Evergreen Sustainable Enterprises (EGSE) 10-Q 13 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 13, 2014
Document And Entity Information	'	'
Entity Registrant Name	'Home Treasure Finders, Inc.	'
Entity Central Index Key	'0001527102	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	13,205,450
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2014	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
Current Assets:	'	'
Cash	$5,706	$14,205
Prepaid asset	1,561	'
Total current assets	7,267	14,205
Property and equipment, net	862,967	'
Other assets:	'	'
Security deposits	1,050	'
Total assets	871,284	14,205
Liabilities:	'	'
Accounts payable	8,788	6,311
Accrued salary	18,611	14,612
Accrued liabilities	35,303	28,220
Accrued interest on related party note payable	1,761	1,246
Related party note payable	14,793	4,943
Current portion of long term liabilities	11,745	'
Total current liabilities	91,001	55,332
Long term debt	828,255	'
Total liabilities	919,256	55,332
Shareholders' equity (deficit):	'	'
Common stock, no par value; 100,000,000 shares authorized, 13,005,450 and 11,725,800 shares issued and outstanding, respectively	185,267	57,302
Additional paid in capital	96,476	96,476
Accumulated deficit	-329,715	-194,905
Total shareholder's equity (deficit)	-47,972	-41,127
Total liabilities and shareholders' equity (deficit)	$871,284	$14,205

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Stockholders Equity	'	'
Common Stock par value	$0	$0
Common Stock Authorized	100,000,000	100,000,000
Common Stock Issued	13,005,450	11,725,800
Common Stock Outstanding	13,005,450	11,725,800

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]	'	'	'	'
Commission income	$18,220	$37,023	$74,964	$89,063
Property management income	11,174	17,039	37,911	26,787
Revenue	29,394	54,062	112,875	115,850
Operating expenses:	'	'	'	'
Commision expense	10,227	5,553	35,267	13,359
Professional fees	3,497	3,669	25,394	15,884
General and Administrative	57,961	32,750	189,556	82,912
Total operating expenses	71,685	41,972	250,217	112,155
Operating income (loss)	-42,291	12,090	-137,342	3,695
Other income (expense)	'	'	'	'
Other income	3,047	'	3,047	'
Interest expense	-50	-101	-515	-198
Total other income (expense)	2,997	-101	2,532	-198
Income (loss) before taxes	-39,294	11,989	-134,810	3,497
Income tax expense	'	'	'	'
Net Income (loss)	($39,294)	$11,989	($134,810)	$3,497
Basic and diluted loss per share	$0	$0	$0	$0
Basic and diluted weighted average common shares outstanding	13,005,450	11,725,800	12,583,587	11,725,800

Shareholders_Equity

Shareholders Equity (USD $)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning Balance, value at Dec. 31, 2012	$57,302	$96,476	($190,115)	($36,337)
Beginning Balance, shares at Dec. 31, 2012	11,725,800	'	'	'
Net Income (loss)	'	'	-4,790	-4,790
Ending Balance, value at Dec. 31, 2013	57,302	96,476	-194,905	-41,127
Beginning Balance, shares at Dec. 31, 2013	11,725,800	'	'	'
Common stock issued for services, shares	83,650	'	'	'
Common stock issued for services, value	8,365	'	'	9,365
Common stock issued for cash, shares	1,196,000	'	'	'
Common stock issued for cash, value	119,600	'	'	119,600
Net Income (loss)	'	'	-134,810	-134,810
Ending Balance, value at Sep. 30, 2014	$185,267	$96,476	($329,715)	($47,972)
Ending Balance, shares at Sep. 30, 2014	13,005,450	'	'	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:	'	'
Net loss	($134,810)	$3,497
Adjustments to reconcile net loss to net cash provided (used) by operating activities:	'	'
Depreciation and amortization	1,958	'
Common stock issued for services	8,365	'
Decrease in prepaid expense	-1,561	210
Increase in other current assets and other assets	-1,050	'
Decrease in accrued salary	3,999	-2,888
Increase in accrued interest	515	198
Increase in accrued liabilities	7,083	16,841
Increase (decrease) in accounts payable	2,477	-3,614
Net cash (used in) operating activities	-113,024	14,244
Cash flows from investing activities:	'	'
Cash paid for fixed assets	-864,925	'
Net cash used in investing activities	-864,925	'
Cash flows from financing activities:	'	'
Proceeds from common stock sales	119,600	'
Proceeds from long term debt	840,000	'
Proceeds from related party payable	10,350	5,000
Payment of related party payable	-500	-2,500
Net cash provided by financing activities	969,450	2,500
Net change in cash	-8,499	16,744
Cash, beginning of period	14,205	9,408
Cash, end of period	5,706	26,152
Supplemental disclosure of cash flow information:	'	'
Cash paid during the period for Income taxes	'	'
Cash paid during the period for Interest	'	'

