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Selected Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Jun. 30, 2016
Quarterly Financial Information Disclosure [Abstract]  
Summary of quarterly financial information
The following table presents summarized quarterly financial information for the years ended June 30, 2016 and 2015:
2016
First
 
Second (1)
 
Third
 
Fourth (2)
Revenues
$
7,379,406

 
$
6,622,927

 
$
5,106,735

 
$
7,240,434

Operating income (loss)
1,846,498

 
(454,987
)
 
(681,147
)
 
954,823

Net income (loss) available to common shareholders
$
2,923,652

 
$
654,697

 
$
(298,183
)
 
$
20,705,894

Basic net income (loss) per share
$
0.09

 
$
0.02

 
$
(0.01
)
 
$
0.63

Diluted net income (loss) per share
$
0.09

 
$
0.02

 
$
(0.01
)
 
$
0.63



2015
First
 
Second (3)
 
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



(1) Includes $1.3 million restructuring charge.
(2) Includes gain on settlement of Delhi field litigation of $28.1 million.
(3) 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.