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Property and Equipment
 3 Months Ended
Sep. 30, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and Equipment
 
As of September 30, 2015 and June 30, 2015 our oil and natural gas properties and other property and equipment consisted of the following:
 
September 30,
2015
 
June 30,
2015
Oil and natural gas properties
 

 
 

Property costs subject to amortization
$
60,325,947

 
$
57,718,653

Less: Accumulated depreciation, depletion, and amortization
(13,720,639
)
 
(12,531,767
)
Unproved properties not subject to amortization
—

 
—

Oil and natural gas properties, net
$
46,605,308

 
$
45,186,886

Other property and equipment
 

 
 

Furniture, fixtures and office equipment, at cost
$
287,680

 
$
287,680

Artificial lift technology equipment, at cost
319,994

 
319,994

Less: Accumulated depreciation
(354,967
)
 
(330,918
)
Other property and equipment, net
$
252,707

 
$
276,756


 
During the three months ended September 30, 2015, the Company incurred capital expenditures of $2.6 million for the Delhi field.