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Additional Financial Statement Information

3 Months Ended

Sep. 30, 2024

Note 13. Additional Financial Statement Information

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


	September 30, 2024		June 30, 2024
Prepaid expenses and other current assets:
Other receivables	$	91	$	19
Prepaid insurance		565		734
Prepaid federal and state income taxes		622		1,798
Carryback of EOR tax credit		—		347
Advances to operators		428		608
Prepaid other		292		349
Total prepaid expenses and other current assets	$	1,998	$	3,855

Other assets:
Deposit⁽¹⁾	$	1,158	$	1,158
Right of use asset under operating lease		120		140
Total other assets	$	1,278	$	1,298

Accrued liabilities and other:
Accrued payables	$	2,763	$	2,570
Accrued capital expenditures		—		860
Accrued incentive and other compensation		417		945
Accrued royalties payable⁽²⁾		334		307
Accrued taxes other than federal and state income tax		795		1,062
Accrued settlements on derivative contracts		—		67
Operating lease liability		99		98
Asset retirement obligations due within one year		201		202
Accrued interest and other		119		128
Total accrued liabilities and other	$	4,728	$	6,239

(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.