10-Q Filing

GLOBAL MEDICAL REIT INC. CIK: 1533615 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001078782-15-000223`
Period End Date	20141130
Filing Date	20150213
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	scoo-20141130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 22 Cash Flow Statement 42

Balance Sheet 56 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`	$24.37M	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Building and improvements	`BuildingsAndImprovementsGross`	$21.87M	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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
Less: accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$-278.80K	USD	Point-in-time
Investment in real estate, net	`RealEstateInvestmentPropertyNet`	$24.09M	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	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
Cash	`Cash`	$162.99K	USD	Point-in-time
Cash	`Cash`	$332.58K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	250,000.00	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	250,000.00	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	250,000.00	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	250,000.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$2.79K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	-	USD	Point-in-time
Escrow deposits	`EscrowDeposit`	$14.94K	USD	Point-in-time
Escrow deposits	`EscrowDeposit`	$14.94K	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`	$301.62K	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	$309.54K	USD	Point-in-time
Total assets	`Assets`	$24.75M	USD	Point-in-time
Total assets	`Assets`	$22.24M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$176.15K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$306.46K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$21.30K	USD	Point-in-time
Due to related party, net	`DueToRelatedPartiesCurrent`	$300.77K	USD	Point-in-time
Due to related party, net	`DueToRelatedPartiesCurrent`	$213.00K	USD	Point-in-time
Convertible debenture, due to shareholder	`ConvertibleDebtCurrent`	$4.54M	USD	Point-in-time
Convertible debenture, due to shareholder	`ConvertibleDebtCurrent`	$5.45M	USD	Point-in-time
Notes payable to shareholder	`NotePayableToShareholder`	$38.20K	USD	Point-in-time
Notes payable to shareholder	`NotePayableToShareholder`	$38.20K	USD	Point-in-time
Notes payable related to acquisitions	`NotesPayableRelatedToAcquisitions`	$16.76M	USD	Point-in-time
Notes payable related to acquisitions	`NotesPayableRelatedToAcquisitions`	$15.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$22.87M	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, 500,000,000 and 100,000,000 shares authorized at November 30, 2014 and August 31, 2014, respectively, and 250,000 shares issued and outstanding at November 30, 2014 and August 31, 2014, respectively	`CommonStockValue`	$250.00	USD	Point-in-time
Common stock $0.001 par value, 500,000,000 and 100,000,000 shares authorized at November 30, 2014 and August 31, 2014, respectively, and 250,000 shares issued and outstanding at November 30, 2014 and August 31, 2014, respectively	`CommonStockValue`	$250.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.01M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-790.73K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.87M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.22M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$24.75M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$22.24M	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Rental revenue	`RealEstateRevenueNet`	-	USD	1 Quarter
Rental revenue	`RealEstateRevenueNet`	$445.17K	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	$70.00	USD	1 Quarter
Total revenue	`Revenues`	$445.24K	USD	1 Quarter
Total revenue	`Revenues`	-	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$90.00K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	-	USD	1 Quarter
General and administrative	`DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense`	$7.67K	USD	1 Quarter
General and administrative	`DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense`	$153.56K	USD	1 Quarter
Depreciation expense	`Depreciation`	-	USD	1 Quarter
Depreciation expense	`Depreciation`	$149.72K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$335.30K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$728.58K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$7.67K	USD	1 Quarter
Net loss	`ProfitLoss`	$-7.67K	USD	1 Quarter
Net loss	`ProfitLoss`	$-283.34K	USD	1 Quarter
Net loss per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.38	USD	1 Quarter
Net loss per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-1.13	USD	1 Quarter
Weighted average shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	250,000.00	shares	1 Quarter
Weighted average shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20,000.00	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-283.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.67K	USD	1 Quarter
Depreciation expense	`Depreciation`	-	USD	1 Quarter
Depreciation expense	`Depreciation`	$149.72K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$29.50K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.79K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$19.31K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$2.10K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$130.31K	USD	1 Quarter
Due to related party, net	`IncreaseDecreaseInDueToRelatedParties`	$5.51K	USD	1 Quarter
Due to related party, net	`IncreaseDecreaseInDueToRelatedParties`	$87.77K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-53.00	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$130.47K	USD	1 Quarter
Purchase of building and improvements	`PaymentsForCapitalImprovements`	$-2.51M	USD	1 Quarter
Purchase of building and improvements	`PaymentsForCapitalImprovements`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.51M	USD	1 Quarter
Proceeds from convertible debenture from shareholder	`ProceedsFromConvertibleDebt`	$910.00K	USD	1 Quarter
Proceeds from convertible debenture from shareholder	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Proceeds from notes payable related to acquisition	`ProceedsFromNotesPayableRelatedToAcquisition`	-	USD	1 Quarter
Proceeds from notes payable related to acquisition	`ProceedsFromNotesPayableRelatedToAcquisition`	$1.70M	USD	1 Quarter
Payment of deferred financing costs	`PaymentOfDeferredFinancingCosts`	$-21.58K	USD	1 Quarter
Payment of deferred financing costs	`PaymentOfDeferredFinancingCosts`	-	USD	1 Quarter
Dividends paid	`Dividends`	$-42.60K	USD	1 Quarter
Dividends paid	`Dividends`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.55M	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$169.59K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-53.00	USD	1 Quarter
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`	$332.58K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.47K	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`	$332.58K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.47K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	$206.54K	USD	1 Quarter

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