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Consolidated Condensed Statements of Operations - USD ($)
 3 Months Ended 9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Revenues        
Total revenues $ 7,635,748 $ 7,712,619 $ 18,999,276 $ 26,246,449
Operating costs        
Depreciation, depletion, and amortization 1,070,967 1,399,481 3,840,023 4,310,284
Impairment of proved property 0 0 24,792,079 0
Impairment of Well Lift Inc. - related assets 146,051 0 146,051 0
Net loss on derivative contracts 0 0 614,645 0
General and administrative expenses [1] 1,831,614 1,465,780 4,956,011 4,240,330
Total operating costs 6,655,143 6,760,805 43,358,657 19,770,852
Income (loss) from operations 980,605 951,814 (24,359,381) 6,475,597
Other        
Interest and other income 9,223 41,186 34,866 160,256
Interest expense (18,686) (29,067) (60,340) (87,757)
Income (loss) before income taxes 971,142 963,933 (24,384,855) 6,548,096
Income tax provision (benefit) (219,859) (2,746,226) (5,730,701) (1,719,801)
Net income (loss) attributable to common stockholders $ 1,191,001 $ 3,710,159 $ (18,654,154) $ 8,267,897
Earnings (loss) per common share        
Basic (in dollars per share) $ 0.04 $ 0.11 $ (0.56) $ 0.25
Diluted (in dollars per share) $ 0.04 $ 0.11 $ (0.56) $ 0.25
Weighted average number of common shares outstanding        
Basic (in shares) 33,496,372 33,052,162 33,184,041 33,055,861
Diluted (in shares) 33,496,372 33,052,162 33,184,041 33,058,446
Crude oil        
Revenues        
Total revenues $ 7,076,965 $ 7,461,823 $ 17,918,909 $ 25,281,564
Natural gas liquids        
Revenues        
Total revenues 558,642 250,476 1,079,868 963,054
Natural gas        
Revenues        
Total revenues 141 320 499 1,831
Lease operating costs        
Operating costs        
Lease operating costs $ 3,606,511 $ 3,895,544 $ 9,009,848 $ 11,220,238
[1] General and administrative expenses for the three months ended March 31, 2021 and 2020 included non-cash stock-based compensation expenses of $320,236 and $358,591, respectively. For the nine months ended March 31, 2021 and 2020, non-cash stock-based compensation expenses were $938,093 and $926,794, respectively.