10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2015

OR

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to ______________.

Commission File Number 000-55057

ECO INTEGRATED TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

Delaware	46-3601274
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

2600 Michelson Drive, Suite 780, Irvine, California 92612

(Address of principal executive offices)(Zip Code)

(949) 336-6944

(Registrant's telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x   No ¨

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 x   No ¨

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 definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer  ¨ Accelerated filer  ¨ Non-accelerated filer  ¨ Smaller reporting company  x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨   No x

As of April 28, 2015, we had 8,548,194 shares of $0.0001 par value Common Stock outstanding. 

ECO INTEGRATED TECHNOLOGIES, INC.

FORM 10-Q

INDEX

	Page No.
PART I    FINANCIAL INFORMATION		3
ITEM 1.   Financial Statements (Unaudited)		3
Condensed Consolidated Balance Sheets as of March 31, 2015 and December 31, 2014		3
Condensed Consolidated Statements of Operations for the three months ended March 31, 2015 and 2014		4
Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2015 and 2014		5
Notes to Condensed Consolidated Financial Statements		6
ITEM 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations		12
ITEM 3.  Quantitative and Qualitative Disclosures About Market Risk		18
ITEM 4.  Controls and Procedures		18
PART II  OTHER INFORMATION
ITEM 6.  Exhibits		18

2

PART I - FINANCIAL INFORMATION

ITEM 1        Financial Statements

ECO INTEGRATED TECHNOLOGIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

	March 31,			December 31,
	2015			2014
ASSETS
Current assets:
Cash	$	173,871		$	433,045
Prepaid expenses and other current assets		9,116			12,886
Total current assets		182,987			445,931
Furniture and equipment, net		27,510			21,167
Licensing fee		175,000			175,000
Other assets		126,623			2,500
Total assets	$	512,120		$	644,598
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	75,506		$	31,498
Notes payable		51,922			51,970
Total current liabilities		127,428			83,468
Stockholders' equity:
Preferred stock, ($0.0001 par value; 20,000,000 shares authorized, 1,000,000 shares issued and outstanding)		100			100
Common stock, ($0.0001 par value; 100,000,000 shares authorized 8,360,283 and 7,899,787 shares issued and outstanding)		836			790
Additional paid-in capital		5,507,211			2,121,752
Accumulated deficit		(5,123,455	)		(1,561,512	)
Total stockholders' equity		384,692			561,130
Total liabilities and stockholders' equity	$	512,120		$	644,598

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

3

ECO INTEGRATED TECHNOLOGIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

	For the Three Months Ended March 31,
	2015			2014
Sales	$	-		$	-
Cost of goods sold		-			-
Gross profit		-			-
Operating expenses:
General and administrative expenses		330,586			33,217
Stock-based compensation		3,116,270			-
Write down of assets		113,999			12,645
Total operating expenses		3,560,855			45,862
Loss from operations		(3,560,855	)		(45,862	)
Other income (expense):
Interest expense		(1,088	)		-
Total other income (expense)		(1,088	)		-
Loss before provision for income taxes		(3,561,943	)		(45,862	)
Provision for income taxes		-			-
Net loss	$	(3,561,943	)	$	(45,862	)
Net loss per share:
Basic	$	(0.44	)	$	(0.02	)
Diluted	$	(0.44	)	$	(0.02	)
Weighted average number of common shares outstanding:
Basic		8,064,521			3,000,000
Diluted		8,064,521			3,000,000

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

4

ECO INTEGRATED TECHNOLOGIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	For the Three Months Ended
	March 31,
	2015			2014
OpERATING ACtivities:
Net loss	$	(3,561,943	)	$	(45,862	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		1,190			-
Stock-based compensation		3,116,270			-
Write down of assets		113,999			12,645
Changes in current assets and liabilities:
Prepaid expenses and other assets		3,770			-
Accounts payable and accrued expenses		44,008			(2,500	)
Net cash used in operating activities		(282,706	)		(35,717	))
investing activities:
Issuance of notes receivable		(113,999	)		(12,645	)
Payment for furniture and equipment		(7,533	)		-
Payment for other assets		(124,123	)		-
Net cash used in investing activities		(245,655	)		(12,645	)
financing activities:
Proceeds from note payable		-			48,377
Repayment of notes payable		(48	)		-
Proceeds from issuance of common stock		269,235			-
Net cash provided by financing activities		269,187			48,377
Net increase (decrease) in cash		(259,174	)		15
Cash, beginning balance		433,045			-
Cash, ending balance	$	173,871		$	15
Cash paid for:
Income taxes	$	-		$	-
Interest		-			-

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

5

ECO INTEGRATED TECHNOLOGIES, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

March 31, 2015 and 2014

(Unaudited)

Note 1 - Organization, Basis of Presentation and Significant Accounting Policies

The unaudited consolidated financial statements were prepared by ECO Integrated Technologies, Inc., pursuant to the rules and regulations of the Securities Exchange Commission (“SEC”). The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments) which are, in the opinion of management, necessary to fairly present the operating results for the respective periods. Certain information and footnote disclosures normally present in annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) were omitted pursuant to such rules and regulations. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. The results for the three months ended March 31, 2015, are not necessarily indicative of the results to be expected for the year ending December 31, 2015.

Organization and Line of Business

ECO Integrated Technologies, Inc., formerly known as Thunder Run Acquisition Corporation (“ECO Integrated” or “the Company”) was incorporated on July 2, 2013 under the laws of the state of Delaware to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions. ECO Waste Conversion Las Vegas, LLC (“ECO Waste”) was organized on June 29, 2012 under the laws of the state of Nevada.

In August 2014, (i) the Company redeemed, at par value, 19,500,000 shares of its common stock, (ii) the Company issued, at par value, 3,000,000 shares of its common stock to the sole owner of ECO Waste, (iii) the officers and directors of the Company resigned and a new officer and director was appointed, and (iv) the Company changed its name to ECO Waste Conversion Solutions Corporation (collectively, the “Change of Control”). Following the Change of Control, the Company acquired 100% ownership of ECO Waste in exchange for the issuance of ten shares of common stock (the “Share Exchange”). Upon completion of the Change of Control, the Company had an aggregate of 3,500,000 shares of common stock issued and outstanding.

In connection with the Change of Control, ECO Waste paid $100,000 for services in becoming a public reporting company, including the Change of Control.

The exchange of shares with ECO Waste was accounted for as a reverse acquisition under the purchase method of accounting since ECO Waste obtained control of the Company. Accordingly, the exchange was recorded as a recapitalization of ECO Waste, ECO Waste being treated as the continuing entity. The historical financial statements presented are the financial statements of ECO Waste. The share exchange agreement has been treated as a recapitalization and not as a business combination; therefore, no pro forma information is disclosed. At the date of this transaction, the net assets of the legal acquirer, ECO Integrated, were $0.

As a result of the reverse merger transactions described above the historical financial statements presented are those of ECO Waste, the operating entity.

The Company is focused on acquiring and/or developing and commercializing a portfolio of state-of-the-art and environmentally friendly waste handling and treatment solutions by establishing facilities and contracting with governmental and private industry entities to convert waste streams into commercial by-products. The Company’s technology portfolio presently includes (i) certain preferred pricing and other rights in SonCav – a patented water treatment technology, and (ii) a license to utilize a patented technology, referred to as “TCOM” – or Thermal Conversion of Organic Materials, to convert a wide spectrum of waste feedstock into salable by-products, principally carbon, synthetic fuel, synthetic gas and electric power, utilizing pressure, heat and a catalyst. The Company plans to deploy its technologies to (i) establish SonCav as a market leading solution for waste water treatment and desalination; and (ii) establish one or more TCOM facilities, initially targeting the Las Vegas market, to handle waste streams and produce salable by-products. The Company plans to supplement its SonCav and TCOM technology with other complementary environmentally-friendly technologies and solutions to provide a suite of solutions to ever increasing municipal and private industry waste challenges.

6

ECO INTEGRATED TECHNOLOGIES, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

March 31, 2015 and 2014

(Unaudited)

Basis of Presentation

The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, ECO Waste and ECO Management, LLC, and have been prepared in conformity with accounting principles generally accepted in the United States of America. All significant intercompany transactions and balances have been eliminated.

