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Condensed Balance Sheets - USD ($)
Jun. 30, 2021
Sep. 30, 2020
Current assets:    
Cash and cash equivalents $ 2,908,500 $ 10,690,395
Natural gas, oil, and NGL sales receivables (net of $0 allowance for uncollectable accounts) 5,114,387 2,943,220
Refundable income taxes 2,379,756 3,805,227
Other 480,600 351,088
Total current assets 10,883,243 17,789,930
Properties and equipment at cost, based on successful efforts accounting:    
Producing natural gas and oil properties 323,187,303 324,886,491
Non-producing natural gas and oil properties 32,894,588 18,993,814
Other 681,125 582,444
Gross properties and equipment, at cost, based on successful efforts accounting 356,763,016 344,462,749
Less accumulated depreciation, depletion and amortization (259,018,926) (263,590,801)
Net properties and equipment 97,744,090 80,871,948
Operating lease right-of-use assets 628,617 690,316
Other, net 558,659 669,641
Total assets 109,814,609 100,021,835
Current liabilities:    
Accounts payable 1,173,258 997,637
Derivative contracts, net [1] 6,754,328 281,942
Current portion of operating lease liability 130,973 127,108
Accrued liabilities and other 1,324,482 1,297,363
Short-term debt   1,750,000
Total current liabilities 9,383,041 4,454,050
Long-term debt 19,900,000 27,000,000
Deferred income taxes, net 212,007 1,329,007
Asset retirement obligations 2,845,919 2,897,522
Derivative contracts, net [1] 1,354,174 425,705
Operating lease liability, net of current portion 822,907 921,625
Total liabilities 34,518,048 37,027,909
Stockholders' equity:    
Class A voting common stock, $0.01666 par value; 36,000,500 shares authorized and 30,200,226 issued at June 30, 2021; 24,000,500 shares authorized and 22,647,306 issued at September 30, 2020 503,136 377,304
Capital in excess of par value 25,844,372 10,649,611
Deferred directors' compensation 1,701,110 1,874,007
Retained earnings 53,033,376 56,244,100
Stockholders' Equity 81,081,994 69,145,022
Less treasury stock, at cost; 388,545 shares at June 30, 2021, and 411,487 shares at September 30, 2020 (5,785,433) (6,151,096)
Total stockholders' equity 75,296,561 62,993,926
Total liabilities and stockholders' equity $ 109,814,609 $ 100,021,835
[1] See Note 10: Fair Value Measurements for further disclosures regarding fair value of financial instruments.