10-Q/A Filing

TREES CORP (COLORADO) CIK: 1477009 Q1 2014

Filing Information

Form Type	10-Q/A
Accession Number	`0001354488-14-002775`
Period End Date	20140331
Filing Date	20140519
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	pmap-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 45 Cash Flow Statement 76 Stockholders Equity 23

Balance Sheet 49 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.88M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$427.44K	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts)	`AccountsReceivableNetCurrent`	$67.22K	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts)	`AccountsReceivableNetCurrent`	$1.59K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$649.00	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$7.95K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$429.68K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.96M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$452.75K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$457.89K	USD	Point-in-time
Other assets, financing payments	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Other assets, financing payments	`OtherAssetsNoncurrent`	$115.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total Assets	`Assets`	$2.53M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.44M	shares	Point-in-time
Total Assets	`Assets`	$882.43K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.14M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$42.34K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$32.02K	USD	Point-in-time
Accrued interest expense, notes payable	`AccruedInterestExpenseNotesPayable`	$871.00	USD	Point-in-time
Accrued interest expense, notes payable	`AccruedInterestExpenseNotesPayable`	-	USD	Point-in-time
Convertible notes payable (net of debt discount) - current portion	`ConvertibleNotesPayableCurrent`	$5.93K	USD	Point-in-time
Convertible notes payable (net of debt discount) - current portion	`ConvertibleNotesPayableCurrent`	$5.36K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$37.95K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$48.57K	USD	Point-in-time
Convertible notes payable (net of debt discount)	`LongTermNotesPayable`	$220.77K	USD	Point-in-time
Convertible notes payable (net of debt discount)	`LongTermNotesPayable`	$339.48K	USD	Point-in-time
Tenant deposits	`SecurityDepositLiability`	$1.25K	USD	Point-in-time
Tenant deposits	`SecurityDepositLiability`	$1.25K	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$340.73K	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$222.02K	USD	Point-in-time
Total Liabilities	`Liabilities`	$389.30K	USD	Point-in-time
Total Liabilities	`Liabilities`	$259.96K	USD	Point-in-time
Preferred stock, no par value; 5,000,000 shares authorized; No shares issues & outstanding at March 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, no par value; 5,000,000 shares authorized; No shares issues & outstanding at March 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, no par value; 100,000,000 shares authorized;13,438,933 shares and 15,137,200 shares issued and outstanding on March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$1.20M	USD	Point-in-time
Common Stock, no par value; 100,000,000 shares authorized;13,438,933 shares and 15,137,200 shares issued and outstanding on March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$3.57M	USD	Point-in-time
Deficit accumulated during development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$1.29M	USD	Point-in-time
Deficit accumulated during development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$710.96K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.27M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$493.13K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.53M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$882.43K	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Tenant rentals	`TenantrentalsRevenue`	$28.77K	USD	1 Quarter
Tenant rentals	`TenantrentalsRevenue`	$28.77K	USD	3 Qtrs
Consulting fees	`SalesRevenueServicesNet`	$20.00K	USD	3 Qtrs
Consulting fees	`SalesRevenueServicesNet`	$20.00K	USD	1 Quarter
Revenues	`Revenues`	$48.77K	USD	3 Qtrs
Revenues	`Revenues`	$48.77K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$54.48K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$107.74K	USD	3 Qtrs
Payroll and related	`Payroll`	$213.72K	USD	3 Qtrs
Payroll and related	`Payroll`	$105.14K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$473.65K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$82.52K	USD	1 Quarter
Office expense	`OfficeExpense`	$7.69K	USD	1 Quarter
Office expense	`OfficeExpense`	$15.96K	USD	3 Qtrs
Loss on expired option to acquire real estate	`LossOnExpiredOptionToAcquireRealEstate`	$150.00K	USD	3 Qtrs
Loss on expired option to acquire real estate	`LossOnExpiredOptionToAcquireRealEstate`	-	USD	1 Quarter
Depreciation	`Depreciation`	$3.12K	USD	3 Qtrs
Depreciation	`Depreciation`	$3.12K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$964.19K	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$252.93K	USD	1 Quarter
Income from continuing operations	`OperatingIncomeLoss`	$-915.42K	USD	3 Qtrs
Income from continuing operations	`OperatingIncomeLoss`	$-204.17K	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$1.96K	USD	3 Qtrs
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Other income, gain on capital contribution	`OtherIncomeGainOnCapitalContribution`	$1.75K	USD	3 Qtrs
Other income, gain on capital contribution	`OtherIncomeGainOnCapitalContribution`	$1.75K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$330.40K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$331.19K	USD	3 Qtrs
Interest Expense	`InterestExpense`	$49.27K	USD	1 Quarter
Interest Expense	`InterestExpense`	$50.15K	USD	3 Qtrs
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.29M	USD	3 Qtrs
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-582.09K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.29M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-582.09K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-710.96K	USD	2 Qtrs
Weighted average number of common shares Outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.21M	shares	3 Qtrs
Weighted average number of common shares Outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.66M	shares	1 Quarter
Net loss per share - basic and diluted from continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.04	USD	1 Quarter
Net loss per share - basic and diluted from continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.09	USD	3 Qtrs
Net loss per share - basic and diluted from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Net loss per share - basic and diluted from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	3 Qtrs

