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Consolidated Balance Sheets (unaudited March 31, 2014) (USD $)
Mar. 31, 2014
Jun. 30, 2013
Jun. 30, 2012
ASSETS      
Cash $ 85,681 $ 5,775 $ 0
Total current assets 85,681 5,775 (232)
Land 578,704 578,704 559,322
Total assets 664,385 584,479 559,322
LIABILITIES AND STOCKHOLDERS' EQUITY      
Accounts payable 2,100 22,591 9,547
Bank Overdrafts   0 232
Current Portion of Long Term Debt, Bank 31,524 7,386 7,119
Notes Payable 127,029 126,174 139,675
Prepaid Rents 0 0 1,294
Taxes Payable 10,404 61,476 67,682
Total current liabilities 171,057 217,627 225,549
Long Term Bank Debt 204,533 47,560 54,469
Other Long Term Debt, Related Party 56,259 46,400 40,268
Total liabilities 431,849 311,587 320,054
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) (20,744,435) (20,704,078) (20,737,935)
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 232,536 272,893 239,036
Total liabilities and stockholders' equity $ 664,385 $ 584,479 $ 559,322