Note 6 - Related Parties	9 Months Ended
Dec. 31, 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 December 31, 2017 and March 31, 2017, a total of $30,324 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 $90,000 was expensed during the nine months ended December 31, 2017 and 2016. The total balance due to the Chief Executive Officer for accrued salaries at December 31, 2017 and March 31, 2017, was $103,910 and $95,010, respectively. *Office Lease* An office space is furnished on a month by month basis by the Chief Executive Officer.

Note 6 - Related Parties

9 Months Ended

Dec. 31, 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 December 31, 2017 and March 31, 2017, a total of $30,324 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 $90,000 was expensed during the nine months ended December 31, 2017 and 2016. The total balance due to the Chief Executive Officer for accrued salaries at December 31, 2017 and March 31, 2017, was $103,910 and $95,010, respectively.

Office Lease

An office space is furnished on a month by month basis by the Chief Executive Officer.

ELITE GROUP INC. 10-Q