XML 16 R55.htm IDEA: XBRL DOCUMENT v2.4.1.9
Long Term Debt (Details Textual) (USD $)
1 Months Ended 7 Months Ended 12 Months Ended
Oct. 31, 2014
Sep. 24, 2014
Dec. 31, 2013
Dec. 31, 2014
Unsecured convertible promissory notes     $ 530,000us-gaap_UnsecuredDebtCurrent  
Debt instrument principal amounts     170,000us-gaap_DebtInstrumentAnnualPrincipalPayment  
Conversion price per common share     $ 5.00us-gaap_DebtInstrumentConvertibleConversionPrice1  
Debt instrument accrued interest     871us-gaap_DebtInstrumentIncreaseAccruedInterest 244,771us-gaap_DebtInstrumentIncreaseAccruedInterest
Purchase of Warrants 600,000us-gaap_DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1      
Proceeds from issuance of warrants   1,400,000us-gaap_ProceedsFromIssuanceOfWarrants    400,000us-gaap_ProceedsFromIssuanceOfWarrants
Warrants price per share       $ 4.00us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
Amortized interest expense     871us-gaap_InterestExpenseDebtExcludingAmortization 244,770us-gaap_InterestExpenseDebtExcludingAmortization
Unamortized discount     (84,694)us-gaap_DebtInstrumentUnamortizedDiscount (1,352,510)us-gaap_DebtInstrumentUnamortizedDiscount
Common stock, shares issued     15,137,200us-gaap_CommonStockSharesIssued 125,499,933us-gaap_CommonStockSharesIssued
Description of converted shares       The trading stock price has exceeded $10 for twenty consecutive trading days and the daily volume for those twenty consecutive trading days exceeds 25,000 shares.
Notes converted into shares, amount       (488,669)us-gaap_DebtConversionConvertedInstrumentAmount1
8.5% Convertible Note Payable [Member]        
Debt instrument principal amounts       170,000us-gaap_DebtInstrumentAnnualPrincipalPayment
/ us-gaap_ShortTermDebtTypeAxis
= cann_ConvertibleNotePayableOneMember
Debt instrument, maturity date       Dec. 31, 2028
Accrued interest per annum       8.00%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_ShortTermDebtTypeAxis
= cann_ConvertibleNotePayableOneMember
Conversion price per common share       $ 5.00us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_ShortTermDebtTypeAxis
= cann_ConvertibleNotePayableOneMember
Debt instrument term       15 years
Conversion of 12% Convertible Notes [Member]        
Debt instrument principal amounts       485,000us-gaap_DebtInstrumentAnnualPrincipalPayment
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_ConvertibleNotesPayableMember
Conversion price per common share       $ 5.00us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_ConvertibleNotesPayableMember
Debt instrument accrued interest       4,000us-gaap_DebtInstrumentIncreaseAccruedInterest
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_ConvertibleNotesPayableMember
Debt discount       440,000cann_DebtInstrumentDebtDiscount
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_ConvertibleNotesPayableMember
Notes converted into shares, amount       485,000us-gaap_DebtConversionConvertedInstrumentAmount1
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_ConvertibleNotesPayableMember
Shares issued for conversion of notes       330,000us-gaap_DebtConversionConvertedInstrumentSharesIssued1
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_ConvertibleNotesPayableMember
Notes converted into stock exchange, amount       1,650,000cann_DebtConversionConvertedInstrumentAmountOne
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_ConvertibleNotesPayableMember
14% Mortgage Note Payable [Member]        
Debt instrument principal amounts       600,000us-gaap_DebtInstrumentAnnualPrincipalPayment
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_MortgagesMember
Debt instrument, maturity date       Oct. 12, 2016
Accrued interest per annum       14.00%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_MortgagesMember
Proceeds from issuance of warrants       418,000us-gaap_ProceedsFromIssuanceOfWarrants
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_MortgagesMember
Share-based compensation warrants granted       600,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_MortgagesMember
Common stock at fixed conversion price       $ 4.40us-gaap_DebtInstrumentConvertibleStockPriceTrigger
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_MortgagesMember
Common stock, shares issued       600,000us-gaap_CommonStockSharesIssued
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_MortgagesMember
December 2013 Issuance [Member]        
Debt instrument, maturity date       Oct. 31, 2018
Accrued interest per annum       12.00%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= cann_DecemberTwoThousandThirteenIssuanceMember
Conversion price per common share       $ 5.00us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_DebtInstrumentAxis
= cann_DecemberTwoThousandThirteenIssuanceMember
Debt instrument maturity date description       These notes are convertible at the election of the noteholder at any time on or before maturity date at $5.00 per common share.
