 31.1

RULE 13A-14(A)/15D-14(A) CERTIFICATION

I, Wallace Browne, certify that:

1. I have reviewed this quarterly report on Form 10-Q for the period ended March 31, 2014 of Green Technology Solutions, Inc..

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. I am 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 15-d-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. 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.

Date: May 22, 2014	BY: /s/ Wallace Browne
	Wallace Browne
	President, Chief Executive Officer, Chief Financial Officer, Principal Accounting Officer, Secretary, Treasurer and Director

EX-32.1

Exhibit 32.1

SECTION 1350 CERTIFICATION

In connection with the quarterly report of Green Technology Solutions, Inc. (the “Company”) on Form 10-Q for the period ended March 31, 2014 as filed with the Securities and Exchange Commission (the “Report”), I, Wallace Browne, President of the Company, certify, pursuant to 18 U.S.C. SS. 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 result of operations of the Company.

Date: May 22, 2014	BY: /s/ Wallace Browne
	Wallace Browne
	President, Chief Executive Officer, Chief Financial Officer, Principal Accounting Officer, Secretary, Treasurer and Director

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

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Note 5. Convertible Notes Payable (Details) - Schedule of Debt Conversions (April 1, 2013 Convertible Note Payable [Member], USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Debt Conversion [Line Items]
Principal and Interest Converted	$ 20,000	$ 20,000
Common Stock Issued upon Conversion		2,000,000
Debt Conversion on January 14, 2013 [Member]
Debt Conversion [Line Items]
Principal and Interest Converted		$ 20,000
Common Stock Issued upon Conversion		2,000,000

XML

Note 3. Presentation of Financial Statements and Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]

Note 3. Presentation of Financial Statements and Summary of Significant Accounting Policies

Interim Financial Statements

The accompanying these unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. These financial statements should be read in conjunction with the financial statements for the fiscal year ended December 31, 2013 and notes thereto and other pertinent information contained in our Form 10-K the Company has filed with the Securities and Exchange Commission (the “SEC”).

The results of operations for the three month period ended March 31, 2014 are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, 2014.

Basis of Presentation

The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the SEC. The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States. See Note 2 regarding the assumption that the Company is a going concern.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

For the purpose of the financial statements, cash equivalents include all highly liquid investments with maturity of three months or less. Cash and cash equivalents were $26,286 and $4,198 at March 31, 2014 and December 31, 2013, respectively.

Revenue Recognition

The Company is not currently generating revenue. However, revenue generated in the future will be recognized according to ASC 605, Revenue Recognition. The Company recognizes revenue when persuasive evidence of an arrangement exists, product delivery has occurred or the services have been rendered, the price is fixed or determinable and collectability is reasonably assured.

Earnings (Loss) per Common Share

The Company computes basic and diluted earnings per common share amounts in accordance with ASC Topic 260, Earnings per Share. The basic earnings (loss) per common share are calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares outstanding during the year. The diluted earnings (loss) per common share are calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted as of the first of the year for any potentially dilutive debt or equity. There are no dilutive shares outstanding for any periods reported.

Income Taxes

The Company accounts for income taxes under ASC 740 Income Taxes. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized as of March 31, 2014 or December 31, 2013

Financial Instruments

The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period between the origination of these instruments and their expected realization.

FASB Accounting Standards Codification (ASC) 820 Fair Value Measurements and Disclosures (ASC 820) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3 - Inputs that are both significant to the fair value measurement and unobservable.

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 31, 2014. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, other current assets, accounts payable, and accrued expenses. The fair value of the Company’s notes payable is estimated based on current rates that would be available for debt of similar terms that is not significantly different from its stated value.

Recently Issued Accounting Pronouncements

We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

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Note 2. Going Concern

3 Months Ended

Mar. 31, 2014

Going Concern [Abstract]

Going Concern [Text Block]

Note 2. Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As of March 31, 2014, the Company has generated net losses since it reentered the development period of $4,688,521. As shown in the financial statements, the Company incurred a net loss of $482,070 during the three months ended March 31, 2014. The company had negative working capital of $262,045 as of March 31, 2014.

