v3.5.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2016
Jun. 30, 2015
ASSETS    
Cash and cash equivalents $ 139,600 $ 788,900
Accounts receivable - trade, net 3,900 45,900
Other receivables - related party 2,800 4,200
Note receivable, current - related party 0 60,000
Assets held for sale 1,653,500 0
Prepaid expenses and other current assets 47,300 164,500
Total current assets 1,847,100 1,063,500
LAND, PROPERTY AND EQUIPMENT, NET 2,111,000 3,938,600
OTHER ASSETS    
Note receivable, long-term - related party 0 262,800
Trust account - asset retirement obligation 86,100 67,400
TOTAL ASSETS 4,044,200 5,332,300
CURRENT LIABILITIES    
Accounts payable 251,400 151,100
Accrued expenses 146,200 191,800
Contingent payments, current 0 50,000
Total current liabilities 397,600 392,900
LONG-TERM LIABILITIES    
Note payable 200,000 0
Contingent payments, long-term 672,700 603,900
Asset retirement obligation 434,000 429,700
TOTAL LIABILITIES 1,704,300 1,426,500
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY    
Preferred Stock - no shares issued or outstanding 0 0
Common Stock Class A - 75,000,000 no par shares authorized, 4,982,400 shares issued and outstanding at June 30, 2016 and 2015 109,188,200 109,159,300
Accumulated Deficit (106,848,300) (105,253,500)
Total shareholders' equity 2,339,900 3,905,800
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 4,044,200 $ 5,332,300