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Consolidated Condensed Statements of Operations - USD ($)
 3 Months Ended 6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Revenues        
Total revenues $ 11,048,118 $ 10,926,220 $ 23,355,197 $ 19,328,187
Operating costs        
Depreciation, depletion and amortization 1,603,633 1,656,891 3,152,093 3,197,013
General and administrative expenses [1] 1,258,570 1,666,256 2,563,832 3,235,960
Total operating costs 6,314,371 6,096,968 12,626,523 11,962,476
Income from operations 4,733,747 4,829,252 10,728,674 7,365,711
Other        
Enduro transaction breakup fee 0 0 1,100,000 0
Interest and other income 59,858 15,841 106,429 30,691
Interest expense (29,345) (20,456) (58,690) (40,911)
Income before income taxes 4,764,260 4,824,637 11,876,413 7,355,491
Income tax provision (benefit) 859,695 (5,052,211) 2,176,047 (4,661,889)
Net income available to common stockholders $ 3,904,565 $ 9,876,848 $ 9,700,366 $ 12,017,380
Earnings per common share        
Basic (in dollars per share) $ 0.12 $ 0.30 $ 0.29 $ 0.36
Diluted (in dollars per share) $ 0.12 $ 0.30 $ 0.29 $ 0.36
Weighted average number of common shares        
Basic (in shares) 33,167,159 33,109,448 33,134,726 33,099,546
Diluted (in shares) 33,176,503 33,140,278 33,147,775 33,140,257
Crude oil        
Revenues        
Total revenues $ 10,515,875 $ 10,185,635 $ 21,913,327 $ 18,014,890
Natural gas liquids        
Revenues        
Total revenues 532,243 740,585 1,441,870 1,313,297
Production costs        
Operating costs        
Production costs $ 3,452,168 $ 2,773,821 $ 6,910,598 $ 5,529,503
[1] General and administrative expenses for the three months ended December 31, 2018 and 2017 included non-cash stock-based compensation of $254,111 and $484,326, respectively. For the six months ended December 31, 2018 and 2017, non-cash stock-based compensation expenses were $469,484 and $971,810 respectively.