NOTES PAYABLE

12 Months Ended

Jun. 30, 2018

Notes Payable [Abstract]

NOTES PAYABLE

NOTE 3 NOTES PAYABLE

The Company’s long-term debt at June 30, 2018 and 2017 consists of:

Payee	Terms	2018		2017
Nodaway Valley Bank	$350,000 line-of-credit agreement expiring on January 4, 2019, with a variable interest rate at prime but not less than 5%.  The line-of-credit is collateralized by substantially all assets of the Company. Management anticipates renewal of the line-of-credit agreement at similar terms upon expiration.	$	-	$	-
Ford Credit	$705 monthly payments, interest of 5.8%; final payment due October 2021, secured by a vehicle.		25,560		32,308
Toyota Credit	$364 monthly payments, interest of 3.5%; final payment due December 2020, secured by a vehicle.		10,451		14,383
Ford Credit	$468 monthly payments, interest of 2.9%; paid in full in April 2018.		-		8,706
	Total		36,011		55,397
	Less current portion		11,224		16,133
	Long-term portion	$	24,787	$	39,264

Future minimum payments for the years ended June 30 are:

Year Ended June 30,	Amount
2019	$	11,224
2020		11,798
2021		10,204
2022		2,785
Total	$	36,011