2021 Q1 Form 10-Q Financial Statement

#000147793223006651 Filed on September 06, 2023

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q4 2020 Q1
Revenue $1.599K $15.28K
YoY Change -89.54%
Cost Of Revenue $5.848K $92.02K
YoY Change -93.65%
Gross Profit -$4.249K -$76.74K
YoY Change -94.46%
Gross Profit Margin -265.73% -502.13%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $0.00
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $370.2K $289.8K
YoY Change 27.76%
Operating Profit -$374.5K -$366.5K
YoY Change 2.17%
Interest Expense $23.31K $29.18K
YoY Change -20.12%
% of Operating Profit
Other Income/Expense, Net -$23.31K -$29.18K
YoY Change -20.12%
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$397.8K -$395.7K
YoY Change 0.52%
Net Earnings / Revenue -24876.49% -2589.16%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q1 2020 Q4 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $8.789K $252.00 $78.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $10.13K $10.13K
Prepaid Expenses $0.00
Receivables
Other Receivables
Total Short-Term Assets $18.92K $10.38K
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $49.49K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $18.92K $10.38K
Total Long-Term Assets $0.00 $0.00
Total Assets $18.92K $10.38K
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $619.0K $609.5K
YoY Change
Accrued Expenses $111.5K $107.0K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.483M $1.437M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $201.4K $201.4K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.483M $1.437M
Total Long-Term Liabilities $201.4K $201.4K
Total Liabilities $1.684M $1.639M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$4.119M -$3.721M
YoY Change
Common Stock $9.195K $8.472K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.665M -$1.628M -$1.235M
YoY Change
Total Liabilities & Shareholders Equity $18.92K $10.38K
YoY Change

Cashflow Statement

Concept 2021 Q1 2020 Q4 2020 Q1
OPERATING ACTIVITIES
Net Income -$397.8K -$395.7K
YoY Change 0.52%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$200.3K -$231.7K
YoY Change -13.56%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $208.8K $64.00K
YoY Change 226.25%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $208.8K $214.9K
YoY Change -2.83%
NET CHANGE
Cash From Operating Activities -$200.3K -$231.7K
Cash From Investing Activities $0.00 $0.00
Cash From Financing Activities $208.8K $214.9K
Net Change In Cash $8.537K -$16.81K
YoY Change -150.8%
FREE CASH FLOW
Cash From Operating Activities -$200.3K -$231.7K
Capital Expenditures
Free Cash Flow
YoY Change

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StockIssuedDuringPeriodShareIssuedForServices
3042000 shares
CY2021Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
152100 usd
CY2018Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
400000 shares
CY2018Q4 elite Note Original Debt Discount Amount
NoteOriginalDebtDiscountAmount
25500 usd
CY2018Q4 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
400000 shares
CY2018Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
45500 usd
CY2019 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
40250 usd
CY2020Q1 elite Debt Discount
DebtDiscount
0 usd
CY2021Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
22261 usd

Files In Submission

Name View Source Status
elite-20210331_cal.xml Edgar Link unprocessable
0001477932-23-006651-index-headers.html Edgar Link pending
0001477932-23-006651-index.html Edgar Link pending
0001477932-23-006651.txt Edgar Link pending
0001477932-23-006651-xbrl.zip Edgar Link pending
elite-20210331.xsd Edgar Link pending
elite_10q.htm Edgar Link pending
elite_10qimg5.jpg Edgar Link pending
elite_10qimg6.jpg Edgar Link pending
elite_ex311.htm Edgar Link pending
elite_ex312.htm Edgar Link pending
elite_ex321.htm Edgar Link pending
elite_ex322.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
elite-20210331_def.xml Edgar Link unprocessable
elite-20210331_lab.xml Edgar Link unprocessable
elite-20210331_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
elite_10q_htm.xml Edgar Link completed
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending