2024 Q2 Form 10-K Financial Statement

#000147793224002748 Filed on May 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $611.00 $40.21K
YoY Change -96.36% -55.61%
Cost Of Revenue $5.560K $155.8K
YoY Change -62.81% 23.08%
Gross Profit -$4.949K -$113.2K
YoY Change -367.66% 214.56%
Gross Profit Margin -809.98% -281.61%
Selling, General & Admin $23.41K
YoY Change 91.38%
% of Gross Profit
Research & Development $0.00
YoY Change
% of Gross Profit
Depreciation & Amortization $11.00K
YoY Change 99.47%
% of Gross Profit
Operating Expenses $182.1K $1.199M
YoY Change -46.34% -54.04%
Operating Profit -$187.0K -$1.312M
YoY Change -44.58% -50.38%
Interest Expense $47.89K $148.7K
YoY Change 34.38% 29.66%
% of Operating Profit
Other Income/Expense, Net -$47.89K -$161.3K
YoY Change 34.38% 48.48%
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$235.0K -$1.448M
YoY Change -37.01% -47.4%
Net Earnings / Revenue -38463.5% -3600.52%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 106.4M shares 130.3M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $22.00 $52.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $25.76K $30.80K
Prepaid Expenses $14.07K $0.00
Receivables $0.00
Other Receivables
Total Short-Term Assets $39.85K $30.85K
YoY Change -82.0% -85.59%
LONG-TERM ASSETS
Property, Plant & Equipment $33.00K $38.48K
YoY Change -25.05% -22.23%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $122.8K $139.9K
YoY Change -24.34% -22.23%
TOTAL ASSETS
Total Short-Term Assets $39.85K $30.85K
Total Long-Term Assets $122.8K $139.9K
Total Assets $162.6K $170.7K
YoY Change -57.61% -56.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $897.9K $879.9K
YoY Change 24.63% 39.88%
Accrued Expenses $253.1K $397.1K
YoY Change -26.45% 35.26%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.006M $2.965M
YoY Change 16.96% 47.66%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $172.4K
YoY Change -9.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.006M $2.965M
Total Long-Term Liabilities $172.4K
Total Liabilities $3.168M $3.137M
YoY Change 15.11% 42.65%
SHAREHOLDERS EQUITY
Retained Earnings -$9.522M -$8.790M
YoY Change 17.85% 19.72%
Common Stock $12.68K $13.04K
YoY Change -1.98% 1.97%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.005M -$2.966M
YoY Change
Total Liabilities & Shareholders Equity $162.6K $170.7K
YoY Change -57.61% -56.67%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$235.0K -$1.448M
YoY Change -37.01% -47.4%
Depreciation, Depletion And Amortization $11.00K
YoY Change 99.47%
Cash From Operating Activities -$473.6K
YoY Change -74.19%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $464.7K
YoY Change -75.51%
NET CHANGE
Cash From Operating Activities -$473.6K
Cash From Investing Activities $0.00
Cash From Financing Activities $464.7K
Net Change In Cash -$8.941K
YoY Change -224.32%
FREE CASH FLOW
Cash From Operating Activities -$473.6K
Capital Expenditures $0.00
Free Cash Flow -$473.6K
YoY Change -74.94%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
25202 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
30802 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
879943 usd
CY2023Q4 elite Accounts Payable And Accrued Expenses Related Party
AccountsPayableAndAccruedExpensesRelatedParty
633314 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
293589 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
17282 usd
CY2022Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
6188 usd
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
545250 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2007751 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
95993 usd
CY2022Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
95485 usd
CY2022Q4 us-gaap Liabilities
Liabilities
2199229 usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 usd
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
1000 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
12788 usd
CY2022Q4 elite Shares To Be Issued
SharesToBeIssued
50000 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5473417 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-7342419 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-1805214 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
394015 usd
CY2023 us-gaap Revenues
Revenues
40210 usd
CY2022 us-gaap Revenues
Revenues
90588 usd
CY2023 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
155804 usd
CY2022 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
126586 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
0 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
38484 usd
CY2023 us-gaap Interest Expense
InterestExpense
148662 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-161334 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-1447769 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8993 usd
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
472266 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
645468 usd
CY2023 us-gaap Operating Expenses
OperatingExpenses
1198545 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
-1311780 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-2643832 usd
CY2022 us-gaap Interest Expense
InterestExpense
114655 usd
CY2023 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
33137
CY2023 dei City Area Code
CityAreaCode
844
CY2023 dei Local Phone Number
LocalPhoneNumber
426-2958
CY2023 dei Security12g Title
Security12gTitle
Common Stock $0.0001 par value
CY2023 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001753681
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023 dei Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
false
CY2023 dei Entity File Number
EntityFileNumber
000-55987
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
465000000 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
127881300 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
130397500 shares
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
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
10000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
10000000 shares
CY2022Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
0 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
0 usd
CY2023 dei Document Type
DocumentType
10-K
CY2023 dei Document Annual Report
DocumentAnnualReport
true
CY2023 dei Document Period End Date
DocumentPeriodEndDate
2023-12-31
CY2023 dei Document Transition Report
DocumentTransitionReport
false
CY2023 dei Entity Registrant Name
EntityRegistrantName
Elite Performance Holding Corp.
