4. INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

Reconciliation of federal statutory rate

	2015			2014
Income tax expense (benefit) at federal statutory rate		(34.0	)%		(34.0	)%
Increase (decrease) in tax resulting from:
State taxes, net of federal benefit		(5.3	)		(5.3	)
Change in valuation allowance		36.9			15.0
Nondeductible items		0.2			0.3
Prior-year tax adjustments		(2.1	)		14.0
Other		4.2			9.9
Effective tax rate		(0.1	)%		(0.1	)%

Components of deferred tax assets and liabilities

	2015			2014
Deferred tax assets:
Net operating loss carry forwards	$	3,161,000		$	2,747,000
Tax credit carry forwards		414,000			405,000
Reserves and accruals not yet deducted for tax purposes		305,000			286,000
Total deferred tax assets		3,880,000			3,438,000
Valuation allowance		(3,880,000	)		(3,438,000	)
Net deferred tax asset	$	–		$	–