NioCorp Developments (NB) 10-Q 7 Feb 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Dec. 31, 2019	Feb. 07, 2020
Document And Entity Information
Entity Registrant Name	NIOCORP DEVELOPMENTS LTD
Entity Central Index Key	0001512228
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Type	10-Q
Document Period End Date	Dec. 31, 2019
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Common Stock, Shares Outstanding		234,839,598
Entity File Number	000-55710
Entity Interactive Data Current	Yes
Entity Incorporation State Country Code	A1

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Current
Cash	$ 56	$ 357
Prepaid expenses and other	8	71
Total current assets	64	428
Non-current
Deposits	35	35
Available for sale securities at fair value	2	5
Mineral interests	10,617	10,617
Total assets	10,718	11,085
Current
Accounts payable and accrued liabilities	3,412	2,941
Related party loans	2,560	1,480
Convertible debt, current portion	886	800
Derivative liability, convertible debt	82
Total current liabilities	6,940	5,221
Convertible debt, net of current portion		1,012
Total liabilities	6,940	6,233
SHAREHOLDERS' EQUITY
Common stock, unlimited shares authorized; shares outstanding: 234,839,598 and 232,496,215, respectively	83,872	82,939
Additional paid-in capital	13,241	13,124
Accumulated deficit	(92,766)	(90,685)
Accumulated other comprehensive loss	(569)	(526)
Total equity	3,778	4,852
Total liabilities and equity	$ 10,718	$ 11,085

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - shares	6 Months Ended	12 Months Ended
	Dec. 31, 2019	Jun. 30, 2019
Statement of Financial Position [Abstract]
Common stock, authorized	Unlimited	Unlimited
Common stock, outstanding	234,839,598	232,496,215

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited) $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 31, 2019USD ($)shares	Dec. 31, 2019$ / shares	Dec. 31, 2018USD ($)shares	Dec. 31, 2018$ / shares	Dec. 31, 2019USD ($)shares	Dec. 31, 2019$ / shares	Dec. 31, 2018USD ($)shares	Dec. 31, 2018$ / shares
Operating expenses
Employee related costs	$ 345		$ 403		$ 699		$ 715
Professional fees	67		94		185		145
Exploration expenditures	454		1,228		677		2,005
Other operating expenses	135		233		332		351
Total operating expenses	1,001		1,958		1,893		3,216
Change in financial instrument fair value	81		140		88		633
Foreign exchange (gain) loss	(79)		316		(36)		198
Interest expense	73		56		133		155
Loss on available for sale securities			3		3		2
Loss before income taxes	1,076		2,473		2,081		4,204
Income tax benefit
Net loss	1,076		2,473		2,081		4,204
Other comprehensive loss:
Net loss	1,076		2,473		2,081		4,204
Other comprehensive loss (gain):
Reporting currency translation	231		(275)		43		(172)
Total comprehensive loss	$ 1,307		$ 2,198		$ 2,124		$ 4,032
Loss per common share, basic and diluted | $ / shares		$ 0		$ 0.01		$ 0.01		$ 0.02
Weighted average common shares outstanding | shares	234,738,616		222,247,889		234,247,239		218,817,905

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Total loss for the period	$ (2,081)	$ (4,204)
Non-cash elements included in net loss:
Change in financial instrument fair value	88	633
Unrealized loss on available-for-sale investments	3	2
Accretion of convertible debt		44
Foreign exchange (gain) loss	(30)	218
Share-based compensation	117	226
Subtotal	(1,903)	(3,081)
Change in working capital items:
Prepaid expenses	63	(111)
Accounts payable and accrued liabilities	460	697
Net cash used in operating activities	(1,380)	(2,495)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of capital stock		2,476
Share issue costs		(76)
Issuance of convertible debt		1,000
Related party debt drawdown	1,080
Other current assets		(106)
Net cash provided by financing activities	1,080	3,294
Exchange rate effect on cash and cash equivalents	(1)	(59)
Change in cash and cash equivalents during period	(301)	740
Cash and cash equivalents, beginning of period	357	73
Cash and cash equivalent, end of period	56	813
Supplemental cash flow information:
Amounts paid for interest	32	32
Amounts paid for income taxes
Lind conversions	$ 933	$ 2,222

