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EARNINGS (LOSS) PER SHARE (Tables) | 9 Months Ended
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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 | )

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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