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Additional Financial Statement Information

12 Months Ended

Jun. 30, 2024

Note 13. Additional Financial Statement Information

Certain amounts on the consolidated balance sheets are comprised of the following (in thousands):


	June 30, 2024		June 30, 2023
Prepaid expenses and other current assets:
Other receivables	$	19	$	18
Prepaid insurance		734		727
Prepaid federal and state income taxes		1,798		805
Carryback of EOR tax credit		347		347
Advances to operators		608		—
Prepaid other		349		380
Total prepaid expenses and other current assets	$	3,855	$	2,277

Other assets:
Deposit⁽¹⁾	$	1,158	$	1,158
Right of use asset under operating lease		140		183
Total other assets	$	1,298	$	1,341

Accrued liabilities and other:
Accrued payables	$	2,570	$	3,005
Accrued capital expenditures		860		167
Accrued incentive and other compensation		945		941
Accrued royalties payable⁽²⁾		307		977
Accrued taxes other than federal and state income tax		1,062		739
Accrued severance		—		81
Accrued settlements on derivative contracts		67		—
Operating lease liability		98		59
Asset retirement obligations due within one year		202		55
Accrued interest and other		128		3
Total accrued liabilities and other	$	6,239	$	6,027

(1)	The deposit of $1.2 million is related to a long-term gas gathering deposit with Enterprise entered into at closing of the Company’s Jonah Field properties.

(2)	Accrued royalties payable relate to royalty and owner payments in the Jonah Field as the Company takes its natural gas and NGL working interest production in-kind. See Note 2, “Revenue Recognition” for a further discussion.