2022 Q4 Form 10-K Financial Statement

#000147793223006747 Filed on September 08, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $90.59K
YoY Change 1205.68%
Cost Of Revenue $126.6K
YoY Change 86.05%
Gross Profit -$36.00K
YoY Change -41.08%
Gross Profit Margin -39.74%
Selling, General & Admin $12.23K
YoY Change
% of Gross Profit
Research & Development $0.00
YoY Change
% of Gross Profit
Depreciation & Amortization $5.515K
YoY Change
% of Gross Profit
Operating Expenses $2.608M
YoY Change 226.93%
Operating Profit -$2.644M
YoY Change 207.86%
Interest Expense $114.7K
YoY Change 19.4%
% of Operating Profit
Other Income/Expense, Net -$108.7K
YoY Change 969.23%
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$2.752M
YoY Change 216.77%
Net Earnings / Revenue -3038.47%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $8.993K $1.801K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $178.0K $8.419K
Prepaid Expenses $1.951K $0.00
Receivables $25.20K $0.00
Other Receivables
Total Short-Term Assets $214.1K $10.22K
YoY Change 1995.39% -1.54%
LONG-TERM ASSETS
Property, Plant & Equipment $49.49K $0.00
YoY Change -100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $179.9K $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $214.1K $10.22K
Total Long-Term Assets $179.9K $0.00
Total Assets $394.0K $10.22K
YoY Change 3755.33% -1.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $629.1K $787.2K
YoY Change -20.08% 29.15%
Accrued Expenses $293.6K $199.5K
YoY Change 47.19% 86.44%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.008M $1.903M
YoY Change 5.48% 32.44%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $191.5K $95.49K
YoY Change 100.53% -52.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.008M $1.903M
Total Long-Term Liabilities $191.5K $95.49K
Total Liabilities $2.199M $1.999M
YoY Change 10.02% 22.0%
SHAREHOLDERS EQUITY
Retained Earnings -$7.342M -$4.590M
YoY Change 59.97% 23.35%
Common Stock $12.79K $15.90K
YoY Change -19.55% 87.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.805M -$1.989M
YoY Change
Total Liabilities & Shareholders Equity $394.0K $10.22K
YoY Change 3755.33% -1.54%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income -$2.752M
YoY Change 216.77%
Depreciation, Depletion And Amortization $5.515K
YoY Change
Cash From Operating Activities -$1.835M
YoY Change 434.68%
INVESTING ACTIVITIES
Capital Expenditures $55.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$55.00K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.821M
YoY Change 469.42%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.897M
YoY Change 450.31%
NET CHANGE
Cash From Operating Activities -$1.835M
Cash From Investing Activities -$55.00K
Cash From Financing Activities $1.897M
Net Change In Cash $7.192K
YoY Change 364.3%
FREE CASH FLOW
Cash From Operating Activities -$1.835M
Capital Expenditures $55.00K
Free Cash Flow -$1.890M
YoY Change 450.7%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001753681
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
465000000 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
98971300 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
127881300 shares
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
35000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
10000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
10000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
10000000 shares
CY2021Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
0 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
0 usd
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2021Q4 srt Bank Loans
BankLoans
95485 usd
CY2022Q1 us-gaap Amortization Of Advance Royalty
AmortizationOfAdvanceRoyalty
90000 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
787152 usd
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
130001300 shares
CY2022 dei Document Type
DocumentType
10-K
CY2022 dei Document Annual Report
DocumentAnnualReport
true
CY2022 dei Document Period End Date
DocumentPeriodEndDate
2022-12-31
CY2022 dei Document Transition Report
DocumentTransitionReport
false
CY2022 dei Entity File Number
EntityFileNumber
000-55987
CY2022 dei Entity Registrant Name
EntityRegistrantName
ELITE PERFORMANCE HOLDING CORP.
