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Supplemental Disclosure of Cash Flow Information | 12 Months Ended
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Jun. 30, 2012
Supplemental Disclosure of Cash Flow Information |
Supplemental Disclosure of Cash Flow Information |
Note 9 — Supplemental Disclosure of Cash Flow Information Our supplemental disclosures of cash flow information for the year ended June 30, 2012, 2011 and 2010 are as follows:
|  | Year Ended |
|  | June 30, |
|  | 2012 |  | 2011 |  | 2010 |
Income taxes paid |  | $ | 895,000 |  | $ | 229,802 |  | $ | 329,800 |
Income tax refunds and net operating loss carry-back received |  | $ | — |  | $ | 979,177 |  | $ | 2,095,126 |
Non-cash transactions: |  |  |  |  |  |  |
Change in accounts payable used to acquire oil and natural gas leasehold interests and develop oil and natural gas properties |  | $ | (196,396 | ) | $ | (91,483 | ) | $ | (62,532 | )
Change in due to joint venture partner used to acquire oil and natural gas leasehold interests and develop oil and natural gas properties |  | $ | 1,958,029 |  | $ | — |  | $ | — |
Accrued advance in due to joint venture partner |  | $ | 1,142,715 |  | $ | — |  | $ | — |
Oil and natural gas property costs attributable to the recognition of asset retirement obligations |  | $ | 93,522 |  | $ | 15,000 |  | $ | 85,871 |
Windfall tax benefit recognized in income taxes recoverable |  | $ | — |  | $ | — |  | $ | 173,157 |

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- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4332-108586 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4313-108586 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 32 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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