Certain amounts on the unaudited condensed consolidated balance sheets are comprised of the following (in thousands): | | | | | | | | | December 31, 2025 | | June 30, 2025 | Prepaid expenses and other current assets: | | | | | | | Other receivables | | $ | 156 | | $ | 227 | Prepaid insurance | | | 396 | | | 701 | Prepaid federal and state income taxes | | | 56 | | | 706 | Advances to operators | | | 31 | | | 316 | Prepaid other | | | 220 | | | 337 | Total prepaid expenses and other current assets | | $ | 859 | | $ | 2,287 | | | | | | | | Other assets: | | | | | | | Deposit | | $ | 8 | | $ | 8 | Debt issuance costs, net | | | 390 | | | 365 | Right of use asset under operating lease | | | 449 | | | 58 | Total other assets | | $ | 847 | | $ | 431 | | | | | | | | Accrued liabilities and other: | | | | | | | Accrued payables | | $ | 2,475 | | $ | 2,937 | Accrued capital expenditures | | | 600 | | | 421 | Accrued incentive and other compensation | | | 777 | | | 1,472 | Accrued royalties payable(1) | | | 625 | | | 417 | Accrued taxes other than federal and state income tax | | | 452 | | | 1,283 | Accrued settlements on derivative contracts | | | 170 | | | — | Operating lease liability | | | 63 | | | 66 | Asset retirement obligations due within one year | | | 131 | | | 295 | Accrued interest and other | | | 15 | | | 18 | Total accrued liabilities and other | | $ | 5,308 | | $ | 6,909 |
| (1) | Accrued royalties payable relate to royalty and owner payments in the Jonah Field as the Company takes its natural gas and NGL working interest production in-kind. See Note 2, “Revenue Recognition” for a further discussion. |
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