Note 10 - Subsequent Events	9 Months Ended
Dec. 31, 2017
Notes
Note 10 - Subsequent Events	NOTE 10 — SUBSEQUENT EVENTS On February 12, 2018, the Company filed with the Secretary of State of Nevada Amended and Restated Articles of Incorporation (the “Amended and Restated Articles”) that had the effect of designating 9,999,000,000 shares of the authorized capital stock of the Company as common stock, par value $0.001 and 1,000,000 shares of the authorized capital stock of the Company as preferred stock, par value $0.001, with the powers, preferences and rights, and the qualifications, limitations and restrictions designated by the Company’s board of directors. *TCA Convertible Debenture Agreement* As of December 31, 2017, the nine-month term of the agreement has expired and the obligations continues to be outstanding which is a nonpayment of the obligation of the Senior Secured Revolving Credit Facility dated December 18, 2015 (see Note 4). *Crown Bridge Capital convertible notes payable* In January 2018, the Crown Bridge Capital exercised cashless warrants of 55,928,572 shares of Company common stock, pursuant to a convertible note with Crown Bridge dated March 29, 2017. *Adar Bays convertible notes payable* In January and February 2018, the Adar Bays, LLC. converted $16,650 of principal balance of convertible notes payable into 190,323,679 shares of common stock. *Mammoth Capital convertible notes payable* In January and February 2018, the Mammoth Capital converted $20,350 of principal balance of convertible notes payable into 121,500,000 shares of common stock. *GS Capital convertible notes payable* In January and February 2018, the GS Capital converted $15,175 of principal balance of convertible notes payable into 71,165,860 shares of common stock.

Note 10 - Subsequent Events

9 Months Ended

Dec. 31, 2017

NOTE 10 — SUBSEQUENT EVENTS

On February 12, 2018, the Company filed with the Secretary of State of Nevada Amended and Restated Articles of Incorporation (the “Amended and Restated Articles”) that had the effect of designating 9,999,000,000 shares of the authorized capital stock of the Company as common stock, par value $0.001 and 1,000,000 shares of the authorized capital stock of the Company as preferred stock, par value $0.001, with the powers, preferences and rights, and the qualifications, limitations and restrictions designated by the Company’s board of directors.

TCA Convertible Debenture Agreement

As of December 31, 2017, the nine-month term of the agreement has expired and the obligations continues to be outstanding which is a nonpayment of the obligation of the Senior Secured Revolving Credit Facility dated December 18, 2015 (see Note 4).

Crown Bridge Capital convertible notes payable

In January 2018, the Crown Bridge Capital exercised cashless warrants of 55,928,572 shares of Company common stock, pursuant to a convertible note with Crown Bridge dated March 29, 2017.

Adar Bays convertible notes payable

In January and February 2018, the Adar Bays, LLC. converted $16,650 of principal balance of convertible notes payable into 190,323,679 shares of common stock.

Mammoth Capital convertible notes payable

In January and February 2018, the Mammoth Capital converted $20,350 of principal balance of convertible notes payable into 121,500,000 shares of common stock.

GS Capital convertible notes payable

In January and February 2018, the GS Capital converted $15,175 of principal balance of convertible notes payable into 71,165,860 shares of common stock.

ELITE GROUP INC. 10-Q