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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net income $ 615,702 $ 1,077,370
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income tax benefit (27,083) (155,686)
Stock-based compensation 134,121 155,699
Depreciation, depletion and amortization 2,002,182 1,760,409
Accretion of asset retirement obligations 24,069 23,229
Amortization of debt issuance costs 3,224 3,224
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable 405,580 (75,618)
Decrease (increase) in right-of-use asset 37,820 (119,314)
Decrease in prepaid expenses 34,508 30,143
(Decrease) increase in accounts payable and accrued expenses (88,120) 15,651
Settlement of asset retirement obligations (23,869) (16,088)
(Decrease) increase in income taxes payable (149,482) 122,782
(Decrease) increase in operating lease liability (37,820) 119,314
Net cash provided by operating activities 2,930,832 2,941,115
Cash flows from investing activities:    
Additions to oil and gas properties (1,791,507) (3,072,589)
Investment in limited liability companies at cost (427,429) (800,000)
Proceeds from sale of oil and gas properties and equipment 6,389 202,570
Net cash used in investing activities (2,212,547) (3,670,019)
Cash flows from financing activities:    
Proceeds from exercise of stock options 77,641
Proceeds from long-term debt 650,000
Reduction of long-term debt (650,000)
Dividends paid (204,600) (209,000)
Acquisition of treasury stock (703,216)
Net cash used in financing activities (204,600) (834,575)
Net increase (decrease) in cash and cash equivalents 513,685 (1,563,479)
Cash and cash equivalents at beginning of period 1,753,955 2,473,484
Cash and cash equivalents at end of period 2,267,640 910,005
Supplemental disclosure of cash flow information:    
Cash paid for interest 7 1,802
Cash paid for income taxes 362,802 200,683
Accrued capital expenditures included in accounts payable 3,939 4,991
Non-cash investing and financing activities:    
Asset retirement obligations $ 4,562 $ 3,631