Company: EHSI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001437749-25-017141
Chunk: 17

Company: Elite Health Systems Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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Item 1. Financial Statements

ELITE HEALTH SYSTEMS INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

			March 31,

			December 31,

			2025

			2024

			(Unaudited)

			(Audited)

			ASSETS

			Current assets:

			Cash and cash equivalents

			$
			3,696,000

			$
			4,034,000

			Other current assets

			33,000

			28,000

			Due from related parties

			1,000

			12,000

			Stock subscriptions receivable

			-

			175,000

			Total current assets

			3,730,000

			4,249,000

			Other assets:

			Due from related parties

			-

			-

			Total other assets

			-

			-

			Property and equipment:

			Capitalized software development

			526,000

			-

			Operating lease right-of-use asset

			63,000

			72,000

			Total property and equipment

			589,000

			72,000

			TOTAL ASSETS

			$
			4,319,000

			$
			4,321,000

			LIABILITIES

			Current liabilities:

			Operating lease right-of-use liability - current portion

			$
			35,000

			$
			34,000

			Accounts payable and accrued expenses

			16,000

			60,000

			Total current liabilities

			51,000

			94,000

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

			29,000

			38,000

			Guarantee liability

			11,000

			11,000

			Total liabilities

			91,000

			143,000

			EQUITY

			Common stock - par value $.01; 25,000,000 shares authorized; 21,409,924 and 19,984,924 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively.

			214,000

			200,000

			Stock