Company profile

Ticker
GBCS
Exchange
CEO
Lance Jason Baller
Employees
Incorporated in
Location
Fiscal year end
Sector
Former names
Global Casinos Inc
SEC CIK
IRS number
870340206

GBCS stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

13 May 20
8 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 1.99M 1.61M 1.28M 1.02M
Net income 184.08K -168.26K 164.3K -884.01K
Diluted EPS 0.01 -0.01 0.01 -0.04
Net profit margin 9.25% -10.42% 12.89% -86.32%
Operating income 634.34K 370.31K 409.49K -48.85K
Net change in cash -866.42K 928.24K -714.09K 281.67K
Cash on hand 447.95K 1.31M 386.12K 1.1M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 3.62M 3.13M
Net income -1.99M -3M -1.15M -3.33M
Diluted EPS -0.08 -0.12 -0.05 -0.15
Net profit margin -54.98% -95.74%
Operating income 474.91K 464.51K -57.68K -1.34M
Net change in cash 945.65K -423.68K 507.19K -462.54K
Cash on hand 1.1M 154.57K 578.24K 71.06K

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
16 Dec 19 Neuman Clifford L Esq Common Stock Gift Dispose G No 0 90,000 0 862,974
7 Nov 19 Rhine Zvi Michael Common Stock Sale back to company Dispose D No 0 555,000 0 0
7 Nov 19 Rhine Zvi Michael Common Stock Grant Aquire A No 0 111,848 0 1,752,575
2 Jul 19 Andrew L Sink Common Stock Grant Aquire A No 0 37,879 0 579,157
18 Apr 19 Rhine Zvi Michael Common Stock Grant Aquire A No 0 272,727 0 1,640,727
5 Mar 19 Baller Lance Common Stock Grant Aquire A No 0 90,909 0 1,614,654

Financial report summary

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Management Discussion
  • Rental revenue for the year ended December 31, 2018 totaled $3,507,366, compared to $3,129,928 for the year ended December 31, 2017, an increase of $377,438. The company also had net Healthcare revenue of $116,025 for the year end December 31, 2018, compared to $0 for the year ended December 31, 2017, related to the newly commenced operation at the Abbeville facility. Factors that contributed to the increase in rental revenue included improved performance at the Southern Hills SNF as well as base rent and occupancy-based escalators at other facilities. These factors were offset by the performance decline at Meadowview, which generated no rent since February 2018.
  • Going forward, we expect to commence operations at the Southern Hills ALF and ILF facilities in 2019 which we expect to contribute more meaningfully to revenues as the year progresses. We also expect Meadowview to begin paying rent in the second quarter of 2019 with material upside if certain occupancy-based escalators are triggered.
  • General and administrative expenses were $1,099,179 for the year ended December 31, 2018 compared to $1,001,202 for the year ended December 31, 2017, an increase of $97,977. The increase was due to higher salaries and wages particularly at the Glen Eagle facility. The Company stringently reviews its costs regularly but believes its cost structure has been optimized for its current portfolio. For the years ended December 31, 2018 and 2017, general and administrative expenses included $402,392 and $488,321, respectively, of stock-based compensation related to restricted stock and common stock awards granted. We recognized $56,000 of bad debt expense during 2018 related to a rent receivable which we determined to be uncollectible.
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New words: beneficially, breaching, building, Concurrently, conform, constituted, delivered, discharge, Dodge, Eastman, Edward, expedient, largely, Lessor, lost, merged, Motion, NH, offset, Offsetting, partially, past, Petition, prime, pursuing, quo, Reclassification, relationship, Restraining, shifted, size, Temporary, turn, unprofitable, violation
Removed: begin, Middle, permit, sell