INCOME (LOSS) PER SHARE (Tables)

12 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

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

	2016			2015
Net Income	$	33,596		$	140,909
Preferred Dividend Requirements:
6% Prior Cumulative Preferred, $5 Par Value		60,000			60,000
5% Convertible Cumulative Preferred, $20 Par Value		68,072			68,072
Total Dividend Requirements		128,072			128,072
Net Income (Loss) - Common Stockholders	$	(94,476	)	$	12,837
		2016			2015
Weighted Average of 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 Earnings (Loss) per Share	$	(0.10	)	$	0.01
Diluted Earnings (Loss) per Share	$	(0.10	)	$	0.01