XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenue, net    
Total Revenue $ 20,928,698 $ 6,929,988
Expenses    
General and Administrative 2,088,722 1,298,593
Property Taxes, Insurance and Other Operating 13,384,322 2,760,227
Provision for Bad Debt 292,529 155,833
Acquisition Costs 207,899 62,882
Depreciation and Amortization 1,580,300 1,351,810
Total Expenses 17,553,772 5,629,345
Income from Operations 3,374,926 1,300,643
Other (Income) Expense    
Gain on Warrant Liability (2,785)
Gain on Extinguishment of Debt (1,727,349)
Gain on Sale of Investments (1,069)
Interest Income (465) (56,012)
Gain on Proceeds from Insurance Claim (158,161)
Loss on Write-Off of Note Receivable 250,000
Interest Expense 2,140,366 2,136,701
Total Other (Income) Expense 412,552 2,168,674
Net Income (Loss) 2,962,374 (868,031)
Net (Income) Loss Attributable to Noncontrolling Interests (6,554) 6,417
Net Income (Loss) Attributable to Global Healthcare REIT, Inc. 2,955,820 (861,614)
Series D Preferred Dividends (30,000) (30,000)
Net Income (Loss) Attributable to Common Stockholders $ 2,925,820 $ (891,614)
Net Income (Loss) per Share Attributable to Common Stockholders:    
Basic $ 0.11 $ (0.03)
Diluted $ 0.11 $ (0.03)
Weighted Average Common Shares Outstanding:    
Basic 27,247,531 27,282,385
Diluted 27,630,031 27,282,385
Rental Revenue [Member]    
Revenue, net    
Total Revenue $ 2,112,459 $ 3,267,644
Healthcare Revenue [Member]    
Revenue, net    
Total Revenue $ 18,816,239 $ 3,662,344