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NOTE 14 - OTHER INCOME (EXPENSE)
12 Months Ended
Jun. 30, 2015
Other Income and Expenses [Abstract]  
NOTE 14 - OTHER (EXPENSE) INCOME

NOTE 14 - OTHER INCOME (EXPENSE)

 

Other income (expense) consists of:

   For the Years Ended June 30,
   2015  2014  2013
Loss on disposition of equipment  $—     $(657,350)  $—   
Loss from investment   —      —      (48,777)
Litigation settlement   —      13,586    716,250 
Gain on extinguishment of debt   394,797    —      —   
Impairment of management agreement   —      —      (357,500)
Gain on sale of equipment   —      40,000    557,473 
Other income (expense)   13    (4,835)   (141,958)
   $394,810   $(608,599)  $725,488