EARNINGS PER SHARE (Tables)

9 Months Ended

Mar. 31, 2023

EARNINGS PER SHARE

Schedule of earnings per share computed on the weighted average of outstanding common shares

	Three Months Ended				Nine Months Ended
	March 31st				March 31,
	2023		2022		2023		2022
Net Income (Loss)	$	(83,024)	$	(65,250)	$	228,824	$	95,567
Preferred Dividend Requirements:
6% Prior Cumulative Preferred, $5 Par Value		15,000		15,000		45,000		45,000
5% Convertible Cumulative Preferred, $20 Par Value		17,018		17,018		51,054		51,054
Total Dividend Requirements		32,018		32,018		96,054		96,054
Net Income (Loss) - Common Stockholders	$	(115,042)	$	(97,268)	$	132,770	$	(487)
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	$	(0.12)	$	(0.10)	$	0.14	$	(0.00)
Diluted (Anti-Diluted) Earnings (Loss) per Share	$	(0.12)	$	(0.10)	$	0.11	$	(0.00)

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

	Nine Months Ended
	March 31,
	2023		2022
6% Convertible:
Series A	$	19	$	19
Series B	$	19	$	19
5% Convertible:
Series A	$	74	$	73
Series B	$	74	$	73