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Consolidated Condensed Statements of Cash Flows - USD ($)
 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net income $ 8,267,897 $ 12,099,241
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 4,310,284 4,710,223
Stock-based compensation 926,794 678,149
Settlements of asset retirement obligations (76,833) 0
Deferred income tax expense 268,938 633,625
Other 35,966 11,367
Changes in operating assets and liabilities:    
Receivables (2,054,097) 254,900
Prepaid expenses 154,903 (155,364)
Accrued liabilities and other 256,112 123,853
Income taxes payable 143,500 (22,842)
Net cash provided by operating activities 12,233,464 18,333,152
Cash flows from investing activities    
Capital expenditures for oil and natural gas properties (9,337,716) 0
Capital expenditures for oil and natural gas properties (1,354,849) (6,369,363)
Capital expenditures for other property and equipment 0 (2,337)
Net cash used in investing activities (10,692,565) (6,371,700)
Cash flows from financing activities    
Cash dividends to common stockholders (9,916,841) (9,953,562)
Common share repurchases, including shares surrendered for tax withholding (2,483,357) (138,638)
Net cash used in financing activities (12,400,198) (10,092,200)
Net change in cash, cash equivalents and restricted cash (10,859,299) 1,869,252
Cash, cash equivalents and restricted cash, beginning of period 31,552,533 27,681,133
Cash and cash equivalents, end of period 20,693,234 29,550,385
Supplemental disclosures of cash flow information:    
Income taxes paid 1,150,000 2,362,919
Non-cash transactions:    
Change in accounts payable used to acquire oil and natural gas properties (42,371) (1,748,122)
Oil and natural gas property costs incurred through recognition of asset retirement obligations and revision of previous estimates $ 871,076 $ 84,999