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v3.19.3

Consolidated Condensed Statements of Operations - USD ($) | 3 Months Ended
--- | ---
Sep. 30, 2019 | Sep. 30, 2018
Revenues |  |  |
Total revenues |  | $ 9,152,215 | $ 12,307,079
Operating costs |  |  |
Depreciation, depletion and amortization |  | 1,449,754 | 1,548,460
General and administrative expenses | [1] | 1,338,353 | 1,305,262
Total operating costs |  | 5,878,196 | 6,312,152
Income from operations |  | 3,274,019 | 5,994,927
Other |  |  |
Enduro transaction breakup fee |  | 0 | 1,100,000
Interest and other income |  | 66,129 | 46,571
Interest expense |  | (29,345) | (29,345)
Income before income taxes |  | 3,310,803 | 7,112,153
Income tax provision |  | 517,983 | 1,316,352
Net income available to common stockholders |  | $ 2,792,820 | $ 5,795,801
Earnings per common share |  |  |
Basic (in dollars per share) |  | $ 0.08 | $ 0.18
Diluted (in dollars per share) |  | $ 0.08 | $ 0.17
Weighted average number of common shares |  |  |
Basic (in shares) |  | 33,126,645 | 33,102,292
Diluted (in shares) |  | 33,134,372 | 33,119,057
Crude oil |  |  |
Revenues |  |  |
Total revenues |  | $ 8,845,504 | $ 11,397,452
Natural gas liquids |  |  |
Revenues |  |  |
Total revenues |  | 305,944 | 909,627
Natural gas |  |  |
Revenues |  |  |
Total revenues |  | 767 | 0
Production costs |  |  |
Operating costs |  |  |
Production costs |  | $ 3,090,089 | $ 3,458,430
[1] | For the three months ended September 30, 2019 and 2018, non-cash stock-based compensation expenses were $332,013 and $215,373, respectively.See accompanying notes to consolidated condensed financial statements.

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