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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 465,614 $ 1,298,672
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income tax expense 88,683
Stock-based compensation 54,975 25,571
Depreciation, depletion and amortization 486,186 387,128
Accretion of asset retirement obligations 7,356 7,519
Amortization of debt issuance costs 1,081 3,131
Changes in operating assets and liabilities    
Decrease (increase) in accounts receivable 469,846 (222,248)
Decrease in prepaid expenses 12,528 14,266
Decrease in right-of-use asset 13,894 13,384
Increase (decrease) in accounts payable and accrued expenses 32,111 (12,364)
Settlement of asset retirement obligations (2,185) (6,077)
Decrease in operating lease liability (13,894) (13,384)
Net cash provided by operating activities 1,616,195 1,495,598
Cash flows from investing activities:    
Additions to oil and gas properties (542,840) (2,320,974)
Additions to other property and equipment (1,718)
Investments in limited liability companies at cost (25,000)
Drilling refund 18,329
Proceeds from sale of oil and gas properties and equipment 278,749
Net cash used in investing activities (264,091) (2,329,363)
Cash flows from financing activities:    
Proceeds from exercise of stock options 2,962
Dividends paid (213,600)
Debt issuance costs (750)
Net cash used in financing activities (211,388)
Net increase (decrease) in cash and cash equivalents 1,140,716 (833,765)
Cash and cash equivalents at beginning of period 2,235,771 1,370,766
Cash and cash equivalents at end of period 3,376,487 537,001
Non-cash investing and financing activities:    
Asset retirement obligations $ 1,080 $ 14,668