Consolidated Balance Sheets (unaudited March 31, 2012) (USD $)	Mar. 31, 2012	Jun. 30, 2011	Jun. 30, 2010
ASSETS
Cash	$ 1,292	$ 24,410	$ 21,120
Accounts Receivable, Related Party	0	7,547
Total current assets	1,292	31,957	21,120
Land	622,642	622,641	525,000
Total assets	623,934	654,598	546,120
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	19,072	9,425	23,880
Current Portion of Long Term Debt, Bank	7,925	7,925	6,246
Notes Payable	136,285	165,976	169,084
Prepaid Rents	6,489	10,874	9,448
Taxes Payable	83,338	93,105	42,949
Total current liabilities	253,109	287,305	251,607
Long Term Bank Debt, unsecured	63,472	69,820	68,576
Other Long Term Debt, Related Party	38,793	38,793	36,458
Total liabilities	355,374	446,861	356,641
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)	(20,708,411)	(20,718,292)	(20,787,492)
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	268,560	258,679	191,173
Total liabilities and stockholders' equity	$ 623,934	$ 654,598	$ 546,120