NOTES RECEIVABLE	6 Months Ended
Dec. 31, 2013
Notes to Financial Statements
NOTES RECEIVABLE	NOTE 4. NOTES RECEIVABLE Effective July 1, 2012, the Company sold its first franchise. Of the total $35,000 franchise fee, $28,000 was financed under a note, with a term of 38 months, and annual interest rate of 7%. As of December 31 and June 30, 2013, balances under the Note were $15,344 and $19,711, respectively. Principal received for the six months ended December 31, 2013 and 2012 was $4,367 and $4,072, respectively. Interest income for the same periods was $627 and $921, respectively. Effective December 15, 2012, the Company sold its second franchise. Of the total $35,000 franchise fee, $34,000 was financed. Under the agreement, franchisee will pay 10% of gross revenue, not to exceed $1,000 per month, toward the balance, which will not accrue any interest. As of December 31 and June 30, 2013, balances under the Note were $19,691 and $29,880, respectively. On January 1, 2013, the Company sold equipment to the second franchisee and financed the total amount of $5,000 under a note, with a term of 36 months, and annual interest rate of 7%. As of December 31 and June 30, 2013, balances under the Note were $3,448 and $4,237, respectively. Principal received for the six months ended December 31, 2013 was $789. Interest income for the same period was $137.

NOTES RECEIVABLE

6 Months Ended

Dec. 31, 2013

NOTE 4. NOTES RECEIVABLE

Effective July 1, 2012, the Company sold its first franchise. Of the total $35,000 franchise fee, $28,000 was financed under a note, with a term of 38 months, and annual interest rate of 7%. As of December 31 and June 30, 2013, balances under the Note were $15,344 and $19,711, respectively. Principal received for the six months ended December 31, 2013 and 2012 was $4,367 and $4,072, respectively. Interest income for the same periods was $627 and $921, respectively.

Effective December 15, 2012, the Company sold its second franchise. Of the total $35,000 franchise fee, $34,000 was financed. Under the agreement, franchisee will pay 10% of gross revenue, not to exceed $1,000 per month, toward the balance, which will not accrue any interest. As of December 31 and June 30, 2013, balances under the Note were $19,691 and $29,880, respectively.

On January 1, 2013, the Company sold equipment to the second franchisee and financed the total amount of $5,000 under a note, with a term of 36 months, and annual interest rate of 7%. As of December 31 and June 30, 2013, balances under the Note were $3,448 and $4,237, respectively. Principal received for the six months ended December 31, 2013 was $789. Interest income for the same period was $137.