INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2012

Income Tax Disclosure [Abstract]

Schedule of sources of deferred tax assets and liability

	2012			2011
Deferred tax assets:
Inventories	$	588		$	472
Trade receivables		5,135			5,230
Contribution carryover		1,554			1,198
Deferred income		5,630			6,071
Net operating loss carryover		50,507			-
Total deferred tax assets		63,414			12,971
Deferred tax liability:
Property and equipment		(105,635	)		(106,290	)
NET DEFERRED TAX LIABILITY	$	(42,221	)	$	(93,319	)

Schedule of net deferred tax assets (liability)

	2012			2011
Current deferred tax asset	$	7,277		$	6,900
Noncurrent deferred tax liability		(49,498	)		(100,219	)
NET DEFERRED TAX LIABILITY	$	(42,221	)	$	(93,319	)

Schedule of provision for income taxes

	2012			2011
Current tax expense	$	30		$	107
Deferred tax expense		(51,098	)		5,294
	$	(51,068	)	$	5,401

Schedule of effective income tax rate reconciliation

	2012			2011
Computed “expected” tax (credit)	$	(51,665	)	$	5,162
Increase (decrease) in income taxes (benefits)
resulting from:
State income taxes, net of federal benefit		-			603
Other		597			(364	)
	$	(51,068	)	$	5,401