7. LAND, PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Jun. 30, 2015

Land Property And Equipment Tables

Land, Property and Equipment

		2015		2014
Office furniture and equipment	$	51,300	$	51,300
Water disposal facility		2,219,200		2,714,600
Production equipment		514,400		232,000
		2,784,900		2,997,900
Less accumulated depreciation		(491,900)		(371,800)
Land and permit costs		1,645,600		1,536,900
Net book value	$	3,938,600	$	4,163,000