10-Q/A Filing

TREES CORP (COLORADO) CIK: 1477009 Q2 2014

Filing Information

Form Type	10-Q/A
Accession Number	`0001354488-14-004378`
Period End Date	20140630
Filing Date	20140821
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	pmap-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 43 Cash Flow Statement 61

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$12.40K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.50M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$427.44K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Tenant receivables	`AccountsReceivableNetCurrent`	$46.89K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Tenant receivables	`AccountsReceivableNetCurrent`	-	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$2.24K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$6.25K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventory	`InventoryNet`	$26.43K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.58M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$429.68K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$457.97K	USD	Point-in-time
Deferred financing costs	`OtherAssetsNoncurrent`	-	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
Deferred financing costs	`OtherAssetsNoncurrent`	$99.03K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.44M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.14M	shares	Point-in-time
Tenant receivables	`AccountsReceivableNetNoncurrent`	$35.03K	USD	Point-in-time
Tenant receivables	`AccountsReceivableNetNoncurrent`	-	USD	Point-in-time
Other receivables, net	`NotesAndLoansReceivableNetNoncurrent`	-	USD	Point-in-time
Other receivables, net	`NotesAndLoansReceivableNetNoncurrent`	$27.55K	USD	Point-in-time
Other capitalized costs	`OtherAssets`	-	USD	Point-in-time
Other capitalized costs	`OtherAssets`	$20.00K	USD	Point-in-time
Total Assets	`Assets`	$882.43K	USD	Point-in-time
Total Assets	`Assets`	$2.22M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$52.84K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$43.21K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	-	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$1.86K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$923.76K	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`	$48.57K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$984.39K	USD	Point-in-time
Convertible notes payable (net of debt discount), less current portion	`LongTermNotesPayable`	$609.95K	USD	Point-in-time
Convertible notes payable (net of debt discount), less current portion	`LongTermNotesPayable`	$769.08K	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`	$770.33K	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$611.20K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.75M	USD	Point-in-time
Total Liabilities	`Liabilities`	$659.77K	USD	Point-in-time
Preferred stock, no par value; 5,000,000 share authorized; no shares issued and outstanding at June 30, 2014 and December 31, 2013	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, no par value; 5,000,000 share authorized; no shares issued and outstanding at June 30, 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 June 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$2.60M	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 June 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$933.63K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-710.96K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$222.66K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$465.00K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$882.43K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.22M	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Wholesale sales	`SalesRevenueGoodsGross`	$17.76K	USD	1 Quarter
Wholesale sales	`SalesRevenueGoodsGross`	$17.76K	USD	2 Qtrs
Cost of wholesale goods sold	`CostOfGoodsSold`	$17.32K	USD	1 Quarter
Cost of wholesale goods sold	`CostOfGoodsSold`	$17.32K	USD	2 Qtrs
Net wholesale sales	`SalesRevenueNet`	$435.00	USD	2 Qtrs
Net wholesale sales	`SalesRevenueNet`	$435.00	USD	1 Quarter
Tenant rental	`TenantrentalsRevenue`	$28.77K	USD	1 Quarter
Tenant rental	`TenantrentalsRevenue`	$57.53K	USD	2 Qtrs
Consulting fees, net	`SalesRevenueServicesNet`	$53.60K	USD	2 Qtrs
Consulting fees, net	`SalesRevenueServicesNet`	$33.60K	USD	1 Quarter
Net revenues	`Revenues`	$62.80K	USD	1 Quarter
Net revenues	`Revenues`	$111.56K	USD	2 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$97.53K	USD	2 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$43.05K	USD	1 Quarter
Payroll and related expenses	`LaborAndRelatedExpense`	$131.44K	USD	1 Quarter
Payroll and related expenses	`LaborAndRelatedExpense`	$236.58K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$118.54K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$201.05K	USD	2 Qtrs
Office expense	`OfficeExpense`	$29.14K	USD	2 Qtrs
Office expense	`OfficeExpense`	$21.45K	USD	1 Quarter
Depreciation	`Depreciation`	$6.23K	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	2 Qtrs
Depreciation	`Depreciation`	$3.12K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$317.61K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$570.54K	USD	2 Qtrs
Operating loss from operations	`OperatingIncomeLoss`	$-254.81K	USD	1 Quarter
