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Derivative Financial Instruments (Tables)
9 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Realized and Unrealized Losses On Derivative Contracts

The following tables summarizes the amounts of the Company’s realized and unrealized losses on derivative contracts listed as loss on derivative instruments in the Company’s consolidated statements of operations for the nine months ended December 31, 2020.

 

    Loss Recognized  
Realized loss on oil price hedging contracts   $ (19,200 )
Unrealized gain (loss) on oil price hedging contracts     -  
Net realized and unrealized loss on derivative contracts   $ (19,200 )