v2.4.0.6

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Cash Flows from Operating Activities:
Net loss	$ (102,755)	$ (57,266)	$ (448,871)	$ (201,054)
Less: loss from discontinued operations, net of taxes	(70,392)	(26,547)	(333,590)	(82,443)
Net loss from continuing operations	(32,363)	(30,719)	(115,281)	(118,611)
Adjustment to reconcile net loss to net cash used in operating activities:
Depreciation		142	283	425
Loss on disposal of assets			1,275
Change in operating assets and liabilities:
(Increase)/Decrease in prepaid expenses			250	(545)
Increase/(Decrease) in trade payables			35,706	(8,311)
Increase/(Decrease) in accrued expenses			662	(12,676)
Net Cash (Used in) Operating Activities from Continuing Operations			(77,105)	(139,718)
Net Cash Provided by/(Used in) Operating Activities from Discontinued Operations			63,995	(50,169)
Net Cash (Used in) Operating Activities			(13,110)	(189,887)
Net Cash (Use in) Investing Activities from Continuing Operations
Net Cash Provided by/(Used in) Investing Activities from Discontinued Operations			5,000	(11,944)
Net Cash Provided by/(Used in) Investing Activities			5,000	(11,944)
Cash Flows from Financing Activities:
Proceeds from issuance of common stock			60,000	240,000
Net Cash Provided by Financing Activities from Continuing Operations			60,000	240,000
Net Cash (Used in) Financing Activities from Discontinued Operations			(62,811)	(4,579)
Net Cash Provided by/(Used in) Financing Activities			(2,811)	235,421
Net Increase/(Decrease) in Cash			(10,921)	33,590
Cash from Continuing Operations at Beginning of Period			31,615	21,185
Cash from Discontinued Operations at Beginning of Period			3,178	21,466
Cash at End of Period	23,872	76,241	23,872	76,241
Less Cash from Discontinued Operations at End of Period	9,886	15,974	9,886	15,974
Cash from Continuing Operations at End of Period	13,986	60,267	13,986	60,267
Supplemental cash flow information
Interest paid			5,765	12,171
Income taxes paid

Cash and cash equivalent from continuing operations.

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Elite Energies, Inc. 10-Q