EARNINGS PER SHARE (Tables)

9 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Schedule of income per share computed on the weighted average of outstanding common shares

	Three Months Ended						Nine Months Ended
	March 31						March 31
	2017			2016			2017			2016
Net Loss	$	(114,145	)	$	(78,515	)	$	(142,558	)	$	(9,579	)
Preferred Dividend Requirements:
6% Prior Cumulative Preferred, $5 Par Value		15,000			15,000			45,000			45,000
5% Convertible Cumulative Preferred, $20 Par Value		17,018			17,018			51,054			51,054
Total Dividend Requirements		32,018			32,018			96,054			96,054
Net Loss - Common Stockholders	$	(146,163	)	$	(110,533	)	$	(238,612	)	$	(105,633	)
Weighted Average Shares - Basic		969,834			969,834			969,834			969,834
Dilutive Effect of Contingently Issuable Shares		1,033,334			1,033,334			1,033,334			1,033,334
Weighted Average Shares – Diluted		2,003,168			2,003,168			2,003,168			2,003,168
Basic Loss per Share	$	(0.15	)	$	(0.11	)	$	(0.25	)	$	(0.11	)
Diluted Loss per Share	$	(0.15	)	$	(0.11	)	$	(0.25	)	$	(0.11	)

Schedule of total dividends in arrears, on a per share basis

	Nine Months Ended
	March 31
	2017		2016
6% Convertible
Series A	$	17	$	17
Series B		17		17
5% Convertible
Series A	$	68	$	67
Series B		68		67