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Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Revenue $ 0 $ 0 $ 0 $ 0
Selling, general and administrative expenses 92,537 233,622 182,987 411,229
Loss from operations (92,537) (233,622) (182,987) (411,229)
Interest income 11,350 3,981 22,972 9,464
Other income 10,001 0 28,537 0
Interest expense 0 (17,640) 0 (31,344)
Impairment of other assets (300,000) 0 (300,000) 0
Loss from continuing operations (371,186) (247,281) (431,478) (433,109)
Net income from discontinued operations (Note 8) 59,258 235,790 56,832 660,616
Net (loss) income (311,928) (11,491) (374,646) 227,507
Income from discontinued operations attributable to the noncontrolling interest 0 (90,411) 0 (182,682)
Net (loss) income attributable to common stockholders $ (311,928) $ (101,902) $ (374,646) $ 44,825
Net (loss) income per common share (basic and diluted):        
From continuing operations $ (0.07) $ (0.04) $ (0.08) $ (0.08)
From discontinued operations $ 0.01 $ 0.02 $ 0.01 $ 0.09
Net (loss) income per common share (basic and diluted) $ (0.06) $ (0.02) $ (0.07) $ 0.01
Weighted average shares outstanding:        
Basic 5,607,315 5,590,885 5,607,315 5,590,018
Assuming dilution 5,612,465 5,596,035 5,612,465 5,595,168