Alanco (ALAN) 10-Q 14 Feb 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Dec. 31, 2013	Feb. 07, 2014
Document And Entity Information	'	'
Entity Registrant Name	'ALANCO TECHNOLOGIES INC	'
Entity Central Index Key	'0000098618	'
Document Type	'10-Q	'
Document Period End Date	31-Dec-13	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--06-30	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	4,932,500
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2014	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Jun. 30, 2013
CURRENT ASSETS	'	'
Cash and cash equivalents	$1,371,000	$696,400
Accounts receivable - trade	62,900	9,600
Other receivables	22,600	32,800
Notes receivable, current	400,000	375,000
Marketable securities - restricted	673,200	1,562,600
Prepaid expenses and other current assets	104,100	121,000
Total current assets	2,633,800	2,797,400
LAND, PROPERTY AND EQUIPMENT, NET	4,309,500	4,339,900
OTHER ASSETS	'	'
Trust account-Asset retirement obligation	39,300	30,000
Prepaid royalties, long-term	50,000	50,000
TOTAL ASSETS	7,032,600	7,217,300
CURRENT LIABILITIES	'	'
Accounts payable and accrued expenses	250,300	220,900
Contingent payments, current	50,000	50,000
Total current liabilities	300,300	270,900
LONG-TERM LIABILITIES	'	'
Contingent payments, long-term	1,121,400	1,104,600
Asset retirement obligation, long-term	417,400	417,400
TOTAL LIABILITIES	1,839,100	1,792,900
SHAREHOLDERS' EQUITY	'	'
Preferred Stock	0	0
Common Stock Class A - 75,000,000 no par shares authorized, 4,932,500 and 4,989,300 shares issued and outstanding at December 31, 2013 and June 30, 2013, respectively	109,095,100	109,121,200
Common Stock Class B - 25,000,000 no par shares authorized and none issued and outstanding	0	0
Accumulated Other Comprehensive Income	364,300	549,900
Accumulated Deficit	-104,265,900	-104,246,700
Total shareholders' equity	5,193,500	5,424,400
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY	$7,032,600	$7,217,300

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical)	Dec. 31, 2013	Jun. 30, 2013
Consolidated Balance Sheets	'	'
Class A Common Stock, Shares Authorized	75,000,000	75,000,000
Class A Common Stock, Shares Issued	4,932,500	4,989,300
Class A Common Stock, Shares Outstanding	4,932,500	4,989,300
Class B Common Stock, Shares Authorized	25,000,000	25,000,000
Class B Common Stock, Shares Issued	0	0
Class B Common Stock, Shares Outstanding	0	0

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Consolidated Statements Of Operations	'	'	'	'
NET REVENUES	$69,600	$43,800	$84,400	$145,000
Cost of revenues	86,700	93,900	155,500	158,400
GROSS PROFIT (LOSS)	-17,100	-50,100	-71,100	-13,400
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	'	'	'	'
Corporate expenses	78,300	134,200	155,500	330,300
Alanco Energy Services	185,800	183,200	418,700	267,700
Amortization of stock-based compensation	0	34,100	0	68,300
Selling general and administrative expenses	264,100	351,500	574,200	666,300
OPERATING LOSS	-281,200	-401,600	-645,300	-679,700
OTHER INCOME & EXPENSES	'	'	'	'
Interest income (expense), net	8,300	5,800	16,100	12,000
Gain on sale of Symbius investment	0	0	0	86,800
Gain on sale of marketable securities, net	403,900	210,200	608,700	491,000
Other income (expense), net	1,100	0	1,300	200
NET INCOME (LOSS)	$132,100	($185,600)	($19,200)	($89,700)
NET INCOME (LOSS) PER SHARE - BASIC AND DILUTED	'	'	'	'
Net income (loss) per share attributable to common shareholders	$0.03	($0.04)	$0	($0.02)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	4,941,800	5,010,300	4,941,800	5,010,300

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'	'	'
Net Income (Loss)	$132,100	($185,600)	($19,200)	($89,700)
Reclassification adjustment for gain included in net income (loss)	-403,900	-210,200	-608,700	-491,000
Net unrealized gain (loss) on marketable securities	116,800	-7,200	196,500	325,300
Net unrealized gains on marketable securities sold during the period	57,700	140,400	226,600	280,000
Comprehensive Income (Loss)	($97,300)	($262,600)	($204,800)	$24,600

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (USD $)	Common Stock	Treasury Stock	ACCUMULATED OTHER COMPREHENSIVE INCOME	Retained Earnings / Accumulated Deficit	Total
Beginning balance, Amount at Jun. 30, 2013	$109,121,200	$0	$549,900	($104,246,700)	$5,424,400
Beginning balance, Shares at Jun. 30, 2013	4,989,300	0	'	'	'
Shares of Alanco common stock repurchased, Amount	'	26,100	'	'	26,100
Shares of Alanco common stock repurchased, Shares	'	56,800	'	'	'
Treasury shares retired, Amount	-26,100	-26,100	'	'	-52,200
Treasury shares retired, Shares	-56,800	-56,800	'	'	'
Unrealized loss on marketable securities, net of tax	'	'	-185,600	'	-185,600
Net loss	'	'	'	-19,200	-19,200
Ending balance, Amount at Dec. 31, 2013	$109,095,100	$0	$364,300	($104,265,900)	$5,193,500
Ending balance, Shares at Dec. 31, 2013	4,932,500	0	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net loss	($19,200)	($89,700)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation and amortization	85,900	58,300
Accretion expense	16,800	12,700
Gain on sale of Symbius investment	0	-86,800
Gain on sale of marketable securities	-608,700	-491,000
Stock-based compensation	0	68,300
Changes in operating assets and liabilities:	'	'
Accounts receivable	-53,300	-4,100
Other receivables	10,200	-18,900
Prepaid expenses and other current assets	16,900	-44,200
Trust account-asset retirement obligation	-9,300	0
Accounts payable and accrued expenses	29,400	-406,900
Net cash used in operating activities	-531,300	-1,002,300
CASH FLOWS FROM INVESTING ACTIVITIES	'	'
Issuance of note receivable to American Citizenship Center, LLC	-25,000	-50,000
Proceeds from repayment of Symbius and ACC note	0	150,000
Purchase of land, property, and equipment	-55,500	-861,200
Proceeds from sale of marketable securities	1,312,500	2,245,500
Proceeds from sale of Symbius investment, net of legal expenses	0	248,900
Net cash provided by investing activities	1,232,000	1,733,200
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Purchase of treasury shares	-26,100	0
Repayment of debt	0	-200,000
Net cash used in financing activities	-26,100	-200,000
NET INCREASE IN CASH AND CASH EQUIVALENTS	674,600	530,900
CASH AND CASH EQUIVALENTS, beginning of period	696,400	284,300
CASH AND CASH EQUIVALENTS, end of period	1,371,000	815,200
Non-cash investing & financing activities:	'	'
Unrealized gain (loss) on marketable securities	$185,600	$191,600

