EARNINGS PER SHARE (Tables)

3 Months Ended

Sep. 30, 2012

EARNINGS PER SHARE [Abstract]

Schedule of Basic and Diluted Earnings Per Share

Three Months Ended September 30,
	2012			2011
Weighted average common shares issued		3,805,636			3,805,636
Average treasury stock shares		(1,747,706	)		(1,747,706	)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share		2,057,930			2,057,930
Additional common stock equivalents (stock options) used to calculate diluted earnings per share		-			-
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share		2,057,930			2,057,930

There are no convertible securities that would affect the numerator in calculating basic and diluted earnings per share