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Summary of amounts due from related parties, including accrued interest (Table) | 12 Months Ended
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Dec. 31, 2012
Summary of amounts due from related parties, including accrued interest |
Summary of amounts due from related parties, including accrued interest | The following is a summary of amounts due from related parties, including accrued interest separately recorded, as of December 31, 2011:
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. (see Note 5) Scott Haire is the managing member of Secure eHealth. | Unsecured line of credit 0% interest, due on demand. | $ 293,233 | $0
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. | 500,000 | 8,472
MAH Holding, LLC | MAH Holding, LLC has provided previous lines of credit to affiliates of WMT. | Unsecured note with interest accrued at 10% per annum, due on demand. | 166,216 | 113,618
TOTAL |  |  | $959,449 | $122,090

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- Definition Tabular disclosure of receivables or notes with discounts or premiums resulting from the determination of present value in cash or noncash transactions, including description of the receivable, the effective interest rate, the face amount, amortization period and method. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28555-108399 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 21 -Paragraph 16 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 + Details
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