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

6 Months Ended

Dec. 31, 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		December 31,
		Assets		Inputs		Inputs		2012
Marketable Securities - Restricted	$	-	$	1,932,400	$	-	$	1,932,400
Asset Retirement Obligation		-		-		410,000		410,000
Contigent Land Payment		-		-		632,000		632,000
Contingent Purchase Price		-		-		505,700		505,700
	$	-	$	1,932,400	$	1,547,700	$	3,480,100