• Filing Date: 2013-04-12
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.6
Summary of amounts due from related parties, including accrued interest (Table)
12 Months Ended
Dec. 31, 2012
Summary of amounts due from related parties, including accrued interest  
Summary of amounts due from related parties, including accrued interest

The following is a summary of amounts due from related parties, including accrued interest separately recorded, as of December 31, 2011:

 

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

Secure eHealth.

Unsecured line of credit 0%

interest, due on demand.

$    293,233

$0

 

 

 

 

 

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.

     500,000

 

 

8,472

 

 

 

 

 

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.

  166,216

113,618

 

TOTAL

 

 

$959,449

$122,090