XML 54 R6.htm IDEA: XBRL DOCUMENT 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