In view of the matter described in the preceding paragraph, recoverability of a major portion of the recorded asset amounts shown in the accompanying balance sheet is dependent upon continued operations of the Company, which in turn is dependent upon the Company’s ability to meet its financing requirements on a continuing basis by raising additional funds through debt or equity financing. The Company expects to satisfy its cash requirements by obtaining additional loans; however, there is no assurance that additional capital will be available to the Company when needed and on acceptable terms. The 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 be necessary should the Company be unable to continue in existence.

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CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)	Mar. 31, 2014	Dec. 31, 2013
CURRENT ASSETS
Cash and cash equivalents	$ 26,286	$ 4,198
Total current assets	26,286	4,198
TOTAL ASSETS	26,286	4,198
CURRENT LIABILITIES
Accounts payable and accrued liabilities	150,286	123,000
Advances payable	101,886	31,250
Current portion of convertible notes payable	17,985	0
Current portion of accrued interest payable	18,174	0
Total current liabilities	288,331	154,250
Convertible notes payable, net of discount of $379,436 and $442,118, respectively.	77,264	81,958
Accrued interest payable	18,057	34,823
TOTAL LIABILITIES	383,652	271,031
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ DEFICIT
Preferred Stock, $0.001 par value; 2,500,000 shares authorized; no shares issued and outstanding as of March 31, 2014 and December 31, 2013	0	0
Common Stock, $0.001 par value; 100,000,000 shares authorized; 68,425,966 shares and 62,425,966 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively.	68,426	62,426
Additional paid-in capital	11,341,482	10,985,945
Common stock payable	35,000	5,000
Accumulate deficit	(7,113,753)	(7,113,753)
Deficit accumulated during the development stage	(4,688,521)	(4,206,451)
Total stockholders’ deficit	(357,366)	(266,833)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$ 26,286	$ 4,198

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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	3 Months Ended		46 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014
CASH FLOW FROM OPERATING ACTIVITIES:
Net Loss	$ (482,070)	$ (195,827)	$ (4,688,521)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of discount on convertible note payable	62,682	103,102	1,627,346
Imputed interest expense	1,537	7,168	175,595
Impairment of investment in joint venture	0	0	330,000
Common stock issued for services and stock compensation	300,000	0	510,000
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	27,286	33,015	165,804
Accrued interest payable	12,017	9,040	87,394
NET CASH USED IN OPERATING ACTIVITIES	(78,548)	(43,502)	(1,792,382)
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in joint venture	0	0	(320,000)
NET CASH USED IN INVESTING ACTIVITIES	0	0	(320,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash received for stock payable	30,000	0	30,000
Proceeds from advances	70,636	53,600	2,108,668
NET CASH PROVIDED BY FINANCING ACTIVITIES	100,636	53,600	2,138,668
NET INCREASE (DECREASE) IN CASH	22,088	10,098	26,286
CASH, at the beginning of the period	4,198	872	0
CASH, at the end of the period	26,286	10,970	26,286
Cash paid during the period for:
Interest	0	0	0
Taxes	0	0	0
Noncash investing and financing transaction:
Refinance of advances into convertible notes payable	0	0	2,427,498
Beneficial conversion on convertible note payable	0	0	0
Conversion of convertible notes payable.	60,000	931,683	2,007,885
Common stock issued for services	$ 0	$ 0	$ 210,000

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Note 5. Convertible Notes Payable (Details) - Schedule of Debt (USD $)	Mar. 31, 2014	Dec. 31, 2013
Note 5. Convertible Notes Payable (Details) - Schedule of Debt [Line Items]
Convertible note payable	$ 474,685	$ 524,076
Less: current portion of convertible notes payable	(17,985)	0
Less: discount on noncurrent convertible notes payable	(379,436)	(442,118)
Convertible notes payable, net of discount	77,264	81,958
Convertible Note Payable, April 1, 2010 [Member]
Note 5. Convertible Notes Payable (Details) - Schedule of Debt [Line Items]
Convertible note payable	11,888	11,598
Convertible Note Payable, May 15, 2010 [Member]
Note 5. Convertible Notes Payable (Details) - Schedule of Debt [Line Items]
Convertible note payable	6,096	5,947
Convertible Note Payable, October 31, 2012 [Member]
Note 5. Convertible Notes Payable (Details) - Schedule of Debt [Line Items]
Convertible note payable	1,423	1,423
April 1, 2013 Convertible Note Payable [Member]
Note 5. Convertible Notes Payable (Details) - Schedule of Debt [Line Items]
Convertible note payable	5,999	25,613
June 30, 2013 Convertible Note Payable [Member]
Note 5. Convertible Notes Payable (Details) - Schedule of Debt [Line Items]
Convertible note payable	136,969	167,185
Convertible Note Payable, September 30, 2013 [Member]
Note 5. Convertible Notes Payable (Details) - Schedule of Debt [Line Items]
Convertible note payable	$ 312,310	$ 312,310

