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Consolidated Condensed Statements of Cash Flows - USD ($)
 6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities    
Net income attributable to the Company $ 9,700,366 $ 12,017,380
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 3,159,671 3,225,147
Stock-based compensation 469,484 971,810
Deferred income tax expense (benefit) 506,297 (5,245,910)
Changes in operating assets and liabilities:    
Receivables 507,689 (1,351,451)
Prepaid expenses and other current assets (70,048) (436,376)
Accounts payable and accrued expenses (142,568) (83,013)
Income taxes payable 13,364 0
Net cash provided by operating activities 14,144,255 9,097,587
Cash flows from investing activities    
Capital expenditures for oil and natural gas properties (5,048,987) (1,017,358)
Capital expenditures for other property and equipment (2,066) 0
Net cash used in investing activities (5,051,053) (1,017,358)
Cash flows from financing activities    
Cash dividends to common stockholders (6,634,896) (4,969,335)
Common share repurchases, including shares surrendered for tax withholding (138,638) (395,550)
Net cash used in financing activities (6,773,534) (5,364,885)
Net increase in cash, cash equivalents and restricted cash 2,319,668 2,715,344
Cash, cash equivalents and restricted cash, beginning of period 27,681,133 23,028,153
Cash, cash equivalents and restricted cash, end of period 30,000,801 25,743,497
Supplemental disclosures of cash flow information:    
Income taxes paid 1,862,919 1,136,754
Non-cash transactions:    
Change in accounts payable used to acquire property and equipment (1,094,249) 424,365
Oil and natural gas property costs incurred through recognition of asset retirement obligations $ 31,268 $ (779)