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NOTES RECEIVABLE (Tables) | 6 Months Ended
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Jun. 30, 2012
NOTES RECEIVABLE (Tables) |
NOTES RECEIVABLE RELATED PARTY (Tables) | Notes Receivable – Related Party The following is a summary of amounts due from related parties, including accrued interest separately recorded, as of June 30, 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. 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 | $733
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 | 23,445
TOTAL |  |  | $493,233 | $24,178

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