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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2015
Jun. 30, 2014
ASSETS    
Cash and cash equivalents $ 788,900 $ 1,215,600
Accounts receivable - trade, net 45,900 96,800
Other receivables - related party 4,200 9,200
Note receivable, current - related party 60,000 300,000
Marketable securities 0 560,100
Prepaid expenses and other current assets 164,500 212,700
Total current assets 1,063,500 2,394,400
LAND, PROPERTY AND EQUIPMENT, NET 3,938,600 4,163,000
OTHER ASSETS    
Note receivable, long-term - related party 262,800 109,000
Trust account-Asset retirement obligation 67,400 48,700
Prepaid royalties, long-term 0 50,000
TOTAL ASSETS 5,332,300 6,765,100
CURRENT LIABILITIES    
Accounts payable 151,100 88,400
Accrued expenses 191,800 189,600
Contingent payments, current 50,000 50,000
Total current liabilities 392,900 328,000
LONG-TERM LIABILITIES    
Contingent payments, long-term 603,900 1,138,300
Asset retirement obligation, long-term 429,700 423,700
TOTAL LIABILITIES $ 1,426,500 $ 1,890,000
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY    
Preferred Stock $ 0 $ 0
Class A - 75,000,000 no par shares authorized, 4,982,400 and 4,962,500 shares issued and outstanding at June 30, 2015 and 2014, respectively 109,159,300 109,106,800
Accumulated Other Comprehensive Income 0 121,200
Accumulated Deficit (105,253,500) (104,352,900)
Total shareholders' equity 3,905,800 4,875,100
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 5,332,300 $ 6,765,100