Company: EHSI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001437749-25-017141
Chunk: 26

Company: Elite Health Systems Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 the period. The numerator for the calculation of basic and diluted earnings per share is net loss and the denominator is the weighted-average number of common shares outstanding during the period.

The tables below present financial information associated with our leases.

			Classification

			March 31,

			Assets

			2025

			2024

			Long-term

			Operating lease assets

			Operating lease right-of-use asset

			$
			63,000

			$
			80,000

			Total leased assets

			$
			63,000

			$
			80,000

			Liabilities

			Current

			-

			Operating lease liabilities

			Operating lease right-of-use liability - current portion

			$
			35,000

			$
			27,000

			Long-term

			Operating lease liabilities

			Operating lease right-of-use liability - net of current portion

			$
			29,000

			$
			54,000

			Total lease liabilities

			$
			64,000

			$
			81,000

			Lease Cost

			Operating lease cost

			Selling, general and administrative

			$
			9,000

			$
			5,000

			Net lease expense

			$
			9,000

			$
			5,000

			Maturity of lease liabilities (as of March 31, 2025)

			Operating lease

			2025

			$
			28,000

			2026

			39,000

			Total

			$
			67,000

			Less amount representing interest

			3,000

			Present value of lease liabilities

			$
			64,000

			Discount rate

			4.140
			%

10

Note B– Boca Oncology Partners

During the first quarter of 2011, the Company, through the formation of a joint venture, in which it had a noncontrolling interest, participated in the formation of Boca Oncology Partners, LLC (“BOP”), for the purpose of owning and operating a cancer center in Boca Raton, Florida. In June 2011, BOPRE, an affiliated entity, purchased a 20% interest in Boca West IMP, owner of a medical office