Quarterly report pursuant to Section 13 or 15(d)

Commitments (Tables)

v3.8.0.1
Commitments (Tables)
9 Months Ended
Mar. 31, 2018
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