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v3.5.0.2

Consolidated Balance Sheets - USD ($) | Sep. 30, 2016 | Jun. 30, 2016
--- | --- | ---
CURRENT ASSETS: |  |
Cash | $ 1,140,566 | $ 1,254,489
Prepaid Expense, Current | 29,743 | 58,165
Total current assets | 1,170,309 | 1,312,654
PROPERTY AND EQUIPMENT: |  |
Equity Method Investments | 0.0 | 0
OTHER ASSETS: |  |
Other Assets, Noncurrent | 0 | 0
TOTAL ASSETS | 1,170,309 | 1,312,654
CURRENT LIABILITIES: |  |
Accounts Payable, Current | 54,538 | 20,854
Accrued Liabilities, Current | 244,161 | 92,884
Total current liabilities | 298,699 | 113,738
SHAREHOLDERS' EQUITY: |  |
Common Stock, $0.01 par value, 30,000,000 shares authorized; 4,073,403 shares issued and outstanding at September 30, 2016; 3,958,540 shares issued and outstanding at June 30, 2016 | 40,734 | 39,585
Additional Paid in Capital, Common Stock | 34,062,094 | 33,434,899
Accumulated deficit during exploration stage | (33,231,218) | (32,275,568)
SHAREHOLDERS’ EQUITY | 871,610 | 1,198,916
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ 1,170,309 | $ 1,312,654

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