NOTES RECEIVABLE

3 Months Ended

Jun. 30, 2011

NOTES RECEIVABLE

NOTES RECEIVABLE

NOTE 6 - NOTES RECEIVABLE

Notes Receivable – Related Parties

The following is a summary of amounts due from related parties, including accrued interest separately recorded, as of June 30, 2011:

Related party	Nature of relationship	Terms of the agreement	Principal amount
H.E.B., LLC, a Nevada limited liability company	Scott Haire is the managing member of HEB.	Unsecured $500,000 line of credit due on demand with interest rate of 10% per annum.   Accrued interest at June 30, 2011 is $29,386. Line available as of June 30, 2011 is $178,058.	$ 320,942
Commercial Holding AG, LLC	Commercial Holding AG, LLC has provided previous lines of credit to affiliates of VHGI.	Unsecured note with interest accrued at rate of 10% per annum and is due on demand. Accrued interest at June 30, 2011 is $21,854.	75,000
MAH Holding, LLC	MAH Holding, LLC has provided previous lines of credit to affiliates of VHGI.	Unsecured note at 10% interest per annum and is due on demand.  Accrued interest at June 30, 2011 is $8,188.	187,100
TOTAL			$  583,042

Notes Receivable

As mentioned in Note 5 – “Asset Dispositions,” the Private Access Note in the amount of $1,500,000 was sold on February 1, 2010 and the accrued interest earned prior to that date was $151,868.  The balance of accrued interest prior to the sale was not purchased by WMT and this amount has been recorded as a long term asset as of June 30, 2011.  The Private Access Note interest rate is 9% per annum and the maturity date is July 31, 2013.