0001398432-16-000762.txt : 20161107 0001398432-16-000762.hdr.sgml : 20161107 20161107140140 ACCESSION NUMBER: 0001398432-16-000762 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 65 CONFORMED PERIOD OF REPORT: 20160930 FILED AS OF DATE: 20161107 DATE AS OF CHANGE: 20161107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL CANNABIS CORP CENTRAL INDEX KEY: 0001477009 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-DETECTIVE, GUARD & ARMORED CAR SERVICES [7381] IRS NUMBER: 208096131 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-54457 FILM NUMBER: 161977554 BUSINESS ADDRESS: STREET 1: 6565 EAST EVANS AVENUE CITY: DENVER STATE: CO ZIP: 80224 BUSINESS PHONE: (719) 748-5603 MAIL ADDRESS: STREET 1: 6565 EAST EVANS AVENUE CITY: DENVER STATE: CO ZIP: 80224 FORMER COMPANY: FORMER CONFORMED NAME: Advanced Cannabis Solutions, Inc. DATE OF NAME CHANGE: 20131023 FORMER COMPANY: FORMER CONFORMED NAME: Promap Corp DATE OF NAME CHANGE: 20091117 10-Q 1 a13004.htm FORM 10-Q 10-Q



UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549


FORM 10-Q


(Mark One)

þ

Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for quarterly period ended

September 30, 2016.

 

 

o

Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


for the transition period from __________ to __________.


Commission file number:   000-54457


GENERAL CANNABIS CORPORATION

(Exact name of registrant as specified in its charter)


Colorado

 

90-1072649

(State of incorporation)

 

(IRS Employer Identification No.)

 

6565 East Evans Avenue

Denver, CO 80224

(Address of principal executive offices) (Zip Code)


Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to the filing requirements for the past 90 days. Yes   þ     No  o     


Indicate by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes  þ       No  o


Indicate by check mark whether the registrant is a large accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in rule 12b-2 of the Exchange Act.


Large accelerated filer  o

 

Accelerated filer     o

Non-accelerated filer    o

 

Smaller reporting company     þ


Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes  o       No  þ


As of November 7, 2016, there were 15,607,921 issued and outstanding shares of the Companys common stock.








GENERAL CANNABIS CORPORATION

FORM 10-Q


TABLE OF CONTENTS


PART I. FINANCIAL INFORMATION

 

 

 

 

Item 1.

Financial Statements

3

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

19

Item 3.

Quantitative and Qualitative Disclosures about Market Risk

26

Item 4.

Controls and Procedures

26

 

 

 

PART II. OTHER INFORMATION

 

 

 

 

Item 1.

Legal Proceedings

28

Item 1A.

Risk Factors

28

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

28

Item 3.

Defaults Upon Senior Securities

28

Item 4.

Mine Safety Disclosures

28

Item 5.

Other Information

28

Item 6.

Exhibits

28

 

 

 

 

Signatures

29


2




PART I.  FINANCIAL INFORMATION


ITEM 1.  FINANCIAL STATEMENTS


GENERAL CANNABIS CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS


 

 

September 30, 2016

(Unaudited)

 

December 31, 2015

ASSETS

 

 

 

 

Current Assets

 

 

 

 

Cash and cash equivalents

$

1,064,606

$

58,711

Accounts receivable

 

267,694

 

124,553

Prepaid expenses and other current assets

 

59,055

 

46,734

Inventory, net

 

27,145

 

15,518

Total current assets

 

1,418,500

 

245,516

 

 

 

 

 

Property and equipment, net

 

1,700,813

 

1,725,268

Intangible assets, net

 

1,268,668

 

1,524,927

Goodwill

 

187,000

 

187,000

Total Assets

$

4,574,981

$

3,682,711

 

 

 

 

 

LIABILITIES & STOCKHOLDERS’ EQUITY (DEFICIT)

 

 

 

 

 

 

 

 

 

Current Liabilities

 

 

 

 

Accounts payable and accrued expenses

$

457,526

$

293,532

Interest payable

 

63,032

 

84,720

Line of credit – related party

 

1,297,500

 

800,000

Notes payable (net of debt discount of $279,435 as of December 31, 2015), current portion

 

--

 

986,475

Deferred rental revenue and customer deposits

 

66,138

 

33,146

Accrued stock payable

 

663,000

 

1,532,420

Derivative warrant liability

 

15,386,000

 

--

Total current liabilities

 

17,933,196

 

3,730,293

 

 

 

 

 

Notes payable (net of debt discount of $2,419,800 and $ --, respectively, as of September 30, 2016 and December 31, 2015), less current portion

 

580,200

 

151,397

Tenant deposits

 

8,854

 

9,204

Total Liabilities

 

18,522,250

 

3,890,894

 

 

 

 

 

Commitments and Contingencies

 

--

 

--

 

 

 

 

 

Stockholders’ Equity (Deficit)

 

 

 

 

Preferred stock, no par value; 5,000,000 share authorized; no shares issued and outstanding at September 30, 2016 and December 31, 2015

 

--

 

--

Common Stock, $0.001 par value; 100,000,000 shares authorized; 15,495,421 shares and 14,915,421 shares issued and outstanding on September 30, 2016 and December 31, 2015, respectively

 

15,495

 

14,915

Additional paid-in capital

 

19,436,411

 

16,204,280

Accumulated deficit

 

(33,399,175)

 

(16,427,378)

Total Stockholders’ Deficit

 

(13,947,269)

 

(208,183)

 

 

 

 

 

Total Liabilities & Stockholders’ Deficit

$

4,574,981

$

3,682,711


See Notes to condensed consolidated financial statements.



3




GENERAL CANNABIS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)


 

 

Three months ended

September 30,

 

Nine months ended

September 30,

 

 

2016

 

2015

 

2016

 

2015

REVENUES

 

 

 

 

 

 

 

 

Service

$

704,489

$

554,458

$

1,988,584

$

948,561

Tenant

 

25,565

 

29,365

 

93,398

 

93,954

Product Sales

 

80,326

 

9,494

 

122,452

 

34,861

Total revenues

 

810,380

 

593,317

 

2,204,434

 

1,077,376

 

 

 

 

 

 

 

 

 

COSTS AND EXPENSES

 

 

 

 

 

 

 

 

Cost of service revenues

 

477,287

 

416,838

 

1,393,445

 

673,926

Cost of goods sold

 

77,252

 

28,144

 

112,649

 

67,786

Selling, general and administrative

 

488,543

 

406,711

 

1,300,051

 

1,027,394

Share-based expense

 

872,217

 

863,709

 

1,974,191

 

4,967,799

Professional fees

 

95,520

 

70,594

 

276,706

 

321,091

Depreciation and amortization

 

97,988

 

54,160

 

292,329

 

130,038

Total costs and expenses

 

2,108,807

 

1,840,156

 

5,349,371

 

7,188,034

 

 

 

 

 

 

 

 

 

OPERATING LOSS

 

(1,298,427)

 

(1,246,839)

 

(3,144,937)

 

(6,110,658)

 

 

 

 

 

 

 

 

 

OTHER EXPENSE (INCOME)

 

 

 

 

 

 

 

 

Amortization of debt discount and deferred
financing costs

 

111,837

 

285,090

 

327,455

 

661,915

Interest expense

 

5,276,550

 

166,306

 

5,381,125

 

314,011

Loss on extinguishment of debt

 

1,728,280

 

--

 

2,086,280

 

--

Net loss (gain) on derivative liability

 

6,032,000

 

--

 

6,032,000

 

(210,634)

Total other expense (income), net

 

13,148,667

 

451,396

 

13,826,860

 

765,292

 

 

 

 

 

 

 

 

 

NET LOSS

$

(14,447,094)

$

(1,698,235)

$

(16,971,797)

$

(6,875,950)

 

 

 

 

 

 

 

 

 

PER SHARE DATA – Basic and diluted

 

 

 

 

 

 

 

 

Net loss per share

$

(0.93)

$

(0.12)

$

(1.11)

$

(0.50)

Weighted average number of common shares outstanding

 

15,495,421

 

14,399,029

 

15,270,968

 

13,847,561


See Notes to condensed consolidated financial statements.



4




GENERAL CANNABIS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)


 

 

Nine months ended

September 30,

 

 

2016

 

2015

OPERATING ACTIVITIES

$

(16,971,797)

$

(6,875,950)

Net loss

 

 

 

 

Adjustments to reconcile net loss to net cash (used in) provided by

operating activities:

 

 

 

 

Amortization of debt discount and deferred financing costs

 

327,455

 

663,747

Loss on extinguishment of debt

 

2,086,280

 

--

Initial fair value of derivative warrant liability included as interest expense

 

5,189,000

 

--

Loss (gain) on derivative liability, net

 

6,032,000

 

(210,634)

Depreciation and amortization expense

 

292,329

 

130,038

Equity-based payments

 

1,974,191

 

4,964,218

Changes in operating assets and liabilities (net of amounts acquired):

 

 

 

 

Accounts receivable

 

(143,141)

 

(72,264)

Prepaid expenses and other assets

 

(12,321)

 

(89,405)

Inventory

 

(11,627)

 

40,013

Accounts payable and accrued liabilities

 

174,948

 

335,150

Net cash used in operating activities:

 

(1,062,683)

 

(1,115,087)

 

 

 

 

 

INVESTING ACTIVITIES

 

 

 

 

Purchase of property and equipment

 

(11,615)

 

(54,960)

Net cash used in investing activities

 

(11,615)

 

(54,960)

 

 

 

 

 

FINANCING ACTIVITIES

 

 

 

 

Borrowings under notes payable

 

2,500,000

 

659,000

Increase in line of credit -- related party

 

497,500

 

365,000

Payments on notes payable

 

(917,307)

 

(4,701)

Proceeds from warrant exercises

 

--

 

86,171

Net cash provided by financing activities

 

2,080,193

 

1,105,470

 

 

 

 

 

NET INCREASE (DECREASE) IN CASH

 

1,005,895

 

(64,577)

CASH, BEGINNING OF PERIOD

 

58,711

 

165,536

CASH, END OF PERIOD

$

1,064,606

$

100,959

 

 

 

 

 

SUPPLEMENTAL SCHEDULE OF CASH FLOW INFORMATION

 

 

 

 

Cash paid for interest

$

213,813

$

173,627

 

 

 

 

 

NON-CASH TRANSACTIONS

 

 

 

 

Issuance of common stock and warrants from accrued stock payable

$

1,069,775

$

114,693

Derivative warrant liability recorded as debt discount

 

2,450,000

 

--

Warrants issued in connection with debt recorded as debt discount

 

31,100

 

297,931

10% Notes and 14% Mortgage Note Payable converted to 12% Notes

 

550,000

 

--

Convertible notes payable settled in common stock

 

--

 

320,000

Issuance of common stock upon cashless conversion of warrants by Full Circle

 

--

 

3,683,270

Acquisition of IPG with common stock payable and warrants

 

--

 

1,887,000

Acquisition of Chiefton with common stock payable

 

--

 

69,400


See Notes to condensed consolidated financial statements.




5



GENERAL CANNABIS CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 (Unaudited)


NOTE 1.   NATURE OF OPERATIONS, HISTORY AND PRESENTATION


Nature of Operations


General Cannabis Corporation (the “Company,” “we,” “us,” “our,” or “GCC”) (formerly, Advanced Cannabis Solutions, Inc.), was incorporated in Colorado on June 3, 2013, and provides products and services to the regulated cannabis industry.  On April 28, 2015, our common stock was uplisted and resumed quotation on the OTC Market’s OTCQB on May 6, 2015.  Our operations are segregated into the following four reportable segments:


Security and Cash Management Services

 

In March 2015, we acquired substantially all of the assets of Iron Protection Group, LLC, a Colorado limited liability company, which continues to do business as “Iron Protection Group.” Iron Protection Group (“IPG”) provides advanced security, including on-site professionals, video surveillance and cash transport, to licensed cannabis cultivators and retail shops. As of September 30, 2016, IPG had approximately 71 security guards on staff who serve 16 clients throughout Colorado.


Marketing and Products


In September 2015, we acquired substantially all of the assets of Chiefton Supply Co., and established a dba of Chiefton Supply Co., incorporated in Colorado (“Chiefton”).  Chiefton is an apparel and design company.  Chiefton Supply designs, distributes and sells apparel featuring graphic designs.  Our apparel is purchased and screen printed by third parties, for which there are numerous suppliers.  Chiefton Design provides design, branding and marketing strategy consulting services to the cannabis community.


In April 2016, we relaunched GC Supply, dedicated to providing wholesale equipment and supplies to participants in the regulated cannabis industry.  We provide turnkey sourcing and stocking services to cultivation, retail and infused products manufacturing facilities.  Offerings will include infrastructure, equipment, consumables, various delivery technologies (vaporizers and capsules) and compliance packaging.  GC Supply operates out of a leased, 1,800 square-foot warehouse located in Colorado Springs, Colorado.

  

Consulting and Advisory

 

Through Next Big Crop we deliver comprehensive cannabis industry consulting services that include obtaining licenses, compliance, cultivation, retail operations, logistical support, facility design and building services, and expansion of existing operations. Next Big Crop’s business plan is based on the future growth of the regulated cannabis market in the United States.


Finance and Real Estate


Real Estate Leasing


We own a cultivation property in a suburb of Pueblo, Colorado, consisting of approximately three acres of land, which currently includes a 5,000 square foot steel building and parking lot. The property is zoned for cultivating cannabis and is leased to a medical cannabis grower until December 31, 2022.


Our real estate leasing business plan includes the potential future acquisition and leasing of cultivation space and related facilities to licensed marijuana growers and dispensary owners for their operations. Management anticipates that these facilities would range in size from 5,000 to 50,000 square feet. These facilities would only be leased to tenants that possess the requisite state licenses to operate cultivation facilities. The leases with the tenants would include certain requirements that permit us to continually evaluate our tenants’ compliance with applicable laws and regulations.


Shared Office Space, Networking and Event Services   

 

In October 2014, we purchased a former retail bank located at 6565 East Evans Avenue, Denver, Colorado 80224, which has been branded as The Greenhouse (“The Greenhouse”).  The building is a 16,056 square-foot facility, which we use as our corporate headquarters and Chiefton’s retail location.


6



The Greenhouse has approximately 10,000 square feet of existing office space and 5,000 square feet on its ground floor that is dedicated to a consumer banking design.  We continue to assess the opportunity to lease shared workspace for entrepreneurs, professionals and others serving the cannabis industry.  Clients would be able to lease space to use as offices, meeting rooms, lecture, educational and networking facilities, and individual workstations.


Industry Finance


Our industry finance strategy includes evaluating opportunities to make direct term loans or to provide revolving lines of credit to businesses involved in the cultivation and sale of cannabis and related products.  These loans would generally be secured to the maximum extent permitted by law.  We believe there is a significant demand for this financing.  We are assessing other finance services including customized finance, capital formation, and banking, for participants in the cannabis industry.


On November 4, 2015, we entered into an agreement (the “DB Option Agreement”) with Infinity Capital, a related party, which was amended on March 29, 2016 (the “Amended DB Option Agreement”) and on September 16, 2016 (the “Second Amended DB Option Agreement”).  Pursuant to the Amended DB Option Agreement, we have the right to purchase all of Infinity Capital’s interest in DB Products Arizona, LLC (“DB”) at Infinity Capital’s actual cost, plus $1.00, or $800,001. The interests for which the option has been granted are Infinity Capital’s 50% equity interest in the membership interests of DB, and any outstanding unpaid principal and interest owed on promissory note(s) issued by DB in favor of Infinity Capital for up to $800,000.  DB is involved in the production and distribution of Dixie Brands, Inc.’s full line of medical cannabis “Dixie Elixirs and Edibles” products in Arizona.  DB expects to begin sales in 2016.  We have no obligation to exercise the option, which expires September 30, 2018.


Basis of Presentation


The accompanying (a) condensed consolidated balance sheet at December 31, 2015, has been derived from audited financial statements and (b) condensed consolidated unaudited financial statements as of September 30, 2016 and 2015, have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements, and should be read in conjunction with the audited consolidated financial statements and related footnotes included in our Annual Report on Form 10-K for the year ended December 31, 2015 (the “2015 Annual Report”), filed with the Securities and Exchange Commission (the “SEC”) on March 25, 2016.  It is management’s opinion, however, that all material adjustments (consisting of normal recurring adjustments), have been made which are necessary for a fair financial statements presentation. The condensed consolidated financial statements include all material adjustments (consisting of normal recurring accruals) necessary to make the condensed consolidated financial statements not misleading as required by Regulation S-X, Rule 10-01. Operating results for the three and nine months ended September 30, 2016, are not necessarily indicative of the results of operations expected for the year ending December 31, 2016.


The condensed consolidated financial statements include the results of GCC and its five wholly-owned subsidiary companies: (a) ACS Colorado Corp., a Colorado corporation formed in 2013; (b) Advanced Cannabis Solutions Corporation, a Colorado corporation formed in 2013; (c) 6565 E. Evans Avenue LLC, a Colorado limited liability company formed in 2014; (d) General Cannabis Capital Corporation, a Colorado corporation formed in 2015; and (e) GC Security LLC (“GCS”), a Colorado limited liability company formed in 2015.  Advanced Cannabis Solutions Corporation has one wholly-owned subsidiary company, ACS Corp., which was formed in Colorado on June 6, 2013.  Intercompany accounts and transactions have been eliminated.


Certain reclassifications have been made to the prior period condensed consolidated financial statements to conform to the current period presentation. The reclassifications had no effect on net loss, total assets, or total stockholders’ equity (deficit).


Going Concern


The condensed consolidated financial statements have been prepared on a going concern basis, which assumes we will be able to realize our assets and discharge our liabilities in the normal course of business for the foreseeable future.  The ability to continue as a going concern is dependent upon our generating profitable operations in the future and / or obtaining the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. Management believes that actions presently being taken to further implement our business plan and generate additional revenues provide opportunity for the Company to continue as a going concern.  While we believe in the viability of our strategy to generate additional revenues and our ability to raise additional funds, there can be no assurances to that effect.


We had an accumulated deficit of $33,399,175 and $16,427,378, respectively, at September 30, 2016 and December 31, 2015, and further losses are anticipated in the development of our business. Accordingly, there is substantial doubt about our ability to continue as a going concern. The accompanying condensed consolidated financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.


7



Significant Accounting Policy Updates


Debt and Derivative Liability


If we issue debt with warrants that have certain terms, such as a clause requiring repricing, the warrants are considered to be a derivative that is recorded as a liability at fair value.  If the initial value of the warrant derivative liability is higher than the fair value of the associated debt, the excess is recognized immediately as interest expense.  The warrant derivative liability is adjusted to its fair value at the end of each reporting period, with the change being recorded as expense.  Due to the complexity of such warrant derivatives, we use the binomial model to estimate their fair value.  The derivative warrant liability is a level three fair value measurement.


Modification of Debt Instruments


Modifications or exchanges of debt, which are not considered a troubled debt restructuring, are considered extinguishments if the terms of the new debt and the original instrument are substantially different.  The instruments are considered substantially different when the present value of the cash flows under the terms of the new debt instrument are at least 10% different from the present value of the remaining cash flows under the terms of the original instrument.  The fair value of non-cash consideration associated with the new debt instrument, such as warrants, are included as a day one cash flow in the 10% cash flow test.  If the original and new debt instruments are substantially different, the original debt is derecognized and the new debt is initially recorded at fair value, with the difference recognized as an extinguishment gain or loss.


Recently Issued Accounting Standards


Financial Accounting Standards Board, or FASB, Accounting Standards Update, or FASB ASU 2016-15 “Statement of Cash Flows (Topic 230)” – In August 2016, the FASB issued 2016-15.  Stakeholders indicated that there is a diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows.  ASU 2016-15 addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice.  This ASU is effective for annual reporting periods beginning after December 15, 2017, and interim periods within those fiscal years.  Early adoption is permitted.  Adoption of this ASU will not have a significant impact on our statement of cash flows.


FASB ASU 2016-12 “Revenue from Contracts with Customers (Topic 606)” – In May 2016, the FASB issued 2016-12.  The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  ASU 2016-12 provides clarification on assessing collectability, presentation of sales taxes, noncash consideration, and completed contracts and contract modifications.  This ASU is effective for annual reporting periods beginning after December 15, 2017, with the option to adopt as early as December 15, 2016. We are currently assessing the impact of adoption of this ASU on our consolidated results of operations, cash flows and financial position.


FASB ASU 2016-11 “Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815)” – In May 2016, the FASB issued 2016-11, which clarifies guidance on assessing whether an entity is a principal or an agent in a revenue transaction.  This conclusion impacts whether an entity reports revenue on a gross or net basis.  This ASU is effective for annual reporting periods beginning after December 15, 2017, with the option to adopt as early as December 15, 2016. We are currently assessing the impact of adoption of this ASU on our consolidated results of operations, cash flows and financial position.


FASB ASU 2016-10 “Revenue from Contracts with Customers (Topic 606)” – In April 2016, the FASB issued ASU 2016-10, clarify identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas.  This ASU is effective for annual reporting periods beginning after December 15, 2017, with the option to adopt as early as December 15, 2016. We are currently assessing the impact of adoption of this ASU on our consolidated results of operations, cash flows and financial position.


FASB ASU 2016-09 “Compensation – Stock Compensation (Topic 718)” – In March 2016, the FASB issued ASU 2016-09, which includes multiple provisions intended to simplify various aspects of accounting for share-based payments.  While aimed at reducing the cost and complexity of the accounting for share-based payments, the amendments are expected to significantly impact net income, earnings per share, and the statement of cash flows.  Implementation and administration may present challenges for companies with significant share-based payment activities.  This ASU is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years.  We are currently evaluating the potential impact this standard will have on our consolidated financial statements and related disclosures.


8



FASB ASU 2016-02 “Leases (Topic 842)” – In February 2016, the FASB issued ASU 2016-02, which will require lessees to recognize almost all leases on their balance sheet as a right-of-use asset and a lease liability.  For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance.  Classification will be based on criteria that are largely similar to those applied in current lease accounting, but without explicit bright lines.  Lessor accounting is similar to the current model, but updated to align with certain changes to the lessee model and the new revenue recognition standard.  This ASU is effective for fiscal years beginning after December 18, 2018, including interim periods within those fiscal years.  We are currently evaluating the potential impact this standard will have on our consolidated financial statements and related disclosures.


NOTE 2.   BUSINESS ACQUISITIONS


IPG Acquisition


On March 26, 2015, GCS, our wholly-owned subsidiary, entered into an Asset Purchase Agreement (the “IPG APA”) by and among us, GCS and Iron Protection Group, LLC, a Colorado limited liability company (the “Seller”), whereby GCS agreed to acquire substantially all of the assets of Seller (the “IPG Acquisition”). Pursuant to the terms of the IPG APA, we delivered to Seller 500,000 restricted shares of our common stock, which vested over a one-year period (100,000 shares on October 1, 2015; 200,000 shares on January 1, 2016; and 200,000 shares on April 1, 2016).


In addition, we delivered to Seller three-year warrants (the “IPG Warrants”) to purchase an aggregate of 500,000 shares of our common stock at an exercise price of: (i) $4.50 for warrants to purchase 250,000 shares, and (ii) $5.00 for warrants to purchase another 250,000 shares. The IPG APA contains certain provisions that require Seller to forfeit a portion of the stock consideration in the event that Seller violates its obligations under the IPG APA relating to non-competition and non-disclosure. The closing date of the IPG Acquisition was March 26, 2015, and we calculated the purchase price of the IPG Acquisition to be approximately $1,887,000. At the acquisition date and pursuant to the IPG APA, we did not assume any of the Seller’s liabilities and there were no tangible assets of significance.


The aggregate consideration was as follows:


Common stock payable

$

1,054,000

Warrants issued with $4.50 exercise price

 

421,000

Warrants issued with $5.00 exercise price

 

412,000

 

$

1,887,000


The 500,000 shares of common stock were valued based on the closing price per share on March 26, 2015, or $2.48, reduced by a discount of 15% due to restrictions in the ability to trade our common stock.  The $1,054,000 value of stock consideration was originally recorded as accrued stock payable on the condensed consolidated balance sheet, which was then reduced as we issued common stock according to the vesting schedule.  As of September 30, 2016, all common stock has been issued.


The purchase price allocation was as follows:


Intangible assets:

 

 

Customer relationship intangible

$

1,000,000

Marketing-related intangibles

 

200,000

Non-compete agreements

 

500,000

Goodwill

 

187,000

 

$

1,887,000


We finalized the purchase price allocation in the fourth quarter of the year ended December 31, 2015. 


In connection with our acquisition of IPG, we agreed to issue to the sole shareholder of the Seller 100,000 fully vested warrants to purchase shares of our common stock if revenues of the Security segment exceeded $3,000,000 for the year ended December 31, 2015, with an exercise price of $2.48.  This condition was not met during the year ended December 31, 2015, so no value was recorded for these warrants.


9



The accompanying condensed consolidated financial statements include the results of IPG from the date of acquisition, March 26, 2015.  The pro forma effects of the acquisition on the results of operations as if the transaction had been completed on January 1, 2015, are as follows:


 

 

Nine months ended

September 30, 2015

(Unaudited)

Total net revenues

$

1,447,122

Net loss

 

(6,822,689)

Net loss per common share:

 

 

Basic and diluted

$

(0.48)


Chiefton Acquisition


On September 25, 2015, we closed an asset purchase agreement for the purchase of substantially all the assets of Chiefton Supply Co., a Colorado corporation, and established a dba within GCC of Chiefton.  This acquisition expands our service offerings in the cannabis industry and provides a new revenue stream.


We acquired the Chiefton assets for consideration of 80,000 restricted shares of our common stock.  The aggregate consideration was as follows:


Cash

$

12,249

Common stock

 

69,400

Aggregate consideration

$

81,649


The value of the common stock consideration was estimated based on our closing common stock price on September 25, 2015, or $1.02 per share, reduced by a discount of 15% due to restrictions in the ability to trade our shares.  The $69,400 value of stock consideration was originally included in accrued stock payable on the condensed consolidated balance sheet.  As of September 30, 2016, all common stock has been issued.


The purchase price allocation is as follows:


Inventory

$

12,249

Intangible assets – intellectual property

 

69,400

 

$

81,649


We finalized the purchase price allocation in the fourth quarter of the year ended December 31, 2015. 


NOTE 3.   LONG-LIVED ASSETS


Property and Equipment


Depreciation expense was $11,944 and $5,574, respectively, for the three months ended September 30, 2016 and 2015, and $36,070 and $16,723, respectively, for the nine months ended September 30, 2016 and 2015.  We have not recognized any impairment as of September 30, 2016.


Intangible Assets


Intangible assets consisted of the following as of September 30, 2016:


 

 

Gross

 

Accumulated Amortization

 

Net

 

Estimated Life

(in years)

Customer relationship intangible

$

1,000,000

$

151,782

$

848,218

 

10

Marketing-related intangibles

 

200,000

 

60,712

 

139,288

 

5

Non-compete agreements

 

500,000

 

252,968

 

247,032

 

3

Chiefton brand and graphic designs

 

69,400

 

35,270

 

34,130

 

2

Intangible assets, net

$

1,769,400

$

500,732

$

1,268,668

 

 


10



Amortization expense was $86,044 and $55,452, respectively, for the three months ended September 30, 2016 and 2015, and $256,259 and $113,315, respectively, for the nine months ended September 30, 2016 and 2015.  We have not recognized any impairment as of September 30, 2016.


Goodwill


In connection with our purchase of IPG, we recorded goodwill of $187,000. We have not recognized any impairment as of September 30, 2016.


NOTE 4.    DEBT


Line of Credit – Related Party


In February 2015, we issued a senior secured note to Infinity Capital, LLC (“Infinity Capital”), as amended in April 2015, bearing 5% interest payable monthly in arrears commencing June 30, 2015 (the “Infinity Note”).   Infinity Capital, an investment management company, was founded and is controlled by our chairman of the board, Michael Feinsod, a related party.  On July 1, 2015, the outstanding principal and interest of $309,000 was settled by our issuing a 10% private placement note.  Subsequent to the settlement on July 1, 2015, we continued to borrow under the Infinity Note.  Interest expense for the Infinity Note for the nine months ended September 30, 2016, was approximately $26,540, and approximately $38,268 was accrued as of September 30, 2016.  The maturity date of the Infinity Note was August 31, 2015, however, under the terms of the 12% Notes no payments may be made before those notes are retired.


Notes Payable


 

 

September 30,

2016

 

December 31,

2015

12% September 2016 notes

$

3,000,000

$

--

10% private placement notes

 

--

 

659,000

14% mortgage note payable (The Greenhouse)

 

--

 

600,000

8.5% convertible note payable (Pueblo West Property)

 

--

 

158,307

 

 

3,000,000

 

1,417,307

Unamortized debt discount

 

(2,419,800)

 

(279,435)

 

 

580,200

 

1,137,872

Less: Current portion

 

--

 

(986,475)

Long-term portion

$

580,200

$

151,397


12% September 2016 Notes


In September 2016, we completed a $3,000,000 private placement pursuant to a promissory note and warrant purchase agreement (the “12% Agreement”) with certain accredited investors, bearing interest at 12%, with interest and principal due September 21, 2018 (each such note, a “12% Note,” and collectively, the “12% Notes”).  In the event of default, the interest rate increases to 18%.  The 12% Notes are collateralized by a security interest in substantially all of our assets.  We may prepay the 12% Notes at any time, but in any event must pay at least one year of interest.  


Subject to the terms and conditions of the 12% Agreement, each investor was granted fully-vested warrants equal to their note principal times three (the “12% Warrants”), or nine million warrants, with a life of three years.  4.5 million warrants have an exercise price of $0.35 per share and the other 4.5 million warrants have an exercise price of $0.70 per share.  Should we issue any equity-based instruments at a price lower than the exercise price(s) of the 12% Warrants, other than under our Incentive Plan, the exercise price(s) of the 12% Warrants will be adjusted to the lower price.  The 12% Warrants may be exercised at the option of the holder (a) by paying cash, (b) by applying the amount due under the 12% Notes as consideration, or (c) if there is no effective registration statement for the 12% Warrants within six months of being granted, the holder may exercise on a cashless basis.  Since the 12% Warrants include a clause requiring repricing, the warrants are considered to be a derivative that is recorded as a liability at fair value.


We received $2,450,000 of cash for issuing the 12% Notes.  $300,000 of 10% Notes and $250,000 of the 14% Mortgage Note Payable were converted into 12% Notes.  We concluded that these conversions met the criteria for a debt extinguishment and, accordingly, recorded a loss on extinguishment of $1,728,280 for the three and nine months ended September 30, 2016.  The loss on extinguishment represents the fair value of the 12% Warrants issued to the previous 10% Note holders and the 14% Mortgage Note Payable lender.  The fair value of the 12% Warrants not associated with the conversions was recorded as a debt discount of $2,450,000 and interest expense of $5,189,000.  The 12% Notes are otherwise treated as conventional debt.


11



8% August 2016 Notes


In August 2016, we completed a private placement pursuant to a promissory note and warrant purchase agreement (the “8% Notes”) with two accredited investors, bearing interest at 8%, payable on demand by the lenders.  Subject to the terms of the 8% Notes, we issued 100,000 warrants having an exercise price of $0.78 per share, with a life of three years.  We received cash of $50,000.  The debt is treated as conventional debt and the fair value of the warrants is included in additional paid-in capital.  Since the 8% Notes are payable on demand, the $31,100 fair value of the warrants was expensed immediately, included in amortization of debt discount on the condensed statements of operations for the three and nine months ended September 30, 2016.  One of the 8% Notes was with one of our board members.  Both 8% Notes were paid off with proceeds from the 12% Notes in September 2016.


10% Private Placement Notes


In September 2016, we extinguished the 10% Notes by paying cash of $359,000 and converting $300,000 into 12% Notes.


In 2015, we completed a private placement pursuant to a promissory note and warrant purchase agreement (the “10% Agreement”) with certain accredited investors, bearing interest at 10% payable quarterly (each such note, a “10% Note,” and collectively, the “10% Notes”).  Subject to the terms and conditions of the 10% Agreement, each investor is granted fully-vested warrants equal to their note principal divided by two (the “10% Warrants”) (with standard dilution clauses).  The 10% Warrants are exercisable for a period of eighteen months after grant date and have an exercise price of $1.08 per share.  The debt is treated as conventional debt.  The 10% Notes are collateralized by a security interest in substantially all of our assets.


$309,000 of the 10% Notes were due to a related party, Infinity Capital.  For the nine months ended September 30, 2016, approximately $22,500 of interest expense under the 10% Notes relates to Infinity Capital.  The Infinity Capital portion of the principle and accrued interest of the 10% Notes was settled for cash of $347,000, in September 2016.


On June 3, 2016, we reached an agreement with the 10% Note holders to extend the maturity date from May 1, 2016 to January 31, 2017.  In exchange for the extension, we issued the holders an aggregate of 659,000 additional warrants to purchase our common stock at $1.07 per share for a period of five years, with an aggregate fair value of $358,000, determined using Black-Scholes, a risk-free rate of 1.2% and volatility of 151%.  We concluded that this modification of the debt instruments met the criteria for a debt extinguishment and, accordingly, recorded additional paid-in capital and a loss on extinguishment of debt of $358,000 during the three months ended June 30, 2016, .  Absent the warrants, the fair value of the new debt remained the same as the fair value of the original debt.


14% Mortgage Note Payable (The Greenhouse)


In September 2016, we extinguished the Greenhouse Mortgage by paying cash of $350,000 and converting $250,000 into 12% Notes.  The remaining unamortized debt discount of $13,280 was included in loss on extinguishment of debt in the condensed statements of operations during the three and nine months ended September 30, 2016.


In October 2014, we executed a mortgage on The Greenhouse in the amount of $600,000, bearing 14.0% interest payable monthly, with a maturity date of October 21, 2016 (the “Greenhouse Mortgage”).  The debt is treated as conventional debt.


In addition, we granted warrants to Evans Street Lendco LLC (“Evans Lendco”), the note holder of the Greenhouse Mortgage, which expire on October 21, 2016.  The warrants vested immediately and allowed for Evans Lendco to purchase 600,000 shares of our common stock at a price of $4.40 per share, (with standard dilution clauses).  Due to the drop in our stock price, on July 29, 2015, we agreed with Evans Lendco to replace the warrants previously issued to Evans Lendco with warrants to purchase 225,000 shares of our stock at $1.20 per share with a term of two years.  The estimated fair value of the replacement warrants is less than the fair value of the original warrants on their date of grant.  Accordingly, we continued to amortize the remaining fair value of the original warrants over the remaining life of the underlying debt until the debt was extinguished in September 2016.


8.5% Convertible Note Payable (Pueblo West Property)


In September 2016, we extinguished the Pueblo Mortgage by paying cash of $153,189.


In December 2013, we executed a mortgage on our Pueblo West Property in the amount of $170,000, bearing 8.5% interest with monthly principal and interest payments totaling $1,674, with the balance due on December 31, 2018 (the “Pueblo Mortgage”). This note is convertible at any time at $5.00 per share.


Derivative treatment is not required, as the conversion feature meets the scope exception. The conversion feature is not beneficial, because the conversion price was higher than the stock price on the commitment date.  Accordingly, we treated the Pueblo Mortgage as conventional debt.



12



12% Convertible Notes


Conversion of 12% Convertible Notes


During the year ended December 31, 2015, lenders converted $321,123 of 12% Convertible Notes for 64,225 shares of our common stock.  The December 2013 Issuance and the January 2014 Issuance (collectively, the “12% Convertible Notes”) included a provision that if the trading stock price exceeded $10 for twenty consecutive trading days and the daily volume for those twenty consecutive trading days exceeds 25,000 shares, then the 12% Convertible Notes convert into shares of our common stock on or after December 1, 2015.  As of April 24, 2014, these parameters were met.  On December 1, 2015, the remaining $1,330,000 of convertible notes was automatically converted to 266,000 shares of our common stock.


December 2013 Issuance


In December 2013, we entered into convertible promissory notes with various third parties totaling $530,000 (the “December 2013 Issuance”). The principal amounts of these notes ranged between $10,000 and $150,000. The notes required quarterly interest payments at 12%, and were convertible into shares of our common stock at a conversion rate of $5.00 per share (with standard dilution clauses).


Derivative treatment was not required, as the conversion feature met the scope exception. The conversion feature was not beneficial, because the conversion price was higher than the stock price on the commitment date.  Accordingly, we treated the December 2013 Issuance as conventional debt.


January 2014 Issuance


In January 2014, we entered into convertible promissory notes with various third parties totaling $1,605,000 (the “January 2014 Issuance”). The principal amounts of these notes ranged between $10,000 and $200,000. The notes required quarterly interest payments at 12%, and were convertible into shares of our common stock at a conversion rate of $5.00 per share (with standard dilution clauses).


Derivative treatment was not required, as the conversion feature met the scope exception.  Since the initial conversion price was less than the market value of the common stock at the time of issuance, it was determined that a beneficial conversion feature existed. The intrinsic value of the beneficial conversion feature and the combined value of the debt discount resulted in a value greater than the value of the debt and, as such, the total discount was limited to the value of the debt balance of $1,605,000.


Annual maturities of long-term debt (excluding unamortized discount) for the next three years, consist of:


Year ending December 31,

 

 

2016

$

--

2017

 

--

2018

 

3,000,000

 

$

3,000,000


NOTE 5.  ACCRUED STOCK PAYABLE


The following tables summarize the changes in accrued common stock payable during the nine months ended September 30, 2016:


 

 

Amount

 

Number of Shares

December 31, 2015

$

1,532,420

$

730,000

IPG acquisition -- issued

 

(843,200)

 

(400,000)

Chiefton acquisition -- issued

 

(69,400)

 

(80,000)

Feinsod Agreement -- accrual

 

192,800

 

--

Consulting services -- accrual

 

6,988

 

--

Consulting services -- issued

 

(25,000)

 

(50,000)

Employment agreements -- accrual

 

567

 

--

Employment agreements -- issued

 

(132,175)

 

(50,000)

September 30, 2016

$

663,000

$

150,000


13



Feinsod Agreement


On August 4, 2014, we entered into an agreement with Michael Feinsod in consideration for serving as Executive Chairman of the Board and as a member of our Board of Directors (the “Board”) and pursuant to the terms of the Executive Board and Director Agreement (the “Feinsod Agreement”).  The Board approved the issuance to Infinity Capital of (a) 200,000 shares of our common stock on August 4, 2014; (b) 1,000,000 shares of our common stock upon the uplisting of our common stock to the OTC Market’s OTCQB; (c) 150,000 shares of our common stock on August 4, 2015; and (d) 150,000 shares of our common stock on August 4, 2016.  All shares, except the final tranche of 150,000 shares, have been issued as of September 30, 2016.  Mr. Feinsod must remain a member of the Board in order for the common stock to be issued.  In addition, the Feinsod Agreement requires the issuance of a number of shares of our common stock to Infinity Capital equal to 10% of any new issuances not to exceed 600,000 shares of our common stock in the aggregate during the time that Mr. Feinsod remains a member of the Board (the “New Issuance Allowance”).  Under the terms of the Feinsod Agreement, the New Issuance Allowance will not be triggered upon issuances relating to convertible securities existing as of the date of the Feinsod Agreement.  For illustrative purposes, if we issue 7,000,000 new shares of common stock, then the New Issuance Allowance issued to Infinity Capital would be capped at 600,000 shares of our common stock.  No shares have been issued under the New Issuance Allowance.


The 1,000,000 shares of our common stock were valued at $2.97 per share, based on the closing price of our common stock of $3.49 on April 27, 2015, and then reduced by 15% due to restrictions on the ability to trade our shares.  The other shares under the Feinsod Agreement were valued at $4.42 per share, based on the closing price of our common stock of $5.20 on August 4, 2014, and then reduced by 15% due to restriction on the ability to trade our common stock.  We are recognizing expense for the unissued shares ratably over the vesting period.


Employment Agreements


On May 13, 2015, we hired two individuals from Next Big Crop, an unaffiliated entity serving the cannabis industry, to service our new and existing clients. We did not purchase any existing client base from Next Big Crop and upon execution of employment agreements, granted these persons a total of 100,000 shares of our common stock with a vesting date of January 1, 2016. On the date of grant, the 100,000 shares had an initial fair value of $311,000, based on a closing price per share of our common stock of $3.11 on May 13, 2015. Due to restrictions in the ability to trade our shares, a discount of fifteen percent (15%) was applied to the fair value of the shares. After taking into consideration the illiquidity of the shares, the fair value was determined to be $264,350.  One individual forfeited his shares, so expense was only recognized for 50,000 shares.  These shares were issued in April 2016.


Consulting Agreement


On July 15, 2015, we entered into an agreement with an individual to provide consulting services to customers in exchange for 50,000 shares of our common stock to be delivered on March 15, 2016.  The fair value of the common stock is determined at the end of each reporting period and the pro rata amount earned is recognized as accrued stock payable over the term of the agreement.  These shares were issued in March 2016.


NOTE 6.  DERIVATIVE WARRANT LIABILITY


On September 21, 2016, in connection with the 12% Notes, we issued the 12% Warrants, which are treated as a derivative liability and adjusted to fair value at the end of each period.  The underlying assumptions used in the binomial model to determine the fair value of the derivative warrant liability were:


 

 

September 21, 2016

 

September 30, 2016

Current stock price

$

1.20

$

1.91

Risk-free interest rate

 

0.92 %

 

0.77%

Expected dividend yield

 

--

 

--

Expected term (in years)

 

3.0

 

3.0

Expected volatility

 

146 %

 

146 %

Number of iterations

 

5

 

5


The initial fair value of the derivative warrant liability was recorded as follows:


Extinguishment of debt

$

1,715,000

Interest expense

 

5,189,000

Debt discount

 

2,450,000

Initial fair value of warrants issued

$

9,354,000


14



Changes in the derivative warrant liability were as follows:


January 1, 2016

$

--

Initial fair value of warrants issued

 

9,354,000

Increase in fair value

 

6,032,000

September 30, 2016

$

15,386,000


NOTE 7.   COMMITMENTS AND CONTINGENCIES


Legal


To the best of the Company’s knowledge and belief, no legal proceedings of merit are currently pending or threatened against the Company.


NOTE 8.   STOCKHOLDERS’ EQUITY


Share-based expense consisted of the following:


 

 

Three months ended

September 30,

 

Nine months ended

September 30,

 

 

2016

 

2015

 

2016

 

2015

Employee Awards

$

740,844

$

695,788

$

1,574,906

$

1,319,355

Consulting Awards

 

103,869

 

24,196

 

151,385

 

41,650

Feinsod Agreement

 

27,504

 

143,725

 

192,800

 

3,606,794

DB Option Agreement

 

--

 

--

 

55,100

 

--

 

$

872,217

$

863,709

$

1,974,191

$

4,967,799


Employee Stock Options


On October 29, 2014, the Board authorized the adoption of and on June 26, 2015, our stockholders ratified our 2014 Equity Incentive Plan (the “Incentive Plan”).  The Incentive Plan provides for the issuance of up to 10 million shares of our common stock, and is designed to provide an additional incentive to executives, employees, directors and key consultants, aligning our long term interests with participants.  In April 2016, we filed a Registration Statement on Form S-8 (the “Registration Statement”), which automatically became effective in May 2016.  The Registration Statement relates to 10,000,000 shares of our common stock, which are issuable pursuant to, or upon exercise of, options that have been granted or may be granted under our Incentive Plan.


Share-based compensation costs for award grants to employees and directors (“Employee Awards”) are recognized on a straight-line basis over the service period for the entire award, with the amount of compensation cost recognized at any date equaling at least the portion of the award that is vested.  The following summarizes the Black-Scholes assumptions used for Employee Awards granted during the nine months ended September 30, 2016:


Exercise price

 

$ 0.61 -- 1.01

Stock price on date of grant

 

$ 0.63 -- 1.01

Volatility

 

146 -- 153 %

Risk-free interest rate

 

0.71 – 0.90 %

Expected life (years)

 

3.0

Dividend yield

 

--


The following summarizes Employee Awards activity:


 

 

Number of Shares

 

Weighted-average Exercise Price per Share

 

Weighted-average Remaining Contractual Term (in years)

 

Aggregate Intrinsic Value

Outstanding at December 31, 2015

 

2,509,000

$

1.49

 

 

 

 

Granted

 

6,440,800

 

0.76

 

 

 

 

Forfeited

 

(263,350)

 

0.75

 

 

 

 

Outstanding at September 30, 2016

 

8,686,450

 

0.97

 

2.8

$

8,918,000

 

 

 

 

 

 

 

 

 

Exercisable at September 30, 2016

 

 

$

1.65

 

2.3

$

883,960


15



As of September 30, 2016, there was approximately $3,658,000 of total unrecognized compensation expense related to unvested Employee Awards, which is expected to be recognized over a weighted-average period of eight months.