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Note 5. Convertible Notes Payable (Details) - Schedule of Debt Conversions (June 30, 2013 Convertible Note Payable [Member], USD $)	3 Months Ended
	Mar. 31, 2014
Debt Conversion [Line Items]
Principal and Interest Converted	$ 40,000
Common Stock Issued upon Conversion	4,000,000
Debt Conversion on January 27, 2014 [Member]
Debt Conversion [Line Items]
Principal and Interest Converted	20,000
Common Stock Issued upon Conversion	2,000,000
Debt Conversion on January 30, 2014 [Member]
Debt Conversion [Line Items]
Principal and Interest Converted	$ 20,000
Common Stock Issued upon Conversion	2,000,000

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Note 1. General Organization and Business

3 Months Ended

Mar. 31, 2014

Disclosure Text Block [Abstract]

Business Description and Basis of Presentation [Text Block]

Note 1. General Organization and Business

Company History

Green Technology Solutions, Inc. (“GTSO”, “we”, “us”, “our” or the “Company”) was incorporated as XCL Sunrise, Inc. in the State of Delaware on April 1, 1991. We changed our name to Sunrise Energy Resources, Inc. on November 1, 2004. On October 26, 2010, we changed our name to Green Technology Solutions, Inc.

On September 20, 2012, GTSO formed two subsidiaries, which may be used to hold GTSO’s urban and traditional mining operations. The new subsidiaries are GTSO Urban Mining LLC and GTSO Resources LLC.

GTSO is in the business of identifying and acquiring rights in early stage, breakthrough green technologies, with the plan to develop these technologies into marketable products. To date, we have identified the following market segments: (1) the advancement of cleaner worldwide mining technologies, with an emphasis on rare earth and precious metals mining applications, (2) the development of additional markets for environmentally friendly methods of recovering minerals from electronic waste and (3) smart grid technology. Our mission is to focus our resources on discovering the best available new innovative technologies and processes in this industry space and we intend to work with young companies and inventors to deliver innovation in the real world.

In addition to the foregoing, we plan to focus our resources on successfully identifying new green technologies that have greatest potential to produce near term profits. Due to our limited management and employees, we expect to continue to form strategic joint venture relationships with early stage development technology companies whose goals and objectives are similar to ours. Moreover, we anticipate continued use of and reliance upon industry consultants who have the knowledge and expertise in the areas of our existing and future business ventures. We have located our new offices in the Silicon Valley city of Palo Alto, California, which management believes may increase access to cutting edge technologies.

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CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Convertible notes payable, discount (in Dollars)	$ 379,436	$ 442,118
Preferred Stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred Stock, shares authorized	2,500,000	2,500,000
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Common Stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common Stock, authorized	100,000,000	100,000,000
Common Stock, issued	68,425,966	62,425,966
Common Stock, outstanding	68,425,966	62,425,966

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Note 1. General Organization and Business (Details)	3 Months Ended
	Mar. 31, 2014
Disclosure Text Block [Abstract]
Number of Subsidiaries Formed	2

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Document And Entity Information	3 Months Ended
	Mar. 31, 2014	May 21, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	Green Technology Solutions, Inc.
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		68,425,966
Amendment Flag	false
Entity Central Index Key	0000874792
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Mar. 31, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1

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Note 2. Going Concern (Details) (USD $)	3 Months Ended		12 Months Ended				46 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Mar. 31, 2014
Going Concern [Abstract]
Development Stage Enterprise, Deficit Accumulated During Development Stage	$ 4,688,521		$ 4,206,451				$ 4,688,521
Net Income (Loss) Attributable to Parent	(482,070)	(195,827)	(909,691)	(1,417,312)	(1,193,838)	(685,610)	(4,688,521)
Working Capital Deficit	$ 262,045						$ 262,045