CY2023 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
CY2023 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
82-5034226
CY2023 dei Entity Address Address Line1
EntityAddressAddressLine1
3301 NE 1st Ave Suite M704
CY2023 dei Entity Address City Or Town
EntityAddressCityOrTown
Miami
CY2023 dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
CY2023 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2023 dei Entity Current Reporting Status
EntityCurrentReportingStatus
No
CY2023 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
No
CY2023 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2023 dei Entity Small Business
EntitySmallBusiness
true
CY2023 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2023 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2023 dei Entity Shell Company
EntityShellCompany
false
CY2023Q2 dei Entity Public Float
EntityPublicFloat
10251130 usd
CY2024Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
106397550 shares
CY2023 dei Auditor Firm
AuditorFirmId
2738
CY2023 dei Auditor Name
AuditorName
M&K CPAS, PLLC
CY2023 dei Auditor Location
AuditorLocation
The Woodlands, Texas
CY2022Q4 us-gaap Inventory Net
InventoryNet
178003 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
0 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1951 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
30854 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
214149 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
49485 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
101400 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
130381 usd
CY2023Q4 us-gaap Assets
Assets
170738 usd
CY2022Q4 us-gaap Assets
Assets
394015 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
629079 usd
CY2022Q4 elite Accounts Payable And Accrued Expenses Related Party
AccountsPayableAndAccruedExpensesRelatedParty
409423 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
397112 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
19064 usd
CY2023Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
0 usd
CY2023Q4 us-gaap Notes Payable Current
NotesPayableCurrent
0 usd
CY2022Q4 us-gaap Notes Payable Current
NotesPayableCurrent
23128 usd
CY2023Q4 elite Advance From Customer Current
AdvanceFromCustomerCurrent
215000 usd
CY2022Q4 elite Advance From Customer Current
AdvanceFromCustomerCurrent
90000 usd
CY2023Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
820250 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2964683 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
76930 usd
CY2023Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
95485 usd
CY2023Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
172415 usd
CY2022Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
191478 usd
CY2023Q4 us-gaap Liabilities
Liabilities
3137098 usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 usd
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
1000 usd
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
130397500 shares
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
13040 usd
CY2023Q4 elite Shares To Be Issued
SharesToBeIssued
50000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5759788 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-8790188 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-2966360 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
170738 usd
CY2023 elite Revenues Related Parties
RevenuesRelatedParties
2359 usd
CY2022 elite Revenues Related Parties
RevenuesRelatedParties
0 usd
CY2023 us-gaap Gross Profit
GrossProfit
-113235 usd
CY2022 us-gaap Gross Profit
GrossProfit
-35998 usd
CY2023 us-gaap Legal Fees
LegalFees
228886 usd
CY2022 us-gaap Legal Fees
LegalFees
283805 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
2607834 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
6000 usd
CY2023 us-gaap Other Income
OtherIncome
12673 usd
CY2022 us-gaap Other Income
OtherIncome
0 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-108655 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-2752487 usd
CY2023 elite Earnings Per Share Basic And Diluted Net Loss Per Common Share
EarningsPerShareBasicAndDilutedNetLossPerCommonShare
-0.01
CY2022 elite Earnings Per Share Basic And Diluted Net Loss Per Common Share
EarningsPerShareBasicAndDilutedNetLossPerCommonShare
-0.02
CY2023 elite Weighted Average Number Of Common Share Outstanding Basic And Diluted
WeightedAverageNumberOfCommonShareOutstandingBasicAndDiluted
129334725 shares
CY2022 elite Weighted Average Number Of Common Share Outstanding Basic And Diluted
WeightedAverageNumberOfCommonShareOutstandingBasicAndDiluted
112815779 shares
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 elite Shares Issued For Services Amount
SharesIssuedForServicesAmount
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
CY2023 elite Shares To Be Issued For Reg D Subscriptions Amount
SharesToBeIssuedForRegDSubscriptionsAmount
73000 usd
CY2023 elite Shares Issued For Services Amount
SharesIssuedForServicesAmount
157000 usd
CY2023 elite Shares Issued In Connection With Convertible Debt Amount
SharesIssuedInConnectionWithConvertibleDebtAmount
55000 usd
CY2023 elite Shares Issued As Debt Issuance Cost Amount
SharesIssuedAsDebtIssuanceCostAmount
1623 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-1447769 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-2966360 usd
CY2023 us-gaap Profit Loss
ProfitLoss
-1447769 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-2752487 usd
