Note 11 - Loans - Property and Equipment

3 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Loan Commitments [Text Block]

NOTE 11. LOANS - PROPERTY AND EQUIPMENT

As of September 30, 2022, Brigadier had an outstanding principal balance of CD$466,251 (approx. US$340,235 translated as of September 30, 2022) due to Bank of Montreal related to the purchase of its Saskatoon office land and building. The Condensed Consolidated Balance Sheets as of September 30, 2022 and June 30, 2022 reflect the amount of the principal balance which is due within twelve months as a current liability of US$14,384 and US$15,135, respectively, and a long-term liability of US$325,851 and US$350,293, respectively. Interest on the mortgage loan for the three months ended September 30, 2022 and 2021 was US$3,706 and US$4,048, respectively.