$ACAN
AmeriCann, Inc.

2017 Q2 Form 10-Q Financial Statement

#000143774917014728 Filed on August 14, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $10.00K $45.00K
YoY Change -77.78% 0.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $400.0K $280.0K
YoY Change 42.86% -22.22%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $0.00
YoY Change
% of Gross Profit
Operating Expenses $397.1K $283.2K
YoY Change 40.19% -21.25%
Operating Profit -$387.1K -$238.2K
YoY Change 62.48% -24.29%
Interest Expense $44.41K $48.83K
YoY Change -9.04% 26.58%
% of Operating Profit
Other Income/Expense, Net -$81.01K
YoY Change
Pretax Income -$470.0K -$360.0K
YoY Change 30.56% 16.13%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$468.1K -$356.4K
YoY Change 31.34% 13.77%
Net Earnings / Revenue -4680.71% -791.95%
Basic Earnings Per Share
Diluted Earnings Per Share -$24.43K -$21.65K
COMMON SHARES
Basic Shares Outstanding 19.24M 16.63M
Diluted Shares Outstanding 19.24M 16.63M

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.00K $10.00K
YoY Change 0.0% -95.0%
Cash & Equivalents $10.42K $6.922K
Short-Term Investments
Other Short-Term Assets $90.00K $350.0K
YoY Change -74.29% -84.65%
Inventory
Prepaid Expenses $11.73K
Receivables
Other Receivables
Total Short-Term Assets $100.1K $358.0K
YoY Change -72.04% -85.62%
LONG-TERM ASSETS
Property, Plant & Equipment $4.434K $9.885K
YoY Change -55.14% 48.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.050M $2.980M
YoY Change 69.46% 14800.0%
Total Long-Term Assets $6.615M $3.826M
YoY Change 72.92% 110.2%
TOTAL ASSETS
Total Short-Term Assets $100.1K $358.0K
Total Long-Term Assets $6.615M $3.826M
Total Assets $6.715M $4.184M
YoY Change 60.52% -2.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $390.0K $280.0K
YoY Change 39.29% 600.0%
Accrued Expenses $0.00 $80.00K
YoY Change -100.0% 100.0%
Deferred Revenue
YoY Change
Short-Term Debt $990.0K $3.420M
YoY Change -71.05% 426.15%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.396M $3.789M
YoY Change -63.16% 412.02%
LONG-TERM LIABILITIES
Long-Term Debt $1.980M $0.00
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.980M $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.396M $3.789M
Total Long-Term Liabilities $1.980M $0.00
Total Liabilities $3.380M $3.789M
YoY Change -10.79% 69.15%
SHAREHOLDERS EQUITY
Retained Earnings -$7.403M -$4.376M
YoY Change 69.17%
Common Stock $1.937K $1.663K
YoY Change 16.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.335M $394.7K
YoY Change
Total Liabilities & Shareholders Equity $6.715M $4.184M
YoY Change 60.52% -2.93%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income -$468.1K -$356.4K
YoY Change 31.34% 13.77%
Depreciation, Depletion And Amortization $0.00 $0.00
YoY Change
Cash From Operating Activities -$350.0K -$200.0K
YoY Change 75.0% -13.04%
INVESTING ACTIVITIES
Capital Expenditures -$260.0K -$280.0K
YoY Change -7.14% 2700.0%
Acquisitions
YoY Change
Other Investing Activities $40.00K $10.00K
YoY Change 300.0% -96.0%
Cash From Investing Activities -$220.0K -$260.0K
YoY Change -15.38% -208.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 370.0K 410.0K
YoY Change -9.76% 310.0%
NET CHANGE
Cash From Operating Activities -350.0K -200.0K
Cash From Investing Activities -220.0K -260.0K
Cash From Financing Activities 370.0K 410.0K
Net Change In Cash -200.0K -50.00K
YoY Change 300.0% -145.45%
FREE CASH FLOW
Cash From Operating Activities -$350.0K -$200.0K
Capital Expenditures -$260.0K -$280.0K
Free Cash Flow -$90.00K $80.00K
YoY Change -212.5% -136.36%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q2 acan Class Of Warrant Or Right Exercisable
ClassOfWarrantOrRightExercisable
6526000
CY2017Q2 acan Class Of Warrant Or Right Exercisable Exercise Price
ClassOfWarrantOrRightExercisableExercisePrice
5.18
acan Class Of Warrant Or Right Exercisable Weighted Average Remaining Contract Term
ClassOfWarrantOrRightExercisableWeightedAverageRemainingContractTerm
P2Y73D
CY2016Q3 acan Debt Instrument Related Parties Unamortized Discount
DebtInstrumentRelatedPartiesUnamortizedDiscount
72651
CY2017Q2 acan Depoists On Land Noncurrent
DepoistsOnLandNoncurrent
2796537
CY2016Q3 acan Depoists On Land Noncurrent
DepoistsOnLandNoncurrent
925000
CY2017Q2 acan Equity Units Number Of Shares Of Common Stock In Each Unit
EquityUnitsNumberOfSharesOfCommonStockInEachUnit
1
CY2016Q4 acan Equity Units Number Of Shares Of Common Stock In Each Unit
EquityUnitsNumberOfSharesOfCommonStockInEachUnit
1
CY2017Q2 acan Assets Heldforsale Not Part Of Disposal Group Noncurrent
AssetsHeldforsaleNotPartOfDisposalGroupNoncurrent
2250809
CY2016Q3 acan Assets Heldforsale Not Part Of Disposal Group Noncurrent
AssetsHeldforsaleNotPartOfDisposalGroupNoncurrent
2250809
CY2017Q2 acan Equity Units Price Per Unit
EquityUnitsPricePerUnit
2
CY2016Q4 acan Equity Units Price Per Unit
EquityUnitsPricePerUnit
1
CY2017Q2 acan Equity Units Subscribed But Unissued Gross Proceeds Receivable
EquityUnitsSubscribedButUnissuedGrossProceedsReceivable
370000
CY2016Q4 acan Equity Units Subscribed But Unissued Gross Proceeds Receivable
EquityUnitsSubscribedButUnissuedGrossProceedsReceivable
