NOTES PAYABLE

6 Months Ended

Dec. 31, 2011

Notes Payable [Abstract]

NOTES PAYABLE

NOTE 3 - NOTES PAYABLE

The Company’s long-term debt consists of:

			December 31,			June 30,
Payee	Terms		2011			2011
Nodaway Valley Bank	Line-of-credit agreement expiring on	$		-	$		-
	January 3, 2013 with a variable interest rate
	at prime, which was 5% at December 31,
	2011. The line-of-credit is collateralized
	by substantially all assets of the Company.
Ford Credit	$679 monthly payments including interest			34,638			38,713
	of 0%; final payment due March 2016,
	secured by a vehicle.
Ford Credit	$517 monthly payments including interest			26,350			29,450
	of 0%; final payment due March 2016,
	secured by a vehicle.
Honda	$508 monthly payments including interest			-			3,030
	of 1.9%; final payment was due December 15,
	2011, secured by a vehicle.

		December 31,		June 30,
Payee	Terms	2011		2011
Nissan	$557 monthly payments including interest		2,176		5,425
	of 3.9%; final payment due April 2012,
	secured by a vehicle.
Nodaway Valley Bank	$3,192 monthly payments including		99,914		115,036
	interest of 6.25%; final payment
	due June 2015, secured by certain equipment.
	Total		163,078		191,654
	Less current portion		49,579		54,844
	Long-term portion	$	113,499	$	136,810
Future minimum payments are:
	2012	$	49,579
	2013		49,529
	2014		46,030
	2015		14,350
	2016		3,590
	Total	$	163,078