Elite Express Holding Inc.
For the period ended Feb 28, 2026. Filed Apr 13, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Feb 28, 2026 · Filed Apr 13, 2026
ETS$1.49-3.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows (Unaudited)
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| | | | | | | |
|---|---|---|---|---|---|---|
| · · For the Three Months Ended | ||||||
| · · February 28, | ||||||
| · · 2026 · · 2025 | ||||||
| Cash flows from operating activities: · · · · · | ||||||
| Net loss | | $(110,104) | | $(204,999) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Amortization of intangible assets | | 13,800 | | 13,800 | ||
| Depreciation of plant and equipment | | 2,728 | | 48,368 | ||
| Accrued interest income | | | (199,830) | | | — |
| Deferred tax benefit | | — | | (106,698) | ||
| Accrued current income tax expense | | 1,600 | | — | ||
| Changes in operating assets and liabilities: | | | | | ||
| (Decrease) increase in accounts receivable | | (11,829) | | 8,242 | ||
| Decrease in prepaid D&O insurance | | 35,549 | | — | ||
| Increase in prepaid expenses and other current assets | | (770,211) | | (187,394) | ||
| (Decrease) increase in accounts payable | | 17,707 | | (2,727) | ||
| (Decrease) increase in other payables and other current liabilities | | | (228,049) | | | 134,317 |
| Net cash used in operating activities | | (1,248,639) | | (297,091) | ||
| Cash flows from investing activities: | | | | | ||
| Purchase of plant and equipment | | (6,418) | | — | ||
| Repayments from loans to non-related companies | | | 50,000 | | | — |
| Net cash provided by investing activities | | 43,582 | | — | ||
| Cash flows from financing activities: | | | | | ||
| Capital contributions from stockholders | | — | | 300,000 | ||
| Repayment of borrowings from related parties | | — | | (5,000) | ||
| Repayment to premium finance | | (35,407) | | — | ||
| Net cash provided by (used in) financing activities | | (35,407) | | 295,000 | ||
| | | | | | | |
| Net decrease in cash | | (1,240,464) | | (2,091) | ||
| Cash, beginning of period | | 1,308,529 | | 170,157 | ||
| Cash, end of period | | $68,065 | | $168,066 | ||
| | | | | | | |
| Supplemental cash flow information | | | | | ||
| Cash paid for interest | | | 1,097 | | | — |
ELITE EXPRESS HOLDING INC. (SUCCESSOR) AND JAR TRANSPORTATION INC (PREDECESSOR)
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