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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)	3 Months Ended		46 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014
OPERATING EXPENSES
General and administrative expenses	$ 405,834	$ 76,517	$ 2,415,392
LOSS FROM OPERATIONS	(405,834)	(76,517)	(2,415,392)
OTHER INCOME (EXPENSE)
Interest expense	(76,236)	(119,310)	(1,943,129)
Impairment on investment	0	0	(330,000)
Total Other Income (Expense)	(76,236)	(119,310)	(2,273,129)
NET LOSS	$ (482,070)	$ (195,827)	$ (4,688,521)
NET LOSS PER COMMON SHARE – Basic and fully diluted (in Dollars per share)	$ (0.01)	$ (0.01)
COMMON SHARES OUTSTANDING – Basic and fully diluted (in Shares)	66,848,188	37,672,243

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Note 6. Stockholders' Equity

3 Months Ended

Mar. 31, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Note 6. Stockholders’ Equity

Conversion of Convertible Debt into Equity

During the three months ended March 31, 2014, the holders of are convertible debt elected to convert principal and interest into common shares.

Date	Principal & Interest Converted		Common Stock Issued upon Conversion
January 27, 2014	$	20,000		2,000,000
January 27, 2014		20,000		2,000,000
January 30, 2014		20,000		2,000,000
Total	$	60,000		6,000,000

Issuance of Common Stock for Cash

On February 6, 2014, the Company received a stock purchase agreement from Eastern Rim Funds Inc., a significant shareholder of the Company, to purchase 30,000,000 shares of common stock of the Company for $30,000 in cash. The Company also received a cash payment of $30,000. These shares have not yet been approved for issuance by the board of directors of the Company and the shares have not been issued. The par value of the common stock is included in stock payable on the balance sheet as of March 31, 2014

When the shares have been issued, this issuance of shares will result in Eastern Rim Funds Inc. holding a total of 52,056,100 shares of the Company’s common stock. This would represent approximately 53% of the outstanding stock of the Company after the issuance.

The Company recorded stock compensation expense in the amount of $300,000 which represented the difference in the fair market value of the common stock as of February 6, 2014 and the price paid by Eastern Rim Funds Inc.

Imputed Interest

The Company has imputed interest on advances in the amount of $1,537 for the three months ended March 31, 2014. The imputed interest was recorded as an increase in additional paid-in capital.

Net Loss

The company recorded a net loss of $482,070 for the three months ended March 31, 2014. This is reflected in loss accumulated during the development period.

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Note 5. Convertible Notes Payable

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

Note 5. Convertible Notes Payable

Convertible notes payable consist of the following as of March 31, 2014 and December 31, 2013:

	March 31, 2014			December 31, 2013
Convertible note payable, dated April 1, 2010, bearing interest at 10% per annum, matured on March 31, 2013 and convertible into shares of common stock at $0.01 per share	$	11,888		$	11,598
Convertible note payable, dated May 15, 2010, bearing interest at 10% per annum, matured on March 31, 2013 and convertible into shares of common stock at $0.01 per share		6,096			5,947
Convertible note payable, dated October 31, 2012, bearing interest at 10% per annum, matures on April 30, 2014 and convertible into shares of common stock at $0.02		1,423			1,423
Convertible note payable, dated April 1, 2013, bearing interest at 10% per annum, matures on March 31, 2015 and convertible into shares of common stock at $0.01		5,999			25,613
Convertible note payable, dated June 30, 2013, bearing interest at 10% per annum, matures on June 30, 2015 and convertible into shares of common stock at $0.01		136,969			167,185
Convertible note payable, dated September 30, 2013, bearing interest at 10% per annum, matures on September 30, 2015 and convertible into shares of common stock at $0.01		312,310			312,310
Total convertible notes payable and accrued interest		474,685			524,076
Less: current portion of convertible notes payable		(17,985	)		—
Less: discount on noncurrent convertible notes payable		(379,436	)		(442,118	)
Convertible notes payable, net of discount	$	77,264		$	81,958

The holders of the $167,185 convertible note payable signed on June 30, 2013 elected to convert principal and interest as follows:

Date	Principal & Interest Converted		Common Stock Issued upon Conversion
January 27, 2014	$	20,000		2,000,000
January 30, 2014		20,000		2,000,000
Total	$	40,000		4,000,000

The unamortized discount related to this principal was $21,399. This amount was immediately amortized to interest expense. The converted principal and interest of $40,000 was recognized as in increase in stockholders’ equity as a result of this conversion. There was no gain or loss on the conversion, as it was effected in accordance with the terms of the convertible note payable.

