Loan Payable	9 Months Ended
Mar. 31, 2022
Loan Payable
Loan Payable	Note 7 – Loan Payable The Company financed its Directors and Officers liability insurance policies through BankDirect for the periods January 1, 2022 to December 31, 2022, and January 1, 2021 to December 31, 2021. The original loan balances as of January 1, 2022, and January 1, 2021 was $234,198, and $235,476, respectively, payable at the rate of $23,932 and $24,062 monthly including interest at an annual rate of 4.74% and 5% respectively, through October of each year. At March 31, 2022 and June 30, 2021, the loan balance was $164,905, and $95,306, respectively. For the three and nine months ended March 31, 2022, the Company incurred interest expense of $2,502 and $3,445, respectively. For the three and nine months ended March 31, 2021, the Company incurred interest expense of $2,516 and $3,282, respectively.

Loan Payable

9 Months Ended

Mar. 31, 2022

Note 7 – Loan Payable

The Company financed its Directors and Officers liability insurance policies through BankDirect for the periods January 1, 2022 to December 31, 2022, and January 1, 2021 to December 31, 2021. The original loan balances as of January 1, 2022, and January 1, 2021 was $234,198, and $235,476, respectively, payable at the rate of $23,932 and $24,062 monthly including interest at an annual rate of 4.74% and 5% respectively, through October of each year. At March 31, 2022 and June 30, 2021, the loan balance was $164,905, and $95,306, respectively. For the three and nine months ended March 31, 2022, the Company incurred interest expense of $2,502 and $3,445, respectively. For the three and nine months ended March 31, 2021, the Company incurred interest expense of $2,516 and $3,282, respectively.