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Condensed Balance Sheets - USD ($)
Dec. 31, 2021
Sep. 30, 2021
Current assets:    
Cash and cash equivalents $ 1,559,350 $ 2,438,511
Natural gas, oil, and NGL sales receivables (net of $0 allowance for uncollectable accounts) 8,020,067 6,428,982
Refundable income taxes   2,413,942
Other 1,333,279 942,082
Total current assets 10,912,696 12,223,517
Properties and equipment at cost, based on successful efforts accounting:    
Producing natural gas and oil properties 249,861,777 319,984,874
Non-producing natural gas and oil properties 54,960,073 40,466,098
Other 883,310 794,179
Gross properties and equipment, at cost, based on successful efforts accounting 305,705,160 361,245,151
Less accumulated depreciation, depletion and amortization (195,971,382) (257,643,661)
Net properties and equipment 109,733,778 103,601,490
Operating lease right-of-use assets 585,888 607,414
Other, net 570,072 578,593
Total assets 121,802,434 117,011,014
Current liabilities:    
Accounts payable 612,387 772,717
Derivative contracts, net [1] 6,413,308 12,087,988
Income taxes payable 499,939 334,050
Current portion of operating lease liability 133,614 132,287
Accrued liabilities and other 2,047,437 1,809,337
Total current liabilities 9,706,685 15,136,379
Long-term debt 20,000,000 17,500,000
Deferred income taxes, net 709,906 343,906
Asset retirement obligations 2,157,289 2,836,172
Derivative contracts, net [1] 132,569 1,696,479
Operating lease liability, net of current portion 755,433 789,339
Total liabilities 33,461,882 38,302,275
Stockholders' equity:    
Class A voting common stock, $0.01666 par value; 54,000,500 shares authorized and 34,405,287 issued at December 31, 2021; 36,000,500 shares authorized and 32,770,433 issued at September 30, 2021 573,192 545,956
Capital in excess of par value 36,741,266 33,213,645
Deferred directors' compensation 1,835,721 1,768,151
Retained earnings 54,798,980 48,966,420
Stockholders' Equity 93,949,159 84,494,172
Less treasury stock, at cost; 377,232 shares at December 31, 2021, and 388,545 shares at September 30, 2021 (5,608,607) (5,785,433)
Total stockholders' equity 88,340,552 78,708,739
Total liabilities and stockholders' equity $ 121,802,434 $ 117,011,014
[1] See Note 10: Fair Value Measurements for further disclosures regarding fair value of financial instruments.