Warrants for Consulting Services


As needed, we may issue warrants to third parties in exchange for consulting services.  Stock-based compensation costs for award grants to third parties for consulting services (“Consulting Awards”) are recognized on a straight-line basis over the service period for the entire award, with the amount of compensation cost recognized at any date equaling at least the portion of the award that is vested.  Consulting Awards are revalued at each reporting date until fully vested, which may generate an expense or benefit.


The following summarizes the Black-Scholes assumptions used for Consulting Awards granted during the nine months ended September 30, 2016:


Exercise price

 

$ 0.60 -- 1.20

Stock price on valuation date

 

$ 1.91

Volatility

 

146 -- 150 %

Risk-free interest rate

 

0.77 – 1.14 %

Expected life (years)

 

2.2 – 4.8

Dividend yield

 

--


The following summarizes Consulting Awards:


 

 

Number of Shares

 

Weighted-average Exercise Price per Share

 

Weighted-average Remaining Contractual Term (in years)

 

Aggregate Intrinsic Value

Outstanding at December 31, 2015

 

252,500

$

3.62

 

 

 

 

Granted

 

55,000

 

1.01

 

 

 

 

Outstanding at September 30, 2016

 

307,500

 

3.15

 

1.3

$

64,525

 

 

 

 

 

 

 

 

 

Exercisable at September 30, 2016

 

300,000

$

3.22

 

1.2

$

54,700


As of September 30, 2016, there was approximately $2,600 of total unrecognized expense related to unvested Consulting Awards, which is expected to be recognized over a weighted-average period of three months.


IPG Acquisition Warrants


In connection with the IPG APA, we issued to IPG 500,000 fully-vested warrants to purchase a) 250,000 shares of our common stock at $4.50 per share, (the “IPG $4.50 Warrants”), and b) 250,000 shares of our common stock at $5.00 per share (the “IPG $5.00 Warrants”) (collectively, the “IPG Warrants”). The IPG Warrants are subject to customary adjustments in the event of our reclassification, consolidation, merger, subdivision of shares of our common stock, combination of shares of our common stock or payment of dividends in the form of the our common stock. The IPG Warrants expire three years after their initial issuance date.


As of September 30, 2016, all of the IPG Warrants are outstanding and exercisable.


Warrants with Debt


The following summarizes warrants issued with debt:


 

 

Number of Shares

 

Weighted-average Exercise Price per Share

 

Weighted-average Remaining Contractual Term (in years)

 

Aggregate Intrinsic Value

Outstanding at December 31, 2015

 

597,200

$

1.41

 

 

 

 

Granted

 

9,759,000

 

0.56

 

 

 

 

Outstanding at September 30, 2016

 

10,356,200

 

0.61

 

3.0

$

13,564,795

 

 

 

 

 

 

 

 

 

Exercisable at September 30, 2016

 

10,356,200

$

0.61

 

3.0

$

13,564,795


16



DB Option Agreement warrants


In order to extend the DB Option Agreement with Infinity Capital, in March 2016 we granted Infinity Capital warrants to purchase 100,000 shares of our common stock at an exercise price of $0.67 per share with a five year life.  The fair value of $55,100 is included in equity-based expense.  The following summarizes the Black-Scholes assumptions used to estimate the fair value of the DB Option Agreement warrants:


Stock price on date of grant

 

$ 0.61

Volatility

 

150 %

Risk-free interest rate

 

1.2 %

Expected life (years)

 

5.0

Dividend yield

 

--


2013 Warrants


Between July 11, 2013 and September 19, 2013, we issued 973,000 shares of our common stock and 973,000 fully-vested warrants (the “2013 Warrants”) for cash consideration of $1.00 per share. Each 2013 Warrant entitled the holder to purchase one share of our common stock at a price of $10.00 per share. The 2013 Warrants expired unexercised on August 1, 2016.


NOTE 9.  NET LOSS PER SHARE


Basic net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the reporting period.  Diluted net loss per share is computed similarly to basic loss per share, except that it includes the potential dilution that could occur if dilutive securities are exercised.


Outstanding stock options and common stock warrants are considered anti-dilutive because we are in a net loss position.  Accordingly, the number of weighted average shares outstanding for basic and fully diluted net loss per share are the same.

 

NOTE 10.   SUBSEQUENT EVENTS


As described in Note 1, as of September 30, 2016, Infinity Capital, a related party, had a 50% equity interest in DB and an $800,000 loan to DB. We have an option to purchase all of Infinity Capital’s interest in DB. In October 2016, we loaned $75,000 to DB, which bears interest at 14% and is payable in May 2017. Infinity Capital has agreed to subordinate its right to repayment and security interest to our rights under our loan to DB.


NOTE 11.   SEGMENT INFORMATION


Our operations are organized into four segments: Security and Cash Management Services; Marketing and Products; Consulting and Advisory; and Finance and Real Estate.  All revenue originates and all assets are located in the United States.  We have revised our disclosure to correspond to the information provided to the chief operating decision maker.


Three months ended September 30


2016

 

Security and Cash Management

 

Marketing and Products

 

Consulting and Advisory

 

Finance and Real Estate

 

Total

Revenues, net

$

560,713

$

106,402

$

117,700

$

25,565

$

810,380

Costs and expenses

 

(528,916)

 

(164,543)

 

(162,404)

 

(13,352)

 

(869,215)

Other expense

 

--

 

--

 

--

 

(6,414)

 

(6,414)

 

$

31,797

$

(58,141)

$

(44,704)

$

5,799

 

(65,249)

Corporate expenses

 

 

 

 

 

 

 

 

 

(14,381,845)

 

 

 

 

 

 

 

 

Net loss

$

(14,447,094)


2015

 

Security and Cash Management

 

Marketing and Products

 

Consulting and Advisory

 

Finance and Real Estate

 

Total

Revenues, net

$

503,703

$

9,494

$

52,295

$

27,825

$

593,317

Costs and expenses

 

(521,099)

 

(28,328)

 

(63,519)

 

(3,157)

 

(616,103)

Other expense

 

--

 

--

 

--

 

(3,385)

 

(3,385)

 

$

(17,396)

$

(18,834)

$

(11,224)

$

21,283

 

(26,171)

Corporate expenses

 

 

 

 

 

 

 

 

 

(1,672,064)

 

 

 

 

 

 

 

 

Net loss

$

(1,698,235)


17



Nine months ended September 30


2016

 

Security and Cash Management

 

Marketing and Products

 

Consulting and Advisory

 

Finance and Real Estate

 

Total

Revenues, net

$

1,599,907

$

222,541

$

288,588

$

93,398

$

2,204,434

Costs and expenses

 

(1,604,932)

 

(325,640)

 

(345,967)

 

(36,731)

 

(2,313,270)

Other expense

 

--

 

--

 

--

 

(10,876)

 

(10,876)

 

$

(5,025)

$

(103,099)

$

(57,379)

$

45,791

 

(119,712)

Corporate expenses

 

 

 

 

 

 

 

 

 

(16,852,085)

 

 

 

 

 

 

 

 

Net loss

$

(16,971,797)


2015

 

Security and Cash Management

 

Marketing and Products

 

Consulting and Advisory

 

Finance and Real Estate

 

Total

Revenues, net

$

897,807

$

34,861

$

52,295

$

92,413

$

1,077,376

Costs and expenses

 

(929,421)

 

(112,919)

 

(63,519)

 

(24,880)

 

(1,130,739)

Other expense

 

--

 

--

 

--

 

(9,200)

 

(9,200)

 

$

(31,614)

$

(78,058)

$

(11,224)

$

58,333

 

(62,563)

Corporate expenses

 

 

 

 

 

 

 

 

 

(6,813,387)

 

 

 

 

 

 

 

 

Net loss

$

(6,875,950)


Total assets

 

September 30, 2016

 

December 31, 2015

Security and Cash Management

$

110,127

$

132,314

Marketing and Products

 

57,999

 

127,345

Consulting and Advisory

 

125,497

 

22,268

Finance and Real Estate

 

1,247,281

 

431,639

Corporate

 

3,034,077

 

2,969,145

 

$

4,574,981

$

3,682,711


All assets are located in the United States.



18




ITEM 2.   MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS


This Management’s Discussion and Analysis (“MD&A”) is intended to provide an understanding of our financial condition, results of operations and cash flows by focusing on changes in certain key measures from year to year.  This discussion should be read in conjunction with the Condensed Consolidated Unaudited Financial Statements contained in this Quarterly Report on Form 10-Q and the Consolidated Financial Statements and related notes and MD&A of Financial Condition and Results of operations appearing in our Annual Report on Form 10-K as of and for the years ended December 31, 2015 and 2014. The results of operations for an interim period may not give a true indication of results for future interim periods or for the year.


Cautionary Statement Regarding Forward Looking Statements


This Quarterly Report on Form 10-Q, Financial Statements and Notes to Financial Statements contain forward-looking statements that discuss, among other things, future expectations and projections regarding future developments, operations and financial conditions. All forward-looking statements are based on management’s existing beliefs about present and future events outside of management’s control and on assumptions that may prove to be incorrect. If any underlying assumptions prove incorrect, our actual results may vary materially from those anticipated, estimated, projected or intended.  We undertake no obligation to publicly update or revise any forward-looking statements to reflect actual results, changes in expectations or events or circumstances after the date this Quarterly Report on Form 10-Q is filed.


When this report uses the words “we,” “us,” “our,” or “GCC” and the “Company,” they refer to General Cannabis Corporation (formerly, “Advanced Cannabis Solutions, Inc.”).


Our Products, Services and Customers


We operate in a rapidly evolving and highly regulated industry that, as has been estimated by some, will exceed $30 billion by the year 2020.  We have been and will continue to be aggressive in executing acquisitions and other opportunities that it believes will benefit us in the long-term.


Through our reporting segments we provide services and products to the regulated cannabis industry, which include the following:


Security and Cash Management Services

 

In March 2015, we acquired substantially all of the assets of Iron Protection Group, LLC, a Colorado limited liability company, which continues to do business as “Iron Protection Group.” Iron Protection Group (“IPG”) provides advanced security, including on-site professionals, video surveillance and cash transport, to licensed cannabis cultivators and retail shops. As of September 30, 2016, IPG had approximately 71 security guards on staff who serve 16 clients throughout Colorado.


Marketing and Products


In September 2015, we acquired substantially all of the assets of Chiefton Supply Co., and established a dba of Chiefton Supply Co., incorporated in Colorado (“Chiefton”).  Chiefton is an apparel and design company.  Chiefton Supply designs, distributes and sells apparel featuring graphic designs.  Our apparel is purchased and screen printed by third parties, for which there are numerous suppliers.  Chiefton Design provides design, branding and marketing strategy consulting services to the cannabis community.


In April 2016, we relaunched GC Supply, dedicated to providing wholesale equipment and supplies to participants in the regulated cannabis industry.  We provide turnkey sourcing and stocking services to cultivation, retail and infused products manufacturing facilities.  Offerings will include infrastructure, equipment, consumables, various delivery technologies (vaporizers and capsules) and compliance packaging.  GC Supply operates out of a leased, 1,800 square-foot warehouse located in Colorado Springs, Colorado.

  

Consulting and Advisory

 

Through Next Big Crop we deliver comprehensive cannabis industry consulting services that include obtaining licenses, compliance, cultivation, retail operations, logistical support, facility design and building services, and expansion of existing operations.  Next Big Crop’s business plan is based on the future growth of the regulated cannabis market in the United States.


19



Finance and Real Estate


Real Estate Leasing


We own a cultivation property in a suburb of Pueblo, Colorado, consisting of approximately three acres of land, which currently includes a 5,000 square foot steel building, and parking lot. The property is zoned for cultivating cannabis and is leased to a medical cannabis grower until December 31, 2022.


Our real estate leasing business plan includes the potential future acquisition and leasing of cultivation space and related facilities to licensed marijuana growers and dispensary owners for their operations. Management anticipates that these facilities would range in size from 5,000 to 50,000 square feet. These facilities would only be leased to tenants that possess the requisite state licenses to operate cultivation facilities. The leases with the tenants would include certain requirements that permit us to continually evaluate our tenants’ compliance with applicable laws and regulations.


Shared Office Space, Networking and Event Services   

 

In October 2014, we purchased a former retail bank located at 6565 East Evans Avenue, Denver, Colorado 80224, which has been branded as The Greenhouse (“The Greenhouse”).  The building is a 16,056 square-foot facility, which we use as our corporate headquarters and Chiefton’s retail location.


The Greenhouse has approximately 10,000 square feet of existing office space and 5,000 square feet on its ground floor that is dedicated to a consumer banking design.  We continue to assess the opportunity to lease shared workspace for entrepreneurs, professionals and others serving the cannabis industry.  Clients would be able to lease space to use as offices, meeting rooms, lecture, educational and networking facilities, and individual workstations.


Industry Finance


Our industry finance strategy includes evaluating opportunities to make direct term loans or to provide revolving lines of credit to businesses involved in the cultivation and sale of cannabis and related products.  These loans would generally be secured to the maximum extent permitted by law.  We believe there is a significant demand for this financing.  We are assessing other finance services including customized finance, capital formation, and banking, for participants in the cannabis industry.


On November 4, 2015, we entered into an agreement (the “DB Option Agreement”) with Infinity Capital, a related party, which was amended on March 29, 2016 (the “Amended DB Option Agreement”) and on September 16, 2016 (the “Second Amended DB Option Agreement”).  Pursuant to the Amended DB Option Agreement, we have the right to purchase all of Infinity Capital’s interest in DB Products Arizona, LLC (“DB”) at Infinity Capital’s actual cost, plus $1.00, or $800,001. The interests for which the option has been granted are Infinity Capital’s 50% equity interest in the membership interests of DB, and any outstanding unpaid principal and interest owed on promissory note(s) issued by DB in favor of Infinity Capital for up to $800,000.  DB is involved in the production and distribution of Dixie Brands, Inc.’s full line of medical cannabis “Dixie Elixirs and Edibles” products in Arizona.  DB expects to begin sales in 2016.  We have no obligation to exercise the option, which expires September 30, 2018.


Subsidiary Structure


General Cannabis Corporation has five wholly-owned subsidiary companies: (a) ACS Colorado Corp., a Colorado corporation formed in 2013; (b) Advanced Cannabis Solutions Corporation, a Colorado corporation formed in 2013; (c) 6565 E. Evans Avenue LLC, a Colorado limited liability company formed in 2014; (d) General Cannabis Capital Corporation, a Colorado corporation formed in 2015; and (e) GC Security LLC, a Colorado limited liability company formed in 2015.  Advanced Cannabis Solutions Corporation has one wholly-owned subsidiary company, ACS Corp., which was formed in Colorado on June 6, 2013.  Intercompany accounts and transactions have been eliminated.


Results of Operations


The following table sets forth, for the periods indicated, condensed statements of operations data.  The table and the discussion below should be read in conjunction with the accompanying condensed financial statements and the notes thereto appearing elsewhere in this report.


20



Consolidated Results


 

 

Three months ended September 30,

 

 

 

Percent

 

 

2016

 

2015

 

Change

 

Change

Revenues

$

810,380

$

593,317

$

217,063

 

37 %

Costs and expenses

 

(2,108,807)

 

(1,840,156)

 

(268,651)

 

15 %

Other expense

 

(13,148,667)

 

(451,396)

 

(12,697,271)

 

2,813 %

Net loss

$

(14,447,094)

$

(1,698,235)

$

(12,748,859)

 

751 %


 

 

Nine months ended September 30,

 

 

 

Percent

 

 

2016

 

2015

 

Change

 

Change

Revenues

$

2,204,434

$

1,077,376

$

1,127,058

 

105 %

Costs and expenses

 

(5,349,371)

 

(7,188,034)

 

1,838,663

 

(26) %

Other expense

 

(13,826,860)

 

(765,292)

 

(13,061,568)

 

1,707 %

Net loss

$

(16,971,797)

$

(6,875,950)

$

(10,095,847)

 

147 %


Revenues


Revenue for the three and nine months ended September 30, 2016 compared to 2015, increased primarily due to (a) the acquisition of IPG, which occurred in late March 2015; (b) the acquisition of Chiefton, which occurred in late September 2015; (c) the relaunch of our consulting practice as Next Big Crop in July 2015; and (d) the relaunch of GC Supply in April 2016, which is dedicated to providing wholesale equipment and supplies to companies in the regulated cannabis space.


Costs and expenses


 

 

Three months ended September 30,

 

 

 

Percent

 

 

2016

 

2015

 

Change

 

Change

Cost of service revenues

$

477,287

$

416,838

$

60,449

 

15 %

Cost of goods sold

 

77,252

 

28,144

 

49,108

 

174 %

Selling, general and administrative

 

488,543

 

406,711

 

81,832

 

20 %

Share-based expense

 

872,217

 

863,709

 

8,508

 

1 %

Professional fees

 

95,520

 

70,594

 

24,926

 

35 %

Depreciation and amortization

 

97,988

 

54,160

 

43,828

 

81 %

 

$

2,108,807

$

1,840,156

$

268,651

 

15 %


 

 

Nine months ended September 30,

 

 

 

Percent

 

 

2016

 

2015

 

Change

 

Change

Cost of service revenues

$

1,393,445

$

673,926

$

719,519

 

107 %

Cost of goods sold

 

112,649

 

67,786

 

44,863

 

66 %

Selling, general and administrative

 

1,300,051

 

1,027,394

 

272,657

 

27 %

Share-based expense

 

1,974,191

 

4,967,799

 

(2,993,608)

 

(60) %

Professional fees

 

276,706

 

321,091

 

(44,385)

 

(14) %

Depreciation and amortization

 

292,329

 

130,038

 

162,291

 

125 %

 

$

5,349,371

$

7,188,034

$

(1,838,663)

 

(26) %


The increase in cost of service revenues for the three and nine months ended September 30, 2016 compared to 2015, relates primarily to the IPG acquisition.  The changes in cost of goods sold were due primarily to the Chiefton acquisition in September 2015, the relaunch of GC Supply in April 2016, and a write-off of inventory from our wholesale supply business during the three months and nine months ended September 30, 2015, of $27,459 and $54,959, respectively.


Selling, general and administrative expense increased in 2016 due to the IPG and Chiefton acquisitions, and our hiring of individuals from Next Big Crop in July 2015 for our consulting segment.  A reduction in management headcount for IPG in May 2016 resulted in a decrease in management salaries.


21



Share-based expense included the following:


 

 

Three months ended

September 30,

 

Nine months ended

September 30,

 

 

2016

 

2015

 

2016

 

2015

Feinsod agreement

$

27,504

$

143,725

$

192,800

$

3,606,794

Consulting Awards

 

103,869

 

24,196

 

151,385

 

41,650

Employee Awards

 

740,844

 

695,788

 

1,574,906

 

1,319,355

DB Option Agreement warrants

 

--

 

--

 

55,100

 

--

 

$

872,217

$

863,709

$

1,974,191

$

4,967,799


On August 4, 2014, pursuant to an agreement with Michael Feinsod (“Feinsod”), our Board of Directors (the “Board”) appointed Feinsod Chairman of the Board and approved a compensatory agreement with Infinity Capital, LLC (“Infinity Capital”), an investment management company founded and controlled by him.  Under the agreement, we issued 200,000 shares of our common stock in 2014 and committed to issuing an additional 150,000 shares in 2015 and 150,000 shares in 2016.  The 200,000 shares were expensed immediately, while the additional shares are being expensed ratably through their issue date.  Additionally, when our common stock was uplisted to the OTC Market’s OTCQB in May 2015, we issued 1,000,000 shares of our common stock to Infinity Capital and recorded expense of $2,966,500.  Employee awards are issued under our 2014 Equity Incentive Plan, which was approved by shareholders on June 26, 2015.  In March 2016, we extended the DB Option Agreement and issued 100,000 warrants for our common stock.


Professional fees consist primarily of accounting and legal expenses.  Legal fees are typically incurred for acquisitions and other corporate matters.  Accounting fees are incurred for annual audits and quarterly reviews.  Professional fees generally fluctuate depending on the timing of the delivery of service.


Depreciation and amortization expense increased due to the amortization of the intangibles from the IPG and Chiefton acquisitions.


Other Expense


 

 

Three months ended

September 30,

 

Nine months ended

September 30,

 

 

2016

 

2015

 

2016

 

2015

Amortization of debt discount and deferred
financing costs

$

111,837

$

285,090

$

327,455

$

661,915

Interest expense

 

5,276,550

 

166,306

 

5,381,125

 

314,011

Loss on extinguishment of debt

 

1,728,280

 

--

 

2,086,280

 

--

Net (gain) loss on derivative liability

 

6,032,000

 

--

 

6,032,000

 

(210,634)

 

$

13,148,667

$

451,396

$

13,826,860

$

765,292


Amortization of debt discount and deferred financing costs are lower in 2016 compared to 2015, due to (a) the settlement of the 12% Convertible Notes in December 2015; (b) the write-off of the deferred financing costs for the Full Circle financing in 2015; and (c) additional borrowings in 2015 under the 10% convertible notes payable, which were fully amortized in April 2016.  Interest expense is higher in 2016 compared to 2015 due to (a) immediately expensing $5,189,000 of the fair value of the derivative warrant liability in September 2016; offset by (b) the settlement of the 12% Convertible Notes in December 2015.  Loss on extinguishment of debt includes (a) $1,715,000 of the fair value of the derivative warrant liability associated with converting a portion of the 10% Notes and 14% Mortgage Note Payable into 12% Notes in September 2016, and (b) in June 2016 expensing warrants issued to extend the maturity date of the 10% Notes from April 2016 to January 2017.  The net loss (gain) on derivative liability relates to (a) in 2016, the change in fair value of the warrants issued with the 12% Notes from September 2016; and (b) in 2015, the Full Circle warrants that generated a derivative liability were fully exercised in May 2015.


22



Security and Cash Management


We launched this segment with the IPG acquisition on March 26, 2015.


 

 

Three months ended September 30,

 

 

 

Percent

 

 

2016

 

2015

 

Change

 

Change

Revenues

$

560,713

$

503,703

$

57,010

 

11 %

Costs and expenses

 

(528,916)

 

(521,099)

 

(7,817)

 

2 %

 

$

31,797

$

(17,396)

$

49,193

 

N/A


 

 

Nine months ended September 30,

 

 

 

Percent

 

 

2016

 

2015

 

Change

 

Change

Revenues

$

1,599,907

$

897,807

$

702,100

 

78 %

Costs and expenses

 

(1,604,932)

 

(929,421)

 

(675,511)

 

73 %

 

$

(5,025)

$

(31,614)

$

26,589

 

(84) %


Results in 2016 include nine months of activity, whereas 2015 includes only results subsequent to the acquisition of IPG in late March 2015.  During the growth and integration of IPG, expenses increased as we added management positions, which were subsequently eliminated in June 2016, allowing us to return to a nearly break even position.


Marketing and Products


 

 

Three months ended September 30,

 

 

 

Percent

 

 

2016

 

2015

 

Change

 

Change

Revenues

$

106,402

$

9,494

$

96,908

 

1,021 %

Costs and expenses

 

(164,543)

 

(28,328)

 

(136,215)

 

481 %

 

$

(58,141)

$

(18,834)

$

(39,307)

 

209 %


 

 

Nine months ended September 30,

 

 

 

Percent

 

 

2016

 

2015

 

Change

 

Change

Revenues

$

222,541

$

34,861

$

187,680

 

538 %

Costs and expenses

 

(325,640)

 

(112,919)

 

(212,721)

 

188 %

 

$

(103,099)

$

(78,058)

$

(25,041)

 

32 %


Activity in 2016 was from Chiefton, acquired in late September 2015, and from the relaunch of GC Supply, in April 2016.  Revenues in 2015 were from our wholesale supply business, which decreased to minimal levels by September 2015.  During the three and nine months ended September 30, 2015, we wrote off $27,459 and $54,959, respectively, of inventory from our wholesale supply business.


Consulting and Advisory


 

 

Three months ended September 30,

 

 

 

Percent

 

 

2016

 

2015

 

Change

 

Change

Revenues

$

117,700

$

52,295

$

65,405

 

125 %

Costs and expenses

 

(162,404)

 

(63,519)

 

(98,885)

 

156 %

 

$

(44,704)

$

(11,224)

$

(33,480)

 

298 %


 

 

Nine months ended September 30,

 

 

 

Percent

 

 

2016

 

2015

 

Change

 

Change

Revenues

$

288,588

$

52,295

$

236,293

 

452 %

Costs and expenses

 

(345,967)

 

(63,519)

 

(282,448)

 

445 %

 

$

(57,379)

$

(11,224)

$

(46,155)

 

411 %


We relaunched our consulting business under the tradename Next Big Crop in July 2015, by hiring two individuals with expertise in the cannabis consulting industry, including obtaining licenses, compliance, cultivation, logistical support, facility design and building services.  Costs and expenses consist primarily of payroll and external consulting fees.  During the three months ended September 30, 2016, we hired four new consultants in anticipation of continued growth in consulting revenue in future periods, which increased expense but has not yet impacted revenue.


23



Finance and Real Estate



 

 

Three months ended September 30,

 

 

 

Percent

 

 

2016

 

2015

 

Change

 

Change

Revenues

$

25,565

$

27,825

$

(2,260)

 

(8) %

Costs and expenses

 

(13,352)

 

(3,157)

 

(10,195)

 

323 %

Interest expense

 

(6,414)

 

(3,385)

 

(3,029)

 

89 %

 

$

5,799

$

21,283

$

(15,484)

 

(73) %


 

 

Nine months ended September 30,

 

 

 

Percent

 

 

2016

 

2015

 

Change

 

Change

Revenues

$

93,398

$

92,413

$

985

 

1 %

Costs and expenses

 

(36,731)

 

(24,880)

 

(11,851)

 

48 %

Interest expense

 

(10,876)

 

(9,200)

 

(1,676)

 

18 %

 

$

45,791

$

58,333

$

(12,542)

 

(22) %


Revenue from leasing our Pueblo facility remained steady between 2016 and 2015.  Revenue fluctuates in 2016 compared to 2015, due to lease revenue for The Greenhouse.  We continue to renovate The Greenhouse and are pursuing new tenants in anticipation of being able to generate additional revenue from currently available space.  Costs and expenses increased in 2016 compared to 2015, associated with The Greenhouse.  Interest expense represents the interest for the mortgage on our Pueblo facility.


Liquidity and Capital Resources


We had cash of $1,064,606 and $58,711, respectively, as of September 30, 2016 and December 31, 2015.  Our cash flows from operating, investing and financing activities were as follows:


 

 

Nine months ended

September 30,

 

 

2016

 

2015

Net cash used in operating activities

$

(1,062,683)

$

(1,115,087)

Net cash used in investing activities

 

(11,615)

 

(54,960)

Net cash provided by financing activities

 

2,080,193

 

1,105,470


Net cash used in operating activities decreased in 2016 by $52,404 compared to 2015, primarily due to our management of working capital and a reduction in discretionary expenses.  Our operations expanded significantly in 2015, with the launch of our Security and Cash Management segment through the acquisition of IPG and Chiefton, as well as the relaunch of our Consulting segment, with the hiring of two employees with expertise in the cannabis industry.  We have also expanded our infrastructure ahead of anticipated revenue growth in all of our segments.  Where possible, we continue to use non-cash equity-based instruments to obtain consulting services and compensate employees.


Net cash used in investing activities relates primarily to renovating The Greenhouse for use as corporate offices and future revenue generating activities through leasing available space.


Net cash provided by financing activities in 2016 and 2015 was from our short-term financing with Infinity Capital, which carries an interest rate of 5%, offset by payments on our Pueblo mortgage.  In 2016, we received cash of $2,500,000 from new debt instruments, and used a portion of the proceeds to retire all of our other long-term debt by paying $912,189.  In 2015, we also issued the 10% Notes for $325,000 and received $87,616 when a third party exercised warrants.


In September 2016, we completed a $3,000,000 private placement pursuant to a promissory note and warrant purchase agreement (the “12% Agreement”) with certain accredited investors, bearing interest at 12%, with interest and principal due September 21, 2018 (each such note, a “12% Note,” and collectively, the “12% Notes”).  Subject to the terms and conditions of the 12% Agreement, each investor was granted fully-vested warrants equal to their note principal times three (the “12% Warrants”), or nine million warrants, with a life of three years.  4.5 million warrants have an exercise price of $0.35 per share and the other 4.5 million warrants have an exercise price of $0.70 per share.  We received $2,450,000 of cash for issuing the 12% Notes.  $300,000 of our 10% Notes and $250,000 of the 14% Mortgage Note Payable were converted into 12% Notes.  The 12% Agreement also had a stipulation that our Line of Credit – Related Party of $1,297,500, as of September 30, 2016, cannot be paid until the 12% Notes are paid off.  We used the proceeds from the 12% Notes to retire all of our other long-term debt, or $912,189.  The remaining proceeds from the 12% Notes of approximately $1,400,000 was available for general working capital purposes and acquisitions.


24



Non-GAAP Financial Measures


For the non-GAAP Adjusted EBITDA (Earnings (loss) Before Interest, Taxes, Depreciation and Amortization) per share-basic and diluted measures presented above, we have provided (1) the most directly comparable GAAP measure; (2) a reconciliation of the differences between the non-GAAP measure and the most directly comparable GAAP measure; (3) an explanation of why our management believes this non-GAAP measure provides useful information to investors; and (4) additional purposes for which we use this non-GAAP measure.


We believe that the disclosure of Adjusted EBITDA per share-basic and diluted provides investors with a better comparison of our period-to-period operating results. We exclude the effects of certain items from net loss per share-basic and diluted when we evaluate key measures of our performance internally, and in assessing the impact of known trends and uncertainties on our business. We also believe that excluding the effects of these items provides a more balanced view of the underlying dynamics of our business. Adjusted EBITDA per share-diluted excludes the impacts of interest expense, tax expense, depreciation and amortization, gain (loss) on its derivative liability, and share-based compensation. Weighted average number of common shares outstanding - basic and diluted (adjusted) excludes the impact of shares issued in connection with share-based compensation.


Tabular reconciliations of this supplemental non-GAAP financial information to our most comparable GAAP information are contained in this Quarterly Report on Form 10-Q. We present such non-GAAP supplemental financial information, as we believe such information provides additional meaningful methods of evaluating certain aspects of our operating performance from period-to-period on a basis that may not be otherwise apparent on a non-GAAP basis. This supplemental financial information should be considered in addition to, not in lieu of, our Condensed Consolidated Financial Statements.


 

 

Three months ended

September 30,

 

Nine months ended

September 30,

 

 

2016

 

2015

 

2016

 

2015

Net loss

$

(14,447,094)

$

(1,698,235)

$

(16,971,797)

$

(6,875,950)

Adjustments:

 

 

 

 

 

 

 

 

Share-based expense

 

872,217

 

863,709

 

1,974,191

 

4,967,799

Depreciation and amortization

 

97,988

 

54,160

 

292,329

 

130,038

Inventory write-off

 

--

 

27,459

 

--

 

54,959

Amortization of debt discount and debt
financing costs

 

111,837

 

285,090

 

327,455

 

661,915

Interest expense

 

5,276,550

 

166,306

 

5,381,125

 

314,011

Loss on extinguishment of debt

 

1,728,280

 

--

 

2,086,280

 

--

Net (gain) loss on derivative liability

 

6,032,000

 

--

 

6,032,000

 

(210,634)

Total adjustments

 

14,118,872

 

1,396,724

 

16,093,380

 

5,918,088

Adjusted EBITDA

$

(328,222)

$

(301,511)

$

(878,417)

$

(957,862)

 

 

 

 

 

 

 

 

 

Per share – basic and diluted:

 

 

 

 

 

 

 

 

Net loss

$

(0.93)

$

(0.12)

$

(1.11)

$

(0.50)

Adjusted EBITDA

 

(0.02)

 

(0.02)

 

(0.06)

 

(0.07)

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding:

 

 

 

 

 

 

 

 

Net loss

 

15,495,421

 

14,399,029

 

15,270,968

 

13,847,561

Adjusted EBITDA

 

15,584,981

 

13,349,029

 

15,323,166

 

13,231,444


Critical Accounting Policies


Our condensed consolidated financial statements and accompanying notes have been prepared in accordance with U.S. GAAP. The preparation of these financial statements requires management to make estimates, judgments and assumptions that affect reported amounts of assets, liabilities, revenues and expenses. We continually evaluate the accounting policies and estimates used to prepare the condensed financial statements. The estimates are based on historical experience and assumptions believed to be reasonable under current facts and circumstances. Actual amounts and results could differ from these estimates made by management. Certain accounting policies that require significant management estimates and are deemed critical to our results of operations or financial position are discussed in our Annual Report on Form 10-K for the year ended December 31, 2015, and Note 1 to the Condensed Consolidated Financial Statements in this Form 10-Q.


Off-Balance Sheet Arrangements


We did not have any off-balance sheet arrangements that are reasonably likely to have a current or future material effect on our financial condition, revenue or expenses, results of operations, liquidity, capital expenditures or capital resources.



25



ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK


As a “smaller reporting company” as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item.


ITEM 4.  CONTROLS AND PROCEDURES


Evaluation of Disclosure Controls and Procedures


We maintain disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) that are designed to ensure that information required to be disclosed in our reports filed under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.


We carried out an evaluation under the supervision and with the participation of management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of September 30, 2016, the end of the period covered by this report. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective at the reasonable assurance level due to the material weaknesses discussed below.


Internal Control over Financial Reporting


Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) promulgated under the Exchange Act as a process designed by, or under the supervision of, our principal executive officer and principal financial officer and effected by the Board, management, and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP and includes those policies and procedures that:


·

Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the Company;

·

Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures of are being made only in accordance with authorizations of our management and directors; and

·

Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of our assets that could have a material effect on the financial statements.


Because of our inherent limitations, our internal control over financial reporting may not prevent or detect misstatements. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.


Management identified the following material weaknesses:


·

We have not performed a risk assessment and mapped our processes to control objectives;

·

We have not implemented comprehensive entity-level internal controls;

·

We have not implemented adequate system and manual controls; and

·

We do not have sufficient segregation of duties.


Assessment of Internal Control over Financial Reporting


Our management assessed the effectiveness of our internal control over financial reporting as of September 30, 2016. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in Internal Control - Integrated Framework (2013). Based on management’s assessment, management concluded that the above material weaknesses have not been remediated and, accordingly, our internal control over financial reporting is not effective as of September 30, 2016.


26



Remediation of Material Weaknesses


We have designed and plan to implement, or in some cases have already implemented, the specific remediation initiatives described below:


·

We intend to allocate resources to perform a risk assessment and map processes to control objectives and, where necessary, implement and document internal controls in accordance with COSO.

·

Our entity-level controls are, generally, informal and we intend to evaluate current processes, supplement where necessary, and document requirements.

·

While we have implemented procedures to identify, evaluate and record significant transactions, we need to formally document these procedures and evidence the performance of the related controls.

·

We plan to evaluate system and manual controls, identify specific weaknesses, and implement a comprehensive system of internal controls.

·

We are assessing our current staffing and evaluating our personnel requirements to improve our segregation of duties.


Management understands that in order to remediate the material weaknesses, additional segregation of duties, changes in personnel, and technologies are necessary. We do not expect to have fully remediated these material weaknesses until management has tested those internal controls and found them to have been remediated.


Our Annual Report on Form 10-K does not include an attestation report of our independent registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to such attestation pursuant to rules of the SEC that permits us to provide only management’s report in our Annual Report on Form 10-K.


Changes in Internal Control over Financial Reporting


We have implemented an informal process of preparation and review of balance sheet reconciliations, as well as informal procedures to identify, evaluate and record significant transactions; however, these changes do not meet the strict requirements to overcome the material weaknesses identified above.




27



PART II.  OTHER INFORMATION


ITEM 1.    LEGAL PROCEEDINGS


In July 2016, we reached a legal settlement with former employees for approximately $24,000.


ITEM 1A.  RISK FACTORS


As a “smaller reporting company” as defined by Item 10 of Regulation S-K, we are not required to provide the information required regarding market risk factors.


ITEM 2.    UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS


On September 21, 2016, we issued entered into our $3,000,000 12% Notes, which included (a) 4.500,000 warrants to purchase our common stock, with an exercise price of $0.35 per share and a three year life, and (b) 4,500,000 warrants to purchase our common stock, at an exercise price of $0.70 per share with a three year life.


On September 21, 2016, we issued to a consultant for services rendered, fully-vested warrants to purchase 20,000 shares of our common stock at an exercise price of $1.20 per share with a three year life.


On August 15, 2016, we entered into the 8% Notes for $50,000, which included warrants to purchase 100,000 shares of our common stock at an exercise price of $0.78 per share with a three year life.


On July 1, 2016, we issued to four consultants for services rendered, fully-vested warrants to purchase 35,000 shares of our common stock at an exercise price of $0.90 per share with a five year life.


On June 3, 2016, we issued to our 10% Note holders 659,000 warrants to purchase our common stock, with an exercise price of $1.07 per share and a life of five years, as consideration for extending the due date of the 10% Notes to January 2017.


On April 19, 2016, we issued 400,000 shares of our common stock for the IPG Acquisition.


On April 19, 2016, we issued 80,000 shares of our common stock for the Chiefton Acquisition.


On March 31, 2016, we issued to Infinity Capital warrants to purchase 100,000 shares of our common stock at an exercise price of $0.67 per share with a five year life, in consideration for extending the expiration date of the DB Option Agreement.


ITEM 3.    DEFAULTS UPON SENIOR SECURITIES


None.


ITEM 4.    MINE SAFETY DISCLOSURES


Not applicable.


ITEM 5.   OTHER INFORMATION


None.


ITEM 6.  EXHIBITS


Exhibits

 

31.1

Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2

Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1

Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101

The following financial information from the Quarterly Report on Form 10-Q of General Cannabis Corporation for the quarter ended September 30, 2016, formatted in XBRL (eXtensible Business Reporting Language): (i) Condensed Consolidated Balance Sheets (ii) Condensed Consolidated Statements of Operations; (iii) Condensed Consolidated Statements of Cash Flows, and (iv) Notes to the Condensed Consolidated Financial Statements.


28




SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


 

GENERAL CANNABIS CORPORATION

 

 

 

Date: November 7, 2016

By:

/s/Robert Frichtel

 

 

Robert Frichtel, Principal Executive Officer

 

 

 

 

By:

/s/ Shelly Whitson

 

 

Shelly Whitson, Principal Financial and Accounting Officer


29


EX-31.1 2 exh31_1.htm EXHIBIT 31.1 Exhibit

Exhibit 31.1


CERTIFICATIONS


I, Robert Frichtel, certify that;


1.      I have reviewed this quarterly report on Form 10-Q of General Cannabis Corporatiion;


2.      Based on my knowledge, this report, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by the report;


3.      Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;


4.      The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:


a)      Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;


b)      Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;


c)      Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and


d)      Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and


5.      The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):


a)      All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and


b)      Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.



Date: November 7, 2016

By:

/s/ Robert Frichtel

 

 

Robert Frichtel, Principal Executive Officer


EX-31.2 3 exh31_2.htm EXHIBIT 31.2 Exhibit

Exhibit 31.2


CERTIFICATIONS


I, Shelly Whitson, certify that;


1.      I have reviewed this quarterly report on Form 10-Q of General Cannabis Corporatiion;


2.      Based on my knowledge, this report, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by the report;


3.      Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;


4.      The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:


a)      Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;


b)      Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;


c)      Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and


d)      Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and


5.      The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):


a)      All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and


b)      Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.



Date: November 7, 2016

By:

/s/ Shelly Whitson

 

 

Shelly Whitson, Principal Financial and Accounting Officer


EX-32.1 4 exh32_1.htm EXHIBIT 32.1 Exhibit

EXHIBIT 32.1


In connection with the Quarterly Report of General Cannabis Corporation, (the “Company”) on Form 10-Q for the quarter ended September 30, 2016, as filed with the Securities Exchange Commission on the date hereof (the “Report”), Robert Frichtel, the Company’s Principal Executive Officer, and Shelly Whitson, the Company’s Principal Financial and Accounting Officer, certify pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of their knowledge:


 

(1)

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of1934; and

 

 

 

 

(2)

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.



