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Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 2,855,066 $ 155,932
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 87,573 55,678
Depreciation, depletion and amortization 1,345,435 906,361
Accretion of asset retirement obligations 28,560 28,548
PPP loan forgiveness (68,574)
Amortization of debt issuance costs 12,526 12,526
Changes in operating assets and liabilities:    
Increase in accounts receivable (658,351) (367,089)
(Increase) decrease in right-of-use asset (109,062) 55,269
(Increase) decrease in prepaid expenses (4,740) 2,292
Increase in accounts payable and accrued expenses 95,140 3,223
Increase (decrease) in operating lease liability 107,959 (54,739)
Settlement of asset retirement obligations (15,699) (19,380)
Net cash provided by operating activities 3,744,407 710,047
Cash flows from investing activities:    
Additions to oil and gas properties (1,888,695) (1,592,023)
Additions to other property and equipment (3,215)
Drilling refund 241,702 136,236
Investment in limited liability company at cost (75,000) (50,000)
Proceeds from sale of oil and gas properties and equipment 11,969 121,378
Net cash used in investing activities (1,710,024) (1,387,624)
Cash flows from financing activities:    
Proceeds from exercise of stock options 458,570 247,435
Proceeds from long-term debt 275,000 935,000
Proceeds from PPP loan 68,574
Reduction of long-term debt (1,455,000) (550,000)
Net cash (used in) provided by financing activities (721,430) 701,009
Net increase in cash and cash equivalents 1,312,953 23,432
Cash and cash equivalents at beginning of period 57,813 34,381
Cash and cash equivalents at end of period 1,370,766 57,813
Supplemental disclosure of cash flow information:    
Cash paid for interest 14,834 39,269
Accrued capital expenditures included in accounts payable 2,280 4,523
Non-cash investing and financing activities:    
Asset retirement obligations 14,333 17,587
Operating lease – right of use asset and associated liabilities $ 165,007 $ 9,360