Post-effective amendment to a registration statement that is not immediately effective upon filing

Commitments and contingencies (Tables)

v3.8.0.1
Commitments and contingencies (Tables)
 12 Months Ended
Jun. 30, 2017
Schedule of future maximum penalty under the equivalent

The penalty imposed shall be equivalent to the amount that the sales price of the property exceeds $1,750,000 up to the maximum penalty (“Maximum Penalty”) defined below:

 

      Maximum Penalty  
Year 1     $ 5,960,000  
Year 2     $ 3,973,333  
Year 3     $ 1,986,667  
The Research Foundation for the State University of New York and Fuller Road Management Corporation [Member]  
Schedule of future maximum penalty under the equivalent

The penalty imposed shall be equivalent to the amount that the sales price of the property exceeds $1,750,000 up to the maximum penalty (“Maximum Penalty”) defined below:

 

    Maximum Penalty
  Year 1     $ 5,960,000  
  Year 2     $ 3,973,333  
  Year 3     $ 1,986,667