XML 43 R53.htm IDEA: XBRL DOCUMENT v2.4.1.9
Long Term Debt (Details 1) (USD $)
7 Months Ended 12 Months Ended
Dec. 31, 2013
Dec. 31, 2014
Debt Instrument [Line Items]    
Balance at December 31, 2013   $ 616,177us-gaap_ConvertibleDebt
Issued in the period 614,512us-gaap_ProceedsFromIssuanceOfDebt 181,459us-gaap_ProceedsFromIssuanceOfDebt
Converted into shares of common stock   (488,669)us-gaap_DebtConversionConvertedInstrumentAmount1
Amortization of debt discount to interest expense 794us-gaap_AmortizationOfDebtDiscountPremium 755,725us-gaap_AmortizationOfDebtDiscountPremium
Payment of loan principal   (5,356)us-gaap_RepaymentsOfDebt
Interest accrued during period 871us-gaap_DebtInstrumentIncreaseAccruedInterest 244,771us-gaap_DebtInstrumentIncreaseAccruedInterest
Interest paid during period    225,503us-gaap_InterestPaid
Balance at December 31, 2014 616,177us-gaap_ConvertibleDebt 1,078,604us-gaap_ConvertibleDebt
Less: Current portion (1) (5,356)us-gaap_ConvertibleDebtCurrent (6,337)us-gaap_ConvertibleDebtCurrent [1]
Long-term debt 615,306us-gaap_LongTermDebt 1,062,134us-gaap_LongTermDebt
Principal Balance [Member]    
Debt Instrument [Line Items]    
Balance at December 31, 2013   700,000us-gaap_ConvertibleDebt
/ us-gaap_ShortTermDebtTypeAxis
= cann_PrincipalBalanceMember
Issued in the period 700,000us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_ShortTermDebtTypeAxis
= cann_PrincipalBalanceMember
2,205,000us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_ShortTermDebtTypeAxis
= cann_PrincipalBalanceMember
Converted into shares of common stock   (485,000)us-gaap_DebtConversionConvertedInstrumentAmount1
/ us-gaap_ShortTermDebtTypeAxis
= cann_PrincipalBalanceMember
Payment of loan principal   (5,356)us-gaap_RepaymentsOfDebt
/ us-gaap_ShortTermDebtTypeAxis
= cann_PrincipalBalanceMember
Balance at December 31, 2014 700,000us-gaap_ConvertibleDebt
/ us-gaap_ShortTermDebtTypeAxis
= cann_PrincipalBalanceMember
2,414,644us-gaap_ConvertibleDebt
/ us-gaap_ShortTermDebtTypeAxis
= cann_PrincipalBalanceMember
Less: Current portion (1)   (6,337)us-gaap_ConvertibleDebtCurrent
/ us-gaap_ShortTermDebtTypeAxis
= cann_PrincipalBalanceMember
[1]
Long-term debt   2,408,307us-gaap_LongTermDebt
/ us-gaap_ShortTermDebtTypeAxis
= cann_PrincipalBalanceMember
Debt Discount [Member]    
Debt Instrument [Line Items]    
Balance at December 31, 2013   (84,694)us-gaap_ConvertibleDebt
/ us-gaap_ShortTermDebtTypeAxis
= cann_DebtDiscountMember
Issued in the period (85,488)us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_ShortTermDebtTypeAxis
= cann_DebtDiscountMember
(2,023,541)us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_ShortTermDebtTypeAxis
= cann_DebtDiscountMember
Amortization of debt discount to interest expense 794us-gaap_AmortizationOfDebtDiscountPremium
/ us-gaap_ShortTermDebtTypeAxis
= cann_DebtDiscountMember
755,725us-gaap_AmortizationOfDebtDiscountPremium
/ us-gaap_ShortTermDebtTypeAxis
= cann_DebtDiscountMember
Balance at December 31, 2014 (84,694)us-gaap_ConvertibleDebt
/ us-gaap_ShortTermDebtTypeAxis
= cann_DebtDiscountMember
(1,352,510)us-gaap_ConvertibleDebt
/ us-gaap_ShortTermDebtTypeAxis
= cann_DebtDiscountMember
Long-term debt   (1,352,510)us-gaap_LongTermDebt
/ us-gaap_ShortTermDebtTypeAxis
= cann_DebtDiscountMember
Accrued Interest [Member]    
Debt Instrument [Line Items]    
Balance at December 31, 2013   871us-gaap_ConvertibleDebt
/ us-gaap_ShortTermDebtTypeAxis
= cann_AccruedInterestMember
Converted into shares of common stock   (3,669)us-gaap_DebtConversionConvertedInstrumentAmount1
/ us-gaap_ShortTermDebtTypeAxis
= cann_AccruedInterestMember
Interest accrued during period 871us-gaap_DebtInstrumentIncreaseAccruedInterest
/ us-gaap_ShortTermDebtTypeAxis
= cann_AccruedInterestMember
244,771us-gaap_DebtInstrumentIncreaseAccruedInterest
/ us-gaap_ShortTermDebtTypeAxis
= cann_AccruedInterestMember
Interest paid during period   (225,503)us-gaap_InterestPaid
/ us-gaap_ShortTermDebtTypeAxis
= cann_AccruedInterestMember
Balance at December 31, 2014 871us-gaap_ConvertibleDebt
/ us-gaap_ShortTermDebtTypeAxis
= cann_AccruedInterestMember
16,470us-gaap_ConvertibleDebt
/ us-gaap_ShortTermDebtTypeAxis
= cann_AccruedInterestMember
Long-term debt   $ 16,470us-gaap_LongTermDebt
/ us-gaap_ShortTermDebtTypeAxis
= cann_AccruedInterestMember
[1] The current portion represents the principal balance payable on the 8 1/2 % convertible note payable in the twelve months following the balance sheet date