Date: November 7, 2016

By:

/s/ Robert Frichtel

 

 

Robert Frichtel, Principal Executive Officer


Date: November 7, 2016

By:

/s/ Shelly Whitson

 

 

Shelly Whitson, Principal Financial and Accounting Officer


EX-101.INS 5 cann-20160930.xml 0001477009 2016-09-30 0001477009 2015-12-31 0001477009 2016-07-01 2016-09-30 0001477009 2015-07-01 2015-09-30 0001477009 2016-01-01 2016-09-30 0001477009 2015-01-01 2015-09-30 0001477009 2014-12-31 0001477009 2015-09-30 0001477009 cann:IPGAcquisitionMember 2015-01-01 2015-09-30 0001477009 cann:ChieftonAcquisitionMember 2015-01-01 2015-09-30 0001477009 2016-11-07 0001477009 cann:GCSupplyMember 2016-09-30 0001477009 cann:PuebloWestPropertyMember 2016-09-30 0001477009 us-gaap:MinimumMember cann:PotentialAcquisitionsMember 2016-09-30 0001477009 us-gaap:MaximumMember cann:PotentialAcquisitionsMember 2016-09-30 0001477009 us-gaap:LeasingArrangementMember cann:TheGreenhouseMember 2016-09-30 0001477009 us-gaap:OfficeBuildingMember cann:TheGreenhouseMember 2016-09-30 0001477009 cann:ConsumerBankingMember cann:TheGreenhouseMember 2016-09-30 0001477009 cann:InfinityCapitalMember 2015-11-05 2015-11-05 0001477009 cann:InfinityCapitalMember 2015-11-05 0001477009 2015-11-05 2015-11-05 0001477009 cann:IronProtectionGroupMember 2015-03-26 2015-03-26 0001477009 cann:IronProtectionGroupMember 2015-10-01 2015-10-01 0001477009 cann:IronProtectionGroupMember 2016-01-01 2016-01-01 0001477009 cann:IronProtectionGroupMember 2016-04-01 2016-04-01 0001477009 cann:IronProtectionGroupMember cann:IPG4.50WarrantsMember 2016-09-30 0001477009 cann:IronProtectionGroupMember cann:IPG5.00WarrantsMember 2016-09-30 0001477009 cann:IronProtectionGroupMember 2015-03-26 0001477009 cann:IronProtectionGroupMember 2016-09-30 0001477009 cann:IronProtectionGroupMember 2016-01-01 2016-09-30 0001477009 cann:ChieftonAcquisitionMember 2015-09-25 0001477009 cann:IronProtectionGroupMember us-gaap:CommonStockMember 2016-01-01 2016-03-31 0001477009 cann:IronProtectionGroupMember cann:IPG4.50WarrantsMember 2016-01-01 2016-03-31 0001477009 cann:IronProtectionGroupMember cann:IPG5.00WarrantsMember 2016-01-01 2016-03-31 0001477009 cann:IronProtectionGroupMember 2016-01-01 2016-03-31 0001477009 cann:IronProtectionGroupMember us-gaap:CustomerRelationshipsMember 2016-01-01 2016-09-30 0001477009 cann:IronProtectionGroupMember us-gaap:MarketingRelatedIntangibleAssetsMember 2016-01-01 2016-09-30 0001477009 cann:IronProtectionGroupMember us-gaap:NoncompeteAgreementsMember 2016-01-01 2016-09-30 0001477009 cann:ChieftonAcquisitionMember 2016-01-01 2016-09-30 0001477009 cann:ChieftonAcquisitionMember 2015-09-30 0001477009 cann:ChieftonAcquisitionMember 2016-09-30 0001477009 us-gaap:CustomerRelatedIntangibleAssetsMember 2016-09-30 0001477009 us-gaap:CustomerRelatedIntangibleAssetsMember 2016-01-01 2016-09-30 0001477009 us-gaap:MarketingRelatedIntangibleAssetsMember 2016-09-30 0001477009 us-gaap:MarketingRelatedIntangibleAssetsMember 2016-01-01 2016-09-30 0001477009 us-gaap:NoncompeteAgreementsMember 2016-09-30 0001477009 us-gaap:NoncompeteAgreementsMember 2016-01-01 2016-09-30 0001477009 us-gaap:IntellectualPropertyMember 2016-09-30 0001477009 us-gaap:IntellectualPropertyMember 2016-01-01 2016-09-30 0001477009 cann:InfinityCapitalMember 2015-02-28 0001477009 cann:InfinityCapitalMember 2015-07-01 2015-07-01 0001477009 cann:InfinityCapitalMember 2016-01-01 2016-09-30 0001477009 cann:TwelvePercentSeptember2016Member 2016-09-30 0001477009 cann:TwelvePercentConvertibleNotesMember 2016-09-30 0001477009 2016-09-01 2016-09-30 0001477009 cann:TwelvePercentConvertibleNotesMember cann:DefaultMember 2016-09-30 0001477009 cann:TwelvePercentConvertibleNotesMember 2016-09-01 2016-09-30 0001477009 cann:Warrants1Member cann:TwelvePercentConvertibleNotesMember 2016-09-01 2016-09-30 0001477009 cann:Warrants2Member cann:TwelvePercentConvertibleNotesMember 2016-09-01 2016-09-30 0001477009 cann:TenPercentPrivatePlacementMember cann:TwelvePercentConvertibleNotesMember 2016-09-01 2016-09-30 0001477009 cann:FourteenPercentMortgageMember cann:TwelvePercentConvertibleNotesMember 2016-09-01 2016-09-30 0001477009 cann:TwelvePercentConvertibleNotesMember 2015-01-01 2015-09-30 0001477009 cann:EightPercentAugust2016Member 2016-08-31 0001477009 cann:EightPercentAugust2016Member 2016-08-01 2016-08-31 0001477009 cann:TenPercentPrivatePlacementMember 2016-09-01 2016-09-30 0001477009 cann:TenPercentPrivatePlacementMember 2016-09-30 0001477009 cann:A10.0privateplacementdueMay12016Member cann:InfinityCapitalMember 2016-09-30 0001477009 cann:A10.0privateplacementdueMay12016Member cann:InfinityCapitalMember 2016-01-01 2016-09-30 0001477009 cann:TenPercentPrivatePlacementMember cann:InfinityCapitalMember 2016-09-01 2016-09-30 0001477009 cann:MaturityDateExtensionMember cann:TenPercentPrivatePlacementMember 2016-06-03 2016-06-03 0001477009 cann:MaturityDateExtensionMember cann:TenPercentPrivatePlacementMember 2016-06-03 0001477009 cann:TenPercentPrivatePlacementMember 2016-06-03 2016-06-03 0001477009 cann:TenPercentPrivatePlacementMember 2016-04-01 2016-06-30 0001477009 cann:TheGreenhouseMember 2016-09-01 2016-09-30 0001477009 cann:TheGreenhouseMember 2016-09-30 0001477009 cann:TheGreenhouseMember 2014-10-30 0001477009 cann:TheGreenhouseMember 2014-10-30 2014-10-30 0001477009 cann:TheGreenhouseMember 2014-10-01 2014-10-30 0001477009 cann:TheGreenhouseMember 2015-07-29 2015-07-29 0001477009 cann:TheGreenhouseMember 2015-07-29 0001477009 cann:PuebloWestPropertyMember 2015-07-29 2015-07-29 0001477009 cann:PuebloWestPropertyMember 2013-12-31 0001477009 cann:TwelvePercentConvertibleNotesMember 2015-01-01 2015-12-31 0001477009 cann:AutomaticConversionMember cann:TwelvePercentConvertibleNotesMember 2015-01-01 2015-12-31 0001477009 us-gaap:UnsecuredDebtMember 2013-12-31 0001477009 us-gaap:UnsecuredDebtMember us-gaap:MinimumMember 2013-12-31 0001477009 us-gaap:UnsecuredDebtMember us-gaap:MaximumMember 2013-12-31 0001477009 us-gaap:UnsecuredDebtMember 2014-01-21 0001477009 us-gaap:UnsecuredDebtMember us-gaap:MinimumMember 2014-01-21 0001477009 us-gaap:UnsecuredDebtMember us-gaap:MaximumMember 2014-01-21 0001477009 cann:TenPercentPrivatePlacementMember 2015-12-31 0001477009 cann:FourteenPercentMortgageMember 2015-12-31 0001477009 cann:EightPointFivePercentConvertibleMember 2015-12-31 0001477009 cann:FeinsodAgreementMember 2016-01-01 2016-09-30 0001477009 cann:FeinsodAgreementMember 2014-08-04 2014-08-04 0001477009 cann:UponUplistingToExchangeMember cann:FeinsodAgreementMember exch:OTCB 2014-08-04 2014-08-04 0001477009 cann:FeinsodAgreementMember 2015-08-04 2015-08-04 0001477009 cann:FeinsodAgreementMember 2016-08-04 2016-08-04 0001477009 cann:FeinsodAgreementMember us-gaap:MaximumMember 2014-08-04 2014-08-04 0001477009 cann:UponUplistingToExchangeMember cann:FeinsodAgreementMember exch:OTCB 2015-04-27 0001477009 cann:FeinsodAgreementMember 2014-08-04 0001477009 cann:EmploymentAgreementsMember 2015-05-13 2015-05-13 0001477009 cann:EmploymentAgreementsMember 2015-05-13 0001477009 cann:EmploymentAgreementsMember us-gaap:ScenarioAdjustmentMember 2015-05-13 2015-05-13 0001477009 cann:ConsultingMember 2015-07-15 2015-07-15 0001477009 cann:IronProtectionGroupMember 2016-01-01 2016-09-30 0001477009 cann:ChieftonAcquisitionMember 2016-01-01 2016-09-30 0001477009 cann:FeinsodAgreementMember 2016-01-01 2016-09-30 0001477009 cann:ConsultingMember 2016-01-01 2016-09-30 0001477009 cann:EmployeeAgreementsMember 2016-01-01 2016-09-30 0001477009 2016-09-21 0001477009 2016-09-21 2016-09-21 0001477009 2016-09-30 2016-09-30 0001477009 cann:DerivativeWarrantLiabilityMember 2016-01-01 2016-09-30 0001477009 cann:DerivativeWarrantLiabilityMember 2016-09-30 0001477009 cann:IncentivePlanMember 2015-06-26 0001477009 cann:IncentivePlanMember 2016-09-30 0001477009 cann:IncentivePlanMember 2016-01-01 2016-09-30 0001477009 cann:ConsultingAwardsMember 2016-09-30 0001477009 cann:ConsultingAwardsMember 2016-01-01 2016-09-30 0001477009 cann:IPGIncentiveWarrantsMember 2016-01-01 2016-09-30 0001477009 cann:IPG4.50WarrantsMember 2016-01-01 2016-09-30 0001477009 cann:IPG4.50WarrantsMember 2016-09-30 0001477009 cann:IPG5.00WarrantsMember 2016-01-01 2016-09-30 0001477009 cann:IPG5.00WarrantsMember 2016-09-30 0001477009 cann:WarrantsConsultingServicesMember 2016-01-01 2016-09-30 0001477009 cann:WarrantsConsultingServicesMember 2016-09-30 0001477009 cann:Warrants2013Member 2013-07-11 2013-09-19 0001477009 cann:Warrants2013Member 2013-09-19 0001477009 cann:EmployeeAwardsMember 2016-07-01 2016-09-30 0001477009 cann:EmployeeAwardsMember 2015-07-01 2015-09-30 0001477009 cann:EmployeeAwardsMember 2016-01-01 2016-09-30 0001477009 cann:EmployeeAwardsMember 2015-01-01 2015-09-30 0001477009 cann:ConsultingAwardsMember 2016-07-01 2016-09-30 0001477009 cann:ConsultingAwardsMember 2015-07-01 2015-09-30 0001477009 cann:ConsultingAwardsMember 2016-01-01 2016-09-30 0001477009 cann:ConsultingAwardsMember 2015-01-01 2015-09-30 0001477009 cann:FeinsodAgreementMember 2016-07-01 2016-09-30 0001477009 cann:FeinsodAgreementMember 2015-07-01 2015-09-30 0001477009 cann:FeinsodAgreementMember 2016-01-01 2016-09-30 0001477009 cann:FeinsodAgreementMember 2015-01-01 2015-09-30 0001477009 cann:DBOptionAgreementMember 2016-01-01 2016-09-30 0001477009 cann:EmployeeAwardsMember 2016-01-01 2016-09-30 0001477009 cann:EmployeeAwardsMember us-gaap:MinimumMember 2016-09-30 0001477009 cann:EmployeeAwardsMember us-gaap:MaximumMember 2016-09-30 0001477009 cann:EmployeeAwardsMember us-gaap:MinimumMember 2016-01-01 2016-09-30 0001477009 cann:EmployeeAwardsMember us-gaap:MaximumMember 2016-01-01 2016-09-30 0001477009 cann:EmployeeAwardsMember 2015-12-31 0001477009 cann:EmployeeAwardsMember 2016-01-01 2016-09-30 0001477009 cann:EmployeeAwardsMember 2016-09-30 0001477009 cann:ConsultingAwardsMember 2015-12-31 0001477009 cann:ConsultingAwardsMember 2016-01-01 2016-09-30 0001477009 cann:ConsultingAwardsMember 2016-09-30 0001477009 cann:WarrantsWithDebtMember 2015-12-31 0001477009 cann:WarrantsWithDebtMember 2016-01-01 2016-09-30 0001477009 cann:WarrantsWithDebtMember 2016-09-30 0001477009 cann:ConsultingAwardsMember us-gaap:MinimumMember 2016-09-30 0001477009 cann:ConsultingAwardsMember us-gaap:MaximumMember 2016-09-30 0001477009 cann:ConsultingAwardsMember us-gaap:MinimumMember 2016-01-01 2016-09-30 0001477009 cann:ConsultingAwardsMember us-gaap:MaximumMember 2016-01-01 2016-09-30 0001477009 cann:DBOptionAgreementMember 2016-01-01 2016-09-30 0001477009 cann:InfinityCapitalMember 2016-09-30 0001477009 cann:DBMember 2016-10-31 0001477009 cann:DBMember 2016-10-01 2017-05-31 0001477009 cann:SecurityAndCashManagementMember 2016-07-01 2016-09-30 0001477009 cann:MarketingProductsMember 2016-07-01 2016-09-30 0001477009 cann:ConsultingAdvisoryMember 2016-07-01 2016-09-30 0001477009 cann:FinanceAndRealEstateMember 2016-07-01 2016-09-30 0001477009 cann:SecurityAndCashManagementMember 2015-07-01 2015-09-30 0001477009 cann:MarketingProductsMember 2015-07-01 2015-09-30 0001477009 cann:ConsultingAdvisoryMember 2015-07-01 2015-09-30 0001477009 cann:FinanceAndRealEstateMember 2015-07-01 2015-09-30 0001477009 cann:SecurityAndCashManagementMember 2016-01-01 2016-09-30 0001477009 cann:MarketingProductsMember 2016-01-01 2016-09-30 0001477009 cann:ConsultingAdvisoryMember 2016-01-01 2016-09-30 0001477009 cann:FinanceAndRealEstateMember 2016-01-01 2016-09-30 0001477009 cann:SecurityAndCashManagementMember 2015-01-01 2015-09-30 0001477009 cann:MarketingProductsMember 2015-01-01 2015-09-30 0001477009 cann:ConsultingAdvisoryMember 2015-01-01 2015-09-30 0001477009 cann:FinanceAndRealEstateMember 2015-01-01 2015-09-30 0001477009 cann:SecurityAndCashManagementMember 2016-09-30 0001477009 cann:SecurityAndCashManagementMember 2015-12-31 0001477009 cann:MarketingProductsMember 2016-09-30 0001477009 cann:MarketingProductsMember 2015-12-31 0001477009 cann:ConsultingAdvisoryMember 2016-09-30 0001477009 cann:ConsultingAdvisoryMember 2015-12-31 0001477009 cann:FinanceAndRealEstateMember 2016-09-30 0001477009 cann:FinanceAndRealEstateMember 2015-12-31 0001477009 us-gaap:CorporateMember 2016-09-30 0001477009 us-gaap:CorporateMember 2015-12-31 iso4217:USD iso4217:USD xbrli:shares xbrli:shares xbrli:pure utr:sqft 1064606 58711 267694 124553 59055 46734 27145 15518 1418500 245516 1700813 1725268 1268668 1524927 187000 187000 4574981 3682711 457526 293532 63032 84720 1297500 800000 986475 66138 33146 663000 1532420 15386000 17933196 3730293 580200 151397 8854 9204 18522250 3890894 15495 14915 19436411 16204280 -33399175 -16427378 -13947269 -208183 4574981 3682711 279435 2419800 0 0 5000000 5000000 0 0 0 0 0.001 0.001 100000000 100000000 15495421 14915421 15495421 14915421 704489 554458 1988584 948561 25565 29365 93398 93954 80326 9494 122452 34861 810380 593317 2204434 1077376 477287 416838 1393445 673926 77252 28144 112649 67786 488543 406711 1300051 1027394 872217 863709 1974191 4967799 95520 70594 276706 321091 97988 54160 292329 130038 2108807 1840156 5349371 7188034 -1298427 -1246839 -3144937 -6110658 111837 285090 327455 661915 5276550 166306 5381125 314011 -1728280 -2086280 -6032000 -6032000 210634 -13148667 -451396 -13826860 -765292 -14447094 -1698235 -16971797 -6875950 -0.93 -0.12 -1.11 -0.50 15495421 14399029 15270968 13847561 327455 663747 5189000 6032000 -210634 292329 130038 1974191 4964218 -143141 -72264 -12321 -89405 -11627 40013 174948 335150 -1062683 -1115087 11615 54960 -11615 -54960 2500000 659000 -497500 -365000 917307 4701 86171 2080193 1105470 1005895 -64577 165536 100959 213813 173627 1069775 114693 2450000 31100 297931 550000 320000 3683270 1887000 69400 GENERAL CANNABIS CORP 10-Q --12-31 15607921 false 0001477009 Yes No Smaller Reporting Company No 2016 Q3 2016-09-30 <p style="margin:0px"><b>NOTE 1.&#160;&#160;&#160;NATURE OF OPERATIONS, HISTORY AND PRESENTATION</b></p><br/><p style="margin:0px"><b>Nature of Operations</b></p><br/><p style="margin:0px">General Cannabis Corporation (the &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; or &#8220;GCC&#8221;) (formerly, Advanced Cannabis Solutions, Inc.), was incorporated in Colorado on June 3, 2013, and provides products and services to the regulated cannabis industry. &#160;On April 28, 2015, our common stock was uplisted and resumed quotation on the OTC Market&#8217;s OTCQB on May 6, 2015. &#160;Our operations are segregated into the following four reportable segments:</p><br/><p style="margin:0px"><font style="text-decoration:underline">Security and Cash Management Services</font></p><br/><p style="margin:0px">In March 2015, we acquired substantially all of the assets of Iron Protection Group, LLC, a Colorado limited liability company, which continues to do business as &#8220;Iron Protection Group.&#8221; Iron Protection Group (&#8220;IPG&#8221;) provides advanced security, including on-site professionals, video surveillance and cash transport, to licensed cannabis cultivators and retail shops. As of September 30, 2016, IPG had approximately 71 security guards on staff who serve 16 clients throughout Colorado.</p><br/><p style="margin:0px"><font style="text-decoration:underline">Marketing and Products</font></p><br/><p style="margin:0px">In September 2015, we acquired substantially all of the assets of Chiefton Supply Co., and established a dba of Chiefton Supply Co., incorporated in Colorado (&#8220;Chiefton&#8221;). &#160;Chiefton is an apparel and design company. &#160;Chiefton Supply designs, distributes and sells apparel featuring graphic designs. &#160;Our apparel is purchased and screen printed by third parties, for which there are numerous suppliers. &#160;Chiefton Design provides design, branding and marketing strategy consulting services to the cannabis community.</p><br/><p style="margin:0px">In April 2016, we relaunched GC Supply, dedicated to providing wholesale equipment and supplies to participants in the regulated cannabis industry. &#160;We provide turnkey sourcing and stocking services to cultivation, retail and infused products manufacturing facilities. &#160;Offerings will include infrastructure, equipment, consumables, various delivery technologies (vaporizers and capsules) and compliance packaging. &#160;GC Supply operates out of a leased, 1,800 square-foot warehouse located in Colorado Springs, Colorado.</p><br/><p style="margin:0px"><font style="text-decoration:underline">Consulting and Advisory</font></p><br/><p style="margin:0px">Through Next Big Crop we deliver comprehensive cannabis industry consulting services that include obtaining licenses, compliance, cultivation, retail operations, logistical support, facility design and building services, and expansion of existing operations. Next Big Crop&#8217;s business plan is based on the future growth of the regulated cannabis market in the United States.</p><br/><p style="margin:0px"><font style="text-decoration:underline">Finance and Real Estate</font></p><br/><p style="margin:0px"><i>Real Estate Leasing</i></p><br/><p style="margin:0px">We own a cultivation property in a suburb of Pueblo, Colorado, consisting of approximately three acres of land, which currently includes a 5,000 square foot steel building and parking lot. The property is zoned for cultivating cannabis and is leased to a medical cannabis grower until December 31, 2022.</p><br/><p style="margin:0px">Our real estate leasing business plan includes the potential future acquisition and leasing of cultivation space and related facilities to licensed marijuana growers and dispensary owners for their operations. Management anticipates that these facilities would range in size from 5,000 to 50,000 square feet. These facilities would only be leased to tenants that possess the requisite state licenses to operate cultivation facilities. The leases with the tenants would include certain requirements that permit us to continually evaluate our tenants&#8217; compliance with applicable laws and regulations.</p><br/><p style="margin:0px"><i>Shared Office Space, Networking and Event Services&#160;&#160;&#160;</i></p><br/><p style="margin:0px">In October 2014, we purchased a former retail bank located at 6565 East Evans Avenue, Denver, Colorado 80224, which has been branded as The Greenhouse (&#8220;The Greenhouse&#8221;). &#160;The building is a 16,056 square-foot facility, which we use as our corporate headquarters and Chiefton&#8217;s retail location. </p><br/><p style="margin:0px; page-break-before:always">The Greenhouse has approximately 10,000 square feet of existing office space and 5,000 square feet on its ground floor that is dedicated to a consumer banking design. &#160;We continue to assess the opportunity to lease shared workspace for entrepreneurs, professionals and others serving the cannabis industry. &#160;Clients would be able to lease space to use as offices, meeting rooms, lecture, educational and networking facilities, and individual workstations.</p><br/><p style="margin:0px"><i>Industry Finance</i></p><br/><p style="margin:0px">Our industry finance strategy includes evaluating opportunities to make direct term loans or to provide revolving lines of credit to businesses involved in the cultivation and sale of cannabis and related products. &#160;These loans would generally be secured to the maximum extent permitted by law. &#160;We believe there is a significant demand for this financing. &#160;We are assessing other finance services including customized finance, capital formation, and banking, for participants in the cannabis industry.</p><br/><p style="margin:0px">On November 4, 2015, we entered into an agreement (the &#8220;DB Option Agreement&#8221;) with Infinity Capital, a related party, which was amended on March 29, 2016 (the &#8220;Amended DB Option Agreement&#8221;) and on September 16, 2016 (the &#8220;Second Amended DB Option Agreement&#8221;). &#160;Pursuant to the Amended DB Option Agreement, we have the right to purchase all of Infinity Capital&#8217;s interest in DB Products Arizona, LLC (&#8220;DB&#8221;) at Infinity Capital&#8217;s actual cost, plus $1.00, or $800,001. The interests for which the option has been granted are Infinity Capital&#8217;s 50% equity interest in the membership interests of DB, and any outstanding unpaid principal and interest owed on promissory note(s) issued by DB in favor of Infinity Capital for up to $800,000. &#160;DB is involved in the production and distribution of Dixie Brands, Inc.&#8217;s full line of medical cannabis &#8220;Dixie Elixirs and Edibles&#8221; products in Arizona. &#160;DB expects to begin sales in 2016. &#160;We have no obligation to exercise the option, which expires September 30, 2018.</p><br/><p style="margin:0px"><b>Basis of Presentation</b></p><br/><p style="margin:0px">The accompanying (a) condensed consolidated balance sheet at December&#160;31, 2015, has been derived from audited financial statements and (b) condensed consolidated unaudited financial statements as of September 30, 2016 and 2015, have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements, and should be read in conjunction with the audited consolidated financial statements and related footnotes included in our Annual Report on Form 10-K for the year ended December&#160;31, 2015 (the &#8220;2015 Annual Report&#8221;), filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;) on March 25, 2016. &#160;It is management&#8217;s opinion, however, that all material adjustments (consisting of normal recurring adjustments), have been made which are necessary for a fair financial statements presentation. The condensed consolidated financial statements include all material adjustments (consisting of normal recurring accruals) necessary to make the condensed consolidated financial statements not misleading as required by Regulation S-X, Rule 10-01. Operating results for the three and nine months ended September 30, 2016, are not necessarily indicative of the results of operations expected for the year ending December&#160;31, 2016.</p><br/><p style="margin:0px">The condensed consolidated financial statements include the results of GCC and its five wholly-owned subsidiary companies: (a) ACS Colorado Corp., a Colorado corporation formed in 2013; (b) Advanced Cannabis Solutions Corporation, a Colorado corporation formed in 2013; (c) 6565 E. Evans Avenue LLC, a Colorado limited liability company formed in 2014; (d) General Cannabis Capital Corporation, a Colorado corporation formed in 2015; and (e) GC Security LLC (&#8220;GCS&#8221;), a Colorado limited liability company formed in 2015. &#160;Advanced Cannabis Solutions Corporation has one wholly-owned subsidiary company, ACS Corp., which was formed in Colorado on June 6, 2013. &#160;Intercompany accounts and transactions have been eliminated.</p><br/><p style="margin:0px">Certain reclassifications have been made to the prior period condensed consolidated financial statements to conform to the current period presentation. The reclassifications had no effect on net loss, total assets, or total stockholders&#8217; equity (deficit).</p><br/><p style="margin:0px"><b>Going Concern</b></p><br/><p style="margin:0px">The condensed consolidated financial statements have been prepared on a going concern basis, which assumes we will be able to realize our assets and discharge our liabilities in the normal course of business for the foreseeable future.&#160;&#160;The ability to continue as a going concern is dependent upon our generating profitable operations in the future and / or obtaining the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. Management believes that actions presently being taken to further implement our business plan and generate additional revenues provide opportunity for the Company to continue as a going concern.&#160;&#160;While we believe in the viability of our strategy to generate additional revenues and our ability to raise additional funds, there can be no assurances to that effect.</p><br/><p style="margin:0px">We had an accumulated deficit of $33,399,175 and $16,427,378, respectively, at September 30, 2016 and December&#160;31, 2015, and further losses are anticipated in the development of our business. Accordingly, there is substantial doubt about our ability to continue as a going concern. The accompanying condensed consolidated financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.</p><br/><p style="margin:0px; page-break-before:always"><b>Significant Accounting Policy Updates</b></p><br/><p style="margin:0px"><font style="text-decoration:underline">Debt and Derivative Liability</font></p><br/><p style="margin:0px">If we issue debt with warrants that have certain terms, such as a clause requiring repricing, the warrants are considered to be a derivative that is recorded as a liability at fair value. &#160;If the initial value of the warrant derivative liability is higher than the fair value of the associated debt, the excess is recognized immediately as interest expense. &#160;The warrant derivative liability is adjusted to its fair value at the end of each reporting period, with the change being recorded as expense. &#160;Due to the complexity of such warrant derivatives, we use the binomial model to estimate their fair value. &#160;The derivative warrant liability is a level three fair value measurement.</p><br/><p style="margin:0px"><font style="text-decoration:underline">Modification of Debt Instruments</font></p><br/><p style="margin:0px">Modifications or exchanges of debt, which are not considered a troubled debt restructuring, are considered extinguishments if the terms of the new debt and the original instrument are substantially different. &#160;The instruments are considered substantially different when the present value of the cash flows under the terms of the new debt instrument are at least 10% different from the present value of the remaining cash flows under the terms of the original instrument. &#160;The fair value of non-cash consideration associated with the new debt instrument, such as warrants, are included as a day one cash flow in the 10% cash flow test. &#160;If the original and new debt instruments are substantially different, the original debt is derecognized and the new debt is initially recorded at fair value, with the difference recognized as an extinguishment gain or loss.</p><br/><p style="margin:0px"><b>Recently Issued Accounting Standards</b></p><br/><p style="margin:0px"><i>Financial Accounting Standards Board, or FASB, Accounting Standards Update, or FASB ASU 2016-15 &#8220;Statement of Cash Flows (Topic 230)&#8221; &#8211; </i>In August 2016, the FASB issued 2016-15. &#160;Stakeholders indicated that there is a diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. &#160;ASU 2016-15 addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. &#160;This ASU is effective for annual reporting periods beginning after December 15, 2017, and interim periods within those fiscal years. &#160;Early adoption is permitted. &#160;Adoption of this ASU will not have a significant impact on our statement of cash flows.</p><br/><p style="margin:0px"><i>FASB ASU 2016-12 &#8220;Revenue from Contracts with Customers (Topic 606)&#8221;</i> &#8211; In May 2016, the FASB issued 2016-12. &#160;The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. &#160;ASU 2016-12 provides clarification on assessing collectability, presentation of sales taxes, noncash consideration, and completed contracts and contract modifications. &#160;This ASU is effective for annual reporting periods beginning after December 15, 2017, with the option to adopt as early as December 15, 2016. We are currently assessing the impact of adoption of this ASU on our consolidated results of operations, cash flows and financial position.</p><br/><p style="margin:0px"><i>FASB ASU 2016-11 &#8220;Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815)&#8221;</i> &#8211; In May 2016, the FASB issued 2016-11, which clarifies guidance on assessing whether an entity is a principal or an agent in a revenue transaction. &#160;This conclusion impacts whether an entity reports revenue on a gross or net basis. &#160;This ASU is effective for annual reporting periods beginning after December 15, 2017, with the option to adopt as early as December 15, 2016. We are currently assessing the impact of adoption of this ASU on our consolidated results of operations, cash flows and financial position.</p><br/><p style="margin:0px"><i>FASB ASU 2016-10 &#8220;Revenue from Contracts with Customers (Topic 606)&#8221;</i> &#8211; In April 2016, the FASB issued ASU 2016-10, clarify identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. &#160;This ASU is effective for annual reporting periods beginning after December 15, 2017, with the option to adopt as early as December 15, 2016. We are currently assessing the impact of adoption of this ASU on our consolidated results of operations, cash flows and financial position.</p><br/><p style="margin:0px"><i>FASB ASU 2016-09 &#8220;Compensation &#8211; Stock Compensation (Topic 718)&#8221;</i> &#8211; In March 2016, the FASB issued ASU 2016-09, which includes multiple provisions intended to simplify various aspects of accounting for share-based payments. &#160;While aimed at reducing the cost and complexity of the accounting for share-based payments, the amendments are expected to significantly impact net income, earnings per share, and the statement of cash flows. &#160;Implementation and administration may present challenges for companies with significant share-based payment activities. &#160;This ASU is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. &#160;We are currently evaluating the potential impact this standard will have on our consolidated financial statements and related disclosures.</p><br/><p style="margin:0px; page-break-before:always"><i>FASB ASU 2016-02 &#8220;Leases (Topic 842)&#8221; &#8211; </i>In February 2016, the FASB issued ASU 2016-02, which will require lessees to recognize almost all leases on their balance sheet as a right-of-use asset and a lease liability. &#160;For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. &#160;Classification will be based on criteria that are largely similar to those applied in current lease accounting, but without explicit bright lines. &#160;Lessor accounting is similar to the current model, but updated to align with certain changes to the lessee model and the new revenue recognition standard. &#160;This ASU is effective for fiscal years beginning after December 18, 2018, including interim periods within those fiscal years. &#160;We are currently evaluating the potential impact this standard will have on our consolidated financial statements and related disclosures.</p><br/> <p style="margin:0px"><b>Nature of Operations</b></p><br/><p style="margin:0px">General Cannabis Corporation (the &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; or &#8220;GCC&#8221;) (formerly, Advanced Cannabis Solutions, Inc.), was incorporated in Colorado on June 3, 2013, and provides products and services to the regulated cannabis industry. &#160;On April 28, 2015, our common stock was uplisted and resumed quotation on the OTC Market&#8217;s OTCQB on May 6, 2015. &#160;Our operations are segregated into the following four reportable segments:</p><br/><p style="margin:0px"><font style="text-decoration:underline">Security and Cash Management Services</font></p><br/><p style="margin:0px">In March 2015, we acquired substantially all of the assets of Iron Protection Group, LLC, a Colorado limited liability company, which continues to do business as &#8220;Iron Protection Group.&#8221; Iron Protection Group (&#8220;IPG&#8221;) provides advanced security, including on-site professionals, video surveillance and cash transport, to licensed cannabis cultivators and retail shops. As of September 30, 2016, IPG had approximately 71 security guards on staff who serve 16 clients throughout Colorado.</p><br/><p style="margin:0px"><font style="text-decoration:underline">Marketing and Products</font></p><br/><p style="margin:0px">In September 2015, we acquired substantially all of the assets of Chiefton Supply Co., and established a dba of Chiefton Supply Co., incorporated in Colorado (&#8220;Chiefton&#8221;). &#160;Chiefton is an apparel and design company. &#160;Chiefton Supply designs, distributes and sells apparel featuring graphic designs. &#160;Our apparel is purchased and screen printed by third parties, for which there are numerous suppliers. &#160;Chiefton Design provides design, branding and marketing strategy consulting services to the cannabis community.</p><br/><p style="margin:0px">In April 2016, we relaunched GC Supply, dedicated to providing wholesale equipment and supplies to participants in the regulated cannabis industry. &#160;We provide turnkey sourcing and stocking services to cultivation, retail and infused products manufacturing facilities. &#160;Offerings will include infrastructure, equipment, consumables, various delivery technologies (vaporizers and capsules) and compliance packaging. &#160;GC Supply operates out of a leased, 1,800 square-foot warehouse located in Colorado Springs, Colorado.</p><br/><p style="margin:0px"><font style="text-decoration:underline">Consulting and Advisory</font></p><br/><p style="margin:0px">Through Next Big Crop we deliver comprehensive cannabis industry consulting services that include obtaining licenses, compliance, cultivation, retail operations, logistical support, facility design and building services, and expansion of existing operations. Next Big Crop&#8217;s business plan is based on the future growth of the regulated cannabis market in the United States.</p><br/><p style="margin:0px"><font style="text-decoration:underline">Finance and Real Estate</font></p><br/><p style="margin:0px"><i>Real Estate Leasing</i></p><br/><p style="margin:0px">We own a cultivation property in a suburb of Pueblo, Colorado, consisting of approximately three acres of land, which currently includes a 5,000 square foot steel building and parking lot. The property is zoned for cultivating cannabis and is leased to a medical cannabis grower until December 31, 2022.</p><br/><p style="margin:0px">Our real estate leasing business plan includes the potential future acquisition and leasing of cultivation space and related facilities to licensed marijuana growers and dispensary owners for their operations. Management anticipates that these facilities would range in size from 5,000 to 50,000 square feet. These facilities would only be leased to tenants that possess the requisite state licenses to operate cultivation facilities. The leases with the tenants would include certain requirements that permit us to continually evaluate our tenants&#8217; compliance with applicable laws and regulations.</p><br/><p style="margin:0px"><i>Shared Office Space, Networking and Event Services&#160;&#160;&#160;</i></p><br/><p style="margin:0px">In October 2014, we purchased a former retail bank located at 6565 East Evans Avenue, Denver, Colorado 80224, which has been branded as The Greenhouse (&#8220;The Greenhouse&#8221;). &#160;The building is a 16,056 square-foot facility, which we use as our corporate headquarters and Chiefton&#8217;s retail location. </p><br/><p style="margin:0px; page-break-before:always">The Greenhouse has approximately 10,000 square feet of existing office space and 5,000 square feet on its ground floor that is dedicated to a consumer banking design. &#160;We continue to assess the opportunity to lease shared workspace for entrepreneurs, professionals and others serving the cannabis industry. &#160;Clients would be able to lease space to use as offices, meeting rooms, lecture, educational and networking facilities, and individual workstations.</p><br/><p style="margin:0px"><i>Industry Finance</i></p><br/><p style="margin:0px">Our industry finance strategy includes evaluating opportunities to make direct term loans or to provide revolving lines of credit to businesses involved in the cultivation and sale of cannabis and related products. &#160;These loans would generally be secured to the maximum extent permitted by law. &#160;We believe there is a significant demand for this financing. &#160;We are assessing other finance services including customized finance, capital formation, and banking, for participants in the cannabis industry.</p><br/><p style="margin:0px">On November 4, 2015, we entered into an agreement (the &#8220;DB Option Agreement&#8221;) with Infinity Capital, a related party, which was amended on March 29, 2016 (the &#8220;Amended DB Option Agreement&#8221;) and on September 16, 2016 (the &#8220;Second Amended DB Option Agreement&#8221;). &#160;Pursuant to the Amended DB Option Agreement, we have the right to purchase all of Infinity Capital&#8217;s interest in DB Products Arizona, LLC (&#8220;DB&#8221;) at Infinity Capital&#8217;s actual cost, plus $1.00, or $800,001. The interests for which the option has been granted are Infinity Capital&#8217;s 50% equity interest in the membership interests of DB, and any outstanding unpaid principal and interest owed on promissory note(s) issued by DB in favor of Infinity Capital for up to $800,000. &#160;DB is involved in the production and distribution of Dixie Brands, Inc.&#8217;s full line of medical cannabis &#8220;Dixie Elixirs and Edibles&#8221; products in Arizona. &#160;DB expects to begin sales in 2016. &#160;We have no obligation to exercise the option, which expires September 30, 2018.</p> 4 71 16 1800 5000 5000 50000 16056 10000 5000 800001 0.50 800000 2018-09-30 <p style="margin:0px"><b>Basis of Presentation</b></p><br/><p style="margin:0px">The accompanying (a) condensed consolidated balance sheet at December&#160;31, 2015, has been derived from audited financial statements and (b) condensed consolidated unaudited financial statements as of September 30, 2016 and 2015, have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements, and should be read in conjunction with the audited consolidated financial statements and related footnotes included in our Annual Report on Form 10-K for the year ended December&#160;31, 2015 (the &#8220;2015 Annual Report&#8221;), filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;) on March 25, 2016. &#160;It is management&#8217;s opinion, however, that all material adjustments (consisting of normal recurring adjustments), have been made which are necessary for a fair financial statements presentation. The condensed consolidated financial statements include all material adjustments (consisting of normal recurring accruals) necessary to make the condensed consolidated financial statements not misleading as required by Regulation S-X, Rule 10-01. Operating results for the three and nine months ended September 30, 2016, are not necessarily indicative of the results of operations expected for the year ending December&#160;31, 2016.</p><br/><p style="margin:0px">The condensed consolidated financial statements include the results of GCC and its five wholly-owned subsidiary companies: (a) ACS Colorado Corp., a Colorado corporation formed in 2013; (b) Advanced Cannabis Solutions Corporation, a Colorado corporation formed in 2013; (c) 6565 E. Evans Avenue LLC, a Colorado limited liability company formed in 2014; (d) General Cannabis Capital Corporation, a Colorado corporation formed in 2015; and (e) GC Security LLC (&#8220;GCS&#8221;), a Colorado limited liability company formed in 2015. &#160;Advanced Cannabis Solutions Corporation has one wholly-owned subsidiary company, ACS Corp., which was formed in Colorado on June 6, 2013. &#160;Intercompany accounts and transactions have been eliminated.</p><br/><p style="margin:0px">Certain reclassifications have been made to the prior period condensed consolidated financial statements to conform to the current period presentation. The reclassifications had no effect on net loss, total assets, or total stockholders&#8217; equity (deficit).</p> 5 <p style="margin:0px"><b>Going Concern</b></p><br/><p style="margin:0px">The condensed consolidated financial statements have been prepared on a going concern basis, which assumes we will be able to realize our assets and discharge our liabilities in the normal course of business for the foreseeable future.&#160;&#160;The ability to continue as a going concern is dependent upon our generating profitable operations in the future and / or obtaining the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. Management believes that actions presently being taken to further implement our business plan and generate additional revenues provide opportunity for the Company to continue as a going concern.&#160;&#160;While we believe in the viability of our strategy to generate additional revenues and our ability to raise additional funds, there can be no assurances to that effect.</p><br/><p style="margin:0px">We had an accumulated deficit of $33,399,175 and $16,427,378, respectively, at September 30, 2016 and December&#160;31, 2015, and further losses are anticipated in the development of our business. Accordingly, there is substantial doubt about our ability to continue as a going concern. The accompanying condensed consolidated financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.</p> <p style="margin:0px; page-break-before:always"><b>Significant Accounting Policy Updates</b></p><br/><p style="margin:0px"><font style="text-decoration:underline">Debt and Derivative Liability</font></p><br/><p style="margin:0px">If we issue debt with warrants that have certain terms, such as a clause requiring repricing, the warrants are considered to be a derivative that is recorded as a liability at fair value. &#160;If the initial value of the warrant derivative liability is higher than the fair value of the associated debt, the excess is recognized immediately as interest expense. &#160;The warrant derivative liability is adjusted to its fair value at the end of each reporting period, with the change being recorded as expense. &#160;Due to the complexity of such warrant derivatives, we use the binomial model to estimate their fair value. &#160;The derivative warrant liability is a level three fair value measurement.</p><br/><p style="margin:0px"><font style="text-decoration:underline">Modification of Debt Instruments</font></p><br/><p style="margin:0px">Modifications or exchanges of debt, which are not considered a troubled debt restructuring, are considered extinguishments if the terms of the new debt and the original instrument are substantially different. &#160;The instruments are considered substantially different when the present value of the cash flows under the terms of the new debt instrument are at least 10% different from the present value of the remaining cash flows under the terms of the original instrument. &#160;The fair value of non-cash consideration associated with the new debt instrument, such as warrants, are included as a day one cash flow in the 10% cash flow test. &#160;If the original and new debt instruments are substantially different, the original debt is derecognized and the new debt is initially recorded at fair value, with the difference recognized as an extinguishment gain or loss.</p> 0.10 <p style="margin:0px"><b>Recently Issued Accounting Standards</b></p><br/><p style="margin:0px"><i>Financial Accounting Standards Board, or FASB, Accounting Standards Update, or FASB ASU 2016-15 &#8220;Statement of Cash Flows (Topic 230)&#8221; &#8211; </i>In August 2016, the FASB issued 2016-15. &#160;Stakeholders indicated that there is a diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. &#160;ASU 2016-15 addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. &#160;This ASU is effective for annual reporting periods beginning after December 15, 2017, and interim periods within those fiscal years. &#160;Early adoption is permitted. &#160;Adoption of this ASU will not have a significant impact on our statement of cash flows.</p><br/><p style="margin:0px"><i>FASB ASU 2016-12 &#8220;Revenue from Contracts with Customers (Topic 606)&#8221;</i> &#8211; In May 2016, the FASB issued 2016-12. &#160;The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. &#160;ASU 2016-12 provides clarification on assessing collectability, presentation of sales taxes, noncash consideration, and completed contracts and contract modifications. &#160;This ASU is effective for annual reporting periods beginning after December 15, 2017, with the option to adopt as early as December 15, 2016. We are currently assessing the impact of adoption of this ASU on our consolidated results of operations, cash flows and financial position.</p><br/><p style="margin:0px"><i>FASB ASU 2016-11 &#8220;Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815)&#8221;</i> &#8211; In May 2016, the FASB issued 2016-11, which clarifies guidance on assessing whether an entity is a principal or an agent in a revenue transaction. &#160;This conclusion impacts whether an entity reports revenue on a gross or net basis. &#160;This ASU is effective for annual reporting periods beginning after December 15, 2017, with the option to adopt as early as December 15, 2016. We are currently assessing the impact of adoption of this ASU on our consolidated results of operations, cash flows and financial position.</p><br/><p style="margin:0px"><i>FASB ASU 2016-10 &#8220;Revenue from Contracts with Customers (Topic 606)&#8221;</i> &#8211; In April 2016, the FASB issued ASU 2016-10, clarify identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. &#160;This ASU is effective for annual reporting periods beginning after December 15, 2017, with the option to adopt as early as December 15, 2016. We are currently assessing the impact of adoption of this ASU on our consolidated results of operations, cash flows and financial position.</p><br/><p style="margin:0px"><i>FASB ASU 2016-09 &#8220;Compensation &#8211; Stock Compensation (Topic 718)&#8221;</i> &#8211; In March 2016, the FASB issued ASU 2016-09, which includes multiple provisions intended to simplify various aspects of accounting for share-based payments. &#160;While aimed at reducing the cost and complexity of the accounting for share-based payments, the amendments are expected to significantly impact net income, earnings per share, and the statement of cash flows. &#160;Implementation and administration may present challenges for companies with significant share-based payment activities. &#160;This ASU is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. &#160;We are currently evaluating the potential impact this standard will have on our consolidated financial statements and related disclosures.</p><br/><p style="margin:0px; page-break-before:always"><i>FASB ASU 2016-02 &#8220;Leases (Topic 842)&#8221; &#8211; </i>In February 2016, the FASB issued ASU 2016-02, which will require lessees to recognize almost all leases on their balance sheet as a right-of-use asset and a lease liability. &#160;For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. &#160;Classification will be based on criteria that are largely similar to those applied in current lease accounting, but without explicit bright lines. &#160;Lessor accounting is similar to the current model, but updated to align with certain changes to the lessee model and the new revenue recognition standard. &#160;This ASU is effective for fiscal years beginning after December 18, 2018, including interim periods within those fiscal years. &#160;We are currently evaluating the potential impact this standard will have on our consolidated financial statements and related disclosures.</p> <p style="margin:0px"><b>NOTE 2.</b>&#160;&#160;&#160;<b>BUSINESS ACQUISITIONS</b></p><br/><p style="margin:0px"><b>IPG Acquisition</b></p><br/><p style="margin:0px">On March 26, 2015, GCS, our wholly-owned subsidiary, entered into an Asset Purchase Agreement (the &#8220;IPG APA&#8221;) by and among us, GCS and Iron Protection Group, LLC, a Colorado limited liability company (the &#8220;Seller&#8221;), whereby GCS agreed to acquire substantially all of the assets of Seller (the &#8220;IPG Acquisition&#8221;). Pursuant to the terms of the IPG APA, we delivered to Seller 500,000 restricted shares of our common stock, which vested over a one-year period (100,000 shares on October 1, 2015; 200,000 shares on January 1, 2016; and 200,000 shares on April 1, 2016).</p><br/><p style="margin:0px">In addition, we delivered to Seller three-year warrants (the &#8220;IPG Warrants&#8221;) to purchase an aggregate of 500,000 shares of our common stock at an exercise price of: (i) $4.50 for warrants to purchase 250,000 shares, and (ii) $5.00 for warrants to purchase another 250,000 shares. The IPG APA contains certain provisions that require Seller to forfeit a portion of the stock consideration in the event that Seller violates its obligations under the IPG APA relating to non-competition and non-disclosure. The closing date of the IPG Acquisition was March 26, 2015, and we calculated the purchase price of the IPG Acquisition to be approximately $1,887,000. At the acquisition date and pursuant to the IPG APA, we did not assume any of the Seller&#8217;s liabilities and there were no tangible assets of significance.</p><br/><p style="margin:0px">The aggregate consideration was as follows:</p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336;"></td><td style="width: 16.667;"></td><td style="width: 87;"></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">Common stock payable</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">1,054,000</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">Warrants issued with $4.50 exercise price</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">421,000</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">Warrants issued with $5.00 exercise price</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">412,000</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; border-bottom:3px double #000000; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">1,887,000</p> </td></tr> </table><br/><p style="margin:0px">The 500,000 shares of common stock were valued based on the closing price per share on March 26, 2015, or $2.48, reduced by a discount of 15% due to restrictions in the ability to trade our common stock. &#160;The $1,054,000 value of stock consideration was originally recorded as accrued stock payable on the condensed consolidated balance sheet, which was then reduced as we issued common stock according to the vesting schedule. &#160;As of September 30, 2016, all common stock has been issued.</p><br/><p style="margin:0px">The purchase price allocation was as follows:</p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336;"></td><td style="width: 16.667;"></td><td style="width: 87;"></td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">Intangible assets:</p> </td><td style="margin-top:0px; width: 16.667;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 87;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px; padding-left:4.333px">Customer relationship intangible</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">1,000,000</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px; padding-left:4.333px">Marketing-related intangibles</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">200,000</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px; padding-left:4.333px">Non-compete agreements</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">500,000</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px; padding-left:4.333px">Goodwill</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">187,000</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">1,887,000</p> </td></tr> </table><br/><p style="margin:0px">We finalized the purchase price allocation in the fourth quarter of the year ended December 31, 2015.&#160;</p><br/><p style="margin:0px">In connection with our acquisition of IPG, we agreed to issue to the sole shareholder of the Seller 100,000 fully vested warrants to purchase shares of our common stock if revenues of the Security segment exceeded $3,000,000 for the year ended December 31, 2015, with an exercise price of $2.48. &#160;This condition was not met during the year ended December 31, 2015, so no value was recorded for these warrants.</p><br/><p style="margin:0px; page-break-before:always">The accompanying condensed consolidated financial statements include the results of IPG from the date of acquisition, March 26, 2015. &#160;The pro forma effects of the acquisition on the results of operations as if the transaction had been completed on January 1, 2015, are as follows:</p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336.467;"></td><td style="width: 19.2;"></td><td style="width: 138;"></td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 19.2;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 138;" valign="top"><p style="margin:0px; text-align: center;"><b>Nine months ended </b></p> <p style="margin:0px; text-align: center;"><b>September 30, 2015</b></p> <p style="margin:0px; text-align: center;">(Unaudited)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="top"><p style="margin:0px">Total net revenues</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-top:1px solid #000000; width: 138;" valign="bottom"><p style="margin:0px; text-align: right;">1,447,122</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="top"><p style="margin:0px">Net loss</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 138;" valign="bottom"><p style="margin:0px; text-align: right;">(6,822,689)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="top"><p style="margin:0px">Net loss per common share:</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 138;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="top"><p style="margin:0px">Basic and diluted</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; width: 138;" valign="bottom"><p style="margin:0px; text-align: right;">(0.48)</p> </td></tr> </table><br/><p style="margin:0px"><b>Chiefton Acquisition</b></p><br/><p style="margin:0px">On September 25, 2015, we closed an asset purchase agreement for the purchase of substantially all the assets of Chiefton Supply Co., a Colorado corporation, and established a dba within GCC of Chiefton. &#160;This acquisition expands our service offerings in the cannabis industry and provides a new revenue stream.</p><br/><p style="margin:0px">We acquired the Chiefton assets for consideration of 80,000 restricted shares of our common stock. &#160;The aggregate consideration was as follows:</p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336;"></td><td style="width: 19.667;"></td><td style="width: 138;"></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">Cash</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.667;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 138;" valign="bottom"><p style="margin:0px; text-align: right;">12,249</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">Common stock</p> </td><td style="margin-top:0px; width: 19.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 138;" valign="bottom"><p style="margin:0px; text-align: right;">69,400</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">Aggregate consideration</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.667;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 138;" valign="bottom"><p style="margin:0px; text-align: right;">81,649</p> </td></tr> </table><br/><p style="margin:0px">The value of the common stock consideration was estimated based on our closing common stock price on September 25, 2015, or $1.02 per share, reduced by a discount of 15% due to restrictions in the ability to trade our shares. &#160;The $69,400 value of stock consideration was originally included in accrued stock payable on the condensed consolidated balance sheet. &#160;As of September 30, 2016, all common stock has been issued.</p><br/><p style="margin:0px">The purchase price allocation is as follows:</p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336;"></td><td style="width: 19.667;"></td><td style="width: 138;"></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px; padding-left:4.333px">Inventory</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.667;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 138;" valign="bottom"><p style="margin:0px; text-align: right;">12,249</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px; padding-left:4.333px">Intangible assets &#8211; intellectual property</p> </td><td style="margin-top:0px; width: 19.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 138;" valign="bottom"><p style="margin:0px; text-align: right;">69,400</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.667;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-top:1px solid #000000; border-bottom:3px double #000000; width: 138;" valign="bottom"><p style="margin:0px; text-align: right;">81,649</p> </td></tr> </table><br/><p style="margin:0px">We finalized the purchase price allocation in the fourth quarter of the year ended December 31, 2015.&#160;</p><br/> 500000 100000 200000 200000 500000 4.50 250000 5.00 250000 1887000 2.48 0.15 1054000 100000 3000000 2.48 80000 1.02 0.15 69400 The aggregate consideration was as follows:<br /><br /><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336;"></td><td style="width: 16.667;"></td><td style="width: 87;"></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">Common stock payable</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">1,054,000</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">Warrants issued with $4.50 exercise price</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">421,000</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">Warrants issued with $5.00 exercise price</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">412,000</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; border-bottom:3px double #000000; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">1,887,000</p> </td></tr> </table> 1054000 421000 412000 1887000 The purchase price allocation is as follows:<br /><br /><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336;"></td><td style="width: 16.667;"></td><td style="width: 87;"></td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">Intangible assets:</p> </td><td style="margin-top:0px; width: 16.667;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 87;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px; padding-left:4.333px">Customer relationship intangible</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">1,000,000</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px; padding-left:4.333px">Marketing-related intangibles</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">200,000</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px; padding-left:4.333px">Non-compete agreements</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">500,000</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px; padding-left:4.333px">Goodwill</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">187,000</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">1,887,000</p> </td></tr> </table> 1000000 200000 500000 187000 1887000 The pro forma effects of the acquisition on the results of operations as if the transaction had been completed on January 1, 2015, are as follows:<br /><br /><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336.467;"></td><td style="width: 19.2;"></td><td style="width: 138;"></td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 19.2;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 138;" valign="top"><p style="margin:0px; text-align: center;"><b>Nine months ended </b></p> <p style="margin:0px; text-align: center;"><b>September 30, 2015</b></p> <p style="margin:0px; text-align: center;">(Unaudited)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="top"><p style="margin:0px">Total net revenues</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-top:1px solid #000000; width: 138;" valign="bottom"><p style="margin:0px; text-align: right;">1,447,122</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="top"><p style="margin:0px">Net loss</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 138;" valign="bottom"><p style="margin:0px; text-align: right;">(6,822,689)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="top"><p style="margin:0px">Net loss per common share:</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 138;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="top"><p style="margin:0px">Basic and diluted</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; width: 138;" valign="bottom"><p style="margin:0px; text-align: right;">(0.48)</p> </td></tr> </table> 1447122 -6822689 -0.48 The aggregate consideration was as follows:<br /><br /><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336;"></td><td style="width: 19.667;"></td><td style="width: 138;"></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">Cash</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.667;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 138;" valign="bottom"><p style="margin:0px; text-align: right;">12,249</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">Common stock</p> </td><td style="margin-top:0px; width: 19.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 138;" valign="bottom"><p style="margin:0px; text-align: right;">69,400</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">Aggregate consideration</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.667;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 138;" valign="bottom"><p style="margin:0px; text-align: right;">81,649</p> </td></tr> </table> 12249 -69400 81649 The purchase price allocation is as follows:<br /><br /><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336;"></td><td style="width: 19.667;"></td><td style="width: 138;"></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px; padding-left:4.333px">Inventory</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.667;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 138;" valign="bottom"><p style="margin:0px; text-align: right;">12,249</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px; padding-left:4.333px">Intangible assets &#8211; intellectual property</p> </td><td style="margin-top:0px; width: 19.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 138;" valign="bottom"><p style="margin:0px; text-align: right;">69,400</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.667;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-top:1px solid #000000; border-bottom:3px double #000000; width: 138;" valign="bottom"><p style="margin:0px; text-align: right;">81,649</p> </td></tr> </table> 12249 69400 81649 <p style="margin:0px"><b>NOTE 3.&#160;&#160;&#160;LONG-LIVED ASSETS</b></p><br/><p style="margin:0px"><b>Property and Equipment</b></p><br/><p style="margin:0px">Depreciation expense was $11,944 and $5,574, respectively, for the three months ended September 30, 2016 and 2015, and $36,070 and $16,723, respectively, for the nine months ended September 30, 2016 and 2015. &#160;We have not recognized any impairment as of September 30, 2016.</p><br/><p style="margin:0px"><b>Intangible Assets</b></p><br/><p style="margin:0px">Intangible assets consisted of the following as of September 30, 2016:</p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 223.667;"></td><td style="width: 18;"></td><td style="width: 78;"></td><td style="width: 18;"></td><td style="width: 96;"></td><td style="width: 18;"></td><td style="width: 78;"></td><td style="width: 18;"></td><td style="width: 76.333;"></td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Gross</b></p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 96;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Accumulated Amortization</b></p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Net</b></p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 76.333;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Estimated Life</b></p> <p style="margin:0px; text-align: center;">(in years)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Customer relationship intangible</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-right:-5.267px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; text-align: right;">1,000,000</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 96;" valign="bottom"><p style="margin:0px; text-align: right;">151,782</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; text-align: right;">848,218</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 76.333;" valign="top"><p style="margin:0px; text-align: center;">10</p> </td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px">Marketing-related intangibles</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="bottom"><p style="margin:0px; text-align: right;">200,000</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 96;" valign="bottom"><p style="margin:0px; text-align: right;">60,712</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="bottom"><p style="margin:0px; text-align: right;">139,288</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 76.333;" valign="top"><p style="margin:0px; text-align: center;">5</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Non-compete agreements</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; text-align: right;">500,000</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 96;" valign="bottom"><p style="margin:0px; text-align: right;">252,968</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; text-align: right;">247,032</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 76.333;" valign="top"><p style="margin:0px; text-align: center;">3</p> </td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px">Chiefton brand and graphic designs</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: right;">69,400</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 96;" valign="bottom"><p style="margin:0px; text-align: right;">35,270</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: right;">34,130</p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 76.333;" valign="top"><p style="margin:0px; text-align: center;">2</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Intangible assets, net</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-right:-5.267px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: right;">1,769,400</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 96;" valign="bottom"><p style="margin:0px; text-align: right;">500,732</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: right;">1,268,668</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 76.333;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> </table><br/><p style="margin:0px; page-break-before:always">Amortization expense was $86,044 and $55,452, respectively, for the three months ended September 30, 2016 and 2015, and $256,259 and $113,315, respectively, for the nine months ended September 30, 2016 and 2015. &#160;We have not recognized any impairment as of September 30, 2016.</p><br/><p style="margin:0px"><b>Goodwill</b></p><br/><p style="margin:0px">In connection with our purchase of IPG, we recorded goodwill of $187,000. We have not recognized any impairment as of September 30, 2016.