1_Basis_of_Presentation_and_Re

1. Basis of Presentation and Recent Accounting Policies and Pronouncements	6 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Presentation and Recent Accounting Policies and Pronouncements	'
	Recent Business Development
	Alanco Energy Services, Inc. – In April 2012, Alanco Energy Services, Inc. (“AES”), a wholly-owned subsidiary of the Company, executed an agreement with TC Operating, LLC (“TCO”) of Grand Junction, CO to transfer a land lease for approximately 24 acres near Grand Junction, CO (“Deer Creek site”) and all related assets to AES with the intent for AES to construct facilities for the treatment and disposal of large quantities of produced water generated by oil and natural gas producers in Western Colorado. The site was chosen due to its unique ability to meet stringent government requirements for disposal of the high saline water produced as a by-product of oil and gas production, and termed “produced water”. The agreement included the transfer of all related tangible and intangible assets as well as Federal, State and County permits (issued or in process) required to construct and operate the facilities. Subsequent to the TCO agreement, AES renegotiated an amended lease that became effective on May 1, 2012. The terms of the amended lease requires minimum monthly lease payments plus additional rent based upon quantities of produced water received at the site. In addition, under the TCO agreement, TCO can earn additional payments based upon a percentage of the net cumulative EBITDA (net of all related AES capital investments) over a period of approximately 10 years (contingent purchase price obligation), starting January 1, 2014. Under certain circumstances, the acreage covered by the lease may be expanded by up to 50 acres to allow for additional expansion at the site. See Note H – Contingent Payments for additional discussion of the earn-out.
	AES also purchased a 160 acre site near Grand Junction, CO (“Indian Mesa site”) from Deer Creek Disposal, LLC (“DCD”), for additional expansion of the disposal facility. As consideration for the land purchase, AES paid $500,000 at the April 13, 2012 closing and assumed a non-interest bearing, secured, $200,000 note which was paid on its November 15, 2012 due date. AES has also agreed to contingent quarterly earn-out payments to DCD up to a maximum total of $800,000, generally determined as 10% of quarterly revenues in excess of operating expenses, not to exceed $200,000 for any calendar quarter (contingent land payment). See Note H – Contingent Payments for additional discussion of the contingent land payment.
	Related to the treatment and disposal facilities, in fiscal year 2012 AES entered into a management agreement with TCO to manage the project for a monthly management fee of $10,000 initially and $20,000 after final permits for the Deer Creek operation are obtained. The management agreement expired in January 2013 and is continuing on a month to month basis. During the six months ended December 31, 2013, the Company paid TCO $109,000 under the management agreement. In addition, TCO earned an additional variable fee of approximately $3,900 for December 2013 revenues which was paid in January 2014. Refer to the Company’s Form 10-K for the fiscal year ended June 30, 2013 for additional discussion about the TCO management agreement.
	Basis of Presentation
	The unaudited condensed consolidated financial statements presented herein have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and in accordance with the instructions to Form 10-Q. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted. In our opinion, the accompanying condensed consolidated financial statements include all adjustments necessary for a fair presentation of such condensed consolidated financial statements. Such necessary adjustments consist of normal recurring items and the elimination of all significant intercompany balances and transactions.
	These interim condensed consolidated financial statements should be read in conjunction with the Company’s June 30, 2013 Annual Report filed on Form 10-K. Interim results are not necessarily indicative of results for a full year.
	The preparation of financial statements in conformity with GAAP 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. Actual results could differ from these estimates.
	Fair Value of Assets and Liabilities – The estimated fair values for assets and liabilities are determined at discrete points in time based on relevant information. The Accounting Standards Codification (“ASC”) prioritizes inputs used in measuring fair value into a hierarchy of three levels: Level 1 – unadjusted quoted prices for identical assets or liabilities traded in active markets, Level 2 – observable inputs other than quoted prices included within Level 1 such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability; and Level 3 – unobservable inputs in which little or no market activity exists that are significant to the fair value of the assets or liabilities, therefore requiring an entity to develop its own assumptions that market participants would use in pricing. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of receivables, prepaid expenses, accounts payable, and accrued liabilities approximate fair value given their short-term nature, which represent Level 3 input levels.
	The following are the classes of assets and liabilities measured at fair value on a recurring basis at December 31, 2013, using quoted prices in active markets for identical assets (Level 1); significant other observable inputs (Level 2); and significant unobservable inputs (Level 3):
			Level 1:
			Quoted Prices		Level 2:
			in active		Significant		Level 3:		Total
			Markets		Other		Significant		at
			for Identical		Observable		Unobservable		December 31,
			Assets		Inputs		Inputs		2013
	Marketable Securities - Restricted	$	-	$	673,200	$	-	$	673,200
	Asset Retirement Obligation		-		-		417,400		417,400
	Contigent Land Payment		-		-		650,800		650,800
	Contingent Purchase Price		-		-		520,600		520,600
		$	-	$	673,200	$	1,588,800	$	2,262,000
	Fair Value of Marketable Securities - Restricted – The estimated fair values of Marketable Securities - Restricted are determined at discrete points in time based on relevant market information. The Marketable Securities – Restricted is comprised entirely of ORBCOMM Inc. (“ORBCOMM”) common shares (NASDAQ: ORBC) registered under a currently effective ORBCOMM Form S-3 registration statement. Under the terms of the Agreement, the Company is limited to selling up to 279,600 shares per month and 83,300 shares included in Marketable Securities are held in escrow as discussed in Note J – Commitments and Contingencies. The sale restriction above is why the fair value measurement at December 31, 2013 of ORBCOMM’s Stock is based on quoted prices for similar assets in active markets that are directly observable and thus represent a Level 2 fair value measurement. However, management does not believe the restriction will interfere with any plans to market their stock holdings. As such, the trading price is used as fair value with no further adjustment. The remaining shares will be revalued at the end of each reporting period with per share market value fluctuations reported as Comprehensive Income (Loss) for the period.
	Asset Retirement Obligation – The Deer Creek asset retirement obligation is the estimated cost to close the Deer Creek facility under terms of the lease, meeting environmental and State of Colorado regulatory requirements. The estimate is determined at discrete points in time based upon significant unobservable inputs in which little or no market activity exists that is significant to the fair value of the liability, therefore requiring the Company to develop its own assumptions. Management’s estimate of the asset retirement obligation is based upon a cost estimate developed by a consultant knowledgeable of government closure requirements and costs incurred at similar water disposal facility operations. The process used was to identify each activity in the closure process, obtaining vendor estimated costs, in current dollars, to perform the closure activity and accumulating the various vendor estimates to determine the asset retirement obligation. A present value discount has not been taken as the estimated closure costs, excluding regulatory changes and inflation adjustments, are anticipated to remain fairly consistent over the operational life of the facility. The lack of an active market to validate the estimated asset retirement obligation results in the fair value of asset retirement obligation to be a Level 3 fair value measurement. ASC Topic 410-20: Asset Retirement Obligations requires the Company to review the asset retirement obligation on a recurring basis and record changes in the period incurred.
	Contingent Payments – The contingent land payment and contingent purchase price liabilities are also determined at discrete points in time based upon unobservable inputs in which little or no market activity exists that is significant to the fair value of the liability, therefore requiring the Company to develop its own assumptions. In calculating the estimate of fair value for both of the contingent payments, management completed an estimate of the present value of each identified contingent liability based upon projected income, cash flows and capital expenditures for the Deer Creek facility developed under plans currently approved by the Company’s board of directors. Different assumptions relative to the expansion or alternative uses of the Deer Creek and Indian Mesa facilities could result in significantly different valuations. The projected payments have been discounted at a rate of 3% per annum to determine net present value. The lack of an active market to validate the estimated contingent land and purchase price liabilities results in the fair value of the contingent land and purchase price liabilities to be a Level 3 fair value measurement. ASC Topic 820: Fair Value Measurement requires the Company to review the contingent land and purchase price liabilities on a recurring basis and record changes in the period incurred.
	New Accounting Policies
	The Company did not adopt any new accounting policies in the six months ended December 31, 2013.
	Recent Accounting Pronouncements
	In July 2013, the FASB issued guidance on the presentation of unrecognized tax benefits when a net operating loss carry forward, a similar tax loss, or a tax credit carry forward exits at the reporting date. The guidance is effective for fiscal and interim periods within those years, beginning after December 15, 2013 and early adoption is permitted. The Company has adopted the guidance, which had no material impact on its financial position and results of operations.
	In December 2013, the FASB issued updates to the definition of a public business entity. The guidance is designed to clarify the definition of a public entity within the U.S. generally accepted accounting principles on a going-forward basis. The guidance does not have a set effective date, but is applicable for new issuances that may be applicable to the Company.
	There have been no other recent accounting pronouncements or changes in accounting pronouncements during the six months ended December 31, 2013, that are of significance, or potential significance, to us.

