NioCorp Developments (NB) 10-Q 11 May 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2020	May 11, 2020
Document and Entity Information [Abstract]
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	Mar. 31, 2020
Document Fiscal Period Focus	Q3
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		234,940,635
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	Mar. 31, 2020	Jun. 30, 2019
Current
Cash	$ 48	$ 357
Prepaid expenses and other	2	71
Total current assets	50	428
Non-current
Deposits	35	35
Available for sale securities at fair value	4	5
Mineral interests	10,617	10,617
Total assets	10,706	11,085
Current
Accounts payable and accrued liabilities	3,450	2,941
Related party loans	3,345	1,480
Convertible debt, current portion	838	800
Derivative liability, convertible debt	33
Total current liabilities	7,666	5,221
Convertible debt, net of current portion		1,012
Total liabilities	7,666	6,233
SHAREHOLDERS' EQUITY
Common stock, unlimited shares authorized; shares outstanding: 234,940,635 and 232,496,215, respectively	83,919	82,939
Additional paid-in capital	13,269	13,124
Accumulated deficit	(94,028)	(90,685)
Accumulated other comprehensive loss	(120)	(526)
Total equity	3,040	4,852
Total liabilities and equity	$ 10,706	$ 11,085

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - shares	8 Months Ended	11 Months Ended
	Mar. 31, 2020	Jun. 30, 2019
Statement of Financial Position [Abstract]
Common stock, authorized	Unlimited	Unlimited
Common stock, outstanding	234,940,635	232,496,215

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Operating expenses
Employee related costs	$ 341	$ 552	$ 1,040	$ 1,267
Professional fees	41	71	226	216
Exploration expenditures	294	858	971	2,863
Other operating expenses	141	106	473	457
Total operating expenses	817	1,587	2,710	4,803
Change in financial instrument fair value	(49)		39	633
Foreign exchange loss (gain)	395	(125)	359	73
Interest expense	100	55	233	210
(Gain) loss on available for sale securities	(1)	2	2	4
Loss before income taxes	1,262	1,519	3,343	5,723
Income tax benefit
Net loss	1,262	1,519	3,343	5,723
Other comprehensive loss:
Net loss	1,262	1,519	3,343	5,723
Other comprehensive (gain) loss:
Reporting currency translation	(449)	113	(406)	(59)
Total comprehensive loss	$ 813	$ 1,632	$ 2,937	$ 5,664
Loss per common share, basic and diluted	$ 0	$ 0.01	$ 0.01	$ 0.03
Weighted average common shares outstanding	234,870,686	225,361,562	234,453,544	220,890,406

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Total loss for the period	$ (3,343)	$ (5,723)
Non-cash elements included in net loss:
Change in financial instrument fair value	39	633
Unrealized loss on available-for-sale investments	1	4
Accretion of convertible debt		44
Foreign exchange loss	331	93
Share-based compensation	145	474
Subtotal	(2,827)	(4,475)
Change in working capital items:
Prepaid expenses	69	(95)
Accounts payable and accrued liabilities	586	1,436
Net cash used in operating activities	(2,172)	(3,134)
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	1,865
Other current assets		(175)
Net cash provided by financing activities	1,865	3,225
Exchange rate effect on cash and cash equivalents	(2)	(38)
Change in cash and cash equivalents during period	(309)	53
Cash and cash equivalents, beginning of period	357	73
Cash and cash equivalent, end of period	48	126
Supplemental cash flow information:
Amounts paid for interest	48	113
Amounts paid for income taxes
Non-cash financing transactions
Lind conversions	$ 980	$ 3,399