CY2023 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
25513 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
9559 usd
CY2023 elite Shares Issued And To Be Issued For Services
SharesIssuedAndToBeIssuedForServices
-157000 usd
CY2022 elite Shares Issued And To Be Issued For Services
SharesIssuedAndToBeIssuedForServices
-835000 usd
CY2023 elite Adjustments To Convertible Debt With Conversion Feature
AdjustmentsToConvertibleDebtWithConversionFeature
0 usd
CY2022 elite Adjustments To Convertible Debt With Conversion Feature
AdjustmentsToConvertibleDebtWithConversionFeature
-2000 usd
CY2023 elite Loss On Inventory Write Down
LossOnInventoryWriteDown
111368 usd
CY2022 elite Loss On Inventory Write Down
LossOnInventoryWriteDown
0 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
6000 usd
CY2023 us-gaap Depreciation
Depreciation
11001 usd
CY2022 us-gaap Depreciation
Depreciation
5515 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-25202 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
25202 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-258569 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
169584 usd
CY2023 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-1951 usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1951 usd
CY2023 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-28981 usd
CY2022 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-12230 usd
CY2023 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
443391 usd
CY2022 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
95574 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
133888 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
160058 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-473641 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1835288 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
0 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
55000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-55000 usd
CY2023 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
330000 usd
CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
CY2023 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
98500 usd
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
50460 usd
CY2023 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
145516 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
34645 usd
CY2023 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
998 usd
CY2023 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
73000 usd
CY2022 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
0 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
17282 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
29336 usd
CY2023 elite Proceeds From Advances
ProceedsFromAdvances
125000 usd
CY2022 elite Proceeds From Advances
ProceedsFromAdvances
90000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1821001 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
464700 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1897480 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-8941 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
7192 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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8993 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
27707 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
12842 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2023 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
55000 usd
CY2022 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 usd
CY2023 elite Shares Issued As Debt Issuance Cost
SharesIssuedAsDebtIssuanceCost
1623 usd
CY2022 elite Shares Issued As Debt Issuance Cost
SharesIssuedAsDebtIssuanceCost
0 usd
CY2023 elite Shares Issued And To Be Issued For Payment Of Accounts Payable
SharesIssuedAndToBeIssuedForPaymentOfAccountsPayable
0 usd
CY2022 elite Shares Issued And To Be Issued For Payment Of Accounts Payable
SharesIssuedAndToBeIssuedForPaymentOfAccountsPayable
140000 usd
CY2023 elite Recognition Of Lease Asset And Lease Liability
RecognitionOfLeaseAssetAndLeaseLiability
0 usd
CY2022 elite Recognition Of Lease Asset And Lease Liability
RecognitionOfLeaseAssetAndLeaseLiability
121301 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-8790188 usd
CY2023 us-gaap Basis Of Accounting
BasisOfAccounting
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The consolidated financial statements include the operations of the Company and its wholly-owned subsidiary, Elite Beverage International Corp.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">All significant intercompany accounts and transactions have been eliminated in consolidation.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company’s consolidated financial statements are prepared using the accrual method of accounting and are presented in accordance with U.S. Generally Accepted Accounting Principles (GAAP). The Company has elected a calendar year-end. </p>
CY2023Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
0 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
25202 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
0 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
111000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
30802 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
178003 usd
CY2023Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
0 usd
CY2022Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
1951 usd
CY2023Q4 us-gaap Convertible Debt
ConvertibleDebt
820250 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
