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 June 30, 2015

OR

¨ 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 July 15, 2015, we had 9,593,529 shares of $0.0001 par value Common Stock outstanding. 

ECO INTEGRATED TECHNOLOGIES, INC.

FORM 10-Q

INDEX

	Page No.
PART I    FINANCIAL INFORMATION
ITEM 1.   Financial Statements (Unaudited)
Condensed Consolidated Balance Sheets as of June 30, 2015 and December 31, 2014		3
Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2015 and 2014		4
Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 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		19
ITEM 4.  Controls and Procedures		19
PART II  OTHER INFORMATION
ITEM 1A. Risk Factors		19
ITEM 2.  Unregistered Sales of Equity Securities and Use of Proceeds		20
ITEM 6.  Exhibits		20

2

PART I - FINANCIAL INFORMATION

ITEM 1        Financial Statements

ECO INTEGRATED TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF JUNE 30, 2015 AND DECEMBER 31, 2014

	June 30,			December 31,
	2015			2014
	(unaudited)
ASSETS
Current Assets:
Cash	$	216,104		$	433,045
Prepaid expenses and other current assets		4,575			12,886
Total current assets		220,679			445,931
Furniture and equipment, net		26,178			21,167
Licensing fee		175,000			175,000
Other assets		166,199			2,500
TOTAL ASSETS	$	588,056		$	644,598
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable and accrued expenses	$	155,277		$	31,498
Note payable		17,578			51,970
Total current liabilities		172,855			83,468
Note payable, net of current portion		32,995			-
TOTAL LIABILITIES		205,850			83,468
STOCKHOLDERS' EQUITY:
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, 1,000,000 and 1,000,000 shares issued and outstanding		100			100
Common stock, $0.0001 par value, 100,000,000 shares authorized, 9,593,529 and 7,899,787 shares issued and outstanding		959			790
Additional paid-in capital		6,094,396			2,121,752
Accumulated deficit		(5,713,249	)		(1,561,512	)
Total stockholders' equity		382,206			561,130
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	588,056		$	644,598

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

3

ECO INTEGRATED TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2015 AND 2014

(unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Sales	$	-		$	-		$	-		$	-
Cost of goods sold		-			-			-
Gross profit		-			-			-			-
Operating expenses:
General and administrative expenses		288,458			39,060			619,044			72,277
Stock-based compensation		182,008			-			3,298,278			-
Write down of assets		117,987			2,025			231,986			14,670
Total operating expenses		588,453			41,085			4,149,308			86,947
Loss from operations		(588,453	)		(41,085	)		(4,149,308	)		(86,947	)
Other income (expense)
Interest expense		(1,341	)		-			(2,429	)		-
Total other income (expense)		(1,341	)		-			(2,429	)		-
Loss before provision for income taxes		(589,794	)		(41,085	)		(4,151,737	)		(86,947	)
Provision for income taxes		-			-			-			-
Net loss	$	(589,794	)	$	(41,085	)	$	(4,151,737	)	$	(86,947	)
Weighted average shares outstanding:
Basic		8,702,323			3,000,000			8,385,184			3,000,000
Diluted		8,702,323			3,000,000			8,385,184			3,000,000
Loss per share
Basic	$	(0.07	)	$	(0.01	)	$	(0.50	)	$	(0.03	)
Diluted	$	(0.07	)	$	(0.01	)	$	(0.50	)	$	(0.03	)

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

4

ECO INTEGRATED TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2015 AND 2014

(unaudited)

	Six Months Ended June 30,
	2015			2014
OPERATING ACTIVITIES:
Net loss	$	(4,151,737	)	$	(86,947	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		2,522			-
Stock-based compensation		3,298,278			-
Write down of assets		231,986			14,670
Change in current assets and liabilities:
Prepaid expenses and other assets		8,311			-
Accounts payable and accrued expenses		123,779			(4,195	)
Net cash used in operating activities		(486,861	)		(76,472	)
INVESTING ACTIVITIES:
Issuance of notes receivable		(231,986	)		(14,670	)
Payment for furniture and equipment		(7,533	)		-
Payment for other assets		(163,699	)		-
Net cash used in investing activities		(403,218	)		(14,670	)
FINANCING ACTIVITIES:
Proceeds from note payable		-			91,177
Repayment of note payable		(1,397	)		-
Proceeds from issuance of common stock		674,535			-
Net cash provided by financing activities		673,138			91,177
NET INCREASE (DECREASE) IN CASH		(216,941	)		35
CASH, BEGINNING BALANCE		433,045			-
CASH, ENDING BALANCE	$	216,104		$	35
CASH PAID FOR:
Interest	$	-		$	-
Income taxes	$	-		$	-

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

June 30, 2015 and December 31, 2014

(Unaudited)

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

The unaudited condensed 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 six months ended June 30, 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 intends to continue to work with the developers of SonCav and TCOM to prove the commercial viability of those technologies and further define the Company’s rights to deploy those technologies. The Company plans to supplement its existing technologies 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

June 30, 2015 and December 31, 2014

(Unaudited)

Basis of Presentation

The accompanying condensed 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 condensed consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The 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 six months ended June 30, 2015 and the year ended December 31, 2014, the Company incurred a net loss of $4,151,737 and $1,381,406, respectively, and had negative cash flows from operations of $486,861 and $512,185, respectively. As of June 30, 2015 and December 31, 2014 the Company had an accumulated deficit of $5,713,249 and $1,561,512, respectively. Additionally, the Company has contracted to acquire and develop a facility in Las Vegas at an estimated cost of $32 million. The Company has posted a non-refundable deposit of $100,000 against the $6.75 million purchase price of the facility but presently lacks the financial resources to consummate either the purchase or development of the facility. These condensed 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, including products derived from the planned operation of the Las Vegas facility.

