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v3.20.2

Consolidated Statements of Operations - USD ($) | 12 Months Ended
--- | ---
Jun. 30, 2020 | Jun. 30, 2019
Revenues |  |  |
Total revenues |  | $ 29,599,296 | $ 43,229,621
Operating costs |  |  |
Depreciation, depletion, and amortization |  | 5,761,498 | 6,253,083
Net loss on derivative contracts |  | 1,383,204 | 0
General and administrative expenses | [1] | 5,259,659 | 5,072,931
Total operating costs |  | 25,909,863 | 25,592,798
Income from operations |  | 3,689,433 | 17,636,823
Other |  |  |
Enduro transaction breakup fee |  | 0 | 1,100,000
Interest and other income |  | 177,418 | 239,150
Interest (expense) |  | (110,775) | (116,546)
Income before income tax provision |  | 3,756,076 | 18,859,427
Income tax provision (benefit) |  | (2,180,996) | 3,482,361
Net income (loss) attributable to common shareholders |  | $ 5,937,072 | $ 15,377,066
Earnings per common share |  |  |
Basic (in dollars per share) |  | $ 0.18 | $ 0.46
Diluted (in dollars per share) |  | $ 0.18 | $ 0.46
Weighted average number of common shares outstanding |  |  |
Basic (in shares) |  | 33,031,149 | 33,160,283
Diluted (in shares) |  | 33,033,091 | 33,169,718
Crude oil |  |  |
Revenues |  |  |
Total revenues |  | $ 28,578,879 | $ 40,779,052
Natural gas liquids |  |  |
Revenues |  |  |
Total revenues |  | 1,018,349 | 2,449,359
Natural gas |  |  |
Revenues |  |  |
Total revenues |  | 2,068 | 1,210
Production |  |  |
Operating costs |  |  |
Production costs |  | $ 13,505,502 | $ 14,266,784
[1] | General and administrative expenses for the years ended June 30, 2020 and 2019 included non-cash stock-based compensation expense of $1,285,663 and $888,162, respectively.

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