10-Q Filing

ETHEMA HEALTH CORP CIK: 792935 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000721748-13-000138`
Period End Date	20130331
Filing Date	20130515
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	grst-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 40 Cash Flow Statement 52 Stockholders Equity 10

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	-100.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts receivable	`AccountsNotesAndLoansReceivableNetCurrent`	$380.04K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	29.75M	shares	Point-in-time
Accounts receivable	`AccountsNotesAndLoansReceivableNetCurrent`	$376.64K	USD	Point-in-time
Accounts receivable	`AccountsNotesAndLoansReceivableNetCurrent`	$316.55K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	29.75M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	29.75M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$111.21K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	29.75M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$123.41K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	29.75M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$128.68K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	29.75M	shares	Point-in-time
Inventory	`InventoryGross`	$12.02K	USD	Point-in-time
Inventory	`InventoryGross`	$11.94K	USD	Point-in-time
Inventory	`InventoryGross`	$16.17K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$457.25K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$511.99K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$507.43K	USD	Point-in-time
FIXED ASSETS	`AssetsNoncurrent`	$662.78K	USD	Point-in-time
FIXED ASSETS	`AssetsNoncurrent`	$568.88K	USD	Point-in-time
FIXED ASSETS	`AssetsNoncurrent`	$617.57K	USD	Point-in-time
Total Assets	`Assets`	$1.08M	USD	Point-in-time
Total Assets	`Assets`	$1.12M	USD	Point-in-time
Total Assets	`Assets`	$1.12M	USD	Point-in-time
Bank indebtedness	`ShortTermBorrowings`	-	USD	Point-in-time
Bank indebtedness	`ShortTermBorrowings`	$70.80K	USD	Point-in-time
Bank indebtedness	`ShortTermBorrowings`	$144.49K	USD	Point-in-time
Bank indebtedness	`ShortTermBorrowings`	$95.55K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$863.86K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$524.17K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$846.20K	USD	Point-in-time
Harmonized sales tax payable	`SalesAndExciseTaxPayableCurrent`	$378.83K	USD	Point-in-time
Harmonized sales tax payable	`SalesAndExciseTaxPayableCurrent`	$74.53K	USD	Point-in-time
Harmonized sales tax payable	`SalesAndExciseTaxPayableCurrent`	$313.30K	USD	Point-in-time
Withholding taxes payable	`AccruedPayrollTaxesCurrent`	$1.04M	USD	Point-in-time
Withholding taxes payable	`AccruedPayrollTaxesCurrent`	$464.60K	USD	Point-in-time
Withholding taxes payable	`AccruedPayrollTaxesCurrent`	$1.17M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$140.47K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$215.79K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$164.67K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayable`	$1.41M	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayable`	$2.75M	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayable`	$1.82M	USD	Point-in-time
Current portion of loan payable	`LoansPayableCurrent`	$8.04K	USD	Point-in-time
Current portion of loan payable	`LoansPayableCurrent`	-	USD	Point-in-time
Current portion of loan payable	`LoansPayableCurrent`	$8.13K	USD	Point-in-time
Related party notes	`NotesPayableRelatedPartiesClassifiedCurrent`	$190.48K	USD	Point-in-time
Related party notes	`NotesPayableRelatedPartiesClassifiedCurrent`	$308.13K	USD	Point-in-time
Related party notes	`NotesPayableRelatedPartiesClassifiedCurrent`	$315.25K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.52M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.41M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.39M	USD	Point-in-time
LOAN PAYABLE	`LongTermDebtNoncurrent`	$38.92K	USD	Point-in-time
LOAN PAYABLE	`LongTermDebtNoncurrent`	-	USD	Point-in-time
LOAN PAYABLE	`LongTermDebtNoncurrent`	$36.04K	USD	Point-in-time
Total Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$4.56M	USD	Point-in-time
Total Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$4.39M	USD	Point-in-time
Total Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$4.44M	USD	Point-in-time
