XML 63 R34.htm IDEA: XBRL DOCUMENT
v3.21.2

Property and Equipment, Net of Depreciation, Depletion, and Amortization (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2021
Property, Plant and Equipment [Abstract] |
Schedule of oil and natural gas properties and other property and equipment |
| June 30, 2021 |  | June 30, 2020
Oil and natural gas properties: |  |  |
Property costs subject to amortization | $ | 129,123,227 |  |  | $ | 107,390,379 |
Less: Accumulated depreciation, depletion, and amortization and impairment (a) | (70,607,367) |  |  | (40,878,098) |
Unproved properties not subject to amortization | — |  |  | — |
Oil and natural gas properties, net | 58,515,860 |  |  | 66,512,281 |
Other property and equipment: |  |  |
Furniture, fixtures, and office equipment, at cost | 154,731 |  |  | 154,731 |
Less: Accumulated depreciation (b) | (144,092) |  |  | (137,092) |
Other property and equipment, net | $ | 10,639 |  |  | $ | 17,639 |
(a) Depletion on oil and natural gas properties was $4,901,969 for fiscal 2021 and $5,592,651 for fiscal 2020. Impairment on oil and natural gas properties was $24,792,079 for fiscal 2021, and there was no impairment in fiscal 2020. (b) Depreciation was $7,000 for fiscal 2021 and $8,779 for fiscal 2020.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration