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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 735,047 $ 2,510,388
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income tax expense 149,862
Stock-based compensation 113,823 60,002
Depreciation, depletion and amortization 868,366 771,507
Accretion of asset retirement obligations 14,896 15,349
Amortization of debt issuance costs 2,159 6,263
Changes in operating assets and liabilities:    
Decrease in accounts receivable 571,889 124,486
Decrease in right-of-use asset 27,920 26,893
Decrease in prepaid expenses 9,229 9,540
Decrease in accounts payable and accrued expenses (27,933) (63,588)
Settlement of asset retirement obligations (6,975) (15,860)
Decrease in operating lease liability (27,919) (26,893)
Net cash provided by operating activities 2,430,364 3,418,087
Cash flows from investing activities:    
Additions to oil and gas properties (1,650,812) (4,245,064)
Drilling refund 18,329
Investments in limited liability companies at cost (200,000) (25,000)
Proceeds from sale of oil and gas properties and equipment 306,513
Additions to other property and equipment (1,718)
Net cash used in investing activities (1,544,299) (4,253,453)
Cash flows from financing activities:    
Proceeds from exercise of stock options 2,962
Profits from purchase of stock by insider 30,179
Acquisition of treasury stock (325,256)
Dividends paid (213,600)
Debt issuance costs (750)
Proceeds from long-term debt 500,000
Reduction of long-term debt (500,000)
Net cash (used in) provided by financing activities (536,644) 30,179
Net increase (decrease) in cash and cash equivalents 349,421 (805,187)
Cash and cash equivalents at beginning of period 2,235,771 1,370,766
Cash and cash equivalents at end of period 2,585,192 565,579
Non-cash investing and financing activities:    
Asset retirement obligations $ 2,495 $ 21,197