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 |
|---|---|---|---|---|
| Profit or Loss | (2,177,669) | — | — | 295,188 |
| Adjustment to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation and amortization | 812,279 | 466,952 | 498,919 | 540,119 |
| Forgiveness of federal relief loan | — | — | — | (104,368) |
| Amortization of debt discount | 616,072 | 416,120 | 281,354 | 624,683 |
| Gain on disposal of property | — | — | (2,484,172) | — |
| Loss on debt extinguishment | — | — | 277,175 | — |
| Penalty on promissory notes | — | — | 34,688 | 60,075 |
| Other Operating Expense | 460,760 | — | — | — |
| Net Cash from Operating Activities | 1,017,162 | 147,387 | 177,220 | 260,745 |
| Deferred taxation movement | — | — | (217,451) | (55,606) |
| Deferred taxation movement | (52,644) | — | — | — |
| Accounts receivable | (923,104) | 183,137 | 78,037 | (215,364) |
| Prepaid expenses | (28,407) | (4,987) | 26,562 | (14,996) |
| Other current assets | 61,090 | 3,030 | 5,513 | (3,113) |
| Accounts payable and accrued liabilities | 1,085,335 | 416,414 | 201,978 | 305,785 |
| Related party accruals | (282,473) | — | — | — |
| Net Cash from Operating Activities | (621,277) | 82,180 | (179,184) | (241,083) |
| Taxes payable | — | — | (237,211) | 125,014 |
| Net cash used in operating activities | (32,876) | (455,704) | (530,157) | 1,577,079 |
| Investing activities | ||||
| Acquisition of real property, net of $400,000 deposit paid | — | — | (5,209,276) | — |
| Proceeds on disposal of real property | — | — | 8,093,448 | — |
| Acquisition of ARIA Kentucky, net of cash of $299,492 | 49,492 | — | — | — |
| Purchase of property and equipment | (277,740) | (60,259) | (40,602) | — |
| 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) |
| Financing activities | ||||
| Repayment of mortgage | — | — | — | (117,073) |
| Repayment of mortgage | — | — | (58,320) | — |
| Proceeds from Debt Issuance | — | — | 150,000 | — |
| Repayment of convertible notes | — | — | (1,153,666) | — |
| Proceeds from promissory notes | — | — | 447,000 | 160,000 |
| 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) |
| Proceeds from receivables funding | — | — | 580,646 | 682,500 |
| Repayment of receivables funding | — | — | (994,483) | (330,312) |
| Repayment of government assistance loans | — | — | (14,579) | (2,970) |
| Proceeds from funding arrangements | 2,638,750 | 690,000 | — | — |
| Repayment of funding arrangements | (2,564,046) | (586,752) | — | — |
| Proceeds from Debt Issuance | — | 250,000 | — | — |
| 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) |
| Repayment of finance leases | — | — | (7,943) | (7,437) |
| (Repayment) proceeds of related party notes | — | — | (174,012) | 284,906 |
| 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 |
| Effect of exchange rate on cash | — | — | 80,831 | (1,076,599) |
| Effect of Exchange Rate on Cash | 19,434 | (35,024) | — | — |
| Net change in cash | (185,262) | 176,198 | (72,184) | 91,935 |
| 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 | ||||
| Interest Expense | 695,920 | 355,443 | 425,117 | 234,240 |
| Non-cash investing and financing activities | ||||
| Conversion of convertible notes | — | — | — | 150,000 |
| 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) | — | — |
| 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.