2022 Q3 Form 10-Q Financial Statement

#000190359622000529 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $1.425M $1.138M $889.2K
YoY Change 64.46% 1083.5% 967.22%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.033M $952.0K $976.2K
YoY Change 66.26% -38334.14% 1084.17%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $136.6K $134.2K $134.2K
YoY Change 8.46% 305.56% 352.02%
% of Gross Profit
Operating Expenses $1.170M $1.086M $1.110M
YoY Change 56.52% 3448.28% 890.35%
Operating Profit $255.0K $51.76K
YoY Change 114.34% -21.03%
Interest Expense $198.4K -$207.7K $540.6K
YoY Change -89.94% -91.64% -96.39%
% of Operating Profit 77.82% -401.3%
Other Income/Expense, Net -$1.045K $1.045K $1.154M
YoY Change -99.82% 97727.12%
Pretax Income $556.7K -$154.9K $1.631M
YoY Change -63.12% -94.1% -88.85%
Income Tax $44.65K $24.70K -$262.1K
% Of Pretax Income 8.02% -16.08%
Net Earnings $512.1K -$193.8K $1.901M
YoY Change -66.98% -92.62% -87.0%
Net Earnings / Revenue 35.94% -17.03% 213.79%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00 -$51.97 $562.20
COMMON SHARES
Basic Shares Outstanding 3.729B shares
Diluted Shares Outstanding 4.277B shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $561.1K $69.15K $48.82K
YoY Change 802.35% -94.34% -93.75%
Cash & Equivalents $561.1K $69.15K $48.82K
Short-Term Investments $0.00
Other Short-Term Assets $67.69K $18.82K $17.24K
YoY Change 61.87% -72.05% -88.6%
Inventory
Prepaid Expenses $44.16K $49.33K $29.73K
Receivables $287.3K $337.7K $176.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $960.2K $475.0K $271.8K
YoY Change 224.35% -63.26% -70.94%
LONG-TERM ASSETS
Property, Plant & Equipment $2.962M $3.095M $3.013M
YoY Change -36.37% 6.91% 4.53%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.730K $5.030K $5.120K
YoY Change -7.07% -3.82% 0.59%
Total Long-Term Assets $5.769M $6.058M $6.283M
YoY Change -9.3% 108.86% 117.59%
TOTAL ASSETS
Total Short-Term Assets $960.2K $475.0K $271.8K
Total Long-Term Assets $5.769M $6.058M $6.283M
Total Assets $6.729M $6.533M $6.554M
YoY Change 1.09% 55.8% 71.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $351.4K $380.9K $438.5K
YoY Change -60.05% -49.76% -47.17%
Accrued Expenses $275.4K $263.8K $241.1K
YoY Change 19.64%
Deferred Revenue
YoY Change
Short-Term Debt $317.6K $323.5K $122.2K
YoY Change -95.87% -95.86% -98.29%
Long-Term Debt Due $3.552M $3.907M $4.029M
YoY Change -15.19% 796.91% 1378.61%
Total Short-Term Liabilities $14.02M $14.02M $13.52M
YoY Change -10.9% -3.53% -2.51%
LONG-TERM LIABILITIES
Long-Term Debt $630.6K $658.6K $726.4K
YoY Change -6.6% -85.59% -84.15%
Other Long-Term Liabilities $1.280M $1.353M $1.493M
YoY Change -17.7%
Total Long-Term Liabilities $2.127M $2.247M $2.493M
YoY Change -4.63% -50.83% -45.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.02M $14.02M $13.52M
Total Long-Term Liabilities $2.127M $2.247M $2.493M
Total Liabilities $16.15M $16.27M $16.01M
YoY Change -15.41% -17.85% -16.39%
SHAREHOLDERS EQUITY
Retained Earnings -$44.06M -$44.52M -$44.10M
YoY Change
Common Stock $37.29M $37.29M $35.79M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$10.70M -$10.98M -$10.68M
YoY Change
Total Liabilities & Shareholders Equity $6.729M $6.533M $6.554M
YoY Change 1.09% 55.8% 71.47%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $512.1K -$193.8K $1.901M
YoY Change -66.98% -92.62% -87.0%
Depreciation, Depletion And Amortization $136.6K $134.2K $134.2K
YoY Change 8.46% 305.56% 352.02%
Cash From Operating Activities $772.2K $316.0K -$161.5K
YoY Change 68.13% -203.34% -148.42%
INVESTING ACTIVITIES
Capital Expenditures -$71.37K -$140.9K -$101.6K
YoY Change 128.68%
Acquisitions
YoY Change
Other Investing Activities -$50.00K $0.00 $0.00
YoY Change -186.49% -100.0% -100.0%
Cash From Investing Activities -$121.4K -$140.9K -$101.6K
YoY Change -556.45% -12.94% -85.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 265.9K 80.41K 218.0K
YoY Change -183.34% -80.49% -48.18%
NET CHANGE
Cash From Operating Activities 772.2K 316.0K -161.5K
Cash From Investing Activities -121.4K -140.9K -101.6K
Cash From Financing Activities 265.9K 80.41K 218.0K
Net Change In Cash 916.7K 255.6K -45.10K
YoY Change 449.74% -560.62% -170.78%
FREE CASH FLOW
Cash From Operating Activities $772.2K $316.0K -$161.5K
Capital Expenditures -$71.37K -$140.9K -$101.6K
Free Cash Flow $843.6K $456.9K -$59.86K
YoY Change 71.98%

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AmortizationOfDebtDiscountPremium
211202 usd
CY2021Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
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us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
464034 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1350542 usd
CY2022Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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CY2021Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
130437 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1723619 usd
CY2022Q2 grst Foreign Exchange Movements
ForeignExchangeMovements
-193368 usd
CY2021Q2 grst Foreign Exchange Movements
ForeignExchangeMovements
101247 usd
grst Foreign Exchange Movements
ForeignExchangeMovements
-97812 usd
grst Foreign Exchange Movements
ForeignExchangeMovements
180738 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-154914 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2626438 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-301636 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4994594 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24700 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42963 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-179614 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-2626438 usd
us-gaap Profit Loss
ProfitLoss
-344599 usd
us-gaap Profit Loss
ProfitLoss
-4994594 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
14176 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
23638 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-193790 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-2626438 usd
us-gaap Net Income Loss
NetIncomeLoss
-368237 usd
us-gaap Net Income Loss
NetIncomeLoss
-4994594 usd
CY2022Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
24728 usd
CY2021Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
19232 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
49341 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
50079 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-218518 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2645670 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-417578 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5044673 usd
CY2022Q2 us-gaap Deferred Policy Acquisition Cost Foreign Currency Translation Adjustment And Other
DeferredPolicyAcquisitionCostForeignCurrencyTranslationAdjustmentAndOther
72869 usd
CY2021Q2 us-gaap Deferred Policy Acquisition Cost Foreign Currency Translation Adjustment And Other
DeferredPolicyAcquisitionCostForeignCurrencyTranslationAdjustmentAndOther
-35311 usd
us-gaap Deferred Policy Acquisition Cost Foreign Currency Translation Adjustment And Other
DeferredPolicyAcquisitionCostForeignCurrencyTranslationAdjustmentAndOther
38352 usd
us-gaap Deferred Policy Acquisition Cost Foreign Currency Translation Adjustment And Other
DeferredPolicyAcquisitionCostForeignCurrencyTranslationAdjustmentAndOther
-64917 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-291387 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2610359 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-455930 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4979756 usd
CY2022Q2 grst Basic And Diluted
BasicAndDiluted
-0.00
CY2021Q2 grst Basic And Diluted
BasicAndDiluted
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grst Basic And Diluted
BasicAndDiluted
-0.00
grst Basic And Diluted
BasicAndDiluted
-0.00
CY2022Q2 grst Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
3729053805 shares
CY2021Q2 grst Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
2397374825 shares
grst Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
3680158777 shares
grst Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
2271234382 shares
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-9855381 usd
CY2022Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
150000 usd
CY2022Q1 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
34517 usd
CY2022Q1 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-164985 usd
CY2022Q1 grst Dividends Accrued
DividendsAccrued
-24613 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-15026099 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-9860462 usd
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
-72869 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-179614 usd
CY2022Q2 grst Dividends Accrued
DividendsAccrued
-24728 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-10137673 usd
CY2021Q1 grst Fair Value Of Warrants Issued
FairValueOfWarrantsIssued
1207214 usd
CY2021Q1 grst Warrants Exercised
WarrantsExercised
90000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
1271785 usd
CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
29606 usd
CY2021Q1 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-2368156 usd
CY2021Q1 grst Dividends Accrued
DividendsAccrued
-30847 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-14826497 usd
CY2021Q2 grst Fair Value Of Warrants Issued
FairValueOfWarrantsIssued
677700 usd
CY2021Q2 grst Warrants Exercised
WarrantsExercised
86823 usd
CY2021Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
1359622 usd
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
35311 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-2626438 usd
CY2021Q2 grst Dividends Accrued
DividendsAccrued
-19232 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-15312711 usd
us-gaap Profit Loss
ProfitLoss
-344599 usd
us-gaap Profit Loss
ProfitLoss
-4994594 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
266243 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
65233 usd
grst Noncash Interest Converted To Equity
NoncashInterestConvertedToEquity
344701 usd
grst Fair Value Of Warrants Granted To Convertible Debt Holders1
FairValueOfWarrantsGrantedToConvertibleDebtHolders1
976788 usd
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
464034 usd
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
1350542 usd
us-gaap Unrealized Loss On Foreign Currency Derivatives Before Tax
UnrealizedLossOnForeignCurrencyDerivativesBeforeTax
39468 usd
grst Derivative Liability Movements
DerivativeLiabilityMovements
130437 usd
grst Derivative Liability Movements
DerivativeLiabilityMovements
-1723619 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
128195 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
169211 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
21181 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-83840 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
104282 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1544 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-117703 usd
grst Deferred Taxation Movement
DeferredTaxationMovement
37588 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
104905 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
25501 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
246940 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-383358 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
213726 usd
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
498020 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-213726 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-498020 usd
grst Repayment Of Mortgage
RepaymentOfMortgage
59761 usd
grst Repayment Of Mortgage
RepaymentOfMortgage
58449 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
1262149 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
278467 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
709778 usd
us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
160000 usd
grst Proceeds From Government Assistance Loans
ProceedsFromGovernmentAssistanceLoans
173406 usd
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
78646 usd
grst Repayment Of Finance Leases
RepaymentOfFinanceLeases
3661 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
195500 usd
grst Repayment Of Receivables Funding
RepaymentOfReceivablesFunding
15000 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
207294 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
23974 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
127259 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
691302 usd
grst Effect Of Exchanges Rate On Cash
EffectOfExchangesRateOnCash
-140150 usd
grst Effect Of Exchanges Rate On Cash
EffectOfExchangesRateOnCash
133230 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
20323 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-56846 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48822 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
90500 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69145 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33654 usd
us-gaap Interest Paid Net
InterestPaidNet
86733 usd
us-gaap Interest Paid Net
InterestPaidNet
303336 usd
grst Conversion Of Convertible Notes
ConversionOfConvertibleNotes
150000 usd
grst Fair Value Of Warrant Issued
FairValueOfWarrantIssued
908126 usd
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_805_eus-gaap--NatureOfOperations_z89QsmVbQpR1" style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; background-color: white"> <tr style="vertical-align: top"> <td style="width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1.</b></span></td> <td style="width: 97%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82A_zszCpOlqKXf">Nature of business</span></b></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Since 2010, the Company has operated addiction treatment centers. Initially the Company operated an addiction treatment center in Ontario Canada under its Greenestone Muskoka clinic, which was sold on February 14, 2017. Simultaneously with this sale the Company purchased buildings and operated an addiction treatment center in Delray Beach Florida under its Addiction recovery Institute of America subsidiary with a license obtained in December 2016, initially though owned properties in Delray Beach and subsequently though leased properties in West Palm Beach, Florida. Since June 30, 2020, the Company has been actively involved in the management of a treatment center operated by Evernia in West Palm Beach Florida. On July 1, 2021, the Company closed on the acquisition of 75% of ATHI, which owns 100% of Evernia, once the probationary approval of a license was obtained from the Department of Children and Family Services of Florida. Evernia is the only active treatment center operated by the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">The Company also owns the real estate on which its Greenstone Muskoka clinic operated. The current tenant operates an addiction treatment center on these premises. The Company collects rent on this property, which is treated as a separate business segment.<b> </b></span></p>