</p><br/> 11944 5574 36070 16723 86044 55452 256259 113315 187000 Intangible assets consisted of the following as of September 30, 2016:<br /><br /><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 223.667;"></td><td style="width: 18;"></td><td style="width: 78;"></td><td style="width: 18;"></td><td style="width: 96;"></td><td style="width: 18;"></td><td style="width: 78;"></td><td style="width: 18;"></td><td style="width: 76.333;"></td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Gross</b></p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 96;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Accumulated Amortization</b></p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Net</b></p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 76.333;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Estimated Life</b></p> <p style="margin:0px; text-align: center;">(in years)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Customer relationship intangible</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-right:-5.267px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; text-align: right;">1,000,000</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 96;" valign="bottom"><p style="margin:0px; text-align: right;">151,782</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; text-align: right;">848,218</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 76.333;" valign="top"><p style="margin:0px; text-align: center;">10</p> </td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px">Marketing-related intangibles</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="bottom"><p style="margin:0px; text-align: right;">200,000</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 96;" valign="bottom"><p style="margin:0px; text-align: right;">60,712</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="bottom"><p style="margin:0px; text-align: right;">139,288</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 76.333;" valign="top"><p style="margin:0px; text-align: center;">5</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Non-compete agreements</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; text-align: right;">500,000</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 96;" valign="bottom"><p style="margin:0px; text-align: right;">252,968</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; text-align: right;">247,032</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 76.333;" valign="top"><p style="margin:0px; text-align: center;">3</p> </td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px">Chiefton brand and graphic designs</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: right;">69,400</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 96;" valign="bottom"><p style="margin:0px; text-align: right;">35,270</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: right;">34,130</p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 76.333;" valign="top"><p style="margin:0px; text-align: center;">2</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Intangible assets, net</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-right:-5.267px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: right;">1,769,400</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 96;" valign="bottom"><p style="margin:0px; text-align: right;">500,732</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: right;">1,268,668</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 76.333;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> </table> 1000000 151782 848218 P10Y 200000 60712 139288 P5Y 500000 252968 247032 P3Y 69400 35270 34130 P2Y 1769400 500732 1268668 <p style="margin:0px"><b>NOTE 4.&#160;&#160;&#160; DEBT</b></p><br/><p style="margin:0px"><b>Line of Credit &#8211; Related Party</b></p><br/><p style="margin:0px">In February 2015, we issued a senior secured note to Infinity Capital, LLC (&#8220;Infinity Capital&#8221;), as amended in April 2015, bearing 5% interest payable monthly in arrears commencing June 30, 2015 (the &#8220;Infinity Note&#8221;). &#160;&#160;Infinity Capital, an investment management company, was founded and is controlled by our chairman of the board, Michael Feinsod, a related party. &#160;On July 1, 2015, the outstanding principal and interest of $309,000 was settled by our issuing a 10% private placement note. &#160;Subsequent to the settlement on July 1, 2015, we continued to borrow under the Infinity Note. &#160;Interest expense for the Infinity Note for the nine months ended September 30, 2016, was approximately $26,540, and approximately $38,268 was accrued as of September 30, 2016. &#160;The maturity date of the Infinity Note was August 31, 2015, however, under the terms of the 12% Notes no payments may be made before those notes are retired.</p><br/><p style="margin:0px"><b>Notes Payable</b></p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 361.667;"></td><td style="width: 18;"></td><td style="width: 108;"></td><td style="width: 18;"></td><td style="width: 102;"></td></tr> <tr><td style="margin-top:0px; width: 361.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 108;" valign="bottom"><p style="margin:0px; text-align: center;"><b>September 30,</b></p> <p style="margin:0px; text-align: center;"><b>2016</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 102;" valign="bottom"><p style="margin:0px; text-align: center;"><b>December 31,</b></p> <p style="margin:0px; text-align: center;"><b>2015</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 361.667;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">12% September 2016 notes</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="bottom"><p style="margin:0px; text-align: right;">3,000,000</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-right:-7.733px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 102;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td></tr> <tr><td style="margin-top:0px; width: 361.667;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">10% private placement notes</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 108;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 102;" valign="bottom"><p style="margin:0px; text-align: right;">659,000</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 361.667;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">14% mortgage note payable (The Greenhouse)</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 102;" valign="bottom"><p style="margin:0px; text-align: right;">600,000</p> </td></tr> <tr><td style="margin-top:0px; width: 361.667;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">8.5% convertible note payable (Pueblo West Property)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 108;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 102;" valign="bottom"><p style="margin:0px; text-align: right;">158,307</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 361.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="bottom"><p style="margin:0px; text-align: right;">3,000,000</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 102;" valign="bottom"><p style="margin:0px; text-align: right;">1,417,307</p> </td></tr> <tr><td style="margin-top:0px; width: 361.667;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Unamortized debt discount</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 108;" valign="bottom"><p style="margin:0px; text-align: right;">(2,419,800)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 102;" valign="bottom"><p style="margin:0px; text-align: right;">(279,435)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 361.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="bottom"><p style="margin:0px; text-align: right;">580,200</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 102;" valign="bottom"><p style="margin:0px; text-align: right;">1,137,872</p> </td></tr> <tr><td style="margin-top:0px; width: 361.667;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Less: Current portion</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 108;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 102;" valign="bottom"><p style="margin:0px; text-align: right;">(986,475)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 361.667;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Long-term portion</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 108;" valign="bottom"><p style="margin:0px; text-align: right;">580,200</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-right:-7.733px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 102;" valign="bottom"><p style="margin:0px; text-align: right;">151,397</p> </td></tr> </table><br/><p style="margin:0px"><i><font style="text-decoration:underline">12% September 2016 Notes</font></i></p><br/><p style="margin:0px">In September 2016, we completed a $3,000,000 private placement pursuant to a promissory note and warrant purchase agreement (the &#8220;12% Agreement&#8221;) with certain accredited investors, bearing interest at 12%, with interest and principal due September 21, 2018 (each such note, a &#8220;12% Note,&#8221; and collectively, the &#8220;12% Notes&#8221;). &#160;In the event of default, the interest rate increases to 18%. &#160;The 12% Notes are collateralized by a security interest in substantially all of our assets. &#160;We may prepay the 12% Notes at any time, but in any event must pay at least one year of interest. &#160;</p><br/><p style="margin:0px">Subject to the terms and conditions of the 12% Agreement, each investor was granted fully-vested warrants equal to their note principal times three (the &#8220;12% Warrants&#8221;), or nine million warrants, with a life of three years. &#160;4.5 million warrants have an exercise price of $0.35 per share and the other 4.5 million warrants have an exercise price of $0.70 per share. &#160;Should we issue any equity-based instruments at a price lower than the exercise price(s) of the 12% Warrants, other than under our Incentive Plan, the exercise price(s) of the 12% Warrants will be adjusted to the lower price. &#160;The 12% Warrants may be exercised at the option of the holder (a) by paying cash, (b) by applying the amount due under the 12% Notes as consideration, or (c) if there is no effective registration statement for the 12% Warrants within six months of being granted, the holder may exercise on a cashless basis. &#160;Since the 12% Warrants include a clause requiring repricing, the warrants are considered to be a derivative that is recorded as a liability at fair value.</p><br/><p style="margin:0px">We received $2,450,000 of cash for issuing the 12% Notes. &#160;$300,000 of 10% Notes and $250,000 of the 14% Mortgage Note Payable were converted into 12% Notes. &#160;We concluded that these conversions met the criteria for a debt extinguishment and, accordingly, recorded a loss on extinguishment of $1,728,280 for the three and nine months ended September 30, 2016. &#160;The loss on extinguishment represents the fair value of the 12% Warrants issued to the previous 10% Note holders and the 14% Mortgage Note Payable lender. &#160;The fair value of the 12% Warrants not associated with the conversions was recorded as a debt discount of $2,450,000 and interest expense of $5,189,000. &#160;The 12% Notes are otherwise treated as conventional debt.</p><br/><p style="margin:0px; page-break-before:always"><i><font style="text-decoration:underline">8% August 2016 Notes</font></i></p><br/><p style="margin:0px">In August 2016, we completed a private placement pursuant to a promissory note and warrant purchase agreement (the &#8220;8% Notes&#8221;) with two accredited investors, bearing interest at 8%, payable on demand by the lenders. &#160;Subject to the terms of the 8% Notes, we issued 100,000 warrants having an exercise price of $0.78 per share, with a life of three years. &#160;We received cash of $50,000. &#160;The debt is treated as conventional debt and the fair value of the warrants is included in additional paid-in capital. &#160;Since the 8% Notes are payable on demand, the $31,100 fair value of the warrants was expensed immediately, included in amortization of debt discount on the condensed statements of operations for the three and nine months ended September 30, 2016. &#160;One of the 8% Notes was with one of our board members. &#160;Both 8% Notes were paid off with proceeds from the 12% Notes in September 2016.</p><br/><p style="margin:0px"><i><font style="text-decoration:underline">10% Private Placement Notes</font></i></p><br/><p style="margin:0px">In September 2016, we extinguished the 10% Notes by paying cash of $359,000 and converting $300,000 into 12% Notes.</p><br/><p style="margin:0px">In 2015, we completed a private placement pursuant to a promissory note and warrant purchase agreement (the &#8220;10% Agreement&#8221;) with certain accredited investors, bearing interest at 10% payable quarterly (each such note, a &#8220;10% Note,&#8221; and collectively, the &#8220;10% Notes&#8221;). &#160;Subject to the terms and conditions of the 10% Agreement, each investor is granted fully-vested warrants equal to their note principal divided by two (the &#8220;10% Warrants&#8221;) (with standard dilution clauses). &#160;The 10% Warrants are exercisable for a period of eighteen months after grant date and have an exercise price of $1.08 per share. &#160;The debt is treated as conventional debt. &#160;The 10% Notes are collateralized by a security interest in substantially all of our assets.</p><br/><p style="margin:0px">$309,000 of the 10% Notes were due to a related party, Infinity Capital. &#160;For the nine months ended September 30, 2016, approximately $22,500 of interest expense under the 10% Notes relates to Infinity Capital. &#160;The Infinity Capital portion of the principle and accrued interest of the 10% Notes was settled for cash of $347,000, in September 2016.</p><br/><p style="margin:0px">On June 3, 2016, we reached an agreement with the 10% Note holders to extend the maturity date from May 1, 2016 to January 31, 2017. &#160;In exchange for the extension, we issued the holders an aggregate of 659,000 additional warrants to purchase our common stock at $1.07 per share for a period of five years, with an aggregate fair value of $358,000, determined using Black-Scholes, a risk-free rate of 1.2% and volatility of 151%. &#160;We concluded that this modification of the debt instruments met the criteria for a debt extinguishment and, accordingly, recorded additional paid-in capital and a loss on extinguishment of debt of $358,000 during the three months ended June 30, 2016, . &#160;Absent the warrants, the fair value of the new debt remained the same as the fair value of the original debt.</p><br/><p style="margin:0px"><i><font style="text-decoration:underline">14% Mortgage Note Payable (The Greenhouse)</font></i></p><br/><p style="margin:0px">In September 2016, we extinguished the Greenhouse Mortgage by paying cash of $350,000 and converting $250,000 into 12% Notes. &#160;The remaining unamortized debt discount of $13,280 was included in loss on extinguishment of debt in the condensed statements of operations during the three and nine months ended September 30, 2016.</p><br/><p style="margin:0px">In October 2014, we executed a mortgage on The Greenhouse in the amount of $600,000, bearing 14.0% interest payable monthly, with a maturity date of October&#160;21, 2016 (the &#8220;Greenhouse Mortgage&#8221;). &#160;The debt is treated as conventional debt.</p><br/><p style="margin:0px">In addition, we granted warrants to Evans Street Lendco LLC (&#8220;Evans Lendco&#8221;), the note holder of the Greenhouse Mortgage, which expire on October 21, 2016. &#160;The warrants vested immediately and allowed for Evans Lendco to purchase 600,000 shares of our common stock at a price of $4.40 per share, (with standard dilution clauses). &#160;Due to the drop in our stock price, on July 29, 2015, we agreed with Evans Lendco to replace the warrants previously issued to Evans Lendco with warrants to purchase 225,000 shares of our stock at $1.20 per share with a term of two years. &#160;The estimated fair value of the replacement warrants is less than the fair value of the original warrants on their date of grant. &#160;Accordingly, we continued to amortize the remaining fair value of the original warrants over the remaining life of the underlying debt until the debt was extinguished in September 2016.</p><br/><p style="margin:0px"><i><font style="text-decoration:underline">8.5% Convertible Note Payable (Pueblo West Property)</font></i></p><br/><p style="margin:0px">In September 2016, we extinguished the Pueblo Mortgage by paying cash of $153,189.</p><br/><p style="margin:0px">In December 2013, we executed a mortgage on our Pueblo West Property in the amount of $170,000, bearing 8.5% interest with monthly principal and interest payments totaling $1,674, with the balance due on December 31, 2018 (the &#8220;Pueblo Mortgage&#8221;). This note is convertible at any time at $5.00 per share. </p><br/><p style="margin:0px">Derivative treatment is not required, as the conversion feature meets the scope exception. The conversion feature is not beneficial, because the conversion price was higher than the stock price on the commitment date. &#160;Accordingly, we treated the Pueblo Mortgage as conventional debt.</p><br/><p style="margin:0px; page-break-before:always"><i><font style="text-decoration:underline">12% Convertible Notes</font></i></p><br/><p style="margin:0px"><i>Conversion of 12% Convertible Notes</i></p><br/><p style="margin:0px">During the year ended December 31, 2015, lenders converted $321,123 of 12% Convertible Notes for 64,225 shares of our common stock. &#160;The December 2013 Issuance and the January 2014 Issuance (collectively, the &#8220;12% Convertible Notes&#8221;) included a provision that if the trading stock price exceeded $10 for twenty consecutive trading days and the daily volume for those twenty consecutive trading days exceeds 25,000 shares, then the 12% Convertible Notes convert into shares of our common stock on or after December 1, 2015. &#160;As of April 24, 2014, these parameters were met. &#160;On December 1, 2015, the remaining $1,330,000 of convertible notes was automatically converted to 266,000 shares of our common stock.</p><br/><p style="margin:0px"><i>December 2013 Issuance</i></p><br/><p style="margin:0px">In December 2013, we entered into convertible promissory notes with various third parties totaling $530,000 (the &#8220;December 2013 Issuance&#8221;). The principal amounts of these notes&#160;ranged between $10,000 and $150,000. The notes required quarterly interest payments at 12%, and were convertible into shares of our common stock at a conversion rate of $5.00 per share (with standard dilution clauses). </p><br/><p style="margin:0px">Derivative treatment was not required, as the conversion feature met the scope exception. The conversion feature was not beneficial, because the conversion price was higher than the stock price on the commitment date. &#160;Accordingly, we treated the December 2013 Issuance as conventional debt.</p><br/><p style="margin:0px"><i>January 2014 Issuance</i></p><br/><p style="margin:0px">In January 2014, we entered into convertible promissory notes with various third parties totaling $1,605,000 (the &#8220;January 2014 Issuance&#8221;). The principal amounts of these notes&#160;ranged between $10,000 and $200,000. The notes required quarterly interest payments at 12%, and were convertible into shares of our common stock at a conversion rate of $5.00 per share (with standard dilution clauses).</p><br/><p style="margin:0px">Derivative treatment was not required, as the conversion feature met the scope exception. &#160;Since the initial conversion price was less than the market value of the common stock at the time of issuance, it was determined that a beneficial conversion feature existed. The intrinsic value of the beneficial conversion feature and the combined value of the debt discount resulted in a value greater than the value of the debt and, as such, the total discount was limited to the value of the debt balance of $1,605,000.</p><br/><p style="margin:0px">Annual maturities of long-term debt (excluding unamortized discount) for the next three years, consist of:</p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336;"></td><td style="width: 16.667;"></td><td style="width: 87;"></td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px"><b>Year ending December 31,</b></p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 87;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">2016</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">2017</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">2018</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">3,000,000</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; border-bottom:3px double #000000; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">3,000,000</p> </td></tr> </table><br/> 0.05 309000 26540 38268 3000000 0.12 2018-09-21 0.18 9000000 P3Y 4500000 0.35 4500000 0.70 2450000 300000 250000 1728280 1728280 2450000 5189000 0.08 100000 0.78 P3Y 50000 31100 359000 300000 P18M 1.08 309000 22500 347000 2017-01-31 659000 1.07 P5Y 358000 0.012 1.51 $358,000 350000 250000 13280 600000 0.140 2016-10-21 600000 4.40 225000 1.20 P2Y 153189 170000 0.085 1674 5.00 321123 64225 The December 2013 Issuance and the January 2014 Issuance (collectively, the &#8220;12% Convertible Notes&#8221;) included a provision that if the trading stock price exceeded $10 for twenty consecutive trading days and the daily volume for those twenty consecutive trading days exceeds 25,000 shares, then the 12% Convertible Notes convert into shares of our common stock on or after December 1, 2015. 10 20 25000 1330000 266000 530000 10000 150000 0.12 5.00 1605000 10000 200000 0.12 5.00 1605000 Notes Payable<br /><br /><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 361.667;"></td><td style="width: 18;"></td><td style="width: 108;"></td><td style="width: 18;"></td><td style="width: 102;"></td></tr> <tr><td style="margin-top:0px; width: 361.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 108;" valign="bottom"><p style="margin:0px; text-align: center;"><b>September 30,</b></p> <p style="margin:0px; text-align: center;"><b>2016</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 102;" valign="bottom"><p style="margin:0px; text-align: center;"><b>December 31,</b></p> <p style="margin:0px; text-align: center;"><b>2015</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 361.667;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">12% September 2016 notes</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="bottom"><p style="margin:0px; text-align: right;">3,000,000</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-right:-7.733px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 102;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td></tr> <tr><td style="margin-top:0px; width: 361.667;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">10% private placement notes</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 108;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 102;" valign="bottom"><p style="margin:0px; text-align: right;">659,000</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 361.667;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">14% mortgage note payable (The Greenhouse)</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 102;" valign="bottom"><p style="margin:0px; text-align: right;">600,000</p> </td></tr> <tr><td style="margin-top:0px; width: 361.667;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">8.5% convertible note payable (Pueblo West Property)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 108;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 102;" valign="bottom"><p style="margin:0px; text-align: right;">158,307</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 361.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="bottom"><p style="margin:0px; text-align: right;">3,000,000</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 102;" valign="bottom"><p style="margin:0px; text-align: right;">1,417,307</p> </td></tr> <tr><td style="margin-top:0px; width: 361.667;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Unamortized debt discount</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 108;" valign="bottom"><p style="margin:0px; text-align: right;">(2,419,800)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 102;" valign="bottom"><p style="margin:0px; text-align: right;">(279,435)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 361.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="bottom"><p style="margin:0px; text-align: right;">580,200</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 102;" valign="bottom"><p style="margin:0px; text-align: right;">1,137,872</p> </td></tr> <tr><td style="margin-top:0px; width: 361.667;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Less: Current portion</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 108;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 102;" valign="bottom"><p style="margin:0px; text-align: right;">(986,475)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 361.667;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Long-term portion</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 108;" valign="bottom"><p style="margin:0px; text-align: right;">580,200</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-right:-7.733px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 102;" valign="bottom"><p style="margin:0px; text-align: right;">151,397</p> </td></tr> </table> 3000000 659000 600000 158307 3000000 1417307 2419800 279435 580200 1137872 -986475 580200 151397 Annual maturities of long-term debt (excluding unamortized discount) for the next three years, consist of:<br /><br /><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336;"></td><td style="width: 16.667;"></td><td style="width: 87;"></td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px"><b>Year ending December 31,</b></p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 87;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">2016</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">2017</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">2018</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">3,000,000</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; border-bottom:3px double #000000; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">3,000,000</p> </td></tr> </table> 3000000 <p style="margin:0px"><b>NOTE 5. &#160;ACCRUED STOCK PAYABLE</b></p><br/><p style="margin:0px">The following tables summarize the changes in accrued common stock payable during the nine months ended September 30, 2016: </p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336.467;"></td><td style="width: 19.2;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 84.6;"></td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Amount</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84.6;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Number of Shares</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">December 31, 2015</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="top"><p style="margin:0px; text-align: right;">1,532,420</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-right:-7.733px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84.6;" valign="top"><p style="margin:0px; text-align: right;">730,000</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">IPG acquisition -- issued</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="top"><p style="margin:0px; text-align: right;">(843,200)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84.6;" valign="top"><p style="margin:0px; text-align: right;">(400,000)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Chiefton acquisition -- issued</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="top"><p style="margin:0px; text-align: right;">(69,400)</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84.6;" valign="top"><p style="margin:0px; text-align: right;">(80,000)</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Feinsod Agreement -- accrual</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="top"><p style="margin:0px; text-align: right;">192,800</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84.6;" valign="top"><p style="margin:0px; text-align: right;">--</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Consulting services -- accrual</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="top"><p style="margin:0px; text-align: right;">6,988</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84.6;" valign="top"><p style="margin:0px; text-align: right;">--</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Consulting services -- issued</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="top"><p style="margin:0px; text-align: right;">(25,000)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84.6;" valign="top"><p style="margin:0px; text-align: right;">(50,000)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Employment agreements -- accrual</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="top"><p style="margin:0px; text-align: right;">567</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84.6;" valign="top"><p style="margin:0px; text-align: right;">--</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Employment agreements -- issued</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="top"><p style="margin:0px; text-align: right;">(132,175)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84.6;" valign="top"><p style="margin:0px; text-align: right;">(50,000)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">September 30, 2016</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 84;" valign="top"><p style="margin:0px; text-align: right;">663,000</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-right:-7.733px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 84.6;" valign="top"><p style="margin:0px; text-align: right;">150,000</p> </td></tr> </table><br/><p style="margin:0px; page-break-before:always"><b>Feinsod Agreement</b></p><br/><p style="margin:0px">On August 4, 2014, we entered into an agreement with Michael Feinsod in consideration for serving as Executive Chairman of the Board and as a member of our Board of Directors (the &#8220;Board&#8221;) and pursuant to the terms of the Executive Board and Director Agreement (the &#8220;Feinsod Agreement&#8221;). &#160;The Board approved the issuance to Infinity Capital of (a) 200,000 shares of our common stock on August 4, 2014; (b) 1,000,000 shares of our common stock upon the uplisting of our common stock to the OTC Market&#8217;s OTCQB; (c) 150,000 shares of our common stock on August 4, 2015; and (d) 150,000 shares of our common stock on August 4, 2016. &#160;All shares, except the final tranche of 150,000 shares, have been issued as of September 30, 2016. &#160;Mr. Feinsod must remain a member of the Board in order for the common stock to be issued. &#160;In addition, the Feinsod Agreement requires the issuance of a number of shares of our common stock to Infinity Capital equal to 10% of any new issuances not to exceed 600,000 shares of our common stock in the aggregate during the time that Mr. Feinsod remains a member of the Board (the &#8220;New Issuance Allowance&#8221;). &#160;Under the terms of the Feinsod Agreement, the New Issuance Allowance will not be triggered upon issuances relating to convertible securities existing as of the date of the Feinsod Agreement. &#160;For illustrative purposes, if we issue 7,000,000 new shares of common stock, then the New Issuance Allowance issued to Infinity Capital would be capped at 600,000 shares of our common stock. &#160;No shares have been issued under the New Issuance Allowance.</p><br/><p style="margin:0px">The 1,000,000 shares of our common stock were valued at $2.97 per share, based on the closing price of our common stock of $3.49 on April 27, 2015, and then reduced by 15% due to restrictions on the ability to trade our shares. &#160;The other shares under the Feinsod Agreement were valued at $4.42 per share, based on the closing price of our common stock of $5.20 on August 4, 2014, and then reduced by 15% due to restriction on the ability to trade our common stock. &#160;We are recognizing expense for the unissued shares ratably over the vesting period.</p><br/><p style="margin:0px"><b>Employment Agreements</b></p><br/><p style="margin:0px">On May 13, 2015, we hired two individuals from Next Big Crop, an unaffiliated entity serving the cannabis industry, to service our new and existing clients. We did not purchase any existing client base from Next Big Crop and upon execution of employment agreements, granted these persons a total of 100,000 shares of our common stock with a vesting date of January 1, 2016. On the date of grant, the 100,000 shares had an initial fair value of $311,000, based on a closing price per share of our common stock of $3.11 on May 13, 2015. Due to restrictions in the ability to trade our shares, a discount of fifteen percent (15%) was applied to the fair value of the shares. After taking into consideration the illiquidity of the shares, the fair value was determined to be $264,350. &#160;One individual forfeited his shares, so expense was only recognized for 50,000 shares. &#160;These shares were issued in April 2016.</p><br/><p style="margin:0px"><b>Consulting Agreement</b></p><br/><p style="margin:0px">On July 15, 2015, we entered into an agreement with an individual to provide consulting services to customers in exchange for 50,000 shares of our common stock to be delivered on March 15, 2016. &#160;The fair value of the common stock is determined at the end of each reporting period and the pro rata amount earned is recognized as accrued stock payable over the term of the agreement. &#160;These shares were issued in March 2016.</p><br/> On August 4, 2014, we entered into an agreement with Michael Feinsod in consideration for serving as Executive Chairman of the Board and as a member of our Board of Directors (the &#8220;Board&#8221;) and pursuant to the terms of the Executive Board and Director Agreement (the &#8220;Feinsod Agreement&#8221;). The Board approved the issuance to Infinity Capital of (a) 200,000 shares of our common stock on August 4, 2014; (b) 1,000,000 shares of our common stock upon the uplisting of our common stock to the OTC Market&#8217;s OTCQB; (c) 150,000 shares of our common stock on August 4, 2015; and (d) 150,000 shares of our common stock on August 4, 2016. All shares, except the final tranche of 150,000 shares, have been issued as of September 30, 2016. Mr. Feinsod must remain a member of the Board in order for the common stock to be issued. In addition, the Feinsod Agreement requires the issuance of a number of shares of our common stock to Infinity Capital equal to 10% of any new issuances not to exceed 600,000 shares of our common stock in the aggregate during the time that Mr. Feinsod remains a member of the Board (the &#8220;New Issuance Allowance&#8221;). Under the terms of the Feinsod Agreement, the New Issuance Allowance will not be triggered upon issuances relating to convertible securities existing as of the date of the Feinsod Agreement. For illustrative purposes, if we issue 7,000,000 new shares of common stock, then the New Issuance Allowance issued to Infinity Capital would be capped at 600,000 shares of our common stock. No shares have been issued under the New Issuance Allowance. 200000 1000000 150000 150000 600000 2.97 3.49 0.15 4.42 5.20 0.15 100000 311000 3.11 0.15 264350 50000 50000 The following tables summarize the changes in accrued common stock payable during the nine months ended September 30, 2016:<br /><br /><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336.467;"></td><td style="width: 19.2;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 84.6;"></td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Amount</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84.6;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Number of Shares</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">December 31, 2015</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="top"><p style="margin:0px; text-align: right;">1,532,420</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-right:-7.733px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84.6;" valign="top"><p style="margin:0px; text-align: right;">730,000</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">IPG acquisition -- issued</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="top"><p style="margin:0px; text-align: right;">(843,200)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84.6;" valign="top"><p style="margin:0px; text-align: right;">(400,000)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Chiefton acquisition -- issued</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="top"><p style="margin:0px; text-align: right;">(69,400)</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84.6;" valign="top"><p style="margin:0px; text-align: right;">(80,000)</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Feinsod Agreement -- accrual</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="top"><p style="margin:0px; text-align: right;">192,800</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84.6;" valign="top"><p style="margin:0px; text-align: right;">--</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Consulting services -- accrual</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="top"><p style="margin:0px; text-align: right;">6,988</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84.6;" valign="top"><p style="margin:0px; text-align: right;">--</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Consulting services -- issued</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="top"><p style="margin:0px; text-align: right;">(25,000)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84.6;" valign="top"><p style="margin:0px; text-align: right;">(50,000)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Employment agreements -- accrual</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="top"><p style="margin:0px; text-align: right;">567</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84.6;" valign="top"><p style="margin:0px; text-align: right;">--</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Employment agreements -- issued</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="top"><p style="margin:0px; text-align: right;">(132,175)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84.6;" valign="top"><p style="margin:0px; text-align: right;">(50,000)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">September 30, 2016</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 84;" valign="top"><p style="margin:0px; text-align: right;">663,000</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-right:-7.733px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 84.6;" valign="top"><p style="margin:0px; text-align: right;">150,000</p> </td></tr> </table> 1532420 730000 -843200 -400000 -69400 -80000 192800 6988 -25000 -50000 567 -132175 -50000 663000 150000 <p style="margin:0px"><b>NOTE 6. &#160;DERIVATIVE WARRANT LIABILITY</b></p><br/><p style="margin:0px">On September 21, 2016, in connection with the 12% Notes, we issued the 12% Warrants, which are treated as a derivative liability and adjusted to fair value at the end of each period. &#160;The underlying assumptions used in the binomial model to determine the fair value of the derivative warrant liability were:</p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336.467;"></td><td style="width: 19.2;"></td><td style="width: 91.8;"></td><td style="width: 16.667;"></td><td style="width: 89.533;"></td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 91.8;" valign="bottom"><p style="margin:0px; font-size:9pt; text-align: center;"><b>September 21, 2016</b></p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 89.533;" valign="bottom"><p style="margin:0px; font-size:9pt; text-align: center;"><b>September 30, 2016</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Current stock price</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 91.8;" valign="top"><p style="margin:0px; text-align: center;">1.20</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-7.733px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 89.533;" valign="top"><p style="margin:0px; text-align: center;">1.91</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Risk-free interest rate</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 91.8;" valign="top"><p style="margin:0px; text-align: center;">0.92 %</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 89.533;" valign="top"><p style="margin:0px; text-align: center;">0.77%</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Expected dividend yield</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 91.8;" valign="top"><p style="margin:0px; text-align: center;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 89.533;" valign="top"><p style="margin:0px; text-align: center;">--</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Expected term (in years)</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 91.8;" valign="top"><p style="margin:0px; text-align: center;">3.0</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 89.533;" valign="top"><p style="margin:0px; text-align: center;">3.0</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Expected volatility</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 91.8;" valign="top"><p style="margin:0px; text-align: center;">146 %</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 89.533;" valign="top"><p style="margin:0px; text-align: center;">146 %</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Number of iterations</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 91.8;" valign="top"><p style="margin:0px; text-align: center;">5</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 89.533;" valign="top"><p style="margin:0px; text-align: center;">5</p> </td></tr> </table><br/><p style="margin:0px">The initial fair value of the derivative warrant liability was recorded as follows:</p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336;"></td><td style="width: 16.667;"></td><td style="width: 94.8;"></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">Extinguishment of debt</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 94.8;" valign="bottom"><p style="margin:0px; text-align: right;">1,715,000</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">Interest expense</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 94.8;" valign="bottom"><p style="margin:0px; text-align: right;">5,189,000</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">Debt discount</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 94.8;" valign="bottom"><p style="margin:0px; text-align: right;">2,450,000</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">Initial fair value of warrants issued</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; border-bottom:3px double #000000; width: 94.8;" valign="bottom"><p style="margin:0px; text-align: right;">9,354,000</p> </td></tr> </table><br/><p style="margin:0px; page-break-before:always">Changes in the derivative warrant liability were as follows:</p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336;"></td><td style="width: 16.667;"></td><td style="width: 87;"></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">January 1, 2016</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 87;" valign="top"><p style="margin:0px; text-align: right;">--</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px; padding-left:18px">Initial fair value of warrants issued</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 87;" valign="top"><p style="margin:0px; text-align: right;">9,354,000</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px; padding-left:18px">Increase in fair value</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 87;" valign="top"><p style="margin:0px; text-align: right;">6,032,000</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">September 30, 2016</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; border-bottom:3px double #000000; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">15,386,000</p> </td></tr> </table><br/> The underlying assumptions used in the binomial model to determine the fair value of the derivative warrant liability were:<br /><br /><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336.467;"></td><td style="width: 19.2;"></td><td style="width: 91.8;"></td><td style="width: 16.667;"></td><td style="width: 89.533;"></td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 91.8;" valign="bottom"><p style="margin:0px; font-size:9pt; text-align: center;"><b>September 21, 2016</b></p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 89.533;" valign="bottom"><p style="margin:0px; font-size:9pt; text-align: center;"><b>September 30, 2016</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Current stock price</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 91.8;" valign="top"><p style="margin:0px; text-align: center;">1.20</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-7.733px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 89.533;" valign="top"><p style="margin:0px; text-align: center;">1.91</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Risk-free interest rate</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 91.8;" valign="top"><p style="margin:0px; text-align: center;">0.92 %</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 89.533;" valign="top"><p style="margin:0px; text-align: center;">0.77%</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Expected dividend yield</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 91.8;" valign="top"><p style="margin:0px; text-align: center;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 89.533;" valign="top"><p style="margin:0px; text-align: center;">--</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Expected term (in years)</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 91.8;" valign="top"><p style="margin:0px; text-align: center;">3.0</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 89.533;" valign="top"><p style="margin:0px; text-align: center;">3.0</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Expected volatility</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 91.8;" valign="top"><p style="margin:0px; text-align: center;">146 %</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 89.533;" valign="top"><p style="margin:0px; text-align: center;">146 %</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Number of iterations</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 91.8;" valign="top"><p style="margin:0px; text-align: center;">5</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 89.533;" valign="top"><p style="margin:0px; text-align: center;">5</p> </td></tr> </table> 1.20 1.91 0.0092 0.0077 P3Y P3Y 1.46 1.46 5 5 The initial fair value of the derivative warrant liability was recorded as follows:<br /><br /><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336;"></td><td style="width: 16.667;"></td><td style="width: 94.8;"></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">Extinguishment of debt</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 94.8;" valign="bottom"><p style="margin:0px; text-align: right;">1,715,000</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">Interest expense</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 94.8;" valign="bottom"><p style="margin:0px; text-align: right;">5,189,000</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">Debt discount</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 94.8;" valign="bottom"><p style="margin:0px; text-align: right;">2,450,000</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">Initial fair value of warrants issued</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; border-bottom:3px double #000000; width: 94.8;" valign="bottom"><p style="margin:0px; text-align: right;">9,354,000</p> </td></tr> </table> 1715000 5189000 2450000 9354000 Changes in the derivative warrant liability were as follows:<br /><br /><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336;"></td><td style="width: 16.667;"></td><td style="width: 87;"></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">January 1, 2016</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 87;" valign="top"><p style="margin:0px; text-align: right;">--</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px; padding-left:18px">Initial fair value of warrants issued</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 87;" valign="top"><p style="margin:0px; text-align: right;">9,354,000</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px; padding-left:18px">Increase in fair value</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 87;" valign="top"><p style="margin:0px; text-align: right;">6,032,000</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">September 30, 2016</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; border-bottom:3px double #000000; width: 87;" valign="bottom"><p style="margin:0px; text-align: right;">15,386,000</p> </td></tr> </table> 9354000 6032000 15386000 <p style="margin:0px"><b>NOTE 7.&#160;&#160;&#160;COMMITMENTS AND CONTINGENCIES</b></p><br/><p style="margin:0px"><b>Legal</b></p><br/><p style="margin:0px">To the best of the Company&#8217;s knowledge and belief, no legal proceedings of merit are currently pending or threatened against the Company.</p><br/> <p style="margin:0px"><b>NOTE 8.&#160;&#160;&#160;STOCKHOLDERS&#8217; EQUITY</b></p><br/><p style="margin:0px">Share-based expense consisted of the following:</p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 223.667;"></td><td style="width: 18;"></td><td style="width: 78;"></td><td style="width: 18;"></td><td style="width: 96;"></td><td style="width: 18;"></td><td style="width: 78;"></td><td style="width: 18;"></td><td style="width: 76.333;"></td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 192;" valign="bottom" colspan="3"><p style="margin:0px; text-align: center;"><b>Three months ended</b></p> <p style="margin:0px; text-align: center;"><b>September 30,</b></p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 172.333;" valign="bottom" colspan="3"><p style="margin:0px; text-align: center;"><b>Nine months ended</b></p> <p style="margin:0px; text-align: center;"><b>September 30,</b></p> </td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>2016</b></p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 96;" valign="bottom"><p style="margin:0px; text-align: center;"><b>2015</b></p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>2016</b></p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 76.333;" valign="bottom"><p style="margin:0px; text-align: center;"><b>2015</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Employee Awards</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-right:-5.267px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; text-align: right;">740,844</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 96;" valign="top"><p style="margin:0px; text-align: right;">695,788</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; text-align: right;">1,574,906</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-6.467px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 76.333;" valign="top"><p style="margin:0px; text-align: right;">1,319,355</p> </td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px">Consulting Awards</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="top"><p style="margin:0px; text-align: right;">103,869</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 96;" valign="top"><p style="margin:0px; text-align: right;">24,196</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="top"><p style="margin:0px; text-align: right;">151,385</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 76.333;" valign="top"><p style="margin:0px; text-align: right;">41,650</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Feinsod Agreement</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; text-align: right;">27,504</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 96;" valign="top"><p style="margin:0px; text-align: right;">143,725</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; text-align: right;">192,800</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 76.333;" valign="top"><p style="margin:0px; text-align: right;">3,606,794</p> </td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px">DB Option Agreement</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="top"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 96;" valign="top"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="top"><p style="margin:0px; text-align: right;">55,100</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 76.333;" valign="top"><p style="margin:0px; text-align: right;">--</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-right:-5.267px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 78;" valign="top"><p style="margin:0px; text-align: right;">872,217</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 96;" valign="top"><p style="margin:0px; text-align: right;">863,709</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 78;" valign="top"><p style="margin:0px; text-align: right;">1,974,191</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-6.467px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 76.333;" valign="top"><p style="margin:0px; text-align: right;">4,967,799</p> </td></tr> </table><br/><p style="margin:0px"><b>Employee Stock Options</b></p><br/><p style="margin:0px">On October 29, 2014, the Board authorized the adoption of and on June 26, 2015, our stockholders ratified our 2014 Equity Incentive Plan (the &#8220;Incentive Plan&#8221;). &#160;The Incentive Plan provides for the issuance of up to 10 million shares of our common stock, and is designed to provide an additional incentive to executives, employees, directors and key consultants, aligning our long term interests with participants. &#160;In April 2016, we filed a Registration Statement on Form S-8 (the &#8220;Registration Statement&#8221;), which automatically became effective in May 2016. &#160;The Registration Statement relates to 10,000,000 shares of our common stock, which are issuable pursuant to, or upon exercise of, options that have been granted or may be granted under our Incentive Plan.</p><br/><p style="margin:0px">Share-based compensation costs for award grants to employees and directors (&#8220;Employee Awards&#8221;) are recognized on a straight-line basis over the service period for the entire award, with the amount of compensation cost recognized at any date equaling at least the portion of the award that is vested. &#160;The following summarizes the Black-Scholes assumptions used for Employee Awards granted during the nine months ended September 30, 2016:</p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336;"></td><td style="width: 16.667;"></td><td style="width: 105;"></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="top"><p style="margin:0px">Exercise price</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 105;" valign="bottom"><p style="margin:0px; text-align: center;">$ 0.61 -- 1.01</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="top"><p style="margin:0px">Stock price on date of grant</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 105;" valign="bottom"><p style="margin:0px; text-align: center;">$ 0.63 -- 1.01</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="top"><p style="margin:0px">Volatility</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 105;" valign="bottom"><p style="margin:0px; text-align: center;">146 -- 153 %</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">Risk-free interest rate</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 105;" valign="top"><p style="margin:0px; text-align: center;">0.71 &#8211; 0.90 %</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">Expected life (years)</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 105;" valign="top"><p style="margin:0px; text-align: center;">3.0</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">Dividend yield</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 105;" valign="bottom"><p style="margin:0px; text-align: center;">--</p> </td></tr> </table><br/><p style="margin:0px">The following summarizes Employee Awards activity:</p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 223.667;"></td><td style="width: 18;"></td><td style="width: 78;"></td><td style="width: 18;"></td><td style="width: 97.2;"></td><td style="width: 16.8;"></td><td style="width: 108;"></td><td style="width: 18.6;"></td><td style="width: 78;"></td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Number of Shares</b></p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 97.2;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Weighted-average Exercise Price per Share</b></p> </td><td style="margin-top:0px; width: 16.8;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 108;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Weighted-average Remaining Contractual Term (in years)</b></p> </td><td style="margin-top:0px; width: 18.6;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Aggregate Intrinsic Value</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Outstanding at December 31, 2015</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; text-align: right;">2,509,000</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">1.49</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18.6;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px">Granted</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="top"><p style="margin:0px; text-align: right;">6,440,800</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">0.76</p> </td><td style="margin-top:0px; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 108;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18.6;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Forfeited</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 78;" valign="top"><p style="margin:0px; text-align: right;">(263,350)</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">0.75</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18.6;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px">Outstanding at September 30, 2016</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:3px double #000000; width: 78;" valign="top"><p style="margin:0px; text-align: right;">8,686,450</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">0.97</p> </td><td style="margin-top:0px; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 108;" valign="top"><p style="margin:0px; text-align: center;">2.8</p> </td><td style="margin-top:0px; width: 18.6;" valign="top"><p style="margin:0px; padding-left:-7.667px; padding-right:-5.867px; text-align: right;">$</p> </td><td style="margin-top:0px; width: 78;" valign="top"><p style="margin:0px; text-align: right;">8,918,000</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 97.2;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18.6;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px">Exercisable at September 30, 2016</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">1.65</p> </td><td style="margin-top:0px; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 108;" valign="top"><p style="margin:0px; text-align: center;">2.3</p> </td><td style="margin-top:0px; width: 18.6;" valign="top"><p style="margin:0px; padding-left:-7.667px; padding-right:-5.867px; text-align: right;">$</p> </td><td style="margin-top:0px; width: 78;" valign="top"><p style="margin:0px; text-align: right;">883,960</p> </td></tr> </table><br/><p style="margin:0px; page-break-before:always">As of September 30, 2016, there was approximately $3,658,000 of total unrecognized compensation expense related to unvested Employee Awards, which is expected to be recognized over a weighted-average period of eight months.</p><br/><p style="margin:0px"><b>Warrants for Consulting Services</b></p><br/><p style="margin:0px">As needed, we may issue warrants to third parties in exchange for consulting services. &#160;Stock-based compensation costs for award grants to third parties for consulting services (&#8220;Consulting Awards&#8221;) are recognized on a straight-line basis over the service period for the entire award, with the amount of compensation cost recognized at any date equaling at least the portion of the award that is vested. &#160;Consulting Awards are revalued at each reporting date until fully vested, which may generate an expense or benefit.</p><br/><p style="margin:0px">The following summarizes the Black-Scholes assumptions used for Consulting Awards granted during the nine months ended September 30, 2016:</p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336;"></td><td style="width: 16.667;"></td><td style="width: 105;"></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="top"><p style="margin:0px">Exercise price</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 105;" valign="bottom"><p style="margin:0px; text-align: center;">$ 0.60 -- 1.20</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="top"><p style="margin:0px">Stock price on valuation date</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 105;" valign="bottom"><p style="margin:0px; text-align: center;">$ 1.91</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="top"><p style="margin:0px">Volatility</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 105;" valign="bottom"><p style="margin:0px; text-align: center;">146 -- 150 %</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">Risk-free interest rate</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 105;" valign="top"><p style="margin:0px; text-align: center;">0.77 &#8211; 1.14 %</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">Expected life (years)</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 105;" valign="top"><p style="margin:0px; text-align: center;">2.2 &#8211; 4.8</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">Dividend yield</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 105;" valign="bottom"><p style="margin:0px; text-align: center;">--</p> </td></tr> </table><br/><p style="margin:0px">The following summarizes Consulting Awards:</p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 223.667;"></td><td style="width: 18;"></td><td style="width: 78;"></td><td style="width: 18;"></td><td style="width: 97.2;"></td><td style="width: 16.8;"></td><td style="width: 108;"></td><td style="width: 16.8;"></td><td style="width: 81.6;"></td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Number of Shares</b></p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 97.2;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Weighted-average Exercise Price per Share</b></p> </td><td style="margin-top:0px; width: 16.8;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 108;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Weighted-average Remaining Contractual Term (in years)</b></p> </td><td style="margin-top:0px; width: 16.8;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 81.6;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Aggregate Intrinsic Value</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Outstanding at December 31, 2015</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; text-align: right;">252,500</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">3.62</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 81.6;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px">Granted</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="top"><p style="margin:0px; text-align: right;">55,000</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">1.01</p> </td><td style="margin-top:0px; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 108;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 81.6;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Outstanding at September 30, 2016</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-top:1px solid #000000; border-bottom:3px double #000000; width: 78;" valign="top"><p style="margin:0px; text-align: right;">307,500</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">3.15</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="top"><p style="margin:0px; text-align: center;">1.3</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="top"><p style="margin:0px; padding-left:-7.667px; padding-right:-5.867px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 81.6;" valign="top"><p style="margin:0px; text-align: center;">64,525</p> </td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 97.2;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 108;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 16.8;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 81.6;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Exercisable at September 30, 2016</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; text-align: right;">300,000</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">3.22</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="top"><p style="margin:0px; text-align: center;">1.2</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="top"><p style="margin:0px; padding-left:-7.667px; padding-right:-5.867px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 81.6;" valign="top"><p style="margin:0px; text-align: center;">54,700</p> </td></tr> </table><br/><p style="margin:0px">As of September 30, 2016, there was approximately $2,600 of total unrecognized expense related to unvested Consulting Awards, which is expected to be recognized over a weighted-average period of three months.</p><br/><p style="margin:0px"><b>IPG Acquisition Warrants</b></p><br/><p style="margin:0px">In connection with the IPG APA, we issued to IPG 500,000 fully-vested warrants to purchase a) 250,000 shares of our common stock at $4.50 per share, (the &#8220;IPG $4.50 Warrants&#8221;), and b) 250,000 shares of our common stock at $5.00 per share (the &#8220;IPG $5.00 Warrants&#8221;) (collectively, the &#8220;IPG Warrants&#8221;). The IPG Warrants are subject to customary adjustments in the event of our reclassification, consolidation, merger, subdivision of shares of our common stock, combination of shares of our common stock or payment of dividends in the form of the our common stock. The IPG Warrants expire three years after their initial issuance date.</p><br/><p style="margin:0px">As of September 30, 2016, all of the IPG Warrants are outstanding and exercisable.