10-Q/A Filing

TREES CORP (COLORADO) CIK: 1477009 Q1 2014

Filing Information

Form Type	10-Q/A
Accession Number	`0001354488-14-003394`
Period End Date	20140331
Filing Date	20140623
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	pmap-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 37 Cash Flow Statement 74 Stockholders Equity 23

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.88M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$427.44K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable (net of allowance for doubtful accounts)	`AccountsReceivableNetCurrent`	$47.45K	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
Prepaid Expenses	`PrepaidExpenseCurrent`	$649.00	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$7.95K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$429.68K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.94M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$457.89K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$452.75K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other receivables	`OtherReceivables`	-	USD	Point-in-time
Other receivables	`OtherReceivables`	$19.77K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other assets, financing costs	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Other assets, financing costs	`OtherAssetsNoncurrent`	$115.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.14M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.44M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.14M	shares	Point-in-time
Total Assets	`Assets`	$2.53M	USD	Point-in-time
Total Assets	`Assets`	$882.43K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.44M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$42.34K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$32.81K	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 - current portion	`ConvertibleNotesPayableCurrent`	$5.36K	USD	Point-in-time
Convertible notes payable - current portion	`ConvertibleNotesPayableCurrent`	$5.93K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$38.74K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$48.57K	USD	Point-in-time
Convertible notes payable (net of debt discount)	`LongTermNotesPayable`	$402.60K	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`	$403.85K	USD	Point-in-time
Total Liabilities	`Liabilities`	$389.30K	USD	Point-in-time
Total Liabilities	`Liabilities`	$442.58K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, no par value; 5,000,000 shares authorized; No shares issues & outstanding at March 31, 2014 and December 31, 2013	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, no par value; 5,000,000 shares authorized; No shares issues & outstanding at March 31, 2014 and December 31, 2013	`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`	$3.38M	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
Deficit accumulated during development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$710.96K	USD	Point-in-time
Deficit accumulated during development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$1.28M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$493.13K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.09M	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 37 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	1 Quarter
Consulting fees	`SalesRevenueServicesNet`	$20.00K	USD	3 Qtrs
Total revenues	`Revenues`	$48.77K	USD	3 Qtrs
Total 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`	$105.14K	USD	1 Quarter
Payroll and related	`Payroll`	$213.72K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$82.52K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$473.65K	USD	3 Qtrs
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`	-	USD	1 Quarter
Loss on expired option to acquire real estate	`LossOnExpiredOptionToAcquireRealEstate`	$150.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$3.12K	USD	3 Qtrs
Depreciation	`Depreciation`	$3.12K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$252.93K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$964.19K	USD	3 Qtrs
Operating income (loss) from continuing operations	`OperatingIncomeLoss`	$-915.42K	USD	3 Qtrs
Operating income (loss) from continuing operations	`OperatingIncomeLoss`	$-204.17K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$320.42K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$321.22K	USD	3 Qtrs
Interest expense	`InterestExpense`	$-50.15K	USD	3 Qtrs
Interest expense	`InterestExpense`	$-49.27K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-369.70K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-371.36K	USD	3 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.29M	USD	3 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-573.86K	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$1.96K	USD	2 Qtrs
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.28M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-710.96K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-573.86K	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Weighted average number of common shares Outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.48M	shares	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.28M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-710.96K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-573.86K	USD	1 Quarter
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`	$320.42K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$321.22K	USD	3 Qtrs
