NOTES RECEIVABLE

12 Months Ended

Jun. 30, 2021

NOTES RECEIVABLE

NOTE 5. NOTES RECEIVABLE

The Company’s wholly-owned subsidiary Sarah Adult Day Services, Inc., has notes receivables from two franchises, which were previously converted from trade receivables. They are as follows:

	June 30,
	2021
Notes receivable from a franchise, due in monthly installments of $5,000, no interest, maturing December 2021	$	21,468
Notes receivable from a franchise, due in monthly installments of $1,999, no interest, maturing March 2023		41,985
Total notes receivable		63,453
Less long-term		(14,466	)
Total short term notes receivable	$	48,987

Principal to be collected during the next three years is as follows:

2022	$	48,987
2023		14,466
	$	63,453