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Deficit [Member]	Accumulated Other Comprehensive Loss [Member]	Total
Balance, beginning at Jun. 30, 2018	$ 74,683	$ 12,379	$ (83,349)	$ (520)	$ 3,193
Balance, beginning (in shares) at Jun. 30, 2018	213,405,372
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of options	$ 15	(15)
Exercise of options (in shares)	16,203
Exercise of warrants	$ 64				64
Exercise of warrants (in shares)	115,000
Fair value of Lind Warrants granted		156			156
Private placements - September 2018	$ 2,412				2,412
Private placements- September 2018 (in shares)	4,975,158
Debt conversions	$ 2,222				(76)
Debt conversions (in shares)	5,424,975
Share issuance costs	$ (76)				(44)
Share-based payments		226			226
Reporting currency presentation				172	172
Loss for the period			(4,204)		(4,204)
Balance, ending at Dec. 31, 2018	$ 79,320	12,746	(87,553)	(348)	4,165
Balance, ending (in shares) at Dec. 31, 2018	223,936,708
Balance, beginning at Sep. 30, 2018	$ 78,143	12,561	(85,080)	(623)	5,001
Balance, beginning (in shares) at Sep. 30, 2018	220,944,160
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of warrants	$ 64				64
Exercise of warrants (in shares)	115,000
Debt conversions	$ 1,145				1,145
Debt conversions (in shares)	2,877,548
Share issuance costs		185			185
Reporting currency presentation				275	275
Loss for the period			(2,473)		(2,473)
Balance, ending at Dec. 31, 2018	$ 79,320	12,746	(87,553)	(348)	4,165
Balance, ending (in shares) at Dec. 31, 2018	223,936,708
Balance, beginning at Jun. 30, 2019	$ 82,939	13,124	(90,685)	(526)	$ 4,852
Balance, beginning (in shares) at Jun. 30, 2019	232,496,215				232,496,215
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Debt conversions	$ 933				$ 933
Debt conversions (in shares)	2,343,383
Share-based payments		117			117
Reporting currency presentation				(43)	(43)
Loss for the period			(2,081)		(2,081)
Balance, ending at Dec. 31, 2019	$ 83,872	13,241	(92,766)	(569)	$ 3,778
Balance, ending (in shares) at Dec. 31, 2019	234,839,598				234,839,598
Balance, beginning at Sep. 30, 2019	$ 83,641	13,050	(91,690)	(338)	$ 4,663
Balance, beginning (in shares) at Sep. 30, 2019	234,293,107
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Debt conversions	$ 231				231
Debt conversions (in shares)	546,491
Share-based payments		191			191
Reporting currency presentation				(231)	(231)
Loss for the period			(1,076)		(1,076)
Balance, ending at Dec. 31, 2019	$ 83,872	$ 13,241	$ (92,766)	$ (569)	$ 3,778
Balance, ending (in shares) at Dec. 31, 2019	234,839,598				234,839,598

DESCRIPTION OF BUSINESS

DESCRIPTION OF BUSINESS	6 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS	1. DESCRIPTION OF BUSINESS NioCorp Developments Ltd. (“NioCorp” or the “Company”) was incorporated on February 27, 1987 under the laws of the Province of British Columbia and currently operates in one reportable operating segment consisting of exploration and development of mineral deposits in North America, specifically, the Elk Creek Niobium/Scandium/Titanium property (the “Elk Creek Project”) located in southeastern Nebraska. These financial statements have been prepared on a going concern basis that contemplates the realization of assets and discharge of liabilities at their carrying values in the normal course of business for the foreseeable future. These financial statements do not reflect any adjustments that may be necessary if the Company is unable to continue as a going concern. The Company currently earns no operating revenues and will require additional capital in order to advance the Elk Creek Project. The Company’s ability to continue as a going concern is uncertain and is dependent upon the generation of profits from mineral properties, obtaining additional financing, and maintaining continued support from its shareholders and creditors.

BASIS OF PREPARATION

BASIS OF PREPARATION	6 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PREPARATION	2. BASIS OF PREPARATION a) Basis of Preparation and Consolidation The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles of the United States of America (“US GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”). The interim condensed consolidated financial statements include the consolidated accounts of the Company and its wholly-owned subsidiaries with all significant intercompany transactions eliminated. The accounting policies followed in preparing these interim condensed consolidated financial statements are those used by the Company as set out in the audited consolidated financial statements for the year ended June 30, 2019. In the opinion of management, all adjustments considered necessary (including reclassifications and normal recurring adjustments) to present fairly the financial position, results of operations, and cash flows at December 31, 2019, and for all periods presented, have been included in these interim condensed consolidated financial statements. Certain information and footnote disclosures normally included in the consolidated financial statements prepared in accordance with US GAAP have been condensed or omitted pursuant to appropriate SEC rules and regulations. These interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements for the year ended June 30, 2019. The interim results are not necessarily indicative of results for the full year ending June 30, 2020, or future operating periods. b) Recent Accounting Standards Issued and Adopted On July 1, 2019, NioCorp adopted Accounting Standards Update (“ASU”) No. 2016-02, Leases, which requires the recognition of right-of-use (“ROU”) assets and related liabilities associated with all leases that are not short-term in nature. NioCorp has elected to use July 1, 2019, the effective date of adoption, as the initial date of transition and not to restate comparative prior periods and to carry forward historical lease classifications. The new standard also provides practical expedients for a company’s ongoing accounting. For those leases with a lease term of 12 months or less, the Company will not recognize ROU assets or lease liabilities. Management reviewed the impact of existing leases at adoption date and determined the resulting changes did not require the recording of any assets or liabilities on NioCorp’s condensed consolidated balance sheets and had no other material impacts on the financial statements. Additionally, the Company concluded that its leases to explore for mineral deposits and rights to use land on which those natural resources are contained are outside the scope of this update. On July 1, 2019, NioCorp adopted ASU 2018-07, Compensation - Stock Compensation - Improvements to Nonemployee Share-Based Payment Accounting. This update aimed to simplify the accounting for share-based payments awarded to non-employees for goods or services acquired. The update specifies that the measurement date is the grant date and that awards are required to be measured at fair value. The adoption of this standard had no impacts on the financial statements. Issued and Not Effective From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (“FASB”) that are adopted by the Company as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards did not or will not have a material impact on the Company’s consolidated financial statements upon adoption. In August 2018, the FASB issued ASU 2018-13 - Fair Value Measurements (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. This update modifies the disclosure requirements on fair value measurements in Topic 820 and eliminates ‘at a minimum’ from the phrase ‘an entity shall disclose at a minimum’ to promote the appropriate exercise of discretion by entities when considering fair value disclosures and to clarify that materiality is an appropriate consideration. The guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, with early adoption permitted. The Company is currently evaluating the impacts that adoption of this guidance will have on its consolidated financial statements. c) Use of Estimates The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the deferred income tax asset valuations, convertible debt valuations, and share-based compensation. The Company bases its estimates and assumptions on current facts, historical experience, and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between estimates and the actual results, future results of operations will be affected.

