Company: EHSI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034794
Chunk: 0

Company: Elite Health Systems Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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ELITE HEALTH SYSTEMS INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

			September 30,

			December 31,

			2025

			2024

			(Unaudited)

			(Audited)

			ASSETS

			Current assets:

			Cash and cash equivalents

			$
			3,970,000

			$
			4,034,000

			Other current assets

			302,000

			28,000

			Due from related parties

			1,000

			12,000

			Stock subscriptions receivable

			-

			175,000

			Total current assets

			4,273,000

			4,249,000

			Property and equipment:

			Capitalized software under development

			992,000

			-

			Operating lease right-of-use asset

			46,000

			72,000

			Total property and equipment

			1,038,000

			72,000

			TOTAL ASSETS

			$
			5,311,000

			$
			4,321,000

			LIABILITIES

			Current liabilities:

			Operating lease right-of-use liability - current portion

			$
			37,000

			$
			34,000

			Accounts payable and accrued expenses

			233,000

			60,000

			Total current liabilities

			270,000

			94,000

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

			10,000

			38,000

			Guarantee liability

			11,000

			11,000

			Total liabilities

			291,000

			143,000

			EQUITY

			Common stock - par value $.01; 25,000,000 shares authorized; 21,939,924. and 19,984,924 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively.

			220,000

			200,000

			Stock to be issued

			1,890,000

			238,000

			Additional paid-in capital

			9,381,000