10-K Filing

ETHEMA HEALTH CORP CIK: 792935 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0000721748-14-000303`
Period End Date	20131231
Filing Date	20140328
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	grst-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 44 Cash Flow Statement 55 Stockholders Equity 13

Balance Sheet 66 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, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	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
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	27.23M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	41.07M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	27.23M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$440.92K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	41.07M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$380.04K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$111.21K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$109.85K	USD	Point-in-time
Inventory	`InventoryGross`	$12.55K	USD	Point-in-time
Inventory	`InventoryGross`	$16.17K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$563.32K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$507.43K	USD	Point-in-time
Cash - Restricted	`RestrictedCashAndCashEquivalents`	$94.02K	USD	Point-in-time
Cash - Restricted	`RestrictedCashAndCashEquivalents`	-	USD	Point-in-time
FIXED ASSETS	`AssetsNoncurrent`	$617.57K	USD	Point-in-time
FIXED ASSETS	`AssetsNoncurrent`	$536.12K	USD	Point-in-time
Total Assets	`Assets`	$1.19M	USD	Point-in-time
Total Assets	`Assets`	$1.12M	USD	Point-in-time
Bank indebtedness	`BankLoans`	$70.80K	USD	Point-in-time
Bank indebtedness	`BankLoans`	$126.07K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$863.86K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$703.92K	USD	Point-in-time
Harmonized sales tax payable	`SalesAndExciseTaxPayableCurrent`	$594.12K	USD	Point-in-time
Harmonized sales tax payable	`SalesAndExciseTaxPayableCurrent`	$313.30K	USD	Point-in-time
Withholding taxes payable	`TaxesPayableCurrent`	$1.04M	USD	Point-in-time
Withholding taxes payable	`TaxesPayableCurrent`	$1.80M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$107.48K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$215.79K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$1.82M	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$246.61K	USD	Point-in-time
Current portion of auto loan payable	`OtherLoansPayableCurrent`	$7.95K	USD	Point-in-time
Current portion of auto loan payable	`OtherLoansPayableCurrent`	$8.13K	USD	Point-in-time
Short-Term loan	`ShortTermBankLoansAndNotesPayable`	$64.54K	USD	Point-in-time
Short-Term loan	`ShortTermBankLoansAndNotesPayable`	-	USD	Point-in-time
Related party notes	`NotesPayableRelatedPartiesClassifiedCurrent`	$622.36K	USD	Point-in-time
Related party notes	`NotesPayableRelatedPartiesClassifiedCurrent`	$190.48K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.52M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.27M	USD	Point-in-time
LOAN PAYABLE	`LongTermLoansPayable`	$38.92K	USD	Point-in-time
LOAN PAYABLE	`LongTermLoansPayable`	$28.45K	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.30M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.56M	USD	Point-in-time
Common stock; $0.01 par value, 500,000,000 shares authorized; 41,065,564 shares issued and outstanding (note 12)	`CommonStockValue`	$272.34K	USD	Point-in-time
Common stock; $0.01 par value, 500,000,000 shares authorized; 41,065,564 shares issued and outstanding (note 12)	`CommonStockValue`	$410.66K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.16M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.64M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossBeforeTax1`	$264.13K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossBeforeTax1`	$-47.73K	USD	Point-in-time
Accumulated deficit	`CumulativeEarningsDeficit`	$-10.30M	USD	Point-in-time
Accumulated deficit	`CumulativeEarningsDeficit`	$-11.93M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.95M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-3.44M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-3.10M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.12M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.19M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$5.54M	USD	Annual
Revenues	`Revenues`	$5.96M	USD	Annual
Cost of services provided	`CostOfGoodsAndServicesSold`	$1.05M	USD	Annual
Cost of services provided	`CostOfGoodsAndServicesSold`	$1.26M	USD	Annual
Gross margin	`GrossProfit`	$4.71M	USD	Annual
Gross margin	`GrossProfit`	$4.49M	USD	Annual
Continuing education	`OtherCostAndExpenseOperating`	-	USD	Annual
Continuing education	`OtherCostAndExpenseOperating`	$25.74K	USD	Annual
Depreciation	`DepreciationAndAmortization`	$223.98K	USD	Annual
Depreciation	`DepreciationAndAmortization`	$183.26K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$601.86K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$546.56K	USD	Annual
Interest	`InterestExpense`	$214.21K	USD	Annual
Interest	`InterestExpense`	$397.30K	USD	Annual
Management fees	`ManagementFeeExpense`	$233.02K	USD	Annual
Management fees	`ManagementFeeExpense`	$179.92K	USD	Annual
Meals and entertainment	`TravelAndEntertainmentExpense`	$3.38K	USD	Annual
Meals and entertainment	`TravelAndEntertainmentExpense`	$1.83K	USD	Annual
Medical records	`OtherGeneralAndAdministrativeExpense`	$132.25K	USD	Annual
Medical records	`OtherGeneralAndAdministrativeExpense`	-	USD	Annual
Professional fees	`ProfessionalFees`	$128.58K	USD	Annual
Professional fees	`ProfessionalFees`	$403.00K	USD	Annual
Rent	`OperatingLeasesRentExpenseNet`	$847.56K	USD	Annual
Rent	`OperatingLeasesRentExpenseNet`	$1.02M	USD	Annual
Salaries and wages	`SalariesWagesAndOfficersCompensation`	$3.12M	USD	Annual
Salaries and wages	`SalariesWagesAndOfficersCompensation`	$3.41M	USD	Annual
Subcontract fees	`LaborAndRelatedExpense`	$42.89K	USD	Annual
Subcontract fees	`LaborAndRelatedExpense`	-	USD	Annual
Supplies	`SuppliesAndPostageExpense`	$339.03K	USD	Annual
Supplies	`SuppliesAndPostageExpense`	$181.59K	USD	Annual
Travel	`OtherExpenses`	$42.48K	USD	Annual
Travel	`OtherExpenses`	$37.93K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$6.34M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$5.98M	USD	Annual
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.48M	USD	Annual
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.63M	USD	Annual
Foreign currency translation adjustment	`ForeignCurrencyTransactionGainLossRealized`	$-69.44K	USD	Annual
Foreign currency translation adjustment	`ForeignCurrencyTransactionGainLossRealized`	$311.86K	USD	Annual
Total comprehensive loss	`OperatingIncomeLoss`	$-1.32M	USD	Annual
Total comprehensive loss	`OperatingIncomeLoss`	$-1.55M	USD	Annual
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	Annual
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	Annual
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	19.45M	shares	Annual
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	33.59M	shares	Annual