</p><br/><p style="margin:0px"><b>Warrants with Debt</b></p><br/><p style="margin:0px">The following summarizes warrants issued with debt:</p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 223.667;"></td><td style="width: 18;"></td><td style="width: 78;"></td><td style="width: 18;"></td><td style="width: 97.2;"></td><td style="width: 16.8;"></td><td style="width: 108;"></td><td style="width: 16.8;"></td><td style="width: 81.6;"></td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Number of Shares</b></p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 97.2;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Weighted-average Exercise Price per Share</b></p> </td><td style="margin-top:0px; width: 16.8;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 108;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Weighted-average Remaining Contractual Term (in years)</b></p> </td><td style="margin-top:0px; width: 16.8;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 81.6;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Aggregate Intrinsic Value</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Outstanding at December 31, 2015</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; text-align: right;">597,200</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">1.41</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 81.6;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px">Granted</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="top"><p style="margin:0px; text-align: right;">9,759,000</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">0.56</p> </td><td style="margin-top:0px; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 108;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 81.6;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Outstanding at September 30, 2016</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-top:1px solid #000000; border-bottom:3px double #000000; width: 78;" valign="top"><p style="margin:0px; text-align: right;">10,356,200</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">0.61</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="top"><p style="margin:0px; text-align: center;">3.0</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="top"><p style="margin:0px; padding-left:-7.667px; padding-right:-5.867px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 81.6;" valign="top"><p style="margin:0px; text-align: center;">13,564,795</p> </td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 97.2;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 108;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 16.8;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 81.6;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Exercisable at September 30, 2016</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; text-align: right;">10,356,200</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">0.61</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="top"><p style="margin:0px; text-align: center;">3.0</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="top"><p style="margin:0px; padding-left:-7.667px; padding-right:-5.867px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 81.6;" valign="top"><p style="margin:0px; text-align: center;">13,564,795</p> </td></tr> </table><br/><p style="margin:0px; page-break-before:always"><b>DB Option Agreement warrants</b></p><br/><p style="margin:0px">In order to extend the DB Option Agreement with Infinity Capital, in March 2016 we granted Infinity Capital warrants to purchase 100,000 shares of our common stock at an exercise price of $0.67 per share with a five year life. &#160;The fair value of $55,100 is included in equity-based expense. &#160;The following summarizes the Black-Scholes assumptions used to estimate the fair value of the DB Option Agreement warrants:</p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336;"></td><td style="width: 16.667;"></td><td style="width: 105;"></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="top"><p style="margin:0px">Stock price on date of grant</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 105;" valign="bottom"><p style="margin:0px; text-align: center;">$ 0.61</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="top"><p style="margin:0px">Volatility</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 105;" valign="bottom"><p style="margin:0px; text-align: center;">150 %</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">Risk-free interest rate</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 105;" valign="top"><p style="margin:0px; text-align: center;">1.2 %</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">Expected life (years)</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 105;" valign="top"><p style="margin:0px; text-align: center;">5.0</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">Dividend yield</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 105;" valign="top"><p style="margin:0px; text-align: center;">--</p> </td></tr> </table><br/><p style="margin:0px"><b>2013 Warrants</b></p><br/><p style="margin:0px">Between July 11, 2013 and September 19, 2013, we issued 973,000 shares of our common stock and 973,000 fully-vested warrants (the &#8220;2013 Warrants&#8221;) for cash consideration of $1.00 per share. Each 2013 Warrant entitled the holder to purchase one share of our common stock at a price of $10.00 per share. The 2013 Warrants expired unexercised on August 1, 2016.</p><br/> On October 29, 2014, the Board authorized the adoption of and on June 26, 2015, our stockholders ratified our 2014 Equity Incentive Plan (the &#8220;Incentive Plan&#8221;). The Incentive Plan provides for the issuance of up to 10 million shares of our common stock, and is designed to provide an additional incentive to executives, employees, directors and key consultants, aligning our long term interests with participants. In April 2016, we filed a Registration Statement on Form S-8 (the &#8220;Registration Statement&#8221;), which automatically became effective in May 2016. The Registration Statement relates to 10,000,000 shares of our common stock, which are issuable pursuant to, or upon exercise of, options that have been granted or may be granted under our Incentive Plan.Share-based compensation costs for award grants to employees and directors (&#8220;Employee Awards&#8221;) are recognized on a straight-line basis over the service period for the entire award, with the amount of compensation cost recognized at any date equaling at least the portion of the award that is vested. 10000000 3658000 P8M 2600 P3M 500000 250000 4.50 250000 5.00 P3Y 100000 0.67 P5Y 55100 973000 973000 1.00 10.00 Share-based expense consisted of the following:<br /><br /><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 223.667;"></td><td style="width: 18;"></td><td style="width: 78;"></td><td style="width: 18;"></td><td style="width: 96;"></td><td style="width: 18;"></td><td style="width: 78;"></td><td style="width: 18;"></td><td style="width: 76.333;"></td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 192;" valign="bottom" colspan="3"><p style="margin:0px; text-align: center;"><b>Three months ended</b></p> <p style="margin:0px; text-align: center;"><b>September 30,</b></p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 172.333;" valign="bottom" colspan="3"><p style="margin:0px; text-align: center;"><b>Nine months ended</b></p> <p style="margin:0px; text-align: center;"><b>September 30,</b></p> </td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>2016</b></p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 96;" valign="bottom"><p style="margin:0px; text-align: center;"><b>2015</b></p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>2016</b></p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 76.333;" valign="bottom"><p style="margin:0px; text-align: center;"><b>2015</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Employee Awards</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-right:-5.267px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; text-align: right;">740,844</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 96;" valign="top"><p style="margin:0px; text-align: right;">695,788</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; text-align: right;">1,574,906</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-6.467px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 76.333;" valign="top"><p style="margin:0px; text-align: right;">1,319,355</p> </td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px">Consulting Awards</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="top"><p style="margin:0px; text-align: right;">103,869</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 96;" valign="top"><p style="margin:0px; text-align: right;">24,196</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="top"><p style="margin:0px; text-align: right;">151,385</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 76.333;" valign="top"><p style="margin:0px; text-align: right;">41,650</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Feinsod Agreement</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; text-align: right;">27,504</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 96;" valign="top"><p style="margin:0px; text-align: right;">143,725</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; text-align: right;">192,800</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 76.333;" valign="top"><p style="margin:0px; text-align: right;">3,606,794</p> </td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px">DB Option Agreement</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="top"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 96;" valign="top"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="top"><p style="margin:0px; text-align: right;">55,100</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 76.333;" valign="top"><p style="margin:0px; text-align: right;">--</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-right:-5.267px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 78;" valign="top"><p style="margin:0px; text-align: right;">872,217</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 96;" valign="top"><p style="margin:0px; text-align: right;">863,709</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 78;" valign="top"><p style="margin:0px; text-align: right;">1,974,191</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-6.467px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:3px double #000000; width: 76.333;" valign="top"><p style="margin:0px; text-align: right;">4,967,799</p> </td></tr> </table> 740844 695788 1574906 1319355 103869 24196 151385 41650 27504 143725 192800 3606794 55100 872217 863709 1974191 4967799 The following summarizes the Black-Scholes assumptions used for Employee Awards granted during the nine months ended September 30, 2016:<br /><br /><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336;"></td><td style="width: 16.667;"></td><td style="width: 105;"></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="top"><p style="margin:0px">Exercise price</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 105;" valign="bottom"><p style="margin:0px; text-align: center;">$ 0.61 -- 1.01</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="top"><p style="margin:0px">Stock price on date of grant</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 105;" valign="bottom"><p style="margin:0px; text-align: center;">$ 0.63 -- 1.01</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="top"><p style="margin:0px">Volatility</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 105;" valign="bottom"><p style="margin:0px; text-align: center;">146 -- 153 %</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">Risk-free interest rate</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 105;" valign="top"><p style="margin:0px; text-align: center;">0.71 &#8211; 0.90 %</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">Expected life (years)</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 105;" valign="top"><p style="margin:0px; text-align: center;">3.0</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">Dividend yield</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 105;" valign="bottom"><p style="margin:0px; text-align: center;">--</p> </td></tr> </table> 0.61 1.01 0.63 1.01 1.46 1.53 0.0071 0.0090 P3Y The following summarizes Employee Awards activity:<br /><br /><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 223.667;"></td><td style="width: 18;"></td><td style="width: 78;"></td><td style="width: 18;"></td><td style="width: 97.2;"></td><td style="width: 16.8;"></td><td style="width: 108;"></td><td style="width: 18.6;"></td><td style="width: 78;"></td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Number of Shares</b></p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 97.2;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Weighted-average Exercise Price per Share</b></p> </td><td style="margin-top:0px; width: 16.8;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 108;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Weighted-average Remaining Contractual Term (in years)</b></p> </td><td style="margin-top:0px; width: 18.6;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Aggregate Intrinsic Value</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Outstanding at December 31, 2015</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; text-align: right;">2,509,000</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">1.49</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18.6;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px">Granted</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="top"><p style="margin:0px; text-align: right;">6,440,800</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">0.76</p> </td><td style="margin-top:0px; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 108;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18.6;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Forfeited</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 78;" valign="top"><p style="margin:0px; text-align: right;">(263,350)</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">0.75</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18.6;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px">Outstanding at September 30, 2016</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:3px double #000000; width: 78;" valign="top"><p style="margin:0px; text-align: right;">8,686,450</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">0.97</p> </td><td style="margin-top:0px; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 108;" valign="top"><p style="margin:0px; text-align: center;">2.8</p> </td><td style="margin-top:0px; width: 18.6;" valign="top"><p style="margin:0px; padding-left:-7.667px; padding-right:-5.867px; text-align: right;">$</p> </td><td style="margin-top:0px; width: 78;" valign="top"><p style="margin:0px; text-align: right;">8,918,000</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 97.2;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18.6;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px">Exercisable at September 30, 2016</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">1.65</p> </td><td style="margin-top:0px; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 108;" valign="top"><p style="margin:0px; text-align: center;">2.3</p> </td><td style="margin-top:0px; width: 18.6;" valign="top"><p style="margin:0px; padding-left:-7.667px; padding-right:-5.867px; text-align: right;">$</p> </td><td style="margin-top:0px; width: 78;" valign="top"><p style="margin:0px; text-align: right;">883,960</p> </td></tr> </table><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 223.667;"></td><td style="width: 18;"></td><td style="width: 78;"></td><td style="width: 18;"></td><td style="width: 97.2;"></td><td style="width: 16.8;"></td><td style="width: 108;"></td><td style="width: 16.8;"></td><td style="width: 81.6;"></td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Number of Shares</b></p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 97.2;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Weighted-average Exercise Price per Share</b></p> </td><td style="margin-top:0px; width: 16.8;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 108;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Weighted-average Remaining Contractual Term (in years)</b></p> </td><td style="margin-top:0px; width: 16.8;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 81.6;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Aggregate Intrinsic Value</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Outstanding at December 31, 2015</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; text-align: right;">252,500</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">3.62</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 81.6;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px">Granted</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="top"><p style="margin:0px; text-align: right;">55,000</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">1.01</p> </td><td style="margin-top:0px; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 108;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 81.6;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Outstanding at September 30, 2016</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-top:1px solid #000000; border-bottom:3px double #000000; width: 78;" valign="top"><p style="margin:0px; text-align: right;">307,500</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">3.15</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="top"><p style="margin:0px; text-align: center;">1.3</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="top"><p style="margin:0px; padding-left:-7.667px; padding-right:-5.867px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 81.6;" valign="top"><p style="margin:0px; text-align: center;">64,525</p> </td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 97.2;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 108;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 16.8;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 81.6;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Exercisable at September 30, 2016</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; text-align: right;">300,000</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">3.22</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="top"><p style="margin:0px; text-align: center;">1.2</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="top"><p style="margin:0px; padding-left:-7.667px; padding-right:-5.867px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 81.6;" valign="top"><p style="margin:0px; text-align: center;">54,700</p> </td></tr> </table><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 223.667;"></td><td style="width: 18;"></td><td style="width: 78;"></td><td style="width: 18;"></td><td style="width: 97.2;"></td><td style="width: 16.8;"></td><td style="width: 108;"></td><td style="width: 16.8;"></td><td style="width: 81.6;"></td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Number of Shares</b></p> </td><td style="margin-top:0px; width: 18;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 97.2;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Weighted-average Exercise Price per Share</b></p> </td><td style="margin-top:0px; width: 16.8;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 108;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Weighted-average Remaining Contractual Term (in years)</b></p> </td><td style="margin-top:0px; width: 16.8;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 81.6;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Aggregate Intrinsic Value</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Outstanding at December 31, 2015</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; text-align: right;">597,200</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">1.41</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 81.6;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px">Granted</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="top"><p style="margin:0px; text-align: right;">9,759,000</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">0.56</p> </td><td style="margin-top:0px; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 108;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 81.6;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Outstanding at September 30, 2016</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-top:1px solid #000000; border-bottom:3px double #000000; width: 78;" valign="top"><p style="margin:0px; text-align: right;">10,356,200</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">0.61</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="top"><p style="margin:0px; text-align: center;">3.0</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="top"><p style="margin:0px; padding-left:-7.667px; padding-right:-5.867px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 81.6;" valign="top"><p style="margin:0px; text-align: center;">13,564,795</p> </td></tr> <tr><td style="margin-top:0px; width: 223.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 97.2;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 108;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 16.8;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 81.6;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 223.667;" valign="bottom"><p style="margin:0px">Exercisable at September 30, 2016</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="top"><p style="margin:0px; text-align: right;">10,356,200</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding-left:-4.667px; padding-right:-7.067px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 97.2;" valign="top"><p style="margin:0px; text-align: center;">0.61</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 108;" valign="top"><p style="margin:0px; text-align: center;">3.0</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.8;" valign="top"><p style="margin:0px; padding-left:-7.667px; padding-right:-5.867px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 81.6;" valign="top"><p style="margin:0px; text-align: center;">13,564,795</p> </td></tr> </table> 2509000 1.49 6440800 0.76 263350 0.75 8686450 0.97 P2Y292D 8918000 1.65 P2Y109D 883960 252500 3.62 55000 1.01 307500 3.15 P1Y109D 64525 300000 3.22 P1Y73D 54700 597200 1.41 9759000 0.56 10356200 0.61 P3Y 13564795 10356200 0.61 P3Y 13564795 The following summarizes the Black-Scholes assumptions used for Consulting Awards granted during the nine months ended September 30, 2016:<br /><br /><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336;"></td><td style="width: 16.667;"></td><td style="width: 105;"></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="top"><p style="margin:0px">Exercise price</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 105;" valign="bottom"><p style="margin:0px; text-align: center;">$ 0.60 -- 1.20</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="top"><p style="margin:0px">Stock price on valuation date</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 105;" valign="bottom"><p style="margin:0px; text-align: center;">$ 1.91</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="top"><p style="margin:0px">Volatility</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 105;" valign="bottom"><p style="margin:0px; text-align: center;">146 -- 150 %</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">Risk-free interest rate</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 105;" valign="top"><p style="margin:0px; text-align: center;">0.77 &#8211; 1.14 %</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">Expected life (years)</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 105;" valign="top"><p style="margin:0px; text-align: center;">2.2 &#8211; 4.8</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">Dividend yield</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 105;" valign="bottom"><p style="margin:0px; text-align: center;">--</p> </td></tr> </table> 0.60 1.20 1.91 1.46 1.50 0.0077 0.0114 P2Y73D P4Y292D The following summarizes the Black-Scholes assumptions used to estimate the fair value of the DB Option Agreement warrants:<br /><br /><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336;"></td><td style="width: 16.667;"></td><td style="width: 105;"></td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="top"><p style="margin:0px">Stock price on date of grant</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 105;" valign="bottom"><p style="margin:0px; text-align: center;">$ 0.61</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="top"><p style="margin:0px">Volatility</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 105;" valign="bottom"><p style="margin:0px; text-align: center;">150 %</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">Risk-free interest rate</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 105;" valign="top"><p style="margin:0px; text-align: center;">1.2 %</p> </td></tr> <tr><td style="margin-top:0px; width: 336;" valign="bottom"><p style="margin:0px">Expected life (years)</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 105;" valign="top"><p style="margin:0px; text-align: center;">5.0</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336;" valign="bottom"><p style="margin:0px">Dividend yield</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 105;" valign="top"><p style="margin:0px; text-align: center;">--</p> </td></tr> </table> 0.61 1.50 0.012 P5Y <p style="margin:0px"><b>NOTE 9. &#160;NET LOSS PER SHARE</b></p><br/><p style="margin:0px">Basic net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the reporting period. &#160;Diluted net loss per share is computed similarly to basic loss per share, except that it includes the potential dilution that could occur if dilutive securities are exercised.</p><br/><p style="margin:0px">Outstanding stock options and common stock warrants are considered anti-dilutive because we are in a net loss position. &#160;Accordingly, the number of weighted average shares outstanding for basic and fully diluted net loss per share are the same.</p><br/> <p style="margin:0px"><b>NOTE 10.&#160;&#160;&#160;SUBSEQUENT EVENTS</b></p><br/><p style="margin:0px">As described in Note 1, as of September 30, 2016, Infinity Capital, a related party, had a 50% equity interest in DB and an $800,000 loan to DB. We have an option to purchase all of Infinity Capital&#8217;s interest in DB. In October 2016, we loaned $75,000 to DB, which bears interest at 14% and is payable in May 2017. Infinity Capital has agreed to subordinate its right to repayment and security interest to our rights under our loan to DB.</p><br/> 0.50 800000 75000 0.14 <p style="margin:0px"><b>NOTE 11.&#160;&#160;&#160;SEGMENT INFORMATION</b></p><br/><p style="margin:0px">Our operations are organized into four segments: Security and Cash Management Services; Marketing and Products; Consulting and Advisory; and Finance and Real Estate. &#160;All revenue originates and all assets are located in the United States. &#160;We have revised our disclosure to correspond to the information provided to the chief operating decision maker.</p><br/><p style="margin:0px"><b>Three months ended September 30</b></p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 175.667;"></td><td style="width: 17.533;"></td><td style="width: 96.467;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 78;"></td></tr> <tr><td style="margin-top:0px; border-bottom:1px solid #000000; width: 175.667;" valign="bottom"><p style="margin:0px; text-align: center;"><b>2016</b></p> </td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Security and Cash Management</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Marketing and Products</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Consulting and Advisory</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Finance and Real Estate</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Total</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Revenues, net</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">560,713</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">106,402</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">117,700</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">25,565</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">810,380</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px">Costs and expenses</p> </td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">(528,916)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(164,543)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(162,404)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(13,352)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(869,215)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Other expense</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(6,414)</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(6,414)</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">31,797</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(58,141)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(44,704)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">5,799</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-top:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(65,249)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Corporate expenses</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(14,381,845)</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 96.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">Net loss</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-bottom:3px double #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(14,447,094)</p> </td></tr> </table><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 175.667;"></td><td style="width: 17.533;"></td><td style="width: 96.467;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 78;"></td></tr> <tr><td style="margin-top:0px; border-bottom:1px solid #000000; width: 175.667;" valign="bottom"><p style="margin:0px; text-align: center;"><b>2015</b></p> </td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Security and Cash Management</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Marketing and Products</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Consulting and Advisory</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Finance and Real Estate</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Total</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Revenues, net</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">503,703</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">9,494</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">52,295</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">27,825</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">593,317</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px">Costs and expenses</p> </td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">(521,099)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(28,328)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(63,519)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(3,157)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(616,103)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Other expense</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(3,385)</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(3,385)</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">(17,396)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(18,834)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(11,224)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">21,283</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-top:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(26,171)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Corporate expenses</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(1,672,064)</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 96.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">Net loss</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-bottom:3px double #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(1,698,235)</p> </td></tr> </table><br/><p style="margin:0px; page-break-before:always"><b>Nine months ended September 30</b></p><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 175.667;"></td><td style="width: 17.533;"></td><td style="width: 96.467;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 78;"></td></tr> <tr><td style="margin-top:0px; border-bottom:1px solid #000000; width: 175.667;" valign="bottom"><p style="margin:0px; text-align: center;"><b>2016</b></p> </td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Security and Cash Management</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Marketing and Products</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Consulting and Advisory</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Finance and Real Estate</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Total</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Revenues, net</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">1,599,907</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">222,541</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">288,588</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">93,398</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">2,204,434</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px">Costs and expenses</p> </td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">(1,604,932)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(325,640)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(345,967)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(36,731)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(2,313,270)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Other expense</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(10,876)</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(10,876)</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">(5,025)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(103,099)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(57,379)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">45,791</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-top:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(119,712)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Corporate expenses</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(16,852,085)</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 96.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">Net loss</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-bottom:3px double #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(16,971,797)</p> </td></tr> </table><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 175.667;"></td><td style="width: 17.533;"></td><td style="width: 96.467;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 78;"></td></tr> <tr><td style="margin-top:0px; border-bottom:1px solid #000000; width: 175.667;" valign="bottom"><p style="margin:0px; text-align: center;"><b>2015</b></p> </td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Security and Cash Management</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Marketing and Products</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Consulting and Advisory</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Finance and Real Estate</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Total</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Revenues, net</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">897,807</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">34,861</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">52,295</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">92,413</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">1,077,376</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px">Costs and expenses</p> </td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">(929,421)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(112,919)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(63,519)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(24,880)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(1,130,739)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Other expense</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(9,200)</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(9,200)</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">(31,614)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(78,058)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(11,224)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">58,333</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-top:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(62,563)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Corporate expenses</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(6,813,387)</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 96.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">Net loss</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-bottom:3px double #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(6,875,950)</p> </td></tr> </table><br/><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336.467;"></td><td style="width: 19.2;"></td><td style="width: 91.8;"></td><td style="width: 16.667;"></td><td style="width: 89.533;"></td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px"><b>Total assets</b></p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 91.8;" valign="bottom"><p style="margin:0px; font-size:9pt; text-align: center;"><b>September 30, 2016</b></p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 89.533;" valign="bottom"><p style="margin:0px; font-size:9pt; text-align: center;"><b>December 31, 2015</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Security and Cash Management</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 91.8;" valign="top"><p style="margin:0px; text-align: right;">110,127</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-7.733px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 89.533;" valign="top"><p style="margin:0px; text-align: right;">132,314</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Marketing and Products</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 91.8;" valign="top"><p style="margin:0px; text-align: right;">57,999</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 89.533;" valign="top"><p style="margin:0px; text-align: right;">127,345</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Consulting and Advisory</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 91.8;" valign="top"><p style="margin:0px; text-align: right;">125,497</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 89.533;" valign="top"><p style="margin:0px; text-align: right;">22,268</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Finance and Real Estate</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 91.8;" valign="top"><p style="margin:0px; text-align: right;">1,247,281</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 89.533;" valign="top"><p style="margin:0px; text-align: right;">431,639</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Corporate</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 91.8;" valign="top"><p style="margin:0px; text-align: right;">3,034,077</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 89.533;" valign="top"><p style="margin:0px; text-align: right;">2,969,145</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; border-bottom:3px double #000000; width: 91.8;" valign="top"><p style="margin:0px; text-align: right;">4,574,981</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-7.733px; text-align: right;">$</p> </td><td style="margin-top:0px; border-bottom:3px double #000000; width: 89.533;" valign="top"><p style="margin:0px; text-align: right;">3,682,711</p> </td></tr> </table><br/><p style="margin:0px">All assets are located in the United States.</p><br/> <table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 175.667;"></td><td style="width: 17.533;"></td><td style="width: 96.467;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 78;"></td></tr> <tr><td style="margin-top:0px; border-bottom:1px solid #000000; width: 175.667;" valign="bottom"><p style="margin:0px; text-align: center;"><b>2016</b></p> </td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Security and Cash Management</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Marketing and Products</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Consulting and Advisory</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Finance and Real Estate</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Total</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Revenues, net</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">560,713</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">106,402</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">117,700</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">25,565</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">810,380</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px">Costs and expenses</p> </td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">(528,916)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(164,543)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(162,404)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(13,352)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(869,215)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Other expense</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(6,414)</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(6,414)</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">31,797</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(58,141)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(44,704)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">5,799</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-top:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(65,249)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Corporate expenses</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(14,381,845)</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 96.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">Net loss</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-bottom:3px double #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(14,447,094)</p> </td></tr> </table><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 175.667;"></td><td style="width: 17.533;"></td><td style="width: 96.467;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 78;"></td></tr> <tr><td style="margin-top:0px; border-bottom:1px solid #000000; width: 175.667;" valign="bottom"><p style="margin:0px; text-align: center;"><b>2015</b></p> </td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Security and Cash Management</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Marketing and Products</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Consulting and Advisory</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Finance and Real Estate</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Total</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Revenues, net</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">503,703</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">9,494</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">52,295</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">27,825</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">593,317</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px">Costs and expenses</p> </td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">(521,099)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(28,328)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(63,519)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(3,157)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(616,103)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Other expense</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(3,385)</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(3,385)</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">(17,396)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(18,834)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(11,224)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">21,283</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-top:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(26,171)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Corporate expenses</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(1,672,064)</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 96.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">Net loss</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-bottom:3px double #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(1,698,235)</p> </td></tr> </table><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 175.667;"></td><td style="width: 17.533;"></td><td style="width: 96.467;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 78;"></td></tr> <tr><td style="margin-top:0px; border-bottom:1px solid #000000; width: 175.667;" valign="bottom"><p style="margin:0px; text-align: center;"><b>2016</b></p> </td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Security and Cash Management</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Marketing and Products</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Consulting and Advisory</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Finance and Real Estate</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Total</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Revenues, net</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">1,599,907</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">222,541</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">288,588</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">93,398</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">2,204,434</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px">Costs and expenses</p> </td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">(1,604,932)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(325,640)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(345,967)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(36,731)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(2,313,270)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Other expense</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(10,876)</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(10,876)</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">(5,025)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(103,099)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(57,379)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">45,791</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-top:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(119,712)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Corporate expenses</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(16,852,085)</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 96.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">Net loss</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-bottom:3px double #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(16,971,797)</p> </td></tr> </table><table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 175.667;"></td><td style="width: 17.533;"></td><td style="width: 96.467;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 84;"></td><td style="width: 18;"></td><td style="width: 78;"></td></tr> <tr><td style="margin-top:0px; border-bottom:1px solid #000000; width: 175.667;" valign="bottom"><p style="margin:0px; text-align: center;"><b>2015</b></p> </td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Security and Cash Management</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Marketing and Products</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Consulting and Advisory</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Finance and Real Estate</b></p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; text-align: center;"><b>Total</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Revenues, net</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">897,807</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">34,861</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">52,295</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">92,413</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">1,077,376</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px">Costs and expenses</p> </td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">(929,421)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(112,919)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(63,519)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(24,880)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(1,130,739)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Other expense</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">--</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(9,200)</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(9,200)</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 96.467;" valign="bottom"><p style="margin:0px; text-align: right;">(31,614)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(78,058)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">(11,224)</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">58,333</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-top:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(62,563)</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 175.667;" valign="top"><p style="margin:0px">Corporate expenses</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 96.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(6,813,387)</p> </td></tr> <tr><td style="margin-top:0px; width: 175.667;" valign="top"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 17.533;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 96.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 84;" valign="bottom"><p style="margin:0px; text-align: right;">Net loss</p> </td><td style="margin-top:0px; width: 18;" valign="bottom"><p style="margin:0px; text-align: right;">$</p> </td><td style="margin-top:0px; border-bottom:3px double #000000; width: 78;" valign="bottom"><p style="margin:0px; padding-left:-6.467px; text-align: right;">(6,875,950)</p> </td></tr> </table> 560713 106402 117700 25565 810380 -528916 -164543 -162404 -13352 -869215 6414 6414 31797 -58141 -44704 5799 -65249 -14381845 503703 9494 52295 27825 593317 -521099 -28328 -63519 -3157 -616103 3385 3385 -17396 -18834 -11224 21283 -26171 -1672064 1599907 222541 288588 93398 2204434 -1604932 -325640 -345967 -36731 -2313270 10876 10876 -5025 -103099 -57379 45791 -119712 -16852085 897807 34861 52295 92413 1077376 -929421 -112919 -63519 -24880 -1130739 9200 9200 -31614 -78058 -11224 58333 -62563 -6813387 <table style="margin-top:0px; font-size:10pt" cellpadding="0" cellspacing="0"><tr style="font-size:0"><td style="width: 336.467;"></td><td style="width: 19.2;"></td><td style="width: 91.8;"></td><td style="width: 16.667;"></td><td style="width: 89.533;"></td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px"><b>Total assets</b></p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 91.8;" valign="bottom"><p style="margin:0px; font-size:9pt; text-align: center;"><b>September 30, 2016</b></p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; border-bottom:1px solid #000000; width: 89.533;" valign="bottom"><p style="margin:0px; font-size:9pt; text-align: center;"><b>December 31, 2015</b></p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Security and Cash Management</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 91.8;" valign="top"><p style="margin:0px; text-align: right;">110,127</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-7.733px; text-align: right;">$</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 89.533;" valign="top"><p style="margin:0px; text-align: right;">132,314</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Marketing and Products</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 91.8;" valign="top"><p style="margin:0px; text-align: right;">57,999</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 89.533;" valign="top"><p style="margin:0px; text-align: right;">127,345</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Consulting and Advisory</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 91.8;" valign="top"><p style="margin:0px; text-align: right;">125,497</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; width: 89.533;" valign="top"><p style="margin:0px; text-align: right;">22,268</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Finance and Real Estate</p> </td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 91.8;" valign="top"><p style="margin:0px; text-align: right;">1,247,281</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 89.533;" valign="top"><p style="margin:0px; text-align: right;">431,639</p> </td></tr> <tr><td style="margin-top:0px; background-color:#DEEAF6; width: 336.467;" valign="bottom"><p style="margin:0px; padding-left:4.333px; text-indent:-4.333px">Corporate</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 19.2;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 91.8;" valign="top"><p style="margin:0px; text-align: right;">3,034,077</p> </td><td style="margin-top:0px; background-color:#DEEAF6; width: 16.667;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; background-color:#DEEAF6; border-bottom:1px solid #000000; width: 89.533;" valign="top"><p style="margin:0px; text-align: right;">2,969,145</p> </td></tr> <tr><td style="margin-top:0px; width: 336.467;" valign="bottom"><p style="margin:0px; padding:0px">&#160;</p></td><td style="margin-top:0px; width: 19.2;" valign="bottom"><p style="margin:0px; padding-right:-6.333px; text-align: right;">$</p> </td><td style="margin-top:0px; border-bottom:3px double #000000; width: 91.8;" valign="top"><p style="margin:0px; text-align: right;">4,574,981</p> </td><td style="margin-top:0px; width: 16.667;" valign="bottom"><p style="margin:0px; padding-right:-7.733px; text-align: right;">$</p> </td><td style="margin-top:0px; border-bottom:3px double #000000; width: 89.533;" valign="top"><p style="margin:0px; text-align: right;">3,682,711</p> </td></tr> </table> 110127 132314 57999 127345 125497 22268 1247281 431639 3034077 2969145 4574981 3682711 EX-101.SCH 6 cann-20160930.xsd 001 - Statement - CONSOLIDATED BALANCE SHEETS link:presentationLink link:definitionLink link:calculationLink 002 - Statement - CONSOLIDATED BALANCE SHEETS (Parentheticals) link:presentationLink link:definitionLink link:calculationLink 003 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) link:presentationLink link:definitionLink link:calculationLink 004 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) link:presentationLink link:definitionLink link:calculationLink 005 - Disclosure - NATURE OF OPERATIONS, HISTORY AND PRESENTATION link:presentationLink link:definitionLink link:calculationLink 006 - Disclosure - BUSINESS ACQUISITIONS link:presentationLink link:definitionLink link:calculationLink 007 - Disclosure - LONG-LIVED ASSETS link:presentationLink link:definitionLink link:calculationLink 008 - Disclosure - DEBT link:presentationLink link:definitionLink link:calculationLink 009 - Disclosure - ACCRUED STOCK PAYABLE link:presentationLink link:definitionLink link:calculationLink 010 - Disclosure - DERIVATIVE WARRANT LIABILITY link:presentationLink link:definitionLink link:calculationLink 011 - Disclosure - COMMITMENTS AND CONTINGENCIES link:presentationLink link:definitionLink link:calculationLink 012 - Disclosure - STOCKHOLDERS' EQUITY link:presentationLink link:definitionLink link:calculationLink 013 - Disclosure - NET LOSS PER SHARE link:presentationLink link:definitionLink link:calculationLink 014 - Disclosure - SUBSEQUENT EVENTS link:presentationLink link:definitionLink link:calculationLink 015 - Disclosure - SEGMENT INFORMATION link:presentationLink link:definitionLink link:calculationLink 016 - Disclosure - Accounting Policies, by Policy (Policies) link:presentationLink link:definitionLink link:calculationLink 017 - Disclosure - BUSINESS ACQUISITIONS (Tables) link:presentationLink link:definitionLink link:calculationLink 018 - Disclosure - LONG-LIVED ASSETS (Tables) link:presentationLink link:definitionLink link:calculationLink 019 - Disclosure - DEBT (Tables) link:presentationLink link:definitionLink link:calculationLink 020 - Disclosure - ACCRUED STOCK PAYABLE (Tables) link:presentationLink link:definitionLink link:calculationLink 021 - Disclosure - DERIVATIVE WARRANT LIABILITY (Tables) link:presentationLink link:definitionLink link:calculationLink 022 - Disclosure - STOCKHOLDERS' EQUITY (Tables) link:presentationLink link:definitionLink link:calculationLink 023 - Disclosure - SEGMENT INFORMATION (Tables) link:presentationLink link:definitionLink link:calculationLink 024 - Disclosure - NATURE OF OPERATIONS, HISTORY AND PRESENTATION (Details) link:presentationLink link:definitionLink link:calculationLink 025 - Disclosure - BUSINESS ACQUISITIONS (Details) link:presentationLink link:definitionLink link:calculationLink 026 - Disclosure - BUSINESS ACQUISITIONS (Details) - IPG Acquisition, Aggregate Consideration link:presentationLink link:definitionLink link:calculationLink 027 - Disclosure - BUSINESS ACQUISITIONS (Details) - IPG Acquisition, Purchase Price Allocation link:presentationLink link:definitionLink link:calculationLink 028 - Disclosure - BUSINESS ACQUISITIONS (Details) - IPG Acquisition, Pro Forma Effects link:presentationLink link:definitionLink link:calculationLink 029 - Disclosure - BUSINESS ACQUISITIONS (Details) - Chiefton Acquisition, Aggregate Consideration link:presentationLink link:definitionLink link:calculationLink 030 - Disclosure - BUSINESS ACQUISITIONS (Details) - Chiefton Acquisition, Purchase Price Allocation link:presentationLink link:definitionLink link:calculationLink 031 - Disclosure - LONG-LIVED ASSETS (Details) link:presentationLink link:definitionLink link:calculationLink 032 - Disclosure - LONG-LIVED ASSETS (Details) - Intangible assets link:presentationLink link:definitionLink link:calculationLink 033 - Disclosure - DEBT (Details) link:presentationLink link:definitionLink link:calculationLink 034 - Disclosure - DEBT (Details) - Schedule of Long-term Debt Instruments link:presentationLink link:definitionLink link:calculationLink 035 - Disclosure - DEBT (Details) - Schedule of Maturities of Long-term Debt link:presentationLink link:definitionLink link:calculationLink 036 - Disclosure - ACCRUED STOCK PAYABLE (Details) link:presentationLink link:definitionLink link:calculationLink 037 - Disclosure - ACCRUED STOCK PAYABLE (Details) - Changes in accrued common stock payable link:presentationLink link:definitionLink link:calculationLink 038 - Disclosure - DERIVATIVE WARRANT LIABILITY (Details) - Schedule of Assumptions for Determining Derivative Warrant Liability Fair Value link:presentationLink link:definitionLink link:calculationLink 039 - Disclosure - DERIVATIVE WARRANT LIABILITY (Details) - Schedule of Derivative Warrant Liability Fair Value link:presentationLink link:definitionLink link:calculationLink 040 - Disclosure - DERIVATIVE WARRANT LIABILITY (Details) - Schedule of Derivative Warrant Liability Gain (Loss) link:presentationLink link:definitionLink link:calculationLink 041 - Disclosure - STOCKHOLDERS' EQUITY (Details) link:presentationLink link:definitionLink link:calculationLink 042 - Disclosure - STOCKHOLDERS' EQUITY (Details) - Share-based expense link:presentationLink link:definitionLink link:calculationLink 043 - Disclosure - STOCKHOLDERS' EQUITY (Details) - Share-based compensation costs, Employee Awards, Fair Value Assumptions link:presentationLink link:definitionLink link:calculationLink 044 - Disclosure - STOCKHOLDERS' EQUITY (Details) - Schedule of Stockholders' Equity, Warrants or Rights link:presentationLink link:definitionLink link:calculationLink 045 - Disclosure - STOCKHOLDERS' EQUITY (Details) - Share-based compensation costs, Consulting Awards, Fair Value Assumptions link:presentationLink link:definitionLink link:calculationLink 046 - Disclosure - STOCKHOLDERS' EQUITY (Details) - Share-based compensation costs, DB Option Agreement, Fair Value Assumptions link:presentationLink link:definitionLink link:calculationLink 047 - Disclosure - SUBSEQUENT EVENTS (Details) link:presentationLink link:definitionLink link:calculationLink 048 - Disclosure - SEGMENT INFORMATION (Details) - Schedule of Segment Reporting Information, by Segment link:presentationLink link:definitionLink link:calculationLink 049 - Disclosure - SEGMENT INFORMATION (Details) - Assets by segment link:presentationLink link:definitionLink link:calculationLink 000 - Disclosure - Document And Entity Information link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 7 cann-20160930_cal.xml EX-101.DEF 8 cann-20160930_def.xml EX-101.LAB 9 cann-20160930_lab.xml EX-101.PRE 10 cann-20160930_pre.xml XML 11 R1.htm IDEA: XBRL DOCUMENT v3.5.0.2
Document And Entity Information - shares
9 Months Ended
Sep. 30, 2016
Nov. 07, 2016
Document and Entity Information [Abstract]    
Entity Registrant Name GENERAL CANNABIS CORP  
Document Type 10-Q  
Current Fiscal Year End Date --12-31  
Entity Common Stock, Shares Outstanding   15,607,921
Amendment Flag false  
Entity Central Index Key 0001477009  
Entity Current Reporting Status Yes  
Entity Voluntary Filers No  
Entity Filer Category Smaller Reporting Company  
Entity Well-known Seasoned Issuer No  
Document Period End Date Sep. 30, 2016  
Document Fiscal Year Focus 2016  
Document Fiscal Period Focus Q3  
XML 12 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 1,064,606 $ 58,711
Accounts receivable 267,694 124,553
Prepaid expenses and other current assets 59,055 46,734
Inventory, net 27,145 15,518
Total current assets 1,418,500 245,516
Property and equipment, net 1,700,813 1,725,268
Intangible assets, net 1,268,668 1,524,927
Goodwill 187,000 187,000
Total Assets 4,574,981 3,682,711
Current Liabilities    
Accounts payable and accrued expenses 457,526 293,532
Interest payable 63,032 84,720
Line of credit – related party 1,297,500 800,000
Notes payable (net of debt discount of $279,435 as of December 31, 2015), current portion   986,475
Deferred rental revenue and customer deposits 66,138 33,146
Accrued stock payable 663,000 1,532,420
Derivative warrant liability 15,386,000  
Total current liabilities 17,933,196 3,730,293
Notes payable (net of debt discount of $2,419,800 and $ --, respectively, as of September 30, 2016 and December 31, 2015), less current portion 580,200 151,397
Tenant deposits 8,854 9,204
Total Liabilities 18,522,250 3,890,894
Commitments and Contingencies
Stockholders’ Equity (Deficit)    
Preferred stock, no par value; 5,000,000 share authorized; no shares issued and outstanding at September 30, 2016 and December 31, 2015
Common Stock, $0.001 par value; 100,000,000 shares authorized; 15,495,421 shares and 14,915,421 shares issued and outstanding on September 30, 2016 and December 31, 2015, respectively 15,495 14,915
Additional paid-in capital 19,436,411 16,204,280
Accumulated deficit (33,399,175) (16,427,378)
Total Stockholders’ Deficit (13,947,269) (208,183)
Total Liabilities & Stockholders’ Deficit $ 4,574,981 $ 3,682,711
XML 13 R3.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Debt discount (in Dollars)   $ 279,435
Debt discount (in Dollars) $ 2,419,800  
Preferred stock, value (in Dollars per share) $ 0 $ 0
Preferred stock, shares authorized 5,000,000 5,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common Stock, par value (in Dollars per share) $ 0.001 $ 0.001
Common Stock, shares authorized 100,000,000 100,000,000
Common Stock, shares issued 15,495,421 14,915,421
Common Stock, shares outstanding 15,495,421 14,915,421
XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES        
Service $ 704,489 $ 554,458 $ 1,988,584 $ 948,561
Tenant 25,565 29,365 93,398 93,954
Product Sales 80,326 9,494 122,452 34,861
Total revenues 810,380 593,317 2,204,434 1,077,376
COSTS AND EXPENSES        
Cost of service revenues 477,287 416,838 1,393,445 673,926
Cost of goods sold 77,252 28,144 112,649 67,786
Selling, general and administrative 488,543 406,711 1,300,051 1,027,394
Share-based expense 872,217 863,709 1,974,191 4,967,799
Professional fees 95,520 70,594 276,706 321,091
Depreciation and amortization 97,988 54,160 292,329 130,038
Total costs and expenses 2,108,807 1,840,156 5,349,371 7,188,034
OPERATING LOSS (1,298,427) (1,246,839) (3,144,937) (6,110,658)
OTHER EXPENSE (INCOME)        
Amortization of debt discount and deferred financing costs 111,837 285,090 327,455 661,915
Interest expense 5,276,550 166,306 5,381,125 314,011
Loss on extinguishment of debt 1,728,280   2,086,280  
Net loss (gain) on derivative liability 6,032,000   6,032,000 (210,634)
Total other expense (income), net 13,148,667 451,396 13,826,860 765,292
NET LOSS $ (14,447,094) $ (1,698,235) $ (16,971,797) $ (6,875,950)
PER SHARE DATA – Basic and diluted        
Net loss per share (in Dollars per share) $ (0.93) $ (0.12) $ (1.11) $ (0.50)
Weighted average number of common shares outstanding (in Shares) 15,495,421 14,399,029 15,270,968 13,847,561
XML 15 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES $ (16,971,797) $ (6,875,950)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Amortization of debt discount and deferred financing costs 327,455 663,747
Loss on extinguishment of debt 2,086,280  
Initial fair value of derivative warrant liability included as interest expense 5,189,000  
Loss (gain) on derivative liability, net 6,032,000 (210,634)
Depreciation and amortization expense 292,329 130,038
Equity-based payments 1,974,191 4,964,218
Changes in operating assets and liabilities (net of amounts acquired):    
Accounts receivable (143,141) (72,264)
Prepaid expenses and other assets (12,321) (89,405)
Inventory (11,627) 40,013
Accounts payable and accrued liabilities 174,948 335,150
Net cash used in operating activities: (1,062,683) (1,115,087)
INVESTING ACTIVITIES    
Purchase of property and equipment (11,615) (54,960)
Net cash used in investing activities (11,615) (54,960)
FINANCING ACTIVITIES    
Borrowings under notes payable 2,500,000 659,000
Increase in line of credit -- related party 497,500 365,000
Payments on notes payable (917,307) (4,701)
Proceeds from warrant exercises   86,171
Net cash provided by financing activities 2,080,193 1,105,470
NET INCREASE (DECREASE) IN CASH 1,005,895 (64,577)
CASH, BEGINNING OF PERIOD 58,711 165,536
CASH, END OF PERIOD 1,064,606 100,959
SUPPLEMENTAL SCHEDULE OF CASH FLOW INFORMATION    
Cash paid for interest 213,813 173,627
NON-CASH TRANSACTIONS    
Issuance of common stock and warrants from accrued stock payable 1,069,775 114,693
Derivative warrant liability recorded as debt discount 2,450,000  
Warrants issued in connection with debt recorded as debt discount 31,100 297,931
10% Notes and 14% Mortgage Note Payable converted to 12% Notes $ 550,000  
Convertible notes payable settled in common stock   320,000
Issuance of common stock upon cashless conversion of warrants by Full Circle   3,683,270
IPG Acquisition [Member]    
NON-CASH TRANSACTIONS    
Acquisition with common stock payable and warrants   1,887,000
Chiefton Acquisition [Member]    
NON-CASH TRANSACTIONS    
Acquisition with common stock payable and warrants   $ 69,400
XML 16 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
NATURE OF OPERATIONS, HISTORY AND PRESENTATION
9 Months Ended
Sep. 30, 2016
Disclosure Text Block [Abstract]  
Nature of Operations [Text Block]

