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Consolidated Statements of Operations - USD ($)
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating revenues:    
Total operating revenues $ 6,587,780 $ 2,799,004
Operating expenses:    
Production 1,281,112 871,963
Accretion of asset retirement obligation 28,560 28,548
Depreciation, depletion and amortization 1,345,435 906,361
General and administrative 1,051,435 833,431
Total operating expenses 3,706,542 2,640,303
Operating income 2,881,238 158,701
Other income (expenses):    
Interest income 340 706
Interest expense (26,512) (53,232)
PPP loan forgiveness 68,957
Loss on derivative instruments (19,200)
Net other expense (26,172) (2,769)
Income before provision for income taxes 2,855,066 155,932
Income tax
Net income $ 2,855,066 $ 155,932
Income per common share:    
Basic: $ 1.36 $ 0.08
Diluted: $ 1.32 $ 0.08
Weighted average common shares outstanding:    
Basic: 2,104,896 2,050,678
Diluted: 2,158,091 2,062,070
Oil Sales [Member]    
Operating revenues:    
Total operating revenues $ 4,685,094 $ 2,028,792
Natural Gas Sales [Member]    
Operating revenues:    
Total operating revenues 1,840,170 744,987
Other [Member]    
Operating revenues:    
Total operating revenues $ 62,516 $ 25,225