Going Concern

These consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company is unlikely to pay dividends or generate significant earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the Company obtaining necessary equity and debt financing until it can generate sustainable revenue. There is no guarantee that the Company will be able to raise adequate equity or debt financing or generate profitable operations. For the three months ended and the year ended December 31, 2014, the Company incurred a net loss of $3,561,943 and $1,381,406, respectively, and had negative cash flows from operations of $287,706 and $512,185, respectively. As of March 31, 2015 and December 31, 2014 the Company had an accumulated deficit of $5,123,455 and $1,561,512, respectively. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Management intends to raise additional funds through equity or debt financing and to generate cash from the sale of the Company’s products.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. It is possible that accounting estimates and assumptions may be material to the Company due to the levels of subjectivity and judgment involved.

Subsequent Events

The Company has evaluated all transactions from March 31, 2015 through the financial statement issuance date for subsequent event disclosure consideration.

Recent Accounting Pronouncements

No accounting standards or interpretations issued recently are expected to a have a material impact on our consolidated financial position, operations or cash flows.

Note 2 – Furniture and Equipment

The following are the details of the property, equipment and improvements at March 31, 2015 and December 31, 2014:

	March 31,			December 31,
	2015			2014
Furniture and fixtures	$	7,582		$	7,582
Equipment		21,294			13,761
		28,876			21,343
Less accumulated depreciation		(1,366	)		(176	)
Furniture and equipment, net	$	27,510		$	21,167

Depreciation expense for the three months ended March 31, 2015 and 2014 was $1,190 and $0, respectively.

7

ECO INTEGRATED TECHNOLOGIES, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

March 31, 2015 and 2014

(Unaudited)

Note 3 – Other Assets

Waste Conversion Facility — North Las Vegas

The Company entered into a Purchase and Sale Agreement in February 2015 to acquire a developed location that is expected to house its planned initial waste conversion facility in North Las Vegas, Nevada. The acquisition price for the 18.28 acre developed site is $6,750,000, of which a refundable deposit $100,000 was paid to open escrow, with an anticipated closing date of the purchase in late June subject to securing financing to support the acquisition.

Subject to securing funding to finance the site acquisition, site modifications and equipment purchases, the Company intends to initially install four 3.5 ton TCOM Processors with an output consisting of synthetic fuel, synthetic gas, and various grades of carbon. Final design and engineering are underway and the exact configuration and specifications are not yet completed. The estimated timeline for manufacturing and installation of the required equipment and certain building modifications to meet the operational requirements of a TCOM facility is approximately nine months from securing the funding required.

At March 31, 2015, other assets consisted of the $100,000 deposit mentioned above and $26,623 of engineering, consulting and other costs associated with the Las Vegas waste conversion facility.

Note 4 – Notes Receivable

Notes receivable at March 31, 2015 and December 31, 2014 consisted of the following:

	March 31,			December 31,
	2015			2014
CGTC/Lurvey	$	123,313		$	88,979
EETIL		139,288			116,123
Brasil Plus		89,013			32,513
		351,614			237,615
Allowance for uncollectible balances		(351,614	)		(237,615	)
Total notes receivable	$	-		$	-

Carbon Geo-Tek Consultants, Inc. (“CGTC”) and Lurvey Advances

The Company has, from time to time, advanced funds to GCTC and Mr. Lurvey to facilitate efforts to upgrade a facility in Hawaii, securing third party certification and advance the planned business of the Hawaiian joint venture pending receipt of third party financing. The loans are undocumented, unsecured and have no specific repayment terms. Balance of $123,313 and 88,979 at March 31, 2015 and December 31, 2014, respectively, was written off by the Company.

ECO Enviro Technologies International Limited (“EETIL”) Loan

Under the EETIL Loan Agreement, the Company agreed to provide certain loans for use in development of facilities in international markets pending receipt of third party financing. The loans bear interest at 10% per annum and are repayable on December 31, 2016 or earlier from operating profits or the receipt of third party financing.

As further consideration for the loans, the Company was issued a five year warrant to acquire, at $0.01 per share, a non-diluting equity ownership interest in EETIL at the rate of 0.5% for each $10,000 of principal amount loaned. Balance of $139,288 and $116,123 at March 31, 2015 and December 31, 2014, respectively, was written off by the Company.

Brasil Plus Loan

Under the Brasil Plus Loan Agreement, the Company agreed to provide certain loans for use in development of facilities in South American markets pending receipt of third party financing. The loans bear interest at 10% per annum and are repayable on December 31, 2016 or earlier from operating profits or the receipt of third party financing.

8

ECO INTEGRATED TECHNOLOGIES, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

March 31, 2015 and 2014

(Unaudited)

As further consideration for the loans, the Company was issued a five year warrant to acquire, at $0.01 per share, a non-diluting equity ownership interest in Brasil Plus at the rate of 0.5% for each $10,000 of principal amount loaned. Balance of $89,013 and $32,513 at March 31, 2015 and December 31, 2014, respectively was written off by the Company.

In connection with our lending arrangements with CGTC/Lurvey, EETIL and Brasil Plus, the Company has certain rights to either convert loans to equity or to acquire equity in two of those entities. Because each of those entities is in a development stage and currently lacks sufficient assets or operating cash flows to repay the amounts advanced, the Company has recorded a charge to fully write down the amounts advanced to those entities.

Note 5 – Notes Payable

Notes payable at March 31, 2015 and December 31, 2014 consisted of a note payable to an unaffiliated individual that is payable upon demand, bears interest at 12% per annum and is unsecured. The balance of this note payable at March 31, 2015 and December 31, 2014 was $51,922 and $51,970, respectively. 

Note 6 – Stockholders’ Equity

Common stock

The Company has authorized the issuance of 100,000,000 shares of common stock, $0.0001 par value. At March 31, 2015 and December 31, 2014, the Company had 8,360,283 and 7,899,787, respectively, shares of common stock issued and outstanding.

During the three months ended March 31, 2015, the Company issued 460,496 shares of common stock for cash proceeds of $269,235.

Stock options and warrants

The following is a summary of stock option and warrant activity:

					Weighted
			Weighted		Average
	Options/		Average		Remaining		Aggregate
	Warrants		Exercise		Contractual		Intrinsic
	Outstanding		Price		Life		Value
Outstanding, December 31, 2014		-
Granted		10,983,400	$	0.535
Forfeited		-
Exercised		-
Outstanding, March 31, 2015		10,983,400	$	0.535		4.96	$	3,450
Exercisable, March 31, 2015		10,133,400	$	0.535		4.96	$	3,450

The exercise price for options/warrants outstanding and exercisable at March 31, 2015 is as follows:

Outstanding				Exercisable
Number of				Number of
Options/		Exercise		Options/		Exercise
Warrants		Price		Warrants		Price
	230,000	$	0.520		230,000	$	0.520
	10,753,400		0.535		9,903,400		0.535
	10,983,400				10,133,400

9

ECO INTEGRATED TECHNOLOGIES, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

March 31, 2015 and 2014

(Unaudited)

For options granted during 2015 where the exercise price equaled the stock price at the date of the grant, the weighted-average fair value of such options was $0.31 and the weighted-average exercise price of such options was $0.535.   No options were granted during 2015, where the exercise price was greater than the stock price at the date of grant or the exercise was less than the stock price at the date of grant

The fair value of the stock options is being amortized to stock option expense over the vesting period. The Company recorded stock option expense of $3,116,270 and $0 during the three months ended March 31, 2015 and 2014, respectively. At March 31, 2015, the unamortized stock option expense was $284,204 which will be amortized to expense through March 31, 2017.

The assumptions used in calculating the fair value of options granted using the Black-Scholes option- pricing model for options granted are as follows:

Risk-free interest rate	0.25%
Expected life of the options	2.5 to 3.5 years
Expected volatility	100%
Expected dividend yield	0%

Note 7 – Commitments and Contingencies

Lease agreement

The Company currently leases approximately 2,400 square feet of office space in Irvine, California as our executive offices. The average monthly rental under the lease, which expires on April 30, 2015, is $4,958, after which we expect to continue to use the space on a month to month basis.

Rent expense for the three months ended March 31, 2015 and 2014 was $15,095 and $0, respectively.

Employment Agreements

In 2015, the Company appointed additional officers and entered into employment agreements with each of its four executive officers, Jess Rae Booth, Steve Rockey, Walter Carlson and Kristin Johnston.

The Employment Agreement of Mr. Booth has a term of four years and the Employment Agreements of Messrs. Rockey and Carlson and Ms. Johnston each have a term of three years. Following the initial terms of those agreements, unless extended, each of the subject officers’ employment continues on an “at-will” basis. Each of the agreements provides for an annual salary, participation in all employment benefit plans maintained by the Company, including a group medical plan and severance pay ranging from one to five months, depending upon the term of service, in the event the Company terminates employment without cause or the employee terminates for good reason. Additionally, the officers may participate in any incentive compensation plan and performance bonus plan adopted by the Company.

