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The Following Is A Summary Of Amounts Due From Related Parties (Tables)
3 Months Ended
Mar. 31, 2013
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 March 31, 2013:

 

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. Scott Haire,

former CFO of Wound Management, is the

managing member of Secure eHealth.

Unsecured line of credit with

interest accrued at rate of 1%

per annum, 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

 

 

 

 

 

 

Allowance for Doubtful Accounts

 

(493,233)

(35,899)

 

 

 

 

 

TOTAL

 

 

$0

$0