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v3.19.2

Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | 66 Months Ended |  |
--- | --- | --- | --- | ---
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2019 | Jun. 30, 2018
Cash Flows From Operating Activities |  |  |  |  |
Net income attributable to the Company | $ 15,377,066 | $ 19,618,484 |  |  |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Depreciation, depletion and amortization | 6,268,239 | 6,158,555 |  |  |
Stock-based compensation | 888,162 | 1,366,764 |  |  |
Deferred income taxes | 767,256 | (5,270,856) |  |  |
Changes in operating assets and liabilities: |  |  |  |  |
Receivables | 773,800 | (1,215,214) |  |  |
Prepaid expenses and other current assets | 66,229 | (136,835) |  |  |
Accounts payable and accrued expenses | (90,891) | (107,081) |  |  |
Income taxes payable | 8,039 | 122,760 |  |  |
Net cash provided by operating activities | 24,057,900 | 20,536,577 |  |  |
Cash flows from investing activities |  |  |  |  |
Development of oil and natural gas properties | (6,746,142) | (3,690,845) |  |  |
Capital expenditures for other property and equipment | (11,509) | (7,846) |  |  |
Other assets | 0 | (19,282) |  |  |
Net cash used by investing activities | (6,757,651) | (3,717,973) |  |  |
Cash flows from financing activities |  |  |  |  |
Common share repurchases, including shares surrendered for tax withholding | (156,791) | (571,083) |  |  |
Common stock dividends paid | (13,272,058) | (11,594,541) | $ (59,400,000) |  |
Net cash provided by (used in) financing activities | (13,428,849) | (12,165,624) |  |  |
Net increase in cash, cash equivalents and restricted cash | 3,871,400 | 4,652,980 |  |  |
Cash, cash equivalents and restricted cash, beginning of year | 27,681,133 | 23,028,153 |  |  |
Cash, cash equivalents and restricted cash, end of year | 31,552,533 | 27,681,133 | 31,552,533 |  |
Supplemental Cash Flow Information [Abstract] |  |  |  |  |
Cash and cash equivalents |  |  |  | $ 31,552,533 | $ 24,929,844
Restricted cash included in current assets |  |  |  | 0 | 2,751,289
Total cash, cash equivalents and restricted cash shown in the statements of cash flows | $ 27,681,133 | $ 23,028,153 | $ 31,552,533 | $ 31,552,533 | $ 27,681,133

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