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Condensed Balance Sheets - USD ($)
Dec. 31, 2020
Sep. 30, 2020
Current assets:    
Cash and cash equivalents $ 1,163,818 $ 10,690,395
Natural gas, oil, and NGL sales receivables (net of allowance for uncollectable accounts) 3,793,159 2,943,220
Refundable income taxes 3,817,772 3,805,227
Other 1,195,774 351,088
Total current assets 9,970,523 17,789,930
Properties and equipment at cost, based on successful efforts accounting:    
Producing natural gas and oil properties 329,648,805 324,886,491
Non-producing natural gas and oil properties 22,101,506 18,993,814
Other 582,444 582,444
Gross properties and equipment, at cost, based on successful efforts accounting 352,332,755 344,462,749
Less accumulated depreciation, depletion and amortization (265,704,923) (263,590,801)
Net properties and equipment 86,627,832 80,871,948
Operating lease right-of-use assets 670,065 690,316
Other, net 630,429 669,641
Total assets 97,898,849 100,021,835
Current liabilities:    
Accounts payable 536,972 997,637
Derivative contracts, net [1] 1,189,277 281,942
Current portion of operating lease liability 149,922 127,108
Accrued liabilities and other 1,254,061 1,297,363
Short-term debt   1,750,000
Total current liabilities 3,130,232 4,454,050
Long-term debt 27,000,000 27,000,000
Deferred income taxes, net 1,260,007 1,329,007
Asset retirement obligations 2,919,495 2,897,522
Derivative contracts, net [1] 385,720 425,705
Operating lease liability, net of current portion 867,509 921,625
Stockholders' equity:    
Class A voting common stock, $0.01666 par value; 24,000,500 shares authorized; 22,800,681 issued at December 31, 2020, and 22,647,306 issued at September 30, 2020 379,859 377,304
Capital in excess of par value 10,678,906 10,649,611
Deferred directors' compensation 1,918,534 1,874,007
Retained earnings 55,192,444 56,244,100
Stockholders' Equity 68,169,743 69,145,022
Less treasury stock, at cost; 390,267 shares at December 31, 2020, and 411,487 shares at September 30, 2020 (5,833,857) (6,151,096)
Total stockholders' equity 62,335,886 62,993,926
Total liabilities and stockholders' equity $ 97,898,849 $ 100,021,835
[1] See Note 11: Fair Value Measurements for further disclosures regarding fair value of financial instruments.