$ACAN
AmeriCann, Inc.

2017 Q1 Form 10-Q Financial Statement

#000143774917009189 Filed on May 15, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $15.00K $15.00K
YoY Change 0.0% -70.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $520.0K $300.0K
YoY Change 73.33% -36.17%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.00K $10.00K
YoY Change 0.0%
% of Gross Profit
Operating Expenses $518.5K $300.7K
YoY Change 72.43% -36.02%
Operating Profit -$503.5K -$285.7K
YoY Change 76.23%
Interest Expense $57.76K $32.25K
YoY Change 79.11% -19.38%
% of Operating Profit
Other Income/Expense, Net -$91.81K
YoY Change
Pretax Income -$600.0K -$300.0K
YoY Change 100.0% -21.05%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$595.3K -$296.0K
YoY Change 101.08% -22.09%
Net Earnings / Revenue -3968.59% -1973.61%
Basic Earnings Per Share
Diluted Earnings Per Share -$31.35K -$18.04K
COMMON SHARES
Basic Shares Outstanding 19.14M 16.63M
Diluted Shares Outstanding 19.14M 16.63M

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $200.0K $60.00K
YoY Change 233.33% -40.0%
Cash & Equivalents $204.4K $64.74K
Short-Term Investments
Other Short-Term Assets $130.0K $2.260M
YoY Change -94.25% -2.16%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $337.4K $2.330M
YoY Change -85.52% -4.12%
LONG-TERM ASSETS
Property, Plant & Equipment $4.714K $10.17K
YoY Change -53.63% 1.65%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.060M $450.0K
YoY Change 1024.44% 1400.0%
Total Long-Term Assets $6.183M $1.620M
YoY Change 281.68% -21.36%
TOTAL ASSETS
Total Short-Term Assets $337.4K $2.330M
Total Long-Term Assets $6.183M $1.620M
Total Assets $6.521M $3.950M
YoY Change 65.08% -12.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $50.00K $210.0K
YoY Change -76.19% 200.0%
Accrued Expenses $30.00K $70.00K
YoY Change -57.14% 600.0%
Deferred Revenue
YoY Change
Short-Term Debt $990.0K $2.930M
YoY Change -66.21% 343.94%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.098M $3.220M
YoY Change -65.91% 329.33%
LONG-TERM LIABILITIES
Long-Term Debt $1.990M $0.00
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.990M $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.098M $3.220M
Total Long-Term Liabilities $1.990M $0.00
Total Liabilities $3.087M $3.220M
YoY Change -4.13% 49.07%
SHAREHOLDERS EQUITY
Retained Earnings -$6.935M
YoY Change
Common Stock $1.918K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.433M $730.0K
YoY Change
Total Liabilities & Shareholders Equity $6.521M $3.950M
YoY Change 65.08% -12.03%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income -$595.3K -$296.0K
YoY Change 101.08% -22.09%
Depreciation, Depletion And Amortization $10.00K $10.00K
YoY Change 0.0%
Cash From Operating Activities -$550.0K -$190.0K
YoY Change 189.47% -13.64%
INVESTING ACTIVITIES
Capital Expenditures -$210.0K -$50.00K
YoY Change 320.0% -61.54%
Acquisitions
YoY Change
Other Investing Activities $130.0K $100.0K
YoY Change 30.0% -110.64%
Cash From Investing Activities -$80.00K $50.00K
YoY Change -260.0% -104.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 40.00K 160.0K
YoY Change -75.0% -86.78%
NET CHANGE
Cash From Operating Activities -550.0K -190.0K
Cash From Investing Activities -80.00K 50.00K
Cash From Financing Activities 40.00K 160.0K
Net Change In Cash -590.0K 20.00K
YoY Change -3050.0% -125.0%
FREE CASH FLOW
Cash From Operating Activities -$550.0K -$190.0K
Capital Expenditures -$210.0K -$50.00K
Free Cash Flow -$340.0K -$140.0K
YoY Change 142.86% 55.56%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q1 acan Assets Heldforsale Not Part Of Disposal Group Noncurrent
AssetsHeldforsaleNotPartOfDisposalGroupNoncurrent
2250809
CY2016Q3 acan Assets Heldforsale Not Part Of Disposal Group Noncurrent
AssetsHeldforsaleNotPartOfDisposalGroupNoncurrent
2250809
CY2017Q1 acan Class Of Warrant Or Right Exercisable
ClassOfWarrantOrRightExercisable
9981000
CY2017Q1 acan Class Of Warrant Or Right Exercisable Exercise Price
ClassOfWarrantOrRightExercisableExercisePrice
3.66
acan Class Of Warrant Or Right Exercisable Weighted Average Remaining Contract Term
ClassOfWarrantOrRightExercisableWeightedAverageRemainingContractTerm
P2Y292D
acan Class Of Warrant Or Right Granted During Period
ClassOfWarrantOrRightGrantedDuringPeriod
5640000
acan Class Of Warrant Or Right Granted During Period Exercise Price
ClassOfWarrantOrRightGrantedDuringPeriodExercisePrice
1.71
acan Class Of Warrant Or Right Granted Weighted Average Remaining Contract Term
ClassOfWarrantOrRightGrantedWeightedAverageRemainingContractTerm
P3Y292D
CY2016 acan Class Of Warrant Or Right Outstanding Weighted Average Remaining Contract Term
ClassOfWarrantOrRightOutstandingWeightedAverageRemainingContractTerm
P2Y36D
acan Class Of Warrant Or Right Outstanding Weighted Average Remaining Contract Term
ClassOfWarrantOrRightOutstandingWeightedAverageRemainingContractTerm
P2Y292D
CY2017Q1 acan Class Of Warrant Or Right Vested And Expected To Vest
ClassOfWarrantOrRightVestedAndExpectedToVest
9981000
CY2017Q1 acan Class Of Warrant Or Right Vested And Expected To Vest Weighted Average Exercise Price
ClassOfWarrantOrRightVestedAndExpectedToVestWeightedAverageExercisePrice
3.66
acan Class Of Warrant Or Right Vested And Expected To Vest Weighted Average Remaining Contract Term
ClassOfWarrantOrRightVestedAndExpectedToVestWeightedAverageRemainingContractTerm
