Consolidated Balance Sheets - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Current assets
Cash and cash equivalents	$ 34,381	$ 128,252
Accounts receivable:
Oil and natural gas sales	271,315	349,600
Trade	13,382
Note receivable		30,421
Prepaid costs and expenses	50,188	53,735
Total current assets	369,266	562,008
Property and equipment, at cost
Oil and gas properties, using the full cost method	37,465,172	35,907,677
Other	116,993	113,043
Accumulated depreciation, depletion and amortization	(28,109,252)	(27,255,451)
Property and equipment, net	9,472,913	8,765,269
Investment - cost basis	150,000
Operating lease, right-of-use asset	76,130
Other noncurrent assets	2,200	122,407
Total assets	10,070,509	9,449,684
Current liabilities
Accounts payable and accrued expenses	116,760	166,113
Operating lease liability, current	65,721
Total current liabilities	182,481	166,113
Long-term liabilities
Long-term debt	757,423
Operating lease liability, long-term	10,982
Asset retirement obligations	755,261	854,034
Total long-term liabilities	1,523,666	854,034
Total liabilities	1,706,147	1,020,147
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 shares issued and 2,040,166 shares outstanding as of March 31, 2020 and 2019	1,053,583	1,053,583
Additional paid-in capital	7,339,351	7,305,048
Retained earnings	317,429	416,907
Treasury stock, at cost (67,000 shares)	(346,001)	(346,001)
Total stockholders' equity	8,364,362	8,429,537
Total liabilities and stockholders' equity	$ 10,070,509	$ 9,449,684

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.

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

- Definition

Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business, classified as current.