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v3.24.1.1.u2

Subsequent Events (Details Narrative) | 1 Months Ended | 12 Months Ended |
--- | --- | --- | ---
May 31, 2024 USD ($) | Apr. 30, 2024 USD ($) Wells $ / shares shares | Mar. 31, 2024 USD ($) $ / shares shares | Mar. 31, 2023 USD ($) $ / shares shares | Dec. 31, 2022 USD ($)
Subsequent Event [Line Items] |  |  |  |  |
Stock authorized repurchased shares of common stock |  |  |  |  | $ 1,000,000
Common stock par value | $ / shares |  |  | $ 0.50 | $ 0.50 |
Stock repurchased during the period | shares |  |  | 50,101 | 18,416 |
Stock repurchased during the period, aggregate cost |  |  | $ 585,035 | $ 244,494 |
Share price | $ / shares |  |  | $ 11.68 | $ 13.28 |
Stock options shares exercised | shares |  |  | 5,500 | 5,000 |
Proceeds from option exercise |  |  | $ 19,662 | $ 16,700 |
Board of Directors [Member] |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |
Stock authorized repurchased shares of common stock |  | $ 1,000,000 |  |  |
Subsequent Event [Member] |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |
Special dividend | $ / shares |  | $ 0.10 |  |  |
Dividends payable declared and paid dates |  | shareholders of record at the close of business on May 21, 2024. The regular annual dividend was paid on June 4, 2024. |  |  |
Stock authorized repurchased shares of common stock |  | $ 414,965 |  |  |
Stock repurchased during the period | shares |  | 13,766 |  |  |
Stock repurchased during the period, aggregate cost |  | $ 188,637 |  |  |
Share price | $ / shares |  | $ 13.70 |  |  |
Purchase price | Wells |  | 21 |  |  |
Purchase price |  | $ 158,000 |  |  |
Stock options shares exercised | shares |  | 12,367 |  |  |
Proceeds from option exercise |  | $ 77,641 |  |  |
Additional fund | $ 200,000 |  |  |  |
Equity investment limited liability | 2,000,000 |  |  |  |
Subsequent Event [Member] | NEW MEXICO |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |
Proceeds from option exercise |  | 207,800 |  |  |
Subsequent Event [Member] | NEW MEXICO | Bone Spring Sand Formation [Member] |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |
Proceeds from option exercise | $ 90,000 |  |  |  |
Subsequent Event [Member] | Board of Directors [Member] |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |
Stock authorized repurchased shares of common stock |  | $ 1,000,000 |  |  |
Common stock par value | $ / shares |  | $ 0.50 |  |  |
Stock repurchased during the period | shares |  | 13,766 |  |  |
Stock repurchased during the period, aggregate cost |  | $ 188,637 |  |  |

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