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Unsecured Lines of Credit
3 Months Ended
Sep. 30, 2015
Notes to Financial Statements  
Unsecured Lines of Credit

NOTE 13. UNSECURED LINES OF CREDIT

 

The Company has drawn a cash advance on one unsecured line of credit that is in the name of the Company and Louis S. Friedman. The terms of this unsecured line of credit calls for monthly payments of principal and interest, with interest at 8%. The aggregate amount owed on the unsecured line of credit was $37,334 at September 30, 2015 and $40,731 at June 30, 2015.