NOTES PAYABLE

12 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

NOTES PAYABLE

The Company had the following notes payable obligations at June 30, 2018 and 2017:

Notes Payable:	2018			2017
Note payable to a bank, due in monthly installments of $7,860 bearing interest at 4.17% due August 26, 2018, this note is a conversion of a multi-advance note payable initially put in place on August 26, 2013, secured by related capital equipment purchases.		-			99,751
Note payable to a bank, due in monthly installments of $4,932 bearing interest at 4.91% due March 18, 2018, secured by related capital equipment purchases.		-			43,475
Note payable to an entity, due in monthly installments of $4,009 bearing interest at 4.00% due July 1, 2019, secured by long-term investments.		312,456			348,076
Note payable to a bank, 12 month draw period interest only 2% + LIBOR, monthly installments set after draw period, due March 31, 2021, secured by related capital equipment purchase, NBV of approximately $170,000		-			206,996
Note payable to a bank, due in quarterly installments of $53,996 bearing interest at 4.21% balloon payment of $800,000 due July 28, 2022, secured by related capital equipment, NBV of approximately $1,550,000		1,467,599			1,617,271
	$	1,780,5553		$	2,315,569
Less current portion notes payable		(188,478	)		(318,616	)
	$	1,592,077		$	1,996,953

Maturities of notes payable at June 30, 2018 are as follows:

Year ending June 30:
2019	$	188,478
2020	$	200,220
2021	$	208,944
2022	$	217,903
Thereafter	$	965,010