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 June 30, 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 June 30, 2015 and December 31, 2014:

	June 30,			December 31,
	2015			2014
Furniture and fixtures	$	7,582		$	7,582
Equipment		21,294			13,761
		28,876			21,343
Less accumulated depreciation		(2,698	)		(176	)
Furniture and equipment, net	$	26,178		$	21,167

Depreciation expense for the six months ended June 30, 2015 and 2014 was $2,522 and $0, respectively.

7

ECO INTEGRATED TECHNOLOGIES, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

June 30, 2015 and December 31, 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 deposit $100,000 was paid to open escrow, with an anticipated closing date of the purchase in September 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 June 30, 2015, other assets consisted of the $100,000 deposit mentioned above and $66,199 of engineering, consulting and other costs associated with the Las Vegas waste conversion facility.

Note 4 – Notes Receivable

Notes receivable at June 30, 2015 and December 31, 2014 consisted of the following:

	June 30,			December 31,
	2015			2014
CGTC/Lurvey	$	123,313		$	88,979
EETIL		160,625			116,123
Brasil Plus		160,663			32,513
SonCav, LLC		25,000			-
		469,601			237,615
Allowance for uncollectible balances		(469,601	)		(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 a planned Hawaiian joint venture. The loans are undocumented, unsecured and have no specific repayment terms. Balance of $123,313 and 88,979 at June 30, 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 $160,625 and $116,123 at June 30, 2015 and December 31, 2014, respectively, was written off by the Company.

8

ECO INTEGRATED TECHNOLOGIES, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

June 30, 2015 and December 31, 2014

(Unaudited)

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 $160,663 and $32,513 at June 30, 2015 and December 31, 2014, respectively was written off by the Company. 

SonCav, LLC Loan

In April 2015, the Company loaned $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. Balance of $25,000 at June 30, 2015 was written off by the Company.

In connection with our lending arrangements with CGTC/Lurvey, EETIL, Brasil Plus and SonCav, LLC, 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 June 30, 2015 and December 31, 2014 consisted of the following: 

	June 30,		December 31,
	2015		2014
Payable to an unaffiliated individual; the note was modified to call for monthly payments of $1,602 with any unpaid principal and interest due on April 30, 2018; interest at 7% per annum and unsecured	$	50,573	$	51,970
Total		50,573		51,970
Less current portion		17,578		51,970
Long-term portion	$	32,995	$	-

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 June 30, 2015 and December 31, 2014, the Company had 9,593,529 and 7,899,787, respectively, shares of common stock issued and outstanding.

During the six months ended June 30, 2015, the Company issued 1,393,742 shares of common stock for cash proceeds of $674,535. In addition, the Company also issued 150,000 shares of common stock to employees and 150,000 shares to consultants for services rendered valued at $60,000 each or a total of $120,000. The value of the shares was determined based on the recent price for which the Company sold shares of common stock.

9

ECO INTEGRATED TECHNOLOGIES, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

June 30, 2015 and December 31, 2014

(Unaudited)

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		10,988,400	$	0.535
Forfeited		-
Exercised		-
Outstanding, June 30, 2015		10,988,400	$	0.535		4.72	$	-
Exercisable, June 30, 2015		10,138,400	$	0.535		4.72	$	-

The exercise price for options/warrants outstanding and exercisable at June 30, 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
	5,000		1.500		5,000		1.500
	10,988,400				10,138,400

For options/warrants 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/warrants was $0.31 and the weighted-average exercise price of such options/warrants was $0.535.   For options/warrants granted during 2015 where the exercise price was greater than the stock price at the date of the grant, the weighted-average fair value of such options/warrants was $0.23 and the weighted-average exercise price of such options/warrants was $1.50.   No options/warrants were granted during 2015 where the exercise price was less than the stock price at the date of grant.

The fair value of the stock options/warrants is being amortized to stock option expense over the vesting period. The Company recorded stock option expense of $3,178,278 and $0 during the six months ended June 30, 2015 and 2014, respectively. At June 30, 2015, the unamortized stock option expense was $248,997 which will be amortized to expense through June 30, 2017.

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

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

10

ECO INTEGRATED TECHNOLOGIES, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

June 30, 2015 and December 31, 2014

(Unaudited)

Note 7 – Commitments and Contingencies

Lease agreement

The Company currently leases approximately 2,400 square feet of office space in Irvine, California as its executive offices under a sublease agreement. The terms of the agreement are month-to-month, at the option of the Company, through October 31, 2016. The current monthly rental under the lease is $4,958, which increased to $5,100 as of August 1, 2015 and increases to $5,264 if the Company elects to stay beyond July 31, 2016.

Rent expense for the six months ended June 30, 2015 and 2014 was $30,292 and $0, respectively.

Employment Agreements

In January 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.

License Fees

The Company 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 June 30, 2015 and December 31, 2014, the Company had prepaid a licensing fee of $175,000 relating to the planned North Las Vegas TCOM Facility.

