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Income Taxes (Tables) | 12 Months Ended
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Mar. 31, 2020
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:
|  | 2020 |  |  | 2019 |
Deferred tax assets: |  |  |  |  |  |  |  |
Percentage depletion carryforwards |  | $ | 1,167,594 |  |  | $ | 1,136,210 |
Deferred stock-based compensation |  |  | 36,568 |  |  |  | 34,771 |
Asset retirement obligation |  |  | 160,180 |  |  |  | 180,922 |
Net operating loss |  |  | 1,248,528 |  |  |  | 948,722 |
Other |  |  | 7,372 |  |  |  | 5,470 |
|  |  | 2,620,242 |  |  |  | 2,306,095 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Excess financial accounting bases over tax bases of property and equipment |  |  | 1,313,271 |  |  |  | 1,045,974 |
Deferred tax asset, net |  | $ | 1,306,971 |  |  | $ | 1,260,121 |
Valuation allowance |  |  | (1,306,971 | ) |  |  | (1,260,121 | )
Net deferred tax |  | $ | - |  |  | $ | - |
Schedule of Reconciliation of Provision for Income Taxes | A reconciliation of the provision for income taxes to income taxes computed using the federal statutory rate for years ended March 31 follows:
|  | 2020 |  |  | 2019 |
Tax expense at federal statutory rate (1) |  | $ | (20,891 | ) |  | $ | (2,719 | )
Statutory depletion carryforward |  |  | (31,384 | ) |  |  | (24,409 | )
Change in valuation allowance |  |  | 46,850 |  |  |  | 24,698 |
U. S. tax reform, corporate rate reduction |  |  | - |  |  |  | - |
Permanent differences |  |  | 5,427 |  |  |  | 3,812 |
Other |  |  | (2 | ) |  |  | (1,382 | )
Total income tax |  | $ | - |  |  | $ | - |
Effective income tax rate |  |  | - |  |  |  | - |
| (1) | The federal statutory rate was 21% for fiscal years ending March 31, 2020 and 2019.

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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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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