Grow Capital (GRWC) 10-Q 16 Nov 15 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2015	Nov. 12, 2015
Document and Entity Information
Entity Registrant Name	GROW CONDOS, INC.
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Entity Central Index Key	1,448,558
Current Fiscal Year End Date	--06-30
Entity Common Stock, Shares Outstanding		44,798,479
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Entity Incorporation, Date of Incorporation	Oct. 22, 1999
Trading Symbol	grwc

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Current Assets
Cash and cash equivalents	$ 12,937	$ 42,747
Lease receivables	1,032	1,161
Prepaid expenses	2,926	5,450
Total Current Assets	16,895	49,358
Property and Equipment, net	1,250,311	1,257,368
Deposits	8,618	8,618
Total Assets	1,275,824	1,315,344
Current Liabilities
Accounts payable, trade	69,993	70,036
Accrued liabilities	109,475	112,058
Mortgages payable, current portion	23,490	31,304
Total Current Liabilities	202,958	213,398
Mortgages payable, less current portion	965,131	967,053
Customer deposits	4,900	4,900
Deferred option revenue	10,900	21,400
Total Liabilities	$ 1,183,889	$ 1,206,751
Shareholder's Equity
Preferred stock, $.001 par value, 5,000,000 shares authorized none issued or outstanding
Common stock, $.001 par value, 45,000,000 shares authorized 44,798,479 and 41,698,497 shares issued and outstanding	$ 44,765	$ 41,665
Additional paid-in capital	11,507,455	11,507,455
Accumulated deficit	(11,460,285)	(11,440,527)
Total Shareholder's Equity	91,935	108,593
Total Liabilities and Shockholder's Equity	$ 1,275,824	$ 1,315,344

CONSOLIDATED BALANCE SHEET (PAR

CONSOLIDATED BALANCE SHEET (PARENTHETICAL) - $ / shares	Sep. 30, 2015	Jun. 30, 2015
Statement of Financial Position
Common Stock, par or stated value	$ 0.001	$ 0.001
Common Stock, shares authorized	45,000,000	45,000,000
Common Stock, shares issued	44,798,479	41,698,497
Common Stock, shares outstanding	44,798,479	41,698,497
Preferred Stock, par or stated value	$ 0.001	$ 0.001
Preferred Stock, shares authorized	5,000,000	5,000,000
Preferred Stock, shares issued
Preferred Stock, shares outstanding

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Income Statement
Rental revenues	$ 36,783	$ 8,850
Total revenues	36,783	8,850
Operating expenses	39,844	57,416
Gain/(Loss) from operations	(3,061)	(48,566)
Interest expense	16,697	13,137
Loss before provision for income taxes	$ (19,758)	$ (61,703)
Provision for income taxes
Net income/(loss)	$ (19,758)	$ (61,703)
Net loss per common share:
Basic and diluted	$ 0	$ 0
Weighted average common shares; basic and diluted	41,691,212	41,474,444

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net loss	$ (19,758)	$ (61,703)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	7,057	$ 7,075
Stock issued for services	$ 3,108
Changes in assets and liabilities:
Deposits
Lease receivable	$ 129	$ (1,330)
Prepaids	2,524	(959)
Accounts payable	(43)	(17,640)
Accrued expenses	$ (2,583)	$ (3,842)
Security deposit
Deferred options revenue	$ (10,500)	$ 3,000
Net cash used by operating activities	(20,066)	(75,399)
Cash flows from investing activities:
Purchase of property and improvements		(32,609)
Net cash used by investing activities		(32,609)
Cash flows from financing activities:
Repayments of mortgage	$ (9,744)	(9,453)
Exercise of warrants		$ 40,924
Sale of common stock
Net cash provided by financing activities	$ (9,744)	$ 31,471
Net increase (decrease) in cash and cash equivalents	(29,810)	(76,537)
Cash and cash equivalents at beginning of period	42,747	155,153
Cash and cash equivalents at end of period	12,937	78,616
Supplemental disclosure of cash flow information:
Cash paid during the period for: Interest	$ 16,697	$ 13,137
Cash paid during the period for: Taxes

