XML 77 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2013
Jun. 30, 2012
ASSETS    
Cash and cash equivalents $ 696,400 $ 284,300
Accounts receivable trade 9,600   
Other receivables 32,800 16,800
Notes receivable, current 375,000 250,000
Marketable securities - restricted 1,562,600 3,572,600
Investment in Symbius, at cost    162,100
Prepaid expenses and other current assets, net 121,000 97,100
Total current assets 2,797,400 4,382,900
LAND, PROPERTY AND EQUIPMENT, NET 4,339,900 3,524,600
OTHER ASSETS    
Note receivable, long-term    150,000
Trust account-Asset retirement obligation 30,000   
Prepaid royalties, long-term 50,000 50,000
TOTAL ASSETS 7,217,300 8,107,500
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable and accrued expenses 220,900 631,000
Contingent payments, current 50,000 50,000
Notes payable    228,000
Total current liabilities 270,900 909,000
LONG-TERM LIABILITIES    
Contingent payments, long-term 1,104,600 1,075,000
Asset retirement obligation, long-term 417,400 410,000
TOTAL LIABILITIES 1,792,900 2,394,000
SHAREHOLDERS' EQUITY    
Preferred Stock      
Class A - 75,000,000 no par shares authorized, 4,989,300 and 5,010,300 shares issued and outstanding at June 30, 2013 and 2012, respectively 109,121,200 108,893,600
Common Stock Class B - 25,000,000 no par shares authorized and none issued and outstanding      
Accumulated Other Comprehensive Income 549,900 383,600
Accumulated Deficit (104,246,700) (103,563,700)
Total shareholders' equity 5,424,400 5,713,500
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 7,217,300 $ 8,107,500