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. We have identified, and are presently focused on identifying and securing rights to technologies targeting, three principal market segments: waste conversion; water remediation; and, waste-to-energy. Our technology portfolio presently includes (i) certain preferred pricing and other rights in a patented water treatment technology, and (ii) a license to utilize a patented technology 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. Neither of our existing technologies have, as yet, been commercially deployed. We plan to further evaluate those technologies as well as competing technologies and, as appropriate, further define and secure rights to selected technologies and to establish and deploy our selected technologies as market leading solutions for (i) wastewater treatment and desalination; (ii) conversion of waste streams to salable by-products; and (iii) conversion of waste to energy. We plan to continually supplement and/or upgrade our technology portfolio 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, a wholly-owned subsidiary of the Company, is a development stage company that has initially acquired certain commercial rights in a water treatment technology and a license to utilize a waste conversion 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 June 30, 2015, we had not yet realized any operating revenues and were in the development stage.

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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, including energy, 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, initially focusing on three market segments: (i) water remediation; (ii) waste conversion; and (iii) waste-to-energy. 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 a waste conversion technology – TCOM – in the United States. 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 continue work with the developers of TCOM and SonCav to prove the commercial viability of those technologies and further define our rights to deploy those technologies while continually evaluating competing technologies with a view to securing market leading technologies in both the waste conversion and water remediation markets.

We intend to supplement our existing waste conversion and water remediation technologies with other compatible environmentally friendly waste treatment technologies and are actively engaged in evaluations of potential technology solutions for addition, or upgrade, 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 waste conversion facilities are expected to require capital expenditures of $25+ million and nine months to develop and bring operational from receipt of funding. As of June 30, 2015, we did not have available funding, or commitments to provide funding, to support the development and operation of any waste conversion 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, which may include (i) sales of carbon; (ii) sales of synthetic fuel, synthetic gas and electricity; (iii) tipping fees from acceptance of certain customer or municipal waste; and (iv) water treatment fees . While not central to our business model, we may also derive benefits from the generation of synthetic fuel, 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.

In addition to our planned domestic operations, we have, from time to time, loaned funds to two foreign entities, Brasil Plus and EETIL, engaged in efforts to commercialize environmental technologies in certain non-U.S. markets. We intend to provide additional funding to support those efforts and to establish arrangements with those foreign entities pursuant to which we expect to participate in the commercial exploitation of those technologies in foreign markets.

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 waste conversion facility, a planned 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. Subject to securing necessary purchase money financing, closing is contemplated before the end of the third quarter of 2015.

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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 and delivery by the licensor of the TCOM System, or preparation by third parties, of the required technical data package to support operations (including third party certification of performance), 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 $25.25 million above and beyond the acquisition price of the site.

Employment Agreements

In January 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 six months ended June 30, 2015, we granted stock options and warrants to key employees, consultants and an investor to purchase a total of 10,988,400 shares of common stock at an average exercise price of $0.535 per share. We recorded a charge totaling $3,178,278 associated with the grant of the options and warrants.

Stock Issuances

During the six months ended June 30, 2015, we issued 1,393,742 shares of common stock for cash proceeds of $674,535. In addition, we also issued 300,000 shares of common stock for services rendered valued at $120,000. The value of the shares was determined based on the recent price for which we sold shares of common stock.

Loans

During the six months ended June 30, 2015, we made additional advances to CGTC/Michael Lurvey of $34,334, Brasil Plus of $128,150, EETIL of $44,502 and SonCav, LLC of $25,000.

The loan to SonCav LLC 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 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 June 30, 2015.

Termination of Hawaii Joint Venture

In June 2015, we were notified of the dissolution of the company holding rights relating to a $40 million special revenue bond targeted for use in financing the development and operation of multiple TCOM facilities in Hawaii, which facilities were the subject of a joint venture of which we were a party. As a result of the unavailability of the special revenue bond to finance the planned joint venture facilities, we consider the existing joint venture to develop and operate a TCOM facility in Hawaii to be effectively terminated.

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Results of Operations

Three months ended June 30, 2015 Compared to the Three months ended June 30, 2014

Sales

We have not yet commenced selling our products as of June 30, 2015; therefore our sales for both the three months ended June 30, 2015 and 2014 were $0.

General and Administrative Expenses

General and administrative expenses consisted primarily of employee salaries, consulting fees and related costs, rental expenses, and travel expenses. General and administrative expenses were $288,458 for the three months ended June 30, 2015 as compared to $39,060 for three months ended June 30, 2014. The increase for the three months ended June 30, 2015 compared to the same period in 2014 was $249,398, or 638%. 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 employee salaries, consulting fees and related costs increased by approximately $165,000 and our professional fees increased by approximately $53,000. We anticipate that our general and administrative expenses will increase over the next twelve months as we further execute our business plan.

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 and common stock issued for services. Stock-based compensation was $182,008 for the three months ended June 30, 2015 as compared to $0 for the three months ended June 30, 2014. The increase in stock-based compensation is due to the issuance of 5,000 warrants to a lender to acquire shares of common stock during the three months ended June 30, 2015, the issuance of 300,000 shares of common stock for services rendered and the amortization of stock-based compensation. There were no such issuances in 2014.