2_StockBased_Compensation_and_

2. Stock-Based Compensation and Warrants	6 Months Ended
	Dec. 31, 2013
Equity [Abstract]	'
Stock-Based Compensation and Warrants	'
	The Company has stock-based compensation plans and reports stock-based compensation expense for all stock-based compensation awards based on the estimated grant date fair value. The value of the compensation cost is amortized on a straight-line basis over the requisite service periods of the award (generally the option vesting term).
	The Company estimates fair value using the Black-Scholes valuation model. Assumptions used to estimate compensation expense are determined as follows:
		·	Expected term is determined under the simplified method using an average of the contractual term and vesting period of the award as appropriate statistical data required to properly estimate the expected term was not available;
		·	Expected volatility of award grants made under the Company’s plans is measured using the historical daily changes in the market price of the Company’s common stock over the expected term of the award and contemplation of future activity;
		·	Risk-free interest rate is the implied yield on zero-coupon U.S. Treasury bonds with a remaining maturity equal to the expected term of the awards; and,
		·	Forfeitures are based on the history of cancellations of awards granted by the Company and management’s analysis of potential future forfeitures.
	The Company has several employee stock option and officer and director stock option plans that have been approved by the shareholders of the Company. The plans require that options be granted at a price not less than market on the date of grant and are more fully discussed in our Form 10-K for the year ended June 30, 2013.
	The following table summarizes the Company’s stock option activity during the first six months of fiscal 2014:
							Weighted
						Weighted	Average
						Average	Remaining		Aggregate		Aggregate
						Exercise Price	Contractual		Fair		Instrinsic
				Shares		Per Share	Term (1)		Value (3)		Value (2)
	Outstanding July 1, 2013			1,084,100		$0.67	4.18	$	296,100	$	-
		Granted		-		-	-		-		-
		Exercised		-		-	-		-		-
		Forfeited or expired		(7,500)		$1.50	-		-4,000		-
	Outstanding December 31, 2013			1,076,600		$0.66	3.7	$	292,100	$	-
	Exercisable December 31, 2013			1,076,600		$0.66	3.7	$	292,100	$	-
	-1	Remaining contractual term presented in years.
	-2	The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying
		awards and the closing price of the Company's common stock as of December 31, 2013, for those awards that
		have an exercise price currently below the closing price as of December 31, 2013 of $.45.
	-3	Aggregate Fair Value is calculated using the Black Scholes option pricing model to estimate fair value of stock-based
		compensation.
	As of December 31, 2013, there were no unamortized Black Scholes values related to stock option grants made in prior periods. There were no new grants during the six months ended December 31, 2013.
	As of December 31, 2013, the Company had no outstanding warrants. All warrants that were outstanding as of June 30, 2013 expired during the three months ended September 30, 2013. The following table summarizes the Company’s warrant activity during the first six months of fiscal 2014:
						Weighted
				Number of		Average
				Shares		Exercise Price
	Warrants Outstanding, June 30, 2013			95,100	$	2.64
		Granted		-		-
		Exercised		-		-
		Canceled/Expired		(95,100)		2.64
	Warrants Outstanding, December 31, 2013			-	$	-

3_Marketable_Securities_Restri

3. Marketable Securities - Restricted	6 Months Ended
	Dec. 31, 2013
Investments, Debt and Equity Securities [Abstract]	'
MARKETABLE SECURITIES - RESTRICTED	'
	At December 31, 2013, the Company had net Marketable Securities - Restricted in the amount of $673,200 representing the market value ($6.34 per share) of 106,180 ORBCOMM Common Shares (NASDAQ: ORBC) received as partial consideration in the May 16, 2011 sale of StarTrak, net of an estimated 83,306 shares to be returned to ORBCOMM for settlement of obligations under the escrow agreement more fully discussed in our Form 10-K filed for the fiscal year ended June 30, 2013. The net cost basis of these shares at December 31, 2013 and June 30, 2013 is $2.91 per share.
	The ORBCOMM common shares are registered under a currently effective ORBCOMM Form S-3 registration statement; however, under the terms of the Agreement, the Company is limited to selling up to 279,600 shares monthly. The Company has classified these securities as available-for-sale at both December 31, 2013 and June 30, 2013. The fair value measurement on the date indicated is based upon quoted prices for similar assets in active markets and thus represents a Level 2 fair value measurement. The restriction discussed above is why ORBCOMM’s Common Stock trading price is deemed a Level 2 input. However, management does not believe the restriction will interfere with any plans to market their stock holdings, of which 22,875 were freely tradable as of December 31, 2013. As such, the trading price is used as fair value with no further adjustment.
	The shares held are revalued at the end of each reporting period with per share market value fluctuations reported as Comprehensive Income (Loss) for the period. Based upon the change in market value of $4.49 per share at June 30, 2013 to $6.34 per share at December 31, 2013, the Company recorded an unrealized gain on marketable securities held at December 31, 2013 (presented in the Condensed Consolidated Statements of Comprehensive Income (Loss)), of $196,500. The actual gain or loss on securities sold is reported in the Condensed Consolidated Statements of Operations. At December 31, 2013, the Accumulated Other Comprehensive Income of $364,300 was presented in the Shareholders’ Equity section of the Condensed Consolidated Balance Sheet.
	The Company reviews its marketable equity holdings in ORBCOMM on a regular basis to determine if its investment has experienced an other-than-temporary decline in fair value. The Company considers ORBCOMM’s cash position, earnings and revenue outlook, stock price performance, liquidity and management ownership, among other factors, in its review. If it is determined that an other-than-temporary decline exists, the Company writes down the investment to its market value and records the related impairment as an investment loss in its Statement of Operations. As of close of market on February 7, 2014, the per share value of the ORBCOMM Common Stock was $7.15, $4.24 per share above the cost basis of $2.91 per share and above the June 30, 2013 valuation of $4.49 per share as presented on the attached balance sheet.
	The Company sold a total of 241,831 shares of ORBCOMM, Inc. Common Stock during the six months ended December 31, 2013 for total proceeds of $1,312,500, and an average selling price of approximately $5.43 per share, resulting in a net gain of $608,700. The remaining net shares at December 31, 2013 of 106,180 include approximately 83,300 shares that are still held in escrow.
	The following table summarizes the activities related to investment in Marketable Securities for the six months ended December 31, 2013:
	Marketable Securities
				Cost Basis						Accumulated
		Net		at $2.91		Market Value				Unrealized
		Shares		Per Share		Per Share		Total Value		Gain		(Loss)
	30-Jun-13	348,011	$	1,012,700	$	4.49	$	1,562,600	$	549,900	$	-
	Shares sold	(101,118)		(294,300)
	30-Sep-13	246,893	$	718,400	$	5.24	$	1,293,700	$	575,300	$	-
	Shares sold	-140,713		-409,500
	31-Dec-13	106,180	$	308,900	$	6.34	$	673,200	$	364,300	$	-

