Related Party Disclosures	3 Months Ended
Jun. 30, 2012
Related Party Disclosures
Related Party Transactions Disclosure	NOTE 5- RELATED PARTY LOANS Long Term Related Party Debt On April 1, 2011, the Company assumed debt of a shareholder previously held within its former majority-owned subsidiary, Teliphone Inc. of $70,828. The loan matures on December 31, 2013 with interest only payable monthly at an annual rate of 12%. The Company reserves the right to pay the principal in its entirety at any time without penalty. The total amount is outstanding as of March 31, 2012. Current Related Party Debt The Company received a total of $73,827 collectively from a Director of the Company and a Company owned and controlled by the same Director through March 31, 2012. The advances are considered short term in nature, accrue interest at 12% per annum, and are due on demand. As of March 31 2012, the Company has accrued $20,856 in interest on these advances.

Related Party Disclosures

3 Months Ended

Jun. 30, 2012

NOTE 5- RELATED PARTY LOANS

Long Term Related Party Debt

On April 1, 2011, the Company assumed debt of a shareholder previously held within its former majority-owned subsidiary, Teliphone Inc. of $70,828. The loan matures on December 31, 2013 with interest only payable monthly at an annual rate of 12%. The Company reserves the right to pay the principal in its entirety at any time without penalty. The total amount is outstanding as of March 31, 2012.

Current Related Party Debt

The Company received a total of $73,827 collectively from a Director of the Company and a Company owned and controlled by the same Director through March 31, 2012. The advances are considered short term in nature, accrue interest at 12% per annum, and are due on demand. As of March 31 2012, the Company has accrued $20,856 in interest on these advances.

- Definition

The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Reference 8: http://www.xbrl.org/2003/role/presentationRef

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+ Details

Teliphone Corp 10-Q/A