LINES-OF-CREDIT

3 Months Ended

Sep. 30, 2022

LINES-OF-CREDIT

LINE OF CREDIT

NOTE 3        LINES-OF-CREDIT

The Company’s debt consists of:

		September 30,		June 30,
Payee	Terms	2022		2022
Nodaway Valley Bank	$150,100 line-of-credit agreement expiring on January 4, 2023, with an interest rate of 5.75%. The line of credit is collateralized by substantially all assets of the Company.	$	100,000	$	—
Nodaway Valley Bank	$350,000 line-of-credit agreement expiring on January 4, 2023, 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.		350,000		120,000
	Total		450,000		120,000
	Less Current Portion		450,000		120,000
	Long-Term Portion	$	—	$	—

Subsequent to September 30, 2022, the prime rate of interest increased to 7.00%