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Unsecured Lines of Credit
6 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Unsecured Lines of Credit

NOTE 14. 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 $52,632 at December 31, 2019 and $25,278 at June 30, 2019.