NOTES PAYABLE

12 Months Ended

Jun. 30, 2016

Notes Payable [Abstract]

NOTES PAYABLE

NOTE 3 NOTES PAYABLE

The Company’s long-term debt at June 30, 2016 and 2015 consists of:

Payee	Terms	2016		2015
Nodaway Valley Bank	$350,000 line-of-credit agreement expiring on January 4, 2017, 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.		38,674		-
Toyota Credit	$364 monthly payments, interest of 3.5%; final payment due December 2020, secured by a vehicle.		18,179		-
Ford Credit	$468 monthly payments, interest of 2.9%; final payment due January 2019, secured by a vehicle.		14,004		19,151
Ford Credit	$517 monthly payments, interest of 0%; final payment due March 2016, secured by a vehicle.		-		3,150
	Total		70,857		22,301
	Less current portion		15,460		8,297
	Long-term portion	$	55,397	$	14,004
Future minimum payments for the years ended June 30 are:
	2017	$	15,460
	2018		16,133
	2019		14,477
	2020		11,798
	2021		10,203
	Thereafter		2,786
	Total	$	70,857