EARNINGS (LOSS) PER SHARE (Tables)

9 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Schedule of basic earnings per share and diluted earnings per share

The calculation of basic earnings (loss) per share (“EPS”) and diluted EPS are presented below:

	Three months ended March 31,
($ in thousands, except per share data)	2019			2018
Numerator for basic and diluted loss per share
Net loss	$	(4,510	)	$	(3,223	)
Preferred dividends	(334		)	(334		)
Net loss available to common shareholders	$	(4,844	)	$	(3,557	)
Denominator for basic loss per share - Weighted average shares outstanding	60,065,053			53,637,085
Effect of dilutive potential common shares	—			—
Denominator for diluted loss per share - Adjusted weighted average shares outstanding	60,065,053			53,637,085
Basic loss per share	$	(0.08	)	$	(0.07	)
Diluted loss per share	$	(0.08	)	$	(0.07	)

	Nine months ended March 31,
($ in thousands, except per share data)	2019			2018
Numerator for basic and diluted loss per share
Net loss	$	(21,487	)	$	(9,588	)
Preferred dividends	(668		)	(668		)
Net loss available to common shareholders	$	(22,155	)	$	(10,256	)
Denominator for basic loss per share - Weighted average shares outstanding	60,059,594			51,101,813
Effect of dilutive potential common shares	—			—
Denominator for diluted loss per share - Adjusted weighted average shares outstanding	60,059,594			51,101,813
Basic loss per share	$	(0.37	)	$	(0.20	)
Diluted loss per share	$	(0.37	)	$	(0.20	)