Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Mar. 31, 2018
Current assets
Cash and cash equivalents	$ 105,545	$ 492,610
Accounts receivable:
Oil and gas sales	344,967	395,991
Trade	10,768	436,249
Note receivable	29,948
Prepaid costs and expenses	21,347	47,583
Total current assets	512,575	1,372,433
Property and equipment, at cost
Oil and gas properties, using the full cost method	35,868,353	35,224,784
Other	107,484	107,484
Accumulated depreciation, depletion and amortization	(27,070,889)	(26,453,025)
Property and equipment, net	8,904,948	8,879,243
Other noncurrent assets	22,593	149,278
Total assets	9,440,116	10,400,954
Current liabilities
Accounts payable and accrued expenses	115,942	446,815
Total current liabilities	115,942	446,815
Long-term debt		700,000
Asset retirement obligations	866,420	852,553
Total liabilities	982,362	1,999,368
Commitments and contingencies
Stockholders' equity
Preferred stock - $1.00 par value; 10,000,000 shares authorized; none outstanding
Common stock - $0.50 par value; 40,000,000 shares authorized; 2,107,166 and 2,104,266 shares issued; 2,040,166 and 2,037,266 shares outstanding As of December 31, 2018 and March 31, 2018, respectively	1,053,583	1,052,133
Additional paid-in capital	7,296,944	7,265,601
Retained earnings	453,228	429,853
Treasury stock, at cost - (67,000 shares)	(346,001)	(346,001)
Total stockholders' equity	8,457,754	8,401,586
Total liabilities and stockholders' equity	$ 9,440,116	$ 10,400,954

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Name:	us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 8
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130549-203045

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682