Annual report pursuant to Section 13 and 15(d)

Pro Forma Financial Information - Pro Forma Statement of Operations (Details)

v3.5.0.2
Pro Forma Financial Information - Pro Forma Statement of Operations (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING EXPENSES:    
Depreciation $ 54 $ 148
Exploration 71 239
General and administrative 5,214 7,946
Loss on sale of assets 0 316
Total operating expenses 5,339 8,649
Loss from operations (5,339) (8,649)
OTHER (EXPENSE) INCOME:    
Net interest expense (4) 0
Loss on investment in securities (587) (15,087)
Gain on sale of bonus rights 2,514 0
Fair value revision of contingent consideration payable 0 1,888
Other income 88 252
Total other income (expense) 2,011 (12,947)
Loss from continuing operations, before tax (3,328) (21,596)
Income tax expense 0 0
Loss from continuing operations, net of tax (3,328) (21,596)
Preferred stock dividends (1,858) (1,740)
Adjustment of preferred stock to redemption value 4,207 0
Net loss attributable to common stockholders from continuing operations $ (979) $ (23,336)
Net loss from continuing operations, including preferred stock dividends and adjustment to redemption value of preferred stock (usd per share) $ (0.17) $ (4.09)
Weighted average number of basic and diluted shares outstanding (shares) 5,746,307 5,710,288
Exchange Transaction Pro Forma Adjustments    
OPERATING EXPENSES:    
Depreciation $ 0 $ 0
Exploration 0 0
General and administrative (174) (174)
Loss on sale of assets   0
Total operating expenses (174) (174)
Loss from operations 174 174
OTHER (EXPENSE) INCOME:    
Net interest expense 0  
Loss on investment in securities 0 0
Gain on sale of bonus rights 0  
Fair value revision of contingent consideration payable   0
Other income 0 0
Total other income (expense) 0 0
Loss from continuing operations, before tax 174 174
Income tax expense 0 0
Loss from continuing operations, net of tax 174 174
Preferred stock dividends 1,858 1,740
Adjustment of preferred stock to redemption value (4,207)  
Net loss attributable to common stockholders from continuing operations (2,175) 1,914
Sale of Weald Basin Pro Forma Adjustments    
OPERATING EXPENSES:    
Depreciation 0 0
Exploration 0 0
General and administrative 0 0
Loss on sale of assets   0
Total operating expenses 0 0
Loss from operations 0 0
OTHER (EXPENSE) INCOME:    
Net interest expense 0  
Loss on investment in securities 0 0
Gain on sale of bonus rights 0  
Fair value revision of contingent consideration payable   0
Other income 0 0
Total other income (expense) 0 0
Loss from continuing operations, before tax 0 0
Income tax expense 0 0
Loss from continuing operations, net of tax 0 0
Preferred stock dividends 0 0
Adjustment of preferred stock to redemption value 0  
Net loss attributable to common stockholders from continuing operations 0 0
Pro Forma as Adjusted    
OPERATING EXPENSES:    
Depreciation 54 148
Exploration 71 239
General and administrative 5,040 7,772
Loss on sale of assets   316
Total operating expenses 5,165 8,475
Loss from operations (5,165) (8,475)
OTHER (EXPENSE) INCOME:    
Net interest expense (4)  
Loss on investment in securities (587) (15,087)
Gain on sale of bonus rights 2,514  
Fair value revision of contingent consideration payable   1,888
Other income 88 252
Total other income (expense) 2,011 (12,947)
Loss from continuing operations, before tax (3,154) (21,422)
Income tax expense 0 0
Loss from continuing operations, net of tax (3,154) (21,422)
Preferred stock dividends 0 0
Adjustment of preferred stock to redemption value 0  
Net loss attributable to common stockholders from continuing operations $ (3,154) $ (21,422)
Net loss from continuing operations, including preferred stock dividends and adjustment to redemption value of preferred stock (usd per share) $ (0.55) $ (3.75)
Weighted average number of basic and diluted shares outstanding (shares) 5,746,307 5,710,288