7. LAND, PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Jun. 30, 2013

Land Property And Equipment Tables

Land, Property and Equipment

	2013			2012
Office furniture and equipment	$	51,300		$	48,700
Water Disposal facility		2,707,700			—
Production equipment		207,800			79,500
		2,966,800			128,200
Less accumulated depreciation		(190,200	)		(43,100	)
Land and improvements		1,429,900			1,383,400
Construction in progress		133,400			2,056,100
Net book value	$	4,339,900		$	3,524,600