Company: EHSI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001437749-25-026553
Chunk: 7

Company: Elite Health Systems Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 7
---
			)

			Issuance of common stock

			1,425,000

			14,000

			698,000

			-

			-

			712,000

			Net loss for the quarter 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

			Net loss for the quarter ended June 30, 2025

			-

			-

			-

			-

			(441,000
			)

			(441,000
			)

			Balance, June 30, 2025

			21,409,924

			$
			214,000

			$
			8,883,000

			-

			$
			(5,310,000
			)
			 
			$
			3,787,000

See accompanying notes to the consolidated financial statements

6

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

ELITE HEALTH SYSTEMS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

(UNAUDITED)

			Six Months Ended 

			June 30,

			2025

			2024

			Cash flows from operating activities:

			Net Loss

			$
			(865,000
			)
			 
			$
			(747,000
			)

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

			Amortization of operating lease right-of-use asset

			17,000

			11,000

			Income from investments in unconsolidated entities, net

			-

			(4,000
			)

			Changes in:

			Income taxes payable

			-

			(166,000
			)

			Other current assets

			(12,000
			)