Crowdonomics
All companies

ETHEMA HEALTH Corp

Operating

Healthcare · West Palm Beach, FL

Estimated pre-money ⓘ
$8.8M
As of Oct 2022 · from Reg A Offering (2022) · our estimate: offering price × shares outstanding, not a stated valuation
Total raised
$932,386
Crowd $0 · Private $932K · 4 rounds since 2016
Latest share price
$0.0012
Reg A Offering (2022) offering price

Financials

FY2011–FY2025 · from SEC filings · hover any figure for its source
$433K
−$8.2M
2018
$360K
−$15.0M
2019
$339K
$3.1M
2020
$1.9M
−$1.5M
2021
$4.8M
$248K
2022
$5.3M
$1.0M
2023
$6.0M
−$2.2M
2024
$18.8M
−$2.2M
2025
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 7 earlier years are in the table below.

Metric
FY2011 audited
FY2012 audited
FY2013 audited
FY2014 audited
FY2015 audited
FY2016 audited
FY2017 audited
FY2018 audited
FY2019 audited
FY2020 audited
FY2021 audited
FY2022 audited
FY2023 audited
FY2024 audited
FY2025 audited
Income statement
Revenue
$1,678,804
$5,540,909
$5,962,304
$3,416,342
$3,138,878
—
$929,416
$432,515
$359,947
$338,996
$1,942,588
$4,820,747
$5,344,976
$6,017,204
$18,764,817
Cost of goods sold
—
$1,050,002
$1,256,483
—
—
—
—
—
—
—
$830,098
$830,098
—
—
—
Gross margin
—
81%
79%
—
—
—
—
—
—
—
57%
83%
—
—
—
Net income
-$2,496,861
-$1,484,353
-$1,631,056
-$1,900,273
-$1,155,176
-$260,709
-$1,368,488
-$8,178,643
-$14,962,841
$3,084,992
-$1,542,946
$247,880
$1,006,415
-$2,165,937
-$2,177,669
Taxes paid
—
—
—
—
—
—
—
—
—
—
-$280,903
-$112,220
$391,962
—
-$52,644
Balance sheet
Cash
$0
$0
-$126,073
$88,152
$174
$4,779
$339
$24,674
$2,975
$90,500
$48,822
$140,757
$68,573
$244,771
$59,509
Accounts receivable
$188,423
$380,043
$440,918
$164,832
$183,583
—
$218,858
$202,654
$105,842
$3,075
$176,011
$337,074
$313,338
$260,841
$1,446,366
Total assets
$930,916
$1,124,993
$1,193,464
$1,135,800
$291,769
$460,055
$12,268,428
$12,669,109
$3,211,079
$3,822,466
$6,554,306
$6,563,294
$11,519,176
$12,158,402
$28,766,979
Short-term debt
$28,281
$231,875
—
$29,758
$21,675
—
—
—
$106,934
$115,375
$122,167
$460,534
$680,672
$3,973,245
$4,552,297
Long-term debt
—
—
—
—
—
—
—
—
—
—
$5,167,244
$5,167,244
—
—
—
Total liabilities
$3,876,865
$4,561,748
$4,298,157
$3,866,286
$3,424,225
$3,637,111
$14,044,070
$20,385,062
$23,231,623
$18,448,565
$16,009,687
$15,395,837
$17,719,456
$19,616,969
$38,403,215
Other
Headcount
—
—
—
—
—
—
—
—
—
—
18
18
—
—
—

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$8.8M
est. pre-money
Reg A+ · Equity · Oct 2022

Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Cap table

Share counts as of Dec 31, 2025
Preferred stock · 0.06%Common stock · 99.9%
ClassOutstandingVotes / shareShare of totalLast price
Preferred stockpreferred4,765,000—0.06%—
Common stock7,726,283,805199.9%—
Total7,731,048,805100%

Shares outstanding over timein today's share terms

7.7B3.9B0
Dec 2013Mar 2025
Common stockPreferred stockSeries ARound opened

Principal holders% as the filing states it, Oct 20, 2023

  • Shawn Leon171,864,342 Common Stock4.6%of
  • Gerald T. Miller500,000 Common Stock—of votes
  • John O'Bireck500,000 Common Stock—of votes

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Reg A+ · Equity · Oct 2022Closedvia DealMaker
Raised $0 / $5MEst. pre-money $8.8M
Raised $282KInvestors 1
Raised $110KInvestors 1
Raised $540.4KInvestors 11

Team

3 people
Shawn E. Leon
CEO, CFO
Gerald T. Miller
Director
John O'Bireck
Director

Names and titles as disclosed on SEC Form 1-A. Bios and photos come from the platform campaign page and may be out of date.

  • Form 10-KJul 1, 20260001903596-26-000271
    EDGAR
  • Form 10-QDec 3, 20250001903596-25-000567
    EDGAR
  • Form 10-QNov 3, 20250001903596-25-000512
    EDGAR
  • Form 10-QOct 17, 20250001903596-25-000484
    EDGAR
  • Form 10-KMay 23, 20250001903596-25-000296
    EDGAR
  • Form 10-QNov 14, 20240001903596-24-000678
    EDGAR
  • Form 10-QAug 19, 20240001903596-24-000535
    EDGAR
  • Form 10-QMay 31, 20240001903596-24-000371
    EDGAR
Source: SEC EDGARCIK 0000792935COShare price $0.0012Last synced Aug 16, 2026

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.