Note 3 - Property And Equipment:

3 Months Ended

Sep. 30, 2012

Property, Plant and Equipment Disclosure [Text Block]

3.      PROPERTY AND EQUIPMENT:

Property and equipment consists of the following:

	September 30, 2012			June 30, 2012
Machinery and equipment	$	5,432,947		$	-
Buildings and structures		2,574,010			-
Kreider 1		-			8,155,922
Leasehold improvements		31,336			31,336
Furniture		28,932			28,932
Computers and office equipment		246,900			34,240
		8,314,125			8,250,430
Less accumulated depreciation		(243,519	)		(77,728	)
	$	8,070,606		$	8,172,702

During the three months ended September 30, 2012, Kreider 1 was placed into service and the capitalized costs of $8,219,617 were allocated among its separately identifiable components. Depreciation expense was $165,791 and $4,084 for the three months ended September 30, 2012 and 2011, respectively.