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NOTES RECEIVABLE (Tables)

6 Months Ended

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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Tabular disclosure of amounts due from related parties including accrued interest seperately recorded by the entity during the period.

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