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Subsequent Events | 12 Months Ended
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Mar. 31, 2025
Subsequent Events [Abstract] |
Subsequent Events | 16. Subsequent Events On May 13, 2025, the Company announced that its Board declared a regular annual dividend of $0.10 per common share to its shareholders of record at the close of business on June 2, 2025. The regular annual dividend in the amount of $204,600 was paid on June 16, 2025. In June 2025, the Company expended approximately $116,000 to participate in the drilling of 5 horizontal wells in the Bone Spring Sand formation of the Delaware Basin in Eddy County, New Mexico. The Company completed a review and analysis of all events that occurred after the consolidated balance sheet date to determine if any such events must be reported and has determined that there are no other subsequent events to be disclosed.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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