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EARNINGS PER SHARE (Details) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Class of Stock [Line Items]        
Net Income (Loss) $ (78,515) $ (34,803) $ (9,579) $ 142,437
Preferred Dividend Requirements:        
Total Dividend Requirements 32,018 32,018 96,054 96,054
Net Income (Loss) - Common Stockholders $ (110,533) $ (66,821) $ (105,633) $ 46,383
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) $ (0.11) $ (0.07) $ (0.11) $ 0.05
Diluted Earnings per Share (in dollars per share) $ (0.11) $ (0.07) $ (0.11) $ 0.02
6% Prior Cumulative Preferred, $5 Par Value        
Preferred Dividend Requirements:        
Total Dividend Requirements $ 15,000 $ 15,000 $ 45,000 $ 45,000
5% Convertible Cumulative Preferred, $20 Par Value        
Preferred Dividend Requirements:        
Total Dividend Requirements $ 17,018 $ 17,018 $ 51,054 $ 51,054