GRST · As filed with the SEC

Ethema Health cash flow statement, by quarter

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	Q4 2025^† 3 months ended Dec 31, 2025	Q3 2025^† 3 months ended Sep 30, 2025	Q2 2025^† 3 months ended Jun 30, 2025	Q1 2025 3 months ended Mar 31, 2025	Q4 2024^† 3 months ended Dec 31, 2024	Q3 2024^† 3 months ended Sep 30, 2024	Q2 2024^† 3 months ended Jun 30, 2024	Q1 2024 3 months ended Mar 31, 2024
Profit or Loss	(1,063,179)^†	66,136^†	—	—	(325,745)^†	(1,000,714)^†	—	—
Adjustment to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	206,597^†	206,196^†	203,265^†	196,221	120,939^†	122,721^†	112,086^†	111,206
Amortization of debt discount	168,038^†	158,064^†	160,088^†	129,882	136,513^†	141,205^†	75,239^†	63,162
Other Operating Expense	357,748^†	0^†	0^†	103,012	—	—	—	—
Net Cash from Operating Activities	295,725^†	269,940^†	245,707^†	205,790	68,191^†	63,679^†	7,833^†	7,684
Deferred taxation movement	(13,434)^†	(13,434)^†	(13,434)^†	(12,342)	—	—	—	—
Accounts receivable	568,001^†	(907,798)^†	(490,168)^†	(93,139)	120,466^†	(108,435)^†	84,058^†	87,048
Prepaid expenses and other current assets	—	—	—	—	—	(2,325)^†	—	—
Prepaid expenses	7,379^†	(24,409)^†	(14,924)^†	3,547	4,079^†	(2,325)^†	(12,651)^†	5,910
Other current assets	0^†	28,130^†	731^†	32,229	—	—	—	(127)
Accounts payable and accrued liabilities	348,630^†	424,047^†	(14,476)^†	327,134	287,576^†	200,693^†	(15,212)^†	(56,642)
Related party accruals	(445,463)^†	112,646^†	2,586^†	47,758	—	—	—	—
Net Cash from Operating Activities	(123,783)^†	(195,894)^†	(173,189)^†	(128,411)	(12,799)^†	(4,858)^†	49,844^†	49,993
Net cash used in operating activities	306,259^†	123,624^†	(389,343)^†	(73,416)	(77,750)^†	(108,034)^†	(163,951)^†	(105,969)
Investing activities
Deposits paid	—	—	—	—	—	—	—	(20,000)
Acquisition of ARIA Kentucky, net of cash of $299,492	0^†	0^†	0^†	49,492	—	—	—	—
Acquisition of assets	—	—	—	—	—	0^†	—	—
Acquisition of non-controlling interest	—	—	—	—	—	0^†	—	—
Purchase of property and equipment	(119,024)^†	(79,896)^†	(66,193)^†	(12,627)	25,263^†	(26,642)^†	(26,418)^†	(32,462)
Acquisition of property	—	—	—	—	0^†	0^†	—	—
Acquisition of minority stockholders interest	—	—	—	—	0^†	0^†	—	—
Investment in deposits	0^†	0^†	(718)^†	(24,713)	0^†	0^†	(63,393)^†	—
Net cash used in investing activities	(119,024)^†	(79,896)^†	(66,911)^†	12,152	25,263^†	(26,642)^†	(954,811)^†	(52,462)
Financing activities
Repayment of receivables funding	—	—	—	—	—	—	—	(146,067)
Proceeds from promissory notes	—	—	—	—	—	—	—	302,000
Repayment of government assistance loans	—	—	—	—	—	—	—	(3,748)
Repayment of finance leases	—	—	—	—	—	—	—	(2,069)
Repayment of assumed liability	0^†	0^†	(82,913)^†	(76,172)	—	—	—	—
Proceeds from bank loans	0^†	0^†	—	—	—	—	—	—
Repayment of bank loans	(78,753)^†	(8,935)^†	(8,688)^†	(25,000)	—	—	—	—
Proceeds from short term notes	0^†	70,000^†	—	—	0^†	180,000^†	1,430,000^†	—
Repayment of short term notes	—	—	—	—	48,643^†	(231,323)^†	—	—
Repayment of short-term notes	1^†	(83,500)^†	—	—	48,643^†	(231,323)^†	—	—
Repayment of promissory notes	(30,000)^†	(40,000)^†	(40,000)^†	(30,000)	(30,000)^†	(30,000)^†	—	—
Proceeds from funding arrangements	736,375^†	346,000^†	888,500^†	667,875	148,000^†	247,000^†	—	—
Repayment of funding arrangements	(843,797)^†	(643,328)^†	(590,412)^†	(486,509)	(208,064)^†	(145,955)^†	(86,666)^†	—
Proceeds from Debt Issuance	—	—	—	—	0^†	197,785^†	(35,683)^†	87,898
Repayment of advances – related party	—	—	—	—	0^†	—	—	—
Repayment of government assistance loans	—	—	—	—	(2,731)^†	(4,026)^†	(3,745)^†	—
Repayment of finance leases	—	—	(2,232)^†	(2,199)	30,885^†	(2,135)^†	(2,100)^†	—
Proceeds from related parties	—	—	52,429^†	(21,429)	—	—	(35,683)^†	—
Net cash provided by financing activities	(248,282)^†	(363,232)^†	666,807^†	26,566	260,313^†	160,445^†	1,016,806^†	238,014
Effect of exchange rate on cash	—	—	—	—	—	—	—	(10,659)
Effect of Exchange Rate on Cash	6,526^†	(8,190)^†	20,725^†	373	(23,917)^†	3,991^†	(4,439)^†	—
Net change in cash	(54,521)^†	(327,694)^†	231,278^†	(34,325)	183,909^†	29,760^†	(106,395)^†	68,924
Beginning cash balance	114,030	441,724	210,446	244,771	60,862	31,102	137,497	68,573
Ending cash balance	59,509	114,030	441,724	210,446	244,771	60,862	31,102	137,497
Supplemental cash flow information
Interest Expense	179,081^†	79,794^†	338,989^†	98,056	107,364^†	25,970^†	218,621^†	3,488
Non-cash investing and financing activities
Net Cash from Investing Activities	—	—	—	—	0^†	—	—	—
Present value of operating lease liability and operating lease right of use assets recognized in connection with lease commencement	0^†	0^†	0^†	1,149,642	—	—	—	—
Present value of operating lease liability and operating lease right of use assets recognized in connection with lease commencement – Related parties	0^†	1,243,831^†	0^†	7,622,084	—	—	—	—
Common shares cancelled	0^†	0^†	0^†	27,700	—	—	—	—
Bank loan proceeds applied directly to sellers’ debt in connection with acquisition	0^†	4,245,750^†	0^†	4,250	—	—	—	—
Related party loan proceeds applied directly to sellers’ debt in connection with acquisition	0^†	0^†	0^†	66,741	—	—	—	—
Promissory note issued to acquire minority stockholders interest	—	—	—	—	0^†	0^†	—	—
Net loss	—	—	—	(885,097)	(325,745)^†	(1,000,714)^†	(465,275)^†	—
Net loss	—	—	—	—	—	—	—	(374,203)

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.