The Employment Agreements fix base salaries of the officers at levels escalating on a quarterly basis during 2015 and semi-annually during 2016 and 2017. Annualized base salaries of the officers are: Jess Rae Booth — $134,500 in 2015; $180,000 in 2016; and $219,000 in 2017; each of Messrs. Rockey and Carlson and Ms. Johnston — $110,000 in 2015; $138,000 in 2016; and $177,000 in 2017.

10

ECO INTEGRATED TECHNOLOGIES, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

March 31, 2015 and 2014

(Unaudited)

Note 8 – Subsequent Events

The following events occurred subsequent to March 31, 2015 and through the date of the release of these financial statements.

In April 2015, the Company loaned an additional $25,000 to SonCav LLC. The loan is repayable, at 110% of face amount, on September 30, 2015 and is convertible, at the Company’s option, into a 0.25% interest in SonCav LLC. Pursuant to that loan, the Company’s rights to acquire SonCav Generators at preferred pricing was increased from five units to ten units per year from 2015 through 2019.

11

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

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our condensed consolidated financial statements and the notes to those financial statements appearing elsewhere in this report.

This discussion and analysis contains forward-looking statements that involve significant risks and uncertainties. As a result of many factors, our actual results may differ materially from those anticipated in these forward-looking statements. In light of these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this report will in fact occur. You should not place undue reliance on the forward-looking statements contained in this report. The forward-looking statements speak only as of the date on which they are made, and, except to the extent required by U.S. federal securities laws, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. Further, the information about our intentions contained in this report is a statement of our intention as of the date of this report and is based upon, among other things, the existing regulatory environment, industry conditions, market conditions and prices, and our assumptions as of such date. We may change our intentions, at any time and without notice, based upon any changes in such factors, in our assumptions or otherwise.

Overview

ECO Integrated Technologies, Inc. is a development stage company focused on acquiring and/or developing and commercializing a portfolio of state-of-the-art and environmentally friendly waste handling and treatment solutions by establishing facilities and contracting with governmental and private industry entities to convert waste streams into commercial by-products. Our technology portfolio presently includes (i) certain preferred pricing and other rights in SonCav – a patented water treatment technology, and (ii) a license to utilize a patented technology, referred to as “TCOM” — or Thermal Conversion of Organic Materials, to convert a wide spectrum of waste feedstock into salable by-products, principally carbon, synthetic fuel, synthetic gas and electric power, utilizing pressure, heat and a catalyst. We plan to deploy our technologies to (i) establish SonCav as a market leading solution for waste water treatment and desalination; and (ii) establish one or more TCOM facilities, initially targeting the Las Vegas market, to handle waste streams and produce salable by-products. We plan to supplement our SonCav and TCOM technology with other complementary environmentally-friendly technologies and solutions to provide a suite of solutions to ever increasing municipal and private industry waste challenges.

History and Development

We were originally incorporated in July 2013, as Thunder Run Acquisition Corporation, under the laws of the State of Delaware. Thunder Run was formed with an initial principal business objective of achieving a business combination with a target company desiring to become a reporting company with a class of securities registered under the Securities Exchange Act of 1934.

In August 2014, (i) Thunder Run redeemed, at par value, 19,500,000 of the 20,000,000 shares then outstanding, (ii) Thunder Run issued, at par value, 3,000,000 shares of common stock to the sole owner of ECO Waste, (iii) the officers and directors of Thunder Run resigned and a new officer and director was appointed, and (iii) the name of Thunder Run was changed to ECO Waste Conversion Solutions Corporation. Following the Change of Control, we acquired 100% ownership of ECO Waste in exchange for ten shares of common stock. In December 2014, we changed the name of our Company to ECO Integrated Technologies, Inc.

ECO Waste is a Nevada limited liability company, formed in 2012. ECO Waste is a development stage company that has initially acquired certain commercial rights in a water treatment technology and a license to utilize the TCOM technology and is in the process of executing a strategy to commercialize a portfolio of technologies through the construction and operation of facilities to convert waste streams and produce salable commercial by-products.

The Share Exchange was accounted for as a reverse acquisition under the purchase method of accounting since the shareholders of ECO Waste obtained control of the combined entity. Accordingly, the exchange was recorded as a recapitalization of ECO Waste, with ECO Waste being treated as the continuing entity. The historical financial statements presented are the financial statements of ECO Waste. As neither Thunder Run nor Eco Waste had any material assets or operations prior to the Share Exchange, pro forma financial information reflecting the Share Exchange would not be material and is not included herewith.

Plan of Operations

Prior to the Share Exchange, and as of March 31, 2015, we had not yet realized any operating revenues.

12

Our plan of operations is presently two-fold. First, we plan to become a preferred provider of state-of-the-art environmentally friendly water remediation, desalination and waste handling and treatment solutions. Second, as an integral component of our waste handling and treatment solutions offered, we plan to derive salable by-products from the conversion of waste streams.

In order to execute on our plan of operations, we intend to assemble and integrate a portfolio of class leading environmentally friendly technologies. To that end, during 2014, we acquired certain rights relating to the commercialization of a patented water treatment technology — SonCav – and a license to utilize, in the United States, the TCOM System. TCOM utilizes a patented proprietary process to convert, rather than combust, waste streams. Unlike combustion treatment solutions, TCOM is environmentally friendly, producing little or no emissions or waste by-products but does produce salable by-products. SonCav is a proprietary patented process using ultrasound to produce purified water from waste water using a controlled cavitation process.

We intend to supplement our TCOM and SonCav technologies with other compatible environmentally friendly waste treatment technologies and are actively engaged in evaluations of potential technology solutions for addition to our offerings.

We plan to target governmental and private industry entities with known waste handling and treatment concerns, initially focusing on municipalities, and to package our solutions as a cost effective and environmentally superior solution to existing waste solutions. Where we obtain “buy-in” from the municipality, or other entities, we expect to contractually secure a specific waste stream and plan to design and construct a facility for the specific conversion of that waste stream into salable by-products. Subject to availability of funding and suitable waste stream supplies, our business is scalable by adding facilities in multiple municipalities and/or to multiple industrial entities.

Typical TCOM facilities are expected to require capital expenditures of $25+ million and nine months to develop and bring operational from receipt of funding. As of March 31, 2015, we did not have available funding, or commitments to provide funding, to support the development and operation of any TCOM facilities.

In addition to offering a solution to waste handling and treatment concerns of municipalities and private industry customers, our facilities are expected to generate salable by-products. Depending on the waste feedstock, principal salable by-products are expected to include various grades of carbon, synthetic fuel, synthetic gas and electricity as well as potable water.

Our business model contemplates multiple revenue streams, principally (i) sales of carbon; (ii) sales of synthetic fuel; (iii) tipping fees from acceptance of certain customer or municipal waste; and (iv) upon commercial deployment of SonCav, water treatment fees to be determined. While not central to our business model, we may also derive benefits from the generation of synthetic gas and electrical power — whether for sale or internal use — and possible tax and financial incentives associated with “green” technology programs.

Operating costs are expected to consist, principally, of labor costs, facilities maintenance and related costs, transportation and related costs and licensing fees associated with use of our technologies. License fees associated with use of the TCOM System include one-time license fees associated with the development and start-up of facilities, totaling $375,000 per TCOM facility and royalties of five percent (5%) of net profits from by-product sales payable over the first five years of operations of each TCOM facility.

Recent Developments

Las Vegas TCOM Facility Site

In February 2015, we entered into a Purchase and Sale Agreement to acquire an 18.28 acre site that is expected to house our initial TCOM facility, in North Las Vegas, Nevada. The site is developed and presently zoned for industrial use but will require a Conditional Use Permit and satisfaction of various municipal requirements before operations can commence. The site contains three tilt-up concrete constructed buildings, including a 62,720 square foot building housing 28,160 square feet of two-story office space and 34,560 square feet of production area; an 8,000 square foot repair shop; and a 30,000 square foot warehouse. In addition, the site has two 18,000 square foot sheds where walls could be added to the existing roof systems for added enclosed storage space and the entire perimeter of the site is enclosed with a chain link fence. The site also includes a rail spur that can accommodate nine rail cars. The contract purchase price of the site is $6.75 million, of which $100,000 was paid to open escrow. The escrow deposit is refundable, at the Company’s option, if it should elect not to close the purchase of the property. Subject to securing necessary purchase money financing, closing is contemplated in the second quarter of 2015.

