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Net proceeds frominitial public offering$13,717,940 Capital contributionsfrom stockholders$630,000 Borrowing from premiumfinance$142,197 Net cash provided by(used in) financing...$14,044,294 Canceled cashflow$445,843 Net increase in cash$1,138,372 Canceled cashflow$12,905,922 Payment of deferredoffering costs$346,078 Repayment to premiumfinance$70,727 Repayment of borrowingsfrom related parties$29,038 Depreciation of plant andequipment$199,106 (decrease) increase inother payables and...$120,546 Amortization of intangibleassets$55,200 Accrued current incometax expense-$1,600 Net cash used ininvesting activities-$10,086,136 Net cash provided by(used in) operating...-$2,819,786 Canceled cashflow$376,452 Loans made tonon-related companies$9,999,811 Purchase of plant andequipment$86,325 Net loss-$2,185,987 Increase in prepaidexpenses and other...$605,623 Accrued interest income$179,309 Deferred tax benefit-$106,698 Increase in prepaid d&oinsurance$102,443 (decrease) increase inaccounts receivable$16,097 (decrease) increase inaccounts payable-$82
Cash Flow
source: myfinsight.com

Elite Express Holding Inc. (ETS)

Elite Express Holding Inc. (ETS)