Note 8 - Stockholders' Equity

12 Months Ended

Jul. 01, 2018

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

8.

STOCKHOLDERS' EQUITY

The Class A shares have

one

vote per share. The Class B shares

may

vote

ten

votes per share and are convertible to Class A shares at the option of the stockholder.

At

July 1, 2018,

and

July 2, 2017,

the Company had

$34,799

in employee loans related to the issuance of shares, respectively. These loans are secured by the shares of the Company's common stock acquired and are full recourse notes. The notes bear interest at rates of

2%

to

2.5%

and are payable over a term of

three

years from the date of the agreements which range from

2017

to

2018.

These employee loans have been recorded as a reduction of additional paid-in capital.