NOTES PAYABLE

6 Months Ended

Dec. 31, 2018

Notes Payable [Abstract]

NOTES PAYABLE

NOTE 3 NOTES PAYABLE

The Company’s long-term debt consists of:

		December 31,		June 30,
Payee	Terms	2018		2018
Nodaway Valley Bank	$350,000 line-of-credit agreement expiring on January 4, 2020, with a variable interest rate at prime but not less than 5%.  The line-of-credit is collateralized by substantially all assets of the Company.	$	-	$	-
Ford Credit	$705 monthly payments, interest of 5.8%; final payment due October 2021, secured by a vehicle.		22,036		25,560
Toyota Credit	$364 monthly payments, interest of 3.5%; final payment due December 2020, secured by a vehicle.		8,433		10,451
Total			30,469		36,011
Less Current Portion			11,507		11,224
Long-Term Portion		$	18,962	$	24,787

Future minimum payments for the twelve months ending December 31 are:

December 31:	Amount
2019	$	11,507
2020		12,098
2021		6,864
Total	$	30,469