$GMRE
Global Medical REIT Inc

2016 Q3 Form 10-Q Financial Statement

#000114420416118355 Filed on August 11, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2016 Q2 2015 Q2
Revenue $2.002M $1.771M $460.0K
YoY Change 311.0% 285.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.350M $460.0K $170.0K
YoY Change 400.0% 170.59% 1600.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $585.4K $544.0K $140.0K
YoY Change 282.28% 288.57%
% of Gross Profit
Operating Expenses $3.985M $2.265M $310.0K
YoY Change 304.61% 630.65% 3000.0%
Operating Profit
YoY Change
Interest Expense $1.051M $1.263M -$280.0K
YoY Change 188.84% -550.95%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.980M -$490.0K -$130.0K
YoY Change 296.0% 276.92% 1200.0%
Income Tax
% Of Pretax Income
Net Earnings -$1.983M -$494.0K -$130.0K
YoY Change 298.36% 280.0% 1200.0%
Net Earnings / Revenue -99.05% -27.89% -28.26%
Basic Earnings Per Share
Diluted Earnings Per Share -$114.0K -$342.7K -$520.0K
COMMON SHARES
Basic Shares Outstanding 17.61M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q3 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $81.30M $2.600M $300.0K
YoY Change 27000.0% 766.67%
Cash & Equivalents $81.35M $2.575M $178.5K
Short-Term Investments
Other Short-Term Assets $0.00
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $81.50M $2.600M $300.0K
YoY Change 27066.67% 766.67%
LONG-TERM ASSETS
Property, Plant & Equipment $122.3M $92.20M $23.80M
YoY Change 247.44% 287.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.000M $3.700M $200.0K
YoY Change 566.67% 1750.0%
Total Long-Term Assets $124.3M $95.80M $24.00M
YoY Change 249.13% 299.17%
TOTAL ASSETS
Total Short-Term Assets $81.50M $2.600M $300.0K
Total Long-Term Assets $124.3M $95.80M $24.00M
Total Assets $205.8M $98.40M $24.30M
YoY Change 473.24% 304.94% 211.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $400.0K $3.100M $100.0K
YoY Change 33.33% 3000.0%
Deferred Revenue
YoY Change
Short-Term Debt $400.0K $400.0K $400.0K
YoY Change 0.0% 0.0% -94.87%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.100M $6.300M $1.000M
YoY Change 369.23% 530.0% -87.18%
LONG-TERM LIABILITIES
Long-Term Debt $39.90M $79.90M $22.00M
YoY Change 17.7% 263.18%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $39.90M $79.90M $22.00M
YoY Change 17.7% 263.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.100M $6.300M $1.000M
Total Long-Term Liabilities $39.90M $79.90M $22.00M
Total Liabilities $46.08M $86.30M $23.10M
YoY Change 30.92% 273.59% 196.15%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $17.61K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $159.7M $12.13M $1.300M
YoY Change
Total Liabilities & Shareholders Equity $205.8M $98.39M $24.30M
YoY Change 473.24% 304.88% 211.54%

Cashflow Statement

Concept 2016 Q3 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income -$1.983M -$494.0K -$130.0K
YoY Change 298.36% 280.0% 1200.0%
Depreciation, Depletion And Amortization $585.4K $544.0K $140.0K
YoY Change 282.28% 288.57%
Cash From Operating Activities -$1.860M $920.0K $130.0K
YoY Change 2557.14% 607.69% -1400.0%
INVESTING ACTIVITIES
Capital Expenditures -$30.74M $0.00
YoY Change 164.77%
Acquisitions
YoY Change
Other Investing Activities $50.00K -$60.00K -$10.00K
YoY Change -183.33% 500.0%
Cash From Investing Activities -$30.70M -$70.00K -$10.00K
YoY Change 163.07% 600.0% -99.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 111.3M 1.230M -150.0K
YoY Change 851.45% -920.0% -101.93%
NET CHANGE
Cash From Operating Activities -1.860M 920.0K 130.0K
Cash From Investing Activities -30.70M -70.00K -10.00K
Cash From Financing Activities 111.3M 1.230M -150.0K
Net Change In Cash 78.76M 2.080M -30.00K
YoY Change -197000.0% -7033.33% 200.0%
FREE CASH FLOW
Cash From Operating Activities -$1.860M $920.0K $130.0K
Capital Expenditures -$30.74M $0.00
Free Cash Flow $28.88M $920.0K
YoY Change 150.26%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Earnings Per Share Basic And Diluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Increase Decrease In Restricted Cash For Operating Activities
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Proceeds From Other Deposits
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us-gaap Payments To Fund Longterm Loans To Related Parties
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us-gaap Payments To Fund Longterm Loans To Related Parties
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Increase Decrease In Restricted Cash
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us-gaap Increase Decrease In Restricted Cash
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us-gaap Payments For Deposits Applied To Debt Retirements
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us-gaap Proceeds From Related Party Debt
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us-gaap Proceeds From Related Party Debt
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us-gaap Proceeds From Notes Payable
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gmre Payments On Notes Payable From Acquisitions
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us-gaap Proceeds From Repayments Of Related Party Debt
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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us-gaap Lessee Leasing Arrangements Operating Leases Renewal Term
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dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2016-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Registrant Name
EntityRegistrantName
Global Medical REIT Inc.
dei Entity Central Index Key
EntityCentralIndexKey
0001533615
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Trading Symbol
TradingSymbol
GMRE
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us-gaap Amortization Of Debt Discount Premium
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us-gaap Payments Of Stock Issuance Costs
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CY2016Q2 gmre Beneficial Ownership Description
BeneficialOwnershipDescription
Our charter provides that, subject to certain exceptions, no person may beneficially or constructively own more than 9.8%, in value or in number of shares, whichever is more restrictive, of the outstanding shares of any class or series of our capital stock. On June 27, 2016, our board of directors approved a waiver of the 9.8% ownership limit in our charter allowing ZH USA, LLC to own up to 16.9% of our outstanding shares of common stock.
us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
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1655272 USD
CY2016Q2 us-gaap Proceeds From Debt Net Of Issuance Costs
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gmre Deferred Initial Public Offering Costs Incurred During Noncash Transaction
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1152543 USD
gmre Deferred Initial Public Offering Costs Incurred During Noncash Transaction
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0 USD
CY2016Q2 gmre Llc Owns Aggregate Of Company Outstanding Common Stock
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1425481 shares
CY2016Q2 gmre Llc Owns Aggregate Of Company Outstanding Common Stock In Percentage
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0.999 pure
CY2016Q2 us-gaap Payments Of Stock Issuance Costs
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1369565 USD
CY2015Q2 us-gaap Operating Leases Rent Expense Net
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14970 USD
us-gaap Operating Leases Rent Expense Net
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14970 USD
us-gaap Payments Of Stock Issuance Costs
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0 USD
CY2016Q2 us-gaap Payment For Management Fee
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150000 USD

Files In Submission

Name View Source Status
0001144204-16-118355-index-headers.html Edgar Link pending
0001144204-16-118355-index.html Edgar Link pending
0001144204-16-118355.txt Edgar Link pending
0001144204-16-118355-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
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