10-K/A Filing

GLOBAL MEDICAL REIT INC. CIK: 1533615 FY 2014

Filing Information

Form Type	10-K/A
Accession Number	`0001078782-14-002322`
Period End Date	20140831
Filing Date	20141219
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	scoo-20140831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 30 Cash Flow Statement 50 Stockholders Equity 11

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Building and improvements	`BuildingsAndImprovementsGross`	-	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Building and improvements	`BuildingsAndImprovementsGross`	$21.87M	USD	Point-in-time
Less: accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$-129.08K	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Less: accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	-	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Investment in real estate, net	`RealEstateInvestmentPropertyNet`	$21.74M	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Investment in real estate, net	`RealEstateInvestmentPropertyNet`	-	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	20,000.00	shares	Point-in-time
Cash	`Cash`	$3.52K	USD	Point-in-time
Cash	`Cash`	$162.99K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	250,000.00	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	20,000.00	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	250,000.00	shares	Point-in-time
Escrow deposits	`EscrowDeposit`	$14.94K	USD	Point-in-time
Escrow deposits	`EscrowDeposit`	-	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	-	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	$19.31K	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	$309.54K	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	-	USD	Point-in-time
Total assets	`Assets`	$22.24M	USD	Point-in-time
Total assets	`Assets`	$3.52K	USD	Point-in-time
Accrued interest and other	`InterestPayableCurrentAndNoncurrent`	$176.15K	USD	Point-in-time
Accrued interest and other	`InterestPayableCurrentAndNoncurrent`	$19.04K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$380.00	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$213.00K	USD	Point-in-time
Convertible debenture, due to related party	`ConvertibleDebtCurrent`	$4.54M	USD	Point-in-time
Convertible debenture, due to related party	`ConvertibleDebtCurrent`	-	USD	Point-in-time
Note payable to shareholder	`NotePayableToShareholder`	$38.20K	USD	Point-in-time
Note payable to shareholder	`NotePayableToShareholder`	-	USD	Point-in-time
Note payable	`LongTermNotesPayable`	-	USD	Point-in-time
Note payable	`LongTermNotesPayable`	$15.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$19.42K	USD	Point-in-time
Total liabilities	`Liabilities`	$20.02M	USD	Point-in-time
Preferred stock, $0.001 par value, 100,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 100,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock $0.001 par value, 100,000,000 shares authorized; 250,000 and 20,000 shares issued and outstanding at August 31, 2014 and 2013, respectively	`CommonStockValue`	$250.00	USD	Point-in-time
Common stock $0.001 par value, 100,000,000 shares authorized; 250,000 and 20,000 shares issued and outstanding at August 31, 2014 and 2013, respectively	`CommonStockValue`	$20.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$79.98K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-95.91K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-790.73K	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquity`	$-15.90K	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquity`	$2.22M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$22.24M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.52K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Rental revenue	`RealEstateRevenueNet`	$379.68K	USD	Annual
Rental revenue	`RealEstateRevenueNet`	-	USD	Annual
Other income	`OtherIncome`	$727.00	USD	Annual
Other income	`OtherIncome`	-	USD	Annual
Total revenue	`Revenues`	-	USD	Annual
Total revenue	`Revenues`	$380.40K	USD	Annual
Management fees	`ManagementFeeExpense`	-	USD	Annual
Management fees	`ManagementFeeExpense`	$150.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	-	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$454.87K	USD	Annual
Depreciation expense	`Depreciation`	-	USD	Annual
Depreciation expense	`Depreciation`	$129.08K	USD	Annual
Interest expense	`InterestExpense`	$298.66K	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Total expenses	`OperatingExpenses`	$1.03M	USD	Annual
Total expenses	`OperatingExpenses`	-	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-652.21K	USD	Annual
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	Annual
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-45.34K	USD	Annual