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.29M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-582.09K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-710.96K	USD	2 Qtrs
Loss on expired option to acquire property	`LossOnExpiredOptionToAcquireProperty`	$150.00K	USD	3 Qtrs
Loss on expired option to acquire property	`LossOnExpiredOptionToAcquireProperty`	-	USD	1 Quarter
Depreciation	`Depreciation`	$3.12K	USD	3 Qtrs
Depreciation	`Depreciation`	$3.12K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$330.40K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$331.19K	USD	3 Qtrs
Non-cash interest expense paid with stock issuance	`NoncashInterestExpensePaidWithStockIssuance`	$3.67K	USD	3 Qtrs
Non-cash interest expense paid with stock issuance	`NoncashInterestExpensePaidWithStockIssuance`	$3.67K	USD	1 Quarter
Issuance of stock compensation	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Issuance of stock compensation	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$40.00K	USD	3 Qtrs
Other income from capital adjustment	`OtherIncomeFromCapitalAdjustment`	$1.75K	USD	3 Qtrs
Other income from capital adjustment	`OtherIncomeFromCapitalAdjustment`	$1.75K	USD	1 Quarter
(Increase ) / decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$67.87K	USD	3 Qtrs
(Increase ) / decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$65.62K	USD	1 Quarter
(Increase)/ decrease in prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.30K	USD	1 Quarter
(Increase)/ decrease in prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.30K	USD	3 Qtrs
Increase / (decrease) in accounts payable, accrued expenses	`IncreaseDecreaseInOperatingAssets`	$-11.19K	USD	1 Quarter
Increase / (decrease) in accounts payable, accrued expenses	`IncreaseDecreaseInOperatingAssets`	$32.02K	USD	3 Qtrs
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-330.78K	USD	1 Quarter
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-809.98K	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$291.00K	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.25K	USD	1 Quarter
Purchase of option to acquire real estate	`PurchaseOfOptionToAcquireRealEstate`	-	USD	1 Quarter
Purchase of option to acquire real estate	`PurchaseOfOptionToAcquireRealEstate`	$150.00K	USD	3 Qtrs
Net cash provided by (used for) investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.25K	USD	1 Quarter
Net cash provided by (used for) investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-441.00K	USD	3 Qtrs
Purchase and cancellation of shares of common stock	`PurchaseAndCancellationOfSharesOfCommonStock`	$100.00K	USD	3 Qtrs
Purchase and cancellation of shares of common stock	`PurchaseAndCancellationOfSharesOfCommonStock`	-	USD	1 Quarter
Sales of common stock for cash consideration	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	1 Quarter
Sales of common stock for cash consideration	`ProceedsFromIssuanceOrSaleOfEquity`	$985.40K	USD	3 Qtrs
Proceeds from exercise of warrants	`ProceedsFromExerciseOfWarrants`	$400.00K	USD	1 Quarter
Proceeds from exercise of warrants	`ProceedsFromExerciseOfWarrants`	$400.00K	USD	3 Qtrs
Debt to common share conversion	`CashFlowShareConversion`	$-943.00	USD	3 Qtrs
Debt to common share conversion	`CashFlowShareConversion`	$-943.00	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromNotesPayable`	$1.60M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromNotesPayable`	$2.13M	USD	3 Qtrs
(Increase)/decrease in other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$15.00K	USD	1 Quarter
(Increase)/decrease in other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$15.00K	USD	3 Qtrs
Debt acquisition costs increase	`DebtAcquisitionCostsIncrease`	$-192.60K	USD	1 Quarter
Debt acquisition costs increase	`DebtAcquisitionCostsIncrease`	$-258.74K	USD	3 Qtrs
Net cash provided by (used for) financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$3.15M	USD	3 Qtrs
Net cash provided by (used for) financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.80M	USD	1 Quarter
Net cash flows from discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-9.87K	USD	3 Qtrs
Net cash flows from discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash (used) in discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-9.87K	USD	3 Qtrs
Net cash (used) in discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net Increase (Decrease) In Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.88M	USD	3 Qtrs
Net Increase (Decrease) In Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.46M	USD	1 Quarter
Cash at the Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at the Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$1.88M	USD	Point-in-time
Cash at the Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$427.44K	USD	Point-in-time
Cash at the End of the Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at the End of the Period	`CashAndCashEquivalentsAtCarryingValue`	$1.88M	USD	Point-in-time
Cash at the End of the Period	`CashAndCashEquivalentsAtCarryingValue`	$427.44K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$46.48K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$46.48K	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Net liabilities on transfer of subsidiary	`NetLiabilitiesOnTransferOfSubsidiary`	$10.66K	USD	3 Qtrs
Net liabilities on transfer of subsidiary	`NetLiabilitiesOnTransferOfSubsidiary`	-	USD	1 Quarter
Cancellation of shares of common stock	`CancellationOfSharesOfCommonStock`	-	USD	1 Quarter
Cancellation of shares of common stock	`CancellationOfSharesOfCommonStock`	$100.00K	USD	3 Qtrs
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$40.00K	USD	3 Qtrs
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	1 Quarter
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$40.00K	USD	2 Qtrs
Net assets transferred on disposal of mapping division	`NetAssetsTransferredOnDisposalOfMappingDivision`	-	USD	1 Quarter
Net assets transferred on disposal of mapping division	`NetAssetsTransferredOnDisposalOfMappingDivision`	$452.00	USD	3 Qtrs
Purchase of property with mortgage	`PurchaseOfPropertyWithMortgage`	-	USD	1 Quarter
Purchase of property with mortgage	`PurchaseOfPropertyWithMortgage`	$170.00K	USD	3 Qtrs
Debt to common share conversion	`DebtToCommonShareConversion`	$255.00K	USD	1 Quarter
Debt to common share conversion	`DebtToCommonShareConversion`	$255.00K	USD	3 Qtrs
Common stock issued in lieu of debt interest	`CommonStockIssuedInLieuOfDebtInterest`	$3.67K	USD	1 Quarter
Common stock issued in lieu of debt interest	`CommonStockIssuedInLieuOfDebtInterest`	$3.67K	USD	3 Qtrs