1. Summary of Significant Accou

1. Summary of Significant Accounting Policies and Use of Estimates	3 Months Ended
	Sep. 30, 2015
Notes
1. Summary of Significant Accounting Policies and Use of Estimates:	1. Summary of Significant Accounting Policies and Use of Estimates: Presentation of Interim Information: The condensed consolidated financial statements included herein have been prepared by Grow Condos, Inc. (“we”, “us”, “our” or “Company”) without audit, pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”) and should be read in conjunction with the audited consolidated financial statements as of September 30, 2015. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted, as permitted by the SEC, although we believe the disclosures, which are made, are adequate to make the information presented not misleading. Further, the condensed consolidated financial statements reflect, in the opinion of management, all normal recurring adjustments necessary to present fairly our financial position at September 30, 2015, and the results of our operations and cash flows for the periods presented. The June 30, 2015 condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. Interim results are subject to significant seasonal variations and the results of operations for the three months ended September 30, 2015 are not necessarily indicative of the results to be expected for the full year. Nature of Corporation: Grow Condos, Inc. (“GCI” or the “Company”) (f/k/a Fanatic Fans Inc. and Calibrus, Inc.) was incorporated on October 22, 1999, in the State of Nevada. Recently, GCI, through Fanatic Fans Inc., had made a decision to focus on its Social Networking operations which includes Fanatic Fans, a mobile smartphone application centered around live sporting and entertainment events, and JabberMonkey, a social expression website centered around gathering public opinion on current events. Then Fanatic Fans Inc. management decided to combine operations with WCS Enterprises, LLC (“WCS”). Our subsidiary, WCS is an Oregon limited liability company which was formed on September 9, 2013 with operations beginning in October 2013. WCS is a real estate purchaser, developer and manager of specific use industrial properties providing “Condo” style turn-key aeroponic grow facilities to support cannabis farmers. WCS intends to own, lease, sell and manage multi- tenant properties so as to reduce the risk of ownership and reduce costs to tenants and owners. On June 30, 2014, GCI entered into a definitive agreement (the “Agreement”) with the members of WCS for the acquisition of all of the outstanding membership interests of WCS in exchange for 20,410,000 restricted shares of GCI’s common stock. The shares were issued to a total of three persons pursuant to the exemption from registration set forth in Section 4(2) of the Securities Act of 1933. In connection with the Agreement, one member of WCS gained control of GCI by virtue of his stock ownership in the Company received in the acquisition. This member acquired 18,369,000 shares of GCI common stock on June 30, 2014, in exchange for his ownership share of WCS. The shares received under the Agreement gave this member effective control of GCI by virtue of holding approximately 44% of GCI’s voting stock. In addition, on June 30, 2014, the GCI CEO, President and CFO resigned and the WCS officers were appointed to fill these position by the board of directors of GCI. In total, the WCS members hold 51.67% of the post-acquisition common stock of GCI and GCI’s officers are the former officers of WCS, making the transaction a reverse acquisition. As of the consummation of the transaction on June 30, 2014, the financial statements of WCS are consolidated with the financial statements of GCI under the name of GCI but the financial statements are the continuation of WCS with the adjustment to reflect the legal capital of GCI. The assets and liabilities of WCS are measured at their pre-combination carrying amounts and the assets and liabilities of GCI are accounted for at fair value as required under the purchase method of accounting under a reverse acquisition. The results of operations of GCI (as it was f/k/a Fanatic Fans, Inc. f/k/a Calibrus, Inc.) are included in the consolidated financial statements from the closing date of the acquisition. Basis of Presentation: The accompanying condensed consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States (“GAAP”), and pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC"). Consolidation: These condensed consolidated financial statements include the accounts of