EARNINGS (LOSS) PER SHARE (Tables)

6 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

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

	Three Months Ended					Six Months Ended
	December 31					December 31
	2016			2015		2016			2015
Net Income (Loss)	$	(483	)	$	72,686	$	(28,411	)	$	68,938
Preferred Dividend Requirements:
6% Prior Cumulative Preferred, $5 Par Value		15,000			15,000		30,000			30,000
5% Convertible Cumulative Preferred, $20 Par Value		17,018			17,018		34,036			34,036
Total Dividend Requirements		32,018			32,018		64,036			64,036
Net Income (Loss) - Common Stockholders	$	(32,501	)	$	40,668	$	(92,447	)	$	4,902
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	$	(0.03	)	$	0.04	$	(0.10	)	$	0.01
Diluted Earnings (Loss) per Share	$	(0.03	)	$	0.02	$	(0.10	)	$	-

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

	Six Months Ended
	December 31
	2016		2015
6% Convertible
Series A	$	17	$	17
Series B		17		17
5% Convertible
Series A	$	67	$	66
Series B		67		66