Note 2 - Note Payable

3 Months Ended

Oct. 02, 2016

Notes to Financial Statements

Debt, Policy [Policy Text Block]

2. Note Payable

     In August 2016 the Company obtained a $500,000 short-term loan that matures in February 2017. The loan bears interest at the one month LIBOR rate plus 2.5% with interest only payable monthly. A portion of the loan is collateralized by certificates of deposits.