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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities    
Net income attributable to the Company $ 3,915,500 $ 2,368,928
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 2,714,162 1,311,425
Impairments included in restructuring charge 569,228 0
Stock-based compensation 430,839 488,357
Stock-based compensation included in restructuring charge 59,339 0
Accretion of discount on asset retirement obligations 22,860 12,773
Settlements of asset retirement obligations 0 (220,522)
Deferred income taxes (547,579) 656,589
Deferred rent 0 (8,574)
(Gain) on derivative instruments, net (3,598,351) 0
Write-off of deferred loan costs 50,414 0
Changes in operating assets and liabilities:    
Receivables from oil and natural gas sales 1,176,758 (1,454,866)
Receivables other (9,367) (12,492)
Prepaid expenses and other current assets (119,515) 69,697
Accounts payable and accrued expenses (310,054) 1,384,201
Income taxes payable 152,898 45,392
Net cash provided by operating activities 4,507,132 4,640,908
Cash flows from investing activities    
Derivative settlements received 1,561,979 0
Proceeds from asset sales 0 389,166
Capital expenditures for oil and natural gas properties (8,650,217) (1,136)
Capital expenditures for other property and equipment 0 (311,075)
Other assets (161,345) (84,341)
Net cash used in investing activities (7,249,583) (7,386)
Cash flows from financing activities    
Cash dividends to preferred stockholders (337,151) (337,151)
Cash dividends to common stockholders (3,268,319) (6,565,350)
Acquisition of treasury stock (1,354,743) (58,660)
Tax benefits related to stock-based compensation 3,910,163 921,581
Other (1,243) (11,292)
Net cash used in financing activities (1,051,293) (6,050,872)
Net decrease in cash and cash equivalents (3,793,744) (1,417,350)
Cash and cash equivalents, beginning of period 20,118,757 23,940,514
Cash and cash equivalents, end of period 16,325,013 22,523,164
Supplemental disclosures of cash flow information:    
Income taxes paid 440,000 100,000
Louisiana carryback income tax refund and related interest received 1,556,999 0
Non-cash transactions:    
Change in accounts payable used to acquire property and equipment (2,442,183) 1,410,420
Deferred loan costs charged to oil and gas property costs 108,472 0
Oil and natural gas property costs incurred through recognition of asset retirement obligations 0 562,482
Settlement of accrued treasury stock purchases (170,283) 0
Royalty rights acquired through non-monetary exchange of patent and trademark assets $ 108,512 $ 0