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Oil and Natural Gas Costs (Tables) | 12 Months Ended
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Mar. 31, 2020
Extractive Industries [Abstract] |
Schedule of Cost Related to Oil and Gas Activities | The costs related to the Company’s oil and natural gas activities were incurred as follows for the years ended March 31:
|  | 2020 |  |  | 2019 |
Property acquisition costs: |  |  |  |  |  |  |  |
Proved |  | $ | - |  |  | $ | - |
Unproved |  |  | - |  |  |  | - |
Exploration |  |  | 168 |  |  |  | 14,555 |
Development |  |  | 1,687,499 |  |  |  | 803,602 |
Capitalized asset retirement obligations |  |  | 19,512 |  |  |  | 8,658 |
Total costs incurred for oil and gas properties |  | $ | 1,707,179 |  |  | $ | 826,815 |
Schedule of Aggregate Capitalized Costs Relating Oil and Gas Property Activities | The Company had the following aggregate capitalized costs relating to its oil and gas property activities at March 31:
|  | 2020 |  |  | 2019 |
Proved oil and gas properties |  | $ | 37,465,172 |  |  | $ | 35,907,677 |
Unproved oil and gas properties: |  |  |  |  |  |  |  |
subject to amortization |  |  | - |  |  |  | - |
not subject to amortization |  |  | - |  |  |  | - |
|  |  | 37,465,172 |  |  |  | 35,907,677 |
Less accumulated DD&A |  |  | 28,003,961 |  |  |  | 27,154,343 |
|  | $ | 9,461,211 |  |  | $ | 8,753,334 |

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- Definition Tabular disclosure of aggregate capitalized costs relating to an enterprise's oil and gas producing activities and the aggregate related accumulated depreciation, depletion, amortization, and valuation allowances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61926-109447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61901-109447 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 55 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=34713648&loc=d3e63019-109448 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61929-109447 + Details
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- Definition Tabular disclosure of the aggregate of costs (whether the costs are capitalized or charged to expense at the time they are incurred ) incurred for the year in oil and gas property acquisition, exploration and development activities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62059-109447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 55 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=34713648&loc=d3e63042-109448 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 18 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62014-109447 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62038-109447 + Details
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