1_Basis_of_Presentation

1 Basis of Presentation	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Basis of Presentation	'
	Note 1:  Basis of Presentation
	The accompanying financial statements have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The interim financial statements reflect all adjustments, consisting of normal recurring adjustments which, in the opinion of management, are necessary to present a fair statement of the results for the period.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the December 31, 2013 financial statements and notes thereto included. The results of operations for the period ended September 30, 2014, are not necessarily indicative of the operating results for the year ended December 31, 2014.

2_Going_Concern

2 Going Concern	9 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Going Concern	'
	Note 2:  Going Concern
	The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.  As shown in the accompanying financial statements, since inception the Company has incurred losses in all quarters except the quarters ended March 31, 2013 and September 30, 2013 and it has a limited operating history.  These factors, among others, may indicate that the Company will be unable to continue as a going concern for a reasonable period of time.
	The financial statements do not include any adjustments relating to the recoverability and classification of assets and liabilities that might be necessary should the Company be unable to continue as a going concern.  The Company’s continuation as a going concern is dependent upon its ability to generate sufficient cash flow to meet its obligations on a timely basis and ultimately to attain profitability.  The Company intends to seek additional funding through equity offerings to fund its business plan.  There is no assurance that the Company will be successful in raising additional funds.

3_Related_Party_Transactions

3 Related Party Transactions	9 Months Ended
	Sep. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	Note 3:  Related Party Transactions
	During the nine months ended September 30, 2014, the related party payable had a net increase of $10,350.  The balance of the related party payable was $14,793 and $4,943 as of September 30, 2014 and December 31, 2013, respectively.  This payable is due on demand and has an interest rate of 8%.  Accrued interest on this payable was $1,761 at September 30, 2014.  Beginning in 2013, the Company began accruing salary of $5,500 per month to the CEO for his services.  Effective April 14, 2014, the base salary to be paid to the CEO increased to $6,000 per month.  The balance accrued at September 30, 2014 was $18,612.
	Effective April 1, 2013 all property management activities, revenues and expenses in connection with CW Properties, a property management company owned by the CEO, were transferred to a wholly owned subsidiary of Home Treasure Finders, Inc.  All net revenue earned by CW Properties beginning April 1, 2013 has been booked as consolidated revenue of Home Treasure Finders, Inc.
	On March 3, 2014 we formed a wholly owned subsidiary, HMTF Cannabis Holdings, Inc.  The purpose of the subsidiary is to purchase properties that qualify for legal cultivation of cannabis, improve the properties and lease them to licensed third party growers.  We have expanded our website and commenced limited operations consisting of locating qualified properties and growers.
	On March 14, 2014 we formed an affiliate vehicle, JDONE, LLC which has been consolidated, through which we might make anonymous offers on properties suitable for cannabis cultivation. Subsequently, we transferred $100,000 from our company checking account into the bank account of JDONE and on July 2014 JDONE issued a $10,000 check to serve as down payment on the purchase of warehouse units to be used for cannabis cultivation.  The sale was closed on September 15, 2014 and the total purchase price was $850,000 with down payment of $10,000 with balance due of $840,000 carried by the seller.
	We are negotiating to obtain additional capital with which to purchase additional various properties.
	On April 7, 2014 we formed a wholly owned subsidiary, HMTF Productions, LLC which has been consolidated.  The purpose of the subsidiary is to help us better communicate nationwide with present and potential investors, while also generating local awareness and brand recognition.  We anticipate that the promotional activities of this subsidiary may help our real estate sales and property management division to generate additional revenue and our HMTF Cannabis Holdings subsidiary to raise working capital needed for planned real estate acquisitions.

