10-Q Filing

ETHEMA HEALTH CORP CIK: 792935 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0000721748-14-000824`
Period End Date	20140630
Filing Date	20140814
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	grst-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 96 Cash Flow Statement 55

Balance Sheet 64 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
Cash	`Cash`	$27.56K	USD	Point-in-time
Common Stock Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash	`Cash`	-	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
Accounts receivable	`AccountsReceivableNet`	$396.34K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$440.92K	USD	Point-in-time
Common Stock Shares Issued	`CommonStockSharesIssued`	47.34M	shares	Point-in-time
Common Stock Shares Issued	`CommonStockSharesIssued`	41.07M	shares	Point-in-time
Common Stock Shares Outstanding	`CommonStockSharesOutstanding`	47.34M	shares	Point-in-time
Common Stock Shares Outstanding	`CommonStockSharesOutstanding`	41.07M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$109.85K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$103.76K	USD	Point-in-time
Inventory	`InventoryGross`	$31.90K	USD	Point-in-time
Inventory	`InventoryGross`	$12.55K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$559.56K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$563.32K	USD	Point-in-time
Cash - Restricted	`RestrictedCashAndCashEquivalents`	$94.02K	USD	Point-in-time
Cash - Restricted	`RestrictedCashAndCashEquivalents`	$93.48K	USD	Point-in-time
Fixed assets	`NoncurrentAssets`	$536.12K	USD	Point-in-time
Fixed assets	`NoncurrentAssets`	$524.89K	USD	Point-in-time
Total Assets	`Assets`	$1.18M	USD	Point-in-time
Total Assets	`Assets`	$1.19M	USD	Point-in-time
Bank overdraft	`BankOverdrafts`	$126.07K	USD	Point-in-time
Bank overdraft	`BankOverdrafts`	-	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$703.92K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$595.27K	USD	Point-in-time
Harmonized sales tax payable	`SalesAndExciseTaxPayableCurrent`	$624.22K	USD	Point-in-time
Harmonized sales tax payable	`SalesAndExciseTaxPayableCurrent`	$594.12K	USD	Point-in-time
Withholding taxes payable	`TaxesPayableCurrent`	$1.80M	USD	Point-in-time
Withholding taxes payable	`TaxesPayableCurrent`	$2.01M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$107.48K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$110.13K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$246.61K	USD	Point-in-time
Current portion of loan payable	`NotesAndLoansPayableCurrent`	$7.95K	USD	Point-in-time
Current portion of loan payable	`NotesAndLoansPayableCurrent`	$8.09K	USD	Point-in-time
Short term loan	`ShortTermBorrowings`	$93.69K	USD	Point-in-time
Short term loan	`ShortTermBorrowings`	$64.54K	USD	Point-in-time
Related party notes	`NotesPayableRelatedPartiesClassifiedCurrent`	$597.41K	USD	Point-in-time
Related party notes	`NotesPayableRelatedPartiesClassifiedCurrent`	$622.36K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.27M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.04M	USD	Point-in-time
Loan payable	`NotesAndLoansPayable`	$28.45K	USD	Point-in-time
Loan payable	`NotesAndLoansPayable`	$24.20K	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.06M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.30M	USD	Point-in-time
Common stock; $0.01 par value, 500,000,000 shares authorized; 47,343,055 and 41,065,564, shares issued and outstanding as of June 30, 2014 and December 31, 2013 respectively (note 12)	`CommonStockValue`	$473.43K	USD	Point-in-time
Common stock; $0.01 par value, 500,000,000 shares authorized; 47,343,055 and 41,065,564, shares issued and outstanding as of June 30, 2014 and December 31, 2013 respectively (note 12)	`CommonStockValue`	$410.66K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.16M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$264.13K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$271.51K	USD	Point-in-time
Accumulated deficit	`CumulativeEarningsDeficit`	$-12.37M	USD	Point-in-time
Accumulated deficit	`CumulativeEarningsDeficit`	$-11.93M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-3.10M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.88M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.18M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.19M	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$2.97M	USD	2 Qtrs
Revenues	`Revenues`	$1.53M	USD	1 Quarter
Revenues	`Revenues`	$1.64M	USD	1 Quarter
Revenues	`Revenues`	$2.78M	USD	2 Qtrs
Cost of services provided	`CostOfGoodsAndServicesSold`	$646.89K	USD	2 Qtrs
Cost of services provided	`CostOfGoodsAndServicesSold`	$358.42K	USD	1 Quarter
Cost of services provided	`CostOfGoodsAndServicesSold`	$340.22K	USD	1 Quarter
