Elite Express Holding Inc.
For the period ended Aug 31, 2026. Filed Oct 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.
Aug 31, 2026 · Filed Oct 14, 2026
ETS$1.49-3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| · · For the Nine Months Ended | ||||||
|---|---|---|---|---|---|---|
| · · August 31, | ||||||
| · · 2026 · · 2025 | ||||||
| Cash flows from operating activities: · · · · · | ||||||
| Net loss | | $(3,403,184) | | $(498,484) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Amortization of intangible assets | | 41,400 | | 41,400 | ||
| Depreciation of plant and equipment | | 39,144 | | 147,268 | ||
| Plant and equipment written off | | | 9,340 | | | — |
| Accrued interest income | | | (160,729) | | | — |
| Deferred tax (benefit) | | — | | (64,152) | ||
| Changes in operating assets and liabilities: | | | | | ||
| (Decrease) increase in accounts receivable | | (3,992) | | 1,045 | ||
| Increase in prepaid D&O insurance | | (35,258) | | (137,993) | ||
| (Decrease) increase in prepaid expenses and other current assets | | (1,065,788) | | 50,495 | ||
| (Decrease) increase in accounts payable | | 11,212 | | (1,845) | ||
| Decrease in other payables and other current liabilities | | | (172,403) | | | (177,944) |
| Decrease in taxes payable | | | (1,600) | | | — |
| Net cash used in operating activities | | (4,741,858) | | (640,210) | ||
| Cash flows from investing activities: | | | | | ||
| Purchase of property and equipment | | (6,418) | | (79,908) | ||
| Repayments of loan to unrelated third parties | | | 350,000 | | | — |
| Loans made to unrelated third parties | | | (1,900,000) | | | — |
| Net cash used in investing activities | | (1,556,418) | | (79,908) | ||
| Cash flows from financing activities: | | | | | ||
| Net Proceeds from offerings | | 8,000,000 | | 13,717,940 | ||
| Repayment for D&O insurance premium financing | | — | | (35,961) | ||
| Premium financed | | 141,897 | | 142,197 | ||
| Payment for deferred offering cost | | | (41,430) | | | (346,078) |
| Repayments made to a related party | | — | | (5,000) | ||
| Capital contributions from a shareholder | | — | | 630,000 | ||
| Repayment of insurance premium financing obligations | | (107,131) | | — | ||
| Net cash provided by financing activities | | 7,993,336 | | 14,103,098 | ||
| | | | | | | |
| Net increase in cash | | 1,695,060 | | 13,382,980 | ||
| Cash, beginning of period | | 1,308,529 | | 170,157 | ||
| Cash, end of period | | $3,003,589 | | $13,553,137 | ||
| | | | | | | |
| Supplemental cash flow information | | | | | ||
| Cash paid for interest | | $10,549 | | $— | ||
| Cash paid for income tax | | $3,200 | | $— | ||
ELITE EXPRESS HOLDING INC. (SUCCESSOR) AND JAR TRANSPORTATION INC (PREDECESSOR)
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