NOTES RECEIVABLE

6 Months Ended

Dec. 31, 2021

NOTES RECEIVABLE

NOTE 5. 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:

	December 31,			June 30,
	2021			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		29,989			41,985
Note receivable from related party (see Note 17), due in six months, with no installments, 5% interest maturing March 2022		9,294			-
Total notes receivable		39,284			63,453
Less long-term		(5,997	)		(14,466	)
Total short term notes receivable	$	33,287		$	48,987

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

2022	$	33,287
2023		5,997
	$	39,284