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Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
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.