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Supplemental Disclosure of Cash Flow Information
12 Months Ended
Jun. 30, 2019
Supplemental Cash Flow Elements [Abstract]  
Supplemental Disclosure of Cash Flow Information
Supplemental Disclosure of Cash Flow Information
Our supplemental disclosures of cash flow information for the years ended June 30, 2019 and 2018 are as follows:
 
June 30,
 
2019
 
2018
Income taxes paid
$
2,762,919

 
$
1,826,754

Non-cash transactions:
 
 
 
Increase (decrease) in accrued purchases of property and equipment
(1,603,290
)
 
1,695,218

Oil and natural gas property costs attributable to the recognition of asset retirement obligations
86,384

 
43,922