NOTES RECEIVABLE

12 Months Ended

Jun. 30, 2020

Receivables [Abstract]

Financing Receivables [Text Block]

NOTE 7. NOTES RECEIVABLE

The Company held a note receivable with principal of approximately $199,000 (all current) at June 30, 2019. The note was with an unrelated third party, had an annual interest rate of 15 percent and was scheduled to mature in 2021. Quarterly principal repayments on the note started in February 2019. The issuer elected an early redemption option and paid the note in full in July 2019. Proceeds were received for the principal and all accrued interest, and no gain or loss was realized. There were no notes receivable as of June 30, 2020.