10-Q/A Filing

MARIJUANA CO OF AMERICA, INC. CIK: 1078799 Q3 2017

Filing Information

Form Type	10-Q/A
Accession Number	`0001262463-18-000013`
Period End Date	20170930
Filing Date	20180110
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	mcoa-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 67 Cash Flow Statement 65 Stockholders Equity 18

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Note payable related party net of dicount	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Note payable related party net of dicount	`DebtInstrumentUnamortizedDiscount`	$22.68K	USD	Point-in-time
Convertible note payable, net of debt discount - current	`DebtInstrumentUnamortizedDiscountCurrent`	$107.60K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$115.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$147.49K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Convertible note payable, net of debt discount - non current	`DebtInstrumentUnamortizedDiscountNoncurrent`	$400.39K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$11.90K	USD	Point-in-time
Preferred stock, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$9.12K	USD	Point-in-time
Preferred stock, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventory	`InventoryNet`	$83.47K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventory	`InventoryNet`	$149.42K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$240.09K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$161.32K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$12.74K	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Investments	`Investments`	$313.27K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00B	shares	Point-in-time
Investments	`Investments`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00B	shares	Point-in-time
Total assets	`Assets`	$240.09K	USD	Point-in-time
Total assets	`Assets`	$487.34K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.62B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.04B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.04B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.62B	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$313.83K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$324.89K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$32.71K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$97.50K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$12.60K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$4.80K	USD	Point-in-time
Notes payable, related party, net of debt discount of $22,681 and $0	`NotesPayableRelatedPartiesClassifiedCurrent`	$277.86K	USD	Point-in-time
Notes payable, related party, net of debt discount of $22,681 and $0	`NotesPayableRelatedPartiesClassifiedCurrent`	$7.49K	USD	Point-in-time
Convertible notes payable, net of debt discount of $107,597	`ConvertibleNotesPayableCurrent`	$88.52K	USD	Point-in-time
Convertible notes payable, net of debt discount of $107,597	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Warrant liability	`WarrantsAndRightsOutstanding`	-	USD	Point-in-time
Warrant liability	`WarrantsAndRightsOutstanding`	$1.46M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$632.32K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$369.89K	USD	Point-in-time
Convertible notes payable, net of debt discount of $400,395	`ConvertibleLongTermNotesPayable`	-	USD	Point-in-time
Convertible notes payable, net of debt discount of $400,395	`ConvertibleLongTermNotesPayable`	$77.11K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	-	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$451.30K	USD	Point-in-time
Total long term debt	`LiabilitiesNoncurrent`	$528.40K	USD	Point-in-time
Total long term debt	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$369.89K	USD	Point-in-time
Total liabilities	`Liabilities`	$3.41M	USD	Point-in-time
Preferred stock, $0.001 par value, 50,000,000 shares authorized; Class A preferred stock, $0.001 par value, 10,000,000 shares designated, 10,000,000 shares issued and outstanding as of September 30, 2017 and December 31, 2016	`PreferredStockValue`	$10.00K	USD	Point-in-time
Preferred stock, $0.001 par value, 50,000,000 shares authorized; Class A preferred stock, $0.001 par value, 10,000,000 shares designated, 10,000,000 shares issued and outstanding as of September 30, 2017 and December 31, 2016	`PreferredStockValue`	$10.00K	USD	Point-in-time
Common stock, $0.001 par value; 5,000,000,000 shares authorized; 2,035,847,197 and 1,620,996,998 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$1.62M	USD	Point-in-time
Common stock, $0.001 par value; 5,000,000,000 shares authorized; 2,035,847,197 and 1,620,996,998 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$2.04M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$27.56M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$7.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.53M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.45M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-129.80K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.93M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$240.09K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$487.34K	USD	Point-in-time