Cost of services provided	`CostOfGoodsAndServicesSold`	$633.54K	USD	2 Qtrs
Gross margin	`GrossProfit`	$1.28M	USD	1 Quarter
Gross margin	`GrossProfit`	$1.19M	USD	1 Quarter
Gross margin	`GrossProfit`	$2.34M	USD	2 Qtrs
Gross margin	`GrossProfit`	$2.13M	USD	2 Qtrs
Continuing education	`OtherGeneralExpense`	$345.00	USD	1 Quarter
Continuing education	`OtherGeneralExpense`	-	USD	1 Quarter
Continuing education	`OtherGeneralExpense`	$343.00	USD	2 Qtrs
Continuing education	`OtherGeneralExpense`	-	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	-	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$35.04K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$69.64K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	-	USD	1 Quarter
Bad debt expense	`DebtInstrumentIncreaseDecreaseOtherNet`	$11.18K	USD	2 Qtrs
Bad debt expense	`DebtInstrumentIncreaseDecreaseOtherNet`	$9.83K	USD	1 Quarter
Bad debt expense	`DebtInstrumentIncreaseDecreaseOtherNet`	$-89.48K	USD	2 Qtrs
Bad debt expense	`DebtInstrumentIncreaseDecreaseOtherNet`	$-45.21K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$295.23K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$325.04K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$151.14K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$161.76K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$98.42K	USD	2 Qtrs
Management fees	`ManagementFeeExpense`	$77.22K	USD	2 Qtrs
Management fees	`ManagementFeeExpense`	$22.93K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$48.85K	USD	1 Quarter
Meals and entertainment	`TravelAndEntertainmentExpense`	$1.26K	USD	2 Qtrs
Meals and entertainment	`TravelAndEntertainmentExpense`	$109.00	USD	1 Quarter
Meals and entertainment	`TravelAndEntertainmentExpense`	$174.00	USD	1 Quarter
Meals and entertainment	`TravelAndEntertainmentExpense`	$145.00	USD	2 Qtrs
Medical records	`MedicalRecords`	-	USD	2 Qtrs
Medical records	`MedicalRecords`	-	USD	2 Qtrs
Medical records	`MedicalRecords`	-	USD	1 Quarter
Medical records	`MedicalRecords`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$83.37K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$161.96K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$263.04K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$20.84K	USD	1 Quarter
Rent	`OperatingLeasesRentExpenseNet`	$161.80K	USD	1 Quarter
Rent	`OperatingLeasesRentExpenseNet`	$252.64K	USD	1 Quarter
Rent	`OperatingLeasesRentExpenseNet`	$502.73K	USD	2 Qtrs
Rent	`OperatingLeasesRentExpenseNet`	$421.70K	USD	2 Qtrs
Salaries and wages	`SalariesWagesAndOfficersCompensation`	$1.56M	USD	2 Qtrs
Salaries and wages	`SalariesWagesAndOfficersCompensation`	$1.39M	USD	2 Qtrs
Salaries and wages	`SalariesWagesAndOfficersCompensation`	$684.74K	USD	1 Quarter
Salaries and wages	`SalariesWagesAndOfficersCompensation`	$745.01K	USD	1 Quarter
Subcontract fees	`SubcontractFee`	-	USD	1 Quarter
Subcontract fees	`SubcontractFee`	-	USD	2 Qtrs
Subcontract fees	`SubcontractFee`	$-7.00	USD	1 Quarter
Subcontract fees	`SubcontractFee`	-	USD	2 Qtrs
Supplies	`SuppliesAndPostageExpense`	$86.60K	USD	1 Quarter
Supplies	`SuppliesAndPostageExpense`	$155.62K	USD	2 Qtrs
Supplies	`SuppliesAndPostageExpense`	$91.89K	USD	1 Quarter
Supplies	`SuppliesAndPostageExpense`	$163.90K	USD	2 Qtrs
Travel	`OtherExpenses`	$20.38K	USD	2 Qtrs
Travel	`OtherExpenses`	$11.88K	USD	2 Qtrs
Travel	`OtherExpenses`	$9.94K	USD	1 Quarter
Travel	`OtherExpenses`	$7.52K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$1.51M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$2.54M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$1.17M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$2.99M	USD	2 Qtrs
Operating income ( loss )	`OperatingIncomeLoss`	$-403.86K	USD	2 Qtrs
Operating income ( loss )	`OperatingIncomeLoss`	$-318.11K	USD	1 Quarter
Operating income ( loss )	`OperatingIncomeLoss`	$110.81K	USD	1 Quarter
Operating income ( loss )	`OperatingIncomeLoss`	$-649.46K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-28.25K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-8.35K	USD	1 Quarter
Interest expense	`InterestExpense`	$-32.17K	USD	1 Quarter
Interest expense	`InterestExpense`	$-53.23K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-702.68K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-432.10K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$102.46K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-350.27K	USD	1 Quarter
Foreign currency translation adjustment	`ForeignCurrencyTransactionGainLossUnrealized`	$181.91K	USD	2 Qtrs
Foreign currency translation adjustment	`ForeignCurrencyTransactionGainLossUnrealized`	$7.35K	USD	2 Qtrs
Foreign currency translation adjustment	`ForeignCurrencyTransactionGainLossUnrealized`	$108.84K	USD	1 Quarter
