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(7) Long-Term Debt: Schedule of Long -term Debt (Tables)
12 Months Ended
Jun. 30, 2015
Tables/Schedules  
Schedule of Long -term Debt

 

 

 

 

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