Subject to our closing of the purchase of the North Las Vegas site and securing necessary financing to support site modifications and equipment purchase and installation, we intend to initially install four 3.5 ton TCOM Processors with an output consisting of synthetic fuel, synthetic gas, and various grades of carbon. Final design and engineering are underway and the exact configuration and specifications are not yet completed. The estimated timeline for manufacturing and installation of the required equipment and certain building modifications to meet the planned operational requirements is approximately nine months from securing the funding required, which is expected to total approximately $20.8 million above and beyond the acquisition price of the site.

13

Additional Loans to SonCav

In April 2015, we loaned an additional $25,000 to SonCav LLC. The loan is repayable, at 110% of face amount, on September 30, 2015 and is convertible, at our option, into a 0.25% interest in SonCav LLC. Pursuant to that loan, our rights to acquire SonCav Generators at preferred pricing was increased from five units to ten units per year from 2015 through 2019.

Employment Agreements

In 2015, we appointed additional officers and entered into employment agreements with each of our four executive officers, Jess Rae Booth, Steve Rockey, Walter Carlson and Kristin Johnston.

The Employment Agreement of Mr. Booth has a term of four years and the Employment Agreements of Messrs. Rockey and Carlson and Ms. Johnston each have a term of three years. Following the initial terms of those agreements, unless extended, each of the subject officers’ employment continues on an “at-will” basis. Each of the agreements provides for an annual salary, participation in all employment benefit plans maintained by the Company, including a group medical plan and severance pay ranging from one to five months, depending upon the term of service, in the event the Company terminates employment without cause or the employee terminates for good reason. Additionally, the officers may participate in any incentive compensation plan and performance bonus plan adopted by the Company.

The Employment Agreements fix base salaries of the officers at levels escalating on a quarterly basis during 2015 and semi-annually during 2016 and 2017. Annualized base salaries of the officers are: Jess Rae Booth — $134,500 in 2015; $180,000 in 2016; and $219,000 in 2017; each of Messrs. Rockey and Carlson and Ms. Johnston — $110,000 in 2015; $138,000 in 2016; and $177,000 in 2017.

Stock Option Grants

During the quarter ended March 31, 2015, we granted stock options and warrants to key employees and consultants to purchase a total of 10,983,400 shares of common stock at an average exercise price of $0.535 per share. We recorded a charge totaling $3,116,270 associated with the grant of the options and warrants.

Stock Issuances

During the quarter ended March 31, 2015, we issued a total of 460,496 shares of common stock for gross proceeds of $269,235.

Loans

During the quarter ended March 31, 2015, we made additional advances to CGTC/Michael Lurvey of $34,334, Brasil Plus of $56,500 and EETIL of $23,165. While we continue to advance funds to each of those entities in connection with ongoing efforts to commercialize TCOM, we have written off each of those advances as of March 31, 2015.

Results of Operations

Three Months ended March 31, 2015 Compared to the Three Months ended March 31, 2014

Sales

We have not commenced selling our products as of March 31, 2015; therefore our sales for both the three months ended March 31, 2015 and 2014 were $0.

General and Administrative Expenses

General and administrative expenses consisted primarily of consulting fees and related costs, rental expenses, and travel expenses. General and administrative expenses were $330,586 for the three months ended March 31, 2015 as compared to $33,217 for three months ended March 31, 2014. The increase for the three months ended March 31, 2015 compared to the same period in 2013 was $297,369, or 895%. The increase in general and administrative expenses was mainly due to acceleration of execution on our business plan and costs associated with our public reporting obligations. Specifically, our consulting fees and related costs increased by approximately $115,000 and our professional fees increased by approximately $140,000. We anticipate that our general and administrative expenses will increase over the next twelve months as we further execute our business plan.

14

Stock-Based Compensation

Stock-based compensation consisted of the fair value of the stock options and warrants issued to employees and third party service providers. Stock-based compensation was $3,116,270 for the three months ended March 31, 2015 as compared to $0 for the three months ended March 31, 2014. The increase in stock-based compensation is due to the issuance of 10,983,400 options and warrants to purchase common stock issued during the three months ended March 31, 2015. There were no such issuances in 2014.

Write down of assets

In connection with our efforts to commercialize our TCOM technology, we have entered into lending arrangements with three development stage entities involved in the development or international commercialization of TCOM. We advanced $113,999 and $12,645 to those entities during three months ended March 31, 2015 and 2014, respectively. In connection with our lending arrangements with those entities, we have certain rights to either convert loans to equity or to acquire equity in two of those entities. Because each of those entities is in a development stage and currently lacks sufficient assets or operating cash flows to repay the amounts advanced, we have recorded an expense reflecting a write down in full of the amounts advanced to those entities.

Interest Expense

Interest expense for the three months ended March 31, 2015 was $1,088 as compared to $0 for the three months ended March 31, 2014. The increase is due to the increase in interest bearing notes payable in 2015 as compared to 2014.

Financial Condition

Liquidity and Capital Resources

Our principal sources of liquidity include cash from the issuance of notes payable and the sale of common stock. During the three months ended March 31, 2015 and the year ended December 31, 2014, we received cash of $269,235 and $1,470,485, respectively, from the issuance of shares of our common stock. Also, during the years ended December 31, 2013 and 2014 we received cash of $106,718 and $104,971, respectively, from the issuance of notes payable.

As of March 31, 2015, our cash totaled $173,871 and our working capital totaled $55,559 as compared to a cash balance of $433,045 and working capital of $362,463 as of December 31, 2014.

Cash Flows

The following table sets forth a summary of our cash flows for the periods indicated:

	Three months ended March 31,
	2015			2014
Net cash used in operating activities	$	(282,706	)	$	(35,717	)
Net cash used in investing activities		(245,655	)		(12,645	)
Net cash provided by financing activities		269,187			48,377

Operating Activities. Net cash used in operating activities was $282,706 for the three months ended March 31, 2015, an increase of $246,989, compared to $35,717 for the three months ended March 31, 2014. The increase in cash used in operating activities was mainly attributable to the increase in the net loss; partially offset by an increase in non-cash stock option expense, write down of assets and an increase in accounts payable, all associated with acceleration of our business plan.

Investing Activities. Net cash used in investing activities for the three months ended March 31, 2015 was $245,655, an increase of $233,010, compared to $12,645 for the three months ended March 31, 2014. The increase in cash used in investing activities related to increase in issuance of notes receivable to third parties; purchases of furniture and equipment and the deposit and other costs paid associated with the Las Vegas conversion facility.

Financing Activities. Net cash provided by financing activities for the three months ended March 31, 2015 was $269,187 compared to $48,377 for the three months ended March 31, 2014. During the three months ended March 31, 2015, we received $269,235 from the sale of 460,496 shares of our common stock. During the three months ended March 31, 2014, we received $48,377 from the issuance of notes payable.

15

Notes and advances receivable

During the three months ended March 31, 2015 and the years ended December 31, 2014 and 2013, we advanced funds to various entities with which we have existing or potential strategic relationship. Two of those loans included the grant of certain equity rights.

Carbon Geo-Tek Consultants, Inc. (“CGTC”) and Lurvey Advances.   We have, from time to time, advanced funds to CGTC and Lurvey to facilitate efforts to upgrade a facility in Hawaii, secure third party certification and advance the planned business of our Hawaiian joint venture pending receipt of third party financing. The advances are undocumented unsecured loans with no specific repayment terms. At March 31, 2015 and December 31, 2014, advances to CGTC and Mr. Lurvey totaled $123,313 and $88,979, respectively.

ECO Enviro Technologies International Limited (“EETIL”) Loan.   Under the EETIL Loan Agreement, we agreed to provide certain loans for use in development of facilities in international markets pending receipt of third party financing. The loans bear interest at 10% per annum and are repayable on December 31, 2016 or earlier from operating profits or the receipt of third party financing. As further consideration for the loans, we were issued a five year warrant to acquire, at $0.01 per share, a non-diluting equity ownership interest in EETIL at the rate of 0.5% for each $10,000 of principal amount loaned. At March 31, 2015 and December 31, 2014, advances under the EETIL Loan Agreement totaled $139,288 and $116,123, respectively.

Brasil Plus Loan.   Under the Brasil Plus Loan Agreement, we agreed to provide certain loans for use in development of facilities in South American markets pending receipt of third party financing. The loans bear interest at 10% per annum and are repayable on December 31, 2016 or earlier from operating profits or the receipt of third party financing. As further consideration for the loans, we were issued a five year warrant to acquire, at $0.01 per share, a non-diluting equity ownership interest in Brasil Plus at the rate of 0.5% for each $10,000 of principal amount loaned. At March 31, 2105 and December 31, 2014, advances under the Brasil Plus Loan Agreement totaled $89,013 and $32,513, respectively.

