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Consolidated Balance Sheets (unaudited March 31, 2013) (USD $)
Mar. 31, 2013
Jun. 30, 2012
Jun. 30, 2011
ASSETS      
Cash $ 6,685 $ 0 $ 24,410
Accounts Receivable, Related Party 0 0 7,547
Total current assets 6,685 (232) 31,957
Land 559,322 559,322 622,641
Total assets 566,007 559,322 654,598
LIABILITIES AND STOCKHOLDERS' EQUITY      
Accounts payable 18,559 9,547 9,425
Bank Overdrafts   232  
Current Portion of Long Term Debt, Bank 7,119 7,119 7,925
Notes Payable 122,726 139,675 165,976
Prepaid Rents 0 1,294 10,874
Taxes Payable 71,040 67,682 93,105
Total current liabilities 211,944 225,549 287,305
Long Term Bank Debt, unsecured 47,834 54,469 69,820
Other Long Term Debt, Related Party 42,243 40,268 38,793
Total liabilities 309,521 320,054 446,861
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) (20,720,485) (20,737,935) (20,718,292)
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 256,486 239,036 258,679
Total liabilities and stockholders' equity $ 566,007 $ 559,322 $ 654,598