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Other Assets (Tables)
 12 Months Ended
Jun. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of other assets
As of June 30, 2016 and June 30, 2015 our other assets consisted of the following:
 
June 30,
2016
 
June 30,
2015
Royalty rights
108,512

 
—

Less: Accumulated amortization of royalty rights
(6,782
)
 
—

Investment in Well Lift Inc., at cost
108,750

 
—

Deferred loan costs
168,972

 
337,078

Less: Accumulated amortization of deferred loan costs
(13,963
)
 
(147,057
)
Trademarks
—

 
44,803

Patent costs
—

 
538,276

Less: Accumulated amortization of patent costs
—

 
(47,063
)
Other assets, net
$
365,489

 
$
726,037