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Note 10 - Gain on Extinguishment of Liabilities
12 Months Ended
Jun. 30, 2015
Gain On Extinguishment Of Liabilities [Abstract]  
Gain On Extinguishment Of Liabilities [Text Block]

10.     GAIN ON EXTINGUISHMENT OF LIABILITIES:


During the year ended June 30, 2014, the Company recognized other income due to the extinguishment of liabilities of $20,113, resulting from the legal release of certain accounts payable. These accounts payable, which related to business activities of the Company discontinued during the 2008 fiscal year, were outstanding for 5-6 years and the vendor had made no attempt to collect these amounts from the Company over the past several years. The extinguishment of liabilities was recorded after a review of the statute of limitations in the state in which the original liability was incurred.