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NOTE 21 – SUBSEQUENT EVENTS
12 Months Ended
Jun. 30, 2021
Subsequent Events [Abstract]  
NOTE 21 – SUBSEQUENT EVENTS

NOTE 21 – SUBSEQUENT EVENTS

 

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

 

During August 2021 the Company amended their revolving credit agreement. The agreement was extended to August 2022. The interest rate on borrowings remains at 4% along with certain financial covenants.

 

The loan of $700,764 received under the Paycheck Protection Program was forgiven in August 2021.