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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Dec. 31, 2016
Jun. 30, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 5,000 $ 139,600
Accounts receivable - trade, net 2,600 3,900
Other receivables - related party 0 2,800
Assets held for sale 1,653,500 1,653,500
Prepaid expenses and other current assets 47,500 47,300
Total current assets 1,708,600 1,847,100
PROPERTY AND EQUIPMENT, NET 2,020,200 2,111,000
OTHER ASSETS    
Trust account - asset retirement obligation 96,800 86,100
TOTAL ASSETS 3,825,600 4,044,200
CURRENT LIABILITIES    
Accounts payable 225,900 251,400
Accrued expenses 305,700 146,200
Notes payable, current 0 0
Total current liabilities 531,600 397,600
LONG-TERM LIABILITIES    
Notes payable 640,000 200,000
Contingent payments, long-term 682,000 672,700
Asset retirement obligation 434,000 434,000
TOTAL LIABILITIES 2,287,600 1,704,300
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, 2016 and June 30, 2016 109,191,800 109,188,200
Accumulated Deficit (107,653,800) (106,848,300)
Total shareholders' equity 1,538,000 2,339,900
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,825,600 $ 4,044,200