2000000
CY2017Q2 acan Equity Units Value Subscriptions
EquityUnitsValueSubscriptions
185000
CY2016Q4 acan Equity Units Value Subscriptions
EquityUnitsValueSubscriptions
2000000
acan Increase Decrease In Interest Payable Related Party Net
IncreaseDecreaseInInterestPayableRelatedPartyNet
-109825
acan Class Of Warrant Or Right Granted During Period
ClassOfWarrantOrRightGrantedDuringPeriod
5825000
acan Class Of Warrant Or Right Granted During Period Exercise Price
ClassOfWarrantOrRightGrantedDuringPeriodExercisePrice
1.81
acan Class Of Warrant Or Right Granted Weighted Average Remaining Contract Term
ClassOfWarrantOrRightGrantedWeightedAverageRemainingContractTerm
P3Y109D
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
P2Y219D
CY2017Q2 acan Class Of Warrant Or Right Vested And Expected To Vest
ClassOfWarrantOrRightVestedAndExpectedToVest
10166000
CY2017Q2 acan Class Of Warrant Or Right Vested And Expected To Vest Weighted Average Exercise Price
ClassOfWarrantOrRightVestedAndExpectedToVestWeightedAverageExercisePrice
3.68
acan Class Of Warrant Or Right Vested And Expected To Vest Weighted Average Remaining Contract Term
ClassOfWarrantOrRightVestedAndExpectedToVestWeightedAverageRemainingContractTerm
P2Y219D
CY2017Q2 acan Debt Instrument Related Parties Unamortized Discount
DebtInstrumentRelatedPartiesUnamortizedDiscount
52378
acan Increase Decrease In Interest Payable Related Party Net
IncreaseDecreaseInInterestPayableRelatedPartyNet
45452
CY2017Q2 acan Interest Payable Related Party Current
InterestPayableRelatedPartyCurrent
0
CY2016Q3 acan Interest Payable Related Party Current
InterestPayableRelatedPartyCurrent
109825
CY2015 acan Land Selling Price
LandSellingPrice
2500000
CY2017Q2 acan Notes And Loans Receivable Including Related Parties Net Current
NotesAndLoansReceivableIncludingRelatedPartiesNetCurrent
CY2016Q3 acan Notes And Loans Receivable Including Related Parties Net Current
NotesAndLoansReceivableIncludingRelatedPartiesNetCurrent
247378
CY2017Q2 acan Notes And Loans Receivable Including Related Parties Net Noncurrent
NotesAndLoansReceivableIncludingRelatedPartiesNetNoncurrent
905642
CY2016Q3 acan Notes And Loans Receivable Including Related Parties Net Noncurrent
NotesAndLoansReceivableIncludingRelatedPartiesNetNoncurrent
838008
CY2016Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
6.19
CY2017Q2 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
25361
CY2016Q3 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
14986
CY2017Q2 acan Notes And Loans Receivable Net
NotesAndLoansReceivableNet
905642
CY2016Q3 acan Notes And Loans Receivable Net
NotesAndLoansReceivableNet
1085386
CY2017Q2 acan Notes Loans And Financing Receivable Net Related Parties Noncurrent
NotesLoansAndFinancingReceivableNetRelatedPartiesNoncurrent
125327
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
CY2017Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
391381
CY2016Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
385380
CY2017Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3423
CY2016Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2581
CY2017Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
10736200
CY2016Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
6512244
CY2017Q2 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
14977
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0
CY2014Q3 us-gaap Area Of Land
AreaOfLand
5
CY2017Q2 us-gaap Assets
Assets
6715457
CY2016Q3 us-gaap Assets
Assets
4310366
CY2017Q2 us-gaap Assets Current
AssetsCurrent
100103
CY2016Q3 us-gaap Assets Current
AssetsCurrent
261649
CY2017Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
16139
CY2016Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
26514
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10418
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24
CY2015Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
201353
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6922
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
10394
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-194431
CY2017Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
3.68
CY2016Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
4341000
CY2017Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
10166000
CY2017Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2016Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2017Q2 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
CY2017Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2016Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2017Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
19366000
CY2016Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
17031000
CY2017Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
19366000
CY2016Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
17031000
CY2017Q2 us-gaap Common Stock Value
CommonStockValue
1937
CY2016Q3 us-gaap Common Stock Value
CommonStockValue
1703
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
166660
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
CY2017Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
