(8) Long-Term Debt

12 Months Ended

Jun. 30, 2017

Notes

(8) Long-Term Debt

(8)     Long Term Debt

Long term debt consists of the following as of June 30:

			2017		2016
	6.44% promissory note secured by trust deed on real property, maturing January 2021, payable in monthly installments of $13,278	$	508,633	$	630,901
	5.99% promissory note secured by a vehicle, payable in monthly installments of $833 through December 2020		31,500		39,355
	Promissory note secured by a vehicle, payable in monthly installments of $639, paid in full		-		20,218
	6.04% promissory note secured by copier equipment, payable monthly installments of $851 through February 2022		43,989		-
	3.99% promissory note secured by equipment, payable in monthly installments of $247 through February 2023		14,822		-
	3.97% promissory note  secured by equipment, payable in monthly installments of $242 through February 2021		9,878		-
	7.56% promissory note  secured by copier equipment, payable in monthly installments of $166 through February 2020		4,792		-
			613,614		690,474
Less current portion			(151,808)		(137,283)
		$	461,806	$	553,191

The aggregate maturities of long term debt for each of the years subsequent to June 30, 2017 are as follows: 2018, $151,808; 2019, $163,031; 2020, $172,988; 2021, $109,731; 2022, $12,617 and 2023, $3,439.