4. Accrued Compensation	3 Months Ended
Mar. 31, 2012
Notes to Financial Statements
4. Accrued Compensation	4. ACCRUED COMPENSATION The Company has entered into employment agreements with the Company’s management team, as outlined in Note 11. As of March 31, 2012 and December 31, 2011, no cash compensation has been paid, and the Company has accrued amounts pursuant to these agreements. On January 27, 2012, the Company entered into an agreement with certain Officers and Directors to convert accrued compensation due them at December 31, 2011 totaling $586,360 into common shares of the Company at a conversion price of $0.25 a share. Accrued compensation as of March 31, 2012 totaled $1,184,436.

4. Accrued Compensation

3 Months Ended

Mar. 31, 2012

4. ACCRUED COMPENSATION

The Company has entered into employment agreements with the Company’s management team, as outlined in Note 11. As of March 31, 2012 and December 31, 2011, no cash compensation has been paid, and the Company has accrued amounts pursuant to these agreements. On January 27, 2012, the Company entered into an agreement with certain Officers and Directors to convert accrued compensation due them at December 31, 2011 totaling $586,360 into common shares of the Company at a conversion price of $0.25 a share. Accrued compensation as of March 31, 2012 totaled $1,184,436.

Iron Eagle Group, Inc. 10-Q/A