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
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations (Unaudited)
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| | | | | | | |
|---|---|---|---|---|---|---|
| · · For the Three Months Ended | ||||||
| · · February 28, | ||||||
| · · 2026 · · 2025 | ||||||
| REVENUE | | $805,298 | | $692,143 | ||
| | | | | | | |
| COST OF REVENUE | | | | | ||
| Cost of service | | 91,255 | | 70,159 | ||
| Cost of labor | | 386,961 | | 390,808 | ||
| Depreciation and amortization | | 16,528 | | 62,168 | ||
| Fuel | | 105,109 | | 107,913 | ||
| Maintenance and repairs | | 48,080 | | 93,502 | ||
| Total cost of revenue | | 647,933 | | 724,550 | ||
| | | | | | | |
| GROSS PROFIT (LOSS) | | 157,365 | | (32,407) | ||
| | | | | | | |
| OPERATING EXPENSES | | | | | ||
| General and administrative expenses | | 464,606 | | 283,619 | ||
| Total operating expenses | | 464,606 | | 283,619 | ||
| | | | | | | |
| LOSS FROM OPERATIONS | | (307,241) | | (316,026) | ||
| | | | | | | |
| OTHER INCOME | | | | | ||
| Interest income, net | | 198,737 | | — | ||
| Other income, net | | — | | 4,729 | ||
| Total other income, net | | 198,737 | | 4,729 | ||
| | | | | | | |
| LOSS BEFORE INCOME TAX PROVISION (BENEFIT) | | (108,504) | | (311,297) | ||
| | | | | | | |
| Income tax expense (benefit) | | 1,600 | | (106,298) | ||
| | | | | | | |
| NET LOSS | | $(110,104) | | $(204,999) | ||
| | | | | | | |
| Loss per common share - basic and diluted | | $(0.01) | | $(0.02) | ||
| Weighted average shares - basic and diluted* | | 16,716,672 | | 16,916,667 | ||
*Retrospectively adjusted for the reverse split of the Company’s common stock at a ratio of 1-for-6, which took effect on December 23, 2024 (the “Reverse Stock Split”). See Note 12.
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements
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