NOTE 1.   NATURE OF OPERATIONS, HISTORY AND PRESENTATION


Nature of Operations


General Cannabis Corporation (the “Company,” “we,” “us,” “our,” or “GCC”) (formerly, Advanced Cannabis Solutions, Inc.), was incorporated in Colorado on June 3, 2013, and provides products and services to the regulated cannabis industry.  On April 28, 2015, our common stock was uplisted and resumed quotation on the OTC Market’s OTCQB on May 6, 2015.  Our operations are segregated into the following four reportable segments:


Security and Cash Management Services


In March 2015, we acquired substantially all of the assets of Iron Protection Group, LLC, a Colorado limited liability company, which continues to do business as “Iron Protection Group.” Iron Protection Group (“IPG”) provides advanced security, including on-site professionals, video surveillance and cash transport, to licensed cannabis cultivators and retail shops. As of September 30, 2016, IPG had approximately 71 security guards on staff who serve 16 clients throughout Colorado.


Marketing and Products


In September 2015, we acquired substantially all of the assets of Chiefton Supply Co., and established a dba of Chiefton Supply Co., incorporated in Colorado (“Chiefton”).  Chiefton is an apparel and design company.  Chiefton Supply designs, distributes and sells apparel featuring graphic designs.  Our apparel is purchased and screen printed by third parties, for which there are numerous suppliers.  Chiefton Design provides design, branding and marketing strategy consulting services to the cannabis community.


In April 2016, we relaunched GC Supply, dedicated to providing wholesale equipment and supplies to participants in the regulated cannabis industry.  We provide turnkey sourcing and stocking services to cultivation, retail and infused products manufacturing facilities.  Offerings will include infrastructure, equipment, consumables, various delivery technologies (vaporizers and capsules) and compliance packaging.  GC Supply operates out of a leased, 1,800 square-foot warehouse located in Colorado Springs, Colorado.


Consulting and Advisory


Through Next Big Crop we deliver comprehensive cannabis industry consulting services that include obtaining licenses, compliance, cultivation, retail operations, logistical support, facility design and building services, and expansion of existing operations. Next Big Crop’s business plan is based on the future growth of the regulated cannabis market in the United States.


Finance and Real Estate


Real Estate Leasing


We own a cultivation property in a suburb of Pueblo, Colorado, consisting of approximately three acres of land, which currently includes a 5,000 square foot steel building and parking lot. The property is zoned for cultivating cannabis and is leased to a medical cannabis grower until December 31, 2022.


Our real estate leasing business plan includes the potential future acquisition and leasing of cultivation space and related facilities to licensed marijuana growers and dispensary owners for their operations. Management anticipates that these facilities would range in size from 5,000 to 50,000 square feet. These facilities would only be leased to tenants that possess the requisite state licenses to operate cultivation facilities. The leases with the tenants would include certain requirements that permit us to continually evaluate our tenants’ compliance with applicable laws and regulations.


Shared Office Space, Networking and Event Services   


In October 2014, we purchased a former retail bank located at 6565 East Evans Avenue, Denver, Colorado 80224, which has been branded as The Greenhouse (“The Greenhouse”).  The building is a 16,056 square-foot facility, which we use as our corporate headquarters and Chiefton’s retail location.


The Greenhouse has approximately 10,000 square feet of existing office space and 5,000 square feet on its ground floor that is dedicated to a consumer banking design.  We continue to assess the opportunity to lease shared workspace for entrepreneurs, professionals and others serving the cannabis industry.  Clients would be able to lease space to use as offices, meeting rooms, lecture, educational and networking facilities, and individual workstations.


Industry Finance


Our industry finance strategy includes evaluating opportunities to make direct term loans or to provide revolving lines of credit to businesses involved in the cultivation and sale of cannabis and related products.  These loans would generally be secured to the maximum extent permitted by law.  We believe there is a significant demand for this financing.  We are assessing other finance services including customized finance, capital formation, and banking, for participants in the cannabis industry.


On November 4, 2015, we entered into an agreement (the “DB Option Agreement”) with Infinity Capital, a related party, which was amended on March 29, 2016 (the “Amended DB Option Agreement”) and on September 16, 2016 (the “Second Amended DB Option Agreement”).  Pursuant to the Amended DB Option Agreement, we have the right to purchase all of Infinity Capital’s interest in DB Products Arizona, LLC (“DB”) at Infinity Capital’s actual cost, plus $1.00, or $800,001. The interests for which the option has been granted are Infinity Capital’s 50% equity interest in the membership interests of DB, and any outstanding unpaid principal and interest owed on promissory note(s) issued by DB in favor of Infinity Capital for up to $800,000.  DB is involved in the production and distribution of Dixie Brands, Inc.’s full line of medical cannabis “Dixie Elixirs and Edibles” products in Arizona.  DB expects to begin sales in 2016.  We have no obligation to exercise the option, which expires September 30, 2018.


Basis of Presentation


The accompanying (a) condensed consolidated balance sheet at December 31, 2015, has been derived from audited financial statements and (b) condensed consolidated unaudited financial statements as of September 30, 2016 and 2015, have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements, and should be read in conjunction with the audited consolidated financial statements and related footnotes included in our Annual Report on Form 10-K for the year ended December 31, 2015 (the “2015 Annual Report”), filed with the Securities and Exchange Commission (the “SEC”) on March 25, 2016.  It is management’s opinion, however, that all material adjustments (consisting of normal recurring adjustments), have been made which are necessary for a fair financial statements presentation. The condensed consolidated financial statements include all material adjustments (consisting of normal recurring accruals) necessary to make the condensed consolidated financial statements not misleading as required by Regulation S-X, Rule 10-01. Operating results for the three and nine months ended September 30, 2016, are not necessarily indicative of the results of operations expected for the year ending December 31, 2016.


The condensed consolidated financial statements include the results of GCC and its five wholly-owned subsidiary companies: (a) ACS Colorado Corp., a Colorado corporation formed in 2013; (b) Advanced Cannabis Solutions Corporation, a Colorado corporation formed in 2013; (c) 6565 E. Evans Avenue LLC, a Colorado limited liability company formed in 2014; (d) General Cannabis Capital Corporation, a Colorado corporation formed in 2015; and (e) GC Security LLC (“GCS”), a Colorado limited liability company formed in 2015.  Advanced Cannabis Solutions Corporation has one wholly-owned subsidiary company, ACS Corp., which was formed in Colorado on June 6, 2013.  Intercompany accounts and transactions have been eliminated.


Certain reclassifications have been made to the prior period condensed consolidated financial statements to conform to the current period presentation. The reclassifications had no effect on net loss, total assets, or total stockholders’ equity (deficit).


Going Concern


The condensed consolidated financial statements have been prepared on a going concern basis, which assumes we will be able to realize our assets and discharge our liabilities in the normal course of business for the foreseeable future.  The ability to continue as a going concern is dependent upon our generating profitable operations in the future and / or obtaining the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. Management believes that actions presently being taken to further implement our business plan and generate additional revenues provide opportunity for the Company to continue as a going concern.  While we believe in the viability of our strategy to generate additional revenues and our ability to raise additional funds, there can be no assurances to that effect.


We had an accumulated deficit of $33,399,175 and $16,427,378, respectively, at September 30, 2016 and December 31, 2015, and further losses are anticipated in the development of our business. Accordingly, there is substantial doubt about our ability to continue as a going concern. The accompanying condensed consolidated financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.


Significant Accounting Policy Updates


Debt and Derivative Liability


If we issue debt with warrants that have certain terms, such as a clause requiring repricing, the warrants are considered to be a derivative that is recorded as a liability at fair value.  If the initial value of the warrant derivative liability is higher than the fair value of the associated debt, the excess is recognized immediately as interest expense.  The warrant derivative liability is adjusted to its fair value at the end of each reporting period, with the change being recorded as expense.  Due to the complexity of such warrant derivatives, we use the binomial model to estimate their fair value.  The derivative warrant liability is a level three fair value measurement.


Modification of Debt Instruments


Modifications or exchanges of debt, which are not considered a troubled debt restructuring, are considered extinguishments if the terms of the new debt and the original instrument are substantially different.  The instruments are considered substantially different when the present value of the cash flows under the terms of the new debt instrument are at least 10% different from the present value of the remaining cash flows under the terms of the original instrument.  The fair value of non-cash consideration associated with the new debt instrument, such as warrants, are included as a day one cash flow in the 10% cash flow test.  If the original and new debt instruments are substantially different, the original debt is derecognized and the new debt is initially recorded at fair value, with the difference recognized as an extinguishment gain or loss.


Recently Issued Accounting Standards


Financial Accounting Standards Board, or FASB, Accounting Standards Update, or FASB ASU 2016-15 “Statement of Cash Flows (Topic 230)” – In August 2016, the FASB issued 2016-15.  Stakeholders indicated that there is a diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows.  ASU 2016-15 addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice.  This ASU is effective for annual reporting periods beginning after December 15, 2017, and interim periods within those fiscal years.  Early adoption is permitted.  Adoption of this ASU will not have a significant impact on our statement of cash flows.


FASB ASU 2016-12 “Revenue from Contracts with Customers (Topic 606)” – In May 2016, the FASB issued 2016-12.  The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  ASU 2016-12 provides clarification on assessing collectability, presentation of sales taxes, noncash consideration, and completed contracts and contract modifications.  This ASU is effective for annual reporting periods beginning after December 15, 2017, with the option to adopt as early as December 15, 2016. We are currently assessing the impact of adoption of this ASU on our consolidated results of operations, cash flows and financial position.


FASB ASU 2016-11 “Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815)” – In May 2016, the FASB issued 2016-11, which clarifies guidance on assessing whether an entity is a principal or an agent in a revenue transaction.  This conclusion impacts whether an entity reports revenue on a gross or net basis.  This ASU is effective for annual reporting periods beginning after December 15, 2017, with the option to adopt as early as December 15, 2016. We are currently assessing the impact of adoption of this ASU on our consolidated results of operations, cash flows and financial position.


FASB ASU 2016-10 “Revenue from Contracts with Customers (Topic 606)” – In April 2016, the FASB issued ASU 2016-10, clarify identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas.  This ASU is effective for annual reporting periods beginning after December 15, 2017, with the option to adopt as early as December 15, 2016. We are currently assessing the impact of adoption of this ASU on our consolidated results of operations, cash flows and financial position.


FASB ASU 2016-09 “Compensation – Stock Compensation (Topic 718)” – In March 2016, the FASB issued ASU 2016-09, which includes multiple provisions intended to simplify various aspects of accounting for share-based payments.  While aimed at reducing the cost and complexity of the accounting for share-based payments, the amendments are expected to significantly impact net income, earnings per share, and the statement of cash flows.  Implementation and administration may present challenges for companies with significant share-based payment activities.  This ASU is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years.  We are currently evaluating the potential impact this standard will have on our consolidated financial statements and related disclosures.


FASB ASU 2016-02 “Leases (Topic 842)” – In February 2016, the FASB issued ASU 2016-02, which will require lessees to recognize almost all leases on their balance sheet as a right-of-use asset and a lease liability.  For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance.  Classification will be based on criteria that are largely similar to those applied in current lease accounting, but without explicit bright lines.  Lessor accounting is similar to the current model, but updated to align with certain changes to the lessee model and the new revenue recognition standard.  This ASU is effective for fiscal years beginning after December 18, 2018, including interim periods within those fiscal years.  We are currently evaluating the potential impact this standard will have on our consolidated financial statements and related disclosures.


XML 17 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
BUSINESS ACQUISITIONS
9 Months Ended
Sep. 30, 2016
Business Combinations [Abstract]  
Business Combination Disclosure [Text Block]

NOTE 2.   BUSINESS ACQUISITIONS


IPG Acquisition


On March 26, 2015, GCS, our wholly-owned subsidiary, entered into an Asset Purchase Agreement (the “IPG APA”) by and among us, GCS and Iron Protection Group, LLC, a Colorado limited liability company (the “Seller”), whereby GCS agreed to acquire substantially all of the assets of Seller (the “IPG Acquisition”). Pursuant to the terms of the IPG APA, we delivered to Seller 500,000 restricted shares of our common stock, which vested over a one-year period (100,000 shares on October 1, 2015; 200,000 shares on January 1, 2016; and 200,000 shares on April 1, 2016).


In addition, we delivered to Seller three-year warrants (the “IPG Warrants”) to purchase an aggregate of 500,000 shares of our common stock at an exercise price of: (i) $4.50 for warrants to purchase 250,000 shares, and (ii) $5.00 for warrants to purchase another 250,000 shares. The IPG APA contains certain provisions that require Seller to forfeit a portion of the stock consideration in the event that Seller violates its obligations under the IPG APA relating to non-competition and non-disclosure. The closing date of the IPG Acquisition was March 26, 2015, and we calculated the purchase price of the IPG Acquisition to be approximately $1,887,000. At the acquisition date and pursuant to the IPG APA, we did not assume any of the Seller’s liabilities and there were no tangible assets of significance.


The aggregate consideration was as follows:


Common stock payable

$

1,054,000

Warrants issued with $4.50 exercise price

 

421,000

Warrants issued with $5.00 exercise price

 

412,000

 

$

1,887,000


The 500,000 shares of common stock were valued based on the closing price per share on March 26, 2015, or $2.48, reduced by a discount of 15% due to restrictions in the ability to trade our common stock.  The $1,054,000 value of stock consideration was originally recorded as accrued stock payable on the condensed consolidated balance sheet, which was then reduced as we issued common stock according to the vesting schedule.  As of September 30, 2016, all common stock has been issued.


The purchase price allocation was as follows:


Intangible assets:

 

 

Customer relationship intangible

$

1,000,000

Marketing-related intangibles

 

200,000

Non-compete agreements

 

500,000

Goodwill

 

187,000

 

$

1,887,000


We finalized the purchase price allocation in the fourth quarter of the year ended December 31, 2015. 


In connection with our acquisition of IPG, we agreed to issue to the sole shareholder of the Seller 100,000 fully vested warrants to purchase shares of our common stock if revenues of the Security segment exceeded $3,000,000 for the year ended December 31, 2015, with an exercise price of $2.48.  This condition was not met during the year ended December 31, 2015, so no value was recorded for these warrants.


The accompanying condensed consolidated financial statements include the results of IPG from the date of acquisition, March 26, 2015.  The pro forma effects of the acquisition on the results of operations as if the transaction had been completed on January 1, 2015, are as follows:


 

 

Nine months ended

September 30, 2015

(Unaudited)

Total net revenues

$

1,447,122

Net loss

 

(6,822,689)

Net loss per common share:

 

 

Basic and diluted

$

(0.48)


Chiefton Acquisition


On September 25, 2015, we closed an asset purchase agreement for the purchase of substantially all the assets of Chiefton Supply Co., a Colorado corporation, and established a dba within GCC of Chiefton.  This acquisition expands our service offerings in the cannabis industry and provides a new revenue stream.


We acquired the Chiefton assets for consideration of 80,000 restricted shares of our common stock.  The aggregate consideration was as follows:


Cash

$

12,249

Common stock

 

69,400

Aggregate consideration

$

81,649


The value of the common stock consideration was estimated based on our closing common stock price on September 25, 2015, or $1.02 per share, reduced by a discount of 15% due to restrictions in the ability to trade our shares.  The $69,400 value of stock consideration was originally included in accrued stock payable on the condensed consolidated balance sheet.  As of September 30, 2016, all common stock has been issued.


The purchase price allocation is as follows:


Inventory

$

12,249

Intangible assets – intellectual property

 

69,400

 

$

81,649


We finalized the purchase price allocation in the fourth quarter of the year ended December 31, 2015. 


XML 18 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
LONG-LIVED ASSETS
9 Months Ended
Sep. 30, 2016
Longlived Assets [Abstract]  
Longlived Assets [Text Block]

NOTE 3.   LONG-LIVED ASSETS


Property and Equipment


Depreciation expense was $11,944 and $5,574, respectively, for the three months ended September 30, 2016 and 2015, and $36,070 and $16,723, respectively, for the nine months ended September 30, 2016 and 2015.  We have not recognized any impairment as of September 30, 2016.


Intangible Assets


Intangible assets consisted of the following as of September 30, 2016:


 

 

Gross

 

Accumulated Amortization

 

Net

 

Estimated Life

(in years)

Customer relationship intangible

$

1,000,000

$

151,782

$

848,218

 

10

Marketing-related intangibles

 

200,000

 

60,712

 

139,288

 

5

Non-compete agreements

 

500,000

 

252,968

 

247,032

 

3

Chiefton brand and graphic designs

 

69,400

 

35,270

 

34,130

 

2

Intangible assets, net

$

1,769,400

$

500,732

$

1,268,668

 

 


Amortization expense was $86,044 and $55,452, respectively, for the three months ended September 30, 2016 and 2015, and $256,259 and $113,315, respectively, for the nine months ended September 30, 2016 and 2015.  We have not recognized any impairment as of September 30, 2016.


Goodwill


In connection with our purchase of IPG, we recorded goodwill of $187,000. We have not recognized any impairment as of September 30, 2016.


XML 19 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
DEBT
9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block]

NOTE 4.    DEBT


Line of Credit – Related Party


In February 2015, we issued a senior secured note to Infinity Capital, LLC (“Infinity Capital”), as amended in April 2015, bearing 5% interest payable monthly in arrears commencing June 30, 2015 (the “Infinity Note”).   Infinity Capital, an investment management company, was founded and is controlled by our chairman of the board, Michael Feinsod, a related party.  On July 1, 2015, the outstanding principal and interest of $309,000 was settled by our issuing a 10% private placement note.  Subsequent to the settlement on July 1, 2015, we continued to borrow under the Infinity Note.  Interest expense for the Infinity Note for the nine months ended September 30, 2016, was approximately $26,540, and approximately $38,268 was accrued as of September 30, 2016.  The maturity date of the Infinity Note was August 31, 2015, however, under the terms of the 12% Notes no payments may be made before those notes are retired.


Notes Payable


 

 

September 30,

2016

 

December 31,

2015

12% September 2016 notes

$

3,000,000

$

--

10% private placement notes

 

--

 

659,000

14% mortgage note payable (The Greenhouse)

 

--

 

600,000

8.5% convertible note payable (Pueblo West Property)

 

--

 

158,307

 

 

3,000,000

 

1,417,307

Unamortized debt discount

 

(2,419,800)

 

(279,435)

 

 

580,200

 

1,137,872

Less: Current portion

 

--

 

(986,475)

Long-term portion

$

580,200

$

151,397


12% September 2016 Notes


In September 2016, we completed a $3,000,000 private placement pursuant to a promissory note and warrant purchase agreement (the “12% Agreement”) with certain accredited investors, bearing interest at 12%, with interest and principal due September 21, 2018 (each such note, a “12% Note,” and collectively, the “12% Notes”).  In the event of default, the interest rate increases to 18%.  The 12% Notes are collateralized by a security interest in substantially all of our assets.  We may prepay the 12% Notes at any time, but in any event must pay at least one year of interest.  


Subject to the terms and conditions of the 12% Agreement, each investor was granted fully-vested warrants equal to their note principal times three (the “12% Warrants”), or nine million warrants, with a life of three years.  4.5 million warrants have an exercise price of $0.35 per share and the other 4.5 million warrants have an exercise price of $0.70 per share.  Should we issue any equity-based instruments at a price lower than the exercise price(s) of the 12% Warrants, other than under our Incentive Plan, the exercise price(s) of the 12% Warrants will be adjusted to the lower price.  The 12% Warrants may be exercised at the option of the holder (a) by paying cash, (b) by applying the amount due under the 12% Notes as consideration, or (c) if there is no effective registration statement for the 12% Warrants within six months of being granted, the holder may exercise on a cashless basis.  Since the 12% Warrants include a clause requiring repricing, the warrants are considered to be a derivative that is recorded as a liability at fair value.


We received $2,450,000 of cash for issuing the 12% Notes.  $300,000 of 10% Notes and $250,000 of the 14% Mortgage Note Payable were converted into 12% Notes.  We concluded that these conversions met the criteria for a debt extinguishment and, accordingly, recorded a loss on extinguishment of $1,728,280 for the three and nine months ended September 30, 2016.  The loss on extinguishment represents the fair value of the 12% Warrants issued to the previous 10% Note holders and the 14% Mortgage Note Payable lender.  The fair value of the 12% Warrants not associated with the conversions was recorded as a debt discount of $2,450,000 and interest expense of $5,189,000.  The 12% Notes are otherwise treated as conventional debt.


8% August 2016 Notes


In August 2016, we completed a private placement pursuant to a promissory note and warrant purchase agreement (the “8% Notes”) with two accredited investors, bearing interest at 8%, payable on demand by the lenders.  Subject to the terms of the 8% Notes, we issued 100,000 warrants having an exercise price of $0.78 per share, with a life of three years.  We received cash of $50,000.  The debt is treated as conventional debt and the fair value of the warrants is included in additional paid-in capital.  Since the 8% Notes are payable on demand, the $31,100 fair value of the warrants was expensed immediately, included in amortization of debt discount on the condensed statements of operations for the three and nine months ended September 30, 2016.  One of the 8% Notes was with one of our board members.  Both 8% Notes were paid off with proceeds from the 12% Notes in September 2016.


10% Private Placement Notes


In September 2016, we extinguished the 10% Notes by paying cash of $359,000 and converting $300,000 into 12% Notes.


In 2015, we completed a private placement pursuant to a promissory note and warrant purchase agreement (the “10% Agreement”) with certain accredited investors, bearing interest at 10% payable quarterly (each such note, a “10% Note,” and collectively, the “10% Notes”).  Subject to the terms and conditions of the 10% Agreement, each investor is granted fully-vested warrants equal to their note principal divided by two (the “10% Warrants”) (with standard dilution clauses).  The 10% Warrants are exercisable for a period of eighteen months after grant date and have an exercise price of $1.08 per share.  The debt is treated as conventional debt.  The 10% Notes are collateralized by a security interest in substantially all of our assets.


$309,000 of the 10% Notes were due to a related party, Infinity Capital.  For the nine months ended September 30, 2016, approximately $22,500 of interest expense under the 10% Notes relates to Infinity Capital.  The Infinity Capital portion of the principle and accrued interest of the 10% Notes was settled for cash of $347,000, in September 2016.


On June 3, 2016, we reached an agreement with the 10% Note holders to extend the maturity date from May 1, 2016 to January 31, 2017.  In exchange for the extension, we issued the holders an aggregate of 659,000 additional warrants to purchase our common stock at $1.07 per share for a period of five years, with an aggregate fair value of $358,000, determined using Black-Scholes, a risk-free rate of 1.2% and volatility of 151%.  We concluded that this modification of the debt instruments met the criteria for a debt extinguishment and, accordingly, recorded additional paid-in capital and a loss on extinguishment of debt of $358,000 during the three months ended June 30, 2016, .  Absent the warrants, the fair value of the new debt remained the same as the fair value of the original debt.


14% Mortgage Note Payable (The Greenhouse)


In September 2016, we extinguished the Greenhouse Mortgage by paying cash of $350,000 and converting $250,000 into 12% Notes.  The remaining unamortized debt discount of $13,280 was included in loss on extinguishment of debt in the condensed statements of operations during the three and nine months ended September 30, 2016.


In October 2014, we executed a mortgage on The Greenhouse in the amount of $600,000, bearing 14.0% interest payable monthly, with a maturity date of October 21, 2016 (the “Greenhouse Mortgage”).  The debt is treated as conventional debt.


In addition, we granted warrants to Evans Street Lendco LLC (“Evans Lendco”), the note holder of the Greenhouse Mortgage, which expire on October 21, 2016.  The warrants vested immediately and allowed for Evans Lendco to purchase 600,000 shares of our common stock at a price of $4.40 per share, (with standard dilution clauses).  Due to the drop in our stock price, on July 29, 2015, we agreed with Evans Lendco to replace the warrants previously issued to Evans Lendco with warrants to purchase 225,000 shares of our stock at $1.20 per share with a term of two years.  The estimated fair value of the replacement warrants is less than the fair value of the original warrants on their date of grant.  Accordingly, we continued to amortize the remaining fair value of the original warrants over the remaining life of the underlying debt until the debt was extinguished in September 2016.


8.5% Convertible Note Payable (Pueblo West Property)


In September 2016, we extinguished the Pueblo Mortgage by paying cash of $153,189.


In December 2013, we executed a mortgage on our Pueblo West Property in the amount of $170,000, bearing 8.5% interest with monthly principal and interest payments totaling $1,674, with the balance due on December 31, 2018 (the “Pueblo Mortgage”). This note is convertible at any time at $5.00 per share.


Derivative treatment is not required, as the conversion feature meets the scope exception. The conversion feature is not beneficial, because the conversion price was higher than the stock price on the commitment date.  Accordingly, we treated the Pueblo Mortgage as conventional debt.


12% Convertible Notes


Conversion of 12% Convertible Notes


During the year ended December 31, 2015, lenders converted $321,123 of 12% Convertible Notes for 64,225 shares of our common stock.  The December 2013 Issuance and the January 2014 Issuance (collectively, the “12% Convertible Notes”) included a provision that if the trading stock price exceeded $10 for twenty consecutive trading days and the daily volume for those twenty consecutive trading days exceeds 25,000 shares, then the 12% Convertible Notes convert into shares of our common stock on or after December 1, 2015.  As of April 24, 2014, these parameters were met.  On December 1, 2015, the remaining $1,330,000 of convertible notes was automatically converted to 266,000 shares of our common stock.


December 2013 Issuance


In December 2013, we entered into convertible promissory notes with various third parties totaling $530,000 (the “December 2013 Issuance”). The principal amounts of these notes ranged between $10,000 and $150,000. The notes required quarterly interest payments at 12%, and were convertible into shares of our common stock at a conversion rate of $5.00 per share (with standard dilution clauses).


Derivative treatment was not required, as the conversion feature met the scope exception. The conversion feature was not beneficial, because the conversion price was higher than the stock price on the commitment date.  Accordingly, we treated the December 2013 Issuance as conventional debt.


January 2014 Issuance


In January 2014, we entered into convertible promissory notes with various third parties totaling $1,605,000 (the “January 2014 Issuance”). The principal amounts of these notes ranged between $10,000 and $200,000. The notes required quarterly interest payments at 12%, and were convertible into shares of our common stock at a conversion rate of $5.00 per share (with standard dilution clauses).


Derivative treatment was not required, as the conversion feature met the scope exception.  Since the initial conversion price was less than the market value of the common stock at the time of issuance, it was determined that a beneficial conversion feature existed. The intrinsic value of the beneficial conversion feature and the combined value of the debt discount resulted in a value greater than the value of the debt and, as such, the total discount was limited to the value of the debt balance of $1,605,000.


Annual maturities of long-term debt (excluding unamortized discount) for the next three years, consist of:


Year ending December 31,

 

 

2016

$

--

2017

 

--

2018

 

3,000,000

 

$

3,000,000


XML 20 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2
ACCRUED STOCK PAYABLE
9 Months Ended
Sep. 30, 2016
Accrued Stock Payable [Abstract]  
Accrued Stock Payable [Text Block]

NOTE 5.  ACCRUED STOCK PAYABLE


The following tables summarize the changes in accrued common stock payable during the nine months ended September 30, 2016:


 

 

Amount

 

Number of Shares

December 31, 2015

$

1,532,420

$

730,000

IPG acquisition -- issued

 

(843,200)

 

(400,000)

Chiefton acquisition -- issued

 

(69,400)

 

(80,000)

Feinsod Agreement -- accrual

 

192,800

 

--

Consulting services -- accrual

 

6,988

 

--

Consulting services -- issued

 

(25,000)

 

(50,000)

Employment agreements -- accrual

 

567

 

--

Employment agreements -- issued

 

(132,175)

 

(50,000)

September 30, 2016

$

663,000

$

150,000


Feinsod Agreement


On August 4, 2014, we entered into an agreement with Michael Feinsod in consideration for serving as Executive Chairman of the Board and as a member of our Board of Directors (the “Board”) and pursuant to the terms of the Executive Board and Director Agreement (the “Feinsod Agreement”).  The Board approved the issuance to Infinity Capital of (a) 200,000 shares of our common stock on August 4, 2014; (b) 1,000,000 shares of our common stock upon the uplisting of our common stock to the OTC Market’s OTCQB; (c) 150,000 shares of our common stock on August 4, 2015; and (d) 150,000 shares of our common stock on August 4, 2016.  All shares, except the final tranche of 150,000 shares, have been issued as of September 30, 2016.  Mr. Feinsod must remain a member of the Board in order for the common stock to be issued.  In addition, the Feinsod Agreement requires the issuance of a number of shares of our common stock to Infinity Capital equal to 10% of any new issuances not to exceed 600,000 shares of our common stock in the aggregate during the time that Mr. Feinsod remains a member of the Board (the “New Issuance Allowance”).  Under the terms of the Feinsod Agreement, the New Issuance Allowance will not be triggered upon issuances relating to convertible securities existing as of the date of the Feinsod Agreement.  For illustrative purposes, if we issue 7,000,000 new shares of common stock, then the New Issuance Allowance issued to Infinity Capital would be capped at 600,000 shares of our common stock.  No shares have been issued under the New Issuance Allowance.


The 1,000,000 shares of our common stock were valued at $2.97 per share, based on the closing price of our common stock of $3.49 on April 27, 2015, and then reduced by 15% due to restrictions on the ability to trade our shares.  The other shares under the Feinsod Agreement were valued at $4.42 per share, based on the closing price of our common stock of $5.20 on August 4, 2014, and then reduced by 15% due to restriction on the ability to trade our common stock.  We are recognizing expense for the unissued shares ratably over the vesting period.


Employment Agreements


On May 13, 2015, we hired two individuals from Next Big Crop, an unaffiliated entity serving the cannabis industry, to service our new and existing clients. We did not purchase any existing client base from Next Big Crop and upon execution of employment agreements, granted these persons a total of 100,000 shares of our common stock with a vesting date of January 1, 2016. On the date of grant, the 100,000 shares had an initial fair value of $311,000, based on a closing price per share of our common stock of $3.11 on May 13, 2015. Due to restrictions in the ability to trade our shares, a discount of fifteen percent (15%) was applied to the fair value of the shares. After taking into consideration the illiquidity of the shares, the fair value was determined to be $264,350.  One individual forfeited his shares, so expense was only recognized for 50,000 shares.  These shares were issued in April 2016.


Consulting Agreement


On July 15, 2015, we entered into an agreement with an individual to provide consulting services to customers in exchange for 50,000 shares of our common stock to be delivered on March 15, 2016.  The fair value of the common stock is determined at the end of each reporting period and the pro rata amount earned is recognized as accrued stock payable over the term of the agreement.  These shares were issued in March 2016.


XML 21 R11.htm IDEA: XBRL DOCUMENT v3.5.0.2
DERIVATIVE WARRANT LIABILITY
9 Months Ended
Sep. 30, 2016
Disclosure Text Block [Abstract]  
Derivatives and Fair Value [Text Block]

NOTE 6.  DERIVATIVE WARRANT LIABILITY


On September 21, 2016, in connection with the 12% Notes, we issued the 12% Warrants, which are treated as a derivative liability and adjusted to fair value at the end of each period.  The underlying assumptions used in the binomial model to determine the fair value of the derivative warrant liability were:


 

 

September 21, 2016

 

September 30, 2016

Current stock price

$

1.20

$

1.91

Risk-free interest rate

 

0.92 %

 

0.77%

Expected dividend yield

 

--

 

--

Expected term (in years)

 

3.0

 

3.0

Expected volatility

 

146 %

 

146 %

Number of iterations

 

5

 

5


The initial fair value of the derivative warrant liability was recorded as follows:


Extinguishment of debt

$

1,715,000

Interest expense

 

5,189,000

Debt discount

 

2,450,000

Initial fair value of warrants issued

$

9,354,000


Changes in the derivative warrant liability were as follows:


January 1, 2016

$

--

Initial fair value of warrants issued

 

9,354,000

Increase in fair value

 

6,032,000

September 30, 2016

$

15,386,000


XML 22 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
COMMITMENTS AND CONTINGENCIES
9 Months Ended
Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block]

NOTE 7.   COMMITMENTS AND CONTINGENCIES


Legal


To the best of the Company’s knowledge and belief, no legal proceedings of merit are currently pending or threatened against the Company.


XML 23 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2
STOCKHOLDERS' EQUITY
9 Months Ended
Sep. 30, 2016
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]

NOTE 8.   STOCKHOLDERS’ EQUITY


Share-based expense consisted of the following:


 

 

Three months ended

September 30,

 

Nine months ended

September 30,

 

 

2016

 

2015

 

2016

 

2015

Employee Awards

$

740,844

$

695,788

$

1,574,906

$

1,319,355

Consulting Awards

 

103,869

 

24,196

 

151,385

 

41,650

Feinsod Agreement

 

27,504

 

143,725

 

192,800

 

3,606,794

DB Option Agreement

 

--

 

--

 

55,100

 

--

 

$

872,217

$

863,709

$

1,974,191

$

4,967,799


Employee Stock Options


On October 29, 2014, the Board authorized the adoption of and on June 26, 2015, our stockholders ratified our 2014 Equity Incentive Plan (the “Incentive Plan”).  The Incentive Plan provides for the issuance of up to 10 million shares of our common stock, and is designed to provide an additional incentive to executives, employees, directors and key consultants, aligning our long term interests with participants.  In April 2016, we filed a Registration Statement on Form S-8 (the “Registration Statement”), which automatically became effective in May 2016.  The Registration Statement relates to 10,000,000 shares of our common stock, which are issuable pursuant to, or upon exercise of, options that have been granted or may be granted under our Incentive Plan.


