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Other Assets (Tables)
 6 Months Ended
Dec. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of other assets
As of December 31, 2016 and June 30, 2016, other assets consisted of the following:
 
December 31,
2016
 
June 30,
2016
Royalty rights
$
108,512

 
$
108,512

Less: Accumulated amortization of royalty rights
(13,564
)
 
(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
(42,370
)
 
(13,963
)
Other assets, net
$
330,300

 
$
365,489