Ethema Health Corp (GRST)

[NorfolkIP]

The operating loss was $163,344 and $4,199,735 for the years ended December 31, 2020 and 2019, respectively, a decrease of $4,036,391 or 96.1%. The decrease is attributable to the decrease in operating expenses discussed above.

Net income was $3,084,992 and net loss was $(14,962,841) for the years ended December 31, 2020 and 2019, respectively, an increase of $18,047,833 or 120.6%. The increase is primarily due to the reduction in operating expenses and the gain realized on debt extinguishments, offset by the increase in derivative liability movements, as discussed above.

Heading in the right direction.