Write down of assets

In connection with our efforts to commercialize our SonCav and TCOM technologies, we have entered into lending arrangements with a development stage entity involved in the development of SonCav and three development stage entities involved in the development or international commercialization of TCOM. We advanced $117,987 and $2,025 to those entities during three months ended June 30, 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 June 30, 2015 was $1,341 as compared to $0 for the three months ended June 30, 2014. The increase is due to the issuance during 2014 of an interest bearing note payable.

Six months ended June 30, 2015 Compared to the Six months ended June 30, 2014

Sales

Our sales for both the six months ended June 30, 2015 and 2014 were $0.

General and Administrative Expenses

General and administrative expenses were $619,044 for the six months ended June 30, 2015 as compared to $72,277 for six months ended June 30, 2014. The increase for the six months ended June 30, 2015 compared to the same period in 2014 was $546,767, or 756%. 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 employee salaries, consulting fees and related costs increased by approximately $270,000 and our professional fees increased by approximately $190,000. We anticipate that our general and administrative expenses will increase over the next twelve months as we further execute our business plan.

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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 and common stock issued for services. Stock-based compensation was $3,298,278 for the six months ended June 30, 2015 as compared to $0 for the six months ended June 30, 2014. The increase in stock-based compensation is due to the issuance of 10,988,400 options and warrants to purchase common stock issued during the six months ended June 30, 2015 and the issuance of 300,000 shares of common stock for services rendered. There were no such issuances in 2014.

Write down of assets

In connection with our efforts to commercialize our SonCav and TCOM technologies, we have entered into lending arrangements with a development stage entity involved in the development of SonCav and three development stage entities involved in the development or international commercialization of TCOM. We advanced $231,986 and $14,670 to those entities during six months ended June 30, 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 six months ended June 30, 2015 was $2,429 as compared to $0 for the six months ended June 30, 2014. The increase is due to the issuance during 2014 of an interest bearing note payable.

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 six months ended June 30, 2015 and the year ended December 31, 2014, we received cash of $674,535 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 June 30, 2015, our cash totaled $216,104 and our working capital totaled $47,824 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:

	Six months ended June 30,
	2015			2014
Net cash used in operating activities	$	(486,861	)	$	(76,472	)
Net cash used in investing activities		(403,218	)		(14,670	)
Net cash provided by financing activities		673,138			91,177

Operating Activities. Net cash used in operating activities was $486,861 for the six months ended June 30, 2015, an increase of $410,389, compared to $76,472 of cash used in operating activities for the six months ended June 30, 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 six months ended June 30, 2015 was $403,218, an increase of $388,548, compared to $14,670 of cash used in investing activities for the six months ended June 30, 2014. The increase in cash used in investing activities related to an increase in advances 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 six months ended June 30, 2015 was $673,138 compared to $91,177 for the six months ended June 30, 2014. During the six months ended June 30, 2015, we received $674,535 from the sale of 1,393,742 shares of our common stock. During the six months ended June 30, 2014, we received $91,177 from the issuance of notes payable.

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Notes and advances receivable

During the six months ended June 30, 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. Three 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 June 30, 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 June 30, 2015 and December 31, 2014, advances under the EETIL Loan Agreement totaled $160,625 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 June 30, 2105 and December 31, 2014, advances under the Brasil Plus Loan Agreement totaled $160,663 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 June 30, 2015 and December 31, 2014, we had prepaid a licensing fee of $175,000 relating to the planned North Las Vegas TCOM Facility.

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Capital Requirements

In order to implement our business plan, we will require substantial funding beyond our current resources. With respect to our planned waste conversion facility in North Las Vegas, Nevada, we expect that our capital expenditures will be approximately $32 million, consisting of $6.75 million payable for the site presently under contract and approximately $25.25 million for facilities upgrades and equipment installation. Future waste conversion facilities can be expected to cost $30+ 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 waste conversion 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 waste conversion 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.

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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 June 30, 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 June 30, 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 June 30, 2015 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II

ITEM 1A.   RISK FACTORS

The following risk factors represent material additions to the risk factors discussed in the Annual Report, for the year ended December 31, 2014, on Form 10-K of ECO Integrated Technologies, Inc. (the “Company”).

Our existing portfolio of technologies consist of technologies that have not yet been commercially deployed; failure to perform in a commercial setting may adversely affect our operations.

Our business plan presently contemplates deployment of waste conversion and water remediation technology solutions in which we hold certain rights. While both of those technologies have undergone proof of concept testing, neither has been deployed commercially to date. Accordingly, there is no assurance that such technologies will perform as anticipated on a large scale and/or continuous basis. If one or both of those technologies does not perform in the manner anticipated, the operating results derived from deployment of such technologies may be below expectations, our technologies may fail to achieve market acceptance and our operations may otherwise be materially adversely affected.

Our existing rights to our initial technologies may be inadequate to support our planned operations.

While we have entered into contractual arrangements regarding both our existing waste conversion and water remediation solutions, we continue to attempt to expand and further define our rights with respect to those technologies. In particular, we have sought, unsuccessfully to date, to secure certain territorial exclusivity or other rights beyond our current contractual rights. In each instance, the holder of the applicable technology has attempted to narrow our rights to deploy the technology in question and/or to impose additional costs or burdens in order to secure rights that we believe are already defined. If we are unable to more expansively define our rights with respect to deployment of those technologies, we may be limited in our ability to fully execute our business plan and take advantage of existing market opportunities. For instance, our rights relative to our water remediation technology are merely in the form of a favored pricing provision with respect to licensing a limited number of units over a five year period. If market demand exceeds the number of units for which we have favorable pricing, there is no assurance that the technology owner will agree to license additional units to us at favorable prices or at all. If, for any reason, our ability to fully exploit market opportunities for our existing technologies is limited as a result of the scope and nature of contractual rights held, we may be required to seek replacement technologies, to pay unanticipated costs to secure additional rights or to curtail the scope of deployment of such technologies, any of which could limit, delay or otherwise hinder the implementation of our business plan and the realization of revenues therefrom and/or increase our cost of doing business and reduce our profitability.

