PREFERRED STOCK (Tables)

12 Months Ended

Jun. 30, 2015

Preferred Stock [Abstract]

Schedule of preferred stock

	2015		2014
Shares outstanding at $10.00 per share	$	4,429,680	$	4,429,680
Cumulative unpaid dividends		12,925,228		12,260,776
	$	17,354,908	$	16,690,456