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NOTE 14 - OTHER INCOME (EXPENSE) | 12 Months Ended
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Jun. 30, 2015
Other Income and Expenses [Abstract] |
NOTE 14 - OTHER (EXPENSE) INCOME | NOTE 14 - OTHER INCOME (EXPENSE) Other income (expense) consists of:
|  | For the Years Ended June 30,
|  | 2015 |  | 2014 |  | 2013
Loss on disposition of equipment |  | $ | — |  |  | $ | (657,350 | ) |  | $ | — |
Loss from investment |  |  | — |  |  |  | — |  |  |  | (48,777 | )
Litigation settlement |  |  | — |  |  |  | 13,586 |  |  |  | 716,250 |
Gain on extinguishment of debt |  |  | 394,797 |  |  |  | — |  |  |  | — |
Impairment of management agreement |  |  | — |  |  |  | — |  |  |  | (357,500 | )
Gain on sale of equipment |  |  | — |  |  |  | 40,000 |  |  |  | 557,473 |
Other income (expense) |  |  | 13 |  |  |  | (4,835 | ) |  |  | (141,958 | )
|  | $ | 394,810 |  |  | $ | (608,599 | ) |  | $ | 725,488 |

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3,6,7,9) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 3, 6, 7, 9 -Article 5 + Details
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