Consolidated Balance Sheets (audited) (USD $)	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
ASSETS
Cash	$ 0	$ 24,410	$ 21,120
Accounts Receivable, Related Party	0	7,547
Total current assets	(232)	31,957	21,120
Land	559,322	622,641	525,000
Total assets	559,322	654,598	546,120
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	9,547	9,425	23,880
Bank Overdrafts	232	0	0
Current Portion of Long Term Debt, Bank	7,119	7,925	6,246
Notes Payable	139,675	165,976	169,084
Prepaid Rents	1,294	10,874	9,448
Taxes Payable	67,682	93,105	42,949
Total current liabilities	225,549	287,305	251,607
Long Term Bank Debt, unsecured	54,469	69,820	68,576
Other Long Term Debt, Related Party	40,268	38,793	36,458
Total liabilities	320,054	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)	(20,737,935)	(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	239,036	258,679	191,173
Total liabilities and stockholders' equity	$ 559,322	$ 654,598	$ 546,120