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
CY2022 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
82-5034226
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
3301 NE 1st Ave Suite M704
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
Miami
CY2022 dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
33137
CY2022 dei City Area Code
CityAreaCode
844
CY2022 dei Local Phone Number
LocalPhoneNumber
426-2958
CY2022 dei Security12g Title
Security12gTitle
Common Stock $0.0001 par value
CY2022 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2022 dei Entity Current Reporting Status
EntityCurrentReportingStatus
No
CY2022 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
No
CY2022 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022 dei Entity Small Business
EntitySmallBusiness
true
CY2022 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2022 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2023Q2 dei Entity Public Float
EntityPublicFloat
13000130 usd
CY2023Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
130001300 shares
CY2022 dei Auditor Firm
AuditorFirmId
2738
CY2022 dei Auditor Name
AuditorName
M&K CPAS, PLLC
CY2022 dei Auditor Location
AuditorLocation
Houston, TX
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
629079 usd
CY2022Q4 elite Accounts Payable Related Party Current
AccountsPayableRelatedPartyCurrent
409423 usd
CY2021Q4 elite Accounts Payable Related Party Current
AccountsPayableRelatedPartyCurrent
373849 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
293589 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
199458 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
17282 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0 usd
CY2022Q4 elite Discounts On Notes Payable
DiscountsOnNotesPayable
6188 usd
CY2021Q4 elite Discounts On Notes Payable
DiscountsOnNotesPayable
0 usd
CY2022Q4 us-gaap Notes Payable Current
NotesPayableCurrent
23128 usd
CY2021Q4 us-gaap Notes Payable Current
NotesPayableCurrent
0 usd
CY2022Q4 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
90000 usd
CY2021Q4 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
0 usd
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
545250 usd
CY2021Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
543004 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2007751 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1903463 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
95993 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 usd
CY2022Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
95485 usd
CY2021Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
95485 usd
CY2022Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
191478 usd
CY2021Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
95485 usd
CY2022Q4 us-gaap Liabilities
Liabilities
2199229 usd
CY2021Q4 us-gaap Liabilities
Liabilities
1998948 usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 usd
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 usd
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
35000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
10000000 shares
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
1000 usd
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
1000 usd
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
465000000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
127881300 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
98971300 shares
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
12788 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
9896 usd
CY2022Q4 elite Shares To Be Issued
SharesToBeIssued
50000 usd
CY2021Q4 elite Shares To Be Issued
SharesToBeIssued
5000 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5473417 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
2585308 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-7342419 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-4589932 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-1805214 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-1988728 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
394015 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
10220 usd
CY2021 us-gaap Revenues
Revenues
6938 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
2607834 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
797665 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-2643832 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-858765 usd
CY2022 elite Gain On Forgiveness Of Ppp Loan
GainOnForgivenessOfPppLoan
0 usd
CY2021 elite Gain On Forgiveness Of Ppp Loan
GainOnForgivenessOfPppLoan
105867 usd
CY2022 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
0 usd
CY2021 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-20000 usd
CY2022 elite Gain On Debt Forgiveness
GainOnDebtForgiveness
6000 usd
CY2021 elite Gain On Debt Forgiveness
GainOnDebtForgiveness
0 usd
CY2022 us-gaap Interest Expense
InterestExpense
114655 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-108655 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-2752487 usd
CY2022 elite Basic And Diluted Net Loss Per Common Share
BasicAndDilutedNetLossPerCommonShare
-0.02
CY2021 elite Basic And Diluted Net Loss Per Common Share
BasicAndDilutedNetLossPerCommonShare
-0.01
CY2022 elite Basic And Diluted Weighted Average Number Of Common Shares Outstanding
BasicAndDilutedWeightedAverageNumberOfCommonSharesOutstanding
112815779 shares
CY2021 elite Basic And Diluted Weighted Average Number Of Common Shares Outstanding
BasicAndDilutedWeightedAverageNumberOfCommonSharesOutstanding
95357059 shares
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-1628148 usd
