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Consolidated Condensed Statements of Operations - USD ($)
 3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Revenues        
Total revenues $ 7,712,619 $ 9,501,028 $ 26,246,449 $ 32,856,225
Operating costs        
Depreciation, depletion and amortization 1,399,481 1,558,130 4,310,284 4,710,223
General and administrative expenses [1] 1,465,780 1,196,935 4,240,330 3,760,767
Total operating costs 6,760,805 6,548,073 19,770,852 19,174,596
Income from operations 951,814 2,952,955 6,475,597 13,681,629
Other        
Enduro transaction breakup fee 0 0 0 1,100,000
Interest and other income 41,186 65,831 160,256 172,260
Interest expense (29,067) (28,789) (87,757) (87,479)
Income before income taxes 963,933 2,989,997 6,548,096 14,866,410
Income tax provision (benefit) (2,746,226) 591,122 (1,719,801) 2,767,169
Net income available to common stockholders $ 3,710,159 $ 2,398,875 $ 8,267,897 $ 12,099,241
Earnings per common share        
Basic (in dollars per share) $ 0.11 $ 0.07 $ 0.25 $ 0.36
Diluted (in dollars per share) $ 0.11 $ 0.07 $ 0.25 $ 0.36
Weighted average number of common shares        
Basic (in shares) 33,052,162 33,186,665 33,055,861 33,151,786
Diluted (in shares) 33,052,162 33,196,197 33,058,446 33,163,661
Crude oil        
Revenues        
Total revenues $ 7,461,823 $ 9,032,032 $ 25,281,564 $ 30,945,359
Natural gas liquids        
Revenues        
Total revenues 250,476 468,525 963,054 1,910,395
Natural gas        
Revenues        
Total revenues 320 471 1,831 471
Production costs        
Operating costs        
Production costs $ 3,895,544 $ 3,793,008 $ 11,220,238 $ 10,703,606
[1] For the three months ended March 31, 2020 and 2019, non-cash stock-based compensation expenses were $358,591 and $208,665, respectively. For the nine months ended March 31, 2020 and 2019, non-cash stock-based compensation expenses were $926,794 and $678,149, respectively.