NOTES PAYABLE

12 Months Ended

Jun. 30, 2015

Notes Payable [Abstract]

NOTES PAYABLE

NOTE 3 NOTES PAYABLE

The Company’s long-term debt at June 30, 2015 and 2014 consists of:

Payee	Terms	2015		2014
Nodaway Valley Bank	$350,000 line-of-credit agreement expiring on January 3, 2016, 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.	$	-	$	-
Ford Credit	$468 monthly payments, interest of 2.9%; final payment due January 2019, secured by a vehicle.		19,151		-
Ford Credit	$517 monthly payments, interest of 0%; final payment due March 2016, secured by a vehicle.		3,150		10,850
Nodaway Valley Bank	$3,192, including interest of 5.75%; final payment due June 2015, secured by equipment; paid in full in December 2014.		-		12,547
Toyota Financial Services	$305 monthly payments including interest of 2.9% due March 2015, secured by a vehicle; paid in full in December 2014		-		2,790
	Total		22,301		26,187
	Less current portion		8,297		21,537
	Long-term portion	$	14,004	$	4,650
Future minimum payments are:
	2016	$	8,297
	2017		5,298
	2018		5,454
	2019		3,252
	Total	$	22,301