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EQUITY (Tables)
12 Months Ended
Jun. 30, 2021
EQUITY [Abstract]  
Equity Raises
The following is a summary of our capital stock activity:
 
  
Number of
Shares
  
Weighted-Average Issue Price
 
Balance at June 30, 2019
  
6,707,363
    
Australia share placement (July 2019)(4)
  
1,450,000
  
AUD 14.50(1)
 
U.S. public offering (June 2020)(4)
  
2,065,000
  
$
6.30
 
Exercise of incentive options
  
109,399
   
 
Conversion of performance rights
  
25,000
   
 
Balance at June 30, 2020
  
10,356,762
     
Australia share placement (August 2020)(4)
  
1,200,000
  
AUD 9.00(1)
 
U.S. public offering (October 2020)(4)
  
2,300,000
  
$
25.00
 
U.S. public offering (March 2021)(4)
  
1,750,000
  
$
70.00
 
Exercise of incentive options (cashless)(2)
  
130,271
   
 
Exercise of incentive options(3)
  
22,500
   
 
Conversion of performance rights
  
5,000
   
 
Balance at June 30, 2021
  
15,764,533
     



(1)
The weighted average issue price in Australian dollars (AUD) were on share issuances that were initiated in Australia and translated
into U.S. dollars at historical rates.

(2)130,271 stock options were exercised through cashless exercises during the year ended June 30, 2021.

(3)
22,500 stock options consisting of 5,000, 2,500, 15,000 incentive options with weighted average issue prices of AUD 35.00, AUD 16.00 and $12.38, respectively, were exercised during the year ended June 30, 2021.

(4)
Share issuance costs associated with Australia share placements and US public offerings totaled $12,819,429 and $2,326,270, during the years ended June 30, 2021 and 2020, respectively, and were accounted for as a reduction in the proceeds from share issuances in the consolidated balance sheets.