Company: EHSI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001437749-25-026553
Chunk: 15

Company: Elite Health Systems Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 15
---
I's equity in earnings of BOPRE

			$
			-

			$
			4,000

BOPRE Condensed Balance Sheet Information

			June 30,

			December 31,

			2025

			2024

			Current assets

			$
			-

			$
			-

			Noncurrent assets

			-

			-

			Total assets

			$
			-

			$
			-

			Current liabilities

			$
			-

			Noncurrent liabilities

			-

			-

			Equity

			-

			-

			Total liabilities and equity

			$
			-

			$
			-

12

Note C- CB Oncology Partners

CBOP was organized September 1, 2017, to acquire the rights of the new center from FOP. EHSHI originally had a 24% equity interest in CBOP. Beginning in October of 2017, CBOP began paying the remainder of the costs associated with opening the center. CBOP had no assets at the end of 2017. The medical center opened and treated its first patient in January of 2018.

Effective November 15, 2019, FOP transferred to, and CBOP assumed, a loan with BB&T bank, that it had entered in order to finance the purchase of equipment and build out of the new center, as well as the associated property and equipment. In addition, CBOP and BB&T agreed to reduce the monthly loan repayments for the next nine months, and to extend the term of the loan from November 2024 to July 2025. In July 2020 CBOP and BB&T further agreed to reduce the monthly payments for the life of the loan and extended the loan to July of 2027.

In June 2020, CBOP made a $500,000 capital call to its members. UNSC converted previously made advances totaling $121,000 into equity in CBOP to meet its capital requirement, and other members contributed $212,000 in cash. The remaining capital contributions are not expected to be met and, accordingly, the Company’s equity interest in CBOP increased to 28.58% in June 2020.

During the year ended December 31, 2024, the Company did not lend any additional funds to CBOP. During the year ended December 31, 2023, the Company