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The following table summarizes the net realized and unrealized amounts reported in earnings related to the commodity derivative instruments for the three and nine months ended September 30, 2021 and 2020: (Details) - USD ($) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020
Credit Derivatives [Line Items] |  |  |  |
Gain (loss) on derivatives | $ (32,271) | $ (103,166) | $ (572,220) | $ 2,003,505
Oil Derivatives [Member] |  |  |  |
Credit Derivatives [Line Items] |  |  |  |
Gain (loss) on derivatives | 112,183 | (103,166) | (427,766) | 2,003,505
Natural Gas Derivatives [Member] |  |  |  |
Credit Derivatives [Line Items] |  |  |  |
Gain (loss) on derivatives | $ (144,454) |  | $ (144,454) |

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- Definition The difference between the book value and the sale price of options, swaps, futures, forward contracts, and other derivative instruments. This element refers to the gain (loss) included in earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.13(h)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 + Details
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