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
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	$ 3,399				3,399
Debt conversions (in shares)	8,154,801
Share issuance costs	$ (76)				(76)
Share-based payments		474			474
Reporting currency presentation				59	59
Loss for the period			(5,723)		(5,723)
Balance, ending at Mar. 31, 2019	$ 80,497	12,994	(89,072)	(461)	3,958
Balance, ending (in shares) at Mar. 31, 2019	226,666,534
Balance, beginning at Dec. 31, 2018	$ 79,320	12,746	(87,553)	(348)	4,165
Balance, beginning (in shares) at Dec. 31, 2018	223,936,708
Debt conversions	$ 1,177				1,177
Debt conversions (in shares)	2,729,826
Share-based payments		248			248
Reporting currency presentation				(113)	(113)
Loss for the period			(1,519)		(1,519)
Balance, ending at Mar. 31, 2019	$ 80,497	12,994	(89,072)	(461)	3,958
Balance, ending (in shares) at Mar. 31, 2019	226,666,534
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
Debt conversions	$ 980				980
Debt conversions (in shares)	2,444,420
Share-based payments		145			145
Reporting currency presentation				406	406
Loss for the period			(3,343)		(3,343)
Balance, ending at Mar. 31, 2020	$ 83,919	13,269	(94,028)	(120)	3,040
Balance, ending (in shares) at Mar. 31, 2020	234,940,635
Balance, beginning at Dec. 31, 2019	$ 83,872	13,241	(92,766)	(569)	3,778
Balance, beginning (in shares) at Dec. 31, 2019	234,839,598
Debt conversions	$ 47				47
Debt conversions (in shares)	101,037
Share-based payments		28			28
Reporting currency presentation				449	449
Loss for the period			(1,262)		(1,262)
Balance, ending at Mar. 31, 2020	$ 83,919	$ 13,269	$ (94,028)	$ (120)	$ 3,040
Balance, ending (in shares) at Mar. 31, 2020	234,940,635

DESCRIPTION OF BUSINESS

DESCRIPTION OF BUSINESS	9 Months Ended
	Mar. 31, 2020
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 to construction and commercial operation. The Company's ability to continue as a going concern is uncertain and is dependent upon obtaining sufficient financing, the generation of profits from mineral properties, and maintaining continued support from its shareholders and creditors.

BASIS OF PREPARATION

BASIS OF PREPARATION	9 Months Ended
	Mar. 31, 2020
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 March 31, 2020, 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	9 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN ISSUES	3. GOING CONCERN ISSUES The Company incurred a loss of $3,343 for the nine months ended March 31, 2020 (2019 - $5,723) and had a working capital deficit and an accumulated deficit of $7,616 and $94,028, respectively, as of March 31, 2020. 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. Since March 2020, several measures have been implemented in the United States, Canada, and the rest of the world in response to the increased impact from the novel coronavirus ("COVID-19"). While the impact of COVID-19 is expected to be temporary, the current circumstances are dynamic and the impact on our business operations cannot be reasonably estimated at this time. We believe this could have an adverse impact on our ability to obtain financing, development plans, results of operations, financial position, and cash flows during the current fiscal year.

CONVERTIBLE DEBT

CONVERTIBLE DEBT	9 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
CONVERTIBLE DEBT	4. CONVERTIBLE DEBT As of March 31, 2020 June 30, Convertible notes, current portion $ 800 $ 800 Convertible security, current portion 38 - $ 838 $ 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 33 Balance, March 31, 2020 $ 33 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 (980 ) Changes in fair market value 6 Balance, March 31, 2020 $ 38 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 nine months ended March 31, 2020, $867 principal amount of the Second Convertible Security was converted into 2,444,420 Common Shares.

COMMON STOCK

COMMON STOCK	9 Months Ended
	Mar. 31, 2020
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, March 31, 2020 19,449,909 $ 0.62 The following table summarizes information about options to purchase Common Shares ("Options") outstanding at March 31, 2020: Exercise Price (C$) Expiry Date Number Outstanding Aggregate Intrinsic Value Number Exercisable Aggregate Intrinsic Value $ 0.62 January 19, 2021 5,264,909 C$ 158 5,264,909 C$ 158 $ 0.94 July 21, 2021 540,000 - 540,000 - $ 0.76 March 6, 2022 5,400,000 - 5,400,000 - $ 0.47 November 9, 2022 3,800,000 684 3,800,000 684 $ 0.54 November 15, 2023 4,445,000 489 3,333,750 366 19,449,909 C$ 1,331 18,338,659 C$ 1,208 The aggregate intrinsic value in the preceding table represents the total intrinsic value, based on the Company's closing Common Share price of C$0.65 as of March 31, 2020, 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 March 31, 2020, was 12,398,659. As of March 31, 2020, there was $9 of unrecognized compensation cost related to unvested share-based compensation arrangements granted under the Option plans. The cost is expected to be recognized over a remaining weighted average period of approximately 0.1 years. b) Warrants Warrants Weighted Average Exercise Price Balance June 30, 2019 21,374,801 C$ 0.78 Granted - - Exercised - - Expired (8,333,801 ) 0.86 Balance, March 31, 2020 13,041,000 C$ 0.74 At March 31, 2020, the Company had outstanding exercisable Warrants, as follows: Number Exercise Price (C$) Expiry Date 260,483 C$ 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 13,041,000