Sonic Cavitation Ltd. Convertible Bridge Loan.   Under the Sonic Convertible Bridge Loan Agreement, we agreed to provide $200,000 to Sonic Cavitation Ltd. (“SCLtd”) and Sonic Cavitation LLC, (“SonCav”). The loans provided for interest at 10% per annum and were repayable on November 30, 2015. The loans were convertible, at our option, into a non-diluting 3% interest in SonCav and a non-diluting 0.25% interest in SCLtd. In December 2014, we converted the full amount owing under the Sonic Convertible Bridge Loan into a non-diluting 3% equity ownership interest in SonCav and a non-diluting 0.25% equity ownership interest in SCLtd. In April 2015, we loaned an additional $25,000 to SonCav LLC. The loan is repayable, at 110% of face amount, on September 30, 2015 and is convertible, at our option, into a 0.25% interest in SonCav LLC. Pursuant to that loan, our rights to acquire SonCav Generators at preferred pricing was increased from five units to ten units per year from 2015 through 2019.

While we intend to continue to advance funds to CGTC, EETIL and Brasil Plus as part of our plans to commercialize our TCOM technology and intend to make additional investments in SonCav, because of the uncertainty of future collection of such advances and realization of value from investments, we have fully written down all amounts loaned to each of CGTC, EETIL and Brasil Plus and our investment in SonCav. Accordingly, the notes balances and investment are reflected on our balance sheet at zero.

Commitments

We entered into a license agreement with the developer and patent-holder on the TCOM technology. As consideration for the license and associated services, we are obligated to pay the following fees with respect to TCOM facilities:

• Prepaid License Fee:   A prepaid license fee of  $125,000 for site specific design and equipment specification work for each licensed facility, payable on initial draw of funding for construction of the facility;

• Additional Licensing Fee:   An additional license fee of  $250,000 per facility, payable $150,000 on commencement of construction of a TCOM facility and $100,000 following completion of the first full calendar month of commercial operations of each TCOM facility; provided that the quantity and quality of salable by-products from such operations are substantially in compliance with the facility operating specifications;

• Production Royalties:   Royalties in an amount equal to five percent of net profits from the sale of by-products from each TCOM facility, payable on a quarterly basis for a period of five years; and

• Las Vegas Prepaid License Fee:   With respect to the initial facility, planned in North Las Vegas, the fees otherwise payable, as described above, are modified to provide that total applicable license fees of  $375,000 are payable (i) $175,000 in advance; and (ii) $200,000 in the month following the first full calendar quarter of commercial operations.

As of March 31, 2015 and December 31, 2014, we had prepaid a licensing fee of $175,000 relating to the planned North Las Vegas TCOM Facility.

16

Capital Requirements

In order to implement our business plan, we will require substantial funding beyond our current resources. With respect to our planned TCOM facility in North Las Vegas, Nevada, we expect that our capital expenditures will be approximately $27.5 million, consisting of $6.75 million payable for the site presently under contract and approximately $20.8 million for facilities upgrades and equipment installation. Future TCOM facilities can be expected to cost $25+ million to acquire, develop and bring operational.

In addition to funding of capital expenditures, we will also require operating capital to support overhead and facilities operations until such time, if ever, as cash flows from operations support operations. The amount of operating capital required will depend on the number and size of facilities operated, among other factors, and the time period required to attain profitability. We anticipate that the minimum requirements for additional operating capital over 2015 will be approximately $1.2 million.

We are presently engaged in discussions with financing sources with respect to providing funding to support capital expenditures relating to our planned North Las Vegas TCOM facility and other facilities and to support our operating capital requirements. We do not presently have sufficient capital to acquire, develop or operate our planned North Las Vegas TCOM facility, or any other facilities, and do not have any commitments to provide such capital. If we are unable to secure the financing required to complete the acquisition, development and bring operational the North Las Vegas Facility, or other facilities, or to secure the needed funding on acceptable terms, we will be unable to execute, in part or in whole, our business plan and we may be required to curtail or cease operations.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements.

Inflation

We believe that inflation has not had a significant impact on our operations since inception.

17

ITEM 3 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable

ITEM 4 CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Under the supervision and the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation as of March 31, 2015 of the effectiveness of the design and operation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934, as amended. Based on this evaluation, our principal executive officer and our principal financial officer concluded that our disclosure controls and procedures were not effective as of March 31, 2015.

Changes in Internal Control over Financial Reporting

No change in our internal control over financial reporting (as defined in Rule 13a-15(f) under the Securities Exchange Act of 1934) occurred during the quarter ended March 31, 2015 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II

ITEM 6 EXHIBITS

Exhibit No.	Description
31.1	Certification of CEO pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of CFO pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of CEO Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2	Certification of CFO Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

18

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf by the undersigned thereunto duly authorized.

	ECO INTEGRATED TECHNOLOGIES, INC.
Date:  April 30, 2015
	By:	/s/ Jess Rae Booth
		Jess Rae Booth
		Chief Executive Officer
	By:	/s/ Walter Carlson
		Walter Carlson
		Chief Financial Officer

19

EX-31.1

Exhibit 31.1

SECTION 302

CERTIFICATION

I, Jess Rae Booth, certify that:

1. I have reviewed this quarterly report on Form 10-Q of ECO Integrated Technologies, 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 respect the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a–15(f) and 15d–15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: April 30, 2015	/s/ Jess Rae Booth
	Jess Rae Booth,
	Principal Executive Officer

EX-31.2

Exhibit 31.2

SECTION 302

CERTIFICATION

I, Walter Carlson, certify that:

1. I have reviewed this quarterly report on Form 10-Q of ECO Integrated Technologies, 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 respect the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a–15(f) and 15d–15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: April 30, 2015	/s/ Walter Carlson
	Walter Carlson,
	Principal Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Jess Rae Booth, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report of ECO Integrated Technologies, Inc. on Form 10-Q for the quarter ended March 31, 2015 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Form 10-Q fairly presents in all material respects the financial condition and results of operations of ECO Integrated Technologies, Inc.

By:	/s/ Jess Rae Booth
Name:	Jess Rae Booth
Title:	Chief Executive Officer
Dated:	April 30, 2015

EX-32.2

Exhibit 32.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Walter Carlson, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report of ECO Integrated Technologies, Inc. on Form 10-Q for the quarter ended March 31, 2015 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Form 10-Q fairly presents in all material respects the financial condition and results of operations of ECO Integrated Technologies, Inc.

By:	/s/ Walter Carlson
Name:	Walter Carlson
Title:	Chief Financial Officer
Dated:	April 30, 2015

XML

Stockholders' Equity (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Options/Warrants Outstanding
Outstanding, March 31, 2015	10,983,400
Exercisable, March 31, 2015	10,133,400
Stock options and warrants
Options/Warrants Outstanding
Outstanding, December 31, 2014
Granted	10,983,400
Forfeited
Exercised
Outstanding, March 31, 2015	10,983,400
Exercisable, March 31, 2015	10,133,400
Weighted Average Exercise Price
Outstanding, December 31, 2014
Granted	$ 0.535
Outstanding, March 31, 2015	$ 0.535
Exercisable, March 31, 2015	$ 0.535
Weighted Average Remaining Contractual Life
Outstanding, March 31, 2015	4 years 11 months 16 days
Exercisable, March 31, 2015	4 years 11 months 16 days
Aggregate Intrinsic Value
Outstanding, March 31, 2015	$ 3,450
Exercisable, March 31, 2015	$ 3,450

XML

Notes Receivable

3 Months Ended

Mar. 31, 2015

Notes Receivable [Abstract]

Notes Receivable

Note 4 – Notes Receivable

Notes receivable at March 31, 2015 and December 31, 2014 consisted of the following:

	March 31,			December 31,
	2015			2014
CGTC/Lurvey	$	123,313		$	88,979
EETIL		139,288			116,123
Brasil Plus		89,013			32,513
		351,614			237,615
Allowance for uncollectible balances		(351,614	)		(237,615	)
Total notes receivable	$	-		$	-

Carbon Geo-Tek Consultants, Inc. (“CGTC”) and Lurvey Advances

The Company has, from time to time, advanced funds to GCTC and Mr. Lurvey to facilitate efforts to upgrade a facility in Hawaii, securing third party certification and advance the planned business of the Hawaiian joint venture pending receipt of third party financing. The loans are undocumented, unsecured and have no specific repayment terms. Balance of $123,313 and 88,979 at March 31, 2015 and December 31, 2014, respectively, was written off by the Company.

