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Other Assets (Tables)
 6 Months Ended
Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of other assets
As of December 31, 2015 and June 30, 2015 other assets consisted of the following:
 
December 31,
2015
 
June 30,
2015
Royalty rights
$
108,512

 
$
—

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

 
—

Trademarks
—

 
44,803

Patent costs
—

 
538,276

Less: Accumulated amortization of patent costs
—

 
(47,063
)
Deferred loan costs
179,468

 
337,078

Less: Accumulated amortization of deferred loan costs
(171,375
)
 
(147,057
)
Other assets, net
$
225,355

 
$
726,037