NOTE 10 - LONG-TERM DEBT, NOTES PAYABLE AND CAPITAL LEASES Long-Term Debt, Notes Payable And Capital Leases - (Details) |
12 Months Ended | |
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Jun. 30, 2020
USD ($)
Integer
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Jun. 30, 2019
USD ($)
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Long Term Debt, Notes Payable and Capital Leases | $ 973,795 | $ 313,642 |
Current portion of Long Term Debt, Notes Payable and Capital Leases | 108,379 | 40,530 |
Long Term Debt, Notes Payable and Capital Leases less Current Portion | 865,416 | 273,112 |
Book value of building | 447,448 | |
Long Term Note 1 | ||
Long Term Debt, Notes Payable and Capital Leases | $ 273,031 | 306,056 |
Interest rate | 7.00% | |
Number of installment | Integer | 240 | |
Frequency of Periodic Payment | monthly | |
Periodic Payment | $ 4,472 | |
Maturity Date | Oct. 31, 2026 | |
Long Term Note 2 | ||
Long Term Debt, Notes Payable and Capital Leases | $ 700,764 | |
Interest rate | 1.00% | |
Term | 5 years | |
Long Term Note 3 | ||
Long Term Debt, Notes Payable and Capital Leases | ||
Interest rate | 4.00% | |
Revolving credit limit | $ 3,000,000 | |
Long Term Note 4 | ||
Long Term Debt, Notes Payable and Capital Leases | $ 7,586 |
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- References No definition available.
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- References No definition available.
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- Definition Description of the frequency of periodic payments (monthly, quarterly, annual). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average effective interest rate during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the required periodic payments including both interest and principal payments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition Amount of long-term debt and lease obligation, classified as noncurrent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of long-term debt and lease obligation, classified as current. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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