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Note 5 - Short Term Borrowings and Lines of Credit
12 Months Ended
Dec. 31, 2012
Notes  
Note 5 - Short Term Borrowings and Lines of Credit

NOTE 5 – SHORT TERM BORROWINGS AND LINES OF CREDIT

 

WWA Group has short term borrowings from unrelated entities. The notes are unsecured, are due upon demand, and require payment of interest at a monthly rate of 2% to 3%, to be added to the principal loan amount. The notes payable represents the total borrowings of $ 0 and $361,840 under the note as of December 31, 2012 and 2011, respectively. The interest expense on these borrowings amounted to $0 in both the years ended December 31, 2012 and 201