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GBCS on OTC

SELECTIS HEALTH, INC.

SELECTIS HEALTH, INC. is an American real estate investment trust, incorporated in Utah.1 It is headquartered in Greenwood Village, Colorado.1 Its shares trade on OTC under the symbol GBCS.1

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Last updated Oct 21, 2026.

Overview

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  • TickerGBCS on OTC1
  • IndustryReal Estate Investment Trusts1
  • HeadquartersGreenwood Village, Colorado1
  • Incorporated inUT2
  • Business address8480 E. Orchard Road, Suite 4900, Greenwood Village, Co 801112
  • Filer category, Emerging growth company2

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Paces Ferry Healthcare REIT, Inc. (“WPF”). WPF was merged into the Company in 2019.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-3.8%Operating margin4
-2.5%Net margin4
4.9%Revenue growth, 20254
$1.4MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Health Care brought in 100% of the revenue SELECTIS HEALTH, INC. broke down this way in fiscal 2025.

  1. Health Care$41.4M4100%up 6% from 2024
  2. Management Fee Revenue$65.8K40%
Products and services by year
Products and services20242025
Health Care$39.2M$41.4M
Management Fee Revenue$65.8K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$41.4M
  • Income tax0¢$800

Out of $41.4M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending24¢$443.6K
  • Kept or used elsewhere76¢$1.4M

Out of $1.9M of cash from operations.4

Financial statements

Revenue567894$41.4M in 2025+498% since 2019
0$20.0M$40.0M$60.0M2019: $6.9M$6.9M20192020: $20.9M$20.9M2020+202%2021: $29.3M$29.3M2021+40%2022: $40.6M$40.6M2022+39%2023: $36.8M$36.8M2023−9%2024: $39.5M$39.5M2024+7%2025: $41.4M$41.4M2025+5%
Operating income567894-$1.6M in 2025
-$10.0M-$5.0M0$5.0M2019: $1.3M$1.3M20192020: $3.4M$3.4M2020+159%2021: -$729.0K-$729.0K20212022: -$286.6K-$286.6K2022−61%2023: -$9.0M-$9.0M2023+3027%2024: -$2.7M-$2.7M2024−70%2025: -$1.6M-$1.6M2025−43%
Net income567894-$1.0M in 2025+18% since 2019
-$4.0M-$2.0M0$2.0M$4.0M2019: -$861.6K-$861.6K20192020: $3.0M$3.0M20202021: -$2.3M-$2.3M20212022: -$2.4M-$2.4M2022+6%2023: -$4.0M-$4.0M2023+66%2024: -$2.4M-$2.4M2024−39%2025: -$1.0M-$1.0M2025−58%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Total Revenue$41.4M$39.5M
Property taxes, insurance and other operating$31.8M$30.4M
General and administrative$8.9M$9.2M
Provision for credit losses$883.0K$1.0M
Depreciation and amortization$1.5M$1.6M
Total operating expenses$43.0M$42.2M
Loss from Operations-$1.6M-$2.7M
Gain on sale of asset-$2.1M
Interest Expense, net$1.7M$2.0M
Loss on debt extinguishment$253.0K
Income from employee retention credits-$986.4K
Other income, net-$1.5M-$240.0K
Total other income, net-$549.7K-$305.2K
Loss before taxes-$1.0M-$2.4M
Provision for income taxes$800
Net Loss-$1.0M-$2.4M
Series D preferred dividends-$37.5K-$22.5K
Net Loss Attributable to Common Stockholders-$1.1M-$2.4M
Basic-$0.34-$0.80
Diluted-$0.34-$0.80
Basic3.1M shares3.1M shares
Diluted3.1M shares3.1M shares

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What it owns

What SELECTIS HEALTH, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$36.9M4 Dec 31, 2025$43.0M4 Dec 31, 2024−14.1%
Accumulated depreciation$13.8M4 Dec 31, 2025$14.9M4 Dec 31, 2024−6.8%
Property and equipment, net$23.1M4 Dec 31, 2025$28.1M4 Dec 31, 2024−18.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.0M4 Dec 31, 2025$680.3K4 Dec 31, 2024+48.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.1M4 Dec 31, 2025$1.1M4 Dec 31, 20240%

Properties, in its own words

As of December 31, 2025, we owned twelve (12) long-term care facilities including a campus of three buildings in Tulsa, OK. The following table provides summary information regarding these facilities at December 31, 2025:

Total Square Feet · # of Beds

The rest of Item 2

State · Properties · Operations · Leased Operations · Operating Square Feet · Leased Square Feet · Operating Beds · Leased Beds

Arkansas · 1 · - · 1 · - · 40,737 · - · 141

Georgia (1) · 4 · 4 · - · 78,197 · - · 382 · -

Ohio · 1 · - · - · 27,500 · - · 99 · -

Oklahoma · 6 · 5 · - · 162,976 · - · 412 · -

Total · 12 · 9 · 1 · 268,673 · 40,737 · 893 · 141

(1) · As a result of the sale of Goodwill Hunting LLC on June 18, 2024 the Company had no more operating leases recorded on its consolidated balance sheet.

