Annual report pursuant to Section 13 and 15(d)

Document And Entity Information

v3.21.2
Document And Entity Information - USD ($)
 12 Months Ended
Aug. 31, 2019
Feb. 28, 2020
Dec. 06, 2019
Document Information Line Items      
Entity Registrant Name PETROTEQ ENERGY INC.    
Document Type 10-K/A    
Current Fiscal Year End Date --08-31    
Entity Common Stock, Shares Outstanding     197,938,969
Entity Public Float   $ 0  
Amendment Flag true    
Amendment Description Petroteq Energy Inc. (“Petroteq” or the “Company”) is filing this Amendment No. 1 to Form 10-K (this “Amendment”) to amend the Company’s annual report on Form 10-K for the year ended August 31, 2019 (the “Original Filing”), originally filed by the Company with the Securities and Exchange Commission (“SEC”) on December 16, 2019. This Amendment restates the Company’s previously issued audited consolidated financial statements and related note disclosures as of and for the years ended August 31, 2019 and 2018. Background of Restatement On July 16, 2021, the independent members of the Audit Committee (with Mr. Alex Blyumkin abstaining, the “Audit Committee”) of the Board of Directors of the Company, after discussion with the Company’s Chief Financial Officer, concluded that: 1. the Company’s previously-issued financial statements (the “Periodic Financial Statements”) contained in the following periodic reports should no longer be relied upon: (a) the Original Filing and the Company’s annual report (together with the Original Filing, the “Annual Reports”) on Form 10-K for the financial year ended August 31, 2020, originally filed on December 15, 2020; (b) Amendment No. 1 to the Annual Report for the financial year ended August 31, 2020, originally filed on December 28, 2020; and (c) the Company’s quarterly reports on Form 10-Q for the periods ended May 31, 2019, November 30, 2019, February 29, 2020, May 31, 2020, November 30, 2020 and February 28, 2021, originally filed on October 7, 2019, January 21, 2020, June 3, 2020, July 20, 2020, January 19, 2021 and April 20, 2021; and (d) Amendments to the quarterly reports for the periods ended February 29, 2020, and February 28, 2021, originally filed on June 8, 2020 and April 21, 2021. 2. the Company’s previously-issued unaudited condensed consolidated financial statements for the three and six months ended February 28, 2019 and 2018 (together with the Periodic Financial Statements, the “Financial Statements”) contained in the original Filing should no longer be relied on.    
Entity Central Index Key 0001561180    
Entity Current Reporting Status Yes    
Entity Voluntary Filers No    
Entity Filer Category Non-accelerated Filer    
Entity Well-known Seasoned Issuer No    
Document Period End Date Aug. 31, 2019    
Document Fiscal Year Focus 2019    
Document Fiscal Period Focus FY    
Entity Small Business true    
Entity Emerging Growth Company true    
Entity Shell Company false    
Entity Ex Transition Period false    
Entity File Number 000-55991    
Entity Incorporation, State or Country Code A6    
Entity Interactive Data Current Yes