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5. Land, Property and Equipment

3 Months Ended

Sep. 30, 2013

Property, Plant and Equipment [Abstract]

Land, Property and Equipment at September 30, 2013 and June 30, 2013 consist of the following:

	June 30, 2013			Additions			September 30, 2013
Office furniture and equipment	$	51,300		$	-		$	51,300
Water disposal facility		2,707,700			2,400			2,710,100
Production equipment		207,800			-			207,800
		2,966,800			2,400			2,969,200
Less accumulation depreciation		(190,200	)		(42,900	)		(233,100	)
Land and improvements		1,429,900			12,500			1,442,400
Construction in progress		133,400			-			133,400
Net book value	$	4,339,900		$	(28,000	)	$	4,311,900

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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