EARNINGS (LOSS) PER SHARE (Tables)

6 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Schedule of earnings (loss) per share computed on weighted average of outstanding common shares

	Three Months Ended					Six Months Ended
	December 31					December 31
	2017		2016			2017			2016
Net Income (Loss)	$	72,394	$	(483	)	$	15,545		$	(28,411	)
Preferred Dividend Requirements:
6% Prior Cumulative Preferred, $5 Par Value		15,000		15,000			30,000			30,000
5% Convertible Cumulative Preferred, $20 Par Value		17,018		17,018			34,036			34,036
Total Dividend Requirements		32,018		32,018			64,036			64,036
Net Income (Loss) - Common Stockholders	$	40,376	$	(32,501	)	$	(48,491	)	$	(92,447	)
Weighted Average Shares - Basic		969,834		969,834			969,834			969,834
Dilutive Effect of Contingently Issuable Shares		1,033,334		1,033,334			1,033,334			1,033,334
Weighted Average Shares – Diluted		2,003,168		2,003,168			2,003,168			2,003,168
Basic Earnings (Loss) per Share	$	0.04	$	(0.03	)	$	(0.05	)	$	(0.10	)
Diluted Earnings (Loss) per Share	$	0.02	$	(0.03	)	$	(0.05	)	$	(0.10	)

Schedule of total dividends in arrears, on a per share basis

	Six Months Ended
	December 31
	2017		2016
6% Convertible
Series A	$	18	$	17
Series B		17		17
5% Convertible
Series A	$	68	$	67
Series B		68		67