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Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Jun. 30, 2020
CURRENT ASSETS:    
Cash $ 35,220,588 $ 3,011,918
Prepaid expenses and other 515,635 72,244
Income tax receivable 198,126
Total current assets 35,934,349 3,084,162
LONG-TERM ASSETS:    
Investment in Peak Gold, LLC (NOTE 8)
Property, plant, & equipment 36,531
Total long-term assets 36,531
TOTAL ASSETS 35,970,880 3,084,162
CURRENT LIABILITIES:    
Accounts payable 26,268 83,158
Accrued liabilities 195,837 1,006,237
Total current liabilities 222,105 1,089,395
NON-CURRENT LIABILITIES:    
Advance royalty reimbursement 1,200,000
Total non-current liabilities 1,200,000
TOTAL LIABILITIES 1,422,105 1,089,395
COMMITMENTS AND CONTINGENCIES (NOTE 10)
SHAREHOLDERS’ EQUITY:    
Preferred Stock, 15,000,000 shares authorized
Common Stock, $0.01 par value, 45,000,000 shares authorized; 6,675,746 shares issued and outstanding as of June 30, 2021; 6,590,113 shares issued and 6,557,239 outstanding at June 30, 2020 66,757 65,901
Additional paid-in capital 69,509,606 61,302,249
Treasury stock at cost (0 at June 30, 2021; and 32,874 shares at June 30, 2020) (476,672)
Accumulated deficit (35,027,588) (58,896,711)
SHAREHOLDERS’ EQUITY 34,548,775 1,994,767
TOTAL LIABILITIES AND MEMBERS’ EQUITY $ 35,970,880 $ 3,084,162