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Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Jun. 30, 2015
Jun. 30, 2014
CURRENT ASSETS      
Cash $ 45,551 $ 68,260 $ 100,825
Deferred Taxes 1,194 1,194 1,644
Total Current Assets 46,745 69,454 102,469
FIXED ASSETS      
Land and buildings 478,440 478,440 605,960
TOTAL ASSETS 525,185 547,894 708,429
CURRENT LIABILITIES      
Accounts Payable 24,260 24,260 9,261
Current Portion of Long Term Debt 24,804 24,804 35,985
Note Payable 127,029 127,029 127,029
Taxes payable 1,697 27,217 58,026
Total current liabilities 177,790 203,310 230,301
Long Term Debt, subsidiary 143,403 149,648 213,900
Due to affiliate 63,423 60,998 56,259
Total Long Term Debt 206,826 210,646 270,159
Total Liabilities 384,616 413,956 500,460
STOCKHOLDERS' EQUITY-      
Common stock, par value $0.01; At September 30, 2015 and June 30, 2015, authorized 60,000,000 shares; issued and outstanding 2,292,945 shares. At June 30, 2014 authorized, 90,000,000 shares; issued 46,973,585 shares; outstanding 45,853,585 shares. 22,929 22,929 469,736
Additional paid-in capital 20,944,575 20,944,575 20,497,769
Accumulated deficit (20,836,401) (20,843,032) (20,769,002)
TOTAL SHAREHOLDERS EQUITY 140,569 133,938 207,969
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY 525,185 547,894 708,429
Convertible Preferred Stock, Series 2      
STOCKHOLDERS' EQUITY-      
Convertible preferred stock 50 50 50
Convertible Preferred Stock, Series 3      
STOCKHOLDERS' EQUITY-      
Convertible preferred stock 16,700 16,700 16,700
Less treasury stock, at cost $ (7,284) $ (7,284) $ (7,284)
Convertible Preferred Stock, Series 4      
STOCKHOLDERS' EQUITY-      
Convertible preferred stock
Convertible Preferred Stock, Series 5      
STOCKHOLDERS' EQUITY-      
Convertible preferred stock
Common Stock One      
STOCKHOLDERS' EQUITY-      
Less treasury stock, at cost