Company: EHSI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001437749-25-017141
Chunk: 20

Company: Elite Health Systems Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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14,000

			698,000

			712,000

			Net loss for the three months ended

			March 31,2025

			(424,000
			)

			(424,000
			)

			Balance - March 31, 2025

			21,409,924

			$
			214,000

			$
			8,883,000

			$
			-

			$
			(4,869,000
			)
			 
			$
			4,228,000

See accompanying notes to the consolidated financial statements

5

ELITE HEALTH SYSTEMS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

(UNAUDITED)

			Three Months Ended

			March 31,

			2025

			2024

			Cash flows from operating activities:

			Net loss

			$
			(424,000
			)
			 
			$
			(312,000
			)

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

			Amortization of operating lease right-of-use asset

			9,000

			5,000

			Income from investments in unconsolidated entities, net

			-

			(2,000
			)

			Changes in:

			Income taxes payable

			-

			(166,000
			)

			Other current assets

			(5,000
			)

			5,000

			Stock subscription receivable

			175,000

			-

			Due from related parties

			-

			(3,000
			)

			Accounts payable and accrued expenses

			(44,000
			)

			16,000

			Operating lease right-of-use liability

			(8,000
			)

			(4,000
			)

			Net cash provied by (used in) operating activities

			(297,000
			)

			(461,000
			)

			Cash flows from investing activities:

			Receipt of distributions outstanding

			11,000

			-

			Capitalization of software development costs

			(