Common stock; $0.01 par value, 500,000,000 shares authorized; 29,746,668 shares issued and outstanding (note 11)	`CommonStockValue`	$135.22K	USD	Point-in-time
Common stock; $0.01 par value, 500,000,000 shares authorized; 29,746,668 shares issued and outstanding (note 11)	`CommonStockValue`	$297.47K	USD	Point-in-time
Common stock; $0.01 par value, 500,000,000 shares authorized; 29,746,668 shares issued and outstanding (note 11)	`CommonStockValue`	$272.34K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.64M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$49.06K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-47.73K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-33.06K	USD	Point-in-time
Accumulated deficit	`CumulativeEarningsDeficit`	$-9.09M	USD	Point-in-time
Accumulated deficit	`CumulativeEarningsDeficit`	$-10.68M	USD	Point-in-time
Accumulated deficit	`CumulativeEarningsDeficit`	$-10.30M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.95M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-3.36M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-3.27M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-3.44M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.12M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.12M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.08M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$1.26M	USD	1 Quarter
REVENUES	`Revenues`	$1.44M	USD	1 Quarter
COST OF SERVICES PROVIDED	`CostOfServicesLicensesAndMaintenanceAgreements`	$293.09K	USD	1 Quarter
COST OF SERVICES PROVIDED	`CostOfServicesLicensesAndMaintenanceAgreements`	$251.18K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.01M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.15M	USD	1 Quarter
Continuing education	`ContinuingEducationExpense`	-	USD	1 Quarter
Continuing education	`ContinuingEducationExpense`	$14.03K	USD	1 Quarter
Depreciation	`Depreciation`	$50.18K	USD	1 Quarter
Depreciation	`Depreciation`	$44.27K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$149.80K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$122.33K	USD	1 Quarter
Interest and fees	`InterestExpense`	$38.73K	USD	1 Quarter
Interest and fees	`InterestExpense`	$12.51K	USD	1 Quarter
Management fees	`ServiceManagementCosts`	$49.59K	USD	1 Quarter
Management fees	`ServiceManagementCosts`	$29.97K	USD	1 Quarter
Meals and entertainment	`TravelAndEntertainmentExpense`	$484.00	USD	1 Quarter
Meals and entertainment	`TravelAndEntertainmentExpense`	$1.10K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$100.77K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$19.61K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$165.05K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$250.17K	USD	1 Quarter
Salaries and wages	`SalariesAndWages`	$818.88K	USD	1 Quarter
Salaries and wages	`SalariesAndWages`	$781.52K	USD	1 Quarter
Supplies	`SuppliesAndPostageExpense`	$63.55K	USD	1 Quarter
Supplies	`SuppliesAndPostageExpense`	$71.60K	USD	1 Quarter
Travel	`TravelExpense`	$10.45K	USD	1 Quarter
Travel	`TravelExpense`	$8.80K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.53M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.28M	USD	1 Quarter
NET LOSS APPLICABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-376.13K	USD	1 Quarter
NET LOSS APPLICABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-269.84K	USD	1 Quarter
Foreign currency translation adjustment	`ForeignCurrencyTransactionGainLossRealized`	$96.79K	USD	1 Quarter
Foreign currency translation adjustment	`ForeignCurrencyTransactionGainLossRealized`	$-54.78K	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`OperatingIncomeLoss`	$-279.34K	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`OperatingIncomeLoss`	$-215.06K	USD	1 Quarter
BASIC AND DILUTED LOSS PER COMMON SHARE	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
BASIC AND DILUTED LOSS PER COMMON SHARE	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING	`WeightedAverageBasicSharesOutstandingProForma`	13.52M	shares	1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING	`WeightedAverageBasicSharesOutstandingProForma`	21.06M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-269.84K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-376.13K	USD	1 Quarter
Depreciation	`Depreciation`	$50.18K	USD	1 Quarter
Depreciation	`Depreciation`	$44.27K	USD	1 Quarter