4_Note_Receivable

4. Note Receivable	6 Months Ended
	Dec. 31, 2013
Receivables [Abstract]	'
NOTES RECEIVABLE	'
	Note receivable of $400,000 and $375,000 at December 31, 2013 and June 30, 2013 respectively, represents a note due from American Citizenship Center, LLC (“ACC”), a related party. The $400,000 balance at December 31, 2013 represents the outstanding amount drawn on a $400,000 credit line. The note is secured by all assets of ACC and bears interest at the rate of 7.5% per annum.
	ACC’s first payment under the note agreement of $100,000 was due not later than December 31, 2013. ACC failed to make that payment and defaulted on the note.
	The Company believes its interests are best served by working with ACC and subsequent to December 31, 2013, the parties renegotiated new terms for the note delaying repayments until June 2014 when a $25,000 payment is due, followed by a July 2014 payment of $25,000 and subsequent monthly payments of $50,000 until the note is paid in full. In addition, the interest rate increased from 7.5% to 9%, a loan restructuring fee of $25,000 was added to the note balance and will be recognized when paid, certain warrants held by the Company were extended and re-priced, payment of accounting services fees of $3,000 per month for January 2014 through March 2014 were deferred and added to the note balance, and finally, a personal guarantee for $50,000 was obtained from the founding partner of ACC.
	The Company has reviewed ACC’s current projections and has discussed its new business plan and believes the new plan will provide for repayment of the ACC note under payment terms discussed above. The new plan is based upon the assumption that immigration reform will not be passed by congress. If immigration reform is passed in the next few months, it is assumed the impact on ACC’s business plan would be positive. No provision for collectability has been recorded as of December 31, 2013 as current ACC financial projections indicate the note will be paid under amended terms.

5_Land_Property_and_Equipment

5. Land, Property and Equipment	6 Months Ended
	Dec. 31, 2013
Property, Plant and Equipment [Abstract]	'
LAND, PROPERTY AND EQUIPMENT	'
	Land, Property and Equipment at December 31, 2013 and June 30, 2013 consist of the following:
			30-Jun-13		Additions		31-Dec-13
	Office furniture and equipment	$	51,300	$	-	$	51,300
	Water disposal facility		2,707,700		6,900		2,714,600
	Production equipment		207,800		1,500		209,300
			2,966,800		8,400		2,975,200
	Less accumulation depreciation		(190,200)		(85,900)		(276,100)
	Land and improvements		1,429,900		35,300		1,465,200
	Construction in progress		133,400		11,800		145,200
	Net book value	$	4,339,900	$	(30,400)	$	4,309,500

6_Earnings_Per_Share

6. Earnings Per Share	6 Months Ended
	Dec. 31, 2013
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	Basic and diluted loss per share of common stock was computed by dividing net loss by the weighted average number of shares of common stock outstanding.
	Diluted earnings per share are computed based on the weighted average number of shares of common stock and dilutive securities outstanding during the period. Dilutive securities are options, warrants, convertible debt, and preferred stock that are freely exercisable into common stock at less than the prevailing market price. Dilutive securities are not included in the weighted average number of shares when inclusion would increase the earnings per share or decrease the loss per share. For the six months ended December 31, 2013 and 2012, there were no dilutive securities included in the loss per share calculation as the effect would be antidilutive. While the Company had net income for the three months ended December 31, 2013, the potentially dilutive securities are priced above market as of December 31, 2013 and are therefore antidilutive. Considering all holders’ rights, total common stock equivalents issuable under these potentially dilutive securities are approximately 1,076,600 and 815,700 at December 31, 2013 and 2012, respectively.

7_Equity

7. Equity	6 Months Ended
	Dec. 31, 2013
Equity [Abstract]	'
EQUITY	'
	The Company did not issue any Common Stock during the six months ended December 31, 2013.
	During the six months ended December 31, 2013, the Company recognized a comprehensive unrealized gain on marketable securities in the amount of $423,100 to reflect the increase in value of Marketable Securities – Restricted during the period, offset by a reclassification of $608,700 for realized gain on marketable securities sold during the period included in Net Income (Loss). These amounts are reported in the Condensed Consolidated Statement of Changes in Shareholders’ Equity as a net change of ($185,600) during the six months ended December 31, 2013. See Note A – Basis of Presentation and Recent Accounting Policies and Pronouncements for additional discussion of fair value of financial instruments and marketable securities.
	In December 2011, the Company announced that its board of directors had authorized a stock repurchase program whereby the Company could repurchase up to 2 million shares of its outstanding common stock over the next 12 months. The stock repurchase program was extended, under the same limitation, through December 31, 2013. For the six months ended December 31, 2013, the Company had repurchases under the program for a total of 56,800 shares at a cost of approximately $26,100, or $.46 per share.
	The Company has authorized 25,000,000 shares of Preferred Stock of which 5,000,000 shares have been allocated to Series A, 500,000 have been allocated to Series B, 400,000 have been allocated to Series C, 500,000 have been allocated to Series D, and 750,000 have been allocated to Series E. At December 31, 2013 and June 30, 2013 no Preferred Stock of any series are issued or outstanding. Refer to the Company’s Form 10-K for the fiscal year ended June 30, 2013 for additional discussion of the Company’s authorized and allocated preferred shares.