GOING CONCERN ISSUES

GOING CONCERN ISSUES	6 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN ISSUES	3. GOING CONCERN ISSUES The Company incurred a loss of $2,081 for the six months ended December 31, 2019 (2018 - $4,204) and had a working capital deficit and an accumulated deficit of $6,876 and $92,766, respectively, as of December 31, 2019. These factors indicate the existence of a material uncertainty that raises substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue operations and fund its expenditures is dependent on management’s ability to secure additional financing. Management is actively pursuing such additional sources of financing, and while it has been successful in doing so in the past, there can be no assurance it will be able to do so in the future. These consolidated financial statements do not give effect to any adjustments required to realize its assets and discharge its liabilities in other than the normal course of business and at amounts different from those reflected in the accompanying financial statements.

CONVERTIBLE DEBT

CONVERTIBLE DEBT	6 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
CONVERTIBLE DEBT	4. CONVERTIBLE DEBT As of December 31, June 30, Convertible notes, current portion $ 800 $ 800 Convertible security, current portion 86 - $ 886 $ 800 Convertible security, noncurrent potion $ - $ 1,102 Convertible Notes The changes in the derivative liability related to the conversion feature are as follows: Derivative Liability Balance, June 30, 2019 $ - Change in fair value of derivative liability 82 Balance, December 31, 2019 $ 82 Effective October 10, 2019, the due date for the Company's outstanding convertible promissory notes was extended for one year to October 14, 2020. All other terms and conditions remained unchanged. Convertible Security Funding The change in the Lind Asset Management IV, LLC ("Lind") convertible securities balance is comprised of the following: Convertible Security Balance, June 30, 2019 $ 1,012 Conversions, at fair value (933 ) Changes in fair market value 7 Balance, December 31, 2019 $ 86 The convertible security issued to Lind pursuant to the Convertible Security Funding Agreement, dated June 27, 2018, between the Company and Lind (the "Second Convertible Security"), is convertible into common shares of the Company ("Common Shares") at a conversion price equal to 85% of the volume weighted average trading price of the Common Shares (in Canadian dollars) on the Toronto Stock Exchange for the five consecutive trading days immediately prior to the date on which Lind provides the Company with notice of its intention to convert an amount of the applicable Convertible Security from time to time. During the six months ended December 31, 2019, $825 principal amount of the Second Convertible Security was converted into 2,343,383 Common Shares.

COMMON STOCK

COMMON STOCK	6 Months Ended
	Dec. 31, 2019
Equity [Abstract]
COMMON STOCK	5. COMMON STOCK a) Stock Options Number of Options Weighted Average Exercise Price (C$) Balance, June 30, 2019 19,449,909 $ 0.62 Issued - - Exercised - - Cancelled/expired - - Balance, December 31, 2019 19,449,909 $ 0.62 The following table summarizes information about options to purchase Common Shares ("Options") outstanding at December 31, 2019: Exercise Price (C$) Expiry Date Number Outstanding Aggregate Intrinsic Value Number Exercisable Aggregate Intrinsic Value $ 0.62 January 19, 2021 5,264,909 C$ 1,052 5,264,909 C$ 1,052 $ 0.94 July 21, 2021 540,000 - 540,000 - $ 0.76 March 6, 2022 5,400,000 324 5,400,000 324 $ 0.47 November 9, 2022 3,800,000 1,330 3,800,000 1,330 $ 0.54 November 15, 2023 4,445,000 1,245 3,333,750 933 19,449,909 C$ 3,951 18,338,659 C$ 3,639 The aggregate intrinsic value in the preceding table represents the total intrinsic value, based on the Company's closing Common Share price of C$0.82 as of December 31, 2019, that would have been received by the Option holders had all Option holders exercised their Options as of that date. The total number of in-the-money Options vested and exercisable as of December 31, 2019, was 17,798,659. As of December 31, 2019, there was $40 of unrecognized compensation cost related to unvested share-based compensation arrangements granted under the Option plans. The cost is expected to be recognized over a remaining weighted average period of approximately 0.4 years. b) Warrants Warrants Weighted Average Exercise Price Balance June 30, 2019 21,374,801 C$ 0.78 Granted - - Exercised - - Expired - - Balance, December 31, 2019 21,374,801 C$ 0.78 At December 31, 2019, the Company had outstanding exercisable Warrants, as follows: Number Exercise Price (C$) Expiry Date 3,860,800 C$ 0.85 February 14, 2020 3,043,024 C$ 0.85 February 21, 2020 539,307 C$ 0.85 February 28, 2020 890,670 C$ 0.90 March 31, 2020 260,483 C$ 0.73 August 15, 2020 1,458,792 C$ 0.75 September 14, 2020 1,028,785 C$ 0.75 September 28, 2020 283,413 C$ 0.66 September 28, 2020 308,901 C$ 0.62 October 31, 2020 355,132 C$ 0.54 December 6, 2020 1,546,882 C$ 0.72 January 30, 2021 529,344 C$ 0.70 February 5, 2021 541,435 C$ 0.69 February 7, 2021 1,058,872 C$ 0.72 April 5, 2021 833,330 C$ 0.72 April 29, 2021 645,250 C$ 0.72 May 9, 2021 1,035,319 C$ 0.77 July 9, 2021 3,155,062 C$ 0.79 July 26, 2021 21,374,801

