Crypto has demonstrated blue sky potential already because nobody knows how to apply a valuation. No comparison here. We know what those 40 rooms rent for and the percentage that insurers are willing to pay. This is a very expensive business model with known fixed potential based on the number of rooms. The revenue will need to come from ARIA of which GRST owns 75%. How much will ARIA actually earn to pass to this ticker in net earning? Posters throw around revenue numbers as if they mean something regardless of who's revenue it actually is and what liabilities are in place. Won't even go into the 30% of GRST holding of ARIA that was promised away to note holders in the form of options. If it weren't for shareholders willing to lose money here this wouldn't be a business model as all. Any more growth means more debt and the conversions will keep beating this up for the foreseeable future.
"...As a public company we must use an accrual accounting system which starts with stating the Gross Revenue or Billing number and applying an estimated factor of expected collection of those Gross Revenues which would reduce the Gross Revenue to the Revenue number..."
In July the Company reported that it expects to produce $1.8 million in Revenue in the Second half of 2021. What does this mean?
The Revenue number is the net amount expected to be collected from the provision of services. ARIA has 10 beds for the detox level of care, 12 for the residential level of care and 20 beds available to partial hospitalization care. The beds are also further split into male and female beds. Even though we have 40 beds it is almost impossible to match each client with an available bed at the proper level of care and the gender of that bed availability. For example, when we agree to move a client form Residential care to Partial hospitalization care and plan that for Friday, we need to keep an open bed for a few days just to accommodate the move. For all these reasons, it is considered a “full house” when we reach 35 or 36 occupants in total for any given night.
In November and December the Company reported that the ARIA treatment center had Gross billing numbers of $602,000.00. What did that mean?
"The various Gross Billing amount for a single day of treatment in Detox is $4,500.00, Residential $3,950.00, PHP $3,200.00, IOP $2800.00 and OP$2,200.00. In-network contracts would pay anywhere from 5% to 15% of those rates. Out-of-Network claims could pay around 25% to 35% of amount claimed. In addition there are deductibles, co-pays, and co-insurance that affect the actual net on the claims."
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