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3. CAPITAL LEASE OBLIGATION (Sept. 2017 Note) | 3 Months Ended
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Sep. 30, 2017
Debt Disclosure [Abstract] |
CAPITAL LEASE OBLIGATION | The Company entered into a five-year capital lease obligation in January 2016 for the acquisition of manufacturing equipment totaling $51,252. At September 30, 2017, future minimum lease payments under the capital lease obligation are as follows:
Fiscal Year Ending June 30: |  |  | Amount |
| 2018 |  |  | $ | 7,688 |
| 2019 |  |  |  | 10,250 |
| 2020 |  |  |  | 10,250 |
| 2021 |  |  |  | 5,126 |
| Total minimum payments |  |  |  | 33,314 |
| Less: amount representing interest |  |  |  | 3,405 |
| Present value of minimum lease payments |  |  |  | 29,909 |
| Less: current portion |  |  |  | 8,531 |
|  |  |  | $ | 21,378 |

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- Definition The entire disclosure for debt and capital lease obligations can be reported. Information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Also includes descriptions and amounts of capital leasing arrangements that consist of direct financing, sales type and leveraged leases. Disclosure may include the effect on the balance sheet and the income statement resulting from a change in lease classification for leases that at inception would have been classified differently had guidance been in effect at the inception of the original lease. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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- References No definition available. + Details
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