The holders of the $96,463 convertible note payable signed on April 1, 2013 elected to convert principal and interest as follows:

Date	Principal & Interest Converted		Common Stock Issued upon Conversion
January 14, 2013		20,000		2,000,000
Total	$	20,000		2,000,000

The unamortized discount related to this principal was $10,450. This amount was immediately amortized to interest expense. The converted principal and interest of $20,000 was recognized as in increase in stockholders’ equity as a result of this conversion. There was no gain or loss on the conversion, as it was effected in accordance with the terms of the convertible note payable.

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Note 5. Convertible Notes Payable (Details) - Schedule of Debt (Parentheticals) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Convertible Note Payable, April 1, 2010 [Member]
Note 5. Convertible Notes Payable (Details) - Schedule of Debt (Parentheticals) [Line Items]
Convertible note payable, dated	Apr. 01, 2010	Apr. 01, 2010
Convertible note payable, interest	10.00%	10.00%
Convertible note payable, matures	Mar. 31, 2013	Mar. 31, 2013
Convertible note payable, convertible at	$ 0.01	$ 0.01
Convertible Note Payable, May 15, 2010 [Member]
Note 5. Convertible Notes Payable (Details) - Schedule of Debt (Parentheticals) [Line Items]
Convertible note payable, dated	May 15, 2010	May 15, 2010
Convertible note payable, interest	10.00%	10.00%
Convertible note payable, matures	Mar. 31, 2013	Mar. 31, 2013
Convertible note payable, convertible at	$ 0.01	$ 0.01
Convertible Note Payable, October 31, 2012 [Member]
Note 5. Convertible Notes Payable (Details) - Schedule of Debt (Parentheticals) [Line Items]
Convertible note payable, dated	Oct. 31, 2012	Oct. 31, 2012
Convertible note payable, interest	10.00%	10.00%
Convertible note payable, matures	Apr. 30, 2014	Apr. 30, 2014
Convertible note payable, convertible at	$ 0.02	$ 0.02
April 1, 2013 Convertible Note Payable [Member]
Note 5. Convertible Notes Payable (Details) - Schedule of Debt (Parentheticals) [Line Items]
Convertible note payable, dated	Apr. 01, 2013	Apr. 01, 2013
Convertible note payable, interest	10.00%	10.00%
Convertible note payable, matures	Mar. 31, 2015	Mar. 31, 2015
Convertible note payable, convertible at	$ 0.01	$ 0.01
June 30, 2013 Convertible Note Payable [Member]
Note 5. Convertible Notes Payable (Details) - Schedule of Debt (Parentheticals) [Line Items]
Convertible note payable, dated	Jun. 30, 2013	Jun. 30, 2013
Convertible note payable, interest	10.00%	10.00%
Convertible note payable, matures	Jun. 30, 2015	Jun. 30, 2015
Convertible note payable, convertible at	$ 0.01	$ 0.01
Convertible Note Payable, September 30, 2013 [Member]
Note 5. Convertible Notes Payable (Details) - Schedule of Debt (Parentheticals) [Line Items]
Convertible note payable, dated	Sep. 30, 2013	Sep. 30, 2013
Convertible note payable, interest	10.00%	10.00%
Convertible note payable, matures	Sep. 30, 2015	Sep. 30, 2015
Convertible note payable, convertible at	$ 0.01	$ 0.01

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Note 3. Presentation of Financial Statements and Summary of Significant Accounting Policies (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012	Jun. 11, 2010
Accounting Policies [Abstract]
Cash and Cash Equivalents, at Carrying Value	$ 26,286	$ 4,198	$ 10,970	$ 872	$ 0
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares)	0	0
Deferred Tax Assets, Net of Valuation Allowance	$ 0	$ 0

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Note 5. Convertible Notes Payable (Tables)

3 Months Ended

Mar. 31, 2014

Note 5. Convertible Notes Payable (Tables) [Line Items]

Schedule of Debt [Table Text Block]

Convertible notes payable consist of the following as of March 31, 2014 and December 31, 2013:

