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Income Taxes - Schedule of Deferred Income Taxes (Details) - USD ($)
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Deferred tax assets:      
Non-qualified stock-based compensation $ 553,182 $ 173,647 $ 134,469
Net operating loss carry-forwards 386,808 400,288 427,249
AMT credit carry-forward [1] 0 701,254 701,254
Other 130,947 91,113 165,775
Gross deferred tax assets 1,070,937 1,366,302 1,428,747
Valuation allowance (292,446) (292,446) (292,446)
Total deferred tax assets 778,491 1,073,856 1,136,301
Deferred tax liability:      
Oil and natural gas properties (12,513,863) (12,233,993) (10,873,949)
Total deferred tax liability (12,513,863) (12,233,993) (10,873,949)
Net deferred tax liability (11,735,372) $ (11,160,137) $ (9,737,648)
AMT credit carry-forward 901,545    
AMT associated with stock-based compensation $ 200,291    
[1] In fiscal 2016 we used our total AMT credit carry-forward of $901,545. Our previous deferred tax asset above did not include $200,291 of AMT credit carry-forward associated with the tax benefit related to stock-based compensation.