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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 1,298,672 $ 395,006
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 25,571 13,865
Depreciation, depletion and amortization 387,128 264,320
Accretion of asset retirement obligations 7,519 7,058
Amortization of debt issuance costs 3,131 3,131
Changes in operating assets and liabilities    
Increase in accounts receivable (222,248) (68,135)
Decrease in prepaid expenses 14,266 10,530
Decrease (increase) in right-of-use asset 13,384 (148,881)
(Decrease) increase in accounts payable and accrued expenses (12,364) 40,918
Settlement of asset retirement obligations (6,077) (291)
(Decrease) increase in operating lease liability (13,384) 148,533
Net cash provided by operating activities 1,495,598 666,054
Cash flows from investing activities:    
Additions to oil and gas properties (2,320,974) (302,976)
Additions to other property and equipment (1,718)
Investment in limited liability company at cost (25,000)
Drilling refund 18,329
Proceeds from sale of oil and gas properties and equipment 5,863
Net cash used in investing activities (2,329,363) (297,113)
Cash flows from financing activities:    
Proceeds from exercise of stock options 34,000
Reduction of long-term debt (480,000)
Proceeds from long-term debt 100,000
Net cash used in financing activities (346,000)
Net (decrease) increase in cash and cash equivalents (833,765) 22,941
Cash and cash equivalents at beginning of period 1,370,766 57,813
Cash and cash equivalents at end of period 537,001 80,754
Supplemental disclosure of cash flow information:    
Cash paid for interest 10,040
Non-cash investing and financing activities:    
Asset retirement obligations 14,668 3,329
Operating lease – right of use asset and associated liabilities $ 165,007