Foreign currency translation adjustment	`ForeignCurrencyTransactionGainLossUnrealized`	$-98.30K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$4.16K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-241.44K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-424.73K	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-520.78K	USD	2 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	47.30M	shares	1 Quarter
Weighted average outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.65M	shares	2 Qtrs
Weighted average outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	31.33M	shares	1 Quarter
Weighted average outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.45M	shares	2 Qtrs

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-702.68K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-432.10K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$102.46K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-350.27K	USD	1 Quarter
Depreciation	`Depreciation`	$89.48K	USD	2 Qtrs
Depreciation	`Depreciation`	$69.64K	USD	2 Qtrs
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-613.21K	USD	2 Qtrs
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-362.47K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-50.39K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$44.58K	USD	2 Qtrs
Harmonized sales tax	`IncreaseDecreaseInAccruedTaxesPayable`	$101.07K	USD	2 Qtrs
Harmonized sales tax	`IncreaseDecreaseInAccruedTaxesPayable`	$30.10K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$6.09K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$10.54K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-19.35K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$6.70K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$-108.64K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$143.32K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedLiabilities`	-	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedLiabilities`	$13.69K	USD	2 Qtrs
Withholding taxes payable	`IncreaseDecreaseInOtherEmployeeRelatedLiabilities`	$235.83K	USD	2 Qtrs
Withholding taxes payable	`IncreaseDecreaseInOtherEmployeeRelatedLiabilities`	$212.31K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-55.41K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$2.65K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-181.03K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-221.54K	USD	2 Qtrs
Purchase of fixed assets	`GainLossOnDispositionOfAssets`	$-58.40K	USD	2 Qtrs
Purchase of fixed assets	`GainLossOnDispositionOfAssets`	$1.05K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-58.40K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.05K	USD	2 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$540.00	USD	2 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-6.34K	USD	2 Qtrs
Repayment of loan payable	`ProceedsFromRepaymentsOfDebt`	$-4.12K	USD	2 Qtrs
Repayment of loan payable	`ProceedsFromRepaymentsOfDebt`	-	USD	2 Qtrs
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$80.00K	USD	2 Qtrs
Proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$382.50K	USD	2 Qtrs
Proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$23.94K	USD	2 Qtrs
Proceeds ( Repayment ) from related party notes	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$193.85K	USD	2 Qtrs
Proceeds ( Repayment ) from related party notes	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-73.23K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$385.69K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$211.44K	USD	2 Qtrs
Effect of exchange rate on cash	`EffectOfExchangeRateOnCash`	$181.91K	USD	2 Qtrs
Effect of exchange rate on cash	`EffectOfExchangeRateOnCash`	$7.37K	USD	2 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$172.86K	USD	2 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$153.63K	USD	2 Qtrs
Beginning cash balance (deficiency)	`BeginningCashBalanceDeficiency`	$-70.80K	USD	Point-in-time
Beginning cash balance (deficiency)	`BeginningCashBalanceDeficiency`	$-126.07K	USD	Point-in-time
Ending cash balance ( Including restricted )	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$102.06K	USD	Point-in-time
Ending cash balance ( Including restricted )	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$27.56K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$28.25K	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$85.25K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Common stock issued as a result of conversion of convertible notes payable	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	262,869.00	shares	2 Qtrs
Common stock issued as a result of conversion of convertible notes payable	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	961,636.00	shares	2 Qtrs

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