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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended
--- | ---
Mar. 31, 2019 | Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES: |  |
Net loss | $ (6,206,814) | $ (2,383,262)
Adjustments to reconcile net loss to net cash used in operating activities: |  |
Stock-based compensation | 2,255,937 | 1,730,112
Loss from equity investment in Peak Gold, LLC | 3,210,000 |
Changes in operating assets and liabilities: |  |
Decrease in prepaid expenses and other | (41,907) | (12,993)
Decrease in accounts payable and accrued liabilities | (40,541) | (80,313)
Net cash used in operating activities | (823,325) | (746,456)
CASH FLOWS FROM INVESTING ACTIVITIES: |  |
Cash invested in Peak Gold, LLC | (3,210,000) |
Net cash used by investing activities | (3,210,000) |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |
Cash from warrant exercises and capital raise, net |  | 12,200,116
Net cash provided by financing activities |  | 12,200,116
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | (4,033,325) | 11,453,660
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 13,810,805 | 5,191,749
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ 9,777,480 | $ 16,645,409

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