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Asset Retirement Obligations (Tables)
12 Months Ended
Mar. 31, 2020
Asset Retirement Obligation Disclosure [Abstract]  
Schedule of Rollforward of Asset Retirement Obligations

The following table provides a rollforward of the asset retirement obligations for fiscal years ended March 31:

 

    2020     2019  
Carrying amount of asset retirement obligations, beginning of year   $ 861,534     $ 862,553  
Liabilities incurred     19,512       8,658  
Liabilities settled     (145,520 )     (27,452 )
Accretion expense     27,235       27,775  
Revisions     -       (10,000 )
Carrying amount of asset retirement obligations, end of year     762,761       861,534  
Less: Current portion     7,500       7,500  
Non-Current asset retirement obligation   $ 755,261     $ 854,034