Quarterly report pursuant to Section 13 or 15(d)

Commitments (Tables)

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Commitments (Tables)
6 Months Ended
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
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