The counterparties to the agreements under which we hold rights to our existing technologies are not required to provide any specific number of units and may be unable to perform in any event.

Our existing contractual arrangements with the owners of our waste conversion and water remediation technologies do not create specific supply relationships under which those technology owners are required to supply any specific number of units incorporating their respective technologies. The technology owners have not manufactured units and do not maintain manufacturing capacity but

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are expected to contract to third parties the manufacture of individual units to fill orders and, in the case of the waste conversion technology, may permit us to contract out manufacturing of units. In either event, the manufacture and delivery of units to fill orders is expected to require some measure of support by the technology owners. If, for any reason, the technology owners are unable to deliver, or to support delivery of, units to fill our orders, we may be unable to consummate sales and/or licenses of our technologies to third parties.

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

During the six months ended June 30, 2015, the Company issued 1,393,742 shares of common stock for gross proceeds of $674,535. Additionally, the company issued 300,000 shares of common stock to six employees and consultants as compensation.

The issuances of the shares described were made in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933. The shares were issued without general solicitation in transactions not involving a public offering. The securities are restricted securities and the certificates evidencing such securities bear restrictive legends providing that the securities have not been registered under the Securities Act and cannot be sold or otherwise transferred without an effective registration or an exemption from registration.

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

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SIGNATURES

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

	ECO INTEGRATED TECHNOLOGIES, INC.
Date:  August 13, 2015
	By:	/s/ Jess Rae Booth
		Jess Rae Booth
		Chief Executive Officer
	By:	/s/ Walter Carlson
		Walter Carlson
		Chief Financial Officer

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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: August 13, 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: August 13, 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 June 30, 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:	August 13, 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 June 30, 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:	August 13, 2015

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Notes Payable (Parentheticals) (Detail Textuals) - Jun. 30, 2015 - USD ($)	Total
Debt Disclosure [Abstract]
Note payable monthly payments	$ 1,602
Unsecured notes payable interest rate	7.00%

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Notes Receivable

6 Months Ended

Jun. 30, 2015

Notes Receivable [Abstract]

Notes Receivable

Note 4 – Notes Receivable

Notes receivable at June 30, 2015 and December 31, 2014 consisted of the following:

	June 30,			December 31,
	2015			2014
CGTC/Lurvey	$	123,313		$	88,979
EETIL		160,625			116,123
Brasil Plus		160,663			32,513
SonCav, LLC		25,000			-
		469,601			237,615
Allowance for uncollectible balances		(469,601	)		(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 a planned Hawaiian joint venture. The loans are undocumented, unsecured and have no specific repayment terms. Balance of $123,313 and 88,979 at June 30, 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 $160,625 and $116,123 at June 30, 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 $160,663 and $32,513 at June 30, 2015 and December 31, 2014, respectively was written off by the Company. 

SonCav, LLC Loan

In April 2015, the Company loaned $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. Balance of $25,000 at June 30, 2015 was written off by the Company.

In connection with our lending arrangements with CGTC/Lurvey, EETIL, Brasil Plus and SonCav, LLC, 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.

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Stockholders' Equity (deficit) (Detail Textuals) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Aug. 31, 2014
Stockholders Equity [Line Items]
Value of commen stock shares	$ 120,000
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	9,593,529		7,899,787	3,500,000
Common stock, shares outstanding	9,593,529		7,899,787	3,500,000
Shares issued for cash (in shares)	1,393,742
Shares issued for cash, value	$ 674,535
Weighted average fair value of options granted	$ 0.31
Weighted average exercise price of options outstanding	0.535
Weighted average fair value of options/warrants	0.23
Weighted average exercise price of options/warrants	$ 1.50
Stock option expense	$ 3,178,278	$ 0
Unamortized stock option expense	$ 248,997
Employee
Stockholders Equity [Line Items]
Number of commen stock shares	150,000
Consultants
Stockholders Equity [Line Items]
Number of commen stock shares	150,000
Value of commen stock shares	$ 60,000

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Stockholders' Equity (deficit) (Details 2) - 6 months ended Jun. 30, 2015	Total
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%
Stock options and warrants | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life of the options/warrants	2 years 6 months
Stock options and warrants | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life of the options/warrants	3 years 6 months

