XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating revenues:        
Total operating revenues $ 1,406,610 $ 2,324,792 $ 3,155,029 $ 4,774,765
Operating expenses:        
Production 392,674 394,445 742,081 829,473
Accretion of asset retirement obligations 7,540 7,830 14,896 15,349
Depreciation, depletion, and amortization 382,180 384,379 868,366 771,507
General and administrative 305,543 297,956 646,512 588,199
Total operating expenses 1,087,937 1,084,610 2,271,855 2,204,528
Operating income 318,673 1,240,182 883,174 2,570,237
Other income (expenses):        
Interest income 26,364 58 50,059 93
Interest expense (1,079) (3,561) (2,160) (6,692)
Net other income (expense) 25,285 (3,503) 47,899 (6,599)
Income before provision for income taxes 343,958 1,236,679 931,073 2,563,638
Income tax expense:        
Current 13,346 24,963 46,164 53,250
Deferred 61,179 149,862
Total income tax expense 74,525 24,963 196,026 53,250
Net income $ 269,433 $ 1,211,716 $ 735,047 $ 2,510,388
Income per common share:        
Basic: $ 0.13 $ 0.56 $ 0.35 $ 1.17
Diluted: $ 0.12 $ 0.55 $ 0.34 $ 1.13
Weighted average common shares outstanding:        
Basic: 2,122,336 2,149,416 2,129,213 2,149,416
Diluted: 2,174,713 2,218,511 2,178,719 2,217,627
Oil Sales [Member]        
Operating revenues:        
Total operating revenues $ 1,099,806 $ 1,397,875 $ 2,529,484 $ 2,957,196
Natural Gas Sales [Member]        
Operating revenues:        
Total operating revenues 280,904 884,020 566,316 1,740,812
Other [Member]        
Operating revenues:        
Total operating revenues $ 25,900 $ 42,897 $ 59,229 $ 76,757