368881 usd
CY2023 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
19154465 shares
CY2022Q4 us-gaap Convertible Debt
ConvertibleDebt
545250 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
259971 usd
CY2022 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
16104420 shares
CY2023 us-gaap Advertising Expense
AdvertisingExpense
65169 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
310767 usd
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
0 usd
CY2023 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 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>
CY2023 elite Total Revenues
TotalRevenues
42569 usd
CY2022 elite Total Revenues
TotalRevenues
90588 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
8789000 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
7342000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1846000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1542000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1846000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1542000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1846000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1542000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1846000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1542000 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2023 elite Revenues Related Parties
RevenuesRelatedParties
2359 usd
CY2022 elite Revenues Related Parties
RevenuesRelatedParties
0 usd
CY2023 us-gaap Related Party Transaction Description Of Transaction
RelatedPartyTransactionDescriptionOfTransaction
2023, Joey Firestone’s mother purchased $2016.00 of products and Jon McKenzie’s wife purchased $343.00 of the Company’s product
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
142613 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
142613 usd
CY2023 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
23410 usd
CY2022 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
12232 usd
CY2023 us-gaap Interest And Debt Expense
InterestAndDebtExpense
10007 usd
CY2022 us-gaap Interest And Debt Expense
InterestAndDebtExpense
5832 usd
CY2023Q4 us-gaap Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
130397550 shares
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
55000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16516 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
38484 usd
CY2023 us-gaap Depreciation
Depreciation
11001 usd
CY2022 us-gaap Depreciation
Depreciation
5515 usd
CY2023 elite Property Plant And Equipment Estimated Useful Life
PropertyPlantAndEquipmentEstimatedUsefulLife
P5Y
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
465000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023 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
CY2023 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
40000 shares
CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
10000 usd
CY2023Q4 us-gaap Share Price
SharePrice
0.25
CY2023 us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
10000 usd
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
35000000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
10000000 shares
CY2017Q4 elite Preferred Stock Designated Value
PreferredStockDesignatedValue
1000 usd
CY2020Q2 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
201352 usd
CY2023 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
3826 usd
CY2022 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
2871 usd
CY2023 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
90000 usd
CY2021 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
75000 usd
CY2023Q4 elite Balances Of Advances
BalancesOfAdvances
215000 usd
CY2022Q4 elite Balances Of Advances
BalancesOfAdvances
140000 usd
CY2023 elite Interest Expense Including Discount Amortization
InterestExpenseIncludingDiscountAmortization
148037 usd
CY2022 elite Interest Expense Including Discount Amortization
InterestExpenseIncludingDiscountAmortization
114655 usd
CY2023Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
0 usd
CY2023 elite Concentration Risk Percentage From Online Sales
ConcentrationRiskPercentageFromOnlineSales
0.32 pure
CY2022Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
25202 usd
CY2022 elite Concentration Risk Percentage From Online Sales
ConcentrationRiskPercentageFromOnlineSales
0.23 pure
CY2023Q4 us-gaap Inventory Net
InventoryNet
30802 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
30802 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
0 usd
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
CY2023 us-gaap Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
0.07 pure
CY2023 elite Royalty Fees Income
RoyaltyFeesIncome
11735 usd

Files In Submission

Name View Source Status
0001477932-24-002748-index-headers.html Edgar Link pending
0001477932-24-002748-index.html Edgar Link pending
0001477932-24-002748.txt Edgar Link pending
0001477932-24-002748-xbrl.zip Edgar Link pending
elite-20231231.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
elite_ex321.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
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
elite-20231231_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
elite_10k_htm.xml Edgar Link completed
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
R42.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-20231231_cal.xml Edgar Link unprocessable
elite-20231231_def.xml Edgar Link unprocessable
elite-20231231_lab.xml Edgar Link unprocessable