NOTES PAYABLE

3 Months Ended

Sep. 30, 2011

Notes Payable [Abstract]

NOTES PAYABLE

NOTE 3 - NOTES PAYABLE

The Company’s long-term debt consists of:

		September 30,		June 30,
Payee	Terms	2011		2011
Stockholder/Officer	Related party unsecured notes bearing	$	100,000	$	-
	interest at 5.25% with full payment due in
	March 2012.
Nodaway Valley Bank	Line-of-credit agreement expiring on		250,000		-
	January 3, 2012 with a variable interest rate
	at prime, which was 5% at September 30,
	2011. The line-of-credit is collateralized
	by substantially all assets of the Company.
Ford Credit	$679 monthly payments including interest		36,675		38,713
	of 0%; final payment due March 2016,
	secured by a vehicle.
Ford Credit	$517 monthly payments including interest		27,900		29,450
	of 0%; final payment due March 2016,
	secured by a vehicle.
Honda	$508 monthly payments including interest		1,519		3,030
	of 1.9%; final payment due December 15,
	2011, secured by a vehicle.
Nissan	$557 monthly payments including interest		3,808		5,425
	of 3.9%; final payment due April 2012,
	secured by a vehicle.
Nodaway Valley Bank	$3,192 monthly payments including		107,533		115,036
	interest of 6.25%; final payment
	due June 2015, secured by certain equipment.
	Total		527,435		191,654
	Less current portion		402,219		54,844
	Long-term portion	$	125,216	$	136,810

Future minimum payments are:

2012	$	402,219
2013		48,985
2014		51,212
2015		17,844
2016		7,175
Total	$	527,435