Property and Equipment

9 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

As of March 31, 2019 and June 30, 2018, our oil and natural gas properties and other property and equipment consisted of the following:

	March 31, 2019			June 30, 2018
Oil and natural gas properties
Property costs subject to amortization	$	95,099,158		$	90,392,918
Less: Accumulated depreciation, depletion, and amortization	(33,765,225		)	(29,153,172		)
Unproved properties not subject to amortization	—			—
Oil and natural gas properties, net	$	61,333,933		$	61,239,746
Other property and equipment
Furniture, fixtures, office equipment and other, at cost	$	145,560		$	143,223
Less: Accumulated depreciation	(125,440		)	(112,816		)
Other property and equipment, net	$	20,120		$	30,407

During the nine months ended March 31, 2019 and 2018, the Company incurred capital expenditures of $4.7 million and $2.3 million, respectively, in the Delhi field.