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LOSS PER SHARE CALCULATION (Tables)
 12 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Schedule of basic and diluted loss per share The calculation of basic and diluted loss per share is presented below:
 
Year ended June 30,
($ in thousands, except per share data)
2020
 
2019
 
2018
 
 
 
 
 
 
Numerator for basic and diluted loss per share
 
 
 
 
 
Net loss
$
(40,595
)
 
$
(29,882
)
 
$
(11,284
)
Preferred dividends
(668
)
 
(668
)
 
(668
)
Net loss available to common shareholders
$
(41,263
)
 
$
(30,550
)
 
$
(11,952
)
 
 
 
 
 
 
Denominator for basic loss per share - Weighted average shares outstanding
62,980,193

 
60,061,243

 
51,840,518

Effect of dilutive potential common shares
—

 
—

 
—

Denominator for diluted loss per share - Adjusted weighted average shares outstanding
62,980,193

 
60,061,243

 
51,840,518

 
 
 
 
 
 
Basic loss per share
$
(0.66
)
 
$
(0.51
)
 
$
(0.23
)
Diluted loss per share
$
(0.66
)
 
$
(0.51
)
 
$
(0.23
)