8. BANK LOANS AND NOTES PAYABLE (Tables)

3 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Bank loans and notes payable

	September 30, 2014		June 30, 2014
Bank loans and notes payable-current	$	353,600	$	351,142
Bank loans and notes payable-long term		1,956,011		2,045,127
Total	$	2,309,611	$	2,396,269

	September 30, 2014		June 30, 2014
Note payable to Wisconsin Econcomic Development Corporation payable in monthly installments of $23,685, including interest at 2%, with the final payment due  May 1, 2018; collateralized by equipment purchased with the loan proceeds and substantially all assets of the Company not otherwise collateralized.  The Company is required to maintain and increase a specified number of employees, and the interest rate is increased in certain cases for failure to meet this requirement. See  note (a) below.	$	1,004,019	$	1,069,793
Bank loan payable in fixed monthly payments of $6,800 of principal and interest at a rate of 0.25% below prime, as defined, subject to a floor of 5% with any principal due at maturity on June 1, 2018; collateralized by the building and land.		612,289		624,760
Note payable in fixed monthly installments of $6,610 of principal and interest at a rate of 5.5% with any principal due at maturity on May 1, 2028; collateralized by the building and land.		693,303		701,716
	$	2,309,611	$	2,396,269

Maximum aggregate annual principal payments for fiscal periods

2015	$	264,305
2016		361,051
2017		371,392
2018		358,373
2019		105,823
2020 and thereafter		848,667
	$	2,309,611