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Selected Quarterly Financial Data (Unaudited) - Summary of Quarterly Financial Information (Details) - USD ($)
$ / shares in Units, shares in Millions
 3 Months Ended 12 Months Ended
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
Revenues $ 9,063,682 $ 7,064,689 $ 7,708,067 [1] $ 4,004,827 $ 4,310,514 $ 4,337,006 [2] $ 4,392,289 [3] $ 4,633,699 $ 27,841,265 $ 17,673,508 $ 21,349,920
Operating income 3,334,547 1,245,990 2,162,294 [1] 1,840,866 2,364,811 1,357,534 [2] (158,095) [3] 1,963,897 8,583,697 5,528,147 10,701,354
Net income available to common shareholders $ 1,719,767 $ 566,011 $ 1,071,342 [1] $ 960,435 $ 1,441,469 $ 755,125 [2] $ (577,459) [3] $ 1,303,876 $ 4,317,555 $ 2,923,011 $ 5,954,126
Basic net income per share (in dollars per share) $ 0.05 $ 0.02 $ 0.03 [1] $ 0.03 $ 0.04 $ 0.02 [2] $ (0.02) [3] $ 0.05 $ 0.13 $ 0.09 $ 0.21
Diluted net income per share (in dollars per share) $ 0.05 $ 0.02 $ 0.03 [1] $ 0.03 $ 0.04 $ 0.02 [2] $ (0.02) [3] $ 0.04 $ 0.13 $ 0.09 $ 0.19
Restructuring charges             $ 1,300,000   $ (5,431) [4] $ 1,293,186 [4] $ 0 [4]
Non-cash stock-based compensation expense             $ 800,000        
Options and Incentive Warrants, Exercises (in shares)             4.0        
Options and Incentive Warrants outstanding (in shares)             4.8        
Officer                      
Non-recurring expense related to retirement of officer           $ 608,000          
Delhi Field                      
Revenues                 $ 27,573,641 $ 16,908,666 $ 19,219,036
Working interest     23.90%                
Net revenue interest     19.00%                
[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] Includes $608,000 of non-recurring expenses related to the retirement of an officer of the Company.
[3] 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.
[4] Restructuring charges for the year ended June 30, 2014 included non-cash stock-based compensation expense of $376,365.