Grow Condos, Inc., and its wholly-owned subsidiary, WCS. All significant intercompany accounting transactions have been eliminated as a result of consolidation. Use of Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. We believe that it is at least reasonably possible that the effect on the financial statements of a condition, situation, or set of circumstances that existed at the date of the financial statements will change in the near term due to one or more future confirming events and the effect of the change would be material to the financial statements. Significant estimates include, but are not limited to, the estimate of the allowance for doubtful accounts, equity compensation, allocation of purchase price for acquired assets, and depreciable lives of long lived assets. Fair Value of Financial Instruments: The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable, accrued liabilities, mortgages payable and short term advances approximate fair value given their short term nature or effective interest rates, which represent level 3 inputs. Earnings per Share: Basic earnings per share is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period and contains no dilutive securities. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. For the period ended September 30, 2015, all potentially dilutive securities are anti-dilutive due to the Company’s losses from operations. All dilutive common stock equivalents are reflected in our earnings (loss) per share calculations. Anti-dilutive common stock equivalents are not included in our earnings (loss) per share calculations. As of September 30, 2015 the Company had no outstanding options and no outstanding warrants. Income Taxes: The Company files income tax returns in the U.S. federal jurisdiction and the State of Oregon. The Company is subject to federal, state and local income tax examinations by tax authorities for approximately the past three years, or in some instances longer periods. Deferred income taxes are provided using the asset and liability method, whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Net deferred Going Concern: The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. In their report dated October 9, 2015, our independent registered public accounting firm included an emphasis-of-matter paragraph with respect to our financial statements for the period from July 1, 2014 to June 30, 2015 concerning the Company’s assumption that we will continue as a going concern. The Company operates within an industry that is illegal under federal law, has yet to achieve profitable operations, has a significant accumulated deficit and is dependent on our ability to raise capital from stockholders or other sources to sustain operations and ultimately achieve viable profitable operations. As reported in these condensed consolidated financial statements, the Company has not yet achieved profitable operations and has an accumulated deficit of $11,460,285, which we have determined raises substantial doubt about the Company’s ability to continue as a going concern. Further, marijuana remains illegal under federal law as a schedule-I controlled substance, even in those jurisdictions in which the use of medical or recreational marijuana has been legalized at the state level. A change in the federal attitude towards enforcement could cripple the industry. The medical and recreational marijuana industry is our primary target market, and if this industry was unable to operate, we would be subject to all potential remedies under federal law and lose the majority of our potential clients, which would have a negative impact on our business, operations and financial condition. The ability of the Company to continue as a going concern is dependent on our ability to raise adequate capital to fund operating losses until we are able to engage in profitable business operations and the continuation of the current regulatory and enforcement environment. To the extent financing is not available, the Company may not be able to, or may be delayed in, developing our services and meeting our obligations. Management’s plans to address these matters include maintaining an awareness of the current regulatory and enforcement environment, controlling costs, evaluating our projected expenditures relative to our available cash and evaluating additional means of financing in order to satisfy our working capital and other cash requirements. The accompanying condensed consolidated financial statements do not reflect any adjustments that might result from the outcome of these uncertainties.

