10-K Filing

ETHEMA HEALTH CORP CIK: 792935 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0000721748-17-000259`
Period End Date	20161231
Filing Date	20170417
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	grst-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 45 Cash Flow Statement 74 Stockholders Equity 16

Balance Sheet 79 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 Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.78K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$174.00	USD	Point-in-time
Common Stock Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.71K	USD	Point-in-time
Common Stock Shares Issued	`CommonStockSharesIssued`	48.74M	shares	Point-in-time
Common Stock Shares Issued	`CommonStockSharesIssued`	47.74M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common Stock Shares Outstanding	`CommonStockSharesOutstanding`	47.74M	shares	Point-in-time
Discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet`	$183.22K	USD	Point-in-time
Discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet`	$219.34K	USD	Point-in-time
Common Stock Shares Outstanding	`CommonStockSharesOutstanding`	48.74M	shares	Point-in-time
Related party Receivables	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Related party Receivables	`DueFromRelatedPartiesCurrent`	$84.87K	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Series A Shares Authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Preferred Stock, Series A Shares Authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$275.57K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$219.52K	USD	Point-in-time
Preferred Stock, Series A Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Series A Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investment in Seastone	`InvestmentInSeastone`	-	USD	Point-in-time
Preferred Stock, Series A Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investment in Seastone	`InvestmentInSeastone`	$110.00K	USD	Point-in-time
Preferred Stock, Series A Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Series B Par Value	`PreferredStockSeriesBParValue`	$0.01	USD	Point-in-time
Cash - Restricted	`RestrictedCashAndCashEquivalents`	$72.25K	USD	Point-in-time
Cash - Restricted	`RestrictedCashAndCashEquivalents`	$74.48K	USD	Point-in-time
Preferred Stock, Series B Par Value	`PreferredStockSeriesBParValue`	$0.01	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$72.25K	USD	Point-in-time
Preferred Stock, Series B Shares Authorized	`PreferredStockSeriesBSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, Series B Shares Authorized	`PreferredStockSeriesBSharesAuthorized`	10.00M	shares	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$184.48K	USD	Point-in-time
Total assets	`Assets`	$291.77K	USD	Point-in-time
Total assets	`Assets`	$460.06K	USD	Point-in-time
Preferred Stock, Series B Shares Issued	`PreferredStockSeriesBSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Series B Shares Issued	`PreferredStockSeriesBSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Series B Shares Outstanding	`PreferredStockSeriesBSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Series B Shares Outstanding	`PreferredStockSeriesBSharesOutstanding`	0.00	shares	Point-in-time
Bank overdraft	`BankOverdrafts`	$56.12K	USD	Point-in-time
Bank overdraft	`BankOverdrafts`	$15.80K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$606.27K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$374.32K	USD	Point-in-time
Taxes payable	`AccruedIncomeTaxesCurrent`	$2.49M	USD	Point-in-time
Taxes payable	`AccruedIncomeTaxesCurrent`	$2.80M	USD	Point-in-time
Current portion of loan payable	`NotesAndLoansPayableCurrent`	-	USD	Point-in-time
Current portion of loan payable	`NotesAndLoansPayableCurrent`	$6.68K	USD	Point-in-time
Short Term loan	`ShortTermBorrowings`	$21.68K	USD	Point-in-time
Short Term loan	`ShortTermBorrowings`	-	USD	Point-in-time
Short-term convertible loan	`ShorttermConvertibleLoan`	$250.26K	USD	Point-in-time
Short-term convertible loan	`ShorttermConvertibleLoan`	-	USD	Point-in-time
Related party payables	`NotesPayableRelatedPartiesClassifiedCurrent`	$157.60K	USD	Point-in-time
Related party payables	`NotesPayableRelatedPartiesClassifiedCurrent`	$274.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.42M	USD	Point-in-time
Loan payable	`LongTermLoansPayable`	$8.79K	USD	Point-in-time
Loan payable	`LongTermLoansPayable`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$3.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.64M	USD	Point-in-time
Preferred stock - Series A; $0.01 par value, 3,000,000 authorized, nil outstanding as of December 31, 2016 and 2015.	`PreferredStockValueA`	-	USD	Point-in-time
Preferred stock - Series A; $0.01 par value, 3,000,000 authorized, nil outstanding as of December 31, 2016 and 2015.	`PreferredStockValueA`	-	USD	Point-in-time
Preferred Stock - Series B; $0.01 par value, 10,000,000 authorized, nil outstanding as of December 31, 2016 and 2015.	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock - Series B; $0.01 par value, 10,000,000 authorized, nil outstanding as of December 31, 2016 and 2015.	`PreferredStockValue`	-	USD	Point-in-time
Common stock; $0.01 par value, 500,000,000 shares authorized; 48,738,855 and 47,738,855shares issued and outstanding as of December 31, 2016 and 2015, respectively	`CommonStockValue`	$477.39K	USD	Point-in-time