8_Contingent_Payments

8. Contingent Payments	6 Months Ended
	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
CONTINGENT PAYMENTS	'
	Contingent payments at December 31, 2013 and June 30, 2013 relate to AES asset purchase transactions completed in conjunction with the construction of water disposal facilities for the treatment and disposal of produced water generated by oil and natural gas producers in Western Colorado. Details of the contingent payments are as follows:
			December 31,		June 30,
			2013		2013
	Fair value - contingent land payment	$	650,800	$	641,400
	Fair value - contingent purchase price		520,600		513,200
			1,171,400		1,154,600
	Less current portion		(50,000)		(50,000)
	Fair value - contingent payments, long-term	$	1,121,400	$	1,104,600
	Contingent land payment of $650,800 at December 31, 2013 represents the net present value of $800,000 of estimated contingent land payments due under an agreement whereby Alanco Energy Services, Inc. (“AES”) acquired 160 acres of land known as Indian Mesa. The payment is based upon 10% of any quarterly income (defined as gross revenues less operating expenses up to a maximum of $200,000 per quarter and $800,000 annually) for activity at both the Deer Creek and the Indian Mesa locations. The payments were projected considering current operating plans as approved by the Alanco Board of Directors, with the payments discounted at a rate of 3% per annum. Accretion expense is being imputed at 3% per annum, increasing the fair value of the contingent land payment during the six months ended December 31, 2013 by $9,400.
	Contingent purchase price of $520,600 at December 31, 2013 represents the net present value of projected payments to be made to TC Operating, LLC (“TCO”) pursuant to an Asset Purchase Agreement under which TC Operating transferred a land lease for approximately 24 acres of land known as Deer Creek and all related tangible and intangible assets. Per the agreement, the contingent payments are determined as 28% of the Cumulative EBITDA in excess of all of AES’s capital investment for the ten (10) year period commencing on January 1, 2014. AES’s Capital investment shall mean the aggregate amount incurred by AES in acquiring the Assets, the Indian Mesa Facility, and or improving either the Deer Creek Facility or the Indian Mesa Facility. Payments of said Contingent Purchase Price shall be payable quarterly. The projected payments consider current operating plans as approved by the Alanco Board of Directors, with payments discounted at a rate of 3% per annum to determine net present value. Accretion expense is being imputed at 3% per annum, increasing the fair value of the contingent land payment during the six months ended December 31, 2013 by $7,400.

9_Asset_Retirement_Obligation

9. Asset Retirement Obligation	6 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
ASSET RETIRMENT OBLIGATIONS	'
	The Company has recognized estimated asset retirement obligations (closure cost) of $417,400 to remove leasehold improvements, remediate any pollution issues and return the Deer Creek water disposal property to its natural state at the conclusion of the Company’s lease. The closure process is a requirement of both the Deer Creek lease and the State of Colorado, a permitting authority for such facilities. The closure cost estimate, in current dollars, was completed by an approved independent consultant experienced in estimating closure costs for water disposal operations and the estimated amount was approved by the State of Colorado. A present value discount has not been taken as the estimated closure costs, excluding regulatory changes and inflation adjustments, are anticipated to remain fairly consistent over the operational life of the facility. The amount of $417,400 as of December 31, 2013 reflects a 1.8% inflation adjustment recorded during the fiscal year ended June 30, 2013.
	Asset retirement obligations are recorded in the period in which they are incurred and reasonably estimable. Retirement of assets may involve efforts such as removal of leasehold improvements, contractually required demolition, and other related activities, depending on the nature and location of the assets. In identifying asset retirement obligations, the Company considers identification of legally enforceable obligations, changes in existing law, estimate of potential settlement dates, and the calculation of an appropriate discount rate to be used in calculating the fair value of the obligation. The Company reviews the asset retirement obligation quarterly and performs a formal annual assessment of its estimates to determine if an adjustment to the value of the asset retirement obligation is required.
	The laws of the State of Colorado require companies to meet environmental and asset retirement obligations by selecting an approved payment method. The Company has elected to meet its obligation by making quarterly payments of approximately $4,700 into a trust that over the expected lease period will build liquid assets to meet the asset retirement obligation. During the six months ended December 31, 2013, the Company made the required quarterly payments. The balances in the trust account for the asset retirement obligation as of December 31, 2013 and June 30, 2013 were $39,300 and $30,000, respectively.

10_Commitments_and_Contingenci

10. Commitments and Contingencies	6 Months Ended
	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	Sale of StarTrak Systems, LLC
	In May of 2011, the Company sold the operations of StarTrak Systems, LLC (“StarTrak”), a subsidiary comprising the Company’s Wireless Asset Management segment, to ORBCOMM Inc. (“ORBCOMM”). (See Form 10-K for the year ended June 30, 2013 for a further discussion on the sale). The following discusses the remaining unresolved items related to the sale as of December 31, 2013:
	Working Capital Adjustment – The Asset Purchase Agreement (“APA”) provided compensation for changes in working capital between November 30, 2010 and May 31, 2011, the measurement date, determined in accordance with GAAP consistently applied. If working capital, defined as current assets minus current liabilities less long-term deferred revenue, increased over the period, ORBCOMM will pay the value of that increase in cash or additional ORBCOMM Common Stock. If the defined working capital decreased during the period, Alanco will return that amount from ORBCOMM Common Stock, valued at $3.001 per share.
	ORBCOMM delivered to Alanco on August 12, 2011, a written statement of the Current Assets, Current Liabilities and Net Working Capital Amount pursuant to the terms of the Agreement reflecting a working capital adjustment in favor of ORBCOMM of approximately $700,000. Under terms of the Agreement, Alanco submitted a “Notice of Disagreement” of the Net Working Capital Amount submitted by ORBCOMM. The Agreement stipulates third party arbitration to resolve disagreements over the working capital adjustment. In an attempt to avoid the expense of submitting the disagreement to arbitration prematurely, and in consideration of mutual desires to resolve the issue, the parties are working to resolve the issue. The Company has recorded a reserve in excess of $100,000 for this contingent liability as of December 31, 2013. However, based upon the limited documentation received from ORBCOMM to date, we cannot reasonably estimate the likelihood of additional liability. Although we believe our reserve to be adequate, the ultimate liability may be materially revised as we continue to work to resolve the matter.
	Product Warranty Escrow - The APA required a Product Warranty Escrow account in the amount of 166,611 shares of ORBCOMM common stock be established to provide for the availability of ORBCOMM shares to pay for half of certain product warranty costs incurred during the period March 1, 2011 to April 30, 2012, but only to the extent total warranty costs during the period exceed $600,000. Under the escrow agreement, shares returned to ORBCOMM in payment of those warranty costs would again be valued at $3.001 per share. Upon distribution of the shares to ORBCOMM from the escrow account, the remaining shares would be distributed to Alanco. To recognize at December 31, 2013 and June 30, 2013 the potential return of ORBCOMM shares under this agreement, Alanco has reduced the balance of the Marketable Securities – Restricted by the value of 83,306 shares. The 83,306 shares reduction is based on management’s best estimate of the warranty costs at December 31, 2013 and June 30, 2013. The ultimate number of shares of ORBCOMM Common Stock to be returned to ORBCOMM in the final settlement is currently undeterminable and may be in excess of the 83,306 shares currently estimated by the Company. The parties are currently in discussion with the objective of resolving the final distribution under this escrow agreement.
	Legal Proceedings
	The Company may from time to time be involved in litigation arising from the normal course of business.  As of December 31, 2013, there was no such litigation pending deemed material by the Company.

