Accounts Payable and Accrued Liabilities

3 Months Ended

Sep. 30, 2024

Payables and Accruals [Abstract]

Accounts Payable and Accrued Liabilities

10. Accounts Payable and Accrued Liabilities

The table below presents total accounts payable and accrued liabilities at:

	September 30, 2024		June 30, 2024
Trade payables	$	4,728,264	$	4,255,398
Accrued fixed assets		503,611		996,970
Accrued expenses		1,249,744		2,244,265
Market agreement settlement		900,000		1,800,000
Right-of-use liability, current		21,938		54,304
Total accounts payable and accrued liabilities	$	7,403,557	$	9,350,937

On July 3, 2024, the Company and Mercuria Energy America, LLC agreed to resolve their respective disputes related to a Marketing Agreement entered into in May 2023. Under the terms of the Settlement Agreement, the Company agreed to make six monthly payments to Mercuria Energy America, LLC of $0.3 million. Upon the completion of the payments, the parties agreed to release any and all claims, disputes, actions, suits, proceedings, demands and/or liabilities in law and/or equity or otherwise. The total amount of payments due of $1.8 million was accrued as of June 30, 2024. As of September 30, 2024, $0.9 million remained unpaid.