Common stock; $0.01 par value, 500,000,000 shares authorized; 48,738,855 and 47,738,855shares issued and outstanding as of December 31, 2016 and 2015, respectively	`CommonStockValue`	$487.39K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.18M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.51M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossBeforeTax1`	$807.56K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossBeforeTax1`	$933.83K	USD	Point-in-time
Accumulated deficit	`CumulativeEarningsDeficit`	$-20.98M	USD	Point-in-time
Accumulated deficit	`CumulativeEarningsDeficit`	$-20.72M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-3.13M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.73M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-3.18M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$460.06K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$291.77K	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$55.58K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$144.54K	USD	Annual
Management fees	`SponsorFees`	$97.15K	USD	Annual
Management fees	`SponsorFees`	$257.28K	USD	Annual
Professional fees	`ProfessionalFees`	$249.40K	USD	Annual
Professional fees	`ProfessionalFees`	$297.49K	USD	Annual
Salaries and wages	`SalariesWagesAndOfficersCompensation`	-	USD	Annual
Salaries and wages	`SalariesWagesAndOfficersCompensation`	$139.67K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$790.88K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$450.22K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-790.88K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-450.22K	USD	Annual
Other income	`OtherIncome`	-	USD	Annual
Other income	`OtherIncome`	$72.51K	USD	Annual
Other expense	`OtherExpenses`	$427.30K	USD	Annual
Other expense	`OtherExpenses`	$156.39K	USD	Annual
Interest expense	`InterestExpense`	$19.58K	USD	Annual
Interest expense	`InterestExpense`	$29.50K	USD	Annual
Debt discount	`AmortizationOfFinancingCosts`	$-93.24K	USD	Annual
Debt discount	`AmortizationOfFinancingCosts`	-	USD	Annual
Foreign exchange movements	`EffectOfExchangeRateOnCash`	$97.86K	USD	Annual
Foreign exchange movements	`EffectOfExchangeRateOnCash`	$-811.00	USD	Annual
Net loss before taxation from continuing operations	`NetLossBeforeTaxationFromContinuingOperations`	$-996.70K	USD	Annual
Net loss before taxation from continuing operations	`NetLossBeforeTaxationFromContinuingOperations`	$-994.96K	USD	Annual
Taxation	`Taxation`	-	USD	Annual
Taxation	`Taxation`	-	USD	Annual
Net loss from continuing operations	`IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple`	$-996.70K	USD	Annual
Net loss from continuing operations	`IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple`	$-994.96K	USD	Annual
Net income (loss) from discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$735.99K	USD	Annual
Net income (loss) from discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$-160.22K	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.16M	USD	Annual
Net Loss	`NetIncomeLoss`	$-260.71K	USD	Annual
Foreign currency translation adjustment	`ForeignCurrencyTransactionGainLossUnrealized`	$688.64K	USD	Annual
Foreign currency translation adjustment	`ForeignCurrencyTransactionGainLossUnrealized`	$-126.26K	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-386.97K	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-466.54K	USD	Annual
Basic and diluted loss per common share- continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	Annual
Basic and diluted loss per common share- continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	Annual
Basic and diluted income per share from discontinued operations	`BasicAndDilutedIncomePerShareFromDiscontinuedOperations`	$0.02	USD	Annual
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual
Weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	47.18M	shares	Annual
Weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	48.31M	shares	Annual

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.16M	USD	Annual
Net loss	`NetIncomeLoss`	$-260.71K	USD	Annual
Net (income) loss from discontinued operations	`NetLossFromDiscontinuedOperations`	$-735.99K	USD	Annual
Net (income) loss from discontinued operations	`NetLossFromDiscontinuedOperations`	$160.22K	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-994.96K	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-996.70K	USD	Annual
Non cash discount movements	`NonCashDiscountMovements`	$93.24K	USD	Annual
Non cash discount movements	`NonCashDiscountMovements`	-	USD	Annual
Stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$50.00K	USD	Annual
Stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$56.91K	USD	Annual
Other foreign currency movements	`EffectOfExchangeRateOnCashAndCashEquivalents`	$60.82K	USD	Annual
Other foreign currency movements	`EffectOfExchangeRateOnCashAndCashEquivalents`	$494.00	USD	Annual
Amortization of beneficial conversion feature	`OtherAmortizationOfDeferredCharges`	-	USD	Annual
Amortization of beneficial conversion feature	`OtherAmortizationOfDeferredCharges`	$12.71K	USD	Annual
Provision against receivable on sale of subsidiary	`ProvisionAgainstReceivableOnSaleOfSubsidiary`	$446.48K	USD	Annual
Provision against receivable on sale of subsidiary	`ProvisionAgainstReceivableOnSaleOfSubsidiary`	-	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.71K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$-202.70K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$-232.10K	USD	Annual
Taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$308.32K	USD	Annual
Taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-315.79K	USD	Annual
Net cash used in operating activities - continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-936.53K	USD	Annual
