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Condensed Balance Sheets - USD ($)
Mar. 31, 2021
Sep. 30, 2020
Current assets:    
Cash and cash equivalents $ 1,270,482 $ 10,690,395
Natural gas, oil, and NGL sales receivables (net of $0 allowance for uncollectable accounts) 4,712,793 2,943,220
Refundable income taxes 2,448,871 3,805,227
Other 752,248 351,088
Total current assets 9,184,394 17,789,930
Properties and equipment at cost, based on successful efforts accounting:    
Producing natural gas and oil properties 329,708,071 324,886,491
Non-producing natural gas and oil properties 21,012,897 18,993,814
Other 582,444 582,444
Gross properties and equipment, at cost, based on successful efforts accounting 351,303,412 344,462,749
Less accumulated depreciation, depletion and amortization (265,863,136) (263,590,801)
Net properties and equipment 85,440,276 80,871,948
Operating lease right-of-use assets 649,500 690,316
Other, net 593,150 669,641
Total assets 95,867,320 100,021,835
Current liabilities:    
Accounts payable 672,507 997,637
Derivative contracts, net [1] 3,000,530 281,942
Current portion of operating lease liability 129,672 127,108
Accrued liabilities and other 1,382,066 1,297,363
Short-term debt   1,750,000
Total current liabilities 5,184,775 4,454,050
Long-term debt 23,500,000 27,000,000
Deferred income taxes, net 1,041,007 1,329,007
Asset retirement obligations 2,927,662 2,897,522
Derivative contracts, net [1] 625,179 425,705
Operating lease liability, net of current portion 856,142 921,625
Stockholders' equity:    
Class A voting common stock, $0.01666 par value; 36,000,500 shares authorized; 22,825,226 issued at March 31, 2021, and Class A voting common stock, $0.01666 par value; 24,000,500 shares authorized; 22,647,306 issued at September 30, 2020 380,268 377,304
Capital in excess of par value 11,150,749 10,649,611
Deferred directors' compensation 1,633,939 1,874,007
Retained earnings 54,402,724 56,244,100
Stockholders' Equity 67,567,680 69,145,022
Less treasury stock, at cost; 390,267 shares at March 31, 2021, and 411,487 shares at September 30, 2020 (5,835,125) (6,151,096)
Total stockholders' equity 61,732,555 62,993,926
Total liabilities and stockholders' equity $ 95,867,320 $ 100,021,835
[1] See Note 10: Fair Value Measurements for further disclosures regarding fair value of financial instruments.