8. BANK LOANS AND NOTES PAYABLE (Tables)

6 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Bank loans and notes payable

	December 31, 2014		June 30, 2014
Bank loans and notes payable-current	$	356,065	$	351,142
Bank loans and notes payable-long term		1,866,222		2,045,127
Total	$	2,222,287	$	2,396,269

Bank loans and notes payable consisted of the following as of:

	December 31, 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.	$	937,861	$	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.		599,655		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.		684,771		701,716
	$	2,222,287	$	2,396,269

(a)   As of April 2013, the Wisconsin Economic Development Corporation granted the Company a 12-month deferral of the required installment payments of $22,800.  On March 1, 2014, fifty equal monthly installments of $23,685 commenced through April 1, 2018 with the final installment due on May 1, 2018.

Maximum aggregate annual principal payments for fiscal periods

2015	$	176,811
2016		361,042
2017		371,383
2018		761,037
2019		42,917
2020 and thereafter		509,097
	$	2,222,287