COMMITMENTS (Tables)

6 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Schedule of Asset Retirement Obligations

The table below summarizes the asset retirement obligation balances and activity:

	December 31, 2016		June 30, 2016
Balance at beginning of period	$	18,759	$	-
Liabilities incurred		-		18,527
Accretion expense		463		232
Balance at end of period	$	19,222	$	18,759

Summary Of Weighted average Discount Rate For Finance And Operating Leases

Information regarding the weighted-average remaining lease term and the weighted-average discount rate for operating leases as of December 31, 2016 and June 30, 2016 are summarized below:

	December 31, 2016		June 30, 2016
Weighted-average remaining lease term (in years)
Operating leases		2.22		1.33
Weighted-average discount rate
Operating leases		5.0%		5.0%

Schedule Of Future Minimum Rental Payments For Operating Leases

The table below reconciles the undiscounted cash flows for the first five years and total of the remaining years to the operating lease liabilities recorded in the condensed consolidated balance sheets as of December 31, 2016:

	Operating Leases
2017	$	28,790
2018		44,080
2019		37,800
2020		-
2021		-
Thereafter		-
Total undiscounted lease payments		110,670
Present value adjustment		(6,837)
Net operating lease liabilities	$	103,833