1. NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Sep. 30, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Assets and liabilities measured at fair value on a recurring basis

		Level 1:
		Quoted Prices		Level 2:
		in active		Significant		Level 3:		Total
		Markets		Other		Significant		at
		for Identical		Observable		Unobservable		September 30,
		Assets		Inputs		Inputs		2012
Marketable Securities - Restricted	$	-	$	2,591,800	$	-	$	2,591,800
Asset Retirement Obligation		-		-		410,000		410,000
Contigent Land Payment		-		-		627,300		627,300
Contingent Purchase Price		-		-		501,900		501,900
	$	-	$	2,591,800	$	1,539,200	$	4,131,000