Elite Performance Holding Corp

CIK:0001753681|SEC Filings

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Consolidated Statements of Operations
REVENUES	$ 0	$ 681
COST OF GOODS SOLD	1,304	36,321
GROSS LOSS	(1,304)	(35,640)
OPERATING EXPENSES
Legal and accounting	351,101	263,854
Advertising	6,835	33,168
Consulting	367,624	1,444,838
General and administrative	267,399	397,583
Total Operating Expenses	992,959	2,139,443
OPERATING LOSS	(994,263)	(2,175,083)
OTHER INCOME (EXPENSE)
Other income	116,000	10,945
Interest expense	(319,337)	(229,448)
Total Other Expense	(203,337)	(218,503)
NET LOSS	$ (1,197,600)	$ (2,393,586)
BASIC AND DILUTED NET LOSS PER COMMON SHARE	$ (0.10)	$ (0.21)
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	124,743,120	112,727,660

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2025	Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (1,197,600)	$ (2,393,586)
Items to reconcile net loss to net cash used in operating activities:
Amortization of debt discount	62,725	48,750
Shares issued for services	60,000	1,059,257
Loss on inventory write-down	99	30,802
Warrants issued for services	0	103,498
Depreciation expense	11,307	10,969
Legal settlement	50,000	0
Gain on settlement of accounts payable	66,000	0
Changes in operating assets and liabilities
(Increase) / decrease in inventory	(99)	0
(Increase) / decrease in prepaid expenses	(15)	(14,069)
(Increase) / decrease in right of use assets	23,439	23,325
Increase in accounts payable - related party	324,553	297,826
Increase in accounts payable and accrued expenses	214,499	128,637
Net Cash Used in Operating Activities	(385,092)	(704,591)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment	(2,573)	0
Net Cash Used in Investing Activities	(2,573)	0
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Convertible Debt	383,600	717,059
Repayments of notes payable	0	(51,500)
Payments on financing leases	(16,935)	(13,520)
Proceeds from advances	21,000	52,500
Net Cash Provided by Financing Activities	387,665	704,539
Decrease in Cash	0	(52)
CASH AT BEGINNING OF PERIOD	0	52
CASH AT END OF PERIOD	0	0
Cash paid for:
Interest Paid	7,162	2,357
Taxes	0	0
Non-Cash Investing and Financing Activities:
Shares issued and to be issued in conversion with convertible notes	400,000	601,786
Accounts payable in exchange for common stock payable	0	500,000
Convertible notes payable in exchange for common stock payable	0	172,481
Advances and accrued interest exchanged for convertible notes payable	0	442,417
Shares issued as debt issuance cost	0	5,000
Warrants issued as debt issuance cost	43,324	0
Related party debt forgiveness	19,009	0
Shares issued for conversion of Accounts Payable	406,000	163,000
Retirement of preferred stock	$ 0	$ 2,500

Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash	$ 0	$ 0
Prepaid expenses	14,085	14,069
Total Current Assets	14,085	14,069
Property and equipment, net	18,781	27,515
Right of use asset	54,636	78,075
TOTAL ASSETS	87,502	119,659
CURRENT LIABILITIES
Accounts payable	916,744	835,695
Accounts payable and accrued expenses related party	167,684	268,140
Accrued expenses	559,024	309,573
Lease liability - current	23,639	22,110
Advances	32,000	11,000
Convertible notes payable, net	1,275,217	1,272,216
Total Current Liabilities	2,974,308	2,718,734
Longterm Liabilities
Lease liability - long-term	41,900	60,364
PPP Loan	95,485	95,485
Total Long-Term Liabilities	137,385	155,849
Total Liabilities	3,111,693	2,874,583
Commitments and Contingencies	0	0
STOCKHOLDERS' DEFICIT
Preferred stock; $0.0001 par value, 35,000,000 shares authorized, 10,000,000 shares issued and outstanding as of December 31, 2025 and 2024, respectively	1,000	1,000
Common stock; $0.0001 par value, 465,000,000 shares authorized, 124,296,460 and 120,638,840 issued and outstanding as of December 31, 2025 and 2024, respectively	12,612	12,064
Shares to be issued	876,000	722,481
Additional paid-in capital	8,467,571	7,693,305
Accumulated deficit	(12,381,374)	(11,183,774)
Total Stockholders' Deficit	(3,024,191)	(2,754,924)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 87,502	$ 119,659