Elite Express Holding Inc.
For the period ended May 31, 2026. Filed Jul 14, 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.
May 31, 2026 · Filed Jul 14, 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 Six Months Ended | ||||||
| · · May 31, | ||||||
| · · 2026 · · 2025 | ||||||
| Cash flows from operating activities: · · · · · | ||||||
| Net loss | | $(2,643,046) | | $(312,603) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Amortization of intangible assets | | 27,600 | | 27,600 | ||
| Depreciation of plant and equipment | | 22,672 | | 96,736 | ||
| Plant and equipment written off | | | 9,340 | | | — |
| Accrued interest income | | | (425,382) | | | — |
| Deferred tax (benefit) | | — | | (106,698) | ||
| Accrued current income tax expense | | (1,600) | | 800 | ||
| Changes in operating assets and liabilities: | | | | | ||
| Decrease in accounts receivable | | 13,906 | | 7,642 | ||
| Decrease in prepaid D&O insurance | | 71,098 | | — | ||
| (Decrease) increase in prepaid expenses and other current assets | | (1,225,300) | | 89,860 | ||
| (Decrease) increase in accounts payable | | 5,429 | | (92) | ||
| Decrease in other payables and other current liabilities | | | (199,367) | | | (97,297) |
| Net cash used in operating activities | | (4,344,650) | | (294,052) | ||
| Cash flows from investing activities: | | | | | ||
| Purchase of property and equipment | | (6,418) | | — | ||
| Repayments from loans to non-related companies | | | 350,000 | | | — |
| Net cash provided by investing activities | | 343,582 | | — | ||
| Cash flows from financing activities: | | | | | ||
| Proceeds from issuance of common stock under private placement agreement | | 8,000,000 | | — | ||
| Payment for deferred listing cost | | — | | (296,078) | ||
| Repayments made to a related party | | — | | (5,000) | ||
| Capital contributions from a shareholder | | — | | 480,000 | ||
| Repayment to premium finance | | (71,470) | | — | ||
| Net cash provided by financing activities | | 7,928,530 | | 178,922 | ||
| | | | | | | |
| Net increase (decrease) in cash | | 3,927,462 | | (115,130) | ||
| Cash, beginning of period | | 1,308,529 | | 170,157 | ||
| Cash, end of period | | $5,235,991 | | $55,027 | ||
| | | | | | | |
| Supplemental cash flow information | | | | | ||
| Cash paid for interest | | | 10,549 | | | — |
ELITE EXPRESS HOLDING INC. (SUCCESSOR) AND JAR TRANSPORTATION INC (PREDECESSOR)
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