Issuance of stock to pay interest expense	`NoncashInterestExpensePaidWithStockIssuance`	$3.67K	USD	1 Quarter
Issuance of stock to pay interest expense	`NoncashInterestExpensePaidWithStockIssuance`	$3.67K	USD	3 Qtrs
Issuance of stock compensation	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$40.00K	USD	3 Qtrs
Issuance of stock compensation	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
(Increase)/decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$45.86K	USD	1 Quarter
(Increase)/decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$48.10K	USD	3 Qtrs
(Increase)/decrease in other receivable	`IncreaseDecreaseInOtherReceivables`	$19.77K	USD	1 Quarter
(Increase)/decrease in other receivable	`IncreaseDecreaseInOtherReceivables`	$19.77K	USD	3 Qtrs
(Increase)/ decrease in prepaid	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.30K	USD	3 Qtrs
(Increase)/ decrease in prepaid	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.30K	USD	1 Quarter
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 in) operating activities continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-809.98K	USD	3 Qtrs
Net cash provided by (used in) operating activities continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-330.78K	USD	1 Quarter
Net cash provided by (used in) operating activities discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	-	USD	1 Quarter
Net cash provided by (used in) operating activities discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$-9.87K	USD	3 Qtrs
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-819.85K	USD	3 Qtrs
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-330.78K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$291.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.25K	USD	1 Quarter
Purchase of option to acquire real estate	`PurchaseOfOptionToAcquireRealEstate`	$150.00K	USD	3 Qtrs
Purchase of option to acquire real estate	`PurchaseOfOptionToAcquireRealEstate`	-	USD	1 Quarter
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	`ProceedsFromIssuanceOrSaleOfEquity`	$985.40K	USD	3 Qtrs
Sales of common stock for cash	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	1 Quarter
Proceeds from sale of warrants	`ProceedsFromWarrantExercises`	$400.00K	USD	3 Qtrs
Proceeds from sale of warrants	`ProceedsFromWarrantExercises`	$400.00K	USD	1 Quarter
Principal repayment on convertible notes payable	`RepaymentsOfConvertibleDebt`	$943.00	USD	3 Qtrs
Principal repayment on convertible notes payable	`RepaymentsOfConvertibleDebt`	$943.00	USD	1 Quarter
Proceeds from issuance of convertible notes payable, net of cash expenses	`ProceedsFromConvertibleDebt`	$1.41M	USD	1 Quarter
Proceeds from issuance of convertible notes payable, net of cash expenses	`ProceedsFromConvertibleDebt`	$1.88M	USD	3 Qtrs
Deferred financing costs	`IncreasedecreaseInDeferredFinancingCosts`	$15.00K	USD	1 Quarter
Deferred financing costs	`IncreasedecreaseInDeferredFinancingCosts`	$15.00K	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 Increase (Decrease) In Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.46M	USD	1 Quarter
Net Increase (Decrease) In Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.88M	USD	3 Qtrs
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 acquired on recapitalization	`NetLiabilitiesAcquiredOnRecapitalization`	$10.66K	USD	3 Qtrs
Net liabilities acquired on recapitalization	`NetLiabilitiesAcquiredOnRecapitalization`	-	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`	$452.00	USD	3 Qtrs
Net assets transferred on disposal of mapping division	`NetAssetsTransferredOnDisposalOfMappingDivision`	-	USD	1 Quarter
Purchase of property with mortgage	`PurchaseOfPropertyWithMortgage`	-	USD	1 Quarter
Purchase of property with mortgage	`PurchaseOfPropertyWithMortgage`	$170.00K	USD	3 Qtrs
Convertible notes payable settled in stock	`ConvertibleNotesPayableSettledInStock`	$255.00K	USD	3 Qtrs
Convertible notes payable settled in stock	`ConvertibleNotesPayableSettledInStock`	$255.00K	USD	1 Quarter
Interest on convertible notes payable settled in stock	`InterestOnConvertibleNotesPayableSettledInStock`	$3.67K	USD	1 Quarter
Interest on convertible notes payable settled in stock	`InterestOnConvertibleNotesPayableSettledInStock`	$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`	$493.13K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$2.09M	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
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`	$1.13M	USD	1 Quarter
Discount on convertible notes issued January 29, 2014	`DiscountOnConvertibleNotesIssuedJanuary292014`	$289.81K	USD	2 Qtrs
Issuance of common shares in settlement of convertible notes payable of $255,000 and accrued interest of $3,669, Amount	`AmountIssuanceCommon`	$258.67K	USD	1 Quarter
Warrants issued as commission for sale of convertible notes payable	`WarrantsIssuedAsCommissionForSaleOfConvertibleNotesPayable`	$280.88K	USD	1 Quarter
Loss on sale of mapping business to related party	`LossOnSaleOfMappingBusinessToRelatedParty`	$-452.00	USD	2 Qtrs
Net loss for the year	`NetIncomeLoss`	$-1.28M	USD	3 Qtrs
Net loss for the year	`NetIncomeLoss`	$-710.96K	USD	2 Qtrs
Net loss for the year	`NetIncomeLoss`	$-573.86K	USD	1 Quarter
Ending Balance, Shares	`SharesIssued`	-	shares	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$493.13K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$2.09M	USD	Point-in-time

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