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Notes Payable
6 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Notes Payable

Note 4 – Notes Payable

          
   December 31,   June 30, 
   2024   2024 
Note payable – EIDL  $137,000   $139,000 
Short-term note payable   (9,000)   (9,000)
Long-term note payable  $128,000   $130,000 

 

In July 2020, the Company received a loan of $150,000 from the SBA under its Economic Injury Disaster Loan (EIDL) assistance program. The EIDL loan is payable over 30 years, bears interest at a rate of 3.75% per annum and secured by all tangible and intangible property of the Company.