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Commitments and Contingencies (Detail Textuals)	6 Months Ended		12 Months Ended
	Jun. 30, 2015 USD ($) ft² Executive_Officer	Jun. 30, 2014 USD ($)	Dec. 31, 2014 USD ($)
Lease agreement
Commitments And Contingencies [Line Items]
Leases in square feet | ft²	2,400
Average monthly rental on lease	$ 4,958
Increase in monthly rental under lease	5,100
Increase in monthly rental under lease if stay beyong July 31, 2016	5,264
Rent expense	$ 30,292	$ 0
Employment agreements
Commitments And Contingencies [Line Items]
Number of executive officers | Executive_Officer	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
License Fees Member
Commitments And Contingencies [Line Items]
Prepaid license fee	125,000
Additional license fee per facility	250,000
Additional license fee on commencement of construction	150,000
Additional license fee on completion of first full calendar month of commercial operations	100,000
Total applicable license fees	375,000
Advance license fee	175,000
License fee for first full calendar quarter of commercial operations	200,000
Prepaid licensing fee	$ 175,000		$ 175,000
Production royalty percentage	5.00%
Period of production royalty	5 years

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Other Assets

6 Months Ended

Jun. 30, 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 deposit $100,000 was paid to open escrow, with an anticipated closing date of the purchase in September 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 June 30, 2015, other assets consisted of the $100,000 deposit mentioned above and $66,199 of engineering, consulting and other costs associated with the Las Vegas waste conversion facility.

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current Assets:
Cash	$ 216,104	$ 433,045
Prepaid expenses and other current assets	4,575	12,886
Total current assets	220,679	445,931
Furniture and equipment, net	26,178	21,167
Licensing fee	175,000	175,000
Other assets	166,199	2,500
TOTAL ASSETS	588,056	644,598
Current Liabilities:
Accounts payable and accrued expenses	155,277	31,498
Note payable	17,578	51,970
Total current liabilities	172,855	$ 83,468
Note payable, net of current portion	32,995
TOTAL LIABILITIES	205,850	$ 83,468
STOCKHOLDERS' EQUITY:
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, 1,000,000 and 1,000,000 shares issued and outstanding	100	100
Common stock, $0.0001 par value, 100,000,000 shares authorized, 9,593,529 and 7,899,787 shares issued and outstanding	959	790
Additional paid-in capital	6,094,396	2,121,752
Accumulated deficit	(5,713,249)	(1,561,512)
Total stockholders' equity	382,206	561,130
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 588,056	$ 644,598

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Organization, Basis of Presentation and Significant Accounting Policies

6 Months Ended

Jun. 30, 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 condensed 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 six months ended June 30, 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 intends to continue to work with the developers of SonCav and TCOM to prove the commercial viability of those technologies and further define the Company’s rights to deploy those technologies. The Company plans to supplement its existing technologies 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 condensed 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 condensed consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The 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 six months ended June 30, 2015 and the year ended December 31, 2014, the Company incurred a net loss of $4,151,737 and $1,381,406, respectively, and had negative cash flows from operations of $486,861 and $512,185, respectively. As of June 30, 2015 and December 31, 2014 the Company had an accumulated deficit of $5,713,249 and $1,561,512, respectively. Additionally, the Company has contracted to acquire and develop a facility in Las Vegas at an estimated cost of $32 million. The Company has posted a non-refundable deposit of $100,000 against the $6.75 million purchase price of the facility but presently lacks the financial resources to consummate either the purchase or development of the facility. These condensed 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, including products derived from the planned operation of the Las Vegas facility.

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 June 30, 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 ($)	Jun. 30, 2015	Dec. 31, 2014
Notes Receivable [Line Items]
Notes receivable, gross	$ 469,601	$ 237,615
Allowance for uncollectible balances	$ (469,601)	$ (237,615)
Total
CGTC/Lurvey
Notes Receivable [Line Items]
Notes receivable, gross	$ 123,313	$ 88,979
EETIL
Notes Receivable [Line Items]
Notes receivable, gross	160,625	116,123
Brasil Plus
Notes Receivable [Line Items]
Notes receivable, gross	160,663	$ 32,513
Soncav LLC
Notes Receivable [Line Items]
Notes receivable, gross	$ 25,000

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Notes Payable (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total	$ 50,573	$ 51,970
Less current portion	17,578	$ 51,970
Long-term portion	32,995
Payable to an unaffiliated individual interest at 7% per annum and unsecured
Debt Instrument [Line Items]
Total	$ 50,573	$ 51,970

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Furniture and Equipment

6 Months Ended

Jun. 30, 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 June 30, 2015 and December 31, 2014:

	June 30,			December 31,
	2015			2014
Furniture and fixtures	$	7,582		$	7,582
Equipment		21,294			13,761
		28,876			21,343
Less accumulated depreciation		(2,698	)		(176	)
Furniture and equipment, net	$	26,178		$	21,167

Depreciation expense for the six months ended June 30, 2015 and 2014 was $2,522 and $0, respectively.

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CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Jun. 30, 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	9,593,529	7,899,787
Common stock, shares outstanding	9,593,529	7,899,787

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Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 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		10,988,400	$	0.535
Forfeited		-
Exercised		-
Outstanding, June 30, 2015		10,988,400	$	0.535		4.72	$	-
Exercisable, June 30, 2015		10,138,400	$	0.535		4.72	$	-

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
	5,000		1.500		5,000		1.500
	10,988,400				10,138,400

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

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

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Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 15, 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		9,593,529
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2

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Organization, Basis of Presentation and Significant Accounting Policies (Detail Textuals) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Aug. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 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	9,593,529		9,593,529		7,899,787
Common stock, shares outstanding	3,500,000	9,593,529		9,593,529		7,899,787
Amount paid for services	$ 100,000
Net assets of legal acquirer	0
Net loss		$ 589,794	$ 41,085	$ 4,151,737	$ 86,947	$ 1,381,406
Cash flows from operations				486,861		512,185
Accumulated deficit	$ 5,713,249	(5,713,249)		(5,713,249)		$ (1,561,512)
Estimated cost to acquire and develop facility		32,000,000		32,000,000
Payment Of Non-Refundable Deposit				100,000
Purchase price of facility		$ 6,750,000		$ 6,750,000

