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Note E - Line of Credit
9 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Debt Disclosure [Text Block]
NOTE E - LINE OF CREDIT
 
The Company held a
$250,000,
due-on-demand line of credit with a financial institution. The line of credit was
not
renewed in
April 2018.
The Company put in place a new line of credit from a different financial institution on
October 9, 2018.
The line of credit is collateralized by all accounts and general intangibles, matures on
October 9, 2020,
accrues interest at “prime” rate and is guaranteed by Justice Anderson, the Chief Executive Officer of the Company.