4_Property_and_Equipment

4 Property and Equipment	9 Months Ended
	Sep. 30, 2014
Property, Plant and Equipment [Abstract]	'
Property and Equipment	'
	Note 4:  Property and Equipment
	The Company’s capital assets consist of warehouse units, computer equipment, office furniture and leasehold improvements for the new office.  Depreciation and amortization is calculated using the straight-line method over the estimated useful life of the asset, ranging from 18 months to 39 years.  Expenditures for additions and improvements are capitalized, while repairs and maintenance costs are expensed as incurred.  The cost and related accumulated depreciation of any capital assets that are sold or otherwise disposed of are removed from the accounts and any gain or loss is recorded in the year of disposal.
	Fixed assets and related depreciation for the nine months ended September 30, 2014 are as follows:
	Computer equipment	$	5,672
	Furniture and fixtures		5,253
	Leasehold improvements		4,000
	Warehouse units		850,000
	Accumulated amortization and depreciation		(1,958	)
	Total fixed assets	$	862,967
	Depreciation expense was $1,069 and amortization expense was $889 for the nine months ended September 30, 2014.

5_Stock_Transactions

5 Stock Transactions	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Stock Transactions	'
	Note 5:  Stock Transactions
	On March 13, 2014 the Company completed a private placement of restricted common shares priced at $0.10 per share.  This placement of our restricted common stock generated $119,600 to be utilized as general working capital. The shares were issued March 31, 2014.
	On March 31, the Company also issued 83,650 shares of common stock valued at $0.10 per share to pay for services received.
	On October 8, 2014, the Company deposited a check for $30,000 from an existing shareholder to purchase 200,000 restricted shares of the Company's common stock.  As of the date of this report, the cash received has been utilized for general working capital and in connection with the Company's Garfield street wharehouse, however, no certificate has been issued..

6_Debt

6 Debt	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Debt	'
	Note 6:  Debt
	On September 15, 2014,  the Company entered into a promissory note for $840,000 on the purchase three warehouse units known as 4420, 4430 and 4440 Garfield Street, Denver, Colorado. The Company anticipates leasing each of the three separate  units to one or more licensed third party growers for cannabis cultivation.  The terms of the variable interest 25 year amortization note carried by the seller of the property call for payments to seller as follows:
		1	First and Second year interest rate at 7% with 25 year amortization payment at $5,936.95 per month.
		2.	Third and Fourth year at 8% with 25 year amortization payment at $6,277.73 per month.
		3.	Fifth year at 9% with 25 year amortization payment at $6,639.64 per month.
		4.	Balloon payment of $777,255.49 due at end of the fifth year.
	The note to seller is secured by the three warehouse units.

