Global Medical REIT Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions (Tables)

Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2016

A rollforward of the funding from ZH USA, LLC classified as convertible debenture, due to majority stockholder as of March 31, 2016 is as follows:

Balance as of January 1, 2016	$	40,030,134
Conversion of convertible debenture to common shares (a)		(15,000,000)
Balance as of March 31, 2016	$	25,030,134

(a)

As disclosed in Note 5 “Stockholders’ Equity” on March 2, 2016, ZH USA, LLC converted $15,000,000 of principal under the Convertible Debenture into 1,176,656 shares of the Company’s unregistered common stock.

Schedule of Funding from Majority Stockholder [Table Text Block]

A rollforward of the funding from the majority stockholder as of March 31, 2016 is as follows:

Balance as of January 1, 2016	$	421,000
Proceeds received from majority stockholder		-
Repayments of note payable		-
Balance as of March 31, 2016	$	421,000

A rollforward of the due (to) from related parties balance, net as of March 31, 2016 is as follows:

			Due to				Due (to) from		Total Due (To)
	Due from		Advisor		Due to Advisor		Other Related		From Related
	Advisor		Mgmt. Fees		Other Funds		Party		Parties, Net

Balance as of January 1, 2016	$	178,111		(630,000)		(240,280)		(155,000)		(847,169)
Management fees due to Advisor (a)		-		(90,000)		-		-		(90,000)
Funds loaned by Advisor (b)		-		-		(152,893)		-		(152,893)
Funds loaned to Other Related Party		-		-		-		21,500		21,500
Balance as of March 31, 2016	$	178,111		(720,000)		(393,173)		(133,500)		(1,068,562)

(a)

This amount represents a cash flow operating activity.

(b)

Funds loaned to the Company were primarily used by the Company for general corporate purposes.