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CAPITAL STOCK (Tables)
12 Months Ended
Jun. 30, 2022
CAPITAL STOCK  
Schedule of capital stock authorized, issued, and outstanding

Shares

Issued and

    

Authorized

    

Outstanding

Prior Cumulative Preferred Stock, $5 Par Value:

6% Convertible

 

240,000

Series A

 

100,000

Series B

 

100,000

Cumulative Preferred Stock, $20 Par Value:

5% Convertible

 

150,000

Series A

 

58,533

Series B

 

9,539

Common Stock, $1 Par Value:

Reserved for Conversion of Preferred Stock - 1,030,166 shares

 

2,000,000

 

969,834

Schedule of preferred stock dividends in arrears on a per share basis

For the Year Ended

June 30,

    

2022

    

2021

    

6% Convertible:

Series A

$

19

$

19

Series B

$

19

$

18

5% Convertible:

Series A

$

73

$

72

Series B

$

73

$

72