Consolidated Balance Sheets (audited) (USD $)	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
ASSETS
Cash	$ 5,775	$ 0	$ 24,410
Accounts Receivable, Related Party		0	7,547
Total current assets	5,775	(232)	31,957
Land	578,704	559,322	622,641
Total assets	584,479	559,322	654,598
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	22,591	9,547	9,425
Bank Overdrafts	0	232	0
Current Portion of Long Term Debt, Bank	7,386	7,119	7,925
Notes Payable	126,174	139,675	165,976
Prepaid Rents	0	1,294	10,874
Taxes Payable	61,476	67,682	93,105
Total current liabilities	217,627	225,549	287,305
Long Term Bank Debt, unsecured	47,560	54,469	69,820
Other Long Term Debt, Related Party	46,400	40,268	38,793
Total liabilities	311,587	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)	(20,704,078)	(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	272,893	239,036	258,679
Total liabilities and stockholders' equity	$ 584,479	$ 559,322	$ 654,598