10-K Filing

ETHEMA HEALTH CORP CIK: 792935 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0000721748-13-000058`
Period End Date	20121231
Filing Date	20130401
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	grst-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 47 Cash Flow Statement 50 Stockholders Equity 12

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Common shares; par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common shares; par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common shares; par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common shares; par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common shares; shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common shares; shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common shares; shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common shares; shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable (note 6)	`AccountsNotesAndLoansReceivableNetCurrent`	$188.42K	USD	Point-in-time
Accounts receivable (note 6)	`AccountsNotesAndLoansReceivableNetCurrent`	$380.04K	USD	Point-in-time
Common shares;shares issued	`CommonStockSharesIssued`	27.23M	shares	Point-in-time
Common shares;shares issued	`CommonStockSharesIssued`	27.23M	shares	Point-in-time
Harmonized sales tax receivable	`IncomeTaxesReceivable`	$5.93K	USD	Point-in-time
Common shares; shares outstanding	`CommonStockSharesOutstanding`	27.23M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$83.72K	USD	Point-in-time
Common shares; shares outstanding	`CommonStockSharesOutstanding`	27.23M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$111.21K	USD	Point-in-time
Inventory	`InventoryNet`	$11.78K	USD	Point-in-time
Inventory	`InventoryNet`	$16.17K	USD	Point-in-time
AssetsCurrent	`AssetsCurrent`	$289.86K	USD	Point-in-time
AssetsCurrent	`AssetsCurrent`	$507.43K	USD	Point-in-time
FIXED ASSETS (note 7, 9)	`PropertyPlantAndEquipmentNet`	$641.05K	USD	Point-in-time
FIXED ASSETS (note 7, 9)	`PropertyPlantAndEquipmentNet`	$617.57K	USD	Point-in-time
Assets	`Assets`	$930.92K	USD	Point-in-time
Assets	`Assets`	$1.12M	USD	Point-in-time
Bank indebtedness	`ShortTermBorrowings`	$70.80K	USD	Point-in-time
Bank indebtedness	`ShortTermBorrowings`	$28.28K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$632.50K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$863.86K	USD	Point-in-time
Harmonized sales tax payable	`SalesAndExciseTaxPayableCurrent`	$313.30K	USD	Point-in-time
Withholding taxes payable	`WithholdingTaxesPayable`	$1.04M	USD	Point-in-time
Withholding taxes payable	`WithholdingTaxesPayable`	$270.12K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$215.79K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$116.69K	USD	Point-in-time
Convertible notes payable (note 8)	`NotesPayableCurrent`	$2.50M	USD	Point-in-time
Convertible notes payable (note 8)	`NotesPayableCurrent`	$1.82M	USD	Point-in-time
Current portion of loan payable (note 9)	`LoansPayableToBankCurrent`	$8.13K	USD	Point-in-time
Due to related party (note 10)	`NotesPayableRelatedPartiesClassifiedCurrent`	$190.48K	USD	Point-in-time
Due to related party (note 10)	`NotesPayableRelatedPartiesClassifiedCurrent`	$330.30K	USD	Point-in-time
LiabilitiesCurrent	`LiabilitiesCurrent`	$3.88M	USD	Point-in-time
LiabilitiesCurrent	`LiabilitiesCurrent`	$4.52M	USD	Point-in-time
LOAN PAYABLE (note 9)	`LongTermLoansFromBank`	$38.92K	USD	Point-in-time
Liabilities	`Liabilities`	$4.56M	USD	Point-in-time
Liabilities	`Liabilities`	$3.88M	USD	Point-in-time
Common shares; $0.01 par value, 100,000,000 shares authorized; 27,234,279 shares issued and outstanding (note 11)	`CommonStockValue`	$272.34K	USD	Point-in-time
Common shares; $0.01 par value, 100,000,000 shares authorized; 27,234,279 shares issued and outstanding (note 11)	`CommonStockValue`	$135.22K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.64M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$21.72K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-47.73K	USD	Point-in-time
Accumulated deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$8.82M	USD	Point-in-time
Accumulated deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$10.30M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$-3.44M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$-2.95M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$1.12M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$930.92K	USD	Point-in-time

