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LOSS PER SHARE CALCULATION (Tables) | 12 Months Ended
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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 | )

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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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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