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Income Taxes (Tables) | 12 Months Ended
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Mar. 31, 2019
Income Tax Disclosure [Abstract] |
Schedule of Components of Net Deferred Tax Assets (Liabilities) | Significant components of net deferred tax assets (liabilities) at March 31 are as follows:
|  | 2019 |  |  | 2018 |
Deferred tax assets: |  |  |  |  |  |  |  |
Percentage depletion carryforwards |  | $ | 1,136,210 |  |  | $ | 1,111,801 |
Deferred stock-based compensation |  |  | 34,771 |  |  |  | 33,581 |
Asset retirement obligation |  |  | 180,922 |  |  |  | 181,136 |
Net operating loss |  |  | 948,722 |  |  |  | 995,489 |
Other |  |  | 5,470 |  |  |  | 5,141 |
|  |  | 2,306,095 |  |  |  | 2,327,148 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Excess financial accounting bases over tax bases of property and equipment |  |  | 1,045,974 |  |  |  | 1,091,725 |
Deferred tax asset, net |  | $ | 1,260,121 |  |  | $ | 1,235,423 |
Valuation allowance |  |  | (1,260,121 | ) |  |  | (1,235,423 | )
Net deferred tax |  | $ | - |  |  | $ | - |
Schedule of Reconciliation of Provision for Income Taxes to Income Taxes Computed | A reconciliation of the provision for income taxes to income taxes computed using the federal statutory rate for years ended March 31 follows:
|  | 2019 |  |  | 2018 |
Tax expense at federal statutory rate (1) |  | $ | (2,719 | ) |  | $ | (98,858 | )
Statutory depletion carryforward |  |  | (24,409 | ) |  |  | (8,361 | )
Change in valuation allowance |  |  | 24,698 |  |  |  | (362,908 | )
U. S. tax reform, corporate rate reduction |  |  | - |  |  |  | 466,020 |
Permanent differences |  |  | 3,812 |  |  |  | 3,506 |
Other |  |  | (1,382 | ) |  |  | 601 |
Total income tax |  | $ | - |  |  | $ | - |
Effective income tax rate |  |  | - |  |  |  | - |
| (1) | The federal statutory rate was 21% for fiscal year ending March 31, 2019 and 30.75% for fiscal year ending March 31, 2018.
Schedule of Reconciliation of Beginning and Ending Balances of Unrecognized Tax Benefits | A reconciliation of the beginning and ending balances of unrecognized tax benefits is as follows for the years ended March 31, 2019 and 2018:
|  | 2019 |  |  | 2018 |
Unrecognized tax benefits at beginning of period |  | $ | - |  |  | $ | 745,000 |
Change based on tax positions related to the current year |  |  | - |  |  |  | (745,000 | )
Changes to tax positions of prior years |  |  | - |  |  |  | - |
Settlements |  |  | - |  |  |  | - |
Expirations |  |  | - |  |  |  | - |
Unrecognized tax benefits at end of period |  | $ | - |  |  | $ | - |

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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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