(7) Long-Term Debt

12 Months Ended

Jun. 30, 2016

Notes

(7) Long-Term Debt

(7)     Long Term Debt

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

			2016		2015
	6.44% promissory note secured by trust deed on real property, maturing January 2021, payable in monthly installments of $13,278	$	630,901	$	745,562
	5.99% promissory note secured by a vehicle, payable in monthly installments of $833 through December 2020		39,355		-
	Promissory note secured by a vehicle, payable in monthly installments of $639 through February 2019		20,218		27,168
	13.001% promissory note secured by equipment, payable in monthly installments of $70 through October 2015		-		272
			690,474		773,002
Less current portion			(137,283)		(121,884)
		$	553,191	$	651,118

The aggregate maturities of long term debt for each of the years subsequent to June 30, 2016 are as follows: 2017, $137,283; 2018, $146,094; 2019, $153,559; 2020, $157,646 and 2021, $95,892.