XML 18 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating revenues:    
Total operating revenues $ 2,799,004 $ 2,738,540
Operating expenses:    
Production 871,963 914,649
Accretion of asset retirement obligation 28,548 27,235
Depreciation, depletion and amortization 906,361 853,801
General and administrative 833,431 1,006,531
Total operating expenses 2,640,303 2,802,216
Operating income (loss) 158,701 (63,676)
Other income (expenses):    
Interest income 706 1,854
Interest expense (53,232) (37,656)
PPP loan forgiveness 68,957
Loss on derivative instruments (19,200)
Net other expense (2,769) (35,802)
Income (loss) before provision for income taxes 155,932 (99,478)
Income tax
Net income (loss) $ 155,932 $ (99,478)
Income (loss) per common share:    
Basic: $ 0.08 $ (0.05)
Diluted: $ 0.08 $ (0.05)
Weighted average common shares outstanding:    
Basic: 2,050,678 2,040,166
Diluted: 2,062,070 2,040,166
Oil Sales [Member]    
Operating revenues:    
Total operating revenues $ 2,028,792 $ 2,310,127
Natural Gas Sales [Member]    
Operating revenues:    
Total operating revenues 744,987 410,226
Other [Member]    
Operating revenues:    
Total operating revenues $ 25,225 $ 18,187