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Other Assets (Tables)
 12 Months Ended
Jun. 30, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of other assets
As of June 30, 2017 and 2016, our other assets consisted of the following:
 
June 30,
2017
 
June 30,
2016
Royalty rights
108,512

 
108,512

Less: Accumulated amortization of royalty rights
(20,346
)
 
(6,782
)
Investment in Well Lift Inc., at cost
108,750

 
108,750

Deferred loan costs
168,972

 
168,972

Less: Accumulated amortization of deferred loan costs
(70,504
)
 
(13,963
)
Other assets, net
$
295,384

 
$
365,489