ECO Enviro Technologies International Limited (“EETIL”) Loan

Under the EETIL Loan Agreement, the Company agreed to provide certain loans for use in development of facilities in international markets pending receipt of third party financing. The loans bear interest at 10% per annum and are repayable on December 31, 2016 or earlier from operating profits or the receipt of third party financing.

As further consideration for the loans, the Company was issued a five year warrant to acquire, at $0.01 per share, a non-diluting equity ownership interest in EETIL at the rate of 0.5% for each $10,000 of principal amount loaned. Balance of $139,288 and $116,123 at March 31, 2015 and December 31, 2014, respectively, was written off by the Company.

Brasil Plus Loan

Under the Brasil Plus Loan Agreement, the Company agreed to provide certain loans for use in development of facilities in South American markets pending receipt of third party financing. The loans bear interest at 10% per annum and are repayable on December 31, 2016 or earlier from operating profits or the receipt of third party financing.

As further consideration for the loans, the Company was issued a five year warrant to acquire, at $0.01 per share, a non-diluting equity ownership interest in Brasil Plus at the rate of 0.5% for each $10,000 of principal amount loaned. Balance of $89,013 and $32,513 at March 31, 2015 and December 31, 2014, respectively was written off by the Company.

In connection with our lending arrangements with CGTC/Lurvey, EETIL and Brasil Plus, the Company has certain rights to either convert loans to equity or to acquire equity in two of those entities. Because each of those entities is in a development stage and currently lacks sufficient assets or operating cash flows to repay the amounts advanced, the Company has recorded a charge to fully write down the amounts advanced to those entities.

XML

Commitments and Contingencies (Detail Textuals) (USD $)	3 Months Ended
	Mar. 31, 2015 sqft	Mar. 31, 2014
Lease agreement
Commitments And Contingencies [Line Items]
Leases in square feet	2,400
Average monthly rental on lease	$ 4,958
Rent expense	15,095	0
Employment agreements
Commitments And Contingencies [Line Items]
Number of executive officers	4
Employment agreements | Jess Rae Booth
Commitments And Contingencies [Line Items]
Term of agreement (in years)	4 years
Annualized base salaries of officer in 2015	134,500
Annualized base salaries of officer in 2016	180,000
Annualized base salaries of officer in 2017	219,000
Employment agreements | Steve Rockey
Commitments And Contingencies [Line Items]
Term of agreement (in years)	3 years
Annualized base salaries of officer in 2015	110,000
Annualized base salaries of officer in 2016	138,000
Annualized base salaries of officer in 2017	177,000
Employment agreements | Walter Carlson
Commitments And Contingencies [Line Items]
Term of agreement (in years)	3 years
Annualized base salaries of officer in 2015	110,000
Annualized base salaries of officer in 2016	138,000
Annualized base salaries of officer in 2017	177,000
Employment agreements | Kristin Johnston
Commitments And Contingencies [Line Items]
Term of agreement (in years)	3 years
Annualized base salaries of officer in 2015	110,000
Annualized base salaries of officer in 2016	138,000
Annualized base salaries of officer in 2017	$ 177,000

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Stockholders' Equity (Detail Textuals) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Aug. 31, 2014
Stockholders' Equity Note [Abstract]
Common stock, shares authorized	100,000,000	100,000,000
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares issued	8,360,283	7,899,787	3,500,000
Common stock, shares outstanding	8,360,283	7,899,787	3,500,000
Shares issued for cash (in shares)	460,496
Shares issued for cash, value	$ 269,235
Weighted average fair value of options granted	$ 0.31
Weighted average exercise price of options outstanding	$ 0.535
Stock option expense	3,116,270
Unamortized stock option expense	$ 284,204

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Subsequent Events (Detail textuals) (Subsequent event, SonCav LLC, USD $)	1 Months Ended
	Apr. 30, 2015
Subsequent event | SonCav LLC
Subsequent Event [Line Items]
Additional loan advance	$ 25,000
Loan repayment percentage of face value	110.00%
Percentage of equity ownership interest	0.25%
Preferred pricing units per year	Five units
Increased preferred pricing units per year	Ten units

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Other Assets

3 Months Ended

Mar. 31, 2015

Other Assets [Abstract]

Other Assets

Note 3 – Other Assets

Waste Conversion Facility — North Las Vegas

The Company entered into a Purchase and Sale Agreement in February 2015 to acquire a developed location that is expected to house its planned initial waste conversion facility in North Las Vegas, Nevada. The acquisition price for the 18.28 acre developed site is $6,750,000, of which a refundable deposit $100,000 was paid to open escrow, with an anticipated closing date of the purchase in late June subject to securing financing to support the acquisition.

Subject to securing funding to finance the site acquisition, site modifications and equipment purchases, the Company intends to initially install four 3.5 ton TCOM Processors with an output consisting of synthetic fuel, synthetic gas, and various grades of carbon. Final design and engineering are underway and the exact configuration and specifications are not yet completed. The estimated timeline for manufacturing and installation of the required equipment and certain building modifications to meet the operational requirements of a TCOM facility is approximately nine months from securing the funding required.

At March 31, 2015, other assets consisted of the $100,000 deposit mentioned above and $26,623 of engineering, consulting and other costs associated with the Las Vegas waste conversion facility.

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Current assets:
Cash	$ 173,871	$ 433,045
Prepaid expenses and other current assets	9,116	12,886
Total current assets	182,987	445,931
Furniture and equipment, net	27,510	21,167
Licensing fee	175,000	175,000
Other assets	126,623	2,500
Total assets	512,120	644,598
Current liabilities:
Accounts payable and accrued expenses	75,506	31,498
Notes payable	51,922	51,970
Total current liabilities	127,428	83,468
Stockholders' equity:
Preferred stock, ($0.0001 par value; 20,000,000 shares authorized, 1,000,000 shares issued and outstanding)	100	100
Common stock, ($0.0001 par value; 100,000,000 shares authorized 8,360,283 and 7,899,787 shares issued and outstanding)	836	790
Additional paid-in capital	5,507,211	2,121,752
Accumulated deficit	(5,123,455)	(1,561,512)
Total stockholders' equity	384,692	561,130
Total liabilities and stockholders' equity	$ 512,120	$ 644,598

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Organization, Basis of Presentation and Significant Accounting Policies

3 Months Ended

Mar. 31, 2015

Organization, Basis Of Presentation And Significant Accounting Policies [Abstract]

Organization, Basis of Presentation and Significant Accounting Policies

Note 1 - Organization, Basis of Presentation and Significant Accounting Policies

The unaudited consolidated financial statements were prepared by ECO Integrated Technologies, Inc., pursuant to the rules and regulations of the Securities Exchange Commission (“SEC”). The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments) which are, in the opinion of management, necessary to fairly present the operating results for the respective periods. Certain information and footnote disclosures normally present in annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) were omitted pursuant to such rules and regulations. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. The results for the three months ended March 31, 2015, are not necessarily indicative of the results to be expected for the year ending December 31, 2015.

Organization and Line of Business

ECO Integrated Technologies, Inc., formerly known as Thunder Run Acquisition Corporation (“ECO Integrated” or “the Company”) was incorporated on July 2, 2013 under the laws of the state of Delaware to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions. ECO Waste Conversion Las Vegas, LLC (“ECO Waste”) was organized on June 29, 2012 under the laws of the state of Nevada.

In August 2014, (i) the Company redeemed, at par value, 19,500,000 shares of its common stock, (ii) the Company issued, at par value, 3,000,000 shares of its common stock to the sole owner of ECO Waste, (iii) the officers and directors of the Company resigned and a new officer and director was appointed, and (iv) the Company changed its name to ECO Waste Conversion Solutions Corporation (collectively, the “Change of Control”). Following the Change of Control, the Company acquired 100% ownership of ECO Waste in exchange for the issuance of ten shares of common stock (the “Share Exchange”). Upon completion of the Change of Control, the Company had an aggregate of 3,500,000 shares of common stock issued and outstanding.

In connection with the Change of Control, ECO Waste paid $100,000 for services in becoming a public reporting company, including the Change of Control.

The exchange of shares with ECO Waste was accounted for as a reverse acquisition under the purchase method of accounting since ECO Waste obtained control of the Company. Accordingly, the exchange was recorded as a recapitalization of ECO Waste, ECO Waste being treated as the continuing entity. The historical financial statements presented are the financial statements of ECO Waste. The share exchange agreement has been treated as a recapitalization and not as a business combination; therefore, no pro forma information is disclosed. At the date of this transaction, the net assets of the legal acquirer, ECO Integrated, were $0.

As a result of the reverse merger transactions described above the historical financial statements presented are those of ECO Waste, the operating entity.

