(7) Long-Term Debt

12 Months Ended

Jun. 30, 2015

Notes

(7) Long-Term Debt

(7)  Long Term Debt

Long term debt consists of the following as of June 30:

			2015		2014
	6.44% promissory note secured by trust deed on real property, maturing January 2021, payable in monthly installments of $13,278	$	745,562	$	853,090
	5.235% promissory note secured by building, maturing December 2017, payable in monthly installments of $16,985		-		644,962
	Promissory note secured by a vehicle, payable in monthly installments of $639 through February 2019		27,168		33,913
	8.49% promissory note secured by equipment, payable in monthly installments of $2,097 through December 2014		-		12,279
	5.887% promissory note secured by a vehicle, payable in monthly installments of $390 through March 2017		-		12,140
	13.001% promissory note secured by equipment, payable in monthly installments of $70 through October 2015		272		1,023
			773,002		1,557,407
Less current portion			(121,884)		(302,274)
		$	651,118	$	1,255,133

The aggregate maturities of long term debt for each of the years subsequent to June 30, 2015 are as follows: 2016, $121,884; 2017, $129,428; 2018, $137,756; 2019, $144,707; 2020, $148,249 and thereafter $90,978.