INSURANCE NOTE PAYABLE

6 Months Ended

Dec. 31, 2019

Loans Payable [Abstract]

INSURANCE NOTE PAYABLE

5. INSURANCE NOTE PAYABLE

We finance a portion of our insurance premiums. At December 31, 2019, there was a $159,799 outstanding balance due on our premium finance agreements. The agreements have effective interest rates of 6.2% to 10.9%. The policies related to these premiums expire between July and October 2020.