2. Warrants

2. Warrants	3 Months Ended
	Sep. 30, 2015
Notes
2. Warrants	2. Warrants As of September 30, 2015 the Company had no outstanding options and no outstanding warrants. During the quarter ended September 30, 2015, the Company issued no shares of its common stock through the exercise of stock purchase warrants.

3. Related Party Transactions

3. Related Party Transactions	3 Months Ended
	Sep. 30, 2015
Notes
3. Related Party Transactions	3. Related Party Transactions The Chief Financial Officer, who is a sibling of the Chief Executive Officer, provided services and the use of her facilities to the Company at no costs to the Company since our inception. Our CEO, through an entity that he controls, has entered into a lease for 7,500 square feet of space in our facility. The lease term begins once tenant improvements are completed and the premises are occupied, and continues for a period of 36 months. The lease agreement requires no rental payments for the first 12 months of the lease and rental payments of $54,000 per year for the second and third year of the lease. As of July 1, 2015, the lease term has begun on two of the five units. The lease term has not begun as of September 30, 2015 on the remaining three units and no revenue associated with these three units has been recorded in the accompanying financial statements.

4. Subsequent Events

4. Subsequent Events	3 Months Ended
	Sep. 30, 2015
Notes
4. Subsequent Events	4. Subsequent Events Pioneer Business Park: The Company has executed a Purchase and Sale Agreement for purchase of property known as Pioneer Business Park Lot 26 located in Eugene Oregon. The purchase price is $395,000. On April 9, 2015 a 10% deposit was due to the Seller. On April 9, 2015 $39,500 was paid to the Seller with the remainder of the purchase price due when ground is broken or one year from April 9, 2015, whichever comes first. This location will allow the construction of three buildings. The plan is to build in three separate phases. Increase in Authorized Shares of Capital Stock: Our Board and the Majority Stockholders authorized the common stock change to set the number of authorized shares of capital stock the Company shall authority to issue at 100,000,000 common shares and 10,000,000 preferred shares. This will increase the number of authorized common shares the corporation may issue from 45,000,000 to 100,000,000 and the number of authorized preferred shares the corporation may issue from 5,000,000 to 10,000,000. The additional shares of common stock available for issue would be part of the existing class of common stock, if and when issued. These shares would have the same rights and privileges as the shares of common stock currently outstanding. Holders of the Company’s common stock do not have preemptive rights to subscribe for and purchase any new or additional issues of common stock or securities convertible into common stock. At the present time there are no shares of preferred stock issued and outstanding and no rights and preferences for any series of preferred stock have been designated. Therefore, the increase in authorized shares of preferred stock will merely increase the number of preferred shares the corporation would have available if and when it should ever designate a series of preferred shares and designate rights and preferences therefore. Management believes that an increase in the capital stock available for issuance is in the best interests of the Company and its stockholders. The purpose of increasing the number of authorized shares of capital stock is to have shares available for issuance for such corporate purposes as the Board may determine in its discretion, including, without limitation: · · · · · · Although the Company is actively discussing financing alternatives which may result in the issuance of additional shares of common stock, the Company has no such plans, proposals, or arrangements, written or otherwise, at this time to issue any of the newly available authorized shares of common stock. Since 44,780,879 of our 45,000,000 authorized shares are currently outstanding, our ability to issue additional shares without the proposed amendment is clearly extremely limited. Reverse Stock Split: Our board of directors has adopted a resolution authorizing, but not requiring, a reverse split of our common stock at a ratio of 1-for-20. Reason(s) for stock split: · · Principal Effects of the Reverse Split In the event our board of directors determines to effect the reverse stock split, we will publicly announce the reverse split and the exact number of shares in the range previously approved by the Board. The par value of our common stock and preferred stock will remain at $0.0001 and $.01 per share, respectively. In the event the reverse stock split and preferred amendment is later affected by our board, it will apply simultaneously for all outstanding shares of our common stock and preferred stock. The reverse stock split will affect all of our common stockholders uniformly and will not affect any stockholders percentage ownership interest in the Company, except to the extent that the reverse stock split results in any of our stockholders owning a fractional share, in which case such fractional share will be rounded up to the next whole share. Stock issued pursuant to the reverse stock split will remain fully paid and non-assessable. The reverse stock split will not affect our ongoing reporting obligations under the Securities Exchange Act of 1934, as amended. As shown in the table below, in the event the reverse stock split is effected, one of the results will be to effectively increase the proportion of authorized shares of common stock and preferred stock which are unissued relative to those which are issued. The following table provides estimates as of September 29, 2015 of the number of shares of our common and preferred stock (a) authorized, (b) outstanding, and (c) available for issuance at the following times: (i) prior to any reverse stock split; (ii) in the event the reverse stock split is affected; and (iii) assuming the increase in authorized shares in the first amendment: Shares Authorized Shares Outstanding Shares available for Issuance Prior to any action 45,000,000 44,780,879 219,121 After the Reverse Split 45,000,000 2,239,044 42,760,956 After the Reverse Split and increase in Authorized 100,000,000 2,239,044 97,760,956 Accounting Matters of Reverse Stock Split: The reverse stock split will not affect the par value of our common or preferred stock, which will remain $0.001 and $.01 par value per share, respectively. As a result, at the effective time of the reverse stock split, the stated capital attributable to common and preferred stock and the additional paid-in capital account on our balance sheet will not change. Reported per share net income or loss will be higher because there will be fewer shares of stock outstanding.

