• Filing Date: 2013-04-12
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.6
The Following Is A Summary Of Amounts Due From Related Parties (Tables)
12 Months Ended
Dec. 31, 2012
The Following Is A Summary Of Amounts Due From Related Parties  
The Following Is A Summary Of Amounts Due From Related Parties

The following is a summary of amounts due from related parties, including accrued interest separately recorded, as of December 31, 2012:

 

Related party

Nature of relationship

Terms of the agreement

Principal amount

Accrued Interest

 

 

 

 

 

Secure eHealth

 

Secure eHealth was a 100% owned

subsidiary of the Company until

December 2011. (see Note 5) Scott

Haire is the managing member of S

ecure eHealth.

Unsecured line of credit

1% interest, due on demand.

$    293,233

$2,232

 

 

 

 

 

Commercial Holding, AG

 

Commercial Holding AG, LLC has

provided previous lines of credit

to affiliates of WMT.

Unsecured note with interest

accrued at rate of 10% per

annum, due on demand.

     200,000

 

 

33,667

 

 

 

 

 

MAH Holding, LLC

 

MAH Holding, LLC has provided

previous lines of credit to affiliates

of WMT.

Unsecured note with interest

accrued at 10% per annum,

due on demand.

  0

0

 

 

 

 

 

 

 

Allowance for Doubtful Accounts

 

(493,233)

(35,899)

TOTAL

 

 

$0

$0