XML 41 R30.htm IDEA: XBRL DOCUMENT v3.21.1
Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

Total assets for the healthcare services and real estate services segments were $11,859,440 and $34,073,043,  respectively, as of December 31, 2020 and $4,654,845 and $35,223,318, respectively, as of December 31, 2019.

 

    Statements of Operations Items for the Year Ended  
    December 31, 2020     December 31, 2019  
    Real Estate
Services
    Healthcare Services     Consolidated     Real Estate Services     Healthcare Services     Consolidated  
Rental Revenue   $ 2,112,459     $ -     $ 2,112,459     $ 3,267,644     $ -     $ 3,267,644  
Healthcare Revenue     -       18,816,239       18,816,239       -       3,662,344       3,662,344  
Total Revenue     2,112,459       18,816,239       20,928,698       3,267,644       3,662,344       6,929,988  
Expenses                                                
General and Administrative     866,787       1,221,935       2,088,722       820,822       477,771       1,298,593  
Property Taxes, Insurance and Other Operating     580,265       12,804,057       13,384,322       203,854       2,556,373       2,760,227  
Provision for Bad Debt     -       292,529       292,529       152,224       3,609       155,833  
Acquisition Costs     207,899       -       207,899       24,073       38,809       62,882  
Depreciation and Amortization     1,343,109       237,191       1,580,300       1,197,402       154,408       1,351,810  
Total Expenses     2,998,060       14,555,712       17,553,772       2,398,375       3,230,970       5,629,345  
Income from Operations     (885,601 )     4,260,527       3,374,926       869,269       431,374       1,300,643  
Other (Income) Expense                                                
Gain on Warrant Liability     -       -       -       (2,785 )     -       (2,785 )
Gain on Extinguishment of Debt     (107,500 )     (1,619,849 )     (1,727,349 )     -       -       -  
Gain on Sale of Investments     -       -       -       (1,069 )     -       (1,069 )
Gain on Proceeds from Insurance Claim     -       -       -       (158,161 )     -       (158,161 )
Loss on Write-off of Note Receivable     -       -       -       250,000       -       250,000  
Interest Income     (465 )     -       (465 )     (56,012 )     -       (56,012 )
Interest Expense     1,905,571       234,795       2,140,366       1,959,853       176,848       2,136,701  
Total Other (Income) Expense     1,797,606       (1,385,054 )     412,552       1,991,826       176,848       2,168,674  
Net Income (Loss)     (2,683,207 )     5,645,581       2,962,374       (1,122,557 )     254,526       (868,031 )
Net (Income) Loss Attributable to Noncontrolling Interests     (6,554 )     -       (6,554 )     6,417       -       6,417  
Net Income (Loss) Attributable to Global Healthcare REIT, Inc.   $ (2,689,761 )   $ 5,645,581     $ 2,955,820     $ (1,116,140 )   $ 254,526     $ (861,614 )