Income Statement 47 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$5.54M	USD	Annual
REVENUES	`Revenues`	$1.68M	USD	Annual
COST OF SERVICES PROVIDED	`CostOfServices`	$1.05M	USD	Annual
COST OF SERVICES PROVIDED	`CostOfServices`	$648.77K	USD	Annual
GROSS PROFIT	`GrossProfit`	$-4.49M	USD	Annual
GROSS PROFIT	`GrossProfit`	$-1.03M	USD	Annual
Continuing education	`ContinuingEducation`	$25.74K	USD	Annual
Continuing education	`ContinuingEducation`	$7.05K	USD	Annual
Depreciation	`DepreciationNonproduction`	$223.98K	USD	Annual
Depreciation	`DepreciationNonproduction`	$129.77K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$510.15K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$546.56K	USD	Annual
Interest and fees	`InterestExpense`	$214.21K	USD	Annual
Interest and fees	`InterestExpense`	$26.57K	USD	Annual
Management fees (note 10)	`ManagementFeeAmountPaid`	$461.89K	USD	Annual
Management fees (note 10)	`ManagementFeeAmountPaid`	$179.92K	USD	Annual
Meals and entertainment	`MealsAndEntertainment`	$3.38K	USD	Annual
Meals and entertainment	`MealsAndEntertainment`	$1.46K	USD	Annual
Medical supplies	`MedicalSupplies`	$132.25K	USD	Annual
Medical supplies	`MedicalSupplies`	$81.14K	USD	Annual
Professional fees	`ProfessionalFees`	$434.80K	USD	Annual
Professional fees	`ProfessionalFees`	$128.58K	USD	Annual
Rent (note 10)	`PaymentsForRent`	$-847.56K	USD	Annual
Rent (note 10)	`PaymentsForRent`	$-465.04K	USD	Annual
Salaries and wages	`LaborAndRelatedExpense`	$3.41M	USD	Annual
Salaries and wages	`LaborAndRelatedExpense`	$1.53M	USD	Annual
Subcontract fees	`SubcontractFees`	$42.89K	USD	Annual
Subcontract fees	`SubcontractFees`	$9.39K	USD	Annual
Supplies	`SuppliesExpense`	$72.08K	USD	Annual
Supplies	`SuppliesExpense`	$181.59K	USD	Annual
Travel	`TravelAndEntertainmentExpense`	$37.93K	USD	Annual
Travel	`TravelAndEntertainmentExpense`	$16.09K	USD	Annual
OperatingExpenses	`OperatingExpenses`	$5.98M	USD	Annual
OperatingExpenses	`OperatingExpenses`	$3.75M	USD	Annual
CostsAndExpenses	`CostsAndExpenses`	$2.72M	USD	Annual
CostsAndExpenses	`CostsAndExpenses`	$1.48M	USD	Annual
OTHER INCOME Rental income	`OtherIncome`	$221.21K	USD	Annual
NET LOSS APPLICABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.50M	USD	Annual
NET LOSS APPLICABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.48M	USD	Annual
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$-69.44K	USD	Annual
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$34.57K	USD	Annual
TOTAL COMPREHENSIVE LOSS	`ProfitLoss`	$-1.55M	USD	Annual
TOTAL COMPREHENSIVE LOSS	`ProfitLoss`	$-2.46M	USD	Annual
BASIC AND DILUTED LOSS PER COMMON SHARE (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.34	USD	Annual
BASIC AND DILUTED LOSS PER COMMON SHARE (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	Annual
WEIGHTED AVERAGE SHARES OUTSTANDING (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.44M	shares	Annual
WEIGHTED AVERAGE SHARES OUTSTANDING (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.45M	shares	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.48M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.50M	USD	Annual
Depreciation	`Depreciation`	$223.98K	USD	Annual
Depreciation	`Depreciation`	$129.77K	USD	Annual
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.26M	USD	Annual
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.37M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-191.62K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-147.52K	USD	Annual
Harmonized sales tax	`IncreaseDecreaseInHarmonizedSalesTax`	$319.23K	USD	Annual
Harmonized sales tax	`IncreaseDecreaseInHarmonizedSalesTax`	$-5.93K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-27.49K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-31.29K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-4.38K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-819.00	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$333.97K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$231.36K	USD	Annual
Withholding taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$769.64K	USD	Annual
Withholding taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$270.12K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$99.10K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$116.69K	USD	Annual
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.83M	USD	Annual
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-64.54K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquireOtherInvestments`	$-200.50K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquireOtherInvestments`	$-428.12K	USD	Annual
Proceeds from bank indebtedness	`ProceedsFromSecuredLinesOfCredit`	$28.27K	USD	Annual
Proceeds from bank indebtedness	`ProceedsFromSecuredLinesOfCredit`	$42.52K	USD	Annual
Repayment of convertible notes payable	`RepaymentsOfNotesPayable`	$-2.05M	USD	Annual
Repayment of convertible notes payable	`RepaymentsOfNotesPayable`	$678.26K	USD	Annual
Proceeds of loan payable	`ProceedsFromNotesPayable`	$47.05K	USD	Annual
Repayment of related party notes	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-74.59K	USD	Annual
Repayment of related party notes	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-139.82K	USD	Annual
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$137.13K	USD	Annual
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$85.00K	USD	Annual
Proceeds from additional paid-in capital	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	$85.00K	USD	Annual
Proceeds from additional paid-in capital	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	$925.86K	USD	Annual
NetCashProvidedByUsedInFinancingActivities	`NetCashProvidedByUsedInFinancingActivities`	$2.18M	USD	Annual
NetCashProvidedByUsedInFinancingActivities	`NetCashProvidedByUsedInFinancingActivities`	$334.48K	USD	Annual
Effect of exchange rate on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$34.57K	USD	Annual
Effect of exchange rate on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-69.44K	USD	Annual
DECREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-48.38K	USD	Annual
CASH, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$48.38K	USD	Point-in-time
CASH, end of year	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH, end of year	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH, end of year	`CashAndCashEquivalentsAtCarryingValue`	$48.38K	USD	Point-in-time
Cash paid for interest and fees	`InterestPaidNet`	$214.21K	USD	Annual
Cash paid for interest and fees	`InterestPaidNet`	$26.57K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance, December 31	`CommonStockholdersEquity`	$-3.44M	USD	Point-in-time
Balance, December 31	`CommonStockholdersEquity`	$-2.95M	USD	Point-in-time
Balance, December 31	`CommonStockholdersEquity`	$-653.66K	USD	Point-in-time
Common shares issued for convertible note	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$170.00K	USD	Annual
Common shares issued for convertible note (note 11)	`StockIssuedDuringPeriodValueOther`	$1.06M	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-69.44K	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$34.57K	USD	Annual
Net loss	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-1.48M	USD	Annual
Net loss	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-2.50M	USD	Annual
Balance, December 31	`CommonStockholdersEquity`	$-3.44M	USD	Point-in-time
Balance, December 31	`CommonStockholdersEquity`	$-2.95M	USD	Point-in-time
Balance, December 31	`CommonStockholdersEquity`	$-653.66K	USD	Point-in-time

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