PROPERTY HELD FOR SALE AND DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Mar. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

The revenues and expenses from the operation of the held for sale property for respective periods are summarized as follows:

For the three months ended March 31,	2012
Revenues	$	28,000
Expenses		(16,000)
Income from discontinued operations	$	12,000

For the nine months ended March 31,	2012
Revenues	$	208,000
Expenses		(149,000)
Income from discontinued operations	$	59,000

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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