P2Y292D
CY2017Q1 acan Debt Instrument Related Parties Unamortized Discount
DebtInstrumentRelatedPartiesUnamortizedDiscount
57719
CY2016Q3 acan Debt Instrument Related Parties Unamortized Discount
DebtInstrumentRelatedPartiesUnamortizedDiscount
72651
CY2017Q1 acan Depoists On Land Noncurrent
DepoistsOnLandNoncurrent
2811027
CY2016Q3 acan Depoists On Land Noncurrent
DepoistsOnLandNoncurrent
925000
CY2016Q4 acan Equity Units Number Of Shares Of Common Stock In Each Unit
EquityUnitsNumberOfSharesOfCommonStockInEachUnit
1
CY2016Q4 acan Equity Units Price Per Unit
EquityUnitsPricePerUnit
1
CY2016Q4 acan Equity Units Subscribed But Unissued Gross Proceeds Receivable
EquityUnitsSubscribedButUnissuedGrossProceedsReceivable
2000000
CY2016Q4 acan Equity Units Value Subscriptions
EquityUnitsValueSubscriptions
2000000
acan Increase Decrease In Interest Payable Related Party Net
IncreaseDecreaseInInterestPayableRelatedPartyNet
-109825
acan Increase Decrease In Interest Payable Related Party Net
IncreaseDecreaseInInterestPayableRelatedPartyNet
45452
CY2017Q1 acan Interest Payable Related Party Current
InterestPayableRelatedPartyCurrent
0
CY2016Q3 acan Interest Payable Related Party Current
InterestPayableRelatedPartyCurrent
109825
CY2017Q1 acan Notes And Loans Receivable Including Related Parties Net Current
NotesAndLoansReceivableIncludingRelatedPartiesNetCurrent
62747
CY2016Q3 acan Notes And Loans Receivable Including Related Parties Net Current
NotesAndLoansReceivableIncludingRelatedPartiesNetCurrent
247378
CY2017Q1 acan Notes And Loans Receivable Including Related Parties Net Noncurrent
NotesAndLoansReceivableIncludingRelatedPartiesNetNoncurrent
879056
CY2016Q3 acan Notes And Loans Receivable Including Related Parties Net Noncurrent
NotesAndLoansReceivableIncludingRelatedPartiesNetNoncurrent
838008
CY2017Q1 acan Notes And Loans Receivable Net
NotesAndLoansReceivableNet
941803
CY2016Q3 acan Notes And Loans Receivable Net
NotesAndLoansReceivableNet
1085386
CY2017Q1 acan Notes Loans And Financing Receivable Net Related Parties Noncurrent
NotesLoansAndFinancingReceivableNetRelatedPartiesNoncurrent
98741
CY2016Q3 acan Notes Loans And Financing Receivable Net Related Parties Noncurrent
NotesLoansAndFinancingReceivableNetRelatedPartiesNoncurrent
57693
CY2014Q1 acan Ownership Percentage Transfered
OwnershipPercentageTransfered
0.93
acan Stock And Warrants Issued During Period Value Consideration For Sale Leaseback Transaction
StockAndWarrantsIssuedDuringPeriodValueConsiderationForSaleLeasebackTransaction
1972966
acan Stock And Warrants Issued During Period Value Consideration For Sale Leaseback Transaction
StockAndWarrantsIssuedDuringPeriodValueConsiderationForSaleLeasebackTransaction
CY2017Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
54448
CY2016Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
385380
CY2017Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3143
CY2016Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2581
CY2017Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
10366219
CY2016Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
6512244
CY2017Q1 us-gaap Allowance For Notes And Loans Receivable Noncurrent
AllowanceForNotesAndLoansReceivableNoncurrent
469699
CY2016Q3 us-gaap Allowance For Notes And Loans Receivable Noncurrent
AllowanceForNotesAndLoansReceivableNoncurrent
469699
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
20318
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0
CY2017Q1 us-gaap Assets
Assets
6520564
CY2016Q3 us-gaap Assets
Assets
4310366
CY2017Q1 us-gaap Assets Current
AssetsCurrent
337370
CY2016Q3 us-gaap Assets Current
AssetsCurrent
261649
CY2017Q1 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
21903
CY2016Q3 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
14986
CY2017Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
19597
CY2016Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
26514
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
204411
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24
CY2015Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
201353
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
64738
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
204387
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-136615
CY2016Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
6.19
CY2017Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
3.66
CY2016Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
4341000
CY2017Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
9981000
CY2017Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2016Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2017Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2016Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2017Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2016Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2017Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
19181000
CY2016Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
17031000
CY2017Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
19181000
CY2016Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
17031000
CY2017Q1 us-gaap Common Stock Value
CommonStockValue
1918
CY2016Q3 us-gaap Common Stock Value
CommonStockValue
1703
