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Note 3. Property and Equipment (Tables)

12 Months Ended

Jun. 30, 2012

Property, Plant and Equipment [Table Text Block]

	June 30, 2012			June 30, 2011
Kreider 1	$	8,155,922		$	7,264,243
Leasehold improvements		31,336			31,336
Furniture		28,932			28,932
Computers and office equipment		34,240			32,783
		8,250,430			7,357,294
Less accumulated depreciation		(77,728	)		(65,395	)
	$	8,172,702		$	7,291,899

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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