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The Following Is A Summary Of Amounts Due From Related Parties (Tables)
 9 Months Ended
Sep. 30, 2012
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 September 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

$1,482

 

 

 

 

 

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

 

 

28,556

 

 

 

 

 

TOTAL

 

 

$493,233

$30,038