XML 39 R26.htm IDEA: XBRL DOCUMENT v3.20.2
NOTE 19 - SUBSEQUENT EVENTS
12 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]  
NOTE 19- SUBSEQUENT EVENTS

NOTE 19 – SUBSEQUENT EVENTS

 

The Company evaluates events that have occurred after the balance sheet date, but before the consolidated financial statements are issued.

 

Amendment of Revolving Credit Agreement. 

 

During September 2020 the Company amended their revolving credit agreement. The terms increase the borrowing limits from $3,000,000 to $10,000,000 and the agreement was extended to August 2021. The interest rate on borrowings remains at 4% along with certain financial covenants.