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Segment information (Tables)
9 Months Ended
Sep. 30, 2022
Segment Information  
Schedule of segment information

 

                      
   Nine months ended September 30, 2022
   Rental
Operations
  In-Patient
services
  Total
          
Revenue  $292,303   $3,297,387   $3,586,290 
Operating expenses   (99,515)   (3,105,091)   (3,204,606)
                
Operating income   192,788    188,896    381,684 
                
Other (expense) income               
Other income         10,018    10,018 
Forgiveness of government assistance loan         104,368    104,368 
Interest expense   (156,297)   (210,880)   (367,177)
Amortization of debt discount         (551,738)   (551,738)
Derivative liability movement         175,593    175,593 
Foreign exchange movements   116,635    385,715    502,350 
Net income before taxes   153,126    101,972    255,098 
Taxes         (87,615)   (87,615)
Net Income  $153,126   $14,357   $167,483 

 

The operating assets and liabilities of the reportable segments as of September 30, 2022 is as follows:

 

                      
   September 30, 2022
   Rental
Operations
  In-Patient
services
  Total
          
Purchase of fixed assets  $     $285,103   $285,103 
Assets               
Current assets   7,972    952,223    960,195 
Non-current assets   2,469,499    3,299,226    5,768,725 
Liabilities               
Current liabilities   (4,974,475)   (9,047,232)   (14,021,707)
Non-current liabilities   (603,557)   (1,523,795)   (2,127,352)
Mandatory redeemable preferred shares         (400,000)   (400,000)
Intercompany balances   (1,263,485)   1,263,485       
Net liability position  $(4,364,046)  $(8,131,754)  $(9,820,139)

 

  
The segment operating results of the reportable segments for the nine months ended September 30, 2021 is disclosed as follows:

 

                      
   Nine months ended September 30, 2021
   Rental
Operations
  In-Patient
services
  Total
          
Revenue  $278,806   $774,577   $1,053,383 
Operating expenses   111,163    718,935    830,098 
                
Operating income   167,643    55,642    223,285 
                
Other (expense) income               
Penalty on convertible debt         (9,240)   (9,240)
Loss on advance         (120,000)   (120,000)
Warrant exercise         (758,340)   (758,340)
Fair value of warrants granted to convertible debt holders         (976,788)   (976,788)
Interest expense   (173,549)   (535,387)   (708,936)
Amortization of debt discount         (1,683,779)   (1,683,779)
Derivative liability movement         544,767    544,767 
Foreign exchange movements   (9,024)   13,242    4,218 
Net loss before taxes   (14,930)   (3,469,883)   (3,484,813)
Taxes         18,794    18,794 
Net loss  $(14,930)  $(3,451,089)  $(3,466,019)

 

The operating assets and liabilities of the reportable segments as of September 30, 2021 is as follows:

 

                      
   September 30, 2021
   Rental
Operations
  In-Patient
services
  Total
          
Purchase of fixed assets  $     $31,214   $31,214 
Assets               
Current assets   3,908    292,134    296,042 
Non-current assets   2,784,419    3,575,619    6,360,038 
Liabilities               
Current liabilities   (5,395,477)   (10,341,386)   (15,736,863)
Non-current liabilities   (675,140)   (1,847,356)   (2,522,496)
Mandatory redeemable preferred shares         (400,000)   (400,000)
Intercompany balances   1,254,879    (1,254,879)      
Net liability position  $(2,027,411)  $(9,975,868)  $(12,003,279)