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Note 12 - Loans - Property and Equipment
 6 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Loan Commitments [Text Block]
NOTE
12
.
LOANS
- PROPERTY AND EQUIPMENT
 
As of
December 31, 2019
, Brigadier had repaid all the loan balances related to vehicle purchases and had taken out a new loan facilitating the purchase of the Saskatoon office land and building. The initial principal balance was
CD$525,000
(approximately
US$401,000
translated as of the loan date
July 1, 2019)
with an annual interest rate of
4.14%
maturing
June 30, 2024.
The short-term portion of principal for this loan due within
12
months as of
December 31, 2019
is
CD$17,594
 (approximately
US$13,556
) and the long term principal amount due is
CD$498,905
(approximately
US$384,412
). For each vehicle purchased in prior periods, the loan principal together with interest was amortized over
60
equal monthly installments. The Condensed Consolidated Balance Sheets as of
December 31, 2019
and 
June 30, 2019
include the amount of the principal balance on vehicle loans which is due within
twelve
months as a current liability of
zero
and
US$26,241,
respectively. Principal amounts under the vehicle loans which is due after
twelve
months are recorded in long term liabilities as
zero
and
US$61,057
as of
December 31, 2019
and
June 30, 2019
, respectively. Interest on the loans is expensed or accrued as it becomes due. Total interest on all loans for the
three
and
six
months ended
December 31, 2019
was
US$4,064
and
US$8,990,
respectively, as compared to the 
three
and
six
months ended
December 31, 2018
of
US$1,133
and
US$3,137,
respectively.