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10-K - FORM 10-K - Innovative Wireless Technologies, Inc.v309295_10k.htm
EXCEL - IDEA: XBRL DOCUMENT - Innovative Wireless Technologies, Inc.Financial_Report.xls
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EX-32.1 - EXHIBIT 32.1 - Innovative Wireless Technologies, Inc.v309295_ex32-1.htm
EX-31.1 - EXHIBIT 31.1 - Innovative Wireless Technologies, Inc.v309295_ex31-1.htm
EX-10.1 - EXHIBIT 10.1 - Innovative Wireless Technologies, Inc.v309295_ex10-1.htm
EX-32.2 - EXHIBIT 32.2 - Innovative Wireless Technologies, Inc.v309295_ex32-2.htm
EX-31.2 - EXHIBIT 31.2 - Innovative Wireless Technologies, Inc.v309295_ex31-2.htm
EX-23.1 - EXHIBIT 23.1 - Innovative Wireless Technologies, Inc.v309295_ex23-1.htm
v2.4.0.6
LOANS
12 Months Ended
Dec. 31, 2011
LOANS

NOTE 3. LOANS

 

The Company has outstanding unsecured loans in the total amount of $749,985 from two related parties as of December 31, 2011

 

Creditor   Date of
Original Loan
  Maturity Date   Maximum
Principal
    Interest Rate   Balance as
of
Dec 31,
2011
 
Meridian World Trading Co. Inc.  (related party)   June 6, 2010   June 19, 2013   $ 100,000     10 % per annum   $ 50,000  
Mr.Pavel Alpatov, controlling shareholder and related party   October 8, 2010   October 7, 2020   $ 100,000     10 % per annum   $ 99,970  
Mr.Pavel Alpatov, controlling shareholder and related party   February 15, 2011   February 15, 2021   $ 400,000     10% per annum   $ 399,985  
Mr.Pavel Alpatov, controlling shareholder and related party   July 15, 2011   July 15, 2021   $ 100,000     10%  per annum   $ 99,985  
Mr.Pavel Alpatov, controlling shareholder and related party   October 7th, 2011   October 7th, 2021   $ 100,000     10 % per annum   $ 99,955  
Total                     $ 749,895