Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events (Details)

v3.21.1
Subsequent Events (Details) - USD ($)
1 Months Ended 6 Months Ended
Mar. 05, 2021
Mar. 17, 2021
Feb. 28, 2021
Subsequent Events (Details) [Line Items]      
Subscription agreements, description     The company has received irrevocable subscription agreements for an aggregate of 2,666,665 common shares of at a price of $0.06 per share from certain investor. The subscriptions include a $70,000 subscription from Mr. Alex Blyumkin, an officer and director of Petroteq, for 1,666,666 common shares. These subscriptions remain subject to approval of the Company’s board of directors as well as the approval of the Exchange.
Description about convertible promissory note     the Company announced that it has reached an agreement to amend a previously issued $2,400,000 principal amount secured convertible debenture with an arm’s length lender that bears interest at 5.0% per annum and that matured on February 20, 2021. The Debenture had an original maturity of October 15, 2019 but was extended to February 20, 2021 pursuant to an amending agreement dated August 20, 2020. The Company and the Lender have agreed to (i) settle all accrued and unpaid interest and penalties under the Debenture to March 26, 2020, in the aggregate principal amount of $1,227,066.43, for 26,334,246 common shares of the Company, (ii) settle $600,000 of the original principal amount of the Debenture for 15,000,000 common shares of the Company, at a deemed price of $0.04 per share, and (iii) amend the Debenture (which will have a principal amount outstanding of $1,400,000) by (a) extending the maturity date to September 30, 2021, and (b) amending the conversion price from $0.40 to $0.048.
Subsequent Event [Member]      
Subsequent Events (Details) [Line Items]      
Amount of convertible debt $ 400,000    
Debt conversion agreement, description   pursuant to a Debt Conversion Agreement dated as of that date, Petroteq issued: (a)581,026 common shares (the “Interest Conversion Shares”) at a deemed issue price of $0.39 per Interest Conversion Share, upon conversion of interest under certain convertible debentures that were originally scheduled to mature on October 19, 2020 and December 17, 2020, respectively, and; (b)500,000 common share purchase warrants exercisable for $0.0475 per share until October 19, 2021, as consideration for the amendment of the debenture originally due on October 19, 2020 and now extended to October 19, 2021; and (c)500,000 common share purchase warrants exercisable for $0.0475 per share until December 17, 2021, as consideration for the amendment of the debenture originally due on December 17, 2020 and now extended to December 17, 2021.  
Subsequent Event [Member] | Common Shares [Member]      
Subsequent Events (Details) [Line Items]      
Number of shares converted by convertible debt 9,708,738