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Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net (loss) income $ (541,845) $ 3,444,505
Income from discontinued operations (56,620) (4,353,521)
Income from discontinued operations attributable to the noncontrolling interest 0 172,836
Loss from continuing operations (598,465) (736,180)
Adjustments to reconcile loss from continuing operations to net cash provided by (used) in operating activities:    
Depreciation 0 1,529
Impairment of other assets 300,000 0
Stock option expense 6,142 14,980
Expenses paid with stock or options 0 34,046
Changes in assets and liabilities:    
Other assets 651,400 139,444
Accounts payable 95,867 (48,721)
Accrued liabilities (44,763) 30,215
Net cash provided by (used) in operating activities 410,181 (564,687)
Cash flows from investing activities:    
Proceeds from the sale of equity investments 300,000 0
Net cash provided by investing activities 300,000 0
Cash flows from financing activities:    
Net payments of debt 0 (80,049)
Net cash used in financing activities 0 (80,049)
Cash flows from discontinued operations:    
Operating activities 135,244 555,949
Investing activities 0 4,494,591
Financing activities 0 (547,691)
Net cash provided by discontinued operations 135,244 4,502,849
Net increase in cash 845,425 3,858,113
Cash at beginning of period 3,767,427 22,690
Cash at end of period $ 4,612,852 $ 3,880,803