Share-based compensation costs for award grants to employees and directors (“Employee Awards”) are recognized on a straight-line basis over the service period for the entire award, with the amount of compensation cost recognized at any date equaling at least the portion of the award that is vested.  The following summarizes the Black-Scholes assumptions used for Employee Awards granted during the nine months ended September 30, 2016:


Exercise price

 

$ 0.61 -- 1.01

Stock price on date of grant

 

$ 0.63 -- 1.01

Volatility

 

146 -- 153 %

Risk-free interest rate

 

0.71 – 0.90 %

Expected life (years)

 

3.0

Dividend yield

 

--


The following summarizes Employee Awards activity:


 

 

Number of Shares

 

Weighted-average Exercise Price per Share

 

Weighted-average Remaining Contractual Term (in years)

 

Aggregate Intrinsic Value

Outstanding at December 31, 2015

 

2,509,000

$

1.49

 

 

 

 

Granted

 

6,440,800

 

0.76

 

 

 

 

Forfeited

 

(263,350)

 

0.75

 

 

 

 

Outstanding at September 30, 2016

 

8,686,450

 

0.97

 

2.8

$

8,918,000

 

 

 

 

 

 

 

 

 

Exercisable at September 30, 2016

 

 

$

1.65

 

2.3

$

883,960


As of September 30, 2016, there was approximately $3,658,000 of total unrecognized compensation expense related to unvested Employee Awards, which is expected to be recognized over a weighted-average period of eight months.


Warrants for Consulting Services


As needed, we may issue warrants to third parties in exchange for consulting services.  Stock-based compensation costs for award grants to third parties for consulting services (“Consulting Awards”) are recognized on a straight-line basis over the service period for the entire award, with the amount of compensation cost recognized at any date equaling at least the portion of the award that is vested.  Consulting Awards are revalued at each reporting date until fully vested, which may generate an expense or benefit.


The following summarizes the Black-Scholes assumptions used for Consulting Awards granted during the nine months ended September 30, 2016:


Exercise price

 

$ 0.60 -- 1.20

Stock price on valuation date

 

$ 1.91

Volatility

 

146 -- 150 %

Risk-free interest rate

 

0.77 – 1.14 %

Expected life (years)

 

2.2 – 4.8

Dividend yield

 

--


The following summarizes Consulting Awards:


 

 

Number of Shares

 

Weighted-average Exercise Price per Share

 

Weighted-average Remaining Contractual Term (in years)

 

Aggregate Intrinsic Value

Outstanding at December 31, 2015

 

252,500

$

3.62

 

 

 

 

Granted

 

55,000

 

1.01

 

 

 

 

Outstanding at September 30, 2016

 

307,500

 

3.15

 

1.3

$

64,525

 

 

 

 

 

 

 

 

 

Exercisable at September 30, 2016

 

300,000

$

3.22

 

1.2

$

54,700


As of September 30, 2016, there was approximately $2,600 of total unrecognized expense related to unvested Consulting Awards, which is expected to be recognized over a weighted-average period of three months.


IPG Acquisition Warrants


In connection with the IPG APA, we issued to IPG 500,000 fully-vested warrants to purchase a) 250,000 shares of our common stock at $4.50 per share, (the “IPG $4.50 Warrants”), and b) 250,000 shares of our common stock at $5.00 per share (the “IPG $5.00 Warrants”) (collectively, the “IPG Warrants”). The IPG Warrants are subject to customary adjustments in the event of our reclassification, consolidation, merger, subdivision of shares of our common stock, combination of shares of our common stock or payment of dividends in the form of the our common stock. The IPG Warrants expire three years after their initial issuance date.


As of September 30, 2016, all of the IPG Warrants are outstanding and exercisable.


Warrants with Debt


The following summarizes warrants issued with debt:


 

 

Number of Shares

 

Weighted-average Exercise Price per Share

 

Weighted-average Remaining Contractual Term (in years)

 

Aggregate Intrinsic Value

Outstanding at December 31, 2015

 

597,200

$

1.41

 

 

 

 

Granted

 

9,759,000

 

0.56

 

 

 

 

Outstanding at September 30, 2016

 

10,356,200

 

0.61

 

3.0

$

13,564,795

 

 

 

 

 

 

 

 

 

Exercisable at September 30, 2016

 

10,356,200

$

0.61

 

3.0

$

13,564,795


DB Option Agreement warrants


In order to extend the DB Option Agreement with Infinity Capital, in March 2016 we granted Infinity Capital warrants to purchase 100,000 shares of our common stock at an exercise price of $0.67 per share with a five year life.  The fair value of $55,100 is included in equity-based expense.  The following summarizes the Black-Scholes assumptions used to estimate the fair value of the DB Option Agreement warrants:


Stock price on date of grant

 

$ 0.61

Volatility

 

150 %

Risk-free interest rate

 

1.2 %

Expected life (years)

 

5.0

Dividend yield

 

--


2013 Warrants


Between July 11, 2013 and September 19, 2013, we issued 973,000 shares of our common stock and 973,000 fully-vested warrants (the “2013 Warrants”) for cash consideration of $1.00 per share. Each 2013 Warrant entitled the holder to purchase one share of our common stock at a price of $10.00 per share. The 2013 Warrants expired unexercised on August 1, 2016.


XML 24 R14.htm IDEA: XBRL DOCUMENT v3.5.0.2
NET LOSS PER SHARE
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

NOTE 9.  NET LOSS PER SHARE


Basic net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the reporting period.  Diluted net loss per share is computed similarly to basic loss per share, except that it includes the potential dilution that could occur if dilutive securities are exercised.


Outstanding stock options and common stock warrants are considered anti-dilutive because we are in a net loss position.  Accordingly, the number of weighted average shares outstanding for basic and fully diluted net loss per share are the same.


XML 25 R15.htm IDEA: XBRL DOCUMENT v3.5.0.2
SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

NOTE 10.   SUBSEQUENT EVENTS


As described in Note 1, as of September 30, 2016, Infinity Capital, a related party, had a 50% equity interest in DB and an $800,000 loan to DB. We have an option to purchase all of Infinity Capital’s interest in DB. In October 2016, we loaned $75,000 to DB, which bears interest at 14% and is payable in May 2017. Infinity Capital has agreed to subordinate its right to repayment and security interest to our rights under our loan to DB.


XML 26 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
SEGMENT INFORMATION
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

NOTE 11.   SEGMENT INFORMATION


Our operations are organized into four segments: Security and Cash Management Services; Marketing and Products; Consulting and Advisory; and Finance and Real Estate.  All revenue originates and all assets are located in the United States.  We have revised our disclosure to correspond to the information provided to the chief operating decision maker.


Three months ended September 30


2016

 

Security and Cash Management

 

Marketing and Products

 

Consulting and Advisory

 

Finance and Real Estate

 

Total

Revenues, net

$

560,713

$

106,402

$

117,700

$

25,565

$

810,380

Costs and expenses

 

(528,916)

 

(164,543)

 

(162,404)

 

(13,352)

 

(869,215)

Other expense

 

--

 

--

 

--

 

(6,414)

 

(6,414)

 

$

31,797

$

(58,141)

$

(44,704)

$

5,799

 

(65,249)

Corporate expenses

 

 

 

 

 

 

 

 

 

(14,381,845)

 

 

 

 

 

 

 

 

Net loss

$

(14,447,094)


2015

 

Security and Cash Management

 

Marketing and Products

 

Consulting and Advisory

 

Finance and Real Estate

 

Total

Revenues, net

$

503,703

$

9,494

$

52,295

$

27,825

$

593,317

Costs and expenses

 

(521,099)

 

(28,328)

 

(63,519)

 

(3,157)

 

(616,103)

Other expense

 

--

 

--

 

--

 

(3,385)

 

(3,385)

 

$

(17,396)

$

(18,834)

$

(11,224)

$

21,283

 

(26,171)

Corporate expenses

 

 

 

 

 

 

 

 

 

(1,672,064)

 

 

 

 

 

 

 

 

Net loss

$

(1,698,235)


Nine months ended September 30


2016

 

Security and Cash Management

 

Marketing and Products

 

Consulting and Advisory

 

Finance and Real Estate

 

Total

Revenues, net

$

1,599,907

$

222,541

$

288,588

$

93,398

$

2,204,434

Costs and expenses

 

(1,604,932)

 

(325,640)

 

(345,967)

 

(36,731)

 

(2,313,270)

Other expense

 

--

 

--

 

--

 

(10,876)

 

(10,876)

 

$

(5,025)

$

(103,099)

$

(57,379)

$

45,791

 

(119,712)

Corporate expenses

 

 

 

 

 

 

 

 

 

(16,852,085)

 

 

 

 

 

 

 

 

Net loss

$

(16,971,797)


2015

 

Security and Cash Management

 

Marketing and Products

 

Consulting and Advisory

 

Finance and Real Estate

 

Total

Revenues, net

$

897,807

$

34,861

$

52,295

$

92,413

$

1,077,376

Costs and expenses

 

(929,421)

 

(112,919)

 

(63,519)

 

(24,880)

 

(1,130,739)

Other expense

 

--

 

--

 

--

 

(9,200)

 

(9,200)

 

$

(31,614)

$

(78,058)

$

(11,224)

$

58,333

 

(62,563)

Corporate expenses

 

 

 

 

 

 

 

 

 

(6,813,387)

 

 

 

 

 

 

 

 

Net loss

$

(6,875,950)


Total assets

 

September 30, 2016

 

December 31, 2015

Security and Cash Management

$

110,127

$

132,314

Marketing and Products

 

57,999

 

127,345

Consulting and Advisory

 

125,497

 

22,268

Finance and Real Estate

 

1,247,281

 

431,639

Corporate

 

3,034,077

 

2,969,145

 

$

4,574,981

$

3,682,711


All assets are located in the United States.


XML 27 R17.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accounting Policies, by Policy (Policies)
9 Months Ended
Sep. 30, 2016
Accounting Policies [Abstract]  
Nature of Operations

Nature of Operations


General Cannabis Corporation (the “Company,” “we,” “us,” “our,” or “GCC”) (formerly, Advanced Cannabis Solutions, Inc.), was incorporated in Colorado on June 3, 2013, and provides products and services to the regulated cannabis industry.  On April 28, 2015, our common stock was uplisted and resumed quotation on the OTC Market’s OTCQB on May 6, 2015.  Our operations are segregated into the following four reportable segments:


Security and Cash Management Services


In March 2015, we acquired substantially all of the assets of Iron Protection Group, LLC, a Colorado limited liability company, which continues to do business as “Iron Protection Group.” Iron Protection Group (“IPG”) provides advanced security, including on-site professionals, video surveillance and cash transport, to licensed cannabis cultivators and retail shops. As of September 30, 2016, IPG had approximately 71 security guards on staff who serve 16 clients throughout Colorado.


Marketing and Products


In September 2015, we acquired substantially all of the assets of Chiefton Supply Co., and established a dba of Chiefton Supply Co., incorporated in Colorado (“Chiefton”).  Chiefton is an apparel and design company.  Chiefton Supply designs, distributes and sells apparel featuring graphic designs.  Our apparel is purchased and screen printed by third parties, for which there are numerous suppliers.  Chiefton Design provides design, branding and marketing strategy consulting services to the cannabis community.


In April 2016, we relaunched GC Supply, dedicated to providing wholesale equipment and supplies to participants in the regulated cannabis industry.  We provide turnkey sourcing and stocking services to cultivation, retail and infused products manufacturing facilities.  Offerings will include infrastructure, equipment, consumables, various delivery technologies (vaporizers and capsules) and compliance packaging.  GC Supply operates out of a leased, 1,800 square-foot warehouse located in Colorado Springs, Colorado.


Consulting and Advisory


Through Next Big Crop we deliver comprehensive cannabis industry consulting services that include obtaining licenses, compliance, cultivation, retail operations, logistical support, facility design and building services, and expansion of existing operations. Next Big Crop’s business plan is based on the future growth of the regulated cannabis market in the United States.


Finance and Real Estate


Real Estate Leasing


We own a cultivation property in a suburb of Pueblo, Colorado, consisting of approximately three acres of land, which currently includes a 5,000 square foot steel building and parking lot. The property is zoned for cultivating cannabis and is leased to a medical cannabis grower until December 31, 2022.


Our real estate leasing business plan includes the potential future acquisition and leasing of cultivation space and related facilities to licensed marijuana growers and dispensary owners for their operations. Management anticipates that these facilities would range in size from 5,000 to 50,000 square feet. These facilities would only be leased to tenants that possess the requisite state licenses to operate cultivation facilities. The leases with the tenants would include certain requirements that permit us to continually evaluate our tenants’ compliance with applicable laws and regulations.


Shared Office Space, Networking and Event Services   


In October 2014, we purchased a former retail bank located at 6565 East Evans Avenue, Denver, Colorado 80224, which has been branded as The Greenhouse (“The Greenhouse”).  The building is a 16,056 square-foot facility, which we use as our corporate headquarters and Chiefton’s retail location.


The Greenhouse has approximately 10,000 square feet of existing office space and 5,000 square feet on its ground floor that is dedicated to a consumer banking design.  We continue to assess the opportunity to lease shared workspace for entrepreneurs, professionals and others serving the cannabis industry.  Clients would be able to lease space to use as offices, meeting rooms, lecture, educational and networking facilities, and individual workstations.


Industry Finance


Our industry finance strategy includes evaluating opportunities to make direct term loans or to provide revolving lines of credit to businesses involved in the cultivation and sale of cannabis and related products.  These loans would generally be secured to the maximum extent permitted by law.  We believe there is a significant demand for this financing.  We are assessing other finance services including customized finance, capital formation, and banking, for participants in the cannabis industry.


On November 4, 2015, we entered into an agreement (the “DB Option Agreement”) with Infinity Capital, a related party, which was amended on March 29, 2016 (the “Amended DB Option Agreement”) and on September 16, 2016 (the “Second Amended DB Option Agreement”).  Pursuant to the Amended DB Option Agreement, we have the right to purchase all of Infinity Capital’s interest in DB Products Arizona, LLC (“DB”) at Infinity Capital’s actual cost, plus $1.00, or $800,001. The interests for which the option has been granted are Infinity Capital’s 50% equity interest in the membership interests of DB, and any outstanding unpaid principal and interest owed on promissory note(s) issued by DB in favor of Infinity Capital for up to $800,000.  DB is involved in the production and distribution of Dixie Brands, Inc.’s full line of medical cannabis “Dixie Elixirs and Edibles” products in Arizona.  DB expects to begin sales in 2016.  We have no obligation to exercise the option, which expires September 30, 2018.

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation


The accompanying (a) condensed consolidated balance sheet at December 31, 2015, has been derived from audited financial statements and (b) condensed consolidated unaudited financial statements as of September 30, 2016 and 2015, have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements, and should be read in conjunction with the audited consolidated financial statements and related footnotes included in our Annual Report on Form 10-K for the year ended December 31, 2015 (the “2015 Annual Report”), filed with the Securities and Exchange Commission (the “SEC”) on March 25, 2016.  It is management’s opinion, however, that all material adjustments (consisting of normal recurring adjustments), have been made which are necessary for a fair financial statements presentation. The condensed consolidated financial statements include all material adjustments (consisting of normal recurring accruals) necessary to make the condensed consolidated financial statements not misleading as required by Regulation S-X, Rule 10-01. Operating results for the three and nine months ended September 30, 2016, are not necessarily indicative of the results of operations expected for the year ending December 31, 2016.


The condensed consolidated financial statements include the results of GCC and its five wholly-owned subsidiary companies: (a) ACS Colorado Corp., a Colorado corporation formed in 2013; (b) Advanced Cannabis Solutions Corporation, a Colorado corporation formed in 2013; (c) 6565 E. Evans Avenue LLC, a Colorado limited liability company formed in 2014; (d) General Cannabis Capital Corporation, a Colorado corporation formed in 2015; and (e) GC Security LLC (“GCS”), a Colorado limited liability company formed in 2015.  Advanced Cannabis Solutions Corporation has one wholly-owned subsidiary company, ACS Corp., which was formed in Colorado on June 6, 2013.  Intercompany accounts and transactions have been eliminated.


Certain reclassifications have been made to the prior period condensed consolidated financial statements to conform to the current period presentation. The reclassifications had no effect on net loss, total assets, or total stockholders’ equity (deficit).

Going Concern

Going Concern


The condensed consolidated financial statements have been prepared on a going concern basis, which assumes we will be able to realize our assets and discharge our liabilities in the normal course of business for the foreseeable future.  The ability to continue as a going concern is dependent upon our generating profitable operations in the future and / or obtaining the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. Management believes that actions presently being taken to further implement our business plan and generate additional revenues provide opportunity for the Company to continue as a going concern.  While we believe in the viability of our strategy to generate additional revenues and our ability to raise additional funds, there can be no assurances to that effect.


We had an accumulated deficit of $33,399,175 and $16,427,378, respectively, at September 30, 2016 and December 31, 2015, and further losses are anticipated in the development of our business. Accordingly, there is substantial doubt about our ability to continue as a going concern. The accompanying condensed consolidated financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

Significant Accounting Policy Updates [Policy Text Block]

Significant Accounting Policy Updates


Debt and Derivative Liability


If we issue debt with warrants that have certain terms, such as a clause requiring repricing, the warrants are considered to be a derivative that is recorded as a liability at fair value.  If the initial value of the warrant derivative liability is higher than the fair value of the associated debt, the excess is recognized immediately as interest expense.  The warrant derivative liability is adjusted to its fair value at the end of each reporting period, with the change being recorded as expense.  Due to the complexity of such warrant derivatives, we use the binomial model to estimate their fair value.  The derivative warrant liability is a level three fair value measurement.


Modification of Debt Instruments


Modifications or exchanges of debt, which are not considered a troubled debt restructuring, are considered extinguishments if the terms of the new debt and the original instrument are substantially different.  The instruments are considered substantially different when the present value of the cash flows under the terms of the new debt instrument are at least 10% different from the present value of the remaining cash flows under the terms of the original instrument.  The fair value of non-cash consideration associated with the new debt instrument, such as warrants, are included as a day one cash flow in the 10% cash flow test.  If the original and new debt instruments are substantially different, the original debt is derecognized and the new debt is initially recorded at fair value, with the difference recognized as an extinguishment gain or loss.

New Accounting Pronouncements, Policy [Policy Text Block]

Recently Issued Accounting Standards


Financial Accounting Standards Board, or FASB, Accounting Standards Update, or FASB ASU 2016-15 “Statement of Cash Flows (Topic 230)” – In August 2016, the FASB issued 2016-15.  Stakeholders indicated that there is a diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows.  ASU 2016-15 addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice.  This ASU is effective for annual reporting periods beginning after December 15, 2017, and interim periods within those fiscal years.  Early adoption is permitted.  Adoption of this ASU will not have a significant impact on our statement of cash flows.


FASB ASU 2016-12 “Revenue from Contracts with Customers (Topic 606)” – In May 2016, the FASB issued 2016-12.  The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  ASU 2016-12 provides clarification on assessing collectability, presentation of sales taxes, noncash consideration, and completed contracts and contract modifications.  This ASU is effective for annual reporting periods beginning after December 15, 2017, with the option to adopt as early as December 15, 2016. We are currently assessing the impact of adoption of this ASU on our consolidated results of operations, cash flows and financial position.


FASB ASU 2016-11 “Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815)” – In May 2016, the FASB issued 2016-11, which clarifies guidance on assessing whether an entity is a principal or an agent in a revenue transaction.  This conclusion impacts whether an entity reports revenue on a gross or net basis.  This ASU is effective for annual reporting periods beginning after December 15, 2017, with the option to adopt as early as December 15, 2016. We are currently assessing the impact of adoption of this ASU on our consolidated results of operations, cash flows and financial position.


FASB ASU 2016-10 “Revenue from Contracts with Customers (Topic 606)” – In April 2016, the FASB issued ASU 2016-10, clarify identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas.  This ASU is effective for annual reporting periods beginning after December 15, 2017, with the option to adopt as early as December 15, 2016. We are currently assessing the impact of adoption of this ASU on our consolidated results of operations, cash flows and financial position.


FASB ASU 2016-09 “Compensation – Stock Compensation (Topic 718)” – In March 2016, the FASB issued ASU 2016-09, which includes multiple provisions intended to simplify various aspects of accounting for share-based payments.  While aimed at reducing the cost and complexity of the accounting for share-based payments, the amendments are expected to significantly impact net income, earnings per share, and the statement of cash flows.  Implementation and administration may present challenges for companies with significant share-based payment activities.  This ASU is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years.  We are currently evaluating the potential impact this standard will have on our consolidated financial statements and related disclosures.


FASB ASU 2016-02 “Leases (Topic 842)” – In February 2016, the FASB issued ASU 2016-02, which will require lessees to recognize almost all leases on their balance sheet as a right-of-use asset and a lease liability.  For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance.  Classification will be based on criteria that are largely similar to those applied in current lease accounting, but without explicit bright lines.  Lessor accounting is similar to the current model, but updated to align with certain changes to the lessee model and the new revenue recognition standard.  This ASU is effective for fiscal years beginning after December 18, 2018, including interim periods within those fiscal years.  We are currently evaluating the potential impact this standard will have on our consolidated financial statements and related disclosures.

XML 28 R18.htm IDEA: XBRL DOCUMENT v3.5.0.2
BUSINESS ACQUISITIONS (Tables)
9 Months Ended
Sep. 30, 2016
Iron Protection Group [Member]  
BUSINESS ACQUISITIONS (Tables) [Line Items]  
Agregate consideration The aggregate consideration was as follows:

Common stock payable

$

1,054,000

Warrants issued with $4.50 exercise price

 

421,000

Warrants issued with $5.00 exercise price

 

412,000

 

$

1,887,000

Business Combination, Segment Allocation [Table Text Block] The purchase price allocation is as follows:

Intangible assets:

 

 

Customer relationship intangible

$

1,000,000

Marketing-related intangibles

 

200,000

Non-compete agreements

 

500,000

Goodwill

 

187,000

 

$

1,887,000

Business Acquisition, Pro Forma Information, Nonrecurring Adjustments [Table Text Block] The pro forma effects of the acquisition on the results of operations as if the transaction had been completed on January 1, 2015, are as follows:

 

 

Nine months ended

September 30, 2015

(Unaudited)

Total net revenues

$

1,447,122

Net loss

 

(6,822,689)

Net loss per common share:

 

 

Basic and diluted

$

(0.48)

Chiefton Acquisition [Member]  
BUSINESS ACQUISITIONS (Tables) [Line Items]  
Agregate consideration The aggregate consideration was as follows:

Cash

$

12,249

Common stock

 

69,400

Aggregate consideration

$

81,649

Business Combination, Segment Allocation [Table Text Block] The purchase price allocation is as follows:

Inventory

$

12,249

Intangible assets – intellectual property

 

69,400

 

$

81,649

XML 29 R19.htm IDEA: XBRL DOCUMENT v3.5.0.2
LONG-LIVED ASSETS (Tables)
9 Months Ended
Sep. 30, 2016
Longlived Assets [Abstract]  
Schedule of Intangible Assets and Goodwill [Table Text Block] Intangible assets consisted of the following as of September 30, 2016:

 

 

Gross

 

Accumulated Amortization

 

Net

 

Estimated Life

(in years)

Customer relationship intangible

$

1,000,000

$

151,782

$

848,218

 

10

Marketing-related intangibles

 

200,000

 

60,712

 

139,288

 

5

Non-compete agreements

 

500,000

 

252,968

 

247,032

 

3

Chiefton brand and graphic designs

 

69,400

 

35,270

 

34,130

 

2

Intangible assets, net

$

1,769,400

$

500,732

$

1,268,668

 

 

XML 30 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
DEBT (Tables)
9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block] Notes Payable

 

 

September 30,

2016

 

December 31,

2015

12% September 2016 notes

$

3,000,000

$

--

10% private placement notes

 

--

 

659,000

14% mortgage note payable (The Greenhouse)

 

--

 

600,000

8.5% convertible note payable (Pueblo West Property)

 

--

 

158,307

 

 

3,000,000

 

1,417,307

Unamortized debt discount

 

(2,419,800)

 

(279,435)

 

 

580,200

 

1,137,872

Less: Current portion

 

--

 

(986,475)

Long-term portion

$

580,200

$

151,397

Schedule of Maturities of Long-term Debt [Table Text Block] Annual maturities of long-term debt (excluding unamortized discount) for the next three years, consist of:

Year ending December 31,

 

 

2016

$

--

2017

 

--

2018

 

3,000,000

 

$

3,000,000

XML 31 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
ACCRUED STOCK PAYABLE (Tables)
9 Months Ended
Sep. 30, 2016
Accrued Stock Payable [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] The following tables summarize the changes in accrued common stock payable during the nine months ended September 30, 2016:

 

 

Amount

 

Number of Shares

December 31, 2015

$

1,532,420

$

730,000

IPG acquisition -- issued

 

(843,200)

 

(400,000)

Chiefton acquisition -- issued

 

(69,400)

 

(80,000)

Feinsod Agreement -- accrual

 

192,800

 

--

Consulting services -- accrual

 

6,988

 

--

Consulting services -- issued

 

(25,000)

 

(50,000)

Employment agreements -- accrual

 

567

 

--

Employment agreements -- issued

 

(132,175)

 

(50,000)

September 30, 2016

$

663,000

$

150,000

XML 32 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
DERIVATIVE WARRANT LIABILITY (Tables)
9 Months Ended
Sep. 30, 2016
Disclosure Text Block [Abstract]  
Schedule of Assumptions Used [Table Text Block] The underlying assumptions used in the binomial model to determine the fair value of the derivative warrant liability were:

 

 

September 21, 2016

 

September 30, 2016

Current stock price

$

1.20

$

1.91

Risk-free interest rate

 

0.92 %

 

0.77%

Expected dividend yield

 

--

 

--

Expected term (in years)

 

3.0

 

3.0

Expected volatility

 

146 %

 

146 %

Number of iterations

 

5

 

5

Schedule of Derivative Liabilities at Fair Value [Table Text Block] The initial fair value of the derivative warrant liability was recorded as follows:

Extinguishment of debt

$

1,715,000

Interest expense

 

5,189,000

Debt discount

 

2,450,000

Initial fair value of warrants issued

$

9,354,000

Derivative Instruments, Gain (Loss) [Table Text Block] Changes in the derivative warrant liability were as follows:

January 1, 2016

$

--

Initial fair value of warrants issued

 

9,354,000

Increase in fair value

 

6,032,000

September 30, 2016

$

15,386,000

XML 33 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
STOCKHOLDERS' EQUITY (Tables)
9 Months Ended
Sep. 30, 2016
STOCKHOLDERS' EQUITY (Tables) [Line Items]  
Share-based expense [Table Text Block] Share-based expense consisted of the following:

 

 

Three months ended

September 30,

 

Nine months ended

September 30,

 

 

2016

 

2015

 

2016

 

2015

Employee Awards

$

740,844

$

695,788

$

1,574,906

$

1,319,355

Consulting Awards

 

103,869

 

24,196

 

151,385

 

41,650

Feinsod Agreement

 

27,504

 

143,725

 

192,800

 

3,606,794

DB Option Agreement

 

--

 

--

 

55,100

 

--

 

$

872,217

$

863,709

$

1,974,191

$

4,967,799

Schedule of Assumptions Used [Table Text Block] The underlying assumptions used in the binomial model to determine the fair value of the derivative warrant liability were:

 

 

September 21, 2016

 

September 30, 2016

Current stock price

$

1.20

$

1.91

Risk-free interest rate

 

0.92 %

 

0.77%

Expected dividend yield

 

--

 

--

Expected term (in years)

 

3.0

 

3.0

Expected volatility

 

146 %

 

146 %

Number of iterations

 

5

 

5

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] The following summarizes Employee Awards activity:

 

 

Number of Shares

 

Weighted-average Exercise Price per Share

 

Weighted-average Remaining Contractual Term (in years)

 

Aggregate Intrinsic Value

Outstanding at December 31, 2015

 

2,509,000

$

1.49

 

 

 

 

Granted

 

6,440,800

 

0.76

 

 

 

 

Forfeited

 

(263,350)

 

0.75

 

 

 

 

Outstanding at September 30, 2016

 

8,686,450

 

0.97

 

2.8

$

8,918,000

 

 

 

 

 

 

 

 

 

Exercisable at September 30, 2016

 

 

$

1.65

 

2.3

$

883,960

 

 

Number of Shares

 

Weighted-average Exercise Price per Share

 

Weighted-average Remaining Contractual Term (in years)

 

Aggregate Intrinsic Value

Outstanding at December 31, 2015

 

252,500

$

3.62

 

 

 

 

Granted

 

55,000

 

1.01

 

 

 

 

Outstanding at September 30, 2016

 

307,500

 

3.15

 

1.3

$

64,525

 

 

 

 

 

 

 

 

 

Exercisable at September 30, 2016

 

300,000

$

3.22

 

1.2

$

54,700

 

 

Number of Shares

 

Weighted-average Exercise Price per Share

 

Weighted-average Remaining Contractual Term (in years)

 

Aggregate Intrinsic Value

Outstanding at December 31, 2015

 

597,200

$

1.41

 

 

 

 

Granted

 

9,759,000

 

0.56

 

 

 

 

Outstanding at September 30, 2016

 

10,356,200

 

0.61

 

3.0

$

13,564,795

 

 

 

 

 

 

 

 

 

Exercisable at September 30, 2016

 

10,356,200

$

0.61

 

3.0

$

13,564,795

Employee Awards  
STOCKHOLDERS' EQUITY (Tables) [Line Items]  
Schedule of Assumptions Used [Table Text Block] The following summarizes the Black-Scholes assumptions used for Employee Awards granted during the nine months ended September 30, 2016:

Exercise price

 

$ 0.61 -- 1.01

Stock price on date of grant

 

$ 0.63 -- 1.01

Volatility

 

146 -- 153 %

Risk-free interest rate

 

0.71 – 0.90 %

Expected life (years)

 

3.0

Dividend yield

 

--

Consulting Awards [Member]  
STOCKHOLDERS' EQUITY (Tables) [Line Items]  
Schedule of Assumptions Used [Table Text Block] The following summarizes the Black-Scholes assumptions used for Consulting Awards granted during the nine months ended September 30, 2016:

Exercise price

 

$ 0.60 -- 1.20

Stock price on valuation date

 

$ 1.91

Volatility

 

146 -- 150 %

Risk-free interest rate

 

0.77 – 1.14 %

Expected life (years)

 

2.2 – 4.8

Dividend yield

 

--

DB Option Agreement [Member]  
STOCKHOLDERS' EQUITY (Tables) [Line Items]  
Schedule of Assumptions Used [Table Text Block] The following summarizes the Black-Scholes assumptions used to estimate the fair value of the DB Option Agreement warrants:

Stock price on date of grant

 

$ 0.61

Volatility

 

150 %

Risk-free interest rate

 

1.2 %

Expected life (years)

 

5.0

Dividend yield

 

--

XML 34 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]

2016

 

Security and Cash Management

 

Marketing and Products

 

Consulting and Advisory

 

Finance and Real Estate

 

Total

Revenues, net

$

560,713

$

106,402

$

117,700

$

25,565

$

810,380

Costs and expenses

 

(528,916)

 

(164,543)

 

(162,404)

 

(13,352)

 

(869,215)

Other expense

 

--

 

--

 

--

 

(6,414)

 

(6,414)

 

$

31,797

$

(58,141)

$

(44,704)

$

5,799

 

(65,249)

Corporate expenses

 

 

 

 

 

 

 

 

 

(14,381,845)

 

 

 

 

 

 

 

 

Net loss

$

(14,447,094)

2015

 

Security and Cash Management

 

Marketing and Products

 

Consulting and Advisory

 

Finance and Real Estate

 

Total

Revenues, net

$

503,703

$

9,494

$

52,295

$

27,825

$

593,317

Costs and expenses

 

(521,099)

 

(28,328)

 

(63,519)

 

(3,157)

 

(616,103)

Other expense

 

--

 

--

 

--

 

(3,385)

 

(3,385)

 

$

(17,396)

$

(18,834)

$

(11,224)

$

21,283

 

(26,171)

Corporate expenses

 

 

 

 

 

 

 

 

 

(1,672,064)

 

 

 

 

 

 

 

 

Net loss

$

(1,698,235)

2016

 

Security and Cash Management

 

Marketing and Products

 

Consulting and Advisory

 

Finance and Real Estate

 

Total

Revenues, net

$

1,599,907

$

222,541

$

288,588

$

93,398

$

2,204,434

Costs and expenses

 

(1,604,932)

 

(325,640)

 

(345,967)

 

(36,731)

 

(2,313,270)

Other expense

 

--

 

--

 

--

 

(10,876)

 

(10,876)

 

$

(5,025)

$

(103,099)

$

(57,379)

$

45,791

 

(119,712)

Corporate expenses

 

 

 

 

 

 

 

 

 

(16,852,085)

 

 

 

 

 

 

 

 

Net loss

$

(16,971,797)

2015

 

Security and Cash Management

 

Marketing and Products

 

Consulting and Advisory

 

Finance and Real Estate

 

Total

Revenues, net

$

897,807

$

34,861

$

52,295

$

92,413

$

1,077,376

Costs and expenses

 

(929,421)

 

(112,919)

 

(63,519)

 

(24,880)

 

(1,130,739)

Other expense

 

--

 

--

 

--

 

(9,200)

 

(9,200)

 

$

(31,614)

$

(78,058)

$

(11,224)

$

58,333

 

(62,563)

Corporate expenses

 

 

 

 

 

 

 

 

 

(6,813,387)

 

 

 

 

 

 

 

 

Net loss

$

(6,875,950)

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

Total assets

 

September 30, 2016

 

December 31, 2015

Security and Cash Management

$

110,127

$

132,314

Marketing and Products

 

57,999

 

127,345

Consulting and Advisory

 

125,497

 

22,268

Finance and Real Estate

 

1,247,281

 

431,639

Corporate

 

3,034,077

 

2,969,145

 

