LOSS PER SHARE (Tables)

12 Months Ended

Jun. 30, 2020

LOSS PER SHARE

Schedule of earnings per share computed on the weighted average of outstanding common shares

	2020		2019
Net Loss	$	(146,049)	$	(35,062)
Preferred Dividend Requirements:
6% Prior Cumulative Preferred, $5 Par Value		60,000		60,000
5% Convertible Cumulative Preferred, $20 Par Value		68,072		68,072
Total Dividend Requirements		128,072		128,072
Net Loss - Common Stockholders	$	(274,121)	$	(163,134)

	2020		2019
Weighted Average of Shares - Basic		969,834		969,834
Dilutive Effect of Contingently Issuable Shares		1,033,334		1,033,334
Weighted Average Shares – Diluted	$	2,003,168	$	2,003,168
Basic Loss per Share	$	(0.28)	$	(0.17)
Diluted Loss per Share	$	(0.28)	$	(0.17)