RELATED PARTY TRANSACTIONS AND

RELATED PARTY TRANSACTIONS AND BALANCES	9 Months Ended
	Mar. 31, 2020
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 March 31, 2020, 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") with an original 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. 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. During the nine-month period ended March 31, 2020, Mr. Smith advanced an additional $1,865 to the Company under the Credit Agreement, and as of March 31, 2020, the principal amount outstanding under the Credit Agreement was $2,345. Accounts payable and accrued liabilities as of March 31, 2020, include origination fees and interest payable to Mr. Smith under the Original Smith Loan and the Credit Agreement of $349.

EXPLORATION EXPENDITURES

EXPLORATION EXPENDITURES	9 Months Ended
	Mar. 31, 2020
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
EXPLORATION EXPENDITURES	7. Exploration Expenditures For the Three Months Ended March 31, For the Nine Months Ended March 31, 2020 2019 2020 2019 Technical studies and engineering $ 9 $ 667 $ 32 $ 2,317 Field management and other 236 148 806 421 Metallurgical development 49 43 133 125 Total $ 294 $ 858 $ 971 $ 2,863

LEASES

LEASES	9 Months Ended
	Mar. 31, 2020
Leases [Abstract]
LEASES	8. Leases The Company has three operating leases with an average remaining life of 0.5 years as of March 31, 2020. The Company incurred lease costs of $77 and $82 for the nine months ended March 31, 2020 and 2019, respectively. The calculated ROU assets and lease liabilities were de minimis.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Mar. 31, 2020
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 March 31, 2020 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 March 31, 2020 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 48 $ 48 $ - $ - Available-for-sale securities 4 4 - - Total $ 52 $ 52 $ - $ - Liabilities: Convertible debt $ 38 $ - $ - $ 38 Derivative liability, convertible debt 33 - - 33 Total $ 71 $ - $ - $ 71 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 (980 ) Realized and unrealized losses 39 Balance, March 31, 2020 $ 71

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	10. Subsequent events On April 3, 2020, the Company and Mr. Smith entered into an amending agreement to the Credit Agreement, increasing the principal balance limit of the non-revolving credit facility to $3.0 million. On April 17, 2020, Elk Creek Resources Inc (“ECRC”), a wholly owned subsidiary, received a U.S. Small Business Administration Loan (the “SBA Loan”) from American National Bank, pursuant to the Paycheck Protection Program (the “PPP”) established under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), in the amount of $196. The application for these funds required the Company in good faith to certify that the current economic uncertainty made the loan request necessary to support the ongoing operations of the Company. This certification further required the Company to take into account current business activity and the ability to access other sources of liquidity sufficient to support ongoing operations in a manner that is not significantly detrimental to the business. The guidance and requirements with respect to the certification made by the Company did not contain any objective criteria and is subject to interpretation. Despite the Company’s understanding under the CARES Act that given the Company’s circumstances it satisfied all eligible requirements for the SBA Loan, management will continue to assess the Company’s continued qualification if or when updated or revised guidance is released by the U.S. Department of the Treasury. If a determination is subsequently made that the Company’s qualification status has changed, the Company may be required to, among other matters, return the SBA Loan. Under the terms of the SBA Loan, the Company may be eligible for full or partial loan forgiveness, however, no assurance is provided that the Company will apply for, or obtain forgiveness for, any portion of the SBA Loan.

