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Consolidated Condensed Statements of Operations - USD ($)
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Revenues    
Total revenues $ 5,595,376 $ 9,152,215
Operating costs    
Depreciation, depletion, and amortization 1,410,888 1,449,754
Proved property impairment 9,602,620 0
Net loss on derivative contracts 334,966 0
General and administrative expenses [1] 1,278,698 1,338,353
Total operating costs 15,025,096 5,878,196
Income (loss) from operations (9,429,720) 3,274,019
Other    
Interest and other income 14,426 66,129
Interest expense (22,032) (29,345)
Income (loss) before income taxes (9,437,326) 3,310,803
Income tax provision (benefit) (2,302,178) 517,983
Net income (loss) attributable to common stockholders (7,135,148) 2,792,820
Net income (loss) attributable to common stockholders $ (7,135,148) $ 2,792,820
Earnings (loss) per common share    
Basic (in dollars per share) $ (0.22) $ 0.08
Diluted (in dollars per share) $ (0.22) $ 0.08
Weighted average number of common shares outstanding    
Basic (in shares) 32,955,656 33,126,645
Diluted (in shares) 32,955,656 33,134,372
Crude oil    
Revenues    
Total revenues $ 5,379,161 $ 8,845,504
Natural gas liquids    
Revenues    
Total revenues 216,026 305,944
Natural gas    
Revenues    
Total revenues 189 767
Lease operating costs    
Operating costs    
Lease operating costs $ 2,397,924 $ 3,090,089
[1] General and administrative expenses for the three months ended September 30, 2020 and 2019 included non-cash stock-based compensation expenses of $300,351 and $332,013, respectively.