XML 84 R55.htm IDEA: XBRL DOCUMENT
v3.21.2

Property and Equipment, Net of Depreciation, Depletion, and Amortization - Summary of Property and Equipment (Details) - USD ($) |  |  | 3 Months Ended | 12 Months Ended
--- | --- | --- | --- | ---
Dec. 31, 2020 | Sep. 30, 2020 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2021 | Jun. 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 |  |  |  |  | (70,607,367) | (40,878,098)
Unproved properties not subject to amortization |  |  |  |  | 0 | 0
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 |  |  |  |  | (144,092) | (137,092)
Other property and equipment, net |  |  |  |  | 10,639 | 17,639
Depletion |  |  |  |  | 4,901,969 | 5,592,651
Impairment of proved property | $ 15,200,000 | $ 9,600,000 | $ 15,200,000 | $ 9,600,000 | 24,792,079 | 0
Depreciation |  |  |  |  | $ 7,000 | $ 8,779

X
- Definition The sum of the capitalized costs incurred, as of the balance sheet date, of unproved properties excluded from amortization including acquisition costs, exploration costs, development costs, and production costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-10.(c)(7)(ii)) -URI http://asc.fasb.org/extlink&oid=123726172&loc=d3e511914-122862 + Details
Name: | us-gaap_CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The noncash expense charged against earnings to recognize the consumption of natural resources. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585 + Details
Name: | us-gaap_Depletion
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585 + Details
Name: | us-gaap_Depreciation
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The expense recorded to reduce the value of oil and gas assets consisting of proved properties and unproved properties as the estimate of future successful production from these properties is reduced. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2921-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 360 -Section 35 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=66906256&loc=d3e66150-109466 + Details
Name: | us-gaap_ImpairmentOfOilAndGasProperties
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

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

X
- Definition Depletion of oil and gas property carried under the full cost method. + References No definition available. + Details
Name: | us-gaap_OilAndGasPropertyFullCostMethodDepletion
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Oil and gas properties, gross, carried under the full cost method. + References No definition available. + Details
Name: | us-gaap_OilAndGasPropertyFullCostMethodGross
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Oil and gas properties, net of depletion, carried under the full cost method. + References No definition available. + Details
Name: | us-gaap_OilAndGasPropertyFullCostMethodNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount before accumulated depreciation, depletion and amortization of other physical assets used in the normal conduct of business to produce goods and services and not intended for resale. + References Reference 1: 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_PropertyPlantAndEquipmentOther
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of accumulated depreciation of long-lived, physical assets used to produce goods and services and not intended for resale, classified as other. + References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentOtherAccumulatedDepreciation
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount after depreciation of long-lived, physical assets used to produce goods and services and not intended for resale, classified as other. + References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentOtherNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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