1. Summary of Significant Acc10

1. Summary of Significant Accounting Policies and Use of Estimates (Policies)	3 Months Ended
	Sep. 30, 2015
Policies
Basis of Presentation:	Basis of Presentation: The accompanying condensed consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States (“GAAP”), and pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC").
Consolidation:	Consolidation: These condensed consolidated financial statements include the accounts of Grow Condos, Inc., and its wholly-owned subsidiary, WCS. All significant intercompany accounting transactions have been eliminated as a result of consolidation.
Use of Estimates:	Use of Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. We believe that it is at least reasonably possible that the effect on the financial statements of a condition, situation, or set of circumstances that existed at the date of the financial statements will change in the near term due to one or more future confirming events and the effect of the change would be material to the financial statements. Significant estimates include, but are not limited to, the estimate of the allowance for doubtful accounts, equity compensation, allocation of purchase price for acquired assets, and depreciable lives of long lived assets.
Fair Value of Financial Instruments:	Fair Value of Financial Instruments: The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable, accrued liabilities, mortgages payable and short term advances approximate fair value given their short term nature or effective interest rates, which represent level 3 inputs.
Earnings Per Share:	Earnings per Share: Basic earnings per share is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period and contains no dilutive securities. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. For the period ended September 30, 2015, all potentially dilutive securities are anti-dilutive due to the Company’s losses from operations. All dilutive common stock equivalents are reflected in our earnings (loss) per share calculations. Anti-dilutive common stock equivalents are not included in our earnings (loss) per share calculations. As of September 30, 2015 the Company had no outstanding options and no outstanding warrants.
Income Taxes:	Income Taxes: The Company files income tax returns in the U.S. federal jurisdiction and the State of Oregon. The Company is subject to federal, state and local income tax examinations by tax authorities for approximately the past three years, or in some instances longer periods. Deferred income taxes are provided using the asset and liability method, whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Net deferred
Going Concern:	Going Concern: The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. In their report dated October 9, 2015, our independent registered public accounting firm included an emphasis-of-matter paragraph with respect to our financial statements for the period from July 1, 2014 to June 30, 2015 concerning the Company’s assumption that we will continue as a going concern. The Company operates within an industry that is illegal under federal law, has yet to achieve profitable operations, has a significant accumulated deficit and is dependent on our ability to raise capital from stockholders or other sources to sustain operations and ultimately achieve viable profitable operations. As reported in these condensed consolidated financial statements, the Company has not yet achieved profitable operations and has an accumulated deficit of $11,460,285, which we have determined raises substantial doubt about the Company’s ability to continue as a going concern. Further, marijuana remains illegal under federal law as a schedule-I controlled substance, even in those jurisdictions in which the use of medical or recreational marijuana has been legalized at the state level. A change in the federal attitude towards enforcement could cripple the industry. The medical and recreational marijuana industry is our primary target market, and if this industry was unable to operate, we would be subject to all potential remedies under federal law and lose the majority of our potential clients, which would have a negative impact on our business, operations and financial condition. The ability of the Company to continue as a going concern is dependent on our ability to raise adequate capital to fund operating losses until we are able to engage in profitable business operations and the continuation of the current regulatory and enforcement environment. To the extent financing is not available, the Company may not be able to, or may be delayed in, developing our services and meeting our obligations. Management’s plans to address these matters include maintaining an awareness of the current regulatory and enforcement environment, controlling costs, evaluating our projected expenditures relative to our available cash and evaluating additional means of financing in order to satisfy our working capital and other cash requirements. The accompanying condensed consolidated financial statements do not reflect any adjustments that might result from the outcome of these uncertainties.