11_Related_Party_Transactions

11. Related Party Transactions	6 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	On October 10, 2011, the Company entered into employment agreements with the Company’s Chief Executive Officer and Chief Financial Officer. The agreements contained severance provisions, allowed for reductions in executive compensation (with corresponding reductions in the employees’ time commitment) and are effective through December 31, 2014. The Company had previously elected to defer the executive salary reduction provisions due to increased business activity. That decision was reversed effective October 16, 2013 with the implementation of a 40% salary reduction instituted for the Chief Executive Officer and Chief Financial Officer. Copies of the agreements were attached as exhibits to the Form 10-K filed for the fiscal year ended June 30, 2011.
	During the quarter ended September 30, 2013, the Company provided $25,000 in loan advances to ACC, increasing the amount due to $400,000, the maximum amount under the agreement. As of December 31, 2013, ACC owed $22,600 to the Company, of which $7,600 was interest and $15,000 was for accounting services. The entire amount was paid as of January 31, 2014. See Note D – Note Receivable for additional discussion of the ACC loan agreement.

12_Subsequent_Events

12. Subsequent Events	6 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	Subsequent to December 31, 2013, the Company sold approximately 22,875 shares of ORBCOMM, Inc. (presented at December 31, 2013 as Marketable Securities – Restricted) for approximately $170,200, or an average of $7.44 per share. See Note C – Marketable Securities – Restricted for additional discussion on the ORBCOMM stock held.
	At its Board of Directors meeting on January 31, 2014, the Company i) renewed its stock repurchase program through December 31, 2014 limiting the number of aggregate future shares that may be purchased under the program to 2 million; and ii) approved a resolution authorizing Company officers to renegotiate the ACC loan agreement under terms as more fully discussed in Note D – Note Receivable of this filing.
	Finally, on February 13, 2014 the Company’s Board of Directors adopted a Stockholder Rights Plan (by consent in writing) designed to provide current shareholders certain advantages in the event of a hostile takeover attempt. A copy of that plan is attached as an exhibit to this Form 10-Q filing.

13_Liquidity

13. Liquidity	6 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Liquidity	'
	During the six months ended December 31, 2013, the Company reported a net loss of ($19,200) and for fiscal year ended June 30, 2013, the Company reported a net loss of ($683,000). For the next year, the Company expects to meet its working capital and other cash requirements with its current operations, cash reserves and sales of marketable securities as required. However, if for any reason, the Company does require additional working capital to complete its business plan, there can be no assurance that the Company’s efforts to acquire the required additional working capital will be successful.  The Company’s continued existence is dependent upon its ability to achieve and maintain profitable operations, identify profitable acquisition/merger candidates and/or successfully invest its capital.

1_NATURE_OF_OPERATIONS_AND_SIG

1. NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Presentation	'
	The unaudited condensed consolidated financial statements presented herein have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and in accordance with the instructions to Form 10-Q. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted. In our opinion, the accompanying condensed consolidated financial statements include all adjustments necessary for a fair presentation of such condensed consolidated financial statements. Such necessary adjustments consist of normal recurring items and the elimination of all significant intercompany balances and transactions.
	These interim condensed consolidated financial statements should be read in conjunction with the Company’s June 30, 2013 Annual Report filed on Form 10-K. Interim results are not necessarily indicative of results for a full year.
	The preparation of financial statements in conformity with GAAP 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. Actual results could differ from these estimates.
Fair Value of Assets and Liabilities	'
	Fair Value of Assets and Liabilities – The estimated fair values for assets and liabilities are determined at discrete points in time based on relevant information. The Accounting Standards Codification (“ASC”) prioritizes inputs used in measuring fair value into a hierarchy of three levels: Level 1 – unadjusted quoted prices for identical assets or liabilities traded in active markets, Level 2 – observable inputs other than quoted prices included within Level 1 such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability; and Level 3 – unobservable inputs in which little or no market activity exists that are significant to the fair value of the assets or liabilities, therefore requiring an entity to develop its own assumptions that market participants would use in pricing. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of receivables, prepaid expenses, accounts payable, and accrued liabilities approximate fair value given their short-term nature, which represent Level 3 input levels.
	The following are the classes of assets and liabilities measured at fair value on a recurring basis at December 31, 2013, using quoted prices in active markets for identical assets (Level 1); significant other observable inputs (Level 2); and significant unobservable inputs (Level 3):
			Level 1:
			Quoted Prices		Level 2:
			in active		Significant		Level 3:		Total
			Markets		Other		Significant		at
			for Identical		Observable		Unobservable		December 31,
			Assets		Inputs		Inputs		2013
	Marketable Securities - Restricted	$	-	$	673,200	$	-	$	673,200
	Asset Retirement Obligation		-		-		417,400		417,400
	Contigent Land Payment		-		-		650,800		650,800
	Contingent Purchase Price		-		-		520,600		520,600
		$	-	$	673,200	$	1,588,800	$	2,262,000
Fair Value of Marketable Securities - Restricted	'
	Fair Value of Marketable Securities - Restricted – The estimated fair values of Marketable Securities - Restricted are determined at discrete points in time based on relevant market information. The Marketable Securities – Restricted is comprised entirely of ORBCOMM Inc. (“ORBCOMM”) common shares (NASDAQ: ORBC) registered under a currently effective ORBCOMM Form S-3 registration statement. Under the terms of the Agreement, the Company is limited to selling up to 279,600 shares per month and 83,300 shares included in Marketable Securities are held in escrow as discussed in Note J – Commitments and Contingencies. The sale restriction above is why the fair value measurement at December 31, 2013 of ORBCOMM’s Stock is based on quoted prices for similar assets in active markets that are directly observable and thus represent a Level 2 fair value measurement. However, management does not believe the restriction will interfere with any plans to market their stock holdings. As such, the trading price is used as fair value with no further adjustment. The remaining shares will be revalued at the end of each reporting period with per share market value fluctuations reported as Comprehensive Income (Loss) for the period.
Asset Retirement Obligation	'
	The Deer Creek asset retirement obligation is the estimated cost to close the Deer Creek facility under terms of the lease, meeting environmental and State of Colorado regulatory requirements. The estimate is determined at discrete points in time based upon significant unobservable inputs in which little or no market activity exists that is significant to the fair value of the liability, therefore requiring the Company to develop its own assumptions. Management’s estimate of the asset retirement obligation is based upon a cost estimate developed by a consultant knowledgeable of government closure requirements and costs incurred at similar water disposal facility operations. The process used was to identify each activity in the closure process, obtaining vendor estimated costs, in current dollars, to perform the closure activity and accumulating the various vendor estimates to determine the asset retirement obligation. A present value discount has not been taken as the estimated closure costs, excluding regulatory changes and inflation adjustments, are anticipated to remain fairly consistent over the operational life of the facility. The lack of an active market to validate the estimated asset retirement obligation results in the fair value of asset retirement obligation to be a Level 3 fair value measurement. ASC Topic 410-20: Asset Retirement Obligations requires the Company to review the asset retirement obligation on a recurring basis and record changes in the period incurred.
Contingent Payments	'
	The contingent land payment and contingent purchase price liabilities are also determined at discrete points in time based upon unobservable inputs in which little or no market activity exists that is significant to the fair value of the liability, therefore requiring the Company to develop its own assumptions. In calculating the estimate of fair value for both of the contingent payments, management completed an estimate of the present value of each identified contingent liability based upon projected income, cash flows and capital expenditures for the Deer Creek facility developed under plans currently approved by the Company’s board of directors. Different assumptions relative to the expansion or alternative uses of the Deer Creek and Indian Mesa facilities could result in significantly different valuations. The projected payments have been discounted at a rate of 3% per annum to determine net present value. The lack of an active market to validate the estimated contingent land and purchase price liabilities results in the fair value of the contingent land and purchase price liabilities to be a Level 3 fair value measurement. ASC Topic 820: Fair Value Measurement requires the Company to review the contingent land and purchase price liabilities on a recurring basis and record changes in the period incurred.
New Accounting Policies	'
	The Company did not adopt any new accounting policies in the six months ended December 31, 2013.
Recent Accounting Pronouncements	'
	In July 2013, the FASB issued guidance on the presentation of unrecognized tax benefits when a net operating loss carry forward, a similar tax loss, or a tax credit carry forward exits at the reporting date. The guidance is effective for fiscal and interim periods within those years, beginning after December 15, 2013 and early adoption is permitted. The Company has adopted the guidance, which had no material impact on its financial position and results of operations.
	In December 2013, the FASB issued updates to the definition of a public business entity. The guidance is designed to clarify the definition of a public entity within the U.S. generally accepted accounting principles on a going-forward basis. The guidance does not have a set effective date, but is applicable for new issuances that may be applicable to the Company.
	There have been no other recent accounting pronouncements or changes in accounting pronouncements during the six months ended December 31, 2013, that are of significance, or potential significance, to us.

