EARNINGS (LOSS) PER SHARE (Tables)

6 Months Ended

Dec. 31, 2018

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
	2018		2017		2018		2017
Net Income	$	182,338	$	72,394	$	183,628	$	15,545
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	$	150,320	$	40,376	$	119,592	$	(48,491	)
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	$	0.14	$	0.04	$	0.11	$	(0.05	)
Diluted Earnings (Loss) per Share	$	0.07	$	0.02	$	0.05	$	(0.05	)

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

	Six Months Ended
	December 31
	2018		2017
6% Convertible
Series A	$	18	$	18
Series B		18		17
5% Convertible
Series A	$	69	$	68
Series B		69		68