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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2023
Jun. 30, 2022
CURRENT ASSETS:    
Cash $ 2,919,091 $ 23,095,101
Restricted cash 231,000 231,000
Prepaid expenses and other 977,382 453,353
Total current assets 4,127,473 23,779,454
LONG-TERM ASSETS:    
Investment in Peak Gold (Note 5) 0 0
Property & equipment, net 13,412,607 13,514,531
Total long-term assets 13,412,607 13,514,531
TOTAL ASSETS 17,540,080 37,293,985
CURRENT LIABILITIES:    
Accounts payable 74,956 633,856
Accrued liabilities 506,858 870,981
Total current liabilities 581,814 1,504,837
NON-CURRENT LIABILITIES:    
Advance royalty reimbursement 1,200,000 1,200,000
Asset retirement obligations 236,921 228,082
Contingent consideration liability 1,847,063 1,847,063
Debt, net 19,397,832 19,239,960
Total non-current liabilities 22,681,816 22,515,105
TOTAL LIABILITIES 23,263,630 24,019,942
COMMITMENTS AND CONTINGENCIES (NOTE 14)
STOCKHOLDERS’ EQUITY/(DEFICIT):    
Common Stock, $0.01 par value, 45,000,000 shares authorized; 7,306,718 shares issued and outstanding at March 31, 2023; 6,860,420 shares issued and 6,769,923 shares outstanding at June 30, 2022) 73,067 68,604
Additional paid-in capital 82,063,409 74,057,859
Treasury stock at cost (0 at March 31, 2023; and 90,497 shares at June 30, 2022) 0 (2,318,182)
Accumulated deficit (87,860,026) (58,534,238)
TOTAL STOCKHOLDERS’ EQUITY/(DEFICIT) (5,723,550) 13,274,043
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY/(DEFICIT) $ 17,540,080 $ 37,293,985