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v3.23.2

Consolidated Statements of Operations - USD ($) | 12 Months Ended
--- | ---
Mar. 31, 2023 | Mar. 31, 2022
Operating revenues: |  |
Total operating revenues | $ 9,557,289 | $ 6,587,780
Operating expenses: |  |
Production | 1,719,719 | 1,281,112
Accretion of asset retirement obligation | 30,532 | 28,560
Depreciation, depletion and amortization | 1,854,047 | 1,345,435
General and administrative | 1,120,691 | 949,079
Total operating expenses | 4,724,989 | 3,604,186
Operating income | 4,832,300 | 2,983,594
Other income (expenses): |  |
Interest income | 8,009 | 340
Interest expense | (13,097) | (26,512)
Net other expense | (5,088) | (26,172)
Income before provision for income taxes | 4,827,212 | 2,957,422
State income tax expense | 164,510 | 102,356
Net income | $ 4,662,702 | $ 2,855,066
Income per common share: |  |
Basic: | $ 2.17 | $ 1.36
Diluted: | $ 2.11 | $ 1.32
Weighted average common shares outstanding: |  |
Basic: | 2,146,491 | 2,104,896
Diluted: | 2,208,663 | 2,158,091
Oil Sales [Member] |  |
Operating revenues: |  |
Total operating revenues | $ 6,522,163 | $ 4,685,094
Natural Gas Sales [Member] |  |
Operating revenues: |  |
Total operating revenues | 2,858,460 | 1,840,170
Other [Member] |  |
Operating revenues: |  |
Total operating revenues | $ 176,666 | $ 62,516

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