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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 241,951 $ 291,039
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income tax (benefit) expense (38,685) 74,615
Stock-based compensation 51,208 52,439
Depreciation, depletion and amortization 675,270 539,697
Accretion of asset retirement obligations 7,973 7,711
Amortization of debt issuance costs 1,075 1,075
Changes in operating assets and liabilities    
Decrease in accounts receivable 256,816 45,041
Decrease in prepaid expenses 8,176 4,747
Decrease (increase) in right-of-use asset 12,325 (143,648)
Increase in accounts payable and accrued expenses 51,461 61,874
Settlement of asset retirement obligations (7,284) (11,529)
Increase in income taxes payable 115,316 11,905
(Decrease) increase in operating lease liability (12,325) 143,648
Net cash provided by operating activities 1,363,277 1,078,614
Cash flows from investing activities:    
Additions to oil and gas properties (372,300) (517,387)
Investments in limited liability companies at cost (200,000)
Proceeds from sale of oil and gas properties and equipment 6,390
Net cash used in investing activities (365,910) (717,387)
Cash flows from financing activities:    
Proceeds from exercise of stock options 77,641
Dividends paid (204,600) (209,000)
Acquisition of treasury stock (188,637)
Net cash used in financing activities (204,600) (319,996)
Net increase in cash and cash equivalents 792,767 41,231
Cash and cash equivalents at beginning of period 1,753,955 2,473,484
Cash and cash equivalents at end of period 2,546,722 2,514,715
Supplemental disclosure of cash flow information:    
Cash paid for interest 9
Cash paid for income taxes
Accrued capital expenditures included in accounts payable 55,949 4,727
Non-cash investing and financing activities:    
Asset retirement obligations $ 862 $ 1,130