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_847_eus-gaap--UseOfEstimates_zYqrWkywnR43" style="font: 10pt Times New Roman, Times, Serif; margin: 0 7.5pt 0 22.5pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; background-color: white"> <tr style="vertical-align: top"> <td style="width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>a)</b></span></td> <td style="width: 94%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_867_zzwINe10Frsd">Use of Estimates</span></b></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">The preparation of unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. These estimates and assumptions include valuing equity securities issued in share-based payment arrangements, determining the fair value of assets acquired, allocation of purchase price, impairment of long-lived assets, the collectability of receivables, leasing arrangements, convertible debentures, contingencies and the value of deferred taxes and related valuation allowances. Certain estimates, including evaluating the collectability of receivables and advances, could be affected by external conditions, including those unique to the Company’s industry and general economic conditions. It is possible that these external factors could have an effect on the Company’s estimates that could cause actual results to differ from the Company’s estimates. The Company re-evaluates all of its accounting estimates at least quarterly based on these conditions and record adjustments when necessary.</span></p>
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Less Noncontrolling Interest
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterest
460000 usd
CY2022Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
337665 usd
CY2021Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
176011 usd
grst Working Capital Deficiency
WorkingCapitalDeficiency
13500000 usd
CY2022Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
345738 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-44520889 usd
CY2022Q2 grst Business Acquisition Cash Consideration
BusinessAcquisitionCashConsideration
50000 usd
CY2022Q2 grst Shares Of Common Stock At Fair Market Value
SharesOfCommonStockAtFairMarketValue
410000 usd
CY2022Q2 grst Total Purchase Consideration
TotalPurchaseConsideration
460000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
60324 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
198133 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
130234 usd
CY2022Q2 grst Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Right Of Use Asset
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRightOfUseAsset
1772560 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
1789903 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
3951154 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
50040 usd
CY2022Q2 grst Intercompany Advance
IntercompanyAdvance
-1140985 usd
CY2022Q2 grst Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Operating Lease Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOperatingLeaseLiabilities
-1836151 usd
CY2022Q2 grst Imputed Deferred Taxation On Identifiable Intangible Acquired
ImputedDeferredTaxationOnIdentifiableIntangibleAcquired
-310645 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
3337821 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
613333 usd
CY2022Q2 us-gaap Business Combination Acquisition Of Less Than100 Percent Noncontrolling Interest Fair Value
BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue
153333 usd
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1973302 usd
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
94553 usd
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1268660 usd
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-5367301 usd
grst Calculated Stock Price Maximum
CalculatedStockPriceMaximum
0.0010
grst Expected Life Of Convertible Notes And Warrants Minimum
ExpectedLifeOfConvertibleNotesAndWarrantsMinimum
P3M
grst Expected Life Of Convertible Notes And Warrants Maximum
ExpectedLifeOfConvertibleNotesAndWarrantsMaximum
P36M
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
5595 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1279 usd
grst Finance Lease Cost
FinanceLeaseCost
6874 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
199539 usd
us-gaap Lease Cost
LeaseCost
206413 usd
grst Principal
Principal
4399332 usd
grst Accrued Interest
AccruedInterest
796315 usd
grst Unamortized Discount
UnamortizedDiscount
-183239 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3811938 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
716604 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3095334 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3012663 usd
us-gaap Depreciation
Depreciation
266243 usd
us-gaap Depreciation
Depreciation
65233 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1789903 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