Net loss	`ProfitLoss`	$-652.21K	USD	Annual
Net loss	`ProfitLoss`	$-45.34K	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-13.49	USD	Annual
Discontinued operations	`IncomeLossFromOperationsBeforeExtraordinaryItemsPerBasicAndDilutedShare`	-	USD	Annual
Discontinued operations	`IncomeLossFromOperationsBeforeExtraordinaryItemsPerBasicAndDilutedShare`	$-2.32	USD	Annual
Net loss per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-13.49	USD	Annual
Net loss per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-2.32	USD	Annual
Weighted average shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19,572.00	shares	Annual
Weighted average shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	48,356.00	shares	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-652.21K	USD	Annual
Net loss	`ProfitLoss`	$-45.34K	USD	Annual
Depreciation expense	`Depreciation`	-	USD	Annual
Depreciation expense	`Depreciation`	$129.08K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$26.44K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	-	USD	Annual
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-19.31K	USD	Annual
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
Accrued interest and other	`IncreaseDecreaseInOtherAccruedLiabilities`	$157.11K	USD	Annual
Accrued interest and other	`IncreaseDecreaseInOtherAccruedLiabilities`	$11.54K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$212.62K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	-	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-146.26K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-33.79K	USD	Annual
Escrow deposits used for purchase of properties	`EscrowDepositsUsedForPurchaseOfProperties`	-	USD	Annual
Escrow deposits used for purchase of properties	`EscrowDepositsUsedForPurchaseOfProperties`	$14.94K	USD	Annual
Purchase of building and improvements	`PaymentsForCapitalImprovements`	$21.87M	USD	Annual
Purchase of building and improvements	`PaymentsForCapitalImprovements`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.88M	USD	Annual
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	Annual
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from convertible debenture due to related party	`ProceedsFromConvertibleDebt`	-	USD	Annual
Proceeds from convertible debenture due to related party	`ProceedsFromConvertibleDebt`	$7.47M	USD	Annual
Proceeds from note payable to shareholder	`ProceedsFromNotePayableToShareholder`	-	USD	Annual
Proceeds from note payable to shareholder	`ProceedsFromNotePayableToShareholder`	$345.05K	USD	Annual
Payment on note payable to shareholder	`RepaymentsOfNotesPayable`	-	USD	Annual
Payment on note payable to shareholder	`RepaymentsOfNotesPayable`	$-306.86K	USD	Annual
Proceeds from note payable	`ProceedsFromNotesPayable`	$15.06M	USD	Annual
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	Annual
Payment of deferred financing costs	`PaymentOfDeferredFinancingCosts`	-	USD	Annual
Payment of deferred financing costs	`PaymentOfDeferredFinancingCosts`	$-335.99K	USD	Annual
Dividends paid	`Dividends`	$-42.62K	USD	Annual
Dividends paid	`Dividends`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$22.19M	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-8.79K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$159.47K	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.52K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$162.99K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.31K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.52K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$162.99K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.31K	USD	Point-in-time
Interest paid	`InterestPaid`	$117.08K	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Conversion of debt to common shares	`DebtConversionConvertedInstrumentAmount1`	$2.93M	USD	Annual
Conversion of debt to common shares	`DebtConversionConvertedInstrumentAmount1`	-	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`SharesOutstanding`	4,433.00	shares	Point-in-time
Balance	`SharesOutstanding`	-15,905.00	shares	Point-in-time
Balance	`SharesOutstanding`	2.22M	shares	Point-in-time
Balance	`SharesOutstanding`	4,433.00	shares	Point-in-time
Balance	`SharesOutstanding`	-15,905.00	shares	Point-in-time
Balance	`SharesOutstanding`	2.22M	shares	Point-in-time
Net loss	`ProfitLoss`	$-652.21K	USD	Annual
Net loss	`ProfitLoss`	$-45.34K	USD	Annual
Common shares issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	Annual
Common shares issued upon conversion of debt	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	2.93M	shares	Annual
Dividends	`StockIssuedDuringPeriodValueStockDividend`	$-42.62K	USD	Annual

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