The Company is focused on acquiring and/or developing and commercializing a portfolio of state-of-the-art and environmentally friendly waste handling and treatment solutions by establishing facilities and contracting with governmental and private industry entities to convert waste streams into commercial by-products. The Company’s technology portfolio presently includes (i) certain preferred pricing and other rights in SonCav – a patented water treatment technology, and (ii) a license to utilize a patented technology, referred to as “TCOM” – or Thermal Conversion of Organic Materials, to convert a wide spectrum of waste feedstock into salable by-products, principally carbon, synthetic fuel, synthetic gas and electric power, utilizing pressure, heat and a catalyst. The Company plans to deploy its technologies to (i) establish SonCav as a market leading solution for waste water treatment and desalination; and (ii) establish one or more TCOM facilities, initially targeting the Las Vegas market, to handle waste streams and produce salable by-products. The Company plans to supplement its SonCav and TCOM technology with other complementary environmentally-friendly technologies and solutions to provide a suite of solutions to ever increasing municipal and private industry waste challenges.

Basis of Presentation

The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, ECO Waste and ECO Management, LLC, and have been prepared in conformity with accounting principles generally accepted in the United States of America. All significant intercompany transactions and balances have been eliminated.

Going Concern

These consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company is unlikely to pay dividends or generate significant earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the Company obtaining necessary equity and debt financing until it can generate sustainable revenue. There is no guarantee that the Company will be able to raise adequate equity or debt financing or generate profitable operations. For the three months ended and the year ended December 31, 2014, the Company incurred a net loss of $3,561,943 and $1,381,406, respectively, and had negative cash flows from operations of $287,706 and $512,185, respectively. As of March 31, 2015 and December 31, 2014 the Company had an accumulated deficit of $5,123,455 and $1,561,512, respectively. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Management intends to raise additional funds through equity or debt financing and to generate cash from the sale of the Company’s products.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. It is possible that accounting estimates and assumptions may be material to the Company due to the levels of subjectivity and judgment involved.

Subsequent Events

The Company has evaluated all transactions from March 31, 2015 through the financial statement issuance date for subsequent event disclosure consideration.

Recent Accounting Pronouncements

No accounting standards or interpretations issued recently are expected to a have a material impact on our consolidated financial position, operations or cash flows.

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Notes Receivable (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Notes Receivable [Line Items]
Notes receivable, gross	$ 351,614	$ 237,615
Allowance for uncollectible balances	(351,614)	(237,615)
Total
CGTC/Lurvey
Notes Receivable [Line Items]
Notes receivable, gross	123,313	88,979
Allowance for uncollectible balances	(123,313)	(88,979)
EETIL
Notes Receivable [Line Items]
Notes receivable, gross	139,288	116,123
Allowance for uncollectible balances	(139,288)	(116,123)
Brasil Plus
Notes Receivable [Line Items]
Notes receivable, gross	89,013	32,513
Allowance for uncollectible balances	$ (89,013)	$ (32,513)

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Notes Payable (Detail Textuals) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Debt Disclosure [Abstract]
Unsecured notes payable interest rate	12.00%
Balance of note payable	$ 51,922	$ 51,970

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Furniture and Equipment

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Furniture and Equipment

Note 2 – Furniture and Equipment

The following are the details of the property, equipment and improvements at March 31, 2015 and December 31, 2014:

	March 31,			December 31,
	2015			2014
Furniture and fixtures	$	7,582		$	7,582
Equipment		21,294			13,761
		28,876			21,343
Less accumulated depreciation		(1,366	)		(176	)
Furniture and equipment, net	$	27,510		$	21,167

Depreciation expense for the three months ended March 31, 2015 and 2014 was $1,190 and $0, respectively.

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parentheticals) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	1,000,000	1,000,000
Preferred stock, shares outstanding	1,000,000	1,000,000
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	8,360,283	7,899,787
Common stock, shares outstanding	8,360,283	7,899,787

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Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2015

Stockholders' Equity Note [Abstract]

Summary of stock option and warrant activity

					Weighted
			Weighted		Average
	Options/		Average		Remaining		Aggregate
	Warrants		Exercise		Contractual		Intrinsic
	Outstanding		Price		Life		Value
Outstanding, December 31, 2014		-
Granted		10,983,400	$	0.535
Forfeited		-
Exercised		-
Outstanding, March 31, 2015		10,983,400	$	0.535		4.96	$	3,450
Exercisable, March 31, 2015		10,133,400	$	0.535		4.96	$	3,450

Summary of exercise price for options and warrants outstanding and exercisable

Outstanding				Exercisable
Number of				Number of
Options/		Exercise		Options/		Exercise
Warrants		Price		Warrants		Price
	230,000	$	0.520		230,000	$	0.520
	10,753,400		0.535		9,903,400		0.535
	10,983,400				10,133,400

Summary of assumptions used in calculating the fair value of options granted

Risk-free interest rate	0.25%
Expected life of the options	2.5 to 3.5 years
Expected volatility	100%
Expected dividend yield	0%

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Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 28, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	ECO Integrated Technologies, Inc.
Entity Central Index Key	0001586609
Trading Symbol	ecoi
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		8,548,194
Document Type	10-Q
Document Period End Date	Mar. 31, 2015
Amendment Flag	false
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

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Organization, Basis of Presentation and Significant Accounting Policies (Detail Textuals) (USD $)	1 Months Ended	3 Months Ended		12 Months Ended
	Aug. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Organization, Basis Of Presentation And Significant Accounting Policies [Abstract]
Number of common stock redeemed	19,500,000
Number common stock issued to sole owner of ECO Waste	3,000,000
Percentage of shares acquired	100.00%
Number of shares exchanged	10
Common stock, shares issued	3,500,000	8,360,283		7,899,787
Common stock, shares outstanding	3,500,000	8,360,283		7,899,787
Amount paid for services	$ 100,000
Net assets of legal acquirer	0
Net loss		3,561,943	45,862	1,381,406
Cash flows from operations		287,706		512,185
Accumulated deficit		$ 5,123,455		$ 1,561,512

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Sales
Cost of goods sold
Gross profit
Operating expenses:
General and administrative expenses	330,586	33,217
Stock-based compensation	3,116,270
Write down of assets	113,999	12,645
Total operating expenses	3,560,855	45,862
Loss from operations	(3,560,855)	(45,862)
Other income (expense):
Interest expense	(1,088)
Total other income (expense)	(1,088)
Loss before provision for income taxes	(3,561,943)	(45,862)
Provision for income taxes
Net loss	$ (3,561,943)	$ (45,862)
Net loss per share:
Basic (in dollars per share)	$ (0.44)	$ (0.02)
Diluted (in dollars per share)	$ (0.44)	$ (0.02)
Weighted average number of common shares outstanding:
Basic (in shares)	8,064,521	3,000,000
Diluted (in shares)	8,064,521	3,000,000

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Commitments and Contingencies

3 Months Ended

Mar. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 7 – Commitments and Contingencies

Lease agreement

The Company currently leases approximately 2,400 square feet of office space in Irvine, California as our executive offices. The average monthly rental under the lease, which expires on April 30, 2015, is $4,958, after which we expect to continue to use the space on a month to month basis.

Rent expense for the three months ended March 31, 2015 and 2014 was $15,095 and $0, respectively.

Employment Agreements

In 2015, the Company appointed additional officers and entered into employment agreements with each of its four executive officers, Jess Rae Booth, Steve Rockey, Walter Carlson and Kristin Johnston.

The Employment Agreement of Mr. Booth has a term of four years and the Employment Agreements of Messrs. Rockey and Carlson and Ms. Johnston each have a term of three years. Following the initial terms of those agreements, unless extended, each of the subject officers’ employment continues on an “at-will” basis. Each of the agreements provides for an annual salary, participation in all employment benefit plans maintained by the Company, including a group medical plan and severance pay ranging from one to five months, depending upon the term of service, in the event the Company terminates employment without cause or the employee terminates for good reason. Additionally, the officers may participate in any incentive compensation plan and performance bonus plan adopted by the Company.

The Employment Agreements fix base salaries of the officers at levels escalating on a quarterly basis during 2015 and semi-annually during 2016 and 2017. Annualized base salaries of the officers are: Jess Rae Booth — $134,500 in 2015; $180,000 in 2016; and $219,000 in 2017; each of Messrs. Rockey and Carlson and Ms. Johnston — $110,000 in 2015; $138,000 in 2016; and $177,000 in 2017.

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Stockholders' Equity

3 Months Ended

Mar. 31, 2015

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Note 6 – Stockholders’ Equity

Common stock

The Company has authorized the issuance of 100,000,000 shares of common stock, $0.0001 par value. At March 31, 2015 and December 31, 2014, the Company had 8,360,283 and 7,899,787, respectively, shares of common stock issued and outstanding.