	March 31, 2014			December 31, 2013
Convertible note payable, dated April 1, 2010, bearing interest at 10% per annum, matured on March 31, 2013 and convertible into shares of common stock at $0.01 per share	$	11,888		$	11,598
Convertible note payable, dated May 15, 2010, bearing interest at 10% per annum, matured on March 31, 2013 and convertible into shares of common stock at $0.01 per share		6,096			5,947
Convertible note payable, dated October 31, 2012, bearing interest at 10% per annum, matures on April 30, 2014 and convertible into shares of common stock at $0.02		1,423			1,423
Convertible note payable, dated April 1, 2013, bearing interest at 10% per annum, matures on March 31, 2015 and convertible into shares of common stock at $0.01		5,999			25,613
Convertible note payable, dated June 30, 2013, bearing interest at 10% per annum, matures on June 30, 2015 and convertible into shares of common stock at $0.01		136,969			167,185
Convertible note payable, dated September 30, 2013, bearing interest at 10% per annum, matures on September 30, 2015 and convertible into shares of common stock at $0.01		312,310			312,310
Total convertible notes payable and accrued interest		474,685			524,076
Less: current portion of convertible notes payable		(17,985	)		—
Less: discount on noncurrent convertible notes payable		(379,436	)		(442,118	)
Convertible notes payable, net of discount	$	77,264		$	81,958

Conversion of Convertible Debt into Equity 1 [Member] | June 30, 2013 Convertible Note Payable [Member]

Note 5. Convertible Notes Payable (Tables) [Line Items]

Schedule of Debt Conversions [Table Text Block]

The holders of the $167,185 convertible note payable signed on June 30, 2013 elected to convert principal and interest as follows:

Date	Principal & Interest Converted		Common Stock Issued upon Conversion
January 27, 2014	$	20,000		2,000,000
January 30, 2014		20,000		2,000,000
Total	$	40,000		4,000,000

Conversion of Convertible Debt into Equity 2 [Member] | April 1, 2013 Convertible Note Payable [Member]

Note 5. Convertible Notes Payable (Tables) [Line Items]

Schedule of Debt Conversions [Table Text Block]

The holders of the $96,463 convertible note payable signed on April 1, 2013 elected to convert principal and interest as follows:

Date	Principal & Interest Converted		Common Stock Issued upon Conversion
January 14, 2013		20,000		2,000,000
Total	$	20,000		2,000,000

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Note 7. Subsequent Events

3 Months Ended

Mar. 31, 2014

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Note 7. Subsequent Events

On May 13, 2014, Paul Watson, Director, Chief Executive Officer (“CEO”) and Secretary of the Company, resigned from all positions held with the Company, including as a director of the Company. Also on May 13, 2014, the Company appointed Wallace Browne as director, CEO and president to replace Mr. Watson.

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Accounting Policies, by Policy (Policies)

3 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation

The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the SEC. The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States. See Note 2 regarding the assumption that the Company is a going concern.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

For the purpose of the financial statements, cash equivalents include all highly liquid investments with maturity of three months or less. Cash and cash equivalents were $26,286 and $4,198 at March 31, 2014 and December 31, 2013, respectively.

Revenue Recognition, Policy [Policy Text Block]

Revenue Recognition

The Company is not currently generating revenue. However, revenue generated in the future will be recognized according to ASC 605, Revenue Recognition. The Company recognizes revenue when persuasive evidence of an arrangement exists, product delivery has occurred or the services have been rendered, the price is fixed or determinable and collectability is reasonably assured.

Earnings Per Share, Policy [Policy Text Block]

Earnings (Loss) per Common Share

The Company computes basic and diluted earnings per common share amounts in accordance with ASC Topic 260, Earnings per Share. The basic earnings (loss) per common share are calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares outstanding during the year. The diluted earnings (loss) per common share are calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted as of the first of the year for any potentially dilutive debt or equity. There are no dilutive shares outstanding for any periods reported.

Income Tax, Policy [Policy Text Block]

Income Taxes

The Company accounts for income taxes under ASC 740 Income Taxes. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized as of March 31, 2014 or December 31, 2013

Fair Value of Financial Instruments, Policy [Policy Text Block]

Financial Instruments

The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period between the origination of these instruments and their expected realization.

FASB Accounting Standards Codification (ASC) 820 Fair Value Measurements and Disclosures (ASC 820) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3 - Inputs that are both significant to the fair value measurement and unobservable.

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 31, 2014. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, other current assets, accounts payable, and accrued expenses. The fair value of the Company’s notes payable is estimated based on current rates that would be available for debt of similar terms that is not significantly different from its stated value.