$

4,574,981

$

3,682,711

XML 35 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
NATURE OF OPERATIONS, HISTORY AND PRESENTATION (Details)
9 Months Ended
Nov. 05, 2015
USD ($)
Sep. 30, 2016
USD ($)
ft²
Dec. 31, 2015
USD ($)
NATURE OF OPERATIONS, HISTORY AND PRESENTATION (Details) [Line Items]      
Number of Reporting Units   4  
Number of Security Guards   71  
Number of Clients   16  
Investment Options, Expiration Date Sep. 30, 2018    
Number Of Wholly Owned Subsidiary   5  
Retained Earnings (Accumulated Deficit) (in Dollars) | $   $ (33,399,175) $ (16,427,378)
Debt Instrument, Modification Considered Extinguishment Threshold, Present Value of Cash Flows, Percent Difference   10.00%  
Minimum [Member] | Potential Acquisitions [Member]      
NATURE OF OPERATIONS, HISTORY AND PRESENTATION (Details) [Line Items]      
Area of Real Estate Property   5,000  
Maximum [Member] | Potential Acquisitions [Member]      
NATURE OF OPERATIONS, HISTORY AND PRESENTATION (Details) [Line Items]      
Area of Real Estate Property   50,000  
GC Supply [Member]      
NATURE OF OPERATIONS, HISTORY AND PRESENTATION (Details) [Line Items]      
Area of Real Estate Property   1,800  
Pueblo West Property [Member]      
NATURE OF OPERATIONS, HISTORY AND PRESENTATION (Details) [Line Items]      
Area of Real Estate Property   5,000  
The Greenhouse [Member] | Leasing Arrangement [Member]      
NATURE OF OPERATIONS, HISTORY AND PRESENTATION (Details) [Line Items]      
Area of Real Estate Property   16,056  
The Greenhouse [Member] | Office Building [Member]      
NATURE OF OPERATIONS, HISTORY AND PRESENTATION (Details) [Line Items]      
Area of Real Estate Property   10,000  
The Greenhouse [Member] | Consumer Banking [Member]      
NATURE OF OPERATIONS, HISTORY AND PRESENTATION (Details) [Line Items]      
Area of Real Estate Property   5,000  
Infinity Capital [Member]      
NATURE OF OPERATIONS, HISTORY AND PRESENTATION (Details) [Line Items]      
Right To Purchase, Cost (in Dollars) | $ $ 800,001    
Equity interest 50.00%    
Capital (in Dollars) | $ $ 800,000    
XML 36 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
BUSINESS ACQUISITIONS (Details) - USD ($)
9 Months Ended
Apr. 01, 2016
Jan. 01, 2016
Oct. 01, 2015
Mar. 26, 2015
Sep. 30, 2016
Dec. 31, 2015
Sep. 25, 2015
BUSINESS ACQUISITIONS (Details) [Line Items]              
Class of Warrant or Right, Outstanding         500,000    
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)         $ 2.48    
Accrued stock payable (in Dollars)         $ 663,000 $ 1,532,420  
Iron Protection Group [Member]              
BUSINESS ACQUISITIONS (Details) [Line Items]              
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures 200,000 200,000 100,000 500,000      
Class of Warrant or Right, Outstanding         100,000    
Acquisition of IPG with common stock payable and warrants (in Dollars)       $ 1,887,000      
Share Price (in Dollars per share)       $ 2.48      
Share Price Discount       15.00%      
Accrued stock payable (in Dollars)       $ 1,054,000      
Class of Warrant or Right, Issuance Threshold, Revenue (in Dollars)         $ 3,000,000    
Chiefton Acquisition [Member]              
BUSINESS ACQUISITIONS (Details) [Line Items]              
Share Price (in Dollars per share)             $ 1.02
Share Price Discount             15.00%
Accrued stock payable (in Dollars)             $ 69,400
Common Stock, Capital Shares Reserved for Future Issuance             80,000
IPG $4.50 Warrants [Member] | Iron Protection Group [Member]              
BUSINESS ACQUISITIONS (Details) [Line Items]              
Class of Warrant or Right, Outstanding         250,000    
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)         $ 4.50    
IPG $5.00 Warrants [Member] | Iron Protection Group [Member]              
BUSINESS ACQUISITIONS (Details) [Line Items]              
Class of Warrant or Right, Outstanding         250,000    
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)         $ 5.00    
XML 37 R27.htm IDEA: XBRL DOCUMENT v3.5.0.2
BUSINESS ACQUISITIONS (Details) - IPG Acquisition, Aggregate Consideration - Iron Protection Group [Member]
3 Months Ended
Mar. 31, 2016
USD ($)
BUSINESS ACQUISITIONS (Details) - IPG Acquisition, Aggregate Consideration [Line Items]  
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable $ 1,887,000
Common Stock [Member]  
BUSINESS ACQUISITIONS (Details) - IPG Acquisition, Aggregate Consideration [Line Items]  
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable 1,054,000
IPG $4.50 Warrants [Member]  
BUSINESS ACQUISITIONS (Details) - IPG Acquisition, Aggregate Consideration [Line Items]  
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable 421,000
IPG $5.00 Warrants [Member]  
BUSINESS ACQUISITIONS (Details) - IPG Acquisition, Aggregate Consideration [Line Items]  
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable $ 412,000
XML 38 R28.htm IDEA: XBRL DOCUMENT v3.5.0.2
BUSINESS ACQUISITIONS (Details) - IPG Acquisition, Purchase Price Allocation - Iron Protection Group [Member]
9 Months Ended
Sep. 30, 2016
USD ($)
Intangible assets:  
Finite-lived Intangible Assets Acquired $ 1,887,000
Goodwill 187,000
Customer Relationships [Member]  
Intangible assets:  
Finite-lived Intangible Assets Acquired 1,000,000
Marketing-Related Intangible Assets [Member]  
Intangible assets:  
Finite-lived Intangible Assets Acquired 200,000
Noncompete Agreements [Member]  
Intangible assets:  
Finite-lived Intangible Assets Acquired $ 500,000
XML 39 R29.htm IDEA: XBRL DOCUMENT v3.5.0.2
BUSINESS ACQUISITIONS (Details) - IPG Acquisition, Pro Forma Effects - Iron Protection Group [Member]
9 Months Ended
Sep. 30, 2016
USD ($)
$ / shares
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]  
Total net revenues $ 1,447,122
Net loss $ (6,822,689)
Net loss per common share:  
Basic and diluted (in Dollars per share) | $ / shares $ (0.48)
XML 40 R30.htm IDEA: XBRL DOCUMENT v3.5.0.2
BUSINESS ACQUISITIONS (Details) - Chiefton Acquisition, Aggregate Consideration - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Sep. 30, 2015
Dec. 31, 2014
BUSINESS ACQUISITIONS (Details) - Chiefton Acquisition, Aggregate Consideration [Line Items]        
Cash $ 1,064,606 $ 58,711 $ 100,959 $ 165,536
Common stock $ (15,495) $ (14,915)    
Chiefton Acquisition [Member]        
BUSINESS ACQUISITIONS (Details) - Chiefton Acquisition, Aggregate Consideration [Line Items]        
Cash     12,249  
Common stock     69,400  
Aggregate consideration     $ 81,649  
XML 41 R31.htm IDEA: XBRL DOCUMENT v3.5.0.2
BUSINESS ACQUISITIONS (Details) - Chiefton Acquisition, Purchase Price Allocation - Chiefton Acquisition [Member]
Sep. 30, 2016
USD ($)
Business Combination Segment Allocation [Line Items]  
Inventory $ 12,249
Intangible assets – intellectual property 69,400
$ 81,649
XML 42 R32.htm IDEA: XBRL DOCUMENT v3.5.0.2
LONG-LIVED ASSETS (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
LONG-LIVED ASSETS (Details) [Line Items]          
Depreciation $ 11,944 $ 5,574 $ 36,070 $ 16,723  
Amortization of Intangible Assets 86,044 $ 55,452 256,259 $ 113,315  
Goodwill 187,000   187,000   $ 187,000
Iron Protection Group [Member]          
LONG-LIVED ASSETS (Details) [Line Items]          
Goodwill $ 187,000   $ 187,000    
XML 43 R33.htm IDEA: XBRL DOCUMENT v3.5.0.2
LONG-LIVED ASSETS (Details) - Intangible assets
9 Months Ended
Sep. 30, 2016
USD ($)
LONG-LIVED ASSETS (Details) - Intangible assets [Line Items]  
Finite-Lived Intangible Assets, Gross $ 1,769,400
Finite-Lived Intangible Assets, Accumulated Amortization 500,732
Finite-Lived Intangible Assets, Net 1,268,668
Customer-Related Intangible Assets [Member]  
LONG-LIVED ASSETS (Details) - Intangible assets [Line Items]  
Finite-Lived Intangible Assets, Gross 1,000,000
Finite-Lived Intangible Assets, Accumulated Amortization 151,782
Finite-Lived Intangible Assets, Net $ 848,218
Finite-Lived Intangible Asset, Useful Life 10 years
Marketing-Related Intangible Assets [Member]  
LONG-LIVED ASSETS (Details) - Intangible assets [Line Items]  
Finite-Lived Intangible Assets, Gross $ 200,000
Finite-Lived Intangible Assets, Accumulated Amortization 60,712
Finite-Lived Intangible Assets, Net $ 139,288
Finite-Lived Intangible Asset, Useful Life 5 years
Noncompete Agreements [Member]  
LONG-LIVED ASSETS (Details) - Intangible assets [Line Items]  
Finite-Lived Intangible Assets, Gross $ 500,000
Finite-Lived Intangible Assets, Accumulated Amortization 252,968
Finite-Lived Intangible Assets, Net $ 247,032
Finite-Lived Intangible Asset, Useful Life 3 years
Intellectual Property [Member]  
LONG-LIVED ASSETS (Details) - Intangible assets [Line Items]  
Finite-Lived Intangible Assets, Gross $ 69,400
Finite-Lived Intangible Assets, Accumulated Amortization 35,270
Finite-Lived Intangible Assets, Net $ 34,130
Finite-Lived Intangible Asset, Useful Life 2 years
XML 44 R34.htm IDEA: XBRL DOCUMENT v3.5.0.2
DEBT (Details)
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2016
USD ($)
$ / shares
Sep. 21, 2016
Jun. 03, 2016
USD ($)
$ / shares
Jul. 29, 2015
USD ($)
$ / shares
Jul. 01, 2015
USD ($)
Oct. 30, 2014
USD ($)
$ / shares
Sep. 30, 2016
USD ($)
$ / shares
shares
Aug. 31, 2016
USD ($)
$ / shares
shares
Oct. 30, 2014
USD ($)
$ / shares
Sep. 30, 2016
USD ($)
$ / shares
Jun. 30, 2016
Sep. 30, 2015
USD ($)
Sep. 30, 2016
USD ($)
$ / shares
Sep. 30, 2015
USD ($)
Dec. 31, 2015
USD ($)
$ / shares
shares
Feb. 28, 2015
Jan. 21, 2014
USD ($)
$ / shares
Dec. 31, 2013
USD ($)
$ / shares
DEBT (Details) [Line Items]                                    
Repayments of Notes Payable                         $ 917,307 $ 4,701        
Debt Instrument, Maturity Date             Sep. 21, 2018                      
Debt Conversion, Converted Instrument, Amount                         550,000          
Extinguishment of Debt, Amount                   $ 1,728,280                
Debt Instrument, Unamortized Discount $ 2,419,800           $ 2,419,800     2,419,800     2,419,800   $ 279,435      
Interest Expense                   $ 5,276,550   $ 166,306 $ 5,381,125 314,011        
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $ / shares $ 2.48           $ 2.48     $ 2.48     $ 2.48          
Fair Value Assumptions, Risk Free Interest Rate 0.77% 0.92%                                
Fair Value Assumptions, Expected Volatility Rate 146.00% 146.00%                                
Infinity Capital [Member]                                    
DEBT (Details) [Line Items]                                    
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate                               5.00%    
Repayments of Notes Payable         $ 309,000                          
Interest Expense, Other                         $ 26,540          
Accured expense                         38,268          
12% September 2016 [Member]                                    
DEBT (Details) [Line Items]                                    
Convertible Debt $ 3,000,000           $ 3,000,000     $ 3,000,000     $ 3,000,000          
12% Convertible Notes [Member]                                    
DEBT (Details) [Line Items]                                    
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate 12.00%           12.00%     12.00%     12.00%          
Debt Conversion, Converted Instrument, Warrants or Options Issued (in Shares) | shares             9,000,000                      
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period             3 years                      
Debt Instrument Individual Principal Amount $ 2,450,000           $ 2,450,000     $ 2,450,000     $ 2,450,000          
Extinguishment of Debt, Amount                           $ 1,728,280        
Debt Instrument, Unamortized Discount $ 2,450,000           2,450,000     $ 2,450,000     $ 2,450,000          
Interest Expense             $ 5,189,000                      
Debt Instrument, Convertible, Terms of Conversion Feature                             The December 2013 Issuance and the January 2014 Issuance (collectively, the “12% Convertible Notes”) included a provision that if the trading stock price exceeded $10 for twenty consecutive trading days and the daily volume for those twenty consecutive trading days exceeds 25,000 shares, then the 12% Convertible Notes convert into shares of our common stock on or after December 1, 2015.      
Debt Conversion, Original Debt, Amount                             $ 321,123      
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | shares                             64,225      
Debt Instrument, Convertible, Stock Price Trigger (in Dollars per share) | $ / shares                             $ 10      
Debt Instrument, Convertible, Threshold Trading Days                             20      
Debt Instrument, Convertible, Threshold Trading Volumne (in Shares) | shares                             25,000      
12% Convertible Notes [Member] | Default [Member]                                    
DEBT (Details) [Line Items]                                    
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate 18.00%           18.00%     18.00%     18.00%          
12% Convertible Notes [Member] | Warrants 1 [Member]                                    
DEBT (Details) [Line Items]                                    
Debt Conversion, Converted Instrument, Warrants or Options Issued (in Shares) | shares             4,500,000                      
Investment Warrants, Exercise Price (in Dollars per share) | $ / shares             $ 0.35                      
12% Convertible Notes [Member] | Warrants 2 [Member]                                    
DEBT (Details) [Line Items]                                    
Debt Conversion, Converted Instrument, Warrants or Options Issued (in Shares) | shares             4,500,000                      
Investment Warrants, Exercise Price (in Dollars per share) | $ / shares             $ 0.70                      
12% Convertible Notes [Member] | 10% Private Placement [Member]                                    
DEBT (Details) [Line Items]                                    
Debt Conversion, Converted Instrument, Amount             $ 300,000                      
12% Convertible Notes [Member] | 14% Mortgage [Member]                                    
DEBT (Details) [Line Items]                                    
Debt Conversion, Converted Instrument, Amount             250,000                      
12% Convertible Notes [Member] | Automatic Conversion [Member]                                    
DEBT (Details) [Line Items]                                    
Debt Conversion, Original Debt, Amount                             $ 1,330,000      
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | shares                             266,000      
8% August 2016 [Member]                                    
DEBT (Details) [Line Items]                                    
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate               8.00%                    
Debt Conversion, Converted Instrument, Warrants or Options Issued (in Shares) | shares               100,000                    
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period               3 years                    
Investment Warrants, Exercise Price (in Dollars per share) | $ / shares               $ 0.78                    
Debt Instrument Individual Principal Amount               $ 50,000                    
Convertible Debt, Fair Value Disclosures               $ 31,100                    
10% Private Placement [Member]                                    
DEBT (Details) [Line Items]                                    
Convertible Debt $ 300,000           $ 300,000     $ 300,000     $ 300,000          
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period     5 years       18 months                      
Repayments of Convertible Debt             $ 359,000                      
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $ / shares $ 1.08           $ 1.08     $ 1.08     $ 1.08          
Debt Instrument, Convertible, Terms of Conversion Feature                     $358,000              
10% Private Placement [Member] | Maturity Date Extension [Member]                                    
DEBT (Details) [Line Items]                                    
Debt Instrument, Maturity Date     Jan. 31, 2017                              
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $ / shares     $ 1.07                              
Issuance of Stock and Warrants for Services or Claims     $ 659,000                              
Additional Collateral, Aggregate Fair Value     $ 358,000                              
Fair Value Assumptions, Risk Free Interest Rate     1.20%                              
Fair Value Assumptions, Expected Volatility Rate     151.00%                              
10% Private Placement [Member] | Infinity Capital [Member]                                    
DEBT (Details) [Line Items]                                    
Repayments of Convertible Debt             $ 347,000                      
10.0% private placement, due May 1, 2016 [Member] | Infinity Capital [Member]                                    
DEBT (Details) [Line Items]                                    
Interest Expense, Other                         $ 22,500          
Notes Payable $ 309,000           309,000     $ 309,000     309,000          
The Greenhouse [Member]                                    
DEBT (Details) [Line Items]                                    
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate           14.00%     14.00%                  
Convertible Debt $ 250,000         $ 600,000 250,000   $ 600,000 $ 250,000     $ 250,000          
Debt Instrument, Maturity Date           Oct. 21, 2016                        
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period       2 years                            
Repayments of Convertible Debt             350,000                      
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $ / shares       $ 1.20   $ 4.40     $ 4.40                  
Issuance of Stock and Warrants for Services or Claims       $ 225,000         $ 600,000                  
Amortization of Debt Discount (Premium)             $ 13,280                      
Pueblo West Property [Member]                                    
DEBT (Details) [Line Items]                                    
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate                                   8.50%
Debt Instrument Individual Principal Amount                                   $ 170,000
Repayments of Convertible Debt       $ 153,189                            
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $ / shares                                   $ 5.00
Debt Instrument, Monthly Payment                                   $ 1,674
Unsecured Debt [Member]                                    
DEBT (Details) [Line Items]                                    
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate                                 12.00% 12.00%
Convertible Debt                                 $ 1,605,000 $ 530,000
Debt Instrument, Unamortized Discount                                 $ 1,605,000  
Debt Instrument, Convertible, Conversion Price (in Dollars per share) | $ / shares                                 $ 5.00 $ 5.00
Unsecured Debt [Member] | Minimum [Member]                                    
DEBT (Details) [Line Items]                                    
Debt Instrument Individual Principal Amount                                 $ 10,000 $ 10,000
Unsecured Debt [Member] | Maximum [Member]                                    
DEBT (Details) [Line Items]                                    
Debt Instrument Individual Principal Amount                                 $ 200,000 $ 150,000
XML 45 R35.htm IDEA: XBRL DOCUMENT v3.5.0.2
DEBT (Details) - Schedule of Long-term Debt Instruments - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Debt Instrument [Line Items]    
Long-term Debt, Gross $ 3,000,000 $ 1,417,307
Unamortized debt discount (2,419,800) (279,435)
580,200 1,137,872
Less: Current portion   (986,475)
Long-term portion 580,200 151,397
12% September 2016 [Member]    
Debt Instrument [Line Items]    
Long-term Debt, Gross $ 3,000,000  
10% Private Placement [Member]    
Debt Instrument [Line Items]    
Long-term Debt, Gross   659,000
14% Mortgage [Member]    
Debt Instrument [Line Items]    
Long-term Debt, Gross   600,000
8.5% Convertible [Member]    
Debt Instrument [Line Items]    
Long-term Debt, Gross   $ 158,307
XML 46 R36.htm IDEA: XBRL DOCUMENT v3.5.0.2
DEBT (Details) - Schedule of Maturities of Long-term Debt - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Schedule of Maturities of Long-term Debt [Abstract]    
2016  
2017  
2018 3,000,000  
$ 3,000,000 $ 1,417,307
XML 47 R37.htm IDEA: XBRL DOCUMENT v3.5.0.2
ACCRUED STOCK PAYABLE (Details) - USD ($)
9 Months Ended
Aug. 04, 2016
Aug. 04, 2015
Jul. 15, 2015
May 13, 2015
Aug. 04, 2014
Sep. 30, 2016
Apr. 27, 2015
ACCRUED STOCK PAYABLE (Details) [Line Items]              
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)           $ 2.48  
Feinsod Agreement [Member]              
ACCRUED STOCK PAYABLE (Details) [Line Items]              
Related Party Transaction, Terms and Manner of Settlement           On August 4, 2014, we entered into an agreement with Michael Feinsod in consideration for serving as Executive Chairman of the Board and as a member of our Board of Directors (the “Board”) and pursuant to the terms of the Executive Board and Director Agreement (the “Feinsod Agreement”). The Board approved the issuance to Infinity Capital of (a) 200,000 shares of our common stock on August 4, 2014; (b) 1,000,000 shares of our common stock upon the uplisting of our common stock to the OTC Market’s OTCQB; (c) 150,000 shares of our common stock on August 4, 2015; and (d) 150,000 shares of our common stock on August 4, 2016. All shares, except the final tranche of 150,000 shares, have been issued as of September 30, 2016. Mr. Feinsod must remain a member of the Board in order for the common stock to be issued. In addition, the Feinsod Agreement requires the issuance of a number of shares of our common stock to Infinity Capital equal to 10% of any new issuances not to exceed 600,000 shares of our common stock in the aggregate during the time that Mr. Feinsod remains a member of the Board (the “New Issuance Allowance”). Under the terms of the Feinsod Agreement, the New Issuance Allowance will not be triggered upon issuances relating to convertible securities existing as of the date of the Feinsod Agreement. For illustrative purposes, if we issue 7,000,000 new shares of common stock, then the New Issuance Allowance issued to Infinity Capital would be capped at 600,000 shares of our common stock. No shares have been issued under the New Issuance Allowance.  
Stock Issued During Period, Shares, Issued for Services 150,000 150,000     200,000    
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)         $ 4.42    
Share Price (in Dollars per share)         $ 5.20    
Share Price Discount         15.00%    
Feinsod Agreement [Member] | Upon Uplisting to Exchange [Member] | OTCQB MARKETPLACE [Member]              
ACCRUED STOCK PAYABLE (Details) [Line Items]              
Stock Issued During Period, Shares, Issued for Services         1,000,000    
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)             $ 2.97
Share Price (in Dollars per share)             $ 3.49
Share Price Discount             15.00%
Feinsod Agreement [Member] | Maximum [Member]              
ACCRUED STOCK PAYABLE (Details) [Line Items]              
Stock Issued During Period, Shares, Issued for Services         600,000    
Employment Agreements [Member]              
ACCRUED STOCK PAYABLE (Details) [Line Items]              
Share Price (in Dollars per share)       $ 3.11      
Share Price Discount       15.00%      
Stock Issued During Period, Shares, Restricted Stock Award, Gross       100,000      
Stock Issued During Period, Value, Restricted Stock Award, Gross (in Dollars)       $ 311,000      
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures       50,000      
Employment Agreements [Member] | Scenario, Adjustment [Member]              
ACCRUED STOCK PAYABLE (Details) [Line Items]              
Stock Issued During Period, Value, Restricted Stock Award, Gross (in Dollars)       $ 264,350      
Consulting [Member]              
ACCRUED STOCK PAYABLE (Details) [Line Items]              
Stock Issued During Period, Shares, Restricted Stock Award, Gross     50,000        
XML 48 R38.htm IDEA: XBRL DOCUMENT v3.5.0.2
ACCRUED STOCK PAYABLE (Details) - Changes in accrued common stock payable - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
ACCRUED STOCK PAYABLE (Details) - Changes in accrued common stock payable [Line Items]    
Intagible Assets, Value   $ 1,532,420
Intagible Assets, Shares (in Shares)   730,000
Intagible Assets, Value $ 663,000  
Intagible Assets, Shares (in Shares) 150,000  
Iron Protection Group [Member]    
ACCRUED STOCK PAYABLE (Details) - Changes in accrued common stock payable [Line Items]    
Intagible Assets, Issued, Value $ (843,200)  
Intagible Assets, Issued, Shares (in Shares) (400,000)  
Chiefton Acquisition [Member]    
ACCRUED STOCK PAYABLE (Details) - Changes in accrued common stock payable [Line Items]    
Intagible Assets, Issued, Value $ (69,400)  
Intagible Assets, Issued, Shares (in Shares) (80,000)  
Feinsod Agreement [Member]    
ACCRUED STOCK PAYABLE (Details) - Changes in accrued common stock payable [Line Items]    
Intagible Assets, Accrued, Value $ 192,800  
Consulting [Member]    
ACCRUED STOCK PAYABLE (Details) - Changes in accrued common stock payable [Line Items]    
Intagible Assets, Issued, Value $ (25,000)  
Intagible Assets, Issued, Shares (in Shares) (50,000)  
Intagible Assets, Accrued, Value $ 6,988  
Employee Agreements [Member]    
ACCRUED STOCK PAYABLE (Details) - Changes in accrued common stock payable [Line Items]    
Intagible Assets, Issued, Value $ (132,175)  
Intagible Assets, Issued, Shares (in Shares) (50,000)  
Intagible Assets, Accrued, Value $ 567  
XML 49 R39.htm IDEA: XBRL DOCUMENT v3.5.0.2
DERIVATIVE WARRANT LIABILITY (Details) - Schedule of Assumptions for Determining Derivative Warrant Liability Fair Value - $ / shares
Sep. 30, 2016
Sep. 21, 2016
Schedule of Assumptions for Determining Derivative Warrant Liability Fair Value [Abstract]    
Current stock price (in Dollars per share) $ 1.91 $ 1.20
Risk-free interest rate 0.77% 0.92%
Expected term (in years) 3 years 3 years
Expected volatility 146.00% 146.00%
Number of iterations 5 5
XML 50 R40.htm IDEA: XBRL DOCUMENT v3.5.0.2
DERIVATIVE WARRANT LIABILITY (Details) - Schedule of Derivative Warrant Liability Fair Value - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
DERIVATIVE WARRANT LIABILITY (Details) - Schedule of Derivative Warrant Liability Fair Value [Line Items]          
Extinguishment of debt $ (1,728,280)   $ (2,086,280)    
Interest expense 5,276,550 $ 166,306 5,381,125 $ 314,011  
Debt discount 2,419,800   2,419,800   $ 279,435
Derivative Warrant Liability [Member]          
DERIVATIVE WARRANT LIABILITY (Details) - Schedule of Derivative Warrant Liability Fair Value [Line Items]          
Extinguishment of debt     1,715,000    
Interest expense     5,189,000    
Debt discount $ 2,450,000   2,450,000    
Initial fair value of warrants issued     $ 9,354,000    
XML 51 R41.htm IDEA: XBRL DOCUMENT v3.5.0.2
DERIVATIVE WARRANT LIABILITY (Details) - Schedule of Derivative Warrant Liability Gain (Loss)
9 Months Ended
Sep. 30, 2016
USD ($)
Schedule of Derivative Warrant Liability Gain (Loss) [Abstract]  
Fair Value of Warrants Issued $ 9,354,000
Increase in fair value 6,032,000
Fair Value of Warrants Issued $ 15,386,000
XML 52 R42.htm IDEA: XBRL DOCUMENT v3.5.0.2
STOCKHOLDERS' EQUITY (Details) - USD ($)
2 Months Ended 9 Months Ended
Sep. 19, 2013
Sep. 30, 2016
Dec. 31, 2015
Jun. 26, 2015
STOCKHOLDERS' EQUITY (Details) [Line Items]        
Share-based Compensation Arrangement by Share-based Payment Award, Description   On October 29, 2014, the Board authorized the adoption of and on June 26, 2015, our stockholders ratified our 2014 Equity Incentive Plan (the “Incentive Plan”). The Incentive Plan provides for the issuance of up to 10 million shares of our common stock, and is designed to provide an additional incentive to executives, employees, directors and key consultants, aligning our long term interests with participants. In April 2016, we filed a Registration Statement on Form S-8 (the “Registration Statement”), which automatically became effective in May 2016. The Registration Statement relates to 10,000,000 shares of our common stock, which are issuable pursuant to, or upon exercise of, options that have been granted or may be granted under our Incentive Plan.Share-based compensation costs for award grants to employees and directors (“Employee Awards”) are recognized on a straight-line basis over the service period for the entire award, with the amount of compensation cost recognized at any date equaling at least the portion of the award that is vested.    
Warrants, Expiration Period   3 years    
Common Stock, Par or Stated Value Per Share (in Dollars per share)   $ 0.001 $ 0.001  
Incentive Plan [Member]        
STOCKHOLDERS' EQUITY (Details) [Line Items]        
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized       10,000,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options (in Dollars)   $ 3,658,000    
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition   8 months    
Consulting Awards [Member]        
STOCKHOLDERS' EQUITY (Details) [Line Items]        
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options (in Dollars)   $ 2,600    
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition   3 months    
IPG Incentive Warrants [Member]        
STOCKHOLDERS' EQUITY (Details) [Line Items]        
Warrants Issued During Period, Shares, New Issues   500,000    
IPG $4.50 Warrants [Member]        
STOCKHOLDERS' EQUITY (Details) [Line Items]        
Stock Repurchased During Period, Shares   250,000    
Sale of Stock, Price Per Share (in Dollars per share)   $ 4.50    
IPG $5.00 Warrants [Member]        
STOCKHOLDERS' EQUITY (Details) [Line Items]        
Stock Repurchased During Period, Shares   250,000    
Sale of Stock, Price Per Share (in Dollars per share)   $ 5.00    
Warrants Consulting Services [Member]        
STOCKHOLDERS' EQUITY (Details) [Line Items]        
Stock Repurchased During Period, Shares   100,000    
Sale of Stock, Price Per Share (in Dollars per share)   $ 0.67    
Warrants, Expiration Period   5 years    
Fair Value Adjustment of Warrants (in Dollars)   $ 55,100    
2013 Warrants [Member]        
STOCKHOLDERS' EQUITY (Details) [Line Items]        
Warrants Issued During Period, Shares, New Issues 973,000      
Sale of Stock, Price Per Share (in Dollars per share) $ 10.00      
Stock Issued During Period, Shares, New Issues 973,000      
Common Stock, Par or Stated Value Per Share (in Dollars per share) $ 1.00      
XML 53 R43.htm IDEA: XBRL DOCUMENT v3.5.0.2
STOCKHOLDERS' EQUITY (Details) - Share-based expense - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
STOCKHOLDERS' EQUITY (Details) - Share-based expense [Line Items]        
Share-based expense $ 872,217 $ 863,709 $ 1,974,191 $ 4,967,799
Employee Awards        
STOCKHOLDERS' EQUITY (Details) - Share-based expense [Line Items]        
Share-based expense 740,844 695,788 1,574,906 1,319,355
Consulting Awards [Member]        
STOCKHOLDERS' EQUITY (Details) - Share-based expense [Line Items]        
Share-based expense 103,869 24,196 151,385 41,650
Feinsod Agreement [Member]        
STOCKHOLDERS' EQUITY (Details) - Share-based expense [Line Items]        
Share-based expense $ 27,504 $ 143,725 192,800 $ 3,606,794
DB Option Agreement [Member]        
STOCKHOLDERS' EQUITY (Details) - Share-based expense [Line Items]        
Share-based expense     $ 55,100  
XML 54 R44.htm IDEA: XBRL DOCUMENT v3.5.0.2
STOCKHOLDERS' EQUITY (Details) - Share-based compensation costs, Employee Awards, Fair Value Assumptions - Employee Awards
9 Months Ended
Sep. 30, 2016
$ / shares
STOCKHOLDERS' EQUITY (Details) - Share-based compensation costs, Employee Awards, Fair Value Assumptions [Line Items]  
Expected life (years) 3 years
Minimum [Member]  
STOCKHOLDERS' EQUITY (Details) - Share-based compensation costs, Employee Awards, Fair Value Assumptions [Line Items]  
Exercise price $ 0.61
Stock price on date of grant $ 0.63
Volatility 146.00%
Risk-free interest rate 0.71%
Maximum [Member]  
STOCKHOLDERS' EQUITY (Details) - Share-based compensation costs, Employee Awards, Fair Value Assumptions [Line Items]  
Exercise price $ 1.01
Stock price on date of grant $ 1.01
Volatility 153.00%
Risk-free interest rate 0.90%
XML 55 R45.htm IDEA: XBRL DOCUMENT v3.5.0.2
STOCKHOLDERS' EQUITY (Details) - Schedule of Stockholders' Equity, Warrants or Rights
9 Months Ended
Sep. 30, 2016
USD ($)
$ / shares
shares
Employee Awards  
Class of Warrant or Right [Line Items]  
Outstanding, Number of Shares (in Shares) | shares 2,509,000
Outstanding, Weighted-average Exercise Price per Share $ 1.49
Granted, Number of Shares (in Shares) | shares 6,440,800
Granted, Weighted-average Exercise Price per Share $ 0.76
Forfeited (in Shares) | shares (263,350)
Forfeited $ 0.75
Outstanding, Number of Shares (in Shares) | shares 8,686,450
Outstanding, Weighted-average Exercise Price per Share $ 0.97
Outstanding, Weighted-average Remaining Contractual Term 2 years 292 days
Outstanding, Aggregate Intrinsic Value (in Dollars) | $ $ 8,918,000
Exercisable, Weighted-average Exercise Price per Share $ 1.65
Exercisable, Weighted-average Remaining Contractual Term 2 years 109 days
Exercisable, Aggregate Intrinsic Value (in Dollars) | $ $ 883,960
Consulting Awards [Member]  
Class of Warrant or Right [Line Items]  
Outstanding, Number of Shares (in Shares) | shares 252,500
Outstanding, Weighted-average Exercise Price per Share $ 3.62
Granted, Number of Shares (in Shares) | shares 55,000
Granted, Weighted-average Exercise Price per Share $ 1.01
Outstanding, Number of Shares (in Shares) | shares 307,500
Outstanding, Weighted-average Exercise Price per Share $ 3.15
Outstanding, Weighted-average Remaining Contractual Term 1 year 109 days
Outstanding, Aggregate Intrinsic Value (in Dollars) | $ $ 64,525
Exercisable, Number of Shares (in Shares) | shares 300,000
Exercisable, Weighted-average Exercise Price per Share $ 3.22
Exercisable, Weighted-average Remaining Contractual Term 1 year 73 days
Exercisable, Aggregate Intrinsic Value (in Dollars) | $ $ 54,700
Warrants with Debt  
Class of Warrant or Right [Line Items]  
Outstanding, Number of Shares (in Shares) | shares 597,200
Outstanding, Weighted-average Exercise Price per Share $ 1.41
Granted, Number of Shares (in Shares) | shares 9,759,000
Granted, Weighted-average Exercise Price per Share $ 0.56
Outstanding, Number of Shares (in Shares) | shares 10,356,200
Outstanding, Weighted-average Exercise Price per Share $ 0.61
Outstanding, Weighted-average Remaining Contractual Term 3 years
Outstanding, Aggregate Intrinsic Value (in Dollars) | $ $ 13,564,795
Exercisable, Number of Shares (in Shares) | shares 10,356,200
Exercisable, Weighted-average Exercise Price per Share $ 0.61
Exercisable, Weighted-average Remaining Contractual Term 3 years
Exercisable, Aggregate Intrinsic Value (in Dollars) | $ $ 13,564,795
XML 56 R46.htm IDEA: XBRL DOCUMENT v3.5.0.2
STOCKHOLDERS' EQUITY (Details) - Share-based compensation costs, Consulting Awards, Fair Value Assumptions - Consulting Awards [Member]
9 Months Ended
Sep. 30, 2016
$ / shares
STOCKHOLDERS' EQUITY (Details) - Share-based compensation costs, Consulting Awards, Fair Value Assumptions [Line Items]  
Stock price on valuation date (in Dollars per share) $ 1.91
Minimum [Member]  
STOCKHOLDERS' EQUITY (Details) - Share-based compensation costs, Consulting Awards, Fair Value Assumptions [Line Items]  
Exercise price (in Dollars per share) $ 0.60
Volatility 146.00%
Risk-free interest rate 0.77%
Expected life (years) 2 years 73 days
Maximum [Member]  
STOCKHOLDERS' EQUITY (Details) - Share-based compensation costs, Consulting Awards, Fair Value Assumptions [Line Items]  
Exercise price (in Dollars per share) $ 1.20
Volatility 150.00%
Risk-free interest rate 1.14%
Expected life (years) 4 years 292 days
XML 57 R47.htm IDEA: XBRL DOCUMENT v3.5.0.2
STOCKHOLDERS' EQUITY (Details) - Share-based compensation costs, DB Option Agreement, Fair Value Assumptions - DB Option Agreement [Member]
9 Months Ended
Sep. 30, 2016
$ / shares
STOCKHOLDERS' EQUITY (Details) - Share-based compensation costs, DB Option Agreement, Fair Value Assumptions [Line Items]  
Stock price on date of grant (in Dollars per share) $ 0.61
Volatility 150.00%
Risk-free interest rate 1.20%
Expected life (years) 5 years
XML 58 R48.htm IDEA: XBRL DOCUMENT v3.5.0.2
SUBSEQUENT EVENTS (Details) - USD ($)
8 Months Ended
May 31, 2017
Oct. 31, 2016
Sep. 30, 2016
Infinity Capital [Member]      
SUBSEQUENT EVENTS (Details) [Line Items]      
Equity Method Investment, Ownership Percentage     50.00%
Debt Instrument, Fair Value Disclosure     $ 800,000
DB [Member]      
SUBSEQUENT EVENTS (Details) [Line Items]      
Debt Instrument, Fair Value Disclosure   $ 75,000  
Debt Instrument, Interest Rate During Period 14.00%    
XML 59 R49.htm IDEA: XBRL DOCUMENT v3.5.0.2
SEGMENT INFORMATION (Details) - Schedule of Segment Reporting Information, by Segment - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Segment Reporting Information [Line Items]        
Revenues, net $ 810,380 $ 593,317 $ 2,204,434 $ 1,077,376
Costs and expenses (869,215) (616,103) (2,313,270) (1,130,739)
Other expense (6,414) (3,385) (10,876) (9,200)
(65,249) (26,171) (119,712) (62,563)
Corporate expenses (14,381,845) (1,672,064) (16,852,085) (6,813,387)
Net loss (14,447,094) (1,698,235) (16,971,797) (6,875,950)
Security and Cash Management [Member]        
Segment Reporting Information [Line Items]        
Revenues, net 560,713 503,703 1,599,907 897,807
Costs and expenses (528,916) (521,099) (1,604,932) (929,421)
31,797 (17,396) (5,025) (31,614)
Marketing and Products [Member]        
Segment Reporting Information [Line Items]        
Revenues, net 106,402 9,494 222,541 34,861
Costs and expenses (164,543) (28,328) (325,640) (112,919)
(58,141) (18,834) (103,099) (78,058)
Consulting and Advisory[Member]        
Segment Reporting Information [Line Items]        
Revenues, net 117,700 52,295 288,588 52,295
Costs and expenses (162,404) (63,519) (345,967) (63,519)
(44,704) (11,224) (57,379) (11,224)
Finance And Real Estate [Member]        
Segment Reporting Information [Line Items]        
Revenues, net 25,565 27,825 93,398 92,413
Costs and expenses (13,352) (3,157) (36,731) (24,880)
Other expense (6,414) (3,385) (10,876) (9,200)
$ 5,799 $ 21,283 $ 45,791 $ 58,333
XML 60 R50.htm IDEA: XBRL DOCUMENT v3.5.0.2
SEGMENT INFORMATION (Details) - Assets by segment - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Segment Reporting, Asset Reconciling Item [Line Items]    
Total Assets $ 4,574,981 $ 3,682,711
Security and Cash Management [Member]    
Segment Reporting, Asset Reconciling Item [Line Items]    
Total Assets 110,127 132,314
Marketing and Products [Member]    
Segment Reporting, Asset Reconciling Item [Line Items]    
Total Assets 57,999 127,345
Consulting and Advisory[Member]    
Segment Reporting, Asset Reconciling Item [Line Items]    
Total Assets 125,497 22,268
Finance And Real Estate [Member]    
Segment Reporting, Asset Reconciling Item [Line Items]    
Total Assets 1,247,281 431,639
Corporate Segment [Member]    
Segment Reporting, Asset Reconciling Item [Line Items]    
Total Assets $ 3,034,077 $ 2,969,145
EXCEL 61 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 62 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 63 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 65 FilingSummary.xml IDEA: XBRL DOCUMENT 3.5.0.2 html 190 245 1 false 72 0 false 5 false false R1.htm 000 - Disclosure - Document And Entity Information Sheet http://generalcann.com/role/DocumentAndEntityInformation Document And Entity Information Cover 1 false false R2.htm 001 - Statement - CONSOLIDATED BALANCE SHEETS Sheet http://generalcann.com/role/ConsolidatedBalanceSheet CONSOLIDATED BALANCE SHEETS Statements 2 false false R3.htm 002 - Statement - CONSOLIDATED BALANCE SHEETS (Parentheticals) Sheet http://generalcann.com/role/ConsolidatedBalanceSheet_Parentheticals CONSOLIDATED BALANCE SHEETS (Parentheticals) Statements 3 false false R4.htm 003 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Sheet http://generalcann.com/role/ConsolidatedIncomeStatement CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Statements 4 false false R5.htm 004 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Sheet http://generalcann.com/role/ConsolidatedCashFlow CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Statements 5 false false R6.htm 005 - Disclosure - NATURE OF OPERATIONS, HISTORY AND PRESENTATION Sheet http://generalcann.com/role/NATUREOFOPERATIONSHISTORYANDPRESENTATION NATURE OF OPERATIONS, HISTORY AND PRESENTATION Notes 6 false false R7.htm 006 - Disclosure - BUSINESS ACQUISITIONS Sheet http://generalcann.com/role/BUSINESSACQUISITIONS BUSINESS ACQUISITIONS Notes 7 false false R8.htm 007 - Disclosure - LONG-LIVED ASSETS Sheet http://generalcann.com/role/LONGLIVEDASSETS LONG-LIVED ASSETS Notes 8 false false R9.htm 008 - Disclosure - DEBT Sheet http://generalcann.com/role/DEBT DEBT Notes 9 false false R10.htm 009 - Disclosure - ACCRUED STOCK PAYABLE Sheet http://generalcann.com/role/ACCRUEDSTOCKPAYABLE ACCRUED STOCK PAYABLE Notes 10 false false R11.htm 010 - Disclosure - DERIVATIVE WARRANT LIABILITY Sheet http://generalcann.com/role/DERIVATIVEWARRANTLIABILITY DERIVATIVE WARRANT LIABILITY Notes 11 false false R12.htm 011 - Disclosure - COMMITMENTS AND CONTINGENCIES Sheet http://generalcann.com/role/COMMITMENTSANDCONTINGENCIES COMMITMENTS AND CONTINGENCIES Notes 12 false false R13.htm 012 - Disclosure - STOCKHOLDERS' EQUITY Sheet http://generalcann.com/role/STOCKHOLDERSEQUITY STOCKHOLDERS' EQUITY Notes 13 false false R14.htm 013 - Disclosure - NET LOSS PER SHARE Sheet http://generalcann.com/role/NETLOSSPERSHARE NET LOSS PER SHARE Notes 14 false false R15.htm 014 - Disclosure - SUBSEQUENT EVENTS Sheet http://generalcann.com/role/SUBSEQUENTEVENTS SUBSEQUENT EVENTS Notes 15 false false R16.htm 015 - Disclosure - SEGMENT INFORMATION Sheet http://generalcann.com/role/SEGMENTINFORMATION SEGMENT INFORMATION Notes 16 false false R17.htm 016 - Disclosure - Accounting Policies, by Policy (Policies) Sheet http://generalcann.com/role/AccountingPoliciesByPolicy Accounting Policies, by Policy (Policies) Policies 17 false false R18.htm 017 - Disclosure - BUSINESS ACQUISITIONS (Tables) Sheet http://generalcann.com/role/BUSINESSACQUISITIONSTables BUSINESS ACQUISITIONS (Tables) Tables http://generalcann.com/role/BUSINESSACQUISITIONS 18 false false R19.htm 018 - Disclosure - LONG-LIVED ASSETS (Tables) Sheet http://generalcann.com/role/LONGLIVEDASSETSTables LONG-LIVED ASSETS (Tables) Tables http://generalcann.com/role/LONGLIVEDASSETS 19 false false R20.htm 019 - Disclosure - DEBT (Tables) Sheet http://generalcann.com/role/DEBTTables DEBT (Tables) Tables http://generalcann.com/role/DEBT 20 false false R21.htm 020 - Disclosure - ACCRUED STOCK PAYABLE (Tables) Sheet http://generalcann.com/role/ACCRUEDSTOCKPAYABLETables ACCRUED STOCK PAYABLE (Tables) Tables http://generalcann.com/role/ACCRUEDSTOCKPAYABLE 21 false false R22.htm 021 - Disclosure - DERIVATIVE WARRANT LIABILITY (Tables) Sheet http://generalcann.com/role/DERIVATIVEWARRANTLIABILITYTables DERIVATIVE WARRANT LIABILITY (Tables) Tables http://generalcann.com/role/DERIVATIVEWARRANTLIABILITY 22 false false R23.htm 022 - Disclosure - STOCKHOLDERS' EQUITY (Tables) Sheet http://generalcann.com/role/STOCKHOLDERSEQUITYTables STOCKHOLDERS' EQUITY (Tables) Tables http://generalcann.com/role/STOCKHOLDERSEQUITY 23 false false R24.htm 023 - Disclosure - SEGMENT INFORMATION (Tables) Sheet http://generalcann.com/role/SEGMENTINFORMATIONTables SEGMENT INFORMATION (Tables) Tables http://generalcann.com/role/SEGMENTINFORMATION 24 false false R25.htm 024 - Disclosure - NATURE OF OPERATIONS, HISTORY AND PRESENTATION (Details) Sheet http://generalcann.com/role/NATUREOFOPERATIONSHISTORYANDPRESENTATIONDetails NATURE OF OPERATIONS, HISTORY AND PRESENTATION (Details) Details http://generalcann.com/role/NATUREOFOPERATIONSHISTORYANDPRESENTATION 25 false false R26.htm 025 - Disclosure - BUSINESS ACQUISITIONS (Details) Sheet http://generalcann.com/role/BUSINESSACQUISITIONSDetails BUSINESS ACQUISITIONS (Details) Details http://generalcann.com/role/BUSINESSACQUISITIONSTables 26 false false R27.htm 026 - Disclosure - BUSINESS ACQUISITIONS (Details) - IPG Acquisition, Aggregate Consideration Sheet http://generalcann.com/role/IPGAcquisitionAggregateConsiderationTable BUSINESS ACQUISITIONS (Details) - IPG Acquisition, Aggregate Consideration Details http://generalcann.com/role/BUSINESSACQUISITIONSTables 27 false false R28.htm 027 - Disclosure - BUSINESS ACQUISITIONS (Details) - IPG Acquisition, Purchase Price Allocation Sheet http://generalcann.com/role/IPGAcquisitionPurchasePriceAllocationTable BUSINESS ACQUISITIONS (Details) - IPG Acquisition, Purchase Price Allocation Details http://generalcann.com/role/BUSINESSACQUISITIONSTables 28 false false R29.htm 028 - Disclosure - BUSINESS ACQUISITIONS (Details) - IPG Acquisition, Pro Forma Effects Sheet http://generalcann.com/role/IPGAcquisitionProFormaEffectsTable BUSINESS ACQUISITIONS (Details) - IPG Acquisition, Pro Forma Effects Details http://generalcann.com/role/BUSINESSACQUISITIONSTables 29 false false R30.htm 029 - Disclosure - BUSINESS ACQUISITIONS (Details) - Chiefton Acquisition, Aggregate Consideration Sheet http://generalcann.com/role/ChieftonAcquisitionAggregateConsiderationTable BUSINESS ACQUISITIONS (Details) - Chiefton Acquisition, Aggregate Consideration Details http://generalcann.com/role/BUSINESSACQUISITIONSTables 30 false false R31.htm 030 - Disclosure - BUSINESS ACQUISITIONS (Details) - Chiefton Acquisition, Purchase Price Allocation Sheet http://generalcann.com/role/ChieftonAcquisitionPurchasePriceAllocationTable BUSINESS ACQUISITIONS (Details) - Chiefton Acquisition, Purchase Price Allocation Details http://generalcann.com/role/BUSINESSACQUISITIONSTables 31 false false R32.htm 031 - Disclosure - LONG-LIVED ASSETS (Details) Sheet http://generalcann.com/role/LONGLIVEDASSETSDetails LONG-LIVED ASSETS (Details) Details http://generalcann.com/role/LONGLIVEDASSETSTables 32 false false R33.htm 032 - Disclosure - LONG-LIVED ASSETS (Details) - Intangible assets Sheet http://generalcann.com/role/IntangibleassetsTable LONG-LIVED ASSETS (Details) - Intangible assets Details http://generalcann.com/role/LONGLIVEDASSETSTables 33 false false R34.htm 033 - Disclosure - DEBT (Details) Sheet http://generalcann.com/role/DEBTDetails DEBT (Details) Details http://generalcann.com/role/DEBTTables 34 false false R35.htm 034 - Disclosure - DEBT (Details) - Schedule of Long-term Debt Instruments Sheet http://generalcann.com/role/ScheduleofLongtermDebtInstrumentsTable DEBT (Details) - Schedule of Long-term Debt Instruments Details http://generalcann.com/role/DEBTTables 35 false false R36.htm 035 - Disclosure - DEBT (Details) - Schedule of Maturities of Long-term Debt Sheet http://generalcann.com/role/ScheduleofMaturitiesofLongtermDebtTable DEBT (Details) - Schedule of Maturities of Long-term Debt Details http://generalcann.com/role/DEBTTables 36 false false R37.htm 036 - Disclosure - ACCRUED STOCK PAYABLE (Details) Sheet http://generalcann.com/role/ACCRUEDSTOCKPAYABLEDetails ACCRUED STOCK PAYABLE (Details) Details http://generalcann.com/role/ACCRUEDSTOCKPAYABLETables 37 false false R38.htm 037 - Disclosure - ACCRUED STOCK PAYABLE (Details) - Changes in accrued common stock payable Sheet http://generalcann.com/role/ChangesinaccruedcommonstockpayableTable ACCRUED STOCK PAYABLE (Details) - Changes in accrued common stock payable Details http://generalcann.com/role/ACCRUEDSTOCKPAYABLETables 38 false false R39.htm 038 - Disclosure - DERIVATIVE WARRANT LIABILITY (Details) - Schedule of Assumptions for Determining Derivative Warrant Liability Fair Value Sheet http://generalcann.com/role/ScheduleofAssumptionsforDeterminingDerivativeWarrantLiabilityFairValueTable DERIVATIVE WARRANT LIABILITY (Details) - Schedule of Assumptions for Determining Derivative Warrant Liability Fair Value Details http://generalcann.com/role/DERIVATIVEWARRANTLIABILITYTables 39 false false R40.htm 039 - Disclosure - DERIVATIVE WARRANT LIABILITY (Details) - Schedule of Derivative Warrant Liability Fair Value Sheet http://generalcann.com/role/ScheduleofDerivativeWarrantLiabilityFairValueTable DERIVATIVE WARRANT LIABILITY (Details) - Schedule of Derivative Warrant Liability Fair Value Details http://generalcann.com/role/DERIVATIVEWARRANTLIABILITYTables 40 false false R41.htm 040 - Disclosure - DERIVATIVE WARRANT LIABILITY (Details) - Schedule of Derivative Warrant Liability Gain (Loss) Sheet http://generalcann.com/role/ScheduleofDerivativeWarrantLiabilityGainLossTable DERIVATIVE WARRANT LIABILITY (Details) - Schedule of Derivative Warrant Liability Gain (Loss) Details http://generalcann.com/role/DERIVATIVEWARRANTLIABILITYTables 41 false false R42.htm 041 - Disclosure - STOCKHOLDERS' EQUITY (Details) Sheet http://generalcann.com/role/STOCKHOLDERSEQUITYDetails STOCKHOLDERS' EQUITY (Details) Details http://generalcann.com/role/STOCKHOLDERSEQUITYTables 42 false false R43.htm 042 - Disclosure - STOCKHOLDERS' EQUITY (Details) - Share-based expense Sheet http://generalcann.com/role/SharebasedexpenseTable STOCKHOLDERS' EQUITY (Details) - Share-based expense Details http://generalcann.com/role/STOCKHOLDERSEQUITYTables 43 false false R44.htm 043 - Disclosure - STOCKHOLDERS' EQUITY (Details) - Share-based compensation costs, Employee Awards, Fair Value Assumptions Sheet http://generalcann.com/role/SharebasedcompensationcostsEmployeeAwardsFairValueAssumptionsTable STOCKHOLDERS' EQUITY (Details) - Share-based compensation costs, Employee Awards, Fair Value Assumptions Details http://generalcann.com/role/STOCKHOLDERSEQUITYTables 44 false false R45.htm 044 - Disclosure - STOCKHOLDERS' EQUITY (Details) - Schedule of Stockholders' Equity, Warrants or Rights Sheet http://generalcann.com/role/ScheduleofStockholdersEquityWarrantsorRightsTable STOCKHOLDERS' EQUITY (Details) - Schedule of Stockholders' Equity, Warrants or Rights Details http://generalcann.com/role/STOCKHOLDERSEQUITYTables 45 false false R46.htm 045 - Disclosure - STOCKHOLDERS' EQUITY (Details) - Share-based compensation costs, Consulting Awards, Fair Value Assumptions Sheet http://generalcann.com/role/SharebasedcompensationcostsConsultingAwardsFairValueAssumptionsTable STOCKHOLDERS' EQUITY (Details) - Share-based compensation costs, Consulting Awards, Fair Value Assumptions Details http://generalcann.com/role/STOCKHOLDERSEQUITYTables 46 false false R47.htm 046 - Disclosure - STOCKHOLDERS' EQUITY (Details) - Share-based compensation costs, DB Option Agreement, Fair Value Assumptions Sheet http://generalcann.com/role/SharebasedcompensationcostsDBOptionAgreementFairValueAssumptionsTable STOCKHOLDERS' EQUITY (Details) - Share-based compensation costs, DB Option Agreement, Fair Value Assumptions Details http://generalcann.com/role/STOCKHOLDERSEQUITYTables 47 false false R48.htm 047 - Disclosure - SUBSEQUENT EVENTS (Details) Sheet http://generalcann.com/role/SUBSEQUENTEVENTSDetails SUBSEQUENT EVENTS (Details) Details http://generalcann.com/role/SUBSEQUENTEVENTS 48 false false R49.htm 048 - Disclosure - SEGMENT INFORMATION (Details) - Schedule of Segment Reporting Information, by Segment Sheet http://generalcann.com/role/ScheduleofSegmentReportingInformationbySegmentTable SEGMENT INFORMATION (Details) - Schedule of Segment Reporting Information, by Segment Details http://generalcann.com/role/SEGMENTINFORMATIONTables 49 false false R50.htm 049 - Disclosure - SEGMENT INFORMATION (Details) - Assets by segment Sheet http://generalcann.com/role/AssetsbysegmentTable SEGMENT INFORMATION (Details) - Assets by segment Details http://generalcann.com/role/SEGMENTINFORMATIONTables 50 false false All Reports Book All Reports cann-20160930.xml cann-20160930.xsd cann-20160930_cal.xml cann-20160930_def.xml cann-20160930_lab.xml cann-20160930_pre.xml true true ZIP 67 0001398432-16-000762-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001398432-16-000762-xbrl.zip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end