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v3.19.2

Consolidated Statements of Operations - USD ($) | 12 Months Ended
--- | ---
Mar. 31, 2019 | Mar. 31, 2018
Operating revenues: |  |
Total operating revenues | $ 2,686,873 | $ 2,705,235
Operating expenses: |  |
Production | 936,400 | 1,070,447
Accretion of asset retirement obligation | 27,775 | 31,460
Depreciation, depletion and amortization | 802,425 | 880,419
General and administrative | 911,927 | 955,147
Total operating expenses | 2,678,527 | 2,937,473
Operating income (loss) | 8,346 | (232,238)
Other income (expenses): |  |
Interest income | 639 | 286
Interest expense | (21,931) | (89,537)
Net other expense | (21,292) | (89,251)
Loss before provision for income taxes | (12,946) | (321,489)
Income tax |  |
Net loss | $ (12,946) | $ (321,489)
Loss per common share: |  |
Basic: | $ (0.01) | $ (0.16)
Diluted: | $ (0.01) | $ (0.16)
Weighted average common shares outstanding: |  |
Basic: | 2,039,412 | 2,037,266
Diluted: | 2,039,412 | 2,037,266
Oil [Member] |  |
Operating revenues: |  |
Total operating revenues | $ 1,921,391 | $ 1,789,736
Natural Gas [Member] |  |
Operating revenues: |  |
Total operating revenues | 726,486 | 860,496
Other [Member] |  |
Operating revenues: |  |
Total operating revenues | $ 38,996 | $ 55,003

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