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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net income attributable to the Company $ 3,785,892 $ 3,103,514
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 3,991,055 2,462,087
Impairments included in restructuring charge 569,228 0
Stock-based compensation 708,746 715,864
Stock-based compensation included in restructuring charge 59,339 0
Accretion of discount on asset retirement obligations 34,555 23,697
Settlements of asset retirement obligations 0 (223,565)
Deferred income taxes (399,256) 937,572
Deferred rent 0 (12,859)
(Gain) on derivative instruments, net (4,099,759) 0
Write-off of deferred loan costs 50,414 0
Changes in operating assets and liabilities:    
Receivables from oil and natural gas sales 1,191,207 (1,007,058)
Receivables other (13,154) (222,416)
Prepaid expenses and other current assets 20,696 96,627
Accounts payable and accrued expenses (98,254) 629,760
Income taxes payable (35,405) 116,343
Net cash provided by operating activities 5,765,304 6,619,566
Cash flows from investing activities    
Derivative settlements received 3,513,285 0
Proceeds from asset sales 0 389,166
Capital expenditures for oil and natural gas properties (12,191,121) (2,432,424)
Capital expenditures for other property and equipment (1,876) (320,936)
Other assets (161,345) (183,877)
Net cash used in investing activities (8,841,057) (2,548,071)
Cash flows from financing activities    
Proceeds from exercise of stock options 51,000 141,600
Cash dividends to preferred stockholders (505,726) (505,726)
Cash dividends to common stockholders (4,932,247) (8,192,989)
Acquisition of treasury stock (1,355,880) (63,556)
Tax benefits related to stock-based compensation 3,727,913 1,063,827
Deferred loan costs (22,002) (63,737)
Other 33 67
Net cash used in financing activities (3,036,909) (7,620,514)
Net decrease in cash and cash equivalents (6,112,662) (3,549,019)
Cash and cash equivalents, beginning of period 20,118,757 23,940,514
Cash and cash equivalents, end of period 14,006,095 20,391,495
Supplemental disclosures of cash flow information:    
Income taxes paid 480,000 100,000
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 (130,202) 1,877,830
Deferred loan costs charged to oil and gas property costs 107,196 0
Oil and natural gas property costs incurred through recognition of asset retirement obligations 0 573,689
Settlement of accrued treasury stock purchases (170,283) 0
Royalty rights acquired through non-monetary exchange of patent and trademark assets $ 108,512 $ 0