![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, August 15, 2013 1:00:26 PM
INDEX
Page No.
PART I – FINANCIAL INFORMATION
Item 1. Financial Statements
Condensed Consolidated Balance Sheets as of June 30, 2013 (unaudited) and March 31, 2013 (audited) F-1
Condensed Consolidated Statements of Operations for the three months ended June 30, 2013 (unaudited) and June 30, 2012 (unaudited) F-3
Condensed Consolidated Statement of Changes in Stockholders’ Deficit for the three months ended June 30, 2013 (unaudited) F-4
Condensed Consolidated Statements of Cash Flows for the three months ended June 30, 2013 (unaudited) and June 30, 2012 (unaudited) F-5
Notes to Condensed Consolidated Financial Statements F-6
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 1
Item 3. Quantitative and Qualitative Disclosures about Market Risk 13
Item 4. Controls and Procedures 13
PART II – OTHER INFORMATION
Item 1. Legal Proceedings 14
Item 1A. Risk Factors 14
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 14
Item 3. Defaults upon Senior Securities 14
Item 4. Mine Safety Disclosures 14
Item 5. Other Information 14
Item 6. Exhibits 16
SIGNATURES 22
ELITE PHARMACEUTICALS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
June 30,
2013
(Unaudited) March 31,
2013
(Audited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 231,102 $ 369,023
Accounts receivable (net of allowance for doubtful accounts of -0-) 499,083 665,154
Inventories (net of reserve of -0- and $93,338, respectively) 938,624 1,358,146
Prepaid expenses and other current assets 116,218 151,051
Total Current Assets 1,785,027 2,543,374
PROPERTY AND EQUIPMENT , net of accumulated depreciation of $5,174,531 and $5,068,522, respectively 3,958,495 4,028,943
INTANGIBLE ASSETS – net of accumulated amortization of $-0- 712,922 694,426
OTHER ASSETS
Investment in Novel Laboratories, Inc. 3,329,322 3,329,322
Security deposits 14,314 14,314
Restricted cash – debt service for EDA bonds 348,650 267,820
EDA bond offering costs, net of accumulated amortization of $111,064 and $107,519, respectively 243,389 246,934
Total Other Assets 3,935,675 3,858,390
TOTAL ASSETS $ 10,392,119 $ 11,125,133
The accompanying notes are an integral part of the condensed consolidated financial statements.
F - 1
ELITE PHARMACEUTICALS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
Recent ELTP News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:07:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/20/2024 08:30:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/14/2024 09:55:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/29/2023 07:21:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/26/2023 09:20:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 09:20:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/28/2023 12:05:38 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/27/2023 11:58:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/27/2023 11:50:54 PM
- Epazz, Inc. (OTC Pink: EPAZ) US Navy Collaboration with ZenaDrone • InvestorsHub NewsWire • 11/16/2023 12:32:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/25/2023 08:15:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/07/2023 08:05:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2023 09:30:05 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 07/31/2023 08:20:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/17/2023 08:15:16 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM