10. INCOME TAXES (Details 1) - USD ($) |
Jun. 30, 2016 |
Jun. 30, 2015 |
|---|---|---|
| Deferred tax assets (liabilities): | ||
| Deferred tax asset | $ 12,100,000 | $ 11,800,000 |
| Less: estimated Section 382 adjustment | (4,000,000) | (4,000,000) |
| Net operating loss and capital loss carryforwards | 8,100,000 | 7,800,000 |
| Less: Valuation allowance | (8,100,000) | (7,800,000) |
| Net deferred tax | $ 0 | $ 0 |
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- References No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, before jurisdictional netting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of the valuation allowance recorded for tax benefits that will be credited to shareholders' equity if those tax benefits subsequently become realizable. Examples include 1) adjustments of the opening balance of retained earnings for certain changes in accounting principle or a correction of an error; 2) gains and losses included in comprehensive income but excluded from net income; 3) expenditures that are deductible for income tax purposes that are reported as a reduction of shareholders' equity; 4) expenses for employee stock options recognized differently for financial reporting purposes and income tax purposes; 5) dividends paid on unallocated shares held by an ESOP that are charged to retained earnings and 6) deductible temporary differences that existed at the date of a quasi reorganization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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