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Income Taxes (Tables) | 12 Months Ended
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Mar. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Income Tax Provision | The income tax provision consists of the following for the years months ended March 31, 2024 and 2023: Schedule of Income Tax Provision
|  | 2024 |  |  | 2023 |
|  | Year Ended |
|  | March 31 |
|  | 2024 |  |  | 2023 |
Current income tax expense: |  |  |  |  |  |  |  |
Federal |  | $ | 189,254 |  |  | $ | - |
State |  |  | 119,629 |  |  |  | 164,510 |
Total current income tax expense |  | $ | 308,883 |  |  | $ | 164,510 |
Deferred income tax expense: |  |  |  |  |  |  |  |
Federal |  |  | 311,661 |  |  |  | - |
State |  |  | - |  |  |  | - |
Total deferred income tax expense |  | $ | 311,661 |  |  | $ | - |
Total income tax expense: |  | $ | 620,544 |  |  | $ | 164,510 |
Schedule of Components of Net Deferred Tax Assets (Liabilities) | GAAP requires deferred income tax assets and liabilities to be measured at the enacted tax rate expected to apply when temporary differences are to be realized or settled. Significant components of net deferred tax assets (liabilities) at March 31 are as follows: Schedule of Components of Net Deferred Tax Assets (Liabilities)
|  | 2024 |  |  | 2023 |
Deferred tax assets: |  |  |  |  |  |  |  |
Percentage depletion carryforwards |  | $ | 1,281,990 |  |  | $ | 1,375,131 |
Deferred stock-based compensation |  |  | 15,745 |  |  |  | 22,041 |
Asset retirement obligation |  |  | 150,950 |  |  |  | 153,358 |
Net operating loss |  |  | 151,193 |  |  |  | 665,386 |
Other |  |  | 35,345 |  |  |  | 11,642 |
Total deferred tax assets |  | $ | 1,635,223 |  |  | $ | 2,227,558 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Excess financial accounting bases over tax bases of property and equipment |  |  | 1,946,884 |  |  |  | 2,223,980 |
Deferred tax liability, net |  | $ | 311,661 |  |  | $ | 3,578 |
Valuation allowance |  |  | - |  |  |  | (3,578 | )
Net deferred tax |  | $ | 311,661 |  |  | $ | - |
Schedule of Reconciliation of Provision for Income Taxes | A reconciliation of the provision for income taxes to income taxes computed using the federal statutory rate for years ended March 31 follows: Schedule of Reconciliation of Provision for Income Taxes
|  | 2024 |  |  | 2023 |
Tax expense at federal statutory rate (1) |  | $ | 412,754 |  |  | $ | 979,167 |
Statutory depletion carryforward |  |  | 152,054 |  |  |  | (257,509 | )
Change in valuation allowance |  |  | (3,578 | ) |  |  | (749,912 | )
U. S. tax reform, corporate rate reduction |  |  | - |  |  |  | - |
Permanent differences |  |  | 46,819 |  |  |  | 28,196 |
State income expense, net of federal benefit |  |  | 94,507 |  |  |  | 164,510 |
Other |  |  | (82,012 | ) |  |  | 58 |
Total income tax |  | $ | 620,544 |  |  | $ | 164,510 |
Effective income tax rate |  |  | 31.6 | % |  |  | 3.4 | %
| (1) | The federal statutory rate was 21% for fiscal years ending March 31, 2024 and 2023.

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