NOTES PAYABLE

9 Months Ended

Mar. 31, 2017

Notes Payable [Abstract]

NOTES PAYABLE

NOTE 3 NOTES PAYABLE

The Company’s notes payable consists of:

		March 31,		June 30,
Payee	Terms	2017		2016
Nodaway Valley Bank	$350,000 line-of-credit agreement expiring on January 4, 2018, 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.		33,935		38,674
Toyota Credit	$364 monthly payments, interest of 3.5%; final payment due December 2020, secured by a vehicle.		15,344		18,179
Ford Credit	$468 monthly payments, interest of 2.9%; final payment due January 2019, secured by a vehicle.		10,045		14,004
Total			59,324		70,857
Less Current Portion			15,962		15,460
Long-Term Portion		$	43,362	$	55,397

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

March 31:	Amount
2018	$	15,962
2019		15,716
2020		11,652
2021		11,155
2022		4,839
Total	$	59,324