638683
CY2016Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
CY2017Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
0
CY2016Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
35250
CY2017Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
0
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11217
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11217
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.08
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.06
CY2017Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
CY2016Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-90000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-90000
CY2017Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
344710
CY2016Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
124571
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
997960
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
462116
CY2017Q2 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 In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-160659
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
195867
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-2521
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
93831
us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
-30000
us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
0
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-8924
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
30780
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-277
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-1779
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-23470
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-24030
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
0
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
525000
CY2017Q2 us-gaap Interest Expense
InterestExpense
44413
CY2016Q2 us-gaap Interest Expense
InterestExpense
48826
us-gaap Interest Expense
InterestExpense
183750
us-gaap Interest Expense
InterestExpense
113031
CY2017Q2 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
36925
CY2016Q2 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
23814
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
106527
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
69266
us-gaap Interest Paid
InterestPaid
394049
us-gaap Interest Paid
InterestPaid
57431
CY2017Q2 us-gaap Interest Payable Current
InterestPayableCurrent
CY2016Q3 us-gaap Interest Payable Current
InterestPayableCurrent
118749
CY2017Q2 us-gaap Interest Receivable Current
InterestReceivableCurrent
CY2016Q3 us-gaap Interest Receivable Current
InterestReceivableCurrent
2521
CY2017Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
327
CY2016Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
44482
us-gaap Investment Income Interest
InvestmentIncomeInterest
11086
us-gaap Investment Income Interest
InvestmentIncomeInterest
138269
CY2017Q2 us-gaap Liabilities
Liabilities
3380055
CY2016Q3 us-gaap Liabilities
Liabilities
3701350
CY2017Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6715457
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4310366
CY2017Q2 us-gaap Liabilities Current
LiabilitiesCurrent
1396031
CY2016Q3 us-gaap Liabilities Current
LiabilitiesCurrent
1677053
CY2017Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1945
CY2016Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
14990
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
9165
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
17338
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1990527
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
748797
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-292279
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-334557
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1687854
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-608671
us-gaap Net Income Loss
NetIncomeLoss
-1497804
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
-468071
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
-356378
us-gaap Net Income Loss
NetIncomeLoss
-1041835
CY2017Q2 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
CY2016Q3 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
247378
CY2017Q2 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
780315
CY2016Q3 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
780315
CY2017Q2 us-gaap Notes Payable Current
NotesPayableCurrent
990000
CY2016Q3 us-gaap Notes Payable Current
NotesPayableCurrent
1157997
CY2017Q2 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
1984024
CY2016Q3 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
2024297
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
397060
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
283220
us-gaap Operating Expenses
OperatingExpenses
1258613
us-gaap Operating Expenses
OperatingExpenses
982807
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-387060
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-238220
us-gaap Operating Income Loss
OperatingIncomeLoss
-1218613
us-gaap Operating Income Loss
OperatingIncomeLoss
-907807
