EARNINGS PER SHARE (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Class of Stock [Line Items]
Net (loss) income	$ (57,951)	$ (55,765)	$ 89,018	$ 95,363
Preferred dividend requirements:
Total dividend requirements	32,018	32,018	96,054	96,054
Net loss - common stockholders	(89,969)	(87,783)	(7,036)	(691)
Weighted average shares - basic (in shares)	969,834	969,834	969,834	969,834
Dilutive effect of contingently issuable shares (in shares)	1,033,334	1,033,334	1,033,334	1,033,334
Weighted average shares - diluted (in shares)	2,003,168	2,003,168	2,003,168	2,003,168
Basic earnings per share (in dollars per share)	$ (0.09)	$ (0.09)	$ (0.01)	$ 0.00
Diluted earnings per share (in dollars per share)	$ (0.09)	$ (0.09)	$ (0.01)	$ 0.00
6% Prior Cumulative Preferred, $5 par value | Series A
Preferred dividend requirements:
Total dividend requirements	15,000	15,000	45,000	45,000
6% Prior Cumulative Preferred, $5 par value | Series B
Preferred dividend requirements:
Total dividend requirements	15,000	15,000	45,000	45,000
5% Convertible Cumulative Preferred, $20 par value | Series A
Preferred dividend requirements:
Total dividend requirements	17,018	17,018	51,054	51,054
5% Convertible Cumulative Preferred, $20 par value | Series B
Preferred dividend requirements:
Total dividend requirements	$ 17,018	$ 17,018	$ 51,054	$ 51,054