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Sales
Cost of goods sold
Gross profit
Operating expenses:
General and administrative expenses	$ 288,458	$ 39,060	$ 619,044	$ 72,277
Stock-based compensation	182,008		3,298,278
Write down of assets	117,987	$ 2,025	231,986	$ 14,670
Total operating expenses	588,453	41,085	4,149,308	86,947
Loss from operations	(588,453)	$ (41,085)	(4,149,308)	$ (86,947)
Other income (expense)
Interest expense	(1,341)		(2,429)
Total other income (expense)	(1,341)		(2,429)
Loss before provision for income taxes	$ (589,794)	$ (41,085)	$ (4,151,737)	$ (86,947)
Provision for income taxes
Net loss	$ (589,794)	$ (41,085)	$ (4,151,737)	$ (86,947)
Weighted average shares outstanding:
Basic (in shares)	8,702,323	3,000,000	8,385,184	3,000,000
Diluted (in shares)	8,702,323	3,000,000	8,385,184	3,000,000
Loss per share
Basic (in dollars per share)	$ (0.07)	$ (0.01)	$ (0.50)	$ (0.03)
Diluted (in dollars per share)	$ (0.07)	$ (0.01)	$ (0.50)	$ (0.03)

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Commitments and Contingencies

6 Months Ended

Jun. 30, 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 its executive offices under a sublease agreement. The terms of the agreement are month-to-month, at the option of the Company, through October 31, 2016. The current monthly rental under the lease is $4,958, which increased to $5,100 as of August 1, 2015 and increases to $5,264 if the Company elects to stay beyond July 31, 2016.

Rent expense for the six months ended June 30, 2015 and 2014 was $30,292 and $0, respectively.

Employment Agreements

In January 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.

License Fees

The Company 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 June 30, 2015 and December 31, 2014, the Company had prepaid a licensing fee of $175,000 relating to the planned North Las Vegas TCOM Facility.

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Stockholders' Equity

6 Months Ended

Jun. 30, 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 June 30, 2015 and December 31, 2014, the Company had 9,593,529 and 7,899,787, respectively, shares of common stock issued and outstanding.

During the six months ended June 30, 2015, the Company issued 1,393,742 shares of common stock for cash proceeds of $674,535. In addition, the Company also issued 150,000 shares of common stock to employees and 150,000 shares to consultants for services rendered valued at $60,000 each or a total of $120,000. The value of the shares was determined based on the recent price for which the Company sold shares of common stock.

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		10,988,400	$	0.535
Forfeited		-
Exercised		-
Outstanding, June 30, 2015		10,988,400	$	0.535		4.72	$	-
Exercisable, June 30, 2015		10,138,400	$	0.535		4.72	$	-

The exercise price for options/warrants outstanding and exercisable at June 30, 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
	5,000		1.500		5,000		1.500
	10,988,400				10,138,400

For options/warrants 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/warrants was $0.31 and the weighted-average exercise price of such options/warrants was $0.535.   For options/warrants granted during 2015 where the exercise price was greater than the stock price at the date of the grant, the weighted-average fair value of such options/warrants was $0.23 and the weighted-average exercise price of such options/warrants was $1.50.   No options/warrants were granted during 2015 where the exercise price was less than the stock price at the date of grant.

The fair value of the stock options/warrants is being amortized to stock option expense over the vesting period. The Company recorded stock option expense of $3,178,278 and $0 during the six months ended June 30, 2015 and 2014, respectively. At June 30, 2015, the unamortized stock option expense was $248,997 which will be amortized to expense through June 30, 2017.

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

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

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Notes Receivable (Detail Textuals) - USD ($)	1 Months Ended	6 Months Ended
	Apr. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Notes Receivable [Line Items]
Advances written off		$ 469,601	$ 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		$ 160,625	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		160,663	$ 32,513
Soncav, Llc [Member]
Notes Receivable [Line Items]
Loan principal amount	$ 25,000
Advances written off		$ 25,000
Principal Repayment Percentage	110.00%
Percentage Of Interest Convertible	0.25%
Existing Preferred Pricing Units (In unit)	5
Increased Preferred Pricing Units (In unit)	10

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Furniture and Equipment (Details) - USD ($)	Jun. 30, 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	(2,698)	(176)
Furniture and equipment, net	$ 26,178	$ 21,167

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Notes Receivable (Tables)

6 Months Ended

Jun. 30, 2015

Notes Receivable [Abstract]

Schedule of notes receivable

	June 30,			December 31,
	2015			2014
CGTC/Lurvey	$	123,313		$	88,979
EETIL		160,625			116,123
Brasil Plus		160,663			32,513
SonCav, LLC		25,000			-
		469,601			237,615
Allowance for uncollectible balances		(469,601	)		(237,615	)
Total notes receivable	$	-		$	-

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

6 Months Ended

Jun. 30, 2015

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The accompanying condensed 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 condensed consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The 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 six months ended June 30, 2015 and the year ended December 31, 2014, the Company incurred a net loss of $4,151,737 and $1,381,406, respectively, and had negative cash flows from operations of $486,861 and $512,185, respectively. As of June 30, 2015 and December 31, 2014 the Company had an accumulated deficit of $5,713,249 and $1,561,512, respectively. Additionally, the Company has contracted to acquire and develop a facility in Las Vegas at an estimated cost of $32 million. The Company has posted a non-refundable deposit of $100,000 against the $6.75 million purchase price of the facility but presently lacks the financial resources to consummate either the purchase or development of the facility. These condensed 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, including products derived from the planned operation of the Las Vegas facility.

