Prepaid Expenses and Other Current Assets (Tables)

12 Months Ended

Jun. 30, 2016

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of prepaid expenses and other current assets

As of June 30, 2016 and June 30, 2015 our prepaid expenses and other current assets consisted of the following:



	June 30, 2016		June 30, 2015
Prepaid insurance	$	168,681	$	178,994
Prepaid federal and state income taxes	—		22,542
Equipment inventory (a)	—		81,538
Retainers and deposits	30,568		26,978
Other prepaid expenses	52,500		59,352
Prepaid expenses and other current assets	$	251,749	$	369,404

(a) As discussed in Note 8, our equipment inventory was determined to have no future value in use for our operations and negligible market value and was charged to restructuring costs as part of the separation of our artificial lift technology operations