Line of Credit (Details) - USD ($) |
3 Months Ended | 12 Months Ended | |
|---|---|---|---|
Sep. 30, 2020 |
Jun. 30, 2020 |
Jun. 30, 2019 |
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| Line of Credit Facility [Abstract] | |||
| Line of credit maximum borrowing capacity | $ 1,000,000 | $ 1,250,000 | |
| Interest rate basis | prime plus 0.5% | prime plus 0.05% | |
| Interest rate | 3.75% | 4.25% | 6.00% |
| Debt maturity | Oct. 29, 2021 | Oct. 12, 2020 | |
| Line of credit | $ 936,598 | ||
| Minimum average bank balance | $ 50,000 | $ 50,000 | |
| Percentage of curtailment of outstanding balance | 20.00% | ||
| Number of common stock owned by two stockholders | 50,000,000 | 850,000 | |
| Available credit line | $ 1,000,000 |
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- Definition Minimum average bank balance. No definition available.
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- Definition Number of common stock owned by two stockholders. No definition available.
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- Definition Percentage of curtailment of outstanding balance. No definition available.
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- Definition Description of any adjustments made to the stated rate to determine the effective rate. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Date the credit facility terminates, in CCYY-MM-DD format. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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