Thursday, July 14, 2016 11:20:09 AM
6. Related Party Transactions
Page 13 of 30
WIALAN TECHNOLOGIES, INC.
FINANCIAL STATEMENTS FOR THE 12 MONTHS ENDING DECEMBER 31, 2015
Mr, Timothy Peabody, a former CEO and former Director of the Company, is the significant owner of Wi-Fidelity, LLC - which in turn is a major customer of the Company. Sales, at arm’s length prices, to Wi-Fidelity, LLC totaled $ 56,870 during the 12 months ending December 31, 2014.
Sales from Wi-Fidelity amounted of $3,570 for the 9 months ended September 30,2015
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