Operating loss from operations	`OperatingIncomeLoss`	$-458.97K	USD	2 Qtrs
Gain (loss) on derivative liability, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-423.76K	USD	2 Qtrs
Gain (loss) on derivative liability, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$223.88K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$417.88K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$113.04K	USD	1 Quarter
Interest Expense	`InterestExpense`	$78.84K	USD	1 Quarter
Interest Expense	`InterestExpense`	$128.11K	USD	2 Qtrs
Total other (expense) income	`NonoperatingIncomeExpense`	$-969.75K	USD	2 Qtrs
Total other (expense) income	`NonoperatingIncomeExpense`	$32.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.43M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-222.81K	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average number of common shares Outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.55M	shares	2 Qtrs
Weighted average number of common shares Outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.44M	shares	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.43M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-222.81K	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$417.88K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$113.04K	USD	1 Quarter
Amortization of deferred financing cost	`AmortizationOfFinancingCosts`	$15.97K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$26.40K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	2 Qtrs
Depreciation	`Depreciation`	$6.23K	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	2 Qtrs
Depreciation	`Depreciation`	$3.12K	USD	1 Quarter
Issuance of stock to pay interest expense	`NoncashInterestExpensePaidWithStockIssuance`	$3.67K	USD	2 Qtrs
Issuance of stock to pay interest expense	`NoncashInterestExpensePaidWithStockIssuance`	-	USD	2 Qtrs
Change in fair value of derivative liability, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-423.76K	USD	2 Qtrs
Change in fair value of derivative liability, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$223.88K	USD	1 Quarter
Increase in receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Increase in receivable	`IncreaseDecreaseInAccountsReceivable`	$135.87K	USD	2 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	$26.43K	USD	2 Qtrs
Increase in inventory	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.00K	USD	2 Qtrs
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$11.49K	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-689.62K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.45K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Increase in capitalized costs	`PaymentsToAcquireOtherProductiveAssets`	$20.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.45K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$12.40K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from sale of warrants	`ProceedsFromIssuanceOfWarrants`	$400.00K	USD	2 Qtrs
Proceeds from sale of warrants	`ProceedsFromIssuanceOfWarrants`	-	USD	2 Qtrs
Principal repayment on convertible notes payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Principal repayment on convertible notes payable	`RepaymentsOfNotesPayable`	$3.18K	USD	2 Qtrs
Proceeds from issuance of convertible notes payable, net of cash expenses	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Proceeds from issuance of convertible notes payable, net of cash expenses	`ProceedsFromIssuanceOfLongTermDebt`	$1.41M	USD	2 Qtrs
Increase in deferred financing costs	`IncreaseDecreaseInDeferredFinancingCosts`	$-15.00K	USD	2 Qtrs
Increase in deferred financing costs	`IncreaseDecreaseInDeferredFinancingCosts`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.79M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.40K	USD	2 Qtrs
Net Increase In Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$12.40K	USD	2 Qtrs
Net Increase In Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.07M	USD	2 Qtrs
Cash At The Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$12.40K	USD	Point-in-time
Cash At The Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$1.50M	USD	Point-in-time
Cash At The Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	$427.44K	USD	Point-in-time
Cash At The Beginning of the Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash At The End of the Period	`CashAndCashEquivalentsAtCarryingValue`	$12.40K	USD	Point-in-time
Cash At The End of the Period	`CashAndCashEquivalentsAtCarryingValue`	$1.50M	USD	Point-in-time
Cash At The End of the Period	`CashAndCashEquivalentsAtCarryingValue`	$427.44K	USD	Point-in-time
Cash At The End of the Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$44.61K	USD	2 Qtrs
Non-cash financing costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$100.00K	USD	2 Qtrs
Non-cash financing costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	2 Qtrs
Convertible notes payable settled in stock	`StockIssued1`	$255.00K	USD	2 Qtrs
Convertible notes payable settled in stock	`StockIssued1`	-	USD	2 Qtrs
Interest on convertible notes payable settled in stock	`InterestOnConvertibleNotesPayableSettledInStock`	$3.67K	USD	2 Qtrs
Interest on convertible notes payable settled in stock	`InterestOnConvertibleNotesPayableSettledInStock`	-	USD	2 Qtrs

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