NOTES RECEIVABLE	9 Months Ended
Mar. 31, 2014
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%. On February 21, 2014, remaining balance of the note, in the amount of $14,000 was sold for $10,000. As of March 31, 2014 and June 30, 2013, balances under the Note were $0 and $19,711, respectively. Interest income for the nine months ended March 31, 2014 and 2013 was $947 and $1,328, 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. On March 12, 2014, remaining balance of the note, in the amount of $18,501 was sold for $12,951. As of March 31, 2014 and June 30, 2013, balances under the Note were $0 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 March 31, 2014 and June 30, 2013, balances under the Note were $3,043 and $4,237, respectively. Interest income for the nine months ended March 31, 2014 and 2013 was $195 and $85, respectively. Effective January 22, 2014, the Company sold its third 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 March 31, 2014 there has been no activity on the note.

NOTES RECEIVABLE

9 Months Ended

Mar. 31, 2014

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%. On February 21, 2014, remaining balance of the note, in the amount of $14,000 was sold for $10,000. As of March 31, 2014 and June 30, 2013, balances under the Note were $0 and $19,711, respectively. Interest income for the nine months ended March 31, 2014 and 2013 was $947 and $1,328, 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. On March 12, 2014, remaining balance of the note, in the amount of $18,501 was sold for $12,951. As of March 31, 2014 and June 30, 2013, balances under the Note were $0 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 March 31, 2014 and June 30, 2013, balances under the Note were $3,043 and $4,237, respectively. Interest income for the nine months ended March 31, 2014 and 2013 was $195 and $85, respectively.

Effective January 22, 2014, the Company sold its third 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 March 31, 2014 there has been no activity on the note.