Foundation Healthcare Inc (GRMH) financial statements (2023 and earlier)

Company profile

Business Address 13900 N. PORTLAND AVENUE
State of Incorp. OK
Fiscal Year End December 31
SIC 8093 - Specialty Outpatient Facilities, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

Current Assets
Cash, cash equivalents, and short-term investments5,0622,8604,212258
Cash and cash equivalents5,0622,8604,212258
Inventory, net of allowances, customer advances and progress billings3,7381,8631,931325
Disposal group, including discontinued operation41634251919
Prepaid expense and other current assets488
Deferred tax assets 7752,119 
Other undisclosed current assets3,3253,7133,032(179)
Total current assets:43,43629,68224,5683,904
Noncurrent Assets
Property, plant and equipment53,51513,46512,0742,820
Long-term investments and receivables3,0135,7225,699 
Long-term investments3,0135,7225,699 
Intangible assets, net (including goodwill)17,44610,05412,1131,424
Intangible assets, net (excluding goodwill)7,0229,08011,1391,424
Restricted cash and investments   236
Disposal group, including discontinued operation, noncurrent assets17165
Other noncurrent assets1,660438245
Prepaid expense and other noncurrent assets352
Assets of disposal group, including discontinued operation576 
Other undisclosed noncurrent assets828  (1,660)
Total noncurrent assets:76,47929,84530,7063,171
TOTAL ASSETS:119,91559,52755,2757,076
Current Liabilities
Accounts payable and accrued liabilities22,09620,78319,3285,244
Accounts payable9,06010,36411,6492,398
Accrued liabilities12,87810,2234,1152,846
Taxes payable  3,564 
Interest and dividends payable158195  
Due to related parties 1,400 1,537
Disposal group, including discontinued operation2,3568405,621371
Other liabilities5911,053827 
Other undisclosed current liabilities1,722(1,400)195 
Total current liabilities:34,43228,15539,55624,128
Noncurrent Liabilities
Long-term debt and lease obligation, including:44,31024,73810,032105
Long-term debt, excluding current maturities44,31024,73810,032105
Capital lease obligations26,994   
Other undisclosed long-term debt and lease obligation(26,994)   
Liabilities, other than long-term debt14,15214,03312,266 
Deferred revenue and credits7,6738,609  
Deferred tax liabilities, net 1072,605 
Disposal group, including discontinued operation, liabilities  10 
Other liabilities6,4795,3179,651 
Other undisclosed noncurrent liabilities26,994   
Total noncurrent liabilities:85,45638,77122,298105
Total liabilities:119,88866,92661,85324,233
Temporary equity, carrying amount6,960   
Stockholders' equity
Stockholders' equity attributable to parent(11,186)(17,942)(16,913)(16,664)
Common stock22162
Additional paid in capital20,88619,32118,24240,897
Accumulated deficit(32,074)(37,265)(35,171)(57,563)
Stockholders' equity attributable to noncontrolling interest4,2541,8431,635(493)
Total stockholders' equity:(6,933)(16,099)(15,278)(17,157)
Other undisclosed liabilities and equity 8,7008,700 
TOTAL LIABILITIES AND EQUITY:119,91559,52755,2757,076

Income statement (P&L) ($ in thousands)

Revenue, net126,140101,85891,01416,961
Cost of revenue(5,698)  (6,923)
Cost of goods and services sold   (6,923)
Gross profit:120,442101,85893,14410,038
Operating expenses(115,559)(113,463)(112,630)(31,521)
Operating income (loss):4,883(11,605)(19,486)(21,483)
Nonoperating expense(1,022)(1,226)(2,027)(1,085)
Investment income, nonoperating 3,961  
Other nonoperating income3838514548
Interest and debt expense(1,060)5,498(2,171)(1,133)
Other undisclosed income from continuing operations before equity method investments, income taxes  2,1711,133
Income (loss) from continuing operations before equity method investments, income taxes:2,801(7,333)(21,513)(22,568)
Income from equity method investments1,3692,979  
Other undisclosed income from continuing operations before income taxes1,0606,374  
Income (loss) from continuing operations before income taxes:5,2312,020(21,513)(22,568)
Income tax expense (benefit)1,120852(815)5,226
Other undisclosed loss from continuing operations   (5,226)
Income (loss) from continuing operations:6,3512,872(22,327)(22,568)
Income (loss) from discontinued operations6,192(357)(839)(224)
Income (loss) before gain (loss) on sale of properties:12,5432,515(23,166)(22,793)
Other undisclosed net income  8,107 
Net income (loss):12,5432,515(15,059)(22,793)
Net income (loss) attributable to noncontrolling interest(6,645)(3,827)(4,345)343
Net income (loss) attributable to parent:5,897(1,313)(19,405)(22,450)
Other undisclosed net loss available to common stockholders, basic(706)(781)(1,022) 
Net income (loss) available to common stockholders, diluted:5,191(2,094)(20,427)(22,450)

Comprehensive Income ($ in thousands)

Net income (loss):12,5432,515(15,059)(22,793)
Comprehensive income (loss):12,5432,515(15,059)(22,793)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(6,645)(3,827)4,345(343)
Comprehensive income (loss), net of tax, attributable to parent:5,897(1,313)(10,714)(23,136)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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