RELATED PARTY TRANSACTIONS AND

RELATED PARTY TRANSACTIONS AND BALANCES	6 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS AND BALANCES	6. RELATED PARTY TRANSACTIONS AND BALANCES The Company has a loan with Mark Smith, President, Chief Executive Officer ("CEO") and Executive Chairman of NioCorp (the "Original Smith Loan"), that bears an interest rate of 10%, is secured by the Company's assets pursuant to a concurrently executed general security agreement (the "General Security Agreement") and is subject to both a 2.5% establishment fee and 2.5% prepayment fee. As of December 31, 2019, the principal amount outstanding under the Original Smith Loan was $1,000. The Company also has a non-revolving credit facility agreement (the "Credit Agreement") in the amount of $2,000 with Mr. Smith. The Credit Agreement bears an interest rate of 10% and drawdowns from the Credit Agreement are subject to a 2.5% establishment fee. Amounts outstanding under the Credit Agreement are secured by all of the Company's assets pursuant to the General Security Agreement. The Credit Agreement contains financial and non-financial covenants customary for a facility of its size and nature. During the six-month period ended December 31, 2019, Mr. Smith advanced an additional $1,080 to the Company under the Credit Agreement, and as of December 31, 2019, the principal amount outstanding under the Credit Agreement was $1,560. Accounts payable and accrued liabilities as of December 31, 2019, include origination fees and interest payable to Mr. Smith under the Original Smith Loan and the Credit Agreement of $293.

EXPLORATION EXPENDITURES

EXPLORATION EXPENDITURES	6 Months Ended
	Dec. 31, 2019
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
EXPLORATION EXPENDITURES	For the Three Months Ended For the Six Months Ended 2019 2018 2019 2018 Technical studies and engineering $ 6 $ 1,041 $ 23 $ 1,650 Field management and other 405 144 570 273 Metallurgical development 43 43 84 82 Total $ 454 $ 1,228 $ 677 $ 2,005

LEASES

LEASES	6 Months Ended
	Dec. 31, 2019
Leases [Abstract]
LEASES	8. Leases The Company has three operating leases with an average remaining life of 0.8 years as of December 31, 2019. The Company incurred lease costs of $53 and $54 for the six months ended December 31, 2019 and 2018, respectively. The calculated ROU assets and lease liabilities were de minimis.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	9. Fair Value Measurements The Company measures the fair value of financial assets and liabilities based on US GAAP guidance which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The Company classifies financial assets and liabilities as held-for-trading, available-for-sale, held-to-maturity, loans and receivables, or other financial liabilities depending on their nature. Financial assets and financial liabilities are recognized at fair value on their initial recognition. Financial assets and liabilities classified as held-for-trading are measured at fair value, with gains and losses recognized in net income. Financial assets classified as held-to-maturity, loans and receivables, and financial liabilities other than those classified as held-for-trading are measured at amortized cost, using the effective interest method of amortization. Financial assets classified as available-for-sale are measured at fair value, with unrealized gains and losses being recognized in income. Financial instruments including receivables, accounts payable and accrued liabilities, and related party loans are carried at amortized cost, which management believes approximates fair value due to the short-term nature of these instruments. The following tables present information about the assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2019 and June 30, 2019, respectively, and indicate the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical instruments. Fair values determined by Level 2 inputs utilize data points that are observable, such as quoted prices, interest rates, and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the financial instrument and include situations where there is little, if any, market activity for the instrument. As of December 31, 2019 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 56 $ 56 $ - $ - Available-for-sale securities 2 2 - - Total $ 58 $ 58 $ - $ - Liabilities: Convertible debt $ 86 $ - $ - $ 86 Derivative liability, convertible debt 82 - - 82 Total $ 168 $ - $ - $ 168 As of June 30, 2019 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 357 $ 357 $ - $ - Available-for-sale securities 5 5 - - Total $ 362 $ 362 $ - $ - Liabilities: Convertible debt $ 1,012 $ - $ - $ 1,012 Derivative liability, convertible debt - - - - Total $ 1,012 $ - $ - $ 1,012 The Company measures the fair market value of the Level 3 components using the Black Scholes model and discounted cash flows, as appropriate. These models take into account management's best estimate of the conversion price of the stock, an estimate of the expected time to conversion, an estimate of the stock's volatility, and the risk-free rate of return expected for an instrument with a term equal to the duration of the convertible debt. The following table sets forth a reconciliation of changes in the fair value of the Company's convertible debt components classified as Level 3 in the fair value hierarchy: Balance, June 30, 2019 $ 1,012 Conversions to equity (933 ) Realized and unrealized losses 89 Balance, December 31, 2019 $ 168

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENT	10. Subsequent events On January 17, 2020, the Company and Mr. Smith entered into an amending agreement to the Credit Agreement, increasing the limit of the non-revolving credit facility to $2.5 million.

