Consolidated Balance Sheets - USD ($)	Jun. 30, 2018	Jun. 30, 2017
CURRENT ASSETS:
Cash	$ 13,810,805	$ 5,191,749
Prepaid expenses and other	155,671	175,791
Total current assets	13,966,476	5,367,540
OTHER ASSETS:
Investment in Peak Gold, LLC (NOTE 8)
TOTAL ASSETS	13,966,476	5,367,540
CURRENT LIABILITIES:
Accounts payable	11,192	50,858
Accrued liabilities	245,212	86,561
Total current liabilities	256,404	137,419
COMMITMENTS AND CONTINGENCIES (NOTE 10)
SHAREHOLDERS’ EQUITY:
Preferred Stock, 15,000,000 shares authorized
Common Stock, $0.01 par value, 30,000,000 shares authorized; 6,153,266 shares issued and outstanding at June 30, 2018; 4,930,231 shares issued and 4,921,163 outstanding at June 30, 2017;	61,533	49,303
Additional paid-in capital	54,949,370	40,500,239
Treasury shares at cost (0 shares at June 30, 2018; and 9,068 shares at June 30, 2017)		(207,400)
Accumulated deficit	(41,300,831)	(35,112,021)
SHAREHOLDERS’ EQUITY	13,710,072	5,230,121
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 13,966,476	$ 5,367,540

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).