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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Dec. 31, 2015
Jun. 30, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 331,600 $ 788,900
Accounts receivable - trade, net 22,100 45,900
Other receivables - related party 7,100 4,200
Note receivable, current - related party 60,000 60,000
Prepaid expenses and other current assets 27,500 164,500
Total current assets 448,300 1,063,500
LAND, PROPERTY AND EQUIPMENT, NET 3,853,500 3,938,600
OTHER ASSETS    
Note receivable, long-term - related party, net 190,400 262,800
Trust account - asset retirement obligation 76,800 67,400
TOTAL ASSETS 4,569,000 5,332,300
CURRENT LIABILITIES    
Accounts payable 136,800 151,100
Accrued expenses 153,700 191,800
Contingent payments, current 25,000 50,000
Total current liabilities 315,500 392,900
LONG-TERM LIABILITIES    
Contingent payments, long-term 638,300 603,900
Asset retirement obligation 429,700 429,700
TOTAL LIABILITIES 1,383,500 1,426,500
SHAREHOLDERS' EQUITY    
Preferred Stock - no shares issued or outstanding 0 0
Common Stock Class A - 75,000,000 no par shares authorized, 4,982,400 shares issued and outstanding at December 31, 2015 and June 30, 2015 109,187,100 109,159,300
Accumulated Deficit (106,001,600) (105,253,500)
Total shareholders' equity 3,185,500 3,905,800
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 4,569,000 $ 5,332,300