Consolidated Balance Sheets (audited) (USD $)	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2009
ASSETS
Cash	$ 24,410	$ 21,120	$ 31,268
Accounts Receivable, Related Party	7,547		5,283
Total current assets	31,957	21,120	36,551
Land	622,641	525,000	650,000
Total assets	654,598	546,120	686,551
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	9,425	23,880	24,389
Current Portion of Long Term Debt, Bank	7,925	6,246	7,011
Notes Payable	165,976	169,084	177,000
Prepaid Rents	10,874	9,448	14,883
Taxes Payable	93,105	42,949	42,115
Total current liabilities	287,305	251,607	265,398
Long Term Bank Debt, unsecured	69,820	68,576	86,902
Other Long Term Debt, Related Party	38,793	36,458	38,015
Total liabilities	446,861	356,641	390,315
Stockholders' equity:
Convertible preferred stock, Series 2, par value $0.01; authorized 10,000,000 shares; issued and outstanding 5,000 shares liquidating preference $25,000	50	50	50
Convertible preferred stock, Series 3, par value $0.01; authorized and issued, 1,670,000 shares	16,700	16,700	16,700
Convertible preferred stock, Series 4; 1 issued and outstanding	0	0	0
Convertible preferred stock, Series 5; issued, 1 share	0	0	0
Common stock, par value $0.01; authorized, 90,000,000 shares; issued 46,973,585 shares, outstanding 45,853,585 shares	469,736	469,736	469,736
Additional paid-in capital	20,497,769	20,497,769	20,497,769
Retained Earnings (Accumulated Deficit)	(20,718,292)	(20,787,492)	(20,680,735)
Less treasury stock, at cost. [1,670,000 shares of convertible preferred stock, Series 3] and [1,120,000 shares of common stock]	(7,284)	(7,284)	(7,284)
Total stockholders' equity	258,679	191,173	296,236
Total liabilities and stockholders' equity	$ 654,598	$ 546,120	$ 686,551