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v3.19.1

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Mar. 31, 2019 | Jun. 30, 2018
--- | --- | ---
CURRENT ASSETS: |  |
Cash | $ 9,777,480 | $ 13,810,805
Prepaid expenses and other | 197,578 | 155,671
Total current assets | 9,975,058 | 13,966,476
OTHER ASSETS: |  |
Investment in Peak Gold, LLC (Note 4) |  |
Total other assets |  |
TOTAL ASSETS | 9,975,058 | 13,966,476
CURRENT LIABILITIES: |  |
Accounts payable | 151,676 | 11,192
Accrued liabilities | 64,187 | 245,212
Total current liabilities | 215,863 | 256,404
COMMITMENTS AND CONTINGENCIES (NOTE 11) |  |
SHAREHOLDERS’ EQUITY: |  |
Common Stock, $0.01 par value, 30,000,000 shares authorized; 6,357,113 shares issued and outstanding at March 31, 2019; 6,153,266 shares issued and outstanding at June 30, 2018 | 63,571 | 61,533
Additional paid-in capital | 57,203,269 | 54,949,370
Accumulated deficit | (47,507,645) | (41,300,831)
SHAREHOLDERS’ EQUITY | 9,759,195 | 13,710,072
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ 9,975,058 | $ 13,966,476

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