BASIS OF PREPARATION (Policies)

BASIS OF PREPARATION (Policies)	6 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of Preparation and Consolidation	a) Basis of Preparation and Consolidation The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles of the United States of America (“US GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”). The interim condensed consolidated financial statements include the consolidated accounts of the Company and its wholly-owned subsidiaries with all significant intercompany transactions eliminated. The accounting policies followed in preparing these interim condensed consolidated financial statements are those used by the Company as set out in the audited consolidated financial statements for the year ended June 30, 2019. In the opinion of management, all adjustments considered necessary (including reclassifications and normal recurring adjustments) to present fairly the financial position, results of operations, and cash flows at December 31, 2019, and for all periods presented, have been included in these interim condensed consolidated financial statements. Certain information and footnote disclosures normally included in the consolidated financial statements prepared in accordance with US GAAP have been condensed or omitted pursuant to appropriate SEC rules and regulations. These interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements for the year ended June 30, 2019. The interim results are not necessarily indicative of results for the full year ending June 30, 2020, or future operating periods.
Recent Accounting Standards	b) Recent Accounting Standards Issued and Adopted On July 1, 2019, NioCorp adopted Accounting Standards Update (“ASU”) No. 2016-02, Leases, which requires the recognition of right-of-use (“ROU”) assets and related liabilities associated with all leases that are not short-term in nature. NioCorp has elected to use July 1, 2019, the effective date of adoption, as the initial date of transition and not to restate comparative prior periods and to carry forward historical lease classifications. The new standard also provides practical expedients for a company’s ongoing accounting. For those leases with a lease term of 12 months or less, the Company will not recognize ROU assets or lease liabilities. Management reviewed the impact of existing leases at adoption date and determined the resulting changes did not require the recording of any assets or liabilities on NioCorp’s condensed consolidated balance sheets and had no other material impacts on the financial statements. Additionally, the Company concluded that its leases to explore for mineral deposits and rights to use land on which those natural resources are contained are outside the scope of this update. On July 1, 2019, NioCorp adopted ASU 2018-07, Compensation - Stock Compensation - Improvements to Nonemployee Share-Based Payment Accounting. This update aimed to simplify the accounting for share-based payments awarded to non-employees for goods or services acquired. The update specifies that the measurement date is the grant date and that awards are required to be measured at fair value. The adoption of this standard had no impacts on the financial statements. Issued and Not Effective From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (“FASB”) that are adopted by the Company as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards did not or will not have a material impact on the Company’s consolidated financial statements upon adoption. In August 2018, the FASB issued ASU 2018-13 - Fair Value Measurements (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. This update modifies the disclosure requirements on fair value measurements in Topic 820 and eliminates ‘at a minimum’ from the phrase ‘an entity shall disclose at a minimum’ to promote the appropriate exercise of discretion by entities when considering fair value disclosures and to clarify that materiality is an appropriate consideration. The guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, with early adoption permitted. The Company is currently evaluating the impacts that adoption of this guidance will have on its consolidated financial statements.
Use of Estimates	c) Use of Estimates The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the deferred income tax asset valuations, convertible debt valuations, and share-based compensation. The Company bases its estimates and assumptions on current facts, historical experience, and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between estimates and the actual results, future results of operations will be affected.

CONVERTIBLE DEBT (Tables)

CONVERTIBLE DEBT (Tables)	6 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of convertible debt	As of December 31, June 30, Convertible notes, current portion $ 800 $ 800 Convertible security, current portion 86 - $ 886 $ 800 Convertible security, noncurrent potion $ - $ 1,102
Schedule of changes in the derivative liability related to the conversion feature	Derivative Liability Balance, June 30, 2019 $ - Change in fair value of derivative liability 82 Balance, December 31, 2019 $ 82
Schedule of change in convertible security balance	Convertible Security Balance, June 30, 2019 $ 1,012 Conversions, at fair value (933 ) Changes in fair market value 7 Balance, December 31, 2019 $ 86

COMMON STOCK (Tables)

COMMON STOCK (Tables)	6 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Schedule of stock option	Number of Options Weighted Average Exercise Price (C$) Balance, June 30, 2019 19,449,909 $ 0.62 Issued - - Exercised - - Cancelled/expired - - Balance, December 31, 2019 19,449,909 $ 0.62
Schedule of information and assumptions used to determine option costs	Exercise Price (C$) Expiry Date Number Outstanding Aggregate Intrinsic Value Number Exercisable Aggregate Intrinsic Value $ 0.62 January 19, 2021 5,264,909 C$ 1,052 5,264,909 C$ 1,052 $ 0.94 July 21, 2021 540,000 - 540,000 - $ 0.76 March 6, 2022 5,400,000 324 5,400,000 324 $ 0.47 November 9, 2022 3,800,000 1,330 3,800,000 1,330 $ 0.54 November 15, 2023 4,445,000 1,245 3,333,750 933 19,449,909 C$ 3,951 18,338,659 C$ 3,639
Schedule of warrant transactions	Warrants Weighted Average Exercise Price Balance June 30, 2019 21,374,801 C$ 0.78 Granted - - Exercised - - Expired - - Balance, December 31, 2019 21,374,801 C$ 0.78
Schedule of outstanding exercisable warrants	Number Exercise Price (C$) Expiry Date 3,860,800 C$ 0.85 February 14, 2020 3,043,024 C$ 0.85 February 21, 2020 539,307 C$ 0.85 February 28, 2020 890,670 C$ 0.90 March 31, 2020 260,483 C$ 0.73 August 15, 2020 1,458,792 C$ 0.75 September 14, 2020 1,028,785 C$ 0.75 September 28, 2020 283,413 C$ 0.66 September 28, 2020 308,901 C$ 0.62 October 31, 2020 355,132 C$ 0.54 December 6, 2020 1,546,882 C$ 0.72 January 30, 2021 529,344 C$ 0.70 February 5, 2021 541,435 C$ 0.69 February 7, 2021 1,058,872 C$ 0.72 April 5, 2021 833,330 C$ 0.72 April 29, 2021 645,250 C$ 0.72 May 9, 2021 1,035,319 C$ 0.77 July 9, 2021 3,155,062 C$ 0.79 July 26, 2021 21,374,801

