XML 16 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (484,722) $ (531,358)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Stock-based compensation 13,775 31,686
Depreciation, depletion and amortization 596,765 605,752
Accretion of asset retirement obligations 16,557 17,691
Changes in assets and liabilities:    
Decrease (increase) in accounts receivable 62,991 (103,613)
(Increase) decrease in prepaid expenses (139) 26,312
Increase in noncurrent assets (25,219)
Increase in accounts payable and accrued expenses 127,737 119,046
Settlement of asset retirement obligations (6,529) (89,272)
Net cash provided by operating activities 326,435 51,025
Cash flows from investing activities:    
Additions to oil and gas properties (481,005) (268,077)
Drilling refund 19,500 75,808
Proceeds from sale of oil and gas properties and equipment 549,507 193,846
Net cash provided by (used in) investing activities 88,002 1,577
Cash flows from financing activities:    
Reduction of long-term debt (432,000) (60,000)
Net cash used in financing activities (432,000) (60,000)
Net decrease in cash and cash equivalents (17,563) (7,398)
Cash and cash equivalents at beginning of period 73,451 34,013
Cash and cash equivalents at end of period 55,888 26,615
Supplemental disclosure of cash flow information:    
Cash paid for interest 54,884 89,627
Non-cash investing and financing activities:    
Asset retirement obligations $ 4,167 $ 3,614