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EARNINGS (LOSS) PER SHARE (Details) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Class of Stock [Line Items]        
Net Income (Loss) $ (483) $ 72,686 $ (28,411) $ 68,938
Preferred Dividend Requirements:        
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 (in shares) 2,003,168 2,003,168 2,003,168 2,003,168
Basic Earnings (Loss) per Share (in dollars per share) $ (0.03) $ 0.04 $ (0.10) $ 0.01
Diluted Earnings (Loss) per Share (in dollars per share) $ (0.03) $ 0.02 $ (0.10)  
6% Prior Cumulative Preferred, $5 Par Value        
Preferred Dividend Requirements:        
Total Dividend Requirements $ 15,000 $ 15,000 $ 30,000 $ 30,000
5% Convertible Cumulative Preferred, $20 Par Value        
Preferred Dividend Requirements:        
Total Dividend Requirements $ 17,018 $ 17,018 $ 34,036 $ 34,036