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LINE OF CREDIT
 12 Months Ended
Jun. 03, 2016
Debt Disclosure [Abstract]  
Line Of Credit
NOTE 7 - LINE OF CREDIT
 
The Company has a line-of-credit agreement with a local bank that permitted borrowing up to $3,000,000 at June 3, 2016 and May 29, 2015. The line-of-credit is subject to the Company’s continued credit worthiness and compliance with the terms and conditions of the loan agreement which is renewed on an annual basis. The following table summarizes the line of credit as of June 3, 2016 and May 29, 2015:
 
 
 
2016
 
 
2015
 
 
 
 
 
 
 
 
 
 
Interest rate
 
 
3.50
%
 
 
3.25
%
 
 
 
 
 
 
 
 
 
Outstanding
 
$
-
 
 
$
2,823,477
 
Available
 
 
3,000,000
 
 
 
176,523
 
 
 
 
 
 
 
 
 
 
Total line of credit
 
$
3,000,000
 
 
$
3,000,000