During the three months ended March 31, 2015, the Company issued 460,496 shares of common stock for cash proceeds of $269,235.

Stock options and warrants

The following is a summary of stock option and warrant activity:

					Weighted
			Weighted		Average
	Options/		Average		Remaining		Aggregate
	Warrants		Exercise		Contractual		Intrinsic
	Outstanding		Price		Life		Value
Outstanding, December 31, 2014		-
Granted		10,983,400	$	0.535
Forfeited		-
Exercised		-
Outstanding, March 31, 2015		10,983,400	$	0.535		4.96	$	3,450
Exercisable, March 31, 2015		10,133,400	$	0.535		4.96	$	3,450

The exercise price for options/warrants outstanding and exercisable at March 31, 2015 is as follows:

Outstanding				Exercisable
Number of				Number of
Options/		Exercise		Options/		Exercise
Warrants		Price		Warrants		Price
	230,000	$	0.520		230,000	$	0.520
	10,753,400		0.535		9,903,400		0.535
	10,983,400				10,133,400

For options granted during 2015 where the exercise price equaled the stock price at the date of the grant, the weighted-average fair value of such options was $0.31 and the weighted-average exercise price of such options was $0.535.   No options were granted during 2015, where the exercise price was greater than the stock price at the date of grant or the exercise was less than the stock price at the date of grant

The fair value of the stock options is being amortized to stock option expense over the vesting period. The Company recorded stock option expense of $3,116,270 and $0 during the three months ended March 31, 2015 and 2014, respectively. At March 31, 2015, the unamortized stock option expense was $284,204 which will be amortized to expense through March 31, 2017.

The assumptions used in calculating the fair value of options granted using the Black-Scholes option- pricing model for options granted are as follows:

Risk-free interest rate	0.25%
Expected life of the options	2.5 to 3.5 years
Expected volatility	100%
Expected dividend yield	0%

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Notes Receivable (Detail Textuals) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Notes Receivable [Line Items]
Advances written off	$ 351,614	$ 237,615
CGTC/Lurvey
Notes Receivable [Line Items]
Advances written off	123,313	88,979
EETIL
Notes Receivable [Line Items]
Loans interest rate	10.00%
Period of warrants issue	5 years
Warrant price per share	$ 0.01
Percentage of equity ownership interest	0.50%
Loan principal amount	10,000
Advances written off	139,288	116,123
Brasil Plus
Notes Receivable [Line Items]
Loans interest rate	10.00%
Period of warrants issue	5 years
Warrant price per share	$ 0.01
Percentage of equity ownership interest	0.50%
Loan principal amount	10,000
Advances written off	$ 89,013	$ 32,513

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Furniture and Equipment (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Furniture and fixtures	$ 7,582	$ 7,582
Equipment	21,294	13,761
Furniture and equipment, gross	28,876	21,343
Less accumulated depreciation	(1,366)	(176)
Furniture and equipment, net	$ 27,510	$ 21,167

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Furniture and Equipment (Tables)

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Schedule of property, equipment and improvements

	March 31,			December 31,
	2015			2014
Furniture and fixtures	$	7,582		$	7,582
Equipment		21,294			13,761
		28,876			21,343
Less accumulated depreciation		(1,366	)		(176	)
Furniture and equipment, net	$	27,510		$	21,167

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Subsequent Events

3 Months Ended

Mar. 31, 2015

Subsequent Events [Abstract]

Subsequent Events

Note 8 – Subsequent Events

The following events occurred subsequent to March 31, 2015 and through the date of the release of these financial statements.

In April 2015, the Company loaned an additional $25,000 to SonCav LLC. The loan is repayable, at 110% of face amount, on September 30, 2015 and is convertible, at the Company’s option, into a 0.25% interest in SonCav LLC. Pursuant to that loan, the Company’s rights to acquire SonCav Generators at preferred pricing was increased from five units to ten units per year from 2015 through 2019.

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Organization, Basis of Presentation and Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, ECO Waste and ECO Management, LLC, and have been prepared in conformity with accounting principles generally accepted in the United States of America. All significant intercompany transactions and balances have been eliminated.

Going Concern

Going Concern

These consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company is unlikely to pay dividends or generate significant earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the Company obtaining necessary equity and debt financing until it can generate sustainable revenue. There is no guarantee that the Company will be able to raise adequate equity or debt financing or generate profitable operations. For the three months ended and the year ended December 31, 2014, the Company incurred a net loss of $3,561,943 and $1,381,406, respectively, and had negative cash flows from operations of $287,706 and $512,185, respectively. As of March 31, 2015 and December 31, 2014 the Company had an accumulated deficit of $5,123,455 and $1,561,512, respectively. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Management intends to raise additional funds through equity or debt financing and to generate cash from the sale of the Company’s products.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. It is possible that accounting estimates and assumptions may be material to the Company due to the levels of subjectivity and judgment involved.

Subsequent Events

Subsequent Events

The Company has evaluated all transactions from March 31, 2015 through the financial statement issuance date for subsequent event disclosure consideration.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

No accounting standards or interpretations issued recently are expected to a have a material impact on our consolidated financial position, operations or cash flows.

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Notes Receivable (Tables)

3 Months Ended

Mar. 31, 2015

Notes Receivable [Abstract]

Schedule of notes receivable

	March 31,			December 31,
	2015			2014
CGTC/Lurvey	$	123,313		$	88,979
EETIL		139,288			116,123
Brasil Plus		89,013			32,513
		351,614			237,615
Allowance for uncollectible balances		(351,614	)		(237,615	)
Total notes receivable	$	-		$	-

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Other Assets (Detail Textuals) (Purchase and sale agreement, USD $)	1 Months Ended
	Feb. 28, 2015 Processor T acre	Mar. 31, 2015
Purchase and sale agreement
Other Assets [Line Items]
Area of developed site (in acres)	18.28
Acquisition price of developed site	$ 6,750,000
Refundable deposit to open escrow	100,000
Number of TCOM processors	4
TCOM processors (in Ton)	3.5
Escrow deposit		100,000
Engineering consulting and other costs		$ 26,623

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Stockholders' Equity (Details 1) (USD $)	Mar. 31, 2015
Share Based Compensation Exercise Price Range [Line Items]
Outstanding number of Options/ Warrants	10,983,400
Exercisable number of Options/ Warrants	10,133,400
Exercise price 0.520
Share Based Compensation Exercise Price Range [Line Items]
Outstanding number of Options/ Warrants	230,000
Outstanding exercise price	0.520
Exercisable number of Options/ Warrants	230,000
Exercisable exercise price	0.520
Exercise price 0.535
Share Based Compensation Exercise Price Range [Line Items]
Outstanding number of Options/ Warrants	10,753,400
Outstanding exercise price	0.535
Exercisable number of Options/ Warrants	9,903,400
Exercisable exercise price	0.535

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
OPERATING ACTIVITIES:
Net loss	$ (3,561,943)	$ (45,862)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	1,190
Stock-based compensation	3,116,270
Write down of assets	113,999	12,645
Changes in current assets and liabilities:
Prepaid expenses and other assets	3,770
Accounts payable and accrued expenses	44,008	(2,500)
Net cash used in operating activities	(282,706)	(35,717)
INVESTING ACTIVITIES:
Issuance of notes receivable	(113,999)	(12,645)
Payment for furniture and equipment	(7,533)
Payment for other assets	(124,123)
Net cash used in investing activities	(245,655)	(12,645)
FINANCING ACTIVITIES:
Proceeds from note payable		48,377
Repayment of notes payable	(48)
Proceeds from issuance of common stock	269,235
Net cash provided by financing activities	269,187	48,377
NET INCREASE (DECREASE) IN CASH	(259,174)	15
CASH, BEGINNING BALANCE	433,045
CASH, ENDING BALANCE	173,871	15
CASH PAID FOR:
Income taxes
Interest

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Notes Payable

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Notes Payable

Note 5 – Notes Payable

Notes payable at March 31, 2015 and December 31, 2014 consisted of a note payable to an unaffiliated individual that is payable upon demand, bears interest at 12% per annum and is unsecured. The balance of this note payable at March 31, 2015 and December 31, 2014 was $51,922 and $51,970, respectively. 

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Stockholders' Equity (Details 2) (Options)	3 Months Ended
	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	0.25%
Expected volatility	100.00%
Expected dividend yield	0.00%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life of the options	2 years 6 months
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life of the options	3 years 6 months

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Furniture and Equipment (Detail Textuals) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 1,190