Debt discount     66,000cann_DebtInstrumentDebtDiscount
/ us-gaap_DebtInstrumentAxis
= cann_DecemberTwoThousandThirteenIssuanceMember
66,600cann_DebtInstrumentDebtDiscount
/ us-gaap_DebtInstrumentAxis
= cann_DecemberTwoThousandThirteenIssuanceMember
Purchase of Warrants       10,600us-gaap_DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
/ us-gaap_DebtInstrumentAxis
= cann_DecemberTwoThousandThirteenIssuanceMember
Proceeds from issuance of private placement       20,000us-gaap_ProceedsFromIssuanceOfPrivatePlacement
/ us-gaap_DebtInstrumentAxis
= cann_DecemberTwoThousandThirteenIssuanceMember
Warrants price per share       $ 5.00us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
/ us-gaap_DebtInstrumentAxis
= cann_DecemberTwoThousandThirteenIssuanceMember
Amortized interest expense     1,000us-gaap_InterestExpenseDebtExcludingAmortization
/ us-gaap_DebtInstrumentAxis
= cann_DecemberTwoThousandThirteenIssuanceMember
18,000us-gaap_InterestExpenseDebtExcludingAmortization
/ us-gaap_DebtInstrumentAxis
= cann_DecemberTwoThousandThirteenIssuanceMember
Unamortized discount       65,000us-gaap_DebtInstrumentUnamortizedDiscount
/ us-gaap_DebtInstrumentAxis
= cann_DecemberTwoThousandThirteenIssuanceMember
December 2013 Issuance [Member] | Maximum [Member]        
Debt instrument principal amounts       300,000us-gaap_DebtInstrumentAnnualPrincipalPayment
/ us-gaap_DebtInstrumentAxis
= cann_DecemberTwoThousandThirteenIssuanceMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
December 2013 Issuance [Member] | Minimum [Member]        
Debt instrument principal amounts       10,000us-gaap_DebtInstrumentAnnualPrincipalPayment
/ us-gaap_DebtInstrumentAxis
= cann_DecemberTwoThousandThirteenIssuanceMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
January 2014 Issuance [Member]        
Debt instrument principal amounts       1,120,000us-gaap_DebtInstrumentAnnualPrincipalPayment
/ us-gaap_DebtInstrumentAxis
= cann_JanuaryTwoThousandFourteenIssuanceMember
Debt instrument, maturity date       Oct. 31, 2018
Accrued interest per annum       12.00%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= cann_JanuaryTwoThousandFourteenIssuanceMember
Conversion price per common share       $ 5.00us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_DebtInstrumentAxis
= cann_JanuaryTwoThousandFourteenIssuanceMember
Debt instrument maturity date description       These notes are convertible at the election of the noteholder at any time on or before maturity date at $5.00 per common share.
Debt discount       32,100cann_DebtInstrumentDebtDiscount
/ us-gaap_DebtInstrumentAxis
= cann_JanuaryTwoThousandFourteenIssuanceMember
Purchase of Warrants       32,100us-gaap_DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
/ us-gaap_DebtInstrumentAxis
= cann_JanuaryTwoThousandFourteenIssuanceMember
Proceeds from issuance of private placement       84,000us-gaap_ProceedsFromIssuanceOfPrivatePlacement
/ us-gaap_DebtInstrumentAxis
= cann_JanuaryTwoThousandFourteenIssuanceMember
Warrants price per share       $ 5.00us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
/ us-gaap_DebtInstrumentAxis
= cann_JanuaryTwoThousandFourteenIssuanceMember
Amortized interest expense       702,000us-gaap_InterestExpenseDebtExcludingAmortization
/ us-gaap_DebtInstrumentAxis
= cann_JanuaryTwoThousandFourteenIssuanceMember
Unamortized discount       903,000us-gaap_DebtInstrumentUnamortizedDiscount
/ us-gaap_DebtInstrumentAxis
= cann_JanuaryTwoThousandFourteenIssuanceMember
Debt issuance costs       165,000us-gaap_PaymentsOfDebtIssuanceCosts
/ us-gaap_DebtInstrumentAxis
= cann_JanuaryTwoThousandFourteenIssuanceMember
Common stock at fixed conversion price       $ 5.00us-gaap_DebtInstrumentConvertibleStockPriceTrigger
/ us-gaap_DebtInstrumentAxis
= cann_JanuaryTwoThousandFourteenIssuanceMember
Stock price on the date of issuance       $ 13.75us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
/ us-gaap_DebtInstrumentAxis
= cann_JanuaryTwoThousandFourteenIssuanceMember
Increase in issuance pursuant to the discount       1,605,000us-gaap_AccretionOfDiscount
/ us-gaap_DebtInstrumentAxis
= cann_JanuaryTwoThousandFourteenIssuanceMember
January 2014 Issuance [Member] | Maximum [Member]        
Debt instrument principal amounts       200,000us-gaap_DebtInstrumentAnnualPrincipalPayment
/ us-gaap_DebtInstrumentAxis
= cann_JanuaryTwoThousandFourteenIssuanceMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
January 2014 Issuance [Member] | Minimum [Member]        
Debt instrument principal amounts       10,000us-gaap_DebtInstrumentAnnualPrincipalPayment
/ us-gaap_DebtInstrumentAxis
= cann_JanuaryTwoThousandFourteenIssuanceMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
January 2014 Issuance [Member] | 14% Mortgage Note Payable [Member]        
Amortized interest expense       41,000us-gaap_InterestExpenseDebtExcludingAmortization
/ us-gaap_DebtInstrumentAxis
= cann_JanuaryTwoThousandFourteenIssuanceMember
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_MortgagesMember
Unamortized discount       $ 382,000us-gaap_DebtInstrumentUnamortizedDiscount
/ us-gaap_DebtInstrumentAxis
= cann_JanuaryTwoThousandFourteenIssuanceMember
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_MortgagesMember