EXPLORATION EXPENDITURES (Table

EXPLORATION EXPENDITURES (Tables)	6 Months Ended
	Dec. 31, 2019
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Schedule of exploration expenditures	For the Three Months Ended For the Six Months Ended 2019 2018 2019 2018 Technical studies and engineering $ 6 $ 1,041 $ 23 $ 1,650 Field management and other 405 144 570 273 Metallurgical development 43 43 84 82 Total $ 454 $ 1,228 $ 677 $ 2,005

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Schedule of fair values determined by Level 3 inputs are unobservable data	As of December 31, 2019 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 56 $ 56 $ - $ - Available-for-sale securities 2 2 - - Total $ 58 $ 58 $ - $ - Liabilities: Convertible debt $ 86 $ - $ - $ 86 Derivative liability, convertible debt 82 - - 82 Total $ 168 $ - $ - $ 168 As of June 30, 2019 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 357 $ 357 $ - $ - Available-for-sale securities 5 5 - - Total $ 362 $ 362 $ - $ - Liabilities: Convertible debt $ 1,012 $ - $ - $ 1,012 Derivative liability, convertible debt - - - - Total $ 1,012 $ - $ - $ 1,012
Schedule of reconciliation of changes in the fair value	Balance, June 30, 2019 $ 1,012 Conversions to equity (933 ) Realized and unrealized losses 89 Balance, December 31, 2019 $ 168

DESCRIPTION OF BUSINESS (Detail

DESCRIPTION OF BUSINESS (Details Narrative)	6 Months Ended
	Dec. 31, 2019Number
Description of Business (Textual)
Number of reportable segments	1

GOING CONCERN ISSUES (Details N

GOING CONCERN ISSUES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2019
Going Concern Issues (Textual)
Net loss	$ 1,076	$ 2,473	$ 2,081	$ 4,204
Working capital deficit			6,876
Accumulated deficit	$ (92,766)		$ (92,766)		$ (90,685)

CONVERTIBLE DEBT (Details)

CONVERTIBLE DEBT (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Short-term Debt [Line Items]
Convertible notes, current portion	$ 886	$ 800
Convertible security, noncurrent potion		1,102
Secured Convertible Security [Member]
Short-term Debt [Line Items]
Convertible notes, current portion	800	800
Unsecured Convertible Promissory Notes [Member]
Short-term Debt [Line Items]
Convertible security, current portion	$ 86

CONVERTIBLE DEBT (Details 1)

CONVERTIBLE DEBT (Details 1) $ in Thousands	6 Months Ended
	Dec. 31, 2019USD ($)
Debt Disclosure [Abstract]
Balance, June 30, 2019
Change in fair value of derivative liability	82
Balance, December 31, 2019	$ 82

CONVERTIBLE DEBT (Details 2)

CONVERTIBLE DEBT (Details 2) $ in Thousands	6 Months Ended
	Dec. 31, 2019USD ($)
Change Convertible Security Balance [Roll Forward]
Balance at beginning	$ 800
Balance at ending	886
Secured Convertible Security [Member]
Change Convertible Security Balance [Roll Forward]
Balance at beginning	800
Balance at ending	800
Secured Convertible Security [Member] | Lind Asset Management IV, LLC [Member]
Change Convertible Security Balance [Roll Forward]
Balance at beginning	1,012
Conversions, at fair value	(933)
Changes in fair market value	7
Balance at ending	$ 86

CONVERTIBLE DEBT (Details Narra

CONVERTIBLE DEBT (Details Narrative) - Secured Convertible Security [Member] $ in Thousands	6 Months Ended
	Dec. 31, 2019USD ($)shares
Description of conversion price	The convertible security issued to Lind pursuant to the Convertible Security Funding Agreement, dated June 27, 2018, between the Company and Lind (the “Second Convertible Security”), is convertible into common shares of the Company (“Common Shares”) at a conversion price equal to 85% of the volume weighted average trading price of the Common Shares (in Canadian dollars) on the Toronto Stock Exchange for the five consecutive trading days immediately prior to the date on which Lind provides the Company with notice of its intention to convert an amount of the applicable Convertible Security from time to time.
Debt conversion amount | $	$ 825
Number of shares issued upon debt conversion | shares	2,343,383

COMMON STOCK (Details)

COMMON STOCK (Details)	6 Months Ended
	Dec. 31, 2019$ / sharesshares
Number of Options
Balance at beginning | shares	19,449,909
Issued | shares
Exercised | shares
Cancelled/expired | shares
Balance at end | shares	19,449,909
Weighted Average Exercise Price
Balance at beginning | $ / shares	$ 0.62
Issued | $ / shares
Exercised | $ / shares
Cancelled/expired | $ / shares
Balance at end | $ / shares	$ 0.62

