NOTES PAYABLE

6 Months Ended

Dec. 31, 2016

Notes Payable [Abstract]

NOTES PAYABLE

NOTE 3 NOTES PAYABLE

The Company’s long-term debt consists of:

		December 31,		June 30,
Payee	Terms	2016		2016
Nodaway Valley Bank	$350,000 line-of-credit agreement expiring on January 4, 2018, 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	$705 monthly payments, interest of 5.8%; final payment due October 2021, secured by a vehicle.		35,537		38,674
Toyota Credit	$364 monthly payments, interest of 3.5%; final payment due December 2020, secured by a vehicle.		16,297		18,179
Ford Credit	$468 monthly payments, interest of 2.9%; final payment due January 2019, secured by a vehicle.		11,375		14,004
Total			63,209		70,857
Less Current Portion			15,793		15,460
Long-Term Portion		$	47,416	$	55,397

Future minimum payments for the twelve months ending December 31 are:

December 31:	Amount
2017	$	15,793
2018		16,481
2019		11,973
2020		12,098
2021		6,864
Total	$	63,209