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 June 30, 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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Furniture and Equipment (Tables)

6 Months Ended

Jun. 30, 2015

Property, Plant and Equipment [Abstract]

Schedule of property, equipment and improvements

	June 30,			December 31,
	2015			2014
Furniture and fixtures	$	7,582		$	7,582
Equipment		21,294			13,761
		28,876			21,343
Less accumulated depreciation		(2,698	)		(176	)
Furniture and equipment, net	$	26,178		$	21,167

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Notes Payable (Tables)

6 Months Ended

Jun. 30, 2015

Debt Disclosure [Abstract]

Notes payable

		June 30,		December 31,
	2015		2014
Payable to an unaffiliated individual; the note was modified to call for monthly payments of $1,602 with any unpaid principal and interest due on April 30, 2018; interest at 7% per annum and unsecured	$	50,573	$	51,970
Total		50,573		51,970
Less current portion		17,578		51,970
Long-term portion	$	32,995	$	-

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Other Assets (Detail Textuals) - Purchase and sale agreement	1 Months Ended
	Feb. 28, 2015 USD ($) a Processor T	Jun. 30, 2015 USD ($)
Other Assets [Line Items]
Area of developed site (in acres) | a	18.28
Acquisition price of developed site	$ 6,750,000
Deposit to open escrow	$ 100,000
Number of TCOM processors | Processor	4
TCOM processors (in Ton) | T	3.5
Escrow deposit		$ 100,000
Engineering consulting and other costs		$ 66,199

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Stockholders' Equity (deficit) (Details) - Jun. 30, 2015 - USD ($) None in scaling factor is -9223372036854775296	Total
Options/Warrants Outstanding
Outstanding, June 30, 2015	10,988,400
Exercisable, June 30, 2015	10,138,400
Stock options and warrants
Options/Warrants Outstanding
Outstanding, December 31, 2014
Granted	10,988,400
Forfeited
Exercised
Outstanding, June 30, 2015	10,988,400
Exercisable, June 30, 2015	10,138,400
Weighted Average Exercise Price
Outstanding, December 31, 2014
Granted	$ 0.535
Outstanding, June 30, 2015	0.535
Exercisable, June 30, 2015	$ 0.535
Weighted Average Remaining Contractual Life
Outstanding, June 30, 2015	4 years 8 months 19 days
Exercisable, June 30, 2015	4 years 8 months 19 days
Aggregate Intrinsic Value
Outstanding, June 30, 2015
Exercisable, June 30, 2015

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
OPERATING ACTIVITIES:
Net loss	$ (4,151,737)	$ (86,947)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	2,522
Stock-based compensation	3,298,278
Write down of assets	231,986	$ 14,670
Change in current assets and liabilities:
Prepaid expenses and other assets	8,311
Accounts payable and accrued expenses	123,779	$ (4,195)
Net cash used in operating activities	(486,861)	(76,472)
INVESTING ACTIVITIES:
Issuance of notes receivable	(231,986)	$ (14,670)
Payment for furniture and equipment	(7,533)
Payment for other assets	(163,699)
Net cash used in investing activities	$ (403,218)	$ (14,670)
FINANCING ACTIVITIES:
Proceeds from note payable		$ 91,177
Repayment of note payable	$ (1,397)
Proceeds from issuance of common stock	674,535
Net cash provided by financing activities	673,138	$ 91,177
NET INCREASE (DECREASE) IN CASH	(216,941)	$ 35
CASH, BEGINNING BALANCE	433,045
CASH, ENDING BALANCE	$ 216,104	$ 35
CASH PAID FOR:
Interest
Income taxes

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Notes Payable

6 Months Ended

Jun. 30, 2015

Debt Disclosure [Abstract]

Notes Payable

Note 5 – Notes Payable

Notes payable at June 30, 2015 and December 31, 2014 consisted of the following: 

	June 30,		December 31,
	2015		2014
Payable to an unaffiliated individual; the note was modified to call for monthly payments of $1,602 with any unpaid principal and interest due on April 30, 2018; interest at 7% per annum and unsecured	$	50,573	$	51,970
Total		50,573		51,970
Less current portion		17,578		51,970
Long-term portion	$	32,995	$	-

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Stockholders' Equity (deficit) (Details 1) - Jun. 30, 2015 - $ / shares	Total
Share Based Compensation Exercise Price Range [Line Items]
Outstanding number of Options/ Warrants	10,988,400
Exercisable number of Options/ Warrants	10,138,400
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
Exercise Price 1.500
Share Based Compensation Exercise Price Range [Line Items]
Outstanding number of Options/ Warrants	5,000
Outstanding exercise price	$ 1.500
Exercisable number of Options/ Warrants	5,000
Exercisable exercise price	$ 1.500

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Furniture and Equipment (Detail Textuals) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 2,522