Home > Boards > US OTC > Medical - Healthcare > Ethema Health Corp. (GRST)
Followed By 15
Posts 4118
Boards Moderated 1
Alias Born 06/11/2020

Wednesday, May 18, 2022 9:26:16 AM

Re: Wake Setter post# 42701

Post# of 43005
Not uncommon? For what purpose is this done? I do understand why most who visit this board would rather someone not point out balance sheet manipulation.

It looks to me like the statement of cash flows and the associated note in the Q3 filing that the CEO was paid for accumulated fees owed. They used the word 'reversed' and it showed up as a debit in the statement of cash flows. Q1 of 2022 the nearly same amount shows up as credit on the statement of cash flows with no explanation and the CEO is once again awed over $300K.

Looks to me like Q3 2021 was sandbagged a little and the appearance of $259K certainly would help Q1 2022 EBITDA. Would it not? Actual net earnings for the period was less than that.



For the quarterly period ended September 30, 2021
https://sec.report/Document/0001721868-21-000835/

Statement of cash flow entry;
...'Repayment of related party notes (269,238 )'...


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 quarterly period ended March 31, 2022
https://sec.report/Document/0001903596-22-000301/

Statement of cash flow entry;
...'Proceeds from related party notes 259,228'...

16. Related party transactions


Shawn E. Leon

As of March 31, 2022 and December 31, 2021 the Company had a payable to Shawn Leon of $341,379 and $106,100, respectively. Mr. Leon is a director and CEO of the Company. The balances payable are non-interest bearing and has no fixed repayment terms.

Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him for the three months ended March 31, 2022 and the year ended December 31, 2021.

Recent GRST News

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

FEATURED 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 Jun 29, 2022 8:34 AM

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

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

IGEN Networks Corporation wins award to provide Medallion GPS to New York State Counties IGEN Jun 24, 2022 6:00 AM

BOX Pure Air Supplies Highland Park Independent School District (TX) AIRBOX ™ Air Purification Units Improving Air Quality in Schools SING Jun 23, 2022 1:05 PM

Gaensel Energy Group, Inc. (GEGR) Presents Its Partners and Activities of Its CONSORZIO GREEN SOLUTION & GNL GEGR Jun 23, 2022 11:40 AM

Resgreen Group Announces Major Milestone with LilBuddy ™ Pilot Testing RGGI Jun 23, 2022 7:07 AM

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