Company: EHSI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001437749-25-026553
Chunk: 14

Company: Elite Health Systems Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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19,000

			$
			47,000

			Total lease liabilities

			$
			55,000

			$
			75,000

			Lease Cost

			Operating lease cost

			Selling, general and administrative

			$
			17,000

			$
			23,000

			Net lease expense

			$
			17,000

			$
			23,000

			Maturity of lease liabilities (as of June 30, 2025)

			Operating lease

			2025

			$
			19,000

			2026

			38,000

			Total

			$
			57,000

			Less amount representing interest

			2,000

			Present value of lease liabilities

			$
			55,000

			Discount rate

			4.140
			%

11

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 building in West Boca, Florida in which BOP operates. BOP occupies 6,000 square feet of the 32,000 square foot building. The Company invested $32,000 initially and had a 22.5% interest in BOP and BOPRE. In February 2014, the Company and other members sold their interests in BOP.

In September 2024, the Company sold its interest in BOPRE to the remaining members for $1,210,840, resulting in a gain of $97,000 during the quarter ended September 30, 2024

The following tables present the summarized financial information of BOPRE:

BOPRE Condensed Income Statement Information

			Six Months Ended

			June 30,

			2025

			2024

			Rental Income

			$
			-

			$
			-

			Net income

			$
			-

			$
			17,000

			EHSH