Effective December 5, 2025, the Company executed two Purchase and Sale Agreements, and corresponding Operations Transfer Agreements, pursuant to which the Company agreed to sell to an unrelated third party, two (2) of the Company’s skilled nursing facilities in the State of Georgia: Warrenton and Sparta. If consummated, the PSA’s would result in the Company having two (2) remaining facilities in the State of Georgia. The Company closed on this transaction in January 2026.

Effective March 5, 2026, the Company executed two Purchase and Sale Agreements, and corresponding Operations Transfer Agreements, pursuant to which the Company agreed to sell to an unrelated third party, the Company’s remaining two (2) skilled nursing facilities in the State of Georgia: Abbeville and Dodge. If this transaction closes the Company would no longer own any healthcare facilities in the State of Georgia. The closing is estimated to occur on or around June 1, 2026, subject to numerous conditions, including, without limitation, satisfactory completion of due diligence and other conditions customary in transactions of this nature. There can be no assurance that this sale transaction will close.

Item 2 of the 10-K filed Apr 15, 2026.3

Leadership

Who has led SELECTIS HEALTH, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Christopher F. Brogdon2014–2015
  2. Connie B. Brogdon2015
  3. Lance Baller2016–2022
  4. Adam Desmond2026
  5. Krystal Diane Eckhart2026–now

President

  1. Clifford L. Neuman Esq.2006–2013
  2. Christopher F. Brogdon2013–2015
  3. Lance Baller2016–2017
  4. Zvi Michael Rhine2018–2019
  5. Christopher R. Barker2021–2022

Chief financial officer

  1. Todd Edwin Huss2006–2011
  2. Philip S. Scarborough2013–2015
  3. Zvi Michael Rhine2016–2019
  4. Brandon Thall2020–2021
  5. James W. Creamer Iii.2023
  6. Krystal Diane Eckhart2026–now

Chief operating officer

  1. Andrew L. Sink2016–2017
  2. Christopher R. Barker2021–2022
2010201520202025
Board members and other officers (20)

Former names

  • GLOBAL HEALTHCARE REIT, INC.Oct 7, 2013 to Jun 21, 20212
  • GLOBAL CASINOS INCJul 31, 1996 to Oct 4, 20132

Timeline

  1. Oct 9, 20268-K Completed an acquisition or sale; New debt or obligation; Change to shareholders' rights45
  2. Sep 9, 20268-K Entered a material agreement; Completed an acquisition or sale; Change to shareholders' rights46
  3. Jun 24, 20268-K Entered a material agreement; Regulation FD disclosure47
  4. May 26, 2026New chief executive Krystal Diane Eckhart becomes CEO13
  5. May 20, 20268-K Executive or director change48
  6. May 7, 20268-K Completed an acquisition or sale49
  7. Mar 31, 20268-K Executive or director change50
  8. Mar 19, 20268-K Executive or director change51
  9. Mar 12, 2026New chief executive Adam Desmond becomes CEO12
  10. Mar 9, 20268-K Entered a material agreement52
  11. Jan 21, 20268-K Completed an acquisition or sale53
  12. Jan 6, 20268-K Executive or director change54
  13. Dec 30, 20258-K New debt or obligation; Change to shareholders' rights55
  14. Dec 9, 20258-K Entered a material agreement56
  15. Jan 7, 2016New chief executive Lance Baller becomes CEO14
  16. Jan 27, 2015New chief executive Connie B. Brogdon becomes CEO15
  17. Feb 21, 2014New chief executive Christopher F. Brogdon becomes CEO16

Filings

123 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 56 major events, 11 insider forms, 35 other. The latest 20:

  1. Oct 9, 202615-12G EDGAR
  2. Oct 9, 20268-K EDGAR
  3. Oct 9, 2026S-8 POS EDGAR
  4. Sep 9, 20268-K EDGAR
  5. Sep 8, 2026SC TO-T/A EDGAR
  6. Aug 31, 2026SC TO-T/A EDGAR
  7. Aug 25, 2026SC TO-T/A EDGAR
  8. Aug 24, 202610-Q EDGAR
  9. Aug 18, 2026NT 10-Q EDGAR
  10. Aug 18, 2026SC TO-T/A EDGAR
  11. Aug 11, 2026SC TO-T/A EDGAR
  12. Aug 3, 2026SC TO-T/A EDGAR
  13. Jul 16, 2026SC TO-T/A EDGAR
  14. Jul 13, 2026SC 14D9 EDGAR
  15. Jul 13, 2026SC TO-T EDGAR
  16. Jun 24, 20268-K EDGAR
  17. Jun 23, 2026SC TO-C EDGAR
  18. May 26, 20263 EDGAR
  19. May 22, 202610-Q EDGAR
  20. May 20, 20268-K EDGAR

