Three Months Ended December 31,

Six Months Ended December 31,

2017

2016

2017

2016

Net income (loss)

$

3,030,193

$

(10,029,419

)

$

13,633,823

$

(23,082,189

)

Denominator:

Weighted average common shares outstanding - Basic

197,238,056

177,798,511

197,175,316

171,823,390

Effect of dilutive shares:

Common stock equivalents arising from stock options,

warrants and conversion of preferred stock

3,525,013

-

1,792,803

-

Restricted stock units

1,948,547

-

1,462,705

-

Weighted average common shares outstanding - Diluted

202,711,616

177,798,511

200,430,824

171,823,390

Net income (loss) per common share:

Basic

$

0.02

$

(0.06

)

$

0.07

$

(0.13

)

Diluted

$

0.01

$

(0.06

)

$

0.07

$

(0.13

)