1. NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	Jun. 30, 2012	Jun. 30, 2011
Marketable securities - restricted	$ 3,572,600	$ 6,637,100
Asset retirement obligation	410,000	0
Contingent land payment	625,000
Contingent purchase price	50,000
Total	5,107,600
Level 1
Marketable securities - restricted	0
Asset retirement obligation	0
Contingent purchase price	0
Total	0
Level 2
Marketable securities - restricted	3,572,600
Asset retirement obligation	0
Contingent purchase price	0
Total	3,572,600
Level 3
Marketable securities - restricted	0
Asset retirement obligation	410,000
Contingent land payment	625,000
Contingent purchase price	0
Total	$ 1,535,000

The carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees.

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Fair values as of the balance sheet date of the net amount of all assets and liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments.

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- Definition

Total debt and equity financial instruments including: (1) securities held-to-maturity, (2) trading securities, and (3) securities available-for-sale that are pledged to one or more secured parties who have the right to buy, sell, or re-pledge the collateral.

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