BASIS OF PREPARATION (Policies)

BASIS OF PREPARATION (Policies)	9 Months Ended
	Mar. 31, 2020
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 March 31, 2020, 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)	9 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of convertible debt	As of March 31, 2020 June 30, Convertible notes, current portion $ 800 $ 800 Convertible security, current portion 38 - $ 838 $ 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 33 Balance, March 31, 2020 $ 33
Schedule of change in convertible security balance	Convertible Security Balance, June 30, 2019 $ 1,012 Conversions, at fair value (980 ) Changes in fair market value 6 Balance, March 31, 2020 $ 38

COMMON STOCK (Tables)

COMMON STOCK (Tables)	9 Months Ended
	Mar. 31, 2020
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, March 31, 2020 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$ 158 5,264,909 C$ 158 $ 0.94 July 21, 2021 540,000 - 540,000 - $ 0.76 March 6, 2022 5,400,000 - 5,400,000 - $ 0.47 November 9, 2022 3,800,000 684 3,800,000 684 $ 0.54 November 15, 2023 4,445,000 489 3,333,750 366 19,449,909 C$ 1,331 18,338,659 C$ 1,208
Schedule of warrant transactions	Warrants Weighted Average Exercise Price Balance June 30, 2019 21,374,801 C$ 0.78 Granted - - Exercised - - Expired (8,333,801 ) 0.86 Balance, March 31, 2020 13,041,000 C$ 0.74
Schedule of outstanding exercisable warrants	Number Exercise Price (C$) Expiry Date 260,483 C$ 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 13,041,000

EXPLORATION EXPENDITURES (Table

EXPLORATION EXPENDITURES (Tables)	9 Months Ended
	Mar. 31, 2020
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Schedule of exploration expenditures	For the Three Months Ended March 31, For the Nine Months Ended March 31, 2020 2019 2020 2019 Technical studies and engineering $ 9 $ 667 $ 32 $ 2,317 Field management and other 236 148 806 421 Metallurgical development 49 43 133 125 Total $ 294 $ 858 $ 971 $ 2,863

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of fair values determined by Level 3 inputs are unobservable data	As of March 31, 2020 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 48 $ 48 $ - $ - Available-for-sale securities 4 4 - - Total $ 52 $ 52 $ - $ - Liabilities: Convertible debt $ 38 $ - $ - $ 38 Derivative liability, convertible debt 33 - - 33 Total $ 71 $ - $ - $ 71 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 (980 ) Realized and unrealized losses 39 Balance, March 31, 2020 $ 71

DESCRIPTION OF BUSINESS (Detail

DESCRIPTION OF BUSINESS (Details Textual)	9 Months Ended
	Mar. 31, 2020Number
Description of Business (Textual)
Number of reportable segments	1

GOING CONCERN ISSUES (Details T

GOING CONCERN ISSUES (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019
Going Concern Issues (Textual)
Net loss	$ 1,262	$ 1,519	$ 3,343	$ 5,723
Working capital deficit			7,616
Accumulated deficit	$ (94,028)		$ (94,028)		$ (90,685)

CONVERTIBLE DEBT (Details)

CONVERTIBLE DEBT (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Short-term Debt [Line Items]
Convertible notes, current portion	$ 838	$ 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	$ 38

CONVERTIBLE DEBT (Details 1)

CONVERTIBLE DEBT (Details 1) $ in Thousands	9 Months Ended
	Mar. 31, 2020USD ($)
Debt Disclosure [Abstract]
Balance, June 30, 2019
Change in fair value of derivative liability	33
Balance, March 31, 2020	$ 33

CONVERTIBLE DEBT (Details 2)

CONVERTIBLE DEBT (Details 2) $ in Thousands	9 Months Ended
	Mar. 31, 2020USD ($)
Change Convertible Security Balance [Roll Forward]
Balance at beginning	$ 800
Balance at ending	838
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	(980)
Changes in fair market value	6
Balance at ending	$ 38

CONVERTIBLE DEBT (Details Textu

CONVERTIBLE DEBT (Details Textual) - Secured Convertible Security [Member] $ in Thousands	9 Months Ended
	Mar. 31, 2020USD ($)shares
Convertible Debt (Textual)
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 | $	$ 867
Number of shares issued upon debt conversion | shares	2,444,420

