Home / Going-concern warnings / Elite Health Systems Inc.
Filed 2025-04-02 路 Form 10-K 路 Accession 0001437749-25-010652 cap n/a
n/a: no price data available for EHSI.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: 1 insider bought $2K (1 purchase)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-04-02: red flag filed | |||||||
| 2025-05-01 | jeereddi Prasad Anjaneya CEO, Director | Purchase | 3,000 | $0.75 | $2K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-02 to 2025-05-02. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"These conditions raise substantial doubt about its ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Going-concern opinion issued by: Mercurius & Associates LLP
Source: independent auditor report in Form 10-K (period 2024-12-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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