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Selected Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Jun. 30, 2015
Quarterly Financial Information Disclosure [Abstract] |
Summary of quarterly financial information | 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 Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: 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 + Details
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