v2.4.0.6

Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Revenues-
Trade, net of returns	$ 214,905	$ 311,703
Related parties	15,732	32,221
Total Revenues	230,637	343,924
Cost of Revenue	189,522	275,536
Gross profit	41,115	68,388
Operating expenses
Payroll expenses	43,800	42,298
General and administrative	13,922	18,246
Rent and utilities	23,676	23,734
Legal and professional fees	49,107	47,896
Total operating expenses	130,505	132,174
Other income/(expenses)
Interest income		2
Interest under capital leases	(86)	(275)
Note interest	(2,188)	(2,188)
Total other income/(expenses)	(2,274)	(2,461)
Loss before income taxes	(91,664)	(66,247)
Provision for income taxes
Net loss	(91,664)	(66,247)
Less: Net loss attributable to noncontrolling interest	(16,733)	(4,165)
Net loss attributable to Elite Energies, Inc.	$ (74,931)	$ (62,082)
Loss per Share - Basic and Diluted	$ 0.00	$ 0.00
Weighted average number of common shares outstanding during the period - Basic and Diluted	30,340,955	29,066,230

The aggregate cost of goods produced and sold and services rendered during the reporting period.

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Expenditures for salaries other than officers. Does not include allocated share-based compensation, pension and post-retirement benefit expense or other labor-related non-salary expense. For commercial and industrial companies, excludes any direct and overhead labor that is included in cost of goods sold.

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Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts.

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Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).

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No definition available.

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Elite Energies, Inc. 10-Q