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CONSOLIDATED BALANCE SHEETS (Restated) - USD ($)
Sep. 30, 2020
Mar. 31, 2020
ASSETS    
Cash $ 1,112,965 $ 656,615
Accounts Receivable, Net of Allowance 145,362 255,363
Other Current Assets 220,682 220,682
Total Current Assets 1,479,009 1,132,660
Property and Equipment    
Oil and Gas Properties - Subject to Amortization 50,413,792 50,443,883
Oil and Gas Properties - Not Subject to Amortization 28,016,989 28,016,989
Other Property and Equipment 1,570 1,570
Total Property and Equipment 78,432,351 78,462,442
Accumulated Depletion, Depreciation, Amortization and Impairment (78,356,957) (78,351,825)
Total Property and Equipment, Net 75,394 110,617
Equity Method Investment-ElysiumEnergy,llc 0 957,169
Notes Receivable 10,241,048 7,339,719
Other Assets 0 155,053
Total Assets 11,795,451 9,695,218
Current Liabilities    
Accounts Payable 1,455,898 1,474,221
Common Stock Payable 0 173,000
Accrued Expenses 107,621 348,460
Current Asset Retirement Obligations 25,766 30,227
Current Income Taxes Payable 3,000 3,000
Derivative Liability 96,751,178 77,636,666
Total Current Liabilities 98,343,463 79,665,574
Long-term Notes Payable, Net of Discount 0 0
Asset Retirement Obligations 20,017 41,523
Total Liabilities 98,363,480 79,707,097
Stockholders' Deficit    
Common Stock, 25,000,000 Shares Authorized of $0.001 Par Value, 5,000,000 and 13,441 Shares Issued and Outstanding, respectively 25,000 5,000
Accumulated Deficit (293,222,463) (259,601,558)
Additional Paid-in Capital 201,326,296 179,783,233
Total Stockholders' Deficit (91,871,167) (79,813,325)
Total liabilites and Stockholders Deficit 11,795,451 9,695,218
Preferred stock Seies A    
Temporary Equity    
Preferred stock value 0 0
Preferred Stock Series B    
Temporary Equity    
Preferred stock value 0 0
Preferred Stock Series C    
Temporary Equity    
Preferred stock value $ 5,303,138 $ 9,801,446