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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Jun. 30, 2015
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data (Unaudited) | Selected Quarterly Financial Data (Unaudited) The following table presents summarized quarterly financial information for the years ended June 30, 2015 and 2014:
2015 | First |  | Second (1) |  | Third |  | Fourth
Revenues | $ | 4,004,827 |  |  | $ | 7,708,067 |  |  | $ | 7,064,689 |  |  | $ | 9,063,682 |
Operating income | 1,840,866 |  |  | 2,162,294 |  |  | 1,245,990 |  |  | 3,334,547 |
Net income available to common shareholders | $ | 960,435 |  |  | $ | 1,071,342 |  |  | $ | 566,011 |  |  | $ | 1,719,767 |
Basic net income per share | $ | 0.03 |  |  | $ | 0.03 |  |  | $ | 0.02 |  |  | $ | 0.05 |
Diluted net income per share | $ | 0.03 |  |  | $ | 0.03 |  |  | $ | 0.02 |  |  | $ | 0.05 |
2014 | First |  | Second (2) |  | Third (3) |  | Fourth
Revenues | $ | 4,633,699 |  |  | $ | 4,392,289 |  |  | $ | 4,337,006 |  |  | $ | 4,310,514 |
Operating income (loss) | 1,963,897 |  |  | (158,095 | ) |  | 1,357,534 |  |  | 2,364,811 |
Net income (loss) available to common shareholders | $ | 1,303,876 |  |  | $ | (577,459 | ) |  | $ | 755,125 |  |  | $ | 1,441,469 |
Basic net income (loss) per share | $ | 0.05 |  |  | $ | (0.02 | ) |  | $ | 0.02 |  |  | $ | 0.04 |
Diluted net income (loss) per share | $ | 0.04 |  |  | $ | (0.02 | ) |  | $ | 0.02 |  |  | $ | 0.04 |
(1) | Impacted by the November 1, 2014 reversion of the Company's 23.9% working interest and 19.0% net revenue interest in the Delhi Field.
(2) | Reflects a $1.3 million restructuring charge and $0.8 million of non-recurring expenses primarily associated with the exercise of 4.0 million of 4.8 million of previously outstanding stock options and warrants.
(3) | Includes $608,000 of non-recurring expenses related to the retirement of an officer of the Company.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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