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NOTES PAYABLE
12 Months Ended
Jun. 30, 2021
NOTES PAYABLE  
NOTE 8. NOTES PAYABLE

As of June 30, 2021 and 2020, the Company had $715,143 and $0, respectively, in outstanding notes payable. As of June 30, 2021 and June 30, 2020, the Company had $908 and $0, respectively, in accrued interest related to these notes. All of these notes were assumed in connection with the acquisition on March 25, 2021. Notes 1, 2 and 3 were issued in connection with the purchase price.

  

Ref No.

 

 

Date of Note Issuance

 

Original Principal Balance

 

 

Maturity Date

 

Interest

Rate %

 

 

Principal Balance 6/30/21

 

 

 Principal

Balance

6/30/20

 

 

1

 

 

12/25/2020

 

$ 146,021

 

 

12/15/2020

 

 

10 %

 

$ 137,755

 

 

 

-

 

 

2

 

 

3/25/2021

 

 

308,500

 

 

6/3/2021

 

 

10 %

 

 

308,500

 

 

 

-

 

 

3

 

 

3/25/2021

 

 

37,949

 

 

6/3/2021

 

 

10 %

 

 

37,949

 

 

 

-

 

 

3

 

 

3/25/2021

 

 

47,436

 

 

6/3/2021

 

 

10 %

 

 

47,436

 

 

 

-

 

 

4

 

 

3/25/2021

 

 

158,503

 

 

6/3/2021

 

 

10 %

 

 

158,503

 

 

 

-

 

 

5

 

 

5/10/2021

 

 

20,000

 

 

11/10/2021

 

 

5 %

 

 

20,000

 

 

 

-

 

 

6

 

 

6/29/2021

 

 

5,000

 

 

12/29/2021

 

 

5 %

 

 

5,000

 

 

 

-

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

$ 715,143

 

 

 

-