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Consolidated Condensed Statements of Operations - USD ($)
 3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Revenues        
Total revenues $ 9,381,615 $ 11,048,118 $ 18,533,830 $ 23,355,197
Operating costs        
Depreciation, depletion and amortization 1,461,049 1,603,633 2,910,803 3,152,093
General and administrative expenses [1] 1,436,197 1,258,570 2,774,550 2,563,832
Total operating costs 7,131,851 6,314,371 13,010,047 12,626,523
Income from operations 2,249,764 4,733,747 5,523,783 10,728,674
Other        
Enduro transaction breakup fee 0 0 0 1,100,000
Interest and other income 52,941 59,858 119,070 106,429
Interest expense (29,345) (29,345) (58,690) (58,690)
Income before income taxes 2,273,360 4,764,260 5,584,163 11,876,413
Income tax provision 508,442 859,695 1,026,425 2,176,047
Net income available to common stockholders $ 1,764,918 $ 3,904,565 $ 4,557,738 $ 9,700,366
Earnings per common share        
Basic (in dollars per share) $ 0.05 $ 0.12 $ 0.14 $ 0.29
Diluted (in dollars per share) $ 0.05 $ 0.12 $ 0.14 $ 0.29
Weighted average number of common shares        
Basic (in shares) 32,988,737 33,167,159 33,057,691 33,134,726
Diluted (in shares) 32,988,737 33,176,503 33,061,555 33,147,775
Crude oil        
Revenues        
Total revenues $ 8,974,237 $ 10,515,875 $ 17,819,741 $ 21,913,327
Natural gas liquids        
Revenues        
Total revenues 406,634 532,243 712,578 1,441,870
Natural gas        
Revenues        
Total revenues 744 0 1,511 0
Production costs        
Operating costs        
Production costs $ 4,234,605 $ 3,452,168 $ 7,324,694 $ 6,910,598
[1] For the three months ended December 31, 2019 and 2018, non-cash stock-based compensation expenses were $236,190 and $254,111, respectively. For the six months ended December 31, 2019 and 2018, non-cash stock-based compensation expenses were $568,203 and $469,484, respectively.