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NOTES RECEIVABLE
6 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Financing Receivables [Text Block]

NOTE 5. NOTES RECEIVABLE


The Company has invested in a note receivable of $234,000, which is with an unrelated third party, has an annual interest rate of 15 percent and matures in 2021. Interest is paid monthly. Principal repayments are scheduled to start in February 2019. The balance of this note was $234,000 at December 31, 2018, with $70,000 included in Notes Receivable in current assets and $164,000 as Note Receivable, non-current.


The Company considered the credit quality of the other party and determined that no allowance for credit losses is necessary.