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Consolidated Condensed Statements of Cash Flows - USD ($)
 3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net income $ 2,792,820 $ 5,795,801
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,449,754 1,548,460
Stock-based compensation 332,013 215,373
Deferred income tax expense (benefit) (29,083) 275,380
Other 18,526 4,824
Changes in operating assets and liabilities:    
Receivables 199,064 (392,981)
Prepaid expenses 95,219 (415,729)
Accrued liabilities and other (276,864) (428,148)
Income taxes payable 462,066 1,053,032
Net cash provided by operating activities 5,043,515 7,656,012
Cash flows from investing activities    
Capital expenditures for oil and natural gas properties (522,413) (3,089,006)
Net cash used in investing activities (522,413) (3,089,006)
Cash flows from financing activities    
Cash dividends to common stockholders (3,306,408) (3,315,785)
Common share repurchases, including shares surrendered for tax withholding (1,362,424) (89,992)
Net cash used in financing activities (4,668,832) (3,405,777)
Net change in cash, cash equivalents and restricted cash (147,730) 1,161,229
Cash, cash equivalents and restricted cash, beginning of period 31,552,533 27,681,133
Cash and cash equivalents, end of period 31,404,803 28,842,362
Supplemental disclosures of cash flow information:    
Income taxes paid 85,000 462,395
Non-cash transactions:    
Change in accounts payable used to acquire oil and natural gas properties 102,981 (405,645)
Oil and natural gas property costs incurred through recognition of asset retirement obligations $ 0 $ 31,268