Income Statement 67 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$19.95K	USD	3 Qtrs
Sales	`SalesRevenueNet`	$2.93K	USD	1 Quarter
Sales	`SalesRevenueNet`	-	USD	3 Qtrs
Sales	`SalesRevenueNet`	-	USD	1 Quarter
Cost of sales	`CostOfRevenue`	-	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	-	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$14.10K	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$1.94K	USD	1 Quarter
Gross Profit	`GrossProfit`	$5.85K	USD	3 Qtrs
Gross Profit	`GrossProfit`	-	USD	3 Qtrs
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	$986.00	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.93M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$19.05M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$499.02K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$700.11K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	3 Qtrs
Depreciation	`Depreciation`	$1.40K	USD	3 Qtrs
Depreciation	`Depreciation`	$755.00	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.93M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$700.87K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$19.05M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$499.02K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-1.93M	USD	3 Qtrs
Net loss from operations	`OperatingIncomeLoss`	$-699.88K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-19.05M	USD	3 Qtrs
Net loss from operations	`OperatingIncomeLoss`	$-499.02K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-7.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-2.83M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-1.95M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-7.00K	USD	3 Qtrs
Loss on equity investment	`GainLossOnInvestments`	$-375.00K	USD	3 Qtrs
Loss on equity investment	`GainLossOnInvestments`	-	USD	3 Qtrs
Loss on equity investment	`GainLossOnInvestments`	$-375.00K	USD	1 Quarter
Loss on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-833.50K	USD	3 Qtrs
Loss on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	-	USD	3 Qtrs
Loss on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Loss on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-863.47K	USD	1 Quarter
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-3.18M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-7.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-7.00K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-4.04M	USD	3 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.94M	USD	3 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-506.02K	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-3.88M	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-23.09M	USD	3 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-506.02K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-3.88M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.94M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-23.09M	USD	3 Qtrs
Loss per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Loss per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Loss per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Loss per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average number of common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.88B	shares	3 Qtrs
Weighted average number of common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.20B	shares	3 Qtrs
Weighted average number of common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.27B	shares	1 Quarter
Weighted average number of common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.99B	shares	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-506.02K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.88M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.94M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-23.09M	USD	3 Qtrs
Depreciation	`Depreciation`	-	USD	3 Qtrs
Depreciation	`Depreciation`	$1.40K	USD	3 Qtrs
Depreciation	`Depreciation`	$755.00	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$729.33K	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Non cash interest	`PaidInKindInterest`	-	USD	3 Qtrs
Non cash interest	`PaidInKindInterest`	$1.02M	USD	3 Qtrs
Loss on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-833.50K	USD	3 Qtrs
Loss on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	-	USD	3 Qtrs
Loss on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Loss on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-863.47K	USD	1 Quarter
Fair value of liability warrants issued as inducement fee	`FairValueAdjustmentOfWarrants`	-	USD	3 Qtrs
Fair value of liability warrants issued as inducement fee	`FairValueAdjustmentOfWarrants`	$1.06M	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$18.11M	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$1.49M	USD	3 Qtrs
Notes payable issued in settlement of accrued compensation and expenses incurred	`OtherNoncashExpense`	$426.89K	USD	3 Qtrs
Notes payable issued in settlement of accrued compensation and expenses incurred	`OtherNoncashExpense`	$235.85K	USD	3 Qtrs
Loss on equity investment	`GainLossOnInvestments`	$-375.00K	USD	3 Qtrs
Loss on equity investment	`GainLossOnInvestments`	-	USD	3 Qtrs
Loss on equity investment	`GainLossOnInvestments`	$-375.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.78K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$65.94K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	-	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.26K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.00K	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$97.50K	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$64.79K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-106.89K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-527.41K	USD	3 Qtrs
Purchase of investments	`PaymentsToAcquireInvestments`	-	USD	3 Qtrs
Purchase of investments	`PaymentsToAcquireInvestments`	$688.27K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.14K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-702.42K	USD	3 Qtrs
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$30.00K	USD	3 Qtrs
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$601.47K	USD	3 Qtrs
Proceeds from issuance of notes payable, related party	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Proceeds from issuance of notes payable, related party	`ProceedsFromRelatedPartyDebt`	$395.88K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$85.00K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$77.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$107.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.08M	USD	3 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$115.00	USD	3 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-147.49K	USD	3 Qtrs
Cash-beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$115.00	USD	Point-in-time
Cash-beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$147.49K	USD	Point-in-time
Cash-beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash-beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash-end of period	`CashAndCashEquivalentsAtCarryingValue`	$115.00	USD	Point-in-time
Cash-end of period	`CashAndCashEquivalentsAtCarryingValue`	$147.49K	USD	Point-in-time
Cash-end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash-end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Common stock issued in settlement of related party notes payable	`StockIssued1`	$195.00K	USD	3 Qtrs
Common stock issued in settlement of related party notes payable	`StockIssued1`	$2.09M	USD	3 Qtrs

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance common stock, shares	`CommonStockSharesOutstanding`	2.04B	shares	Point-in-time
Balance common stock, shares	`CommonStockSharesOutstanding`	1.62B	shares	Point-in-time
Balance, value	`StockholdersEquity`	$-129.80K	USD	Point-in-time
Balance, value	`StockholdersEquity`	$-2.93M	USD	Point-in-time
Common stock issued for services rendered, value	`StockIssuedDuringPeriodValueIssuedForServices`	$17.72M	USD	3 Qtrs
Common stock issued in settlement of related party notes payable, value	`DebtConversionConvertedInstrumentAmount1`	$2.09M	USD	3 Qtrs
Replacement of previously canceled common shares, value	`StockIssuedDuringPeriodValueOther`	-	USD	3 Qtrs
Sale of common stock, value	`StockIssuedDuringPeriodValueNewIssues`	$85.00K	USD	3 Qtrs
Common stock issued for accrued officer compensation, value	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	-	USD	3 Qtrs
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$397.50K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-506.02K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.88M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.94M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-23.09M	USD	3 Qtrs
Balance common stock, shares	`CommonStockSharesOutstanding`	2.04B	shares	Point-in-time
Balance common stock, shares	`CommonStockSharesOutstanding`	1.62B	shares	Point-in-time
Balance, value	`StockholdersEquity`	$-129.80K	USD	Point-in-time
Balance, value	`StockholdersEquity`	$-2.93M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.