v3.4.0.3

ALLIED RESOURCES, INC. STATEMENT OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2016 AND 2015 - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net Cash Provided by (Used in) Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (50,506)	$ (22,935)
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities
Depreciation and Amortization	14,952	11,313
Accretion Expense	2,904	2,767
Increase (Decrease) in Operating Assets
Increase (Decrease) in Receivables	(203)	(21,410)
Increase (Decrease) in Operating Liabilities
Increase (Decrease) in Accounts Payable	1,298	(3,038)
Net Cash Provided by (Used in) Operating Activities	(31,555)	(33,303)
Net Cash Provided by (Used in) Financing Activities
Cash and Cash Equivalents, Period Increase (Decrease)	(31,555)	(33,303)
CASH BEGINNING PERIOD	1,265,126	1,412,161
CASH END PERIOD	$ 1,233,571	$ 1,378,858

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Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations.

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Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.

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The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.

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The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.

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The increase (decrease) during the reporting period in the total amount due within one year (or one operating cycle) from all parties, associated with underlying transactions that are classified as operating activities.

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Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.

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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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ALLIED RESOURCES INC 10-Q