GRST · As filed with the SEC
Ethema Health cash flow statement, by fiscal year
The statement as Ethema Health presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS · USD
| USD | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | Year ended Dec 31, 2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Profit or Loss | (2,177,669) | — | — | 295,188 | (1,573,403) | — | — | — |
| Adjustment to reconcile net loss to net cash used in operating activities: | ||||||||
| Depreciation expense | — | — | — | — | — | 121,276 | 217,018 | 273,646 |
| Gain on debt extinguishment | — | — | — | — | — | (12,601,823) | — | — |
| Impairment expense | — | — | — | — | — | — | 242,514 | — |
| Penalty on convertible debt | — | — | — | — | — | — | 410,868 | — |
| Deposit forfeited | — | — | — | — | — | — | 1,665,078 | — |
| (Gain) Loss on disposal of property | — | — | — | — | — | (36,470) | 1,019,812 | — |
| Loss on convertible debt conversion | — | — | — | — | — | 585,350 | 60,481 | — |
| Bonus shares issued to investors | — | — | — | — | — | — | 143,500 | — |
| Depreciation and amortization | 812,279 | 466,952 | 498,919 | 540,119 | 325,350 | — | — | — |
| Fair value of warrants granted | — | — | — | — | 854,140 | — | — | — |
| Forgiveness of federal relief loan | — | — | — | (104,368) | — | — | — | — |
| Amortization of debt discount | 616,072 | 416,120 | 281,354 | 624,683 | 1,960,551 | 861,657 | 3,338,760 | 4,504,007 |
| Gain on disposal of property | — | — | (2,484,172) | — | — | — | — | — |
| Loss on debt extinguishment | — | — | 277,175 | — | — | — | — | — |
| Forgiveness of federal relief loan | — | — | — | — | (156,782) | — | — | — |
| Stock based compensation for services | — | — | — | — | — | 165,780 | 375,978 | 8,000 |
| Penalty on promissory notes | — | — | 34,688 | 60,075 | — | — | — | — |
| Derivative liability movements | — | — | — | — | (1,526,191) | 7,041,968 | 2,599,029 | 422,539 |
| Non-cash interest income | — | — | — | — | — | (23) | (17,193) | — |
| Non-cash interest converted to equity | — | — | — | — | 90,144 | — | — | — |
| Net Cash from Financing Activities | — | — | — | — | — | 95,868 | — | — |
| Other Operating Expense | 460,760 | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | 1,017,162 | 147,387 | 177,220 | 260,745 | 118,745 | — | — | — |
| Deferred taxation movement | — | — | (217,451) | (55,606) | (37,588) | — | — | — |
| Unrealized foreign exchange loss | — | — | — | — | — | 141,927 | — | — |
| Movement in bad debt reserve | — | — | — | — | — | (2,734) | (308,690) | (520,092) |
| Accounts receivable | — | — | — | — | — | 105,561 | 405,566 | 536,296 |
| Deferred taxation movement | (52,644) | — | — | — | — | — | — | — |
| Accounts receivable | (923,104) | 183,137 | 78,037 | (215,364) | 4,267 | — | — | — |
| Prepaid expenses | (28,407) | (4,987) | 26,562 | (14,996) | 10,461 | 1,521 | 121,252 | (52,095) |
| Escrow receivable | — | — | — | — | — | — | 395,159 | 541,489 |
| Other current assets | 61,090 | 3,030 | 5,513 | (3,113) | 114,704 | (11,938) | — | — |
| Accounts payable and accrued liabilities | 1,085,335 | 416,414 | 201,978 | 305,785 | 25,108 | — | — | — |
| Related party accruals | (282,473) | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | (621,277) | 82,180 | (179,184) | (241,083) | (101,637) | — | — | — |
| Taxes payable | — | — | (237,211) | 125,014 | (193,436) | 44,083 | — | 87,314 |
| Net cash used in operating activities | (32,876) | (455,704) | (530,157) | 1,577,079 | (85,567) | (101,970) | (2,895,538) | (1,463,544) |
| Investing activities | ||||||||
| Proceeds on disposal of property, net of closing costs of $182,344 | — | — | — | — | — | — | 4,756,360 | — |
| Acquisition of subsidiary, net of cash | — | — | — | — | 10,324 | — | — | — |
| Deposits refunded | — | — | — | — | — | 5,995 | 15,591 | — |
| Deposit on property | — | — | — | — | — | — | — | (1,111,993) |
| Other investments | — | — | — | — | — | (690,449) | — | — |
| Purchase of fixed assets | — | — | — | — | — | — | (95,254) | (320,117) |
| Acquisition of real property, net of $400,000 deposit paid | — | — | (5,209,276) | — | — | — | — | — |
| Proceeds on disposal of real property | — | — | 8,093,448 | — | (450,537) | — | — | — |
| Acquisition of ARIA Kentucky, net of cash of $299,492 | 49,492 | — | — | — | — | — | — | — |
| Purchase of property and equipment | (277,740) | (60,259) | (40,602) | — | (132,832) | — | (120,000) | — |
| Proceeds from deposits | — | — | — | 4,984 | — | — | — | — |
| Investment in deposits | — | — | (389,000) | (400,000) | — | — | — | — |
| Purchase of property and equipment | — | — | — | (315,822) | — | — | — | — |
| Acquisition of property | — | (240,000) | — | — | — | — | — | — |
| Acquisition of minority stockholders interest | — | (625,000) | — | — | — | — | — | — |
| Investment in deposits | (25,431) | (83,393) | — | — | — | — | — | — |
| Net cash used in investing activities | (253,679) | (1,008,652) | 2,454,570 | (712,259) | (573,045) | (684,454) | 4,556,697 | (1,432,110) |
| Financing activities | ||||||||
| Increase in bank overdraft | — | — | — | — | — | — | 11,079 | (28,824) |
| Decrease in bank overdraft | — | — | — | — | — | (11,079) | — | — |
| Repayment of mortgage | — | — | — | (117,073) | (117,515) | (105,952) | (3,067,073) | (123,142) |
| Repayment of mortgage | — | — | (58,320) | — | — | — | — | — |
| Proceeds from Debt Issuance | — | — | 150,000 | — | 1,232,700 | 1,129,050 | 2,906,144 | 4,035,000 |
| Repayment of convertible notes | — | — | (1,153,666) | — | (499,544) | (210,600) | (2,441,464) | (697,111) |
| Proceeds from promissory notes | — | — | 447,000 | 160,000 | 420,449 | — | 907,170 | — |
| Repayment of assumed liability | (159,085) | — | — | — | — | — | — | — |
| Proceeds from bank loans | 300,000 | — | — | — | — | — | — | — |
| Repayment of bank loans | (121,376) | — | — | — | — | — | — | — |
| Proceeds from short term notes | 310,000 | 1,912,000 | — | — | — | — | — | — |
| Repayment of short term notes | — | (752,680) | — | — | — | — | — | — |
| Repayment of short-term notes | (173,376) | — | — | — | — | — | — | — |
| Repayment of promissory notes | (140,000) | (70,000) | (568,325) | (289,044) | (464,338) | (150,583) | (63,231) | — |
| Proceeds from receivables funding | — | — | 580,646 | 682,500 | — | — | — | — |
| Repayment of receivables funding | — | — | (994,483) | (330,312) | — | — | — | — |
| Proceeds from government assistance loans | — | — | — | — | 173,322 | 186,600 | — | — |
| Repayment of government assistance loans | — | — | (14,579) | (2,970) | — | — | — | — |
| Preferred stock dividends paid | — | — | — | — | (24,000) | (37,818) | — | — |
| Proceeds from funding arrangements | 2,638,750 | 690,000 | — | — | — | — | — | — |
| Repayment of funding arrangements | (2,564,046) | (586,752) | — | — | — | — | — | — |
| Proceeds from Debt Issuance | — | 250,000 | — | — | — | 54,401 | (203,660) | 174,841 |
| Repayment of advances – related party | — | (11,538) | — | — | — | — | — | — |
| Repayment of government assistance loans | — | (14,250) | — | — | — | — | — | — |
| Proceeds from (repayment of) third party loans | — | — | (283,746) | (76,856) | (127,640) | — | — | — |
| Proceeds from finance leases | — | — | — | — | 43,449 | — | — | — |
| Repayment of finance leases | — | — | (7,943) | (7,437) | (3,168) | — | — | — |
| (Repayment) proceeds of related party notes | — | — | (174,012) | 284,906 | (43,520) | — | — | — |
| Repayment of finance leases | (9,008) | (8,478) | — | — | — | — | — | — |
| Proceeds from stock subscription liability | — | 198,600 | — | — | — | — | — | — |
| Proceeds from Series A preferred subscriptions | — | 1,650 | — | — | — | — | — | — |
| (Repayment) proceeds of related party notes | — | 67,026 | — | — | — | — | — | — |
