INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2018

INCOME TAXES (Tables)

Schedule of difference between the expected income tax expense (benefit) and the actual tax expense (benefit) computed by using the Federal statutory rate

				Tax						Tax
	2018			Rate			2017			Rate
Expected income tax benefit at statutory rate of 39%	$	188,000			39	%	$	169,000			39	%
Permanent differences		(124,000	)		(26	%)		(124,000	)		(30	%)
Change in estimate		-0-			-0-			(17,000	)		(4	%)
Change in valuation allowance		(64,000	)		(6	%)		(28,000	)		(6	%)
Income tax expense (benefit)				$	-0-					$	-0-

Schedule of Temporary differences, which give rise to a net deferred tax asset recognized in different years

Deferred tax assets:	2018			2017
Tax benefit of net operating loss carry-forward	$	497,000		$	465,000
Book and tax difference		102,000			89,000
Less: valuation allowance		(599,000	)		(554,000	)
Net deferred tax asset	$	-0-		$	-0-