XML 79 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
 7 Months Ended 12 Months Ended
Dec. 31, 2013
Dec. 31, 2014
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES    
Net loss $ (710,962)us-gaap_NetIncomeLoss $ (6,930,139)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Loss on expired option to acquire property 150,000cann_LossOnExpiredOptionToAcquireProperty   
Depreciation and amortization    66,262us-gaap_DepreciationAndAmortization
Amortization of debt discount to interest expense 794us-gaap_AmortizationOfDebtDiscountPremium 755,725us-gaap_AmortizationOfDebtDiscountPremium
Amortization of deferred financing costs    31,944us-gaap_AmortizationOfFinancingCosts
Loss on derivative liability, net    3,393,904us-gaap_DerivativeGainLossOnDerivativeNet
Issuance of common stock for services 40,000us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims 884,000us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims
Common stock to be issued for services    414,375cann_CommonStockToBeIssuedForServices
Changes in operating assets and liabilities    
(Increase) / decrease in accounts receivable    (18,319)us-gaap_IncreaseDecreaseInAccountsReceivable
(Increase) / decrease in prepaid expenses and other assets (2,244)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (20,158)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
(Increase) in inventory    (70,341)us-gaap_IncreaseDecreaseInInventories
Increase in accounts payable and accrued expenses 43,212us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 60,112us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Increase in tenant deposits    7,604us-gaap_IncreaseDecreaseInSecurityDeposits
Net cash used in operating activities - continuing operations (479,200)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (1,425,031)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Net cash used in operating activities - discontinued operations (9,871)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations   
Net cash used in operating activities (489,071)us-gaap_NetCashProvidedByUsedInOperatingActivities (1,425,031)us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES    
Purchase of property and equipment (282,753)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (573,052)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Purchase of intangible assets    (38,200)us-gaap_PaymentsToAcquireIntangibleAssets
Purchase of option to acquire real estate (150,000)cann_PurchaseOfOptionToAcquireRealEstate   
Net cash used in investing activities (432,753)us-gaap_NetCashProvidedByUsedInInvestingActivities (611,252)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES    
Purchase and cancellation of shares of common stock (100,000)cann_PurchaseAndCancellationOfCommonstock   
Proceeds from sales of common stock for cash 985,400us-gaap_ProceedsFromIssuanceOrSaleOfEquity   
Proceeds from sale of warrants, net    400,000us-gaap_ProceedsFromIssuanceOfWarrants
Principal repayment on convertible notes payable    (5,356)us-gaap_RepaymentsOfConvertibleDebt
Proceeds from issuance of convertible notes payable, net of cash expenses 530,000us-gaap_ProceedsFromConvertibleDebt 1,394,739us-gaap_ProceedsFromConvertibleDebt
Deferred financing costs (66,140)us-gaap_PaymentsOfFinancingCosts (15,000)us-gaap_PaymentsOfFinancingCosts
Net cash provided by financing activities 1,349,260us-gaap_NetCashProvidedByUsedInFinancingActivities 1,774,383us-gaap_NetCashProvidedByUsedInFinancingActivities
NET INCREASE IN CASH 427,436us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (261,900)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH, BEGINNING OF PERIOD    427,436us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH, END OF PERIOD 427,436us-gaap_CashAndCashEquivalentsAtCarryingValue 165,536us-gaap_CashAndCashEquivalentsAtCarryingValue
SUPPLEMENTAL SCHEDULE OF CASH FLOW INFORMATION    
Cash paid for interest    225,503us-gaap_InterestPaid
Supplemental disclosure on non-cash financing activities    
Net decrease in equity upon recapitalization of the Company 10,663cann_NetDecreaseInEquityUponRecapitalization   
Net assets transferred on disposal of mapping segment 452cann_NetAssetsTransferredOnDisposalOfMappingSegment   
Purchase of property with mortgage 170,000cann_PurchaseOfPropertyWithMortgage 600,000cann_PurchaseOfPropertyWithMortgage
Non-cash financing costs    100,000us-gaap_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
Convertible notes payable settled in stock    485,000cann_ConvertibleNotesPayableSettledInStock
Interest on convertible notes payable settled in stock    3,669cann_InterestOnConvertibleNotesPayableSettledInStock
Cancellation of shares of common stock 100,000cann_CancellationOfSharesOfCommonStock 2,935cann_CancellationOfSharesOfCommonStock
Warrants issued in connection with debt recorded as debt discount    92,600cann_WarrantsIssuedAsDebtDiscount
Stock and warrants granted to Spector Group included in accrued stock payable, current portion and capitalized into construction in progress    $ 109,667cann_StockAndWarrantsInAccruedStockPayable