7_Subsequent_Events

7 Subsequent Events	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	Note 7:  Subsequent Events
	On November 5, 2104 the Company leased the warehouse unit known as 4440 Garfield Street, Denver, Colorado, to a third party. The third party plans to utilize the premises for a retail marijuana cultivation facility and/or a medical marijuana optional premises cultivation facility, as those terms are defined under Colorado law. The Company’s management and its tenant believe that all lease terms conform with the provisions of the State Law and all additional  local and state oversight and permit processes known  as the “Colorado Marijuana Code”.
	The four year lease term begins on November 5, 2014 at a monthly rent of $4,000. The tenant paid the first month rent plus a $4,000 deposit in certified funds at lease signing. Terms of the net lease provide that the tenant accepts the property in its present condition. Lease terms further provide that the tenant will utilize the existing build out plans, owned by the Company, and  that the tenant will utilize the related building permits, previously filed by the Company with the Denver City and County, to complete build out, all at tenant’s expense. Once the tenant completes the build out, the tenant anticipates being issued an occupancy permit by Denver City and County. Thereafter, the lease provides that the tenant may initiate and thereafter continue to undertake the cultivation and distribution of Cannabis provided the tenant remains in compliance with the "Colorado Marijuana Code".
	As of  the date of this report the Company continues to interview potential tenants who have responded to the Company’s internet advertising and expressed and interest to lease the company’s two remaining warehouse units.
	On October 10, 2014 we completed a  private placement of restricted common shares priced at $0.15 per share.  This placement of our restricted common stock generated  $30,000 to be utilized as general working capital. As of the date of this report none of the shares sold have been issued.

4_Property_and_Equipment_Table

4 Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2014
Property, Plant and Equipment [Abstract]	'
Fixed assets and related depreciation	'
	Computer equipment	$	5,672
	Furniture and fixtures		5,253
	Leasehold improvements		4,000
	Warehouse units		850,000
	Accumulated amortization and depreciation		(1,958	)
	Total fixed assets	$	862,967

3_RELATED_PARTY_TRANSACTIONS_D

3 RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013	Mar. 14, 2014
Related Party Transactions [Abstract]	'	'	'
Net increase of related party payable	$10,350	'	'
Balance of the related party payable	14,793	4,943	'
Interest rate	8.00%	8.00%	'
Accrued interest on this payable	1,761	937	'
Monthly salary	6,000	5,500	'
Accrued salary	18,612	22,500	'
Amount transferred to JDONE	'	'	100,000
Down payment given on property	'	'	10,000
Total purchase price	$850,000	'	'

5_Stock_Transactions_Details_N

5 Stock Transactions (Details Narrative) (USD $)	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Value of shares issed in private placement	$0.10
Private placement revenue generated	$119,600
Increase in CEO monthly salary	$6,000
Shares issued for services	83,650
Per share value of shares issued for services	$0.10

4_Property_and_Equipment_Fixed

4 Property and Equipment - Fixed assets and related depreciation (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Property, Plant and Equipment [Abstract]	'	'
Computer equipment	$5,672	'
Furniture and fixtures	5,253	'
Leasehold improvements	4,000	'
Warehouse units	850,000	'
Accumulated amortization and depreciation	-1,958	'
Total fixed assets	$862,967	'

4_Property_and_Equipment_Detai

4 Property and Equipment (Details Narrative) (USD $)	9 Months Ended
	Sep. 30, 2014
Property, Plant and Equipment [Abstract]	'
Depreciation	$409
Amortization expense	$222

6_Debt_Details_Narrative

6 Debt (Details Narrative) (USD $)	Sep. 30, 2014	Sep. 15, 2014	Dec. 31, 2013
Debt Disclosure [Abstract]	'	'	'
Promissory note entered into	$828,255	$840,000	'
First and Second year interest rate	'	7.00%	'
First and second year monthly payment	'	5,936.95	'
Third and fourth year interest rate	'	8.00%	'
Third and fourth year monthly payment amount	'	6,277.73	'
Fifth year interest rate	'	9.00%	'
Fifth year monthly payment	'	6,639.64	'
Ballon payment due at the end of the fifth year	'	$777,255	'

7_Subsequent_Events_Details_Na

7 Subsequent Events (Details Narrative) (USD $)	3 Months Ended
	Dec. 31, 2014	Oct. 10, 2014
Subsequent Events [Abstract]	'	'
Lease money collected	$4,000	'
Deposit for lease collected	4,000	'
Cash generated from a private placement of restricted shares	'	$30,000
Per share value of restricted shares issued in private placement	'	$0.15