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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating revenues:        
Total operating revenues $ 1,749,227 $ 1,406,610 $ 3,477,062 $ 3,155,029
Operating expenses:        
Production 413,405 392,674 850,825 742,081
Accretion of asset retirement obligations 7,813 7,540 15,524 14,896
Depreciation, depletion, and amortization 584,288 382,180 1,123,985 868,366
General and administrative 334,525 305,543 701,570 646,512
Total operating expenses 1,340,031 1,087,937 2,691,904 2,271,855
Operating income 409,196 318,673 785,158 883,174
Other income (expenses):        
Interest income 20,830 26,364 43,576 50,059
Interest expense (1,075) (1,079) (2,158) (2,160)
Net other income 19,755 25,285 41,418 47,899
Income before provision for income taxes 428,951 343,958 826,576 931,073
Income tax expense:        
Current 66,707 13,346 98,678 46,164
Deferred 45,046 61,179 119,661 149,862
Total income tax expense 111,753 74,525 218,339 196,026
Net income $ 317,198 $ 269,433 $ 608,237 $ 735,047
Income per common share:        
Basic: $ 0.15 $ 0.13 $ 0.29 $ 0.35
Diluted: $ 0.15 $ 0.12 $ 0.29 $ 0.34
Weighted average common shares outstanding:        
Basic: 2,073,696 2,122,336 2,082,194 2,129,213
Diluted: 2,117,804 2,174,713 2,126,565 2,178,719
Dividends declared per share $ 0.10 $ 0.10
Oil Sales [Member]        
Operating revenues:        
Total operating revenues $ 1,521,618 $ 1,099,806 $ 3,031,922 $ 2,529,484
Natural Gas Sales [Member]        
Operating revenues:        
Total operating revenues 174,235 280,904 351,987 566,316
Other [Member]        
Operating revenues:        
Total operating revenues $ 53,374 $ 25,900 $ 93,153 $ 59,229