CY2021 elite Shares Issued For Subscriptions Amount
SharesIssuedForSubscriptionsAmount
208800 usd
CY2021 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
160547 usd
CY2021 elite Shares Issued For License From To Be Issued Amount
SharesIssuedForLicenseFromToBeIssuedAmount
0 usd
CY2021 elite Shares Issued For Patents Amount
SharesIssuedForPatentsAmount
20000 usd
CY2021 elite Shares Issued For Licensing Agreement Amount
SharesIssuedForLicensingAgreementAmount
0 usd
CY2021 elite Shares Issued For Commitment Fee Amount
SharesIssuedForCommitmentFeeAmount
3000 usd
CY2021 elite Reg D Subscriptions Amount
RegDSubscriptionsAmount
111000 usd
CY2021 elite Shares To Be Issued For Liability Settlement
SharesToBeIssuedForLiabilitySettlement
5000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-868927 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-1988728 usd
CY2022 elite Reg D Subscriptions Amount
RegDSubscriptionsAmount
1811001 usd
CY2022 elite Shares Issued For Settlement Of Accounts Payable Amount
SharesIssuedForSettlementOfAccountsPayableAmount
278000 usd
CY2022 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
835000 usd
CY2022 elite Shares Issued In Connection With Convertible Debt Amount
SharesIssuedInConnectionWithConvertibleDebtAmount
2000 usd
CY2022 elite Shares To Be Issued For Reg D Subscriptions
SharesToBeIssuedForRegDSubscriptions
10000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-2752487 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-1805214 usd
CY2022 us-gaap Profit Loss
ProfitLoss
2752487 usd
CY2021 us-gaap Profit Loss
ProfitLoss
868927 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
9559 usd
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3053 usd
CY2022 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
835000 usd
CY2021 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
160547 usd
CY2022 elite Shares Issued In Connection With Convertible Debt
SharesIssuedInConnectionWithConvertibleDebt
2000 usd
CY2021 elite Shares Issued In Connection With Convertible Debt
SharesIssuedInConnectionWithConvertibleDebt
0 usd
CY2022 elite Gain On Debt Forgiveness
GainOnDebtForgiveness
6000 usd
CY2021 elite Gain On Debt Forgiveness
GainOnDebtForgiveness
0 usd
CY2022 us-gaap Depreciation
Depreciation
5515 usd
CY2021 us-gaap Depreciation
Depreciation
0 usd
CY2022 elite Impairment Of Licensing Agreement
ImpairmentOfLicensingAgreement
0 usd
CY2021 elite Impairment Of Licensing Agreement
ImpairmentOfLicensingAgreement
20000 usd
CY2022 elite Gain On Forgiveness Of Ppp Loan
GainOnForgivenessOfPppLoan
0 usd
CY2021 elite Gain On Forgiveness Of Ppp Loan
GainOnForgivenessOfPppLoan
105867 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
25202 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
0 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
169584 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1709 usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1951 usd
CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
0 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-12230 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
0 usd
CY2022 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
95574 usd
CY2021 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
151111 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
160058 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
295123 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1835288 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-343251 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
55000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
0 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-55000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 usd
CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
CY2021 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
25000 usd
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
50460 usd
CY2021 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
24000 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
34645 usd
CY2021 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
24000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
29336 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 usd
CY2022 elite Proceeds From Advances
ProceedsFromAdvances
90000 usd
CY2021 elite Proceeds From Advances
ProceedsFromAdvances
0 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1821001 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
319800 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1897480 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
344800 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
7192 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1549 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1801 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
252 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8993 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1801 usd
CY2022 us-gaap Interest Paid
InterestPaid
5832 usd
CY2021 us-gaap Interest Paid
InterestPaid
0 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2022 elite Shares Issued For Commitment Fees
SharesIssuedForCommitmentFees
0 usd
CY2021 elite Shares Issued For Commitment Fees
SharesIssuedForCommitmentFees
3000 usd
CY2022 elite Shares Issued For Sub Licensing Contract
SharesIssuedForSubLicensingContract
0 usd
CY2021 elite Shares Issued For Sub Licensing Contract
SharesIssuedForSubLicensingContract
500 usd
CY2022 elite Shares Issued For Patents
SharesIssuedForPatents
0 usd
CY2021 elite Shares Issued For Patents
SharesIssuedForPatents
20000 usd
CY2022 elite Convertible Note Issued For Accounts Payable
ConvertibleNoteIssuedForAccountsPayable
