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Income Taxes (Details 2) (USD $)
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2011
Deferred tax assets:      
Non-qualified stock-based compensation $ 774,673 $ 774,720 $ 959,547
Net operating loss carry-forwards 427,249 1,336,769 5,910,275
AMT credit carry-forward 502,466 714,571 682,456
Other 28,170 29,929 23,626
Gross deferred tax assets 1,732,558 2,855,989 7,575,904
Valuation allowance (292,446) (893,410) (5,187,983)
Total deferred tax assets 1,440,112 1,962,579 2,387,921
Deferred tax liability:      
Oil and natural gas properties (9,832,948) (7,842,437) (5,718,187)
Total deferred tax liability (9,832,948) (7,842,437) (5,718,187)
Net deferred tax liability (8,392,836) (5,879,858) (3,330,266)
Total AMT credit carry-forward 632,335    
AMT credit carry-forward associated with the windfall tax benefit excluded from net deferred tax liability (129,869)    
Federal tax loss carry-forward 1,300,000    
Acquired deferral tax loss carry-forward available to use in equal amounts through 2023 $ 400,000