The 123 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

42 open-market trades by officers, directors and large owners since October 2021: 42 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 31, 2025Desmond AdamCEOBuy1,300$2.25$2.9KForm 4
Dec 31, 2025Desmond AdamCEOBuy1,300$2.25$2.9KForm 4
Dec 19, 2025Desmond AdamCEOBuy1,345$2.20$3.0KForm 4
Dec 19, 2025Desmond AdamCEOBuy1,345$2.20$3.0KForm 4
Dec 18, 2025Baller LanceDirectorBuy6,192$2.20$13.6KForm 4
Oct 17, 2025Desmond AdamCEOBuy2,800$1.75$4.9KForm 4
Oct 17, 2025Desmond AdamCEOBuy2,800$1.75$4.9KForm 4
Oct 9, 2025Desmond AdamCEOBuy240$1.74$418Form 4
Oct 9, 2025Desmond AdamCEOBuy240$1.74$418Form 4
Oct 6, 2025Desmond AdamCEOBuy700$2.10$1.5KForm 4
Oct 6, 2025Desmond AdamCEOBuy700$2.10$1.5KForm 4
Aug 1, 2025Desmond AdamCEOBuy619$2.40$1.5KForm 4
Aug 1, 2025Desmond AdamCEOBuy619$2.40$1.5KForm 4
Jul 15, 2025Desmond AdamCEOBuy161$2.44$393Form 4
Jul 15, 2025Desmond AdamCEOBuy161$2.44$393Form 4
Jun 12, 2025Desmond AdamCEOBuy360$1.61$580Form 4
Jun 12, 2025Desmond AdamCEOBuy360$1.61$580Form 4
Jun 11, 2025Desmond AdamCEOBuy570$1.79$1.0KForm 4
Jun 11, 2025Desmond AdamCEOBuy570$1.79$1.0KForm 4
Jun 9, 2025Desmond AdamCEOBuy730$1.60$1.2KForm 4

All 42 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

SEC filer profile

How SELECTIS HEALTH, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSELECTIS HEALTH, INC.1
  • CIK0000727346
  • Employer ID (EIN)87-03402063
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company3
  • Incorporated inUtah3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6798 Real Estate Investment Trusts1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address8480 E. Orchard Road, Suite 4900, Greenwood Village, CO 801111
  • Phone720-680-08081
  • Shares outstanding3,067,059 as of Aug 21, 202611
  • Public float$4.0M as of Jun 30, 20253
  • AuditorWithumSmith+Brown, PC, New York, NY PCAOB ID 1003
  • On EDGAR sinceMay 14, 19961
  • Filings788 in all: 8-K (260), 4 (131), 10-Q (55), NT 10-Q (53), 10QSB (36), 8-K/A (29), NT 10-K (29), 3 (22)1
    All 46 form types

    10-K (19), SC 13D/A (13), UPLOAD (12), 10KSB (11), D (11), SC 13D (10), 10QSB/A (9), SC TO-T/A (9), CORRESP (7), D/A (7), SC 13G/A (6), 10KSB/A (5), 4/A (5), DEF 14A (5), 10-K/A (4), 10-K405/A (4), NT 10-Q/A (4), SC 13G (4), 10-Q/A (3), 5 (2), PRE 14A (2), REGDEX (2), SC 14D9 (2), SC TO-C (2), SC TO-T (2), 10-K405 (1), 15-12G (1), 424B3 (1), 5/A (1), DEF 14C (1), DEFR14A (1), PRE 14C (1), PRER14A (1), PRER14C (1), REGDEX/A (1), S-8 (1), S-8 POS (1), SB-2 (1)

  • Latest filingsAnnual report (10-K) Apr 15, 2026
    Quarterly report (10-Q) Aug 24, 2026
    Proxy statement (DEF 14A) Oct 20, 2022
    Latest 8-K (8-K) Oct 9, 2026

Risk factors and legal proceedings

Legal proceedings

The Company and/or its affiliated subsidiaries provide patient care at or through their facilities. As such, the Company and its affiliated subsidiaries are subject from time to time to claims of negligence resulting in injury or death to residents. The Company maintains comprehensive general liability insurance and professional liability insurance in sufficient amounts to cover most material exposure resulting from these claims. The cost of defense is generally covered by these liability policies subject to reasonable reserves and deductibles. Nevertheless the Company does have exposure to these claims which in some cases can be material. There can be no assurance that the Company’s portfolio of insurance products will be adequate to cover all potential exposure or prevent material adverse financial losses.

The following represent some of the matters pending as of the date of this Report:

Hines v. Global Abbeville LLC, d/b/a Glen Eagle, et al, Superior Court of Warren County, State of Georgia, Civil Action No.2023-CV-094

This is a personal injury lawsuit filed on September 11, 2023 against various defendants arising from injuries several months after being admitted to the Glen Eagle facility. The complaint alleges that the facility was negligent in the care administered to the plaintiff which resulted in the injuries, which the Company denies. The Company has referred the litigation to its insurance company for management and believes that its exposure in this matter is de minimus.

The opening of Item 3, Legal Proceedings.3

Sources

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