1. Summary of Significant Acc11

1. Summary of Significant Accounting Policies and Use of Estimates (Details) - shares	1 Months Ended	3 Months Ended
	Jun. 30, 2014	Sep. 30, 2015
Date of Incorporation		Oct. 22, 1999
Common Stock | One Member of WCS
Shares issued in exchange for WCS membership interests	18,369,000
Noncash or Part Noncash Acquisition, Interest Acquired	44.00%
WCS | Common Stock
Shares issued in exchange for WCS membership interests	20,410,000
Noncash or Part Noncash Acquisition, Interest Acquired	51.67%

1. Summary of Significant Acc12

1. Summary of Significant Accounting Policies and Use of Estimates: Earnings Per Share (Details)	3 Months Ended
	Sep. 30, 2015shares
Equity Option
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0
Warrant
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0

1. Summary of Significant Acc13

1. Summary of Significant Accounting Policies and Use of Estimates: Going Concern (Details) - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Details
Accumulated deficit	$ (11,460,285)	$ (11,440,527)

2. Warrants (Details)

2. Warrants (Details)	3 Months Ended
	Sep. 30, 2015shares
Options, Outstanding, Number	0
Warrants, Outstanding	0
Common Stock
Stock Issued During Period, Shares, Warrant Exercise	0

3. Related Party Transactions (

3. Related Party Transactions (Details)	3 Months Ended
	Sep. 30, 2015ft²
Area of Real Estate Property	7,500
Chief Executive Officer
Description Leasing Arrangements, Operating Lease	The lease term begins once tenant improvements are completed and the premises are occupied, and continues for a period of 36 months. The lease agreement requires no rental payments for the first 12 months of the lease and rental payments of $54,000 per year for the second and third year of the lease.

4. Subsequent Events (Details)

4. Subsequent Events (Details) - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 29, 2015	Jun. 30, 2015
Preferred Stock, shares authorized	5,000,000		5,000,000
Common Stock, shares outstanding	44,798,479		41,698,497
Common Stock, shares authorized	45,000,000		45,000,000
Subsequent Event
Preferred Stock, shares authorized	5,000,000
Stockholders' Equity, Reverse Stock Split	Our board of directors has adopted a resolution authorizing, but not requiring, a reverse split of our common stock at a ratio of 1-for-20
Common Stock, shares outstanding		44,780,897
Subsequent Event | Common Stock
Share Price		$ 0.11
Subsequent Event | After Reverse Split and increase in Authorized
Preferred Stock, shares authorized	10,000,000
Common Stock, shares outstanding	2,239,044
Common Stock, shares authorized	100,000,000
Shares available for Issuance	97,760,956
Subsequent Event | Prior to Reverse Split
Common Stock, shares outstanding	44,780,879
Common Stock, shares authorized	45,000,000
Shares available for Issuance	219,121
Subsequent Event | After Reverse Split
Common Stock, shares outstanding	2,239,044
Common Stock, shares authorized	45,000,000
Shares available for Issuance	42,760,956
Subsequent Event | Building
Real Estate Investment Property, at Cost	$ 395,000
Real Estate Property Deposit, Percentage	10.00%
Payments for Deposits on Real Estate Acquisitions	$ 39,500