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NOTES RECEIVABLE
9 Months Ended
Mar. 31, 2019
Receivables [Abstract]  
Financing Receivables [Text Block]

NOTE 5. NOTES RECEIVABLE


The Company has invested in a note receivable with an unrelated third party which has an annual interest rate of 15 percent and matures in November 2021. Interest is paid monthly. Principal repayments began in February 2019 and will continue quarterly until maturity. The balance of this note was $216,000 at March 31, 2019, with $73,000 included in Notes Receivable in current assets and $143,000 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.