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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 1,103,834 $ (341,640)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Stock-based compensation 36,433 27,948
Depreciation, depletion and amortization 544,380 460,239
Accretion of asset retirement obligations 14,303 14,424
Amortization of debt issuance costs 6,263 6,263
Changes in operating assets and liabilities:    
Increase in accounts receivable (139,453) (36,667)
(Increase) decrease in right-of-use asset (135,457) 23,017
Decrease in prepaid expenses 4,659 26,287
Increase in accounts payable and accrued expenses 16,553 7,185
Settlement of asset retirement obligations (1,052) (1,028)
Increase (decrease) in operating lease liability 134,353 (21,791)
Net cash provided by operating activities 1,584,816 164,237
Cash flows from investing activities:    
Additions to oil and gas properties (657,308) (714,079)
Drilling refunds 115,552 42,060
Investment – cost basis (25,000) (25,000)
Proceeds from sale of oil and gas properties and equipment 11,969 106,285
Additions to other property and equipment (3,215)
Net cash used in investing activities (554,787) (593,949)
Cash flows from financing activities:    
Proceeds from exercise of stock options 185,732 9,435
Proceeds from long-term debt 275,000 673,574
Reduction of long-term debt (1,455,000) (225,000)
Net cash (used in) provided by financing activities (994,268) 458,009
Net increase in cash and cash equivalents 35,761 28,297
Cash and cash equivalents at beginning of period 57,813 34,381
Cash and cash equivalents at end of period 93,574 62,678
Supplemental disclosure of cash flow information:    
Cash paid for interest 14,834 17,859
Non-cash investing and financing activities:    
Asset retirement obligations 7,472 11,269
Operating lease – right of use asset and associated liabilities $ 165,007 $ 9,360