COMMON STOCK (Details 1)

COMMON STOCK (Details 1) $ in Thousands	6 Months Ended
	Dec. 31, 2019CAD ($)shares
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of outstanding | shares	19,449,909
Number exercisable | shares	18,338,659
CAD [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Aggregate Intrinsic Value | $	$ 3,951
Aggregate Intrinsic Value | $	$ 3,639
Exercise Price C$0.62 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Expiry date	Jan. 19, 2021
Number of outstanding | shares	5,264,909
Number exercisable | shares	5,264,909
Exercise Price C$0.62 [Member] | CAD [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Aggregate Intrinsic Value | $	$ 1,052
Aggregate Intrinsic Value | $	$ 1,052
Exercise Price C$0.94 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Expiry date	Jul. 21, 2021
Number of outstanding | shares	540,000
Number exercisable | shares	540,000
Exercise Price C$0.94 [Member] | CAD [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Aggregate Intrinsic Value | $
Aggregate Intrinsic Value | $
Exercise Price C$0.76 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Expiry date	Mar. 6, 2022
Number of outstanding | shares	5,400,000
Number exercisable | shares	5,400,000
Exercise Price C$0.76 [Member] | CAD [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Aggregate Intrinsic Value | $	$ 324
Aggregate Intrinsic Value | $	$ 324
Exercise Price C$0.47 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Expiry date	Nov. 9, 2022
Number of outstanding | shares	3,800,000
Number exercisable | shares	3,800,000
Exercise Price C$0.47 [Member] | CAD [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Aggregate Intrinsic Value | $	$ 1,330
Aggregate Intrinsic Value | $	$ 1,330
Exercise Price C$0.54 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Expiry date	Nov. 15, 2023
Number of outstanding | shares	4,445,000
Number exercisable | shares	3,333,750
Exercise Price C$0.54 [Member] | CAD [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Aggregate Intrinsic Value | $	$ 1,245
Aggregate Intrinsic Value | $	$ 933

COMMON STOCK (Details 2)

COMMON STOCK (Details 2)	6 Months Ended
	Dec. 31, 2019$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Balance, at end	21,374,801
CAD [Member]
Share Based Compensation Arrangement By Share Based Payment Award Other Than Options Outstanding Weighted Average Exercise Price [Roll Forward]
Balance, at beginning | $ / shares	$ 0.78
Granted | $ / shares
Exercised | $ / shares
Expired | $ / shares
Balance, at end | $ / shares	$ 0.78
Warrant [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Balance, at beginning	21,374,801
Granted
Exercised
Expired
Balance, at end	21,374,801

COMMON STOCK (Details 3)

COMMON STOCK (Details 3)	6 Months Ended
	Dec. 31, 2019$ / sharesshares
Class of Warrant or Right [Line Items]
Number	21,374,801
Exercise Price C$0.85 [Member]
Class of Warrant or Right [Line Items]
Number	3,860,800
Warrant exercise price (in dollars per share) | $ / shares	$ 0.85
Expiry Date	Feb. 14, 2020
Exercise Price C$0.85 [Member]
Class of Warrant or Right [Line Items]
Number	3,043,024
Warrant exercise price (in dollars per share) | $ / shares	$ 0.85
Expiry Date	Feb. 21, 2020
Exercise Price C$0.85 [Member]
Class of Warrant or Right [Line Items]
Number	539,307
Warrant exercise price (in dollars per share) | $ / shares	$ 0.85
Expiry Date	Feb. 28, 2020
Exercise Price C$0.90 [Member]
Class of Warrant or Right [Line Items]
Number	890,670
Warrant exercise price (in dollars per share) | $ / shares	$ 0.90
Expiry Date	Mar. 31, 2020
Exercise Price C$0.73 [Member]
Class of Warrant or Right [Line Items]
Number	260,483
Warrant exercise price (in dollars per share) | $ / shares	$ 0.73
Expiry Date	Aug. 15, 2020
Exercise Price C$0.75 [Member]
Class of Warrant or Right [Line Items]
Number	1,028,785
Warrant exercise price (in dollars per share) | $ / shares	$ 0.75
Expiry Date	Sep. 28, 2020
Exercise Price C$0.75 [Member]
Class of Warrant or Right [Line Items]
Number	1,458,792
Warrant exercise price (in dollars per share) | $ / shares	$ 0.75
Expiry Date	Sep. 14, 2020
Exercise Price C$0.66 [Member]
Class of Warrant or Right [Line Items]
Number	283,413
Warrant exercise price (in dollars per share) | $ / shares	$ 0.66
Expiry Date	Sep. 28, 2020
Exercise Price C$0.62 [Member]
Class of Warrant or Right [Line Items]
Number	308,901
Warrant exercise price (in dollars per share) | $ / shares	$ 0.62
Expiry Date	Oct. 31, 2020
Exercise Price C$0.54 [Member]
Class of Warrant or Right [Line Items]
Number	355,132
Warrant exercise price (in dollars per share) | $ / shares	$ 0.54
Expiry Date	Dec. 6, 2020
Exercise Price C$0.72 [Member]
Class of Warrant or Right [Line Items]
Number	1,546,882
Warrant exercise price (in dollars per share) | $ / shares	$ 0.72
Expiry Date	Jan. 30, 2021
Exercise Price C$0.70 [Member]
Class of Warrant or Right [Line Items]
Number	529,344
Warrant exercise price (in dollars per share) | $ / shares	$ 0.70
Expiry Date	Feb. 5, 2021
Exercise Price C$0.69 [Member]
Class of Warrant or Right [Line Items]
Number	541,435
Warrant exercise price (in dollars per share) | $ / shares	$ 0.69
Expiry Date	Feb. 7, 2021
Exercise Price C$0.72 [Member]
Class of Warrant or Right [Line Items]
Number	1,058,872
Warrant exercise price (in dollars per share) | $ / shares	$ 0.72
Expiry Date	Apr. 5, 2021
Exercise Price C$0.72 [Member]
Class of Warrant or Right [Line Items]
Number	833,330
Warrant exercise price (in dollars per share) | $ / shares	$ 0.72
Expiry Date	Apr. 29, 2021
Exercise Price C$0.72 [Member]
Class of Warrant or Right [Line Items]
Number	645,250
Warrant exercise price (in dollars per share) | $ / shares	$ 0.72
Expiry Date	May 9, 2021
Exercise Price C$0.77 [Member]
Class of Warrant or Right [Line Items]
Number	1,035,319
Warrant exercise price (in dollars per share) | $ / shares	$ 0.77
Expiry Date	Jul. 9, 2021
Exercise Price C$0.79 [Member]
Class of Warrant or Right [Line Items]
Number	3,155,062
Warrant exercise price (in dollars per share) | $ / shares	$ 0.79
Expiry Date	Jul. 26, 2021

