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Note 11 - Loans - Property and Equipment
 12 Months Ended
Jun. 30, 2020
Notes to Financial Statements  
Loan Commitments [Text Block]
NOTE
11.
LOANS - PROPERTY AND EQUIPMENT
 
As of
June 30, 2020
, Brigadier had an outstanding principal balance of
CD$507,732
(approx.
US$373,041
translated as of
June 30, 2020
) related to the purchase of their Saskatoon office land and building. The Consolidated Balance Sheets as of
June 30, 2020
and
June 30, 2019
reflect the amount of the principal balance which is due within
twelve
months as a current liability of
US
$13,196
and a long term liability of
US
$359,845
.
As of
June 30, 2019
, the loan liability consisted of principal balances outstanding for vehicle purchases. The principal amounts under the loans which were due within
twelve
months were recorded in short term liabilities as
US$26,241,
and after
twelve
months as
US$61,057.
These loans were paid in full as of
June 30, 2020
, whereas there was
no
liability for the loan related to the property purchase as of
June 30, 2019
. Total interest on vehicle loans for the year ended
June 30, 2020
was
US$753,
as compared to the year ended
June 30, 2019
of
US$5,197.
Interest on the mortgage loan for the year ended
June 30, 2020
was
US$15,986,
with
no
mortgage interest being due prior to
July 1, 2019.