Additional Financial Statement Information (Tables)

12 Months Ended

Jun. 30, 2025

Additional Financial Statement Information

Additional Financial Statement Information

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

	June 30, 2025		June 30, 2024
Prepaid expenses and other current assets:
Other receivables	$	227	$	19
Prepaid insurance		701		734
Prepaid federal and state income taxes		706		1,798
Carryback of EOR tax credit		—		347
Advances to operators		316		608
Prepaid other		337		349
Total prepaid expenses and other current assets	$	2,287	$	3,855
Other assets:
Deposit(1)	$	8	$	1,158
Debt issuance costs		365		—
Right of use asset under operating lease		58		140
Total other assets	$	431	$	1,298
Accrued liabilities and other:
Accrued payables	$	2,937	$	2,570
Accrued capital expenditures		421		860
Accrued incentive and other compensation		1,472		945
Accrued royalties payable(2)		417		307
Accrued taxes other than federal and state income tax		1,283		1,062
Accrued settlements on derivative contracts		—		67
Operating lease liability		66		98
Asset retirement obligations due within one year		295		202
Accrued interest and other		18		128
Total accrued liabilities and other	$	6,909	$	6,239

(1) The deposit of $1.2 million at June 30, 2024, was related to a long-term gas gathering deposit with Enterprise for the Company’s Jonah Field properties. During the current fiscal year, Enterprise returned the cash collateral and in return the Company issued a letter of credit to Enterprise subsequent to June 30, 2025.

(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.