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) $ / shares in Units, $ in Thousands	6 Months Ended
	Dec. 31, 2019CAD ($)$ / sharesshares
Common Stock [Member]
Share price (in dollars per share) | $ / shares	$ 0.82
Stock Option Plan [Member]
Number of vested and exercisable options | shares	17,798,659
Unrecognized compensation cost | $	$ 40
Cost recognized weighted average period	4 months 24 days

RELATED PARTY TRANSACTIONS AN_2

RELATED PARTY TRANSACTIONS AND BALANCES (Details) - CEO [Member] $ in Thousands, $ in Thousands	6 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2019CAD ($)
Non Revolving Line of Credit [Member]
Related Party Transactions and Balances (Textual)
Credit facility interest rate (in dollars per share)	10.00%	10.00%
Credit Agreement [Member]
Related Party Transactions and Balances (Textual)
Principal amount outstanding	$ 1,560
Non-revolving credit facility		$ 2,000
Establishment fee	2.50%
Description of collateral	The Credit Agreement bears an interest rate of 10% and drawdowns from the Credit Agreement are subject to a 2.5% establishment fee. Amounts outstanding under the Credit Agreement are secured by all of the Company's assets pursuant to the General Security Agreement.
Credit Agreement [Member] | Original Smith Loan [Member]
Related Party Transactions and Balances (Textual)
Description of fees associated with providing collateral for the credit facility	The Company has a loan with Mark Smith, President, Chief Executive Officer ("CEO") and Executive Chairman of NioCorp (the "Original Smith Loan"), that bears an interest rate of 10%, is secured by the Company's assets pursuant to a concurrently executed general security agreement (the "General Security Agreement") and is subject to both a 2.5% establishment fee and 2.5% prepayment fee.
Principal amount outstanding		1,000
Advance paid	$ 1,080
Accounts payable and accrued liabilities		$ 293

EXPLORATION EXPENDITURES (Detai

EXPLORATION EXPENDITURES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Total	$ 454	$ 1,228	$ 677	$ 2,005
Metallurgical Development [Member]
Total	43	43	84	82
Field Management and Other [Member]
Total	405	144	570	273
Technical Studies and Engineering [Member]
Total	$ 6	$ 1,041	$ 23	$ 1,650

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Leases [Abstract]
Operating lease costs	$ 53	$ 54
Operating lease term	9 months 18 days

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Assets:
Cash and cash equivalents	$ 56	$ 357
Available for sale securities	2	5
Total	58	362
Liabilities:
Convertible debt	86	1,012
Derivative liability, convertible debt	82
Total	168	1,012
Level 1 [Member]
Assets:
Cash and cash equivalents	56	357
Available for sale securities	2	5
Total	58	362
Liabilities:
Convertible debt
Derivative liability, convertible debt
Total
Level 2 [Member]
Assets:
Cash and cash equivalents
Available for sale securities
Total
Liabilities:
Convertible debt
Derivative liability, convertible debt
Total
Level 3 [Member]
Assets:
Cash and cash equivalents
Available for sale securities
Total
Liabilities:
Convertible debt	86	1,012
Derivative liability, convertible debt	82
Total	$ 168	$ 1,012

FAIR VALUE MEASUREMENTS (Deta_2

FAIR VALUE MEASUREMENTS (Details 1) - Level 3 [Member] $ in Thousands	6 Months Ended
	Dec. 31, 2019USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 1,012
Conversions to equity	(933)
Realized and unrealized losses	89
Balance at end	$ 168

SUBSEQUENTEVENTS (Details Narra

SUBSEQUENTEVENTS (Details Narrative) $ in Thousands	Jan. 17, 2020USD ($)
Subsequent Event [Member] | Smith Credit Agreement [Member]
Non-Revolving credit facility	$ 2,500