COMMITMENTS (Tables)

12 Months Ended

Jun. 30, 2017

Commitments and Contingencies Disclosure [Abstract]

Schedule of Asset Retirement Obligations

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

 

	Year ended June 30,
	2017		2016
Balance at beginning of year	$	18,759	$	-
Liabilities incurred		-		18,527
Accretion expense		938		232
Balance at end of year	$	19,697	$	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 June 30, 2017 and June 30, 2016 are summarized below:

	As of June 30,
	2017			2016
Weighted-average remaining lease term (in years)
Operating leases		2.37			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 consolidated balance sheets as of June 30, 2017:

2018	$	69,805
2019		64,297
2020		24,954
2021		-
2022		-
Thereafter		-
Total undiscounted lease payments		159,056
Present value adjustment		(8,842)
Net operating lease liabilities	$	150,214