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3. CAPITAL LEASE OBLIGATION
9 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
CAPITAL LEASE OBLIGATION

The Company entered into a five-year capital lease obligation in January 2016 for the acquisition of manufacturing equipment totaling $51,252. At March 31, 2017, future minimum lease payments under the capital lease obligation are as follows:

 

Fiscal Year Ending June 30:  Amount 
2017  $2,563 
2018   10,250 
2019   10,250 
2020   10,250 
2021   5,126 
Total minimum payments   38,439 
Less: amount representing interest   4,471 
Present value of minimum lease payments   33,968 
Less: current portion   8,254 
   $25,714