Note 11 - Loans - Property and Equipment

12 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Loan Commitments [Text Block]

NOTE 11. LOANS - PROPERTY AND EQUIPMENT

As of June 30, 2022, Brigadier had an outstanding principal balance of CD$471,015 (approx. US$365,429 translated as of June 30, 2022) due to Bank of Montreal related to the purchase of its Saskatoon office land and building. The Consolidated Balance Sheets as of June 30, 2022 and June 30, 2021 reflect the amount of the principal balance which is due within twelve months as a current liability of US$15,135 and a long-term liability of US$350,293. Interest on the mortgage loan for the year ended June 30, 2022 and 2021 was US$15,742 and US$16,078, respectively.