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning Balances, Shares	`SharesIssued`	-	shares	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$2.27M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$493.13K	USD	Point-in-time
Common stock issued for cash at $0.001 per share, June 30, 2013, Amount	`CommonStockIssuedForCashAt0.0001PerShareJune302013Amount`	$12.40K	USD	2 Qtrs
Common stock Issued for cash at $1.00 per share, July 11 through August 8, 2013, Amount	`CommonStockIssuedForCashAt1.00PerShareJuly11ThroughAugust82013Amount`	$707.00K	USD	2 Qtrs
Recapitalization on August 14, 2013, Amount	`RecapitalizationOnAugust142013Amount`	$-10.66K	USD	2 Qtrs
Purchase and cancellation of shares of common stock on August 14, 2013, Amount	`PurchaseAndCancellationOfSharesOfCommonStockOnAugust142013Amount`	$-100.00K	USD	2 Qtrs
Common stock issued for cash at $1.00 per share, August 14 through September 19, 2013, Amount	`CommonStockIssuedForCashAt1.00PerShareAugust14ThroughSeptember192013Amount`	$266.00K	USD	2 Qtrs
Common stock issued for services December 9, 2013, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$40.00K	USD	3 Qtrs
Common stock issued for services December 9, 2013, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	1 Quarter
Common stock issued for services December 9, 2013, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$40.00K	USD	2 Qtrs
Re- acquired common shares on January 5, 2014, Amount	`ReAcquiredCommonSharesOnJanuary52014Amount`	$-1.75K	USD	1 Quarter
Warrants sold to Full Circle January, 2014 in financing transaction	`WarrantsSoldToFullCircleJanuary2014InFinancingTransaction`	$500.00K	USD	1 Quarter
Discount on convertible notes issued January 29, 2014	`DiscountOnConvertibleNotesIssuedJanuary292014`	$1.60M	USD	1 Quarter
Issuance of common shares in	`AmountIssuanceCommon`	$258.67K	USD	1 Quarter
Discount on convertible notes	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$289.81K	USD	2 Qtrs
Loss on sale of mapping business to related party	`LossOnSaleOfMappingBusinessToRelatedParty`	$-452.00	USD	2 Qtrs
Net loss for the year ended December 31, 2013	`NetIncomeLoss`	$-1.29M	USD	3 Qtrs
Net loss for the year ended December 31, 2013	`NetIncomeLoss`	$-582.09K	USD	1 Quarter
Net loss for the year ended December 31, 2013	`NetIncomeLoss`	$-710.96K	USD	2 Qtrs
Ending Balance, Shares	`SharesIssued`	-	shares	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$2.27M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$493.13K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.