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.63M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.48M	USD	Annual
Depreciation	`Depreciation`	$183.26K	USD	Annual
Depreciation	`Depreciation`	$223.98K	USD	Annual
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.45M	USD	Annual
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.26M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-60.88K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-191.62K	USD	Annual
Harmonized sales tax	`IncreaseDecreaseInAccruedTaxesPayable`	$319.23K	USD	Annual
Harmonized sales tax	`IncreaseDecreaseInAccruedTaxesPayable`	$280.82K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-27.49K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.36K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$3.62K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-4.38K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$-159.94K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$231.36K	USD	Annual
Withholding taxes payable	`IncreaseDecreaseInOtherEmployeeRelatedLiabilities`	$769.64K	USD	Annual
Withholding taxes payable	`IncreaseDecreaseInOtherEmployeeRelatedLiabilities`	$756.90K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-108.32K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$99.10K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-734.22K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-64.54K	USD	Annual
Purchase of fixed assets	`GainLossOnDispositionOfAssets`	$-200.50K	USD	Annual
Purchase of fixed assets	`GainLossOnDispositionOfAssets`	$-101.82K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-200.50K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-101.82K	USD	Annual
Net increase in restricted cash	`IncreaseDecreaseInRestrictedCashAndInvestments`	$-94.02K	USD	Annual
Net increase in restricted cash	`IncreaseDecreaseInRestrictedCashAndInvestments`	-	USD	Annual
Proceeds from bank indebtedness	`ProceedsFromBankDebt`	$55.27K	USD	Annual
Proceeds from bank indebtedness	`ProceedsFromBankDebt`	$42.52K	USD	Annual
Proceeds of loan payable	`ProceedsFromRepaymentsOfDebt`	$47.05K	USD	Annual
Proceeds of loan payable	`ProceedsFromRepaymentsOfDebt`	$53.90K	USD	Annual
Proceeds from related party notes	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$68.40K	USD	Annual
Proceeds from related party notes	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$531.71K	USD	Annual
Repayment of related party notes	`RepaymentOfNotesReceivableFromRelatedParties`	$-99.83K	USD	Annual
Repayment of related party notes	`RepaymentOfNotesReceivableFromRelatedParties`	$-139.22K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$38.47K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$9.04K	USD	Annual
Net Proceeds from additional paid-in capital	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$346.26K	USD	Annual
Net Proceeds from additional paid-in capital	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$68.11K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$524.18K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$334.48K	USD	Annual
Effect of exchange rate on cash	`EffectOfExchangeRateOnCash`	$-69.44K	USD	Annual
Effect of exchange rate on cash	`EffectOfExchangeRateOnCash`	$311.86K	USD	Annual
Net change in cash	`CashPeriodIncreaseDecrease`	-	USD	Annual
Net change in cash	`CashPeriodIncreaseDecrease`	-	USD	Annual
Beginning cash balance (deficiency)	`Cash`	-	USD	Point-in-time
Beginning cash balance (deficiency)	`Cash`	-	USD	Point-in-time
Beginning cash balance (deficiency)	`Cash`	-	USD	Point-in-time
Ending cash balance ( Including restricted )	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Ending cash balance ( Including restricted )	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$214.21K	USD	Annual
Cash paid for interest	`InterestPaid`	$397.30K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Value	`StockholdersEquity`	$-2.95M	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$-3.44M	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$-3.10M	USD	Point-in-time
Common stock issued for convertible note, Shares	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	12.33M	shares	Annual
Common stock issued for convertible note, Value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.06M	USD	Annual
Common stock issued for convertible note, Value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.65M	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$-69.44K	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$311.86K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.63M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.48M	USD	Annual
Ending Balance, Value	`StockholdersEquity`	$-2.95M	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$-3.44M	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$-3.10M	USD	Point-in-time

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