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Consolidated Condensed Statements of Cash Flows - USD ($)
9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net income attributable to the Company $ 12,099,241 $ 15,085,734
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 4,721,590 4,622,361
Stock-based compensation 678,149 1,324,230
Deferred income tax expense (benefit) 633,625 (5,072,214)
Changes in operating assets and liabilities:    
Receivables 254,900 (1,223,271)
Prepaid expenses and other current assets (155,364) (294,973)
Accounts payable and accrued liabilities 123,853 73,678
Income taxes payable (22,842) 0
Net cash provided by operating activities 18,333,152 14,515,545
Cash flows from investing activities    
Capital expenditures for oil and natural gas properties (6,369,363) (1,668,820)
Capital expenditures for other property and equipment (2,337) (6,033)
Net cash used in investing activities (6,371,700) (1,674,853)
Cash flows from financing activities    
Cash dividends to common stockholders (9,953,562) (8,286,486)
Common share repurchases, including shares surrendered for tax withholding (138,638) (395,550)
Net cash used in financing activities (10,092,200) (8,682,036)
Net increase in cash, cash equivalents and restricted cash 1,869,252 4,158,656
Cash, cash equivalents and restricted cash, beginning of period 27,681,133 23,028,153
Cash, cash equivalents and restricted cash, end of period 29,550,385 27,186,809
Supplemental disclosures of cash flow information:    
Income taxes paid 2,362,919 1,456,754
Non-cash transactions:    
Change in accounts payable used to acquire oil and natural gas properties (1,748,122) 622,185
Oil and natural gas property costs incurred through recognition of asset retirement obligations $ 84,999 $ (778)