COMMON STOCK (Details)

COMMON STOCK (Details)	9 Months Ended
	Mar. 31, 2020$ / 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 ending | $ / shares	$ 0.62

COMMON STOCK (Details 1)

COMMON STOCK (Details 1) $ in Thousands	9 Months Ended
	Mar. 31, 2020CAD ($)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 | $	$ 1,331
Aggregate Intrinsic Value | $	$ 1,208
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 | $	$ 158
Aggregate Intrinsic Value | $	$ 158
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 | $
Aggregate Intrinsic Value | $
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 | $	$ 684
Aggregate Intrinsic Value | $	$ 684
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 | $	$ 489
Aggregate Intrinsic Value | $	$ 366

COMMON STOCK (Details 2)

COMMON STOCK (Details 2)	9 Months Ended
	Mar. 31, 2020$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Balance, at end	13,041,000
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	0.86
Balance, at end | $ / shares	$ 0.74
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	(8,333,801)
Balance, at end	13,041,000

COMMON STOCK (Details 3)

COMMON STOCK (Details 3)	9 Months Ended
	Mar. 31, 2020$ / sharesshares
Class of Warrant or Right [Line Items]
Number	13,041,000
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	1,458,792
Warrant exercise price (in dollars per share) | $ / shares	$ 0.75
Expiry Date	Sep. 14, 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$0.66 [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 Textual)

COMMON STOCK (Details Textual) - 9 months ended Mar. 31, 2020 $ in Thousands	USD ($)shares	$ / shares
Common Stock [Member]
Common Stock(Textual)
Share price (in dollars per share) | $ / shares		$ 0.65
Stock Option Plan [Member]
Common Stock(Textual)
Number of vested and exercisable options | shares	12,398,659
Unrecognized compensation cost | $	$ 9
Cost recognized weighted average period	1 month 6 days

RELATED PARTY TRANSACTIONS AN_2

RELATED PARTY TRANSACTIONS AND BALANCES (Details) - CEO [Member] - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2020	Jan. 17, 2020
Non Revolving Line of Credit [Member]
Related Party Transactions and Balances (Textual)
Credit facility interest rate (in dollars per share)	10.00%
Credit Agreement [Member]
Related Party Transactions and Balances (Textual)
Principal amount outstanding	$ 2,345
Non-revolving credit facility	$ 2,000	$ 2,500
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.
Advance paid	$ 1,865
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
Accounts payable and accrued liabilities	$ 349

EXPLORATION EXPENDITURES (Detai

EXPLORATION EXPENDITURES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Total	$ 294	$ 858	$ 971	$ 2,863
Metallurgical Development [Member]
Total	49	43	133	125
Field Management and Other [Member]
Total	236	148	806	421
Technical Studies and Engineering [Member]
Total	$ 9	$ 667	$ 32	$ 2,317

LEASES (Details)

LEASES (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Leases (Textual)
Operating lease costs	$ 77	$ 82
Operating lease term	6 months

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Assets:
Cash and cash equivalents	$ 48	$ 357
Available-for-sale securities	4	5
Total	52	362
Liabilities:
Convertible debt	38	1,012
Derivative liability, convertible debt	33
Total	71	1,012
Level 1 [Member]
Assets:
Cash and cash equivalents	48	357
Available-for-sale securities	4	5
Total	52	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	38	1,012
Derivative liability, convertible debt	33
Total	$ 71	$ 1,012

FAIR VALUE MEASUREMENTS (Deta_2

FAIR VALUE MEASUREMENTS (Details 1) - Level 3 [Member] $ in Thousands	9 Months Ended
	Mar. 31, 2020USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 1,012
Conversions to equity	(980)
Realized and unrealized losses	39
Ending Balance	$ 71

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Events [Member] - USD ($) $ in Thousands	Apr. 17, 2020	Apr. 03, 2020
Loan amount	$ 196
Smith Credit Agreement [Member]
Non-Revolving credit facility		$ 3,000