10-Q/A Filing

TREES CORP (COLORADO) CIK: 1477009 Q1 2014

Filing Information

Form Type	10-Q/A
Accession Number	`0001354488-14-004552`
Period End Date	20140331
Filing Date	20140910
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	pmap-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 39 Cash Flow Statement 78

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$427.44K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.88M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Tenant receivable (net of allowance for doubtful accounts)	`AccountsReceivableNetCurrent`	$1.59K	USD	Point-in-time
Tenant receivable (net of allowance for doubtful accounts)	`AccountsReceivableNetCurrent`	$47.45K	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
Prepaid Expenses	`PrepaidExpenseCurrent`	$7.95K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$649.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.94M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$429.68K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	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`	$452.75K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$457.89K	USD	Point-in-time
Tenant receivable	`OtherReceivables`	-	USD	Point-in-time
Tenant receivable	`OtherReceivables`	$19.77K	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
Other assets, financing costs (net of amortization)	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.14M	shares	Point-in-time
Other assets, financing costs (net of amortization)	`OtherAssetsNoncurrent`	$109.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.44M	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`	15.14M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.44M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$26.81K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$42.34K	USD	Point-in-time
Accrued interest expense, notes payable	`AccruedInterestExpenseNotesPayable`	-	USD	Point-in-time
Accrued interest expense, notes payable	`AccruedInterestExpenseNotesPayable`	$871.00	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$1.15M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	-	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`	$48.57K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.18M	USD	Point-in-time
Convertible notes payable (net of debt discount)	`LongTermNotesPayable`	$657.48K	USD	Point-in-time
Convertible notes payable (net of debt discount)	`LongTermNotesPayable`	$609.95K	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`	$658.73K	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$611.20K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.84M	USD	Point-in-time
Total Liabilities	`Liabilities`	$659.77K	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`	$933.63K	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`	$2.60M	USD	Point-in-time
Deficit accumulated during development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$1.92M	USD	Point-in-time
Deficit accumulated during development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$710.96K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$222.66K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$687.81K	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 39 line items

Line Item	Tag	Value	Unit	Period
Tenant rentals	`TenantrentalsRevenue`	$28.77K	USD	3 Qtrs
Tenant rentals	`TenantrentalsRevenue`	$28.77K	USD	1 Quarter
Consulting fees	`SalesRevenueServicesNet`	$20.00K	USD	3 Qtrs
Consulting fees	`SalesRevenueServicesNet`	$20.00K	USD	1 Quarter
Total revenues	`Revenues`	$48.77K	USD	1 Quarter
Total revenues	`Revenues`	$48.77K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$107.74K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$54.48K	USD	1 Quarter
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`	$15.96K	USD	3 Qtrs
Office expense	`OfficeExpense`	$7.69K	USD	1 Quarter
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`	$964.19K	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$252.93K	USD	1 Quarter
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`	$304.84K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$305.63K	USD	3 Qtrs
Gain (loss) on derivative liability, net	`DerivativeGainLossOnDerivativeNet`	$-647.64K	USD	3 Qtrs
Gain (loss) on derivative liability, net	`DerivativeGainLossOnDerivativeNet`	$-647.64K	USD	1 Quarter
Interest expense	`InterestExpense`	$49.27K	USD	1 Quarter
Interest expense	`InterestExpense`	$50.15K	USD	3 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-1.00M	USD	3 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-1.00M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.92M	USD	3 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.21M	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$1.96K	USD	3 Qtrs
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$1.96K	USD	2 Qtrs
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.92M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.21M	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	1 Quarter
Weighted average number of common shares Outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.66M	shares	1 Quarter

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.92M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.21M	USD	1 Quarter
Loss on expired option to acquire property	`LossOnExpiredOptionToAcquireProperty`	-	USD	1 Quarter
Loss on expired option to acquire property	`LossOnExpiredOptionToAcquireProperty`	$150.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$3.12K	USD	3 Qtrs
Depreciation	`Depreciation`	$3.12K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$304.84K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$305.63K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$6.00K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$6.00K	USD	1 Quarter
(Gain) loss on derivative liability, net	`DerivativeGainLossOnDerivativeNet`	$-647.64K	USD	3 Qtrs
(Gain) loss on derivative liability, net	`DerivativeGainLossOnDerivativeNet`	$-647.64K	USD	1 Quarter
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 in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$67.87K	USD	3 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$65.62K	USD	1 Quarter
Increase in prepaid	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.30K	USD	3 Qtrs
Increase in prepaid	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.30K	USD	1 Quarter
Increase/(decrease) in accounts payable, accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-16.40K	USD	1 Quarter
Increase/(decrease) in accounts payable, accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$26.81K	USD	3 Qtrs
Net cash used in operating activities continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-329.98K	USD	1 Quarter
Net cash used in operating activities continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-809.18K	USD	3 Qtrs
Net cash used in operating activities discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$-9.87K	USD	3 Qtrs
Net cash used in operating activities discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-329.98K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-819.05K	USD	3 Qtrs
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`	-	USD	1 Quarter
Purchase of option to acquire real estate	`PurchaseOfOptionToAcquireRealEstate`	$150.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.25K	USD	1 Quarter
Net cash used in 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, net	`ProceedsFromWarrantExercises`	$400.00K	USD	1 Quarter
Proceeds from sale of warrants, net	`ProceedsFromWarrantExercises`	$400.00K	USD	3 Qtrs
Principal repayment on convertible notes payable	`RepaymentsOfConvertibleDebt`	$1.74K	USD	1 Quarter
Principal repayment on convertible notes payable	`RepaymentsOfConvertibleDebt`	$1.74K	USD	3 Qtrs
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	3 Qtrs
Deferred financing costs	`IncreasedecreaseInDeferredFinancingCosts`	$15.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.14M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.80M	USD	1 Quarter
Net Increase In Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.46M	USD	1 Quarter
Net Increase In Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.88M	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$427.44K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.88M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$427.44K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.88M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$46.48K	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$46.48K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
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`	-	USD	1 Quarter
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$40.00K	USD	3 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`	$170.00K	USD	3 Qtrs
Purchase of property with mortgage	`PurchaseOfPropertyWithMortgage`	-	USD	1 Quarter
Non-cash financing costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$100.00K	USD	1 Quarter
Non-cash financing costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$100.00K	USD	3 Qtrs
Convertible notes payable settled in stock	`ConvertibleNotesPayableSettledInStock`	$255.00K	USD	1 Quarter
Convertible notes payable settled in stock	`ConvertibleNotesPayableSettledInStock`	$255.00K	USD	3 Qtrs
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
Warrants issued as payment for deferred financing costs	`WarrantsIssuedAsPaymentForDeferredFinancingCosts`	$92.60K	USD	3 Qtrs
Warrants issued as payment for deferred financing costs	`WarrantsIssuedAsPaymentForDeferredFinancingCosts`	$92.60K	USD	1 Quarter

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