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Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 4,662,702 $ 2,855,066
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 142,783 87,573
Depreciation, depletion and amortization 1,854,047 1,345,435
Accretion of asset retirement obligations 30,532 28,560
Amortization of debt issuance costs 12,570 12,526
Changes in operating assets and liabilities:    
Increase in accounts receivable (63,678) (658,351)
Decrease (increase) in right-of-use asset 54,294 (109,062)
Increase in prepaid expenses (8,866) (4,740)
(Decrease) increase in accounts payable and accrued expenses (33,475) 95,140
(Decrease) increase in operating lease liability (54,294) 107,959
Settlement of asset retirement obligations (80,720) (15,699)
Net cash provided by operating activities 6,515,895 3,744,407
Cash flows from investing activities:    
Additions to oil and gas properties (5,310,036) (1,888,695)
Additions to other property and equipment (1,718)
Drilling refund 295,679 241,702
Investment in limited liability companies at cost (425,000) (75,000)
Proceeds from sale of oil and gas properties and equipment 11,969
Net cash used in investing activities (5,441,075) (1,710,024)
Cash flows from financing activities:    
Proceeds from exercise of stock options 16,700 458,570
Profits from purchase of stock by insider 30,179
Proceeds from long-term debt 675,000 275,000
Debt issuance costs (12,200)
Acquisition of treasury stock (244,494)
Reduction of long-term debt (675,000) (1,455,000)
Net cash used in financing activities (209,815) (721,430)
Net increase in cash and cash equivalents 865,005 1,312,953
Cash and cash equivalents at beginning of year 1,370,766 57,813
Cash and cash equivalents at end of year 2,235,771 1,370,766
Supplemental disclosure of cash flow information:    
Cash paid for interest 528 14,834
Accrued capital expenditures included in accounts payable 28,186 2,280
Non-cash investing and financing activities:    
Asset retirement obligations 23,492 14,333
Operating lease – right of use asset and associated liabilities $ 165,007