Note 6 - Related Parties	6 Months Ended
Sep. 30, 2017
Notes
Note 6 - Related Parties	NOTE 6 — RELATED PARTIES *Advances* From time to time, the Company has received advances from certain of its officers and shareholders to meet short-term working capital needs. For the years ended September 30, 2017 and March 31, 2017, a total of $25,917 and $24,917 advances from related parties is outstanding, respectively. These advances are unsecured, bear no interest, and do not have formal repayment terms or arrangements. *Officer Agreements* On January 28, 2016, the Company entered into an employment agreement, effective February 15, 2016, with the Company's Chief Executive Office whereby the Company provides for compensation of $10,000 per month. A total salary of $60,000 was expensed during the six months ended September 30, 2017 and 2016. The total balance due to the Chief Executive Officer for accrued salaries at September 30, 2017 and March 31, 2017, was $93,910 and $95,010, respectively.

Note 6 - Related Parties

6 Months Ended

Sep. 30, 2017

NOTE 6 — RELATED PARTIES

Advances

From time to time, the Company has received advances from certain of its officers and shareholders to meet short-term working capital needs. For the years ended September 30, 2017 and March 31, 2017, a total of $25,917 and $24,917 advances from related parties is outstanding, respectively. These advances are unsecured, bear no interest, and do not have formal repayment terms or arrangements.

Officer Agreements

On January 28, 2016, the Company entered into an employment agreement, effective February 15, 2016, with the Company's Chief Executive Office whereby the Company provides for compensation of $10,000 per month. A total salary of $60,000 was expensed during the six months ended September 30, 2017 and 2016. The total balance due to the Chief Executive Officer for accrued salaries at September 30, 2017 and March 31, 2017, was $93,910 and $95,010, respectively.

ELITE GROUP INC. 10-Q