Schedule of segment information |
Schedule of segment information
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Nine months ended September 30, 2022 |
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Rental Operations | |
In-Patient services | |
Total |
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Revenue | |
$ | 292,303 | | |
$ | 3,297,387 | | |
$ | 3,586,290 | |
Operating expenses | |
| (99,515 | ) | |
| (3,105,091 | ) | |
| (3,204,606 | ) |
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Operating income | |
| 192,788 | | |
| 188,896 | | |
| 381,684 | |
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Other (expense) income | |
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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:
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September 30, 2022 |
| |
Rental Operations | |
In-Patient services | |
Total |
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Purchase of fixed assets | |
$ | — | | |
$ | 285,103 | | |
$ | 285,103 | |
Assets | |
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Current assets | |
| 7,972 | | |
| 952,223 | | |
| 960,195 | |
Non-current assets | |
| 2,469,499 | | |
| 3,299,226 | | |
| 5,768,725 | |
Liabilities | |
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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:
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Nine months ended September 30, 2021 |
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Rental Operations | |
In-Patient services | |
Total |
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Revenue | |
$ | 278,806 | | |
$ | 774,577 | | |
$ | 1,053,383 | |
Operating expenses | |
| 111,163 | | |
| 718,935 | | |
| 830,098 | |
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Operating income | |
| 167,643 | | |
| 55,642 | | |
| 223,285 | |
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Other (expense) income | |
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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:
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September 30, 2021 |
| |
Rental Operations | |
In-Patient services | |
Total |
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Purchase of fixed assets | |
$ | — | | |
$ | 31,214 | | |
$ | 31,214 | |
Assets | |
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Current assets | |
| 3,908 | | |
| 292,134 | | |
| 296,042 | |
Non-current assets | |
| 2,784,419 | | |
| 3,575,619 | | |
| 6,360,038 | |
Liabilities | |
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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 | ) |
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