CY2017Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
214881
CY2016Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
CY2017Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
0
CY2016Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
35250
CY2017Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
0
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7479
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7478
CY2017Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.03
CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.06
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.04
CY2017Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
364817
CY2016Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
162400
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
653250
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
337545
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Income Taxes Paid
IncomeTaxesPaid
0
us-gaap Income Taxes Paid
IncomeTaxesPaid
0
us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
64371
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-330932
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
127856
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-1994
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-1951
us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
-30000
us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
0
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
5000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
21346
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
25467
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
8081
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-8018
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-28980
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-25022
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
0
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
250000
CY2017Q1 us-gaap Interest Expense
InterestExpense
57762
CY2016Q1 us-gaap Interest Expense
InterestExpense
32249
us-gaap Interest Expense
InterestExpense
139337
us-gaap Interest Expense
InterestExpense
64205
CY2017Q1 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
36634
CY2016Q1 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
23594
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
69602
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
45452
us-gaap Interest Paid
InterestPaid
277100
us-gaap Interest Paid
InterestPaid
15932
CY2017Q1 us-gaap Interest Payable Current
InterestPayableCurrent
30270
CY2016Q3 us-gaap Interest Payable Current
InterestPayableCurrent
118749
CY2017Q1 us-gaap Interest Receivable Current
InterestReceivableCurrent
527
CY2016Q3 us-gaap Interest Receivable Current
InterestReceivableCurrent
2521
CY2017Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
2584
CY2016Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
45492
us-gaap Investment Income Interest
InvestmentIncomeInterest
10759
us-gaap Investment Income Interest
InvestmentIncomeInterest
93787
CY2017Q1 us-gaap Liabilities
Liabilities
3087091
CY2016Q3 us-gaap Liabilities
Liabilities
3701350
CY2017Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6520564
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4310366
CY2017Q1 us-gaap Liabilities Current
LiabilitiesCurrent
1097726
CY2016Q3 us-gaap Liabilities Current
LiabilitiesCurrent
1677053
CY2017Q1 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
4973
CY2016Q1 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
250
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
7220
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
2348
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1620527
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
343685
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-71298
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-70093
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1344842
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-410207
us-gaap Net Income Loss
NetIncomeLoss
-1029733
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
-595288
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
-296041
us-gaap Net Income Loss
NetIncomeLoss
-685457
CY2017Q1 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
62747
CY2016Q3 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
247378
CY2017Q1 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
780315
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
227500
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-41048
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
CY2017Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
37500
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
37500
CY2016Q3 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
780315
CY2017Q1 us-gaap Notes Payable Current
NotesPayableCurrent
990000
CY2016Q3 us-gaap Notes Payable Current
NotesPayableCurrent
1157997
CY2017Q1 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
1989365
CY2016Q3 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
2024297
CY2017Q1 us-gaap Operating Expenses
OperatingExpenses
518476
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
300690
us-gaap Operating Expenses
OperatingExpenses
861553
us-gaap Operating Expenses
OperatingExpenses
699587
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-503476