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-331.86K	USD	1 Quarter
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-219.66K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-128.13K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.40K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-12.19K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-44.96K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$4.23K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-231.00	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$-17.66K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$-108.33K	USD	1 Quarter
Harmonized sales tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$80.46K	USD	1 Quarter
Harmonized sales tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$65.54K	USD	1 Quarter
Withholding taxes payable	`IncreaseDecreaseInOtherEmployeeRelatedLiabilities`	$134.38K	USD	1 Quarter
Withholding taxes payable	`IncreaseDecreaseInOtherEmployeeRelatedLiabilities`	$194.49K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-75.32K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$47.98K	USD	1 Quarter
Changes in Operating Assest and Liabilities	`IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet`	$-178.39K	USD	1 Quarter
Changes in Operating Assest and Liabilities	`IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet`	$-229.48K	USD	1 Quarter
Disposal (purchase) of fixed assets, net	`GainLossOnDispositionOfAssets`	$4.41K	USD	1 Quarter
Disposal (purchase) of fixed assets, net	`GainLossOnDispositionOfAssets`	$-71.91K	USD	1 Quarter
Proceeds from bank indebtedness	`ProceedsFromOtherShortTermDebt`	$-67.27K	USD	1 Quarter
Proceeds from bank indebtedness	`ProceedsFromOtherShortTermDebt`	$73.69K	USD	1 Quarter
Repayment of loan payable	`ProceedsFromRepaymentsOfDebt`	$-2.96K	USD	1 Quarter
Repayment of loan payable	`ProceedsFromRepaymentsOfDebt`	-	USD	1 Quarter
Proceeds from (repayment of) related party notes	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$117.64K	USD	1 Quarter
Proceeds from (repayment of) related party notes	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-15.05K	USD	1 Quarter
(Conversion of) proceeds from convertible notes payable	`ProceedsFromNotesPayable`	$-412.97K	USD	1 Quarter
(Conversion of) proceeds from convertible notes payable	`ProceedsFromNotesPayable`	$252.86K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$25.12K	USD	1 Quarter
Proceeds from additional paid-in capital	`ProceedsFromContributionsFromParent`	-	USD	1 Quarter
Proceeds from additional paid-in capital	`ProceedsFromContributionsFromParent`	$327.75K	USD	1 Quarter
Effect of exchange rate on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$19.00K	USD	1 Quarter
Effect of exchange rate on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-54.78K	USD	1 Quarter
DECREASE IN CASH	`CashPeriodIncreaseDecrease`	-	USD	1 Quarter
DECREASE IN CASH	`CashPeriodIncreaseDecrease`	-	USD	1 Quarter
BANK INDEBTEDNESS, beginning of period	`ShortTermBorrowings`	-	USD	Point-in-time
BANK INDEBTEDNESS, beginning of period	`ShortTermBorrowings`	$70.80K	USD	Point-in-time
BANK INDEBTEDNESS, beginning of period	`ShortTermBorrowings`	$144.49K	USD	Point-in-time
BANK INDEBTEDNESS, beginning of period	`ShortTermBorrowings`	$95.55K	USD	Point-in-time
BANK INDEBTEDNESS, end of period	`ShortTermBorrowings`	-	USD	Point-in-time
BANK INDEBTEDNESS, end of period	`ShortTermBorrowings`	$70.80K	USD	Point-in-time
BANK INDEBTEDNESS, end of period	`ShortTermBorrowings`	$144.49K	USD	Point-in-time
BANK INDEBTEDNESS, end of period	`ShortTermBorrowings`	$95.55K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$12.51K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$38.73K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Value	`StockholdersEquity`	$-2.95M	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$-3.36M	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$-3.27M	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$-3.44M	USD	Point-in-time
Net Loss	`NetIncomeLoss`	$-269.84K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-376.13K	USD	1 Quarter
Ending Balance, Value	`StockholdersEquity`	$-2.95M	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$-3.36M	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$-3.27M	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$-3.44M	USD	Point-in-time

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