NOTE 1 - BASIS OF PRESENTATION: Trade Accounts Receivable (Policies) |
12 Months Ended |
|---|---|
Jun. 30, 2022 | |
| Policies | |
| Trade Accounts Receivable | Trade Accounts Receivable
Accounts receivable are reflected at estimated net realizable value. The Company maintains an allowance for doubtful accounts based upon a variety of factors. The Company reviews all open accounts and provides specific reserves for customer collection issues when it believes a loss is probable. The reserve estimate includes consideration of such factors as the length of time receivables are past due, the financial condition of the customer, and historical experience. The Company also records a reserve for all customers, excluding those that have been specifically reserved for, based upon evaluation of historical losses which exceeded the specific reserves the Company had established. For the years ended June 30, 2022 and 2021, the Company recognized bad debt expense in the amounts of $0 and $0, respectively. |