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BANK FINANCING ACTIVITIES (Tables) | 9 Months Ended
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Mar. 31, 2023
Debt Disclosure [Abstract] |
Schedule of long-term debt |
Schedule of long-term debt |  |  |
|  | Amount |
Term Loan Note payable to Main Street Bank with monthly principal payments of $30,952 plus interest at the rate of 7.00% as of March 31, 2023 is secured by all assets of the Company, and subject to certain periodic reporting to the bank, an annual minimum EBITDA plus stock based compensation to debt service coverage ratio of 1.20:1 commencing with the fiscal year ending June 30, 2023, and other conditions. The Term Loan Note matures on October 15, 2028. |  | $ | 2,073,808 |
Less current maturities |  |  | (371,429 | )
Less debt issuance costs, net of accumulated amortization of $2,789 |  |  | (20,737 | )
Long-term debt, net of current portion of debt issuance costs |  | $ | 1,681,642 |
Schedule of principal payments due term loan note payable |
Schedule of principal payments due term loan note payable |  |  |
Fiscal Year Ending June 30: |  |  |
2023 |  | $ | 92,856 |
2024 |  |  | 371,429 |
2025 |  |  | 371,429 |
2026 |  |  | 371,429 |
2027 |  |  | 371,429 |
Thereafter |  |  | 495,236 |
Total long term debt |  | $ | 2,073,808 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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