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NOTE 10 - RELATED PARTY TRANSACTIONS
3 Months Ended
Jun. 30, 2012
Related Party Transactions Disclosure [Text Block]
NOTE 10 - RELATED PARTY TRANSACTIONS

The Company had agreed to pay Integrated Global Network, LLC (“IGN, LLC”), an affiliate of our Chief Executive Officer, Mr. Mukunda, an administrative fee of $4,000 per month for office space and general and administrative services.  For the three months ended June 30, 2012, a total of $12,000 was accrued as payable to IGN LLC.

When IGC acquired Ironman, the subsidiary company had a related party balance towards its Chairman.  As of June 30, 2012, the amount due to the Chairman was $306,558.