Global Healthcare REIT Inc. (“Global” or “we” or the “Company”) was organized for the purpose of investing in real estate related to the long-term care industry. Prior to the Company changing its name to Global Healthcare REIT Inc. on September 30, 2013, the Company was known as Global Casinos Inc. Global Casinos Inc. operated two gaming casinos which were split-off and sold on September 30, 2013. Simultaneous with the split-off and sale of the gaming operations, the Company acquired West Paces Ferry Healthcare REIT Inc. (WPF). WPF was merged into the Company in 2019.
Company profile
Ticker
GBCS
Exchange
Website
CEO
Lance Jason Baller
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
GLOBAL CASINOS INC, GLOBAL HEALTHCARE REIT, INC.
SEC CIK
Corporate docs
IRS number
870340206
GBCS stock data
Investment data
Securities sold
Number of investors
Calendar
17 May 22
19 Aug 22
31 Dec 22
Financial summary
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| Annual (USD) | Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 3.61M | 3.61M | 3.61M | 3.61M | 3.61M | 3.61M |
| Cash burn (monthly) | 24.04K | 95.13K | (no burn) | (no burn) | 320.79K | 148.15K |
| Cash used (since last report) | 256.78K | 1.02M | n/a | n/a | 3.43M | 1.58M |
| Cash remaining | 3.36M | 2.6M | n/a | n/a | 187.58K | 2.03M |
| Runway (months of cash) | 139.6 | 27.3 | n/a | n/a | 0.6 | 13.7 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 30 Mar 22 | Baller Lance | Common Stock Options Common stock | Grant | Acquire A | No | No | 7 | 100,000 | 700K | 100,000 |
| 30 Mar 22 | Christopher R. Barker | Common Stock Options Common stock | Grant | Acquire A | No | No | 7 | 100,000 | 700K | 100,000 |
| 31 Dec 21 | Baller Lance | Common Stock | Conversion | Acquire C | Yes | No | 5 | 20,000 | 100K | 46,616 |
| 20 Aug 21 | Baller Lance | Common Stock | Grant | Acquire A | Yes | No | 0.5 | 66,667 | 33.33K | 66,667 |
| 20 Aug 21 | Baller Lance | Common Stock | Grant | Acquire A | Yes | No | 0.5 | 100,000 | 50K | 729,335 |
Institutional ownership, Q2 2021
| 13F holders | Current |
|---|---|
| Total holders | 0 |
| Opened positions | 0 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 0 |
| Total shares | 0 |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|
Financial report summary
?Management Discussion
- Rental revenue for the year ended December 31, 2020 totaled $2,112,459, compared to $3,267,644 for the year ended December 31, 2019, a decrease of $1,155,185. The Company also had Healthcare revenue of $18,816,239 for the year end December 31, 2020, an increase of $15,153,895, compared to $3,662,344 for the year ended December 31, 2019. Factors that contributed to the decrease in rental revenue included the appointment of a receivership at Eastman as well as the closure of Edwards Redeemer. Also, the Southern Tulsa facility is operated directly by the Company as of December 1, 2019, increasing healthcare revenues but decreasing rental revenues. The acquisitions of the Higher Call Nursing Center on March 2, 2020 along with the Company assuming direct operation of the Eastman facility as of July 1, 2020 also increased healthcare revenues. The acquisition of the Fairland Family Care Center on December 31, 2020 did not contribute to revenues in 2020. Looking forward, we anticipate growing the rental revenue at the Southern Hills ILF facility in 2021 and beyond, but the shift toward healthcare revenue will continue as we operate more facilities directly.
Content analysis
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H.S. freshman Avg
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New words:
abandoned, cleared, condemnation, CV, domain, eminent, Franklin, incorporation, Permanent, Preliminary, rebranded, refer, referred, refused, restated, split, spoliation, unlawful, vast
Removed:
adequate, agree, allocating, announcement, annually, arbitration, attest, authorize, automatically, binding, bolster, calculating, cap, certification, classification, delivery, deny, designated, distribute, encouraging, essentially, finalized, functional, geographic, goal, granted, Guilty, impermissible, index, indirect, inpatient, institutional, intended, licensure, light, limiting, managed, mitigate, modifying, Municipal, nation, negotiate, Notably, nuisance, online, open, oversee, performed, periodically, permissible, planning, plea, portal, potentially, preventative, professional, prohibition, proportional, proportionally, proposal, proposed, quo, reforming, requested, Restraining, retained, revising, round, sequester, setting, simultaneously, strongly, Superior, superseded, supporting, survey, sweeping, temporarily, transparency, Trump, Village, violation, Wadsworth, waiving, workforce
Current reports
8-K
Departure of Directors or Certain Officers
18 Aug 22
8-K
Departure of Directors or Certain Officers
29 Jul 22
8-K
Departure of Directors or Certain Officers
5 Jul 22
8-K
Unregistered Sales of Equity Securities
4 Apr 22
8-K
Departure of Directors or Certain Officers
9 Mar 22
8-K
Changes in Registrant's Certifying Accountant
27 Jan 22
8-K/A
Unregistered Sales of Equity Securities
21 Jan 22
8-K
Unregistered Sales of Equity Securities
11 Jan 22
8-K
Unregistered Sales of Equity Securities
9 Jan 22
8-K/A
Departure of Directors or Certain Officers
3 Jan 22
Registration and prospectus
D
$750K in equity, sold $750K, 9 investors
16 Jul 21
D/A
$2.5M in debt / options, sold $2.34M, 31 investors
30 Jan 20
D
$2M in debt / options
5 Sep 18
D
$300K in debt / options, sold $300K, 4 investors
16 Nov 17
D
$1.73M in debt / options, sold $450K, 4 investors
16 Jul 17
D
$1M in debt / options, sold $300K, 3 investors
4 Dec 16
D
Indefinite amount in equity, 69 investors
18 Dec 14
D
$3.2M in debt / options, sold $3.2M, 29 investors
1 Oct 14
D/A
$6.75M in equity, sold $6.72M, 107 investors
18 Mar 14
D/A
$6.75M in equity, sold $6.13M, 98 investors
23 Feb 14
Other
UPLOAD
Letter from SEC
4 Nov 13
UPLOAD
Letter from SEC
30 Oct 13
UPLOAD
Letter from SEC
25 May 10
CORRESP
Correspondence with SEC
20 May 10
UPLOAD
Letter from SEC
2 May 10
CORRESP
Correspondence with SEC
21 Apr 10
UPLOAD
Letter from SEC
21 Mar 10
CORRESP
Correspondence with SEC
25 Feb 10
UPLOAD
Letter from SEC
14 Jan 10
UPLOAD
Letter from SEC
16 Jan 07
Ownership
3
SELECTIS HEALTH / David J. Furstenberg ownership change
8 Jul 22
4
SELECTIS HEALTH / Christopher R. Barker ownership change
7 Apr 22
4
SELECTIS HEALTH / Lance Baller ownership change
7 Apr 22
4
SELECTIS HEALTH / Lance Baller ownership change
13 Jan 22
4
SELECTIS HEALTH / Lance Baller ownership change
9 Sep 21
SC 13D/A
SELECTIS HEALTH / Baller Lance ownership change
9 Sep 21
4/A
SELECTIS HEALTH / CLIFFORD L ESQ NEUMAN ownership change
6 Aug 21
4
SELECTIS HEALTH / CLIFFORD L ESQ NEUMAN ownership change
15 Jul 21
4
SELECTIS HEALTH / Brandon Thall ownership change
13 Jul 21
4
SELECTIS HEALTH / Christopher R. Barker ownership change
13 Jul 21