Long term debt (Notes)

3 Months Ended

Sep. 30, 2023

Debt Instrument [Line Items]

Long-term Debt [Text Block]

Economic Injury Disaster Loan ("EIDL")

    EIDL is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue due to the Coronavirus (COVID-19) pandemic. EIDL proceeds can be used to cover a wide array of working capital and normal operating expenses, such as continuation to health care benefits, rent, utilities, and fixed debt payments. The Company received a $150,000 EIDL loan. The annual interest rate is 3.75%. The payment term is 30 years and the monthly payment of $731 started on July 1st, 2021. The EIDL loan is secured by the tangible and intangible personal property of the Company.

    The future annual principal amounts to be paid as of September 30, 2023 are as follows:

Year ending June 30,	EIDL Payment
2024 (remainder of FY 2024)	$	2,324
2025	3,202
2026	3,324
2027	3,744
2028	3,594
Thereafter	131,904
Total	$	148,092