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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Jun. 30, 2021
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data (Unaudited) | Selected Quarterly Financial Data (Unaudited)
2021 | First (a) |  | Second (b) |  | Third |  | Fourth (c)
Revenues | $ | 5,595,376 |  |  | $ | 5,768,152 |  |  | $ | 7,635,748 |  |  | $ | 13,703,078 |
Income (loss) from operations | $ | (9,429,720) |  |  | $ | (15,910,266) |  |  | $ | 980,605 |  |  | $ | 3,000,750 |
Net income (loss) attributable to common shareholders | $ | (7,135,148) |  |  | $ | (12,710,007) |  |  | $ | 1,191,001 |  |  | $ | 2,216,220 |
Basic earnings (loss) per common share | $ | (0.22) |  |  | $ | (0.38) |  |  | $ | 0.04 |  |  | $ | 0.07 |
Diluted earnings (loss) per common share | $ | (0.22) |  |  | $ | (0.38) |  |  | $ | 0.04 |  |  | $ | 0.07 |
2020 | First |  | Second |  | Third (d) |  | Fourth
Revenues | $ | 9,152,215 |  |  | $ | 9,381,615 |  |  | $ | 7,712,619 |  |  | $ | 3,352,847 |
Income (loss) from operations | $ | 3,274,019 |  |  | $ | 2,249,764 |  |  | $ | 951,814 |  |  | $ | (2,786,164) |
Net income (loss) attributable to common shareholders | $ | 2,792,820 |  |  | $ | 1,764,918 |  |  | $ | 3,710,159 |  |  | $ | (2,330,825) |
Basic earnings per common share | $ | 0.08 |  |  | $ | 0.05 |  |  | $ | 0.11 |  |  | $ | (0.07) |
Diluted earnings per common share | $ | 0.08 |  |  | $ | 0.05 |  |  | $ | 0.11 |  |  | $ | (0.07) |
(a) The first quarter of fiscal 2021 included a ceiling test impairment charge of $9.6 million. (b) The second quarter of fiscal 2021 included a ceiling test impairment charge of $15.2 million. (c) The fourth quarter of fiscal 2021 includes approximately two months of production and related revenues and expenses from the Barnett Shale assets. (d) The third quarter of fiscal 2020 was impacted by a $2.8 million tax benefit attributable to the EOR tax credits.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=124502072&loc=SL124452896-108306 + Details
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