1_NATURE_OF_OPERATIONS_AND_SIG1

1. NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Assets and liabilities measured at fair value on a recurring basis	'
			Level 1:
			Quoted Prices		Level 2:
			in active		Significant		Level 3:		Total
			Markets		Other		Significant		at
			for Identical		Observable		Unobservable		December 31,
			Assets		Inputs		Inputs		2013
	Marketable Securities - Restricted	$	-	$	673,200	$	-	$	673,200
	Asset Retirement Obligation		-		-		417,400		417,400
	Contigent Land Payment		-		-		650,800		650,800
	Contingent Purchase Price		-		-		520,600		520,600
		$	-	$	673,200	$	1,588,800	$	2,262,000

2_STOCKBASED_COMPENSATION_Tabl

2. STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Dec. 31, 2013
Equity [Abstract]	'
Stock option activity	'
						Weighted
					Weighted	Average
					Average	Remaining		Aggregate		Aggregate
					Exercise Price	Contractual		Fair		Instrinsic
			Shares		Per Share	Term (1)		Value (3)		Value (2)
	Outstanding July 1, 2013		1,084,100		$0.67	4.18	$	296,100	$	-
		Granted	-		-	-		-		-
		Exercised	-		-	-		-		-
		Forfeited or expired	(7,500)		$1.50	-		-4,000		-
	Outstanding December 31, 2013		1,076,600		$0.66	3.7	$	292,100	$	-
	Exercisable December 31, 2013		1,076,600		$0.66	3.7	$	292,100	$	-
	-1	Remaining contractual term presented in years.
	-2	The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying
		awards and the closing price of the Company's common stock as of December 31, 2013, for those awards that
		have an exercise price currently below the closing price as of December 31, 2013 of $.45.
	-3	Aggregate Fair Value is calculated using the Black Scholes option pricing model to estimate fair value of stock-based
		compensation.
Warrant activity	'
					Weighted
			Number of		Average
			Shares		Exercise Price
	Warrants Outstanding, June 30, 2013		95,100	$	2.64
		Granted	-		-
		Exercised	-		-
		Canceled/Expired	(95,100)		2.64
	Warrants Outstanding, December 31, 2013		-	$	-

Recovered_Sheet1

3. MARKETABLE SECURITIES - RESTRICTED (Tables)	6 Months Ended
	Dec. 31, 2013
Investments, Debt and Equity Securities [Abstract]	'
Marketable Securities	'
	Marketable Securities
				Cost Basis						Accumulated
		Net		at $2.91		Market Value				Unrealized
		Shares		Per Share		Per Share		Total Value		Gain		(Loss)
	30-Jun-13	348,011	$	1,012,700	$	4.49	$	1,562,600	$	549,900	$	-
	Shares sold	(101,118)		(294,300)
	30-Sep-13	246,893	$	718,400	$	5.24	$	1,293,700	$	575,300	$	-
	Shares sold	-140,713		-409,500
	31-Dec-13	106,180	$	308,900	$	6.34	$	673,200	$	364,300	$	-

5_Land_Property_and_Equipment_

5. Land, Property and Equipment (Tables)	6 Months Ended
	Dec. 31, 2013
Land Property And Equipment Tables	'
Land, Property and Equipment	'
			30-Jun-13		Additions		31-Dec-13
	Office furniture and equipment	$	51,300	$	-	$	51,300
	Water disposal facility		2,707,700		6,900		2,714,600
	Production equipment		207,800		1,500		209,300
			2,966,800		8,400		2,975,200
	Less accumulation depreciation		(190,200)		(85,900)		(276,100)
	Land and improvements		1,429,900		35,300		1,465,200
	Construction in progress		133,400		11,800		145,200
	Net book value	$	4,339,900	$	(30,400)	$	4,309,500

8_CONTINGENT_PAYMENTS_Tables

8. CONTINGENT PAYMENTS (Tables)	6 Months Ended
	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Contingent payments	'
			December 31,		June 30,
			2013		2013
	Fair value - contingent land payment	$	650,800	$	641,400
	Fair value - contingent purchase price		520,600		513,200
			1,171,400		1,154,600
	Less current portion		(50,000)		(50,000)
	Fair value - contingent payments, long-term	$	1,121,400	$	1,104,600

1_NATURE_OF_OPERATIONS_AND_SIG2

1. NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	Dec. 31, 2013
Marketable securities - restricted	$673,200
Asset retirement obligation	417,400
Contingent land payment	650,800
Contingent purchase price	520,600
Total	2,262,000
Level 1	'
Marketable securities - restricted	0
Asset retirement obligation	0
Contingent land payment	0
Contingent purchase price	0
Total	0
Level 2	'
Marketable securities - restricted	673,200
Asset retirement obligation	0
Contingent land payment	0
Contingent purchase price	0
Total	673,200
Level 3	'
Marketable securities - restricted	0
Asset retirement obligation	417,400
Contingent land payment	650,800
Contingent purchase price	520,600
Total	$1,588,800

2_StockBased_Compensation_and_1

2. Stock-Based Compensation and Warrants (Details) (USD $)	6 Months Ended
	Dec. 31, 2013
Stock-Based Compensation And Warrants Details	'
Shares Outstanding July 1, 2013	1,084,100
Shares Granted	0
Shares Exercised	0
Shares Forfeited or expired	-7,500
Shares Outstanding December 31, 2013	1,076,600
Shares Exercisable December 31, 2013	1,076,600
Weighted average exercise price per share outstanding July 1, 2013	$0.67
Weighted average exercise price per share Granted	$0
Weighted average exercise price per share Exercised	$0
Weighted average exercise price per share Forfeited or expired	$1.50
Weighted average exercise price per share Outstanding December 31, 2013	$0.66
Weighted average exercise price per share Exercisable December 31, 2013	$0.66
Weighted average remaining contractual term Outstanding July 1, 2013	'4 years 2 months 5 days
Weighted average remaining contractual term Outstanding December 31, 2013	'3 years 8 months 12 days
Weighted average remaining contractual term Exercisable December 31, 2013	'3 years 8 months 12 days
Aggregate fair value outstanding July 1, 2013	$296,100
Aggregate fair value Granted	0
Aggregate fair value Exercised	0
Aggregate fair value Forfeited or expired	-4,000
Aggregate fair value Outstanding December 31, 2013	292,100
Aggregate fair value Exercisable December 31, 2013	292,100
Aggregate Intrinsic Value Outstanding July 1, 2013	0
Aggregate Intrinsic Value Outstanding December 31, 2013	0
Aggregate Intrinsic Value Exercisable December 31, 2013	$0

2_StockBased_Compensation_and_2

2. Stock-Based Compensation and Warrants (Details 1) (USD $)	6 Months Ended
	Dec. 31, 2013
Stock-Based Compensation And Warrants Details	'
Warrant Shares Outstanding June 30, 2013	95,100
Warrant Shares Granted	0
Warrant Shares Exercised	0
Warrant Shares canceled/expired	-95,100
Warrant Shares Outstanding December 31, 2013	0
Weighted average exercise price per share Warrants outstanding June 30, 2013	$2.64
Weighted average exercise price per share Warrants Granted	$0
Weighted average exercise price per share Warrants Exercised	$0
Weighted average exercise price per share Warrants Forfeited or expired	($2.64)
Weighted average exercise price per share Warrants Outstanding December 31, 2013	$0

3_MARKETABLE_SECURITIES_RESTRI1

3. MARKETABLE SECURITIES - RESTRICTED (Details)	3 Months Ended
	Dec. 31, 2013	Sep. 30, 2013
Net Shares	'	'
Beginning balance	'246,893	'348,011
Shares sold	'(140,713)	'(101,118)
Ending balance	'106,180	'246,893
Cost Basis Per Share	'	'
Beginning balance	'$2.91 per share	'$2.91 per share
Shares sold	'$2.91 per share	'$2.91 per share
Ending balance	'$2.91 per share	'$2.91 per share
Cost Basis Total Cost	'	'
Beginning balance	'718,400	'1,012,700
Shares sold	'(409,500)	'(294,300)
Ending balance	'308,900	'718,400
Market Value Per Share	'	'
Beginning balance	'5.24	'4.49
Ending balance	'6.34	'5.24
Market Value Total Value	'	'
Beginning balance	'1,293,700	'1,562,600
Ending balance	'673,200	'1,293,700
Accumulated Unrealized Gain	'	'
Beginning balance	'575,300	'549,900
Ending balance	'364,300	'575,300
Accumulated Unrealized Loss	'	'
Beginning balance	'0	'0
Ending balance	'0	'0

5_Land_Property_and_Equipment_1

5. Land, Property and Equipment (Details) (USD $)	6 Months Ended
	Dec. 31, 2013	Jun. 30, 2013
Land, property and equipment	$4,585,600	$4,530,100
Less accumulation depreciation	-276,100	-190,200
Net book value	4,309,500	4,339,900
Depreciation and amortization	-85,900	'
Additions	55,500	'
Land and improvements	'	'
Land, property and equipment	1,465,200	1,429,900
Additions	35,300	'
Office furniture and equipment	'	'
Land, property and equipment	51,300	51,300
Additions	0	'
Water disposal facility	'	'
Land, property and equipment	2,714,600	2,707,700
Additions	6,900	'
Production equipment	'	'
Land, property and equipment	209,300	207,800
Additions	1,500	'
Construction in progress	'	'
Land, property and equipment	145,200	133,400
Additions	$11,800	'

9_FAIR_VALUE_CONTINGENT_PAYMEN

9. FAIR VALUE - CONTINGENT PAYMENTS (Details) (USD $)	Dec. 31, 2013	Jun. 30, 2013
Fair Value - Contingent Payments Details	'	'
Fair value - contingent land payment	$650,800	$641,400
Fair value - contingent purchase price	520,600	513,200
Fair Value - contingent payment	1,171,400	1,154,600
Less current portion	-50,000	-50,000
Fair value - contingent payments, long-term	$1,121,400	$1,104,600

1_Basis_of_Presentation_and_Re1

1. Basis of Presentation and Recent Accounting Policies and Pronouncements (Details Narrative) (USD $)	6 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Company paid under management agreement	$109,000

Recovered_Sheet2

3. Marketable Securities - Restricted (Details Narrative) (USD $)	Dec. 31, 2013	Jun. 30, 2013
Investments, Debt and Equity Securities [Abstract]	'	'
Marketable Securities - Restricted, Amount	$673,200	$1,562,600
Marketable Securities - Restricted, Per Share	$6.34	$4.49
Marketable Securities - Restricted, Shares	106,180	348,011

4_Note_Receivable_Details_Narr

4. Note Receivable (Details Narrative) (USD $)	Dec. 31, 2013	Jun. 30, 2013
Receivables [Abstract]	'	'
Notes receivable, current	$400,000	$375,000

6_Earnings_Per_Share_Details_N

6. Earnings Per Share (Details Narrative)	Dec. 31, 2013	Dec. 31, 2012
Earnings Per Share [Abstract]	'	'
Dilutive securities	1,076,600	815,700

7_Equity_Details_Narrative

7. Equity (Details Narrative) (USD $)	6 Months Ended
	Dec. 31, 2013
Equity Details Narrative	'
Unrealized gain on marketable securities	($185,600)

8_Contingent_Payments_Details_

8. Contingent Payments (Details Narrative) (USD $)	6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Contingent Payments Details Narrative	'	'
Accretion expense	$16,800	$12,700

9_Asset_Retirement_Obligation_

9. Asset Retirement Obligation (Details Narrative) (USD $)	6 Months Ended
	Dec. 31, 2013	Jun. 30, 2013
Accounting Policies [Abstract]	'	'
Asset Retirement Obligation	$417,400	$417,400
Percentage of inflation adjustment	1.80%	'
Payment made for asset retirement obligation	$39,300	$30,000

10_Commitments_and_Contingenci1

10. Commitments and Contingencies (Details Narrative) (USD $)	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Excess contingent liability	$100,000
Shares reduction	83,306

11_Related_Party_Transactions_

11. Related Party Transactions (Details Narrative) (USD $)	6 Months Ended
	Dec. 31, 2013
Related Party Transactions Details Narrative	'
ACC Loan agreement, period increase	$25,000
ACC Loan agreement	$400,000

13_Liquidity_Details_Narrative

13. Liquidity (Details Narrative) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Jun. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'	'	'	'	'
Net loss	$132,100	($185,600)	($19,200)	($89,700)	($683,000)