New Accounting Pronouncements, Policy [Policy Text Block]

Recently Issued Accounting Pronouncements

We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

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Note 6. Stockholders' Equity (Tables) (Conversion of Convertible Debt into Equity 1 [Member])

3 Months Ended

Mar. 31, 2014

Conversion of Convertible Debt into Equity 1 [Member]

Note 6. Stockholders' Equity (Tables) [Line Items]

Schedule of Debt Conversions [Table Text Block]

During the three months ended March 31, 2014, the holders of are convertible debt elected to convert principal and interest into common shares.

Date	Principal & Interest Converted		Common Stock Issued upon Conversion
January 27, 2014	$	20,000		2,000,000
January 27, 2014		20,000		2,000,000
January 30, 2014		20,000		2,000,000
Total	$	60,000		6,000,000

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Note 5. Convertible Notes Payable (Details) (USD $)	3 Months Ended		46 Months Ended	3 Months Ended		3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2014 June 30, 2013 Convertible Note Payable [Member]	Dec. 31, 2013 June 30, 2013 Convertible Note Payable [Member]	Mar. 31, 2014 April 1, 2013 Convertible Note Payable [Member]	Mar. 31, 2013 April 1, 2013 Convertible Note Payable [Member]	Dec. 31, 2013 April 1, 2013 Convertible Note Payable [Member]
Note 5. Convertible Notes Payable (Details) [Line Items]
Debt Instrument, Face Amount					$ 167,185			$ 96,463
Amortization of Debt Discount (Premium)	62,682	103,102	1,627,346	21,399		10,450
Debt Conversion, Original Debt, Amount				40,000		20,000	20,000
Gains (Losses) on Restructuring of Debt				$ 0		$ 0

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Note 6. Stockholders' Equity (Details) (USD $)	3 Months Ended		12 Months Ended				46 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Mar. 31, 2014
Note 6. Stockholders' Equity (Details) [Line Items]
Stock Issued During Period, Value, New Issues	$ 330,000
Proceeds from Issuance or Sale of Equity	30,000	0					30,000
Imputed Interest	1,537	7,168					175,595
Net Income (Loss) Attributable to Parent	(482,070)	(195,827)	(909,691)	(1,417,312)	(1,193,838)	(685,610)	(4,688,521)
East Rim Funds Inc. Holding of Company Stock [Member]
Note 6. Stockholders' Equity (Details) [Line Items]
Stock Issued During Period, Shares, New Issues (in Shares)	30,000,000
Stock Issued During Period, Value, New Issues	30,000
Proceeds from Issuance or Sale of Equity	30,000
Subsidiary or Equity Method Investee, Cumulative Number of Shares Issued for All Transactions (in Shares)	52,056,100
Equity Method Investment, Ownership Percentage	53.00%						53.00%
Share-based Compensation	$ 300,000

