PREFERRED STOCK (Tables)

12 Months Ended

Jun. 30, 2022

Preferred Stock [Abstract]

Schedule of preferred stock

The Series A Convertible Preferred Stock liquidation preference as of June 30, 2022 and 2021 is as follows:

($ in thousands)	June 30, 2022		June 30, 2021
For shares outstanding at $10.00 per share	$	4,451	$	4,451
Cumulative unpaid dividends	17,662		16,996
	$	22,113	$	21,447