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-285690
us-gaap Operating Income Loss
OperatingIncomeLoss
-831553
us-gaap Operating Income Loss
OperatingIncomeLoss
-669587
CY2017Q1 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
23008
CY2016Q3 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
14927
CY2017Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-91812
CY2016Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-10351
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-198180
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-15870
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
214881
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4327
CY2017Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2017Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000
CY2017Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2016Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2017Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2016Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2017Q1 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2017Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
11726
CY2016Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
11726
CY2017Q1 us-gaap Prepaid Rent
PrepaidRent
57959
CY2016Q3 us-gaap Prepaid Rent
PrepaidRent
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
214631
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
184234
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1843774
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
24657
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
116185
CY2017Q1 us-gaap Professional Fees
ProfessionalFees
148686
CY2016Q1 us-gaap Professional Fees
ProfessionalFees
134751
us-gaap Professional Fees
ProfessionalFees
201083
us-gaap Professional Fees
ProfessionalFees
353080
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4714
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5276
CY2017Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
CY2016Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3289
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
6614
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
227904
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
20000
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-6934664
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-5904931
CY2017Q1 us-gaap Revenues
Revenues
15000
CY2016Q1 us-gaap Revenues
Revenues
15000
us-gaap Revenues
Revenues
30000
us-gaap Revenues
Revenues
30000
CY2017Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
15000
CY2016Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
15000
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
30000
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
30000
CY2017Q1 us-gaap Security Deposit
SecurityDeposit
3110
CY2016Q3 us-gaap Security Deposit
SecurityDeposit
3110
us-gaap Share Based Compensation
ShareBasedCompensation
37450
us-gaap Share Based Compensation
ShareBasedCompensation
102799
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1205000
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1155000
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.70
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.04
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1155000
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
9.04
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1155000
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
9.04
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.75
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y182D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P1Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P1Y
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
50000
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
3433473
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
609016
CY2017Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2017Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19136555
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16631000
CY2016Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16631000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
18706825
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16631000
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19136555
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16631000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18706825
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16631000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18706825
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16631000
CY2017Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
19136555

Files In Submission

Name View Source Status
0001437749-17-009189-index-headers.html Edgar Link pending
0001437749-17-009189-index.html Edgar Link pending
0001437749-17-009189.txt Edgar Link pending
0001437749-17-009189-xbrl.zip Edgar Link pending
acan-20170331.xml Edgar Link completed
acan-20170331.xsd Edgar Link pending
acan-20170331_cal.xml Edgar Link unprocessable
acan-20170331_def.xml Edgar Link unprocessable
acan-20170331_lab.xml Edgar Link unprocessable
acan-20170331_pre.xml Edgar Link unprocessable
acan20170331_10q.htm Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending