XML 25 R16.htm IDEA: XBRL DOCUMENT v3.7.0.1
EARNINGS PER SHARE (Details) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Class of Stock [Line Items]        
Net Loss $ (114,145) $ (78,515) $ (142,558) $ (9,579)
Preferred Dividend Requirements:        
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 (in shares) 2,003,168 2,003,168 2,003,168 2,003,168
Basic Loss per Share (in dollars per share) $ (0.15) $ (0.11) $ (0.25) $ (0.11)
Diluted Loss per Share (in dollars per share) $ (0.15) $ (0.11) $ (0.25) $ (0.11)
6% Prior Cumulative Preferred, $5 Par Value        
Preferred Dividend Requirements:        
Total Dividend Requirements $ 15,000 $ 15,000 $ 45,000 $ 45,000
5% Convertible Cumulative Preferred, $20 Par Value        
Preferred Dividend Requirements:        
Total Dividend Requirements $ 17,018 $ 17,018 $ 51,054 $ 51,054