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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (99,478) $ (12,946)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Stock-based compensation 34,303 22,656
Depreciation, depletion and amortization 853,801 802,425
Accretion of asset retirement obligations 27,235 27,775
Amortization of debt issuance costs 14,221
Changes in operating assets and liabilities:    
Decrease in accounts receivable 64,903 482,640
Decrease in right-of-use asset 65,255
Decrease (increase) in prepaid expenses 3,547 (6,152)
Decrease (increase) in other assets 30,421 (5,202)
Decrease in accounts payable and accrued expenses (44,829) (284,219)
Decrease in operating lease liability (64,682)
Settlement of asset retirement obligations (19,737) (14,649)
Net cash provided by operating activities 864,960 1,012,328
Cash flows from investing activities:    
Additions to oil and gas properties (1,692,190) (812,140)
Additions to other property and equipment (3,951) (5,559)
Investment - cost basis (150,000)
Proceeds from sale of oil and gas properties and equipment 104,576 162,304
Net cash used in investing activities (1,741,565) (655,395)
Cash flows from financing activities:    
Reduction of long-term debt (490,000) (700,000)
Proceeds from long-term debt 1,285,000
Debt issuance costs (12,266) (39,532)
Proceeds from exercise of stock options 18,241
Net cash provided by (used in) financing activities 782,734 (721,291)
Net decrease in cash and cash equivalents (93,871) (364,358)
Cash and cash equivalents at beginning of period 128,252 492,610
Cash and cash equivalents at end of period 34,381 128,252
Supplemental disclosure of cash flow information:    
Cash paid for interest 23,276 21,120
Accrued capital expenditures included in accounts payable 15,437 19,959
Non-cash investing and financing activities:    
Asset retirement obligations 19,512 8,658
Operating lease - right of use asset and associated liabilities $ 141,385