| Net cash provided by financing activities | 81,859 | 1,675,578 | (2,077,428) | 303,714 | 590,195 | 854,019 | (1,951,035) | 3,360,764 |
| Effect of exchange rate on cash | — | — | — | — | — | 19,930 | 268,177 | (440,775) |
| Net Change in Cash | — | — | — | — | — | 87,525 | (21,699) | 24,335 |
| Effect of exchange rate on cash | — | — | 80,831 | (1,076,599) | 26,739 | — | — | — |
| Effect of Exchange Rate on Cash | 19,434 | (35,024) | — | — | — | — | — | — |
| Net change in cash | (185,262) | 176,198 | (72,184) | 91,935 | (41,678) | — | — | — |
| Accounts payable and accrued liabilities | — | — | — | — | — | 301,035 | 1,398,171 | 913,995 |
| Beginning cash balance | — | — | — | 48,822 | 90,500 | 2,975 | 24,674 | 339 |
| Ending cash balance | — | — | — | — | 48,822 | 90,500 | 2,975 | 24,674 |
| Interest Expense | — | — | — | — | — | 180,668 | 542,582 | 551,605 |
| Beginning cash balance | 244,771 | 68,573 | 140,757 | 48,822 | — | — | — | — |
| Ending cash balance | 59,509 | 244,771 | 68,573 | 140,757 | — | — | — | — |
| Supplemental cash flow information | ||||||||
| Conversion of debt to equity | — | — | — | — | — | 1,137,261 | 1,053,573 | — |
| Interest Expense | 695,920 | 355,443 | 425,117 | 234,240 | 281,153 | — | — | — |
| Non-cash investing and financing activities | ||||||||
| Fair value of warrant issued | — | — | — | — | 1,762,266 | — | — | — |
| Shares issued in consideration of acquisition of subsidiary | — | — | — | — | 410,000 | — | — | — |
| Conversion of convertible notes | — | — | — | 150,000 | 4,115,836 | — | — | — |
| Conversion of related party payable to common stock | — | — | — | — | — | 25,000 | — | — |
| Conversion of related party payable to Series A Preferred stock | — | — | — | — | — | 40,000 | — | — |
| Settlement of liabilities | — | — | — | — | — | 844,689 | — | — |
| Fair value of warrants issued | — | — | — | — | — | — | 1,320,497 | 2,328,785 |
| Income from Discontinued Operations | — | — | — | — | 153,333 | — | — | — |
| Fair value of warrant issued on debt extinguishment | — | — | 271,939 | — | — | — | — | — |
| Disposal of subsidiary to related party | — | — | 1,334,885 | — | — | — | — | — |
| Deemed extinguishment of debt by related party | — | — | 461,184 | — | — | — | — | — |
| Net Cash from Investing Activities | — | 475,000 | — | — | — | — | — | — |
| Present value of operating lease liability and operating lease right of use assets recognized in connection with lease commencement | 1,149,642 | — | — | — | — | — | — | — |
| Present value of operating lease liability and operating lease right of use assets recognized in connection with lease commencement – Related parties | 8,865,915 | — | — | — | — | — | — | — |
| Present value of operating lease liability and operating lease right of use assets recognized on lease modification – Related parties | (165,975) | — | — | — | — | — | — | — |
| Common shares cancelled | 27,700 | — | — | — | — | — | — | — |
| Bank loan proceeds applied directly to sellers’ debt in connection with acquisition | 4,250,000 | — | — | — | — | — | — | — |
| Related party loan proceeds applied directly to sellers’ debt in connection with acquisition | 66,741 | — | — | — | — | — | — | — |
| Exchange of Series N convertible notes for Series R promissory notes | — | 450,000 | — | — | — | — | — | — |
| Conversion of related party payables to common shares | — | 2,000,000 | — | — | — | — | — | — |
| Conversion of related party payable to Series A preferred stock | — | 6,000 | — | — | — | — | — | — |
| Present value of operating lease liability and operating lease right-of-use asset recognized in connection with lease commencement | — | 744,256 | — | — | — | — | — | — |
| Net (loss) income | — | (2,165,937) | — | — | — | 3,084,992 | (14,962,841) | (8,178,643) |
| Net income | — | — | 1,006,415 | — | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.