Home > Boards > US OTC > Medical - Healthcare > Ethema Health Corp. (GRST)
Followed By 16
Posts 4132
Boards Moderated 1
Alias Born 06/11/2020

Tuesday, May 17, 2022 1:26:25 PM

Re: declaes post# 42695

Post# of 43059
Tell you what is funny, the $259K paid to Shawn Leon in Q3 appears to have been turned back around and landed on the Q1 balance sheet as 'Proceeds from related party notes $259,228'. Playing games with the numbers to continue to show a slight increase in earnings each quarter. That is why they boast about their EBITDA, this number is easily manipulated. Don't forget the two line items that helped Q4 numbers that were also nonrecurring. Stick a stinking fork in this in my opinion. LOL This stuff is just what we have been able to find so far.

Q3 filing for period ended September 30th

18. Related party transactions

Shawn E. Leon

"As of September 30, 2021 and December 31, 2020 the Company had a payable to Shawn Leon of $121,797 and $322,744, respectively. Mr. Leon is a director and CEO of the Company. The balances payable are non-interest bearing and has no fixed repayment terms."

"Management fees from prior periods due to Mr. Leon amounting to $259,175, related to Mr. Leon and reflected as a payable to Mr. Leon were reversed during the current period"


For the fiscal year ended: December 31, 2021

Forgiveness of government relief loan

Forgiveness of government relief loan was $156,782 and $0 for the years ended December 31, 2021 and 2020, respectively, an increase of $156,782 or 100.0%. The company had met all requirements for forgiveness of one of its Covid-19 government relief loans and the loan forgiveness was recorded during the fourth quarter.


Taxation credit was $280,903 and $0 for the years ended December 31, 2021 and 2020, respectively an increase of $280,903 or 100.0%. the tax credit arose due to the reversal of prior years’ accrual for $250,000 in penalty tax for non-disclosure of foreign entities in the US tax return, a deferred tax movement of $37,588 on the amortization of licenses which arose on the acquisition of ATHI and Evernia, and a small tax provision on profits realized on the ATHI and Evernia results.

For the fiscal year ended: December 31, 2020
11. Taxes Payable

The taxes payable consist of:

> A payroll tax liability of $143,410 (CDN$182,589) in Greenestone Muskoka which has not been settled as yet.
> A GST/HST tax payable of $73,503 (CDN$93,585).
> The Company has assets and operates businesses in Canada and is required to disclose these operations to the US taxation authorities, the requisite disclosure has not been made. Management has reserved the maximum penalty due to the IRS in terms of non-disclosure. This noncompliance with US disclosure requirements is currently being addressed. An amount of $250,000 has been accrued for any potential exposure the Company may have.
Recent GRST News

Maison Luxe Reports Best Ever Annual Revenues of Approximately $ 17.6 mil. for 2022 as Compared to Approximately $ 5.2 mil. for 2021, an Increase of Over 300% and Poised for Rapid Expansion in 2023 MASN Jun 30, 2022 9:58 AM

Global Fiber Technologies Secures Second Round of Inventory Financing GFTX Jun 30, 2022 9:41 AM

Sugarmade Announces Fully Executed LOI Toward Minority Stake Acquisition of Turnkey Cannabis Cultivation Property SGMD Jun 30, 2022 8:30 AM

HPIL(HPIL) Updates Shareholders HPIL Jun 30, 2022 8:30 AM

Emerging Markets Report: Cheaper. Simpler. More efficient. Ready to scale. SPYR Jun 29, 2022 11:41 AM

Oncology Pharma Conducting All The Preparations to Take Steps to Forward The Development Process of Nanoemulsion Drug Delivery System ONPH Jun 29, 2022 9:23 AM

Infobird Co., Ltd Provides Digital and Intelligent Customer Engagement Solution to Enhance Patient Vaccination Notification Services for a Top-10 Global Pharmaceutical Company's Subsidiary IFBD Jun 29, 2022 8:34 AM

Goldshore Resources Drills 78.35m at 1.17 g/t Au  and delineates higher grade lenses within Moss lake Deposit GSHRF Jun 29, 2022 8:33 AM

PSYC Provides Encouraging Update on its Investment in The Conscious Fund PSYC Jun 29, 2022 8:30 AM

Health Advance Inc. (OTC: HADV): Embrace their CBD Innovation Before Everyone Else Does! HADV Jun 29, 2022 8:00 AM

Resgreen Group Announces LilBuddy ™ Pilot Testing of Payload Capacity Exceeding Original Expectations RGGI Jun 29, 2022 6:00 AM

IGEN's CEO provides mid-year progress update for 2022 IGEN Jun 29, 2022 6:00 AM

Splash Beverage Group to Distribute TapouT through Save-A-Lot Grocery Stores in 32 States. SBEV Jun 28, 2022 8:23 AM

RYU Apparel Inc. (TSXV: RYU) (OTCQB: RYPPF) Announces Company Achievements and Roadmap For Shareholders with growth in Operations, Rollup Acquisition Strategy, and Disruptive Technology Opportunities RYPPF Jun 27, 2022 11:48 AM

Dalrada Energy Services Announces Partnership with Banyan Infrastructure to Improve ESG Banking Transparency DFCO Jun 27, 2022 9:35 AM

Day Range:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y