Consolidated Balance Sheets - USD ($)	Mar. 31, 2016	Mar. 31, 2015
Current assets
Cash and cash equivalents	$ 34,013	$ 96,084
Accounts receivable:
Oil and gas sales	248,145	384,485
Trade	29,880	64,584
Prepaid costs and expenses	43,284	44,618
Total current assets	355,322	589,771
Property and equipment, at cost
Oil and gas properties, using the full cost method	40,365,197	40,563,443
Other	107,484	106,792
Accumulated depreciation, depletion and amortization	(24,395,184)	(19,838,036)
Property and equipment, net	16,077,497	20,832,199
Other noncurrent assets	34,441	48,980
Total assets	16,467,260	21,470,950
Current liabilities
Accounts payable and accrued expenses	332,172	423,121
Long-term debt	5,580,000	5,950,000
Asset retirement obligations	$ 1,211,077	1,230,216
Deferred income tax liabilities		660,870
Total liabilities	$ 7,123,249	$ 8,264,207
Stockholders' equity
Preferred stock - $1.00 par value; 10,000,000 shares authorized; none outstanding
Common stock - $0.50 par value; 40,000,000 shares authorized; 2,104,266 shares issued and 2,037,266 shares outstanding as of March 31, 2016 and 2015, respectively	$ 1,052,133	$ 1,052,133
Additional paid-in capital	7,191,984	7,075,031
Retained earnings	1,445,895	5,425,580
Treasury stock, at cost (67,000 shares)	(346,001)	(346,001)
Total stockholders' equity	9,344,011	13,206,743
Total liabilities and stockholders' equity	$ 16,467,260	$ 21,470,950

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.