357980 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1431923 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1610913 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
178990 usd
CY2022Q2 grst Rightofuse Assets Finance Leases Net Of Depreciation Included In Property And Equipment
RightofuseAssetsFinanceLeasesNetOfDepreciationIncludedInPropertyAndEquipment
43673 usd
CY2021Q4 grst Rightofuse Assets Finance Leases Net Of Depreciation Included In Property And Equipment
RightofuseAssetsFinanceLeasesNetOfDepreciationIncludedInPropertyAndEquipment
49268 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1525620 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1653816 usd
CY2021Q4 grst Hstgst Payable
HstgstPayable
123134 usd
grst Operating Cash Flows From Finance Leases
OperatingCashFlowsFromFinanceLeases
-3661 usd
grst Operating Cash Flows From Operating Leases
OperatingCashFlowsFromOperatingLeases
-199539 usd
grst Financing Cash Flows From Finance Leases
FinancingCashFlowsFromFinanceLeases
-203200 usd
grst Weighted Average Lease Term Finance Leases
WeightedAverageLeaseTermFinanceLeases
4 years and three months
grst Weighted Average Remaining Lease Term Operating Leases In Years
WeightedAverageRemainingLeaseTermOperatingLeasesInYears
4 years and 7 months
CY2022Q2 us-gaap Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
0.0661 pure
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0464 pure
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
4915 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
9829 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
9829 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
9829 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
7902 usd
CY2022Q2 grst Total Undiscounted Minimum Future Lease Payment
TotalUndiscountedMinimumFutureLeasePayment
42304 usd
CY2022Q2 grst Imputed Interest
ImputedInterest
5684 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
36620 usd
CY2022Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
7634 usd
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
28986 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
36620 usd
CY2022Q2 grst Income Tax Payable
IncomeTaxPayable
466018 usd
CY2021Q4 grst Income Tax Payable
IncomeTaxPayable
391682 usd
CY2022Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
752892 usd
CY2021Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
658836 usd
CY2022Q2 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
166698 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
348677 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
366110 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
384416 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
437407 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1703308 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
86497 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1616811 usd
CY2022Q2 grst Operating Leases Liability Current
OperatingLeasesLiabilityCurrent
263814 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1352997 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1616811 usd
CY2022Q2 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
141696 usd
CY2021Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
144020 usd
CY2022Q2 grst Hstgst Payable
HstgstPayable
145178 usd
CY2022Q2 grst Total
Total
5012407 usd
CY2021Q4 grst Total
Total
4891938 usd
CY2022Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
345738 usd
grst Calculated Stock Price Minimum
CalculatedStockPriceMinimum
0.0006
CY2021Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
515901 usd
CY2020Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
4765387 usd
grst Marktomarket Adjustments On Converted Notes
MarktomarketAdjustmentsOnConvertedNotes
-39726 usd
CY2021 grst Marktomarket Adjustments On Converted Notes
MarktomarketAdjustmentsOnConvertedNotes
-2914119 usd
CY2021 grst Derivative Liability Arising From Convertible Notes
DerivativeLiabilityArisingFromConvertibleNotes
190824 usd
grst Fair Value Adjustment To Derivative Liability
FairValueAdjustmentToDerivativeLiability
-130437 usd
CY2021 grst Fair Value Adjustment To Derivative Liability
FairValueAdjustmentToDerivativeLiability
-1526191 usd
CY2022Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
345738 usd
CY2021Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
515901 usd
CY2022Q2 grst Warrants Outstanding
WarrantsOutstanding
605727506 shares
CY2022Q2 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P3Y2M26D
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.0018692
CY2022Q2 grst Warrants Exercisable
WarrantsExercisable
605727506 shares
CY2022Q2 grst Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Exercisable
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRightsExercisable
0.0018692
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
929744111 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2063677294 shares

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