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT (UNAUDITED) (USD $)	Common stock issued for conversion of note payable [Member] Common Stock [Member]	Common stock issued for conversion of note payable [Member] Additional Paid-in Capital [Member] USD ($)	Common stock issued for conversion of note payable [Member] USD ($)	Common Stock [Member] USD ($)	Additional Paid-in Capital [Member] USD ($)	Common Stock Payable [Member] USD ($)	Retained Earnings [Member] USD ($)	Accumulated Deficit during Development Stage [Member] USD ($)	Total USD ($)
BALANCE at Dec. 31, 2009					$ 6,650,413		$ (7,113,753)		$ (463,340)
BALANCE (in Shares) at Dec. 31, 2009				395
Correction in number of shares outstanding (in Shares)				1
Issuance of shares for conversion of note payable		30,000	30,000	67	199,933				200,000
Issuance of shares for conversion of note payable (in Shares)	50			66,667
Imputed interest expense					25,808				25,808
Net loss								(685,610)	(685,610)
BALANCE at Dec. 31, 2010				67	6,906,154			(685,610)	(893,142)
BALANCE (in Shares) at Dec. 31, 2010				67,113
Issuance of shares for conversion of note payable				70	209,930				210,000
Issuance of shares for conversion of note payable (in Shares)				70,000
Issuance of shares for consulting services				5	209,995				210,000
Issuance of shares for consulting services (in Shares)				5,000
Share rounding on reverse split (in Shares)				3
Beneficial conversion feature on convertible note payable					1,179,356				1,179,356
Imputed interest expense					84,126				84,126
Net loss								(1,193,838)	(1,193,838)
BALANCE at Dec. 31, 2011				142	8,589,561		(7,113,753)	(1,879,448)	(403,498)
BALANCE (in Shares) at Dec. 31, 2011				142,116
Issuance of shares for conversion of note payable				34,057	987,626				1,021,683
Issuance of shares for conversion of note payable (in Shares)				34,056,100
Share rounding on reverse split				4	(4)
Share rounding on reverse split (in Shares)				4,478
Beneficial conversion feature on convertible note payable					251,468
Imputed interest expense					40,077
Common stock payable on investment						5,000
Net loss								(1,417,312)	(1,417,312)
BALANCE at Dec. 31, 2012				34,203	9,868,728	5,000	(7,113,753)	(3,296,760)	(502,582)
BALANCE (in Shares) at Dec. 31, 2012				34,202,694
Issuance of shares for conversion of note payable				28,223	517,212				545,435
Issuance of shares for conversion of note payable (in Shares)				28,223,272
Beneficial conversion feature on convertible note payable					575,958				575,958
Imputed interest expense					24,047				24,047
Net loss								(909,691)	(909,691)
BALANCE at Dec. 31, 2013				62,426	10,985,945	5,000	(7,113,753)	(4,206,451)	(266,833)
BALANCE (in Shares) at Dec. 31, 2013				62,425,966					62,425,966
Cash received for stock payable					300,000	30,000			330,000
Issuance of shares for conversion of note payable				6,000	54,000				60,000
Issuance of shares for conversion of note payable (in Shares)				6,000,000
Imputed interest expense					1,537				1,537
Net loss								(482,070)	(482,070)
BALANCE at Mar. 31, 2014				$ 68,426	$ 11,341,482	$ 35,000	$ (7,113,753)	$ (4,688,521)	$ (357,366)
BALANCE (in Shares) at Mar. 31, 2014				68,425,966					68,425,966

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Note 4. Advances

3 Months Ended

Mar. 31, 2014

Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]

Other Liabilities Disclosure [Text Block]

Note 4. Advances

The Company has received working capital advances in the amount of $70,636 during the three months ended of March 31, 2014. The total advances outstanding as of March 31, 2014 was $101,886, which included advances made in prior reporting periods. These advances are non-interest bearing and payable upon demand. The Company had imputed interest on these advances in the amount $1,537 during the three months ended of March 31, 2014. The imputed interest was recording as an increase in additional paid in capital.

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Note 6. Stockholders' Equity (Details) - Schedule of Debt conversions (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Debt Conversion on January 27, 2014 [Member] | June 30, 2013 Convertible Note Payable [Member]
Debt Conversion [Line Items]
Principal and Interest Converted	$ 20,000
Common Stock Issued upon Conversion	2,000,000
Debt Conversion on January 27, 2014 [Member] | April 1, 2013 Convertible Note Payable [Member]
Debt Conversion [Line Items]
Principal and Interest Converted	20,000
Common Stock Issued upon Conversion	2,000,000
Debt Conversion on January 30, 2014 [Member] | June 30, 2013 Convertible Note Payable [Member]
Debt Conversion [Line Items]
Principal and Interest Converted	20,000
Common Stock Issued upon Conversion	2,000,000
Conversion of Convertible Debt into Equity 1 [Member]
Debt Conversion [Line Items]
Principal and Interest Converted	60,000
Common Stock Issued upon Conversion	6,000,000
June 30, 2013 Convertible Note Payable [Member]
Debt Conversion [Line Items]
Principal and Interest Converted	40,000
Common Stock Issued upon Conversion	4,000,000
April 1, 2013 Convertible Note Payable [Member]
Debt Conversion [Line Items]
Principal and Interest Converted	$ 20,000	$ 20,000
Common Stock Issued upon Conversion		2,000,000

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Note 4. Advances (Details) (USD $)	3 Months Ended		46 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Dec. 31, 2013
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]
Proceeds from Loans	$ 70,636	$ 53,600	$ 2,108,668
Other Short-term Borrowings	101,886		101,886	31,250
Debt Instrument, Description	non-interest bearing and payable upon demand
Imputed Interest	$ 1,537	$ 7,168	$ 175,595