NET INCOME PER SHARE (Tables)

3 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

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

	Three Months Ended September 30
	2012			2011
Net income (loss)	$	10,551		$	(35,037	)
Preferred dividend requirements:
6% Prior Cumulative Preferred, $5 par value		15,000			15,000
5% Convertible Cumulative Preferred, $20 par value		17,018			17,018
Total dividend requirements		32,018			32,018
Net loss applicable to common stockholders	$	(21,467	)	$	(67,055	)

	Three Months Ended
	September 30
		2012			2011
Weighted average 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 and diluted earnings per share	$	(0.02	)	$	(0.07	)

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

		Three Months Ended September 30
		2012		2011
6% Convertible
	Series A	$	16	$	16
	Series B		16		15
5% Convertible
	Series A		63		62
	Series B		63		62