CY2017Q2 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
14650
CY2016Q3 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
14927
CY2017Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-81011
CY2016Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-118158
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-279191
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-134028
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
472023
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
CY2014Q3 us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
2250809
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4328
CY2017Q2 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
CY2017Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000
CY2017Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2016Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2017Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2016Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2017Q2 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2017Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
31726
CY2016Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
11726
CY2017Q2 us-gaap Prepaid Rent
PrepaidRent
57959
CY2016Q3 us-gaap Prepaid Rent
PrepaidRent
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
277378
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
250401
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2176274
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
24657
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
521297
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
-67634
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-55630
CY2017Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
37500
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
37500
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
CY2017Q2 us-gaap Professional Fees
ProfessionalFees
50405
CY2016Q2 us-gaap Professional Fees
ProfessionalFees
140369
us-gaap Professional Fees
ProfessionalFees
251488
us-gaap Professional Fees
ProfessionalFees
493449
CY2017Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4434
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5276
CY2017Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
CY2016Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3290
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
9904
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
CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-7402735
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-5904931
CY2017Q2 us-gaap Revenues
Revenues
10000
CY2016Q2 us-gaap Revenues
Revenues
45000
us-gaap Revenues
Revenues
40000
us-gaap Revenues
Revenues
75000
CY2017Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
10000
CY2016Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
45000
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
40000
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
75000
CY2017Q2 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
121524
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
CY2017Q2 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
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.04
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1155000
CY2017Q2 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
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1155000
CY2017Q2 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
P255D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P255D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P255D
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
50000
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
3335402
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
609016
CY2017Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2016Q2 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
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19239465
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16631000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18886513
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16631000
CY2017Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
19239465
CY2016Q2 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
18886513
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16631000
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19239465
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16631000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18886513
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16631000

Files In Submission

Name View Source Status
0001437749-17-014728-index-headers.html Edgar Link pending
0001437749-17-014728-index.html Edgar Link pending
0001437749-17-014728.txt Edgar Link pending
0001437749-17-014728-xbrl.zip Edgar Link pending
acan-20170630.xml Edgar Link completed
acan-20170630.xsd Edgar Link pending
acan-20170630_cal.xml Edgar Link unprocessable
acan-20170630_def.xml Edgar Link unprocessable
acan-20170630_lab.xml Edgar Link unprocessable
acan-20170630_pre.xml Edgar Link unprocessable
acan20170630_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