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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
Dec. 31, 2014
Mar. 31, 2014
Current assets    
Cash and cash equivalents $ 105,133us-gaap_CashAndCashEquivalentsAtCarryingValue $ 156,082us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable:    
Oil and gas sales 497,898us-gaap_OilAndGasJointInterestBillingReceivablesCurrent 628,098us-gaap_OilAndGasJointInterestBillingReceivablesCurrent
Trade 51,190MXC_AccountsReceivableTradeCurrent 18,144MXC_AccountsReceivableTradeCurrent
Prepaid costs and expenses 76,351us-gaap_PrepaidExpenseCurrent 28,804us-gaap_PrepaidExpenseCurrent
Derivatives – Short-term 57,849us-gaap_DerivativeAssetsCurrent 0us-gaap_DerivativeAssetsCurrent
Total current assets 788,421us-gaap_AssetsCurrent 831,128us-gaap_AssetsCurrent
Property and equipment, at cost    
Oil and gas properties, using the full cost method 40,140,057us-gaap_OilAndGasPropertyFullCostMethodGross 35,460,741us-gaap_OilAndGasPropertyFullCostMethodGross
Other 99,403us-gaap_PropertyPlantAndEquipmentOther 94,356us-gaap_PropertyPlantAndEquipmentOther
Accumulated depreciation, depletion and amortization (19,451,843)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment (18,475,174)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Property and equipment, net 20,787,617us-gaap_PropertyPlantAndEquipmentNet 17,079,923us-gaap_PropertyPlantAndEquipmentNet
Other noncurrent assets 100,778us-gaap_AssetsNoncurrent 7,239us-gaap_AssetsNoncurrent
Total Assets 21,676,816us-gaap_Assets 17,918,290us-gaap_Assets
Current liabilities    
Accounts payable and accrued expenses 433,719us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent 257,431us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Income tax payable 0us-gaap_AccruedIncomeTaxesCurrent 6,500us-gaap_AccruedIncomeTaxesCurrent
Derivative instruments 0us-gaap_DerivativeLiabilitiesCurrent 44,981us-gaap_DerivativeLiabilitiesCurrent
Total current liabilities 433,719us-gaap_LiabilitiesCurrent 308,912us-gaap_LiabilitiesCurrent
Long-term debt 5,750,000us-gaap_LongTermDebtNoncurrent 2,425,000us-gaap_LongTermDebtNoncurrent
Asset retirement obligations 1,217,138us-gaap_AssetRetirementObligationsNoncurrent 926,577us-gaap_AssetRetirementObligationsNoncurrent
Deferred income tax liabilities 836,690us-gaap_DeferredTaxLiabilitiesNoncurrent 858,449us-gaap_DeferredTaxLiabilitiesNoncurrent
Total liabilities 8,237,547us-gaap_Liabilities 4,518,938us-gaap_Liabilities
Stockholders' equity    
Preferred stock - $1.00 par value; 10,000,000 shares authorized; none outstanding 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock - $0.50 par value; 40,000,000 shares authorized; 2,104,266 shares issued and 2,038,266 shares outstanding as of December 31, 2014 and March 31, 2014 1,052,133us-gaap_CommonStockValue 1,052,133us-gaap_CommonStockValue
Additional paid-in capital 7,031,573us-gaap_AdditionalPaidInCapitalCommonStock 6,921,645us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 5,696,555us-gaap_RetainedEarningsAccumulatedDeficit 5,766,566us-gaap_RetainedEarningsAccumulatedDeficit
Treasury stock, at cost (66,000 shares) (340,992)us-gaap_TreasuryStockValue (340,992)us-gaap_TreasuryStockValue
Total stockholders' equity 13,439,269us-gaap_StockholdersEquity 13,399,352us-gaap_StockholdersEquity
Total liabilities and stockholders' equity $ 21,676,816us-gaap_LiabilitiesAndStockholdersEquity $ 17,918,290us-gaap_LiabilitiesAndStockholdersEquity