Company: EHSI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034794
Chunk: 5

Company: Elite Health Systems Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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2,026,000
			)
			 
			$
			(1,034,000
			)

			Adjustments to reconcile net loss to net cash used in operating activities:

			Amortization of operating lease right-of-use asset

			26,000

			19,000

			Income from investments in unconsolidated entities, net

			-

			(100,000
			)

			Distributed earnings from unconsolidated entities

			-

			268,000

			Non-cash stock compensation

			504,000

			Changes in:

			Income taxes payable

			-

			(166,000
			)

			Other current assets

			(274,000
			)

			43,000

			Stock subscription receivable

			175,000

			-

			Accounts payable and accrued expenses

			173,000

			6,000

			Operating lease right-of-use liability

			(26,000
			)

			(18,000
			)

			Advances to unconsolidated entities

			-

			(6,000
			)

			Net cash provided by (used in) operating activities

			(1,448,000
			)

			(988,000
			)

			Cash flows from investing activities:

			Receipt of distributions outstanding

			11,000

			-

			Capitalization of software development costs

			(992,000
			)

			Net cash provided by (used in) investing activities

			(981,000
			)

			-

			Cash flows from financing activities:

			Issuance of shares from prior period

			(355,000
			)

			Stock to be issued

			1,890,000

			Issuance of common stock

			475,000

			4,050,000

			Net cash provided by (used in) financing activities

			2,365,000

			3,695,000

			Net change in cash and cash equivalents

			(64,000
			)

			2,707,000

			Cash and cash equivalents - beginning of period

			4,034,000