FORGIVABLE LOAN AND DEFERRED INCOME	12 Months Ended
Jun. 30, 2025
FORGIVABLE LOAN AND DEFERRED INCOME
FORGIVABLE LOAN AND DEFERRED INCOME	NOTE 3 FORGIVABLE LOAN AND DEFERRED INCOME During 2004, the Company received a $25,000 economic development incentive from Buchanan County, which is a five-year forgivable loan at a rate of $5,000 per year. Notice was received February 6, 2009 from the Buchanan County Commission, that the Company had fulfilled its minimum loan requirements so that the loan was forgiven in full and has no further obligations. Since the Company was no longer legally required to return the monies, the liability was reclassified as deferred revenue and amortized into income over the life of the lease term of the new facility. Deferred revenue is recognized on a straight line basis over the lease term of 20 years. Deferred revenue of $972 and $1,299, respectively, was amortized into miscellaneous income during the years ended June 30, 2025 and 2024.

FORGIVABLE LOAN AND DEFERRED INCOME

12 Months Ended

Jun. 30, 2025

NOTE 3 FORGIVABLE LOAN AND DEFERRED INCOME

During 2004, the Company received a $25,000 economic development incentive from Buchanan County, which is a five-year forgivable loan at a rate of $5,000 per year. Notice was received February 6, 2009 from the Buchanan County Commission, that the Company had fulfilled its minimum loan requirements so that the loan was forgiven in full and has no further obligations. Since the Company was no longer legally required to return the monies, the liability was reclassified as deferred revenue and amortized into income over the life of the lease term of the new facility. Deferred revenue is recognized on a straight line basis over the lease term of 20 years. Deferred revenue of $972 and $1,299, respectively, was amortized into miscellaneous income during the years ended June 30, 2025 and 2024.