v3.7.0.1
A. Basis of Presentation, Accounting Policies and Recent Accounting Pronouncements (Tables)
9 Months Ended
Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Assets and liabilities measured at fair value on a recurring basis

Fair Value at March 31, 2017  
                   
    Level 1:              
    Quoted Prices   Level 2:          
    in Active   Significant   Level 3:   Total  
    Markets   Other   Significant   at  
    for Identical   Observable   Unobservable   March 31,  
    Assets   Inputs   Inputs   2017  
Asset Retirement Obligation $                        -    $                     -    $              434,000 $           434,000  
Contingent Land Payment                          -                          -                   686,700             686,700  
  $                        -    $                     -    $           1,120,700 $        1,120,700  
                   

 

Fair Value at June 30, 2016  
                   
    Level 1:              
    Quoted Prices   Level 2:          
    in Active   Significant   Level 3:   Total  
    Markets   Other   Significant   at  
    for Identical   Observable   Unobservable   June 30,  
    Assets   Inputs   Inputs   2016  
Asset Retirement Obligation $                        -    $                     -    $              434,000 $           434,000  
Contingent Land Payment                          -                          -                   672,700             672,700  
  $                        -    $                     -    $           1,106,700 $        1,106,700  
                   

Reconciliation of Assets and liabilities measured at fair value on a recurring basis

      Asset   Contingent    
      Retirement   Land    
      Obligation   Payment   Total
Opening balance $              434,000 $           672,700 $        1,106,700
  Accretion expense                          -                  14,000               14,000
Closing balance $              434,000 $           686,700 $        1,120,700

Schedule of fair value Property and Equipment table text block

Fair Value at March 31, 2017  
                   
    Level 1:              
    Quoted Prices   Level 2:          
    in Active   Significant   Level 3:   Total  
    Markets   Other   Significant   at  
    for Identical   Observable   Unobservable   March 31,  
    Assets   Inputs   Inputs   2017  
Property and Equipment, net $                        -    $                     -    $           1,617,200 $        1,617,200  
  $                        -    $                     -    $           1,617,200 $        1,617,200