Net cash used in operating activities - continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-779.46K	USD	Annual
Net cash provided by operating activities - discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-29.97K	USD	Annual
Net cash provided by operating activities - discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$775.31K	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-966.50K	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.14K	USD	Annual
Investments in Seastone	`PaymentsToAcquirePropertyPlantAndEquipment`	$110.00K	USD	Annual
Investments in Seastone	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Net cash used in investing activities - continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-110.00K	USD	Annual
Net cash used in investing activities - continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	Annual
Net cash used in investing activities - discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-3.20K	USD	Annual
Net cash used in investing activities - discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-25.79K	USD	Annual
Net cash used in Investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-113.20K	USD	Annual
Net cash used in Investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.79K	USD	Annual
Increase in bank overdraft	`IncreaseDecreaseInBankOverdraft`	$40.31K	USD	Annual
Increase in bank overdraft	`IncreaseDecreaseInBankOverdraft`	$15.80K	USD	Annual
Repayment of loan payable	`RepaymentsOfLongtermLoansFromVendors`	$-15.47K	USD	Annual
Repayment of loan payable	`RepaymentsOfLongtermLoansFromVendors`	$-10.61K	USD	Annual
Proceeds from short-term notes	`ProceedsFromIssuanceOfDebt`	$124.35K	USD	Annual
Proceeds from short-term notes	`ProceedsFromIssuanceOfDebt`	$21.68K	USD	Annual
Repayment of short-term notes	`ProceedsFromRepaymentsOfNotesPayable`	$-148.60K	USD	Annual
Repayment of short-term notes	`ProceedsFromRepaymentsOfNotesPayable`	-	USD	Annual
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$668.97K	USD	Annual
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	-	USD	Annual
Repayment of convertible notes	`RepaymentsOfConvertibleDebt`	$-220.00K	USD	Annual
Repayment of convertible notes	`RepaymentsOfConvertibleDebt`	$-34.35K	USD	Annual
Proceeds from related party notes	`ProceedsFromRelatedPartyDebt`	$-201.77K	USD	Annual
Proceeds from related party notes	`ProceedsFromRelatedPartyDebt`	$223.16K	USD	Annual
Proceeds from warrants issued	`ProceedsFromIssuanceOfWarrants`	-	USD	Annual
Proceeds from warrants issued	`ProceedsFromIssuanceOfWarrants`	$417.00	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$248.21K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$215.67K	USD	Annual
Effect of exchange rate on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-126.26K	USD	Annual
Effect of exchange rate on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$688.64K	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-87.98K	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.61K	USD	Annual
Beginning cash balance	`Cash`	$174.00	USD	Point-in-time
Beginning cash balance	`Cash`	$88.15K	USD	Point-in-time
Beginning cash balance	`Cash`	$4.78K	USD	Point-in-time
Ending cash balance	`Cash`	$174.00	USD	Point-in-time
Ending cash balance	`Cash`	$88.15K	USD	Point-in-time
Ending cash balance	`Cash`	$4.78K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$39.14K	USD	Annual
Cash paid for interest	`InterestPaid`	$10.70K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Common stock ussed on conversion of convertible notes	`StockIssuedDuringPeriodValueConversionOfUnits`	-	USD	Annual
Common stock ussed on conversion of convertible notes	`StockIssuedDuringPeriodValueConversionOfUnits`	$8.12K	USD	Annual
Common stock issued for conversion of Series B shares	`CommonStockIssuedForConversionOfSeriesBShares`	$1.06K	USD	Annual
Common stock issued for conversion of Series B shares	`CommonStockIssuedForConversionOfSeriesBShares`	-	USD	Annual
Debt discount in relations to warrants issued with convertible debt	`DebtDiscountInRelationsToWarrantsIssuedWithConvertibleDebt`	$291.95K	USD	Annual
Debt discount in relations to warrants issued with convertible debt	`DebtDiscountInRelationsToWarrantsIssuedWithConvertibleDebt`	-	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Value	`StockholdersEquity`	$-3.13M	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$-2.73M	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$-3.18M	USD	Point-in-time
Shares issued for debt conversion, Value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$8.12K	USD	Annual
Shares issued for services, Value	`StockIssuedDuringPeriodValueIssuedForServices`	$50.00K	USD	Annual
Shares issued for services, Value	`StockIssuedDuringPeriodValueIssuedForServices`	$56.91K	USD	Annual
Fair value of warrants issued	`FairValueOfWarrantsIssued`	$291.95K	USD	Annual
Proceeds received on warrants issued	`ProceedsReceivedOnWarrantsIssued`	$417.00	USD	Annual
Adjustments to previously issued shares for debt conversion, due to exchange adjustments, Value	`AdjustmentsToAdditionalPaidInCapitalOther`	$-456.00	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$688.64K	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$-126.26K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.16M	USD	Annual
Net loss	`NetIncomeLoss`	$-260.71K	USD	Annual
Ending Balance, Value	`StockholdersEquity`	$-3.13M	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$-2.73M	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$-3.18M	USD	Point-in-time

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