0 usd
CY2021 elite Convertible Note Issued For Accounts Payable
ConvertibleNoteIssuedForAccountsPayable
20000 usd
CY2022 elite Shares Issued For Stock Payable
SharesIssuedForStockPayable
0 usd
CY2021 elite Shares Issued For Stock Payable
SharesIssuedForStockPayable
13803 usd
CY2022 elite Shares Issued And To Be Issued For Payment Of Accounts Payable
SharesIssuedAndToBeIssuedForPaymentOfAccountsPayable
278000 usd
CY2021 elite Shares Issued And To Be Issued For Payment Of Accounts Payable
SharesIssuedAndToBeIssuedForPaymentOfAccountsPayable
5000 usd
CY2022 elite Recognition Of Lease Asset And Lease Liability
RecognitionOfLeaseAssetAndLeaseLiability
142613 usd
CY2021 elite Recognition Of Lease Asset And Lease Liability
RecognitionOfLeaseAssetAndLeaseLiability
0 usd
CY2022Q4 us-gaap Retained Earnings Unappropriated
RetainedEarningsUnappropriated
-7359525 usd
CY2022Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
0 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.35 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.21 pure
CY2022Q4 us-gaap Inventory Net
InventoryNet
178003 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
8419 usd
CY2022Q4 us-gaap Convertible Debt
ConvertibleDebt
545250 usd
CY2022Q4 elite Accrued Interest
AccruedInterest
259971 usd
CY2022 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
16104420 shares
CY2021Q4 us-gaap Convertible Debt
ConvertibleDebt
545250 usd
CY2021Q4 elite Accrued Interest
AccruedInterest
158914 usd
CY2021 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
14083283 shares
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
0 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
CY2022 us-gaap Revenues
Revenues
90588 usd
CY2021 us-gaap Revenues
Revenues
6938 usd
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
49485 usd
CY2022 us-gaap Depreciation
Depreciation
5515 usd
CY2021 us-gaap Depreciation
Depreciation
0 usd
CY2022 elite Property Plant And Equipments Useful Life
PropertyPlantAndEquipmentsUsefulLife
P5Y
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
465000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022 elite Description Of Shares Registered In The S1 Registration Statement
DescriptionOfSharesRegisteredInTheS1RegistrationStatement
the Company has raised $1,250,000 (25,000,000 shares issued) through a registered offering for $1,250,000 which was registered with the SEC through an S1 registration statement which went effective on April 23, 2019.
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
35000000 shares
CY2020Q2 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
201352 usd
CY2020Q2 elite Interest Rates
InterestRates
0.0098 pure
CY2020Q2 us-gaap Derivative Maturity Dates
DerivativeMaturityDates
2022-04-23
CY2021Q3 us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
105867 usd
CY2022Q4 srt Bank Loans
BankLoans
95485 usd
CY2022Q2 us-gaap Amortization Of Advance Royalty
AmortizationOfAdvanceRoyalty
90000 usd
CY2022 elite Paid Back For Advance Payment
PaidBackForAdvancePayment
P12M
CY2022Q4 us-gaap Notes Payable
NotesPayable
29316 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
6188 usd
CY2022Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
23128 usd
CY2022 us-gaap Interest Expense Other
InterestExpenseOther
955 usd
CY2022 elite Ppp Loan
PppLoan
101510 usd
CY2021Q3 elite Ppp Loan
PppLoan
95525 usd
CY2021Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
0 usd
elite Concentration Risk Percentage From Online Sales
ConcentrationRiskPercentageFromOnlineSales
0.98 pure
CY2022Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
25202 usd
CY2022 elite Concentration Risk Percentage From Online Sales
ConcentrationRiskPercentageFromOnlineSales
0.23 pure
CY2022Q4 us-gaap Inventory Net
InventoryNet
178003 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
46740 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
131263 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
8419 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
8419 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
0 usd
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
130001300 shares
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
7342000 usd
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
4590000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1542000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
964000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1542000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
964000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1542000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
964000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1542000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
964000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
20000 usd

Files In Submission

Name View Source Status
0001477932-23-006747-index-headers.html Edgar Link pending
0001477932-23-006747-index.html Edgar Link pending
0001477932-23-006747.txt Edgar Link pending
0001477932-23-006747-xbrl.zip Edgar Link pending
elite-20221231.xsd Edgar Link pending
elite_10k.htm Edgar Link pending
elite_10kimg3.jpg Edgar Link pending
elite_10kimg4.jpg Edgar Link pending
elite_ex311.htm Edgar Link pending
elite_ex312.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
elite-20221231_def.xml Edgar Link unprocessable
elite-20221231_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
elite_10k_htm.xml Edgar Link completed
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R5.htm Edgar Link pending
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
elite-20221231_cal.xml Edgar Link unprocessable
elite-20221231_lab.xml Edgar Link unprocessable