POS AM Filing

TREES CORP (COLORADO) CIK: 1477009 FY 2016

Filing Information

Form Type	POS AM
Accession Number	`0001398432-17-000069`
Period End Date	20161231
Filing Date	20170410
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	cann-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 40 Cash Flow Statement 61 Stockholders Equity 18

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, share authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$58.71K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$773.79K	USD	Point-in-time
Preferred stock, share authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$124.55K	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$182.21K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Note receivable related party	`DueFromRelatedPartiesCurrent`	$77.20K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common Stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$46.73K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$76.49K	USD	Point-in-time
Common Stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventory	`PublicUtilitiesInventory`	$7.98K	USD	Point-in-time
Inventory	`PublicUtilitiesInventory`	$15.52K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	17.13M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	14.92M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.12M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$245.52K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.71M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	17.13M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	14.92M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.73M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.52M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$25.38K	USD	Point-in-time
Goodwill	`Goodwill`	$187.00K	USD	Point-in-time
Total Assets	`Assets`	$3.68M	USD	Point-in-time
Total Assets	`Assets`	$2.86M	USD	Point-in-time
Accounts payable and accrued expenses	`DeferredCompensationShareBasedArrangementsLiabilityCurrent`	$293.53K	USD	Point-in-time
Accounts payable and accrued expenses	`DeferredCompensationShareBasedArrangementsLiabilityCurrent`	$363.62K	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$84.72K	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$9.81K	USD	Point-in-time
Infinity Note related party	`LinesOfCreditCurrent`	$800.00K	USD	Point-in-time
Notes payable (net of discount), current portion	`NotesAndLoansPayableCurrent`	$986.48K	USD	Point-in-time
Deferred rental revenue and customer deposits	`DeferredRevenueAndCreditsCurrent`	$33.15K	USD	Point-in-time
Deferred rental revenue and customer deposits	`DeferredRevenueAndCreditsCurrent`	$46.16K	USD	Point-in-time
Accrued stock payable	`AccruedStockPayableCurrentPortion`	$1.53M	USD	Point-in-time
Warrant derivative liability	`DerivativeLiabilitiesCurrent`	$23.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$23.54M	USD	Point-in-time
Notes payable (net of discount), less current portion	`LongTermNotesAndLoans`	$151.40K	USD	Point-in-time
Notes payable (net of discount), less current portion	`LongTermNotesAndLoans`	$815.25K	USD	Point-in-time
Infinity Note related party	`LongTermLineOfCredit`	$1.37M	USD	Point-in-time
Tenant deposits	`SecurityDepositLiability`	$9.20K	USD	Point-in-time
Tenant deposits	`SecurityDepositLiability`	$8.85K	USD	Point-in-time
Total Liabilities	`Liabilities`	$25.73M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.89M	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 share authorized; no shares issued and outstanding at December 31, 2016 and 2015	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, no par value; 5,000,000 share authorized; no shares issued and outstanding at December 31, 2016 and 2015	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $0.001 par value; 100,000,000 shares authorized; 17,128,778 shares and 14,915,421 shares issued and outstanding on December 31, 2016 and 2015, respectively	`CommonStockValue`	$17.13K	USD	Point-in-time
Common Stock, $0.001 par value; 100,000,000 shares authorized; 17,128,778 shares and 14,915,421 shares issued and outstanding on December 31, 2016 and 2015, respectively	`CommonStockValue`	$14.91K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$26.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-49.23M	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$-22.88M	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$-208.18K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$-3.52M	USD	Point-in-time
Total Liabilities & Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$2.86M	USD	Point-in-time
Total Liabilities & Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$3.68M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Service	`SalesRevenueServicesGross`	$1.60M	USD	Annual
Service	`SalesRevenueServicesGross`	$2.74M	USD	Annual
Tenant	`PaymentsForProceedsFromTenantAllowance`	$128.43K	USD	Annual
Tenant	`PaymentsForProceedsFromTenantAllowance`	$100.78K	USD	Annual
Product sales	`SalesRevenueGoodsGross`	$117.70K	USD	Annual
Product sales	`SalesRevenueGoodsGross`	$57.56K	USD	Annual
Total revenues	`Revenues`	$1.76M	USD	Annual
Total revenues	`Revenues`	$2.98M	USD	Annual
Cost of service revenues	`CostOfServicesDirectLabor`	$1.92M	USD	Annual
Cost of service revenues	`CostOfServicesDirectLabor`	$1.31M	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$115.21K	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$76.98K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.04M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.43M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$5.42M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$3.75M	USD	Annual
Professional fees	`ProfessionalFees`	$513.99K	USD	Annual
Professional fees	`ProfessionalFees`	$448.50K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$394.21K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$282.83K	USD	Annual
Impairment of intangible assets and goodwill	`AssetImpairmentCharges`	$1.34M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$10.04M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$9.01M	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-7.06M	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-7.24M	USD	Annual
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.45M	USD	Annual
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$812.50K	USD	Annual
Interest expense	`InterestExpense`	$300.67K	USD	Annual
Interest expense	`InterestExpense`	$5.48M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.17M	USD	Annual
Net loss (gain) on derivative liability	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$210.63K	USD	Annual
Net loss (gain) on derivative liability	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-17.28M	USD	Annual
Total other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-1.54M	USD	Annual
Total other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-25.74M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-32.80M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-8.79M	USD	Annual
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.63	USD	Annual
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-2.13	USD	Annual
Weighted average number of common shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.02M	shares	Annual
Weighted average number of common shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.42M	shares	Annual

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-32.80M	USD	Annual
Net loss	`NetIncomeLoss`	$-8.79M	USD	Annual
Amortization of debt discount and deferred financing costs	`AmortizationOfDebtDiscountPremium`	$1.45M	USD	Annual
Amortization of debt discount and deferred financing costs	`AmortizationOfDebtDiscountPremium`	$812.50K	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.17M	USD	Annual
Initial fair value of derivative warrant liability included as interest expense	`InitialFairValueOfDerivativeWarrantLiabilityIncludedAsInterestExpense`	$5.19M	USD	Annual
Loss (gain) on derivative liability, net	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-210.63K	USD	Annual
Loss (gain) on derivative liability, net	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$17.28M	USD	Annual
Depreciation and amortization expense	`OtherDepreciationAndAmortization`	$394.21K	USD	Annual
Depreciation and amortization expense	`OtherDepreciationAndAmortization`	$282.83K	USD	Annual
Impairment of intangible assets and goodwill	`GoodwillImpairmentLoss`	$1.34M	USD	Annual
Share-based payments	`EmployeeBenefitsAndShareBasedCompensation`	$3.75M	USD	Annual
Share-based payments	`EmployeeBenefitsAndShareBasedCompensation`	$5.42M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-106.23K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-57.66K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-24.33K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-31.96K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$67.07K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$7.54K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$322.22K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$80.46K	USD	Annual
Net cash used in operating activities:	`NetCashProvidedByUsedInOperatingActivities`	$-1.85M	USD	Annual
Net cash used in operating activities:	`NetCashProvidedByUsedInOperatingActivities`	$-1.58M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$41.45K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.21K	USD	Annual
Chiefton acquisition cash paid for inventory	`ChieftonAcquisitionCashPaidForInventory`	$-12.25K	USD	Annual
Lending on Note receivable related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-75.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-68.46K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-116.45K	USD	Annual
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$2.50M	USD	Annual
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$350.00K	USD	Annual
Increase in Infinity Note related party	`LineOfCreditFacilityIncreaseDecreaseForPeriodNet`	$-1.10M	USD	Annual
Increase in Infinity Note related party	`LineOfCreditFacilityIncreaseDecreaseForPeriodNet`	$-497.50K	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	$917.31K	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	$6.34K	USD	Annual
Proceeds from exercise of warrants for shares of common stock	`ProceedsFromStockOptionsExercised`	$100.00K	USD	Annual
Proceeds from exercise of warrants for shares of common stock	`ProceedsFromStockOptionsExercised`	$606.09K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.69M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.54M	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$715.08K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-106.83K	USD	Annual
CASH, BEGINNING OF PERIOD	`Cash`	$165.54K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$58.71K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$773.79K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$165.54K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$58.71K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$773.79K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$231.30K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$169.21K	USD	Annual
Issuance of common stock and warrants for accrued stock payable	`IssuanceOfCommonStockAndWarrantsFromAccruedStockPayable`	$988.49K	USD	Annual
Issuance of common stock and warrants for accrued stock payable	`IssuanceOfCommonStockAndWarrantsFromAccruedStockPayable`	$1.73M	USD	Annual
Derivative warrant liability recorded as debt discount	`DerivativeWarrantLiabilityRecordedAsDebtDiscount`	$2.45M	USD	Annual
Warrants issued in connection with debt recorded as debt discount	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$31.10K	USD	Annual
Warrants issued in connection with debt recorded as debt discount	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$298.53K	USD	Annual
Converted Notes	`DebtConversionConvertedInstrumentAmount1`	$550.00K	USD	Annual
Convertible notes payable settled in common stock	`ConvertibleNotesSettledInCommonStock`	$1.65M	USD	Annual
Portion of Warrant derivative liability recorded as Additional paid-in capital upon exercise of warrants	`PortionOfWarrantDerivativeLiabilityRecordedAsAdditionalPaidinCapitalUponExerciseOfWarrants`	$3.52M	USD	Annual
Portion of Warrant derivative liability recorded as Additional paid-in capital upon exercise of warrants	`PortionOfWarrantDerivativeLiabilityRecordedAsAdditionalPaidinCapitalUponExerciseOfWarrants`	$3.68M	USD	Annual
12% Note principal used to exercise 12% Warrants	`ProceedsFromWarrantExercises`	$250.00K	USD	Annual
Acquisition of IPG with common stock payable and warrants	`AcquisitionOfIPGWithCommonStockPayableAndWarrants`	$1.89M	USD	Annual
Acquisition of Chiefton with common stock payable	`AcquisitionOfChieftonWithCommonStockPayable`	$69.40K	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-22.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$-208.18K	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.52M	USD	Point-in-time
Common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$132.18K	USD	Annual
Exercise of Warrants	`ProceedsFromWarrantExercises`	$250.00K	USD	Annual
Stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$114.69K	USD	Annual
Stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$25.00K	USD	Annual
Conversion of Notes payable and interest	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.65M	USD	Annual
Common stock issued upon exercise of warrants and stock	`StockIssuedDuringPeriodValueStockOptionsExercised`	$153.34K	USD	Annual
Warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$150.16K	USD	Annual
Warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$77.92K	USD	Annual
Stock granted to employees	`StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan`	$3.35M	USD	Annual
Stock granted to employees	`StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan`	$1.50M	USD	Annual
Net loss	`ProfitLoss`	$-8.79M	USD	Annual
Net loss	`ProfitLoss`	$-32.80M	USD	Annual
Balance	`StockholdersEquity`	$-22.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$-208.18K	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.52M	USD	Point-in-time

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