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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income (loss) $ 36,451 $ (484,722)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Stock-based compensation 6,448 13,775
Depreciation, depletion and amortization 421,658 596,765
Accretion of asset retirement obligations 7,406 16,557
Changes in operating assets and liabilities:    
Decrease in accounts receivable 341,509 62,991
Decrease (increase) in prepaid expenses 10,398 (139)
(Decrease) increase in accounts payable and accrued expenses (323,396) 127,737
Settlement of asset retirement obligations (1,937) (6,529)
Net cash provided by operating activities 498,537 326,435
Cash flows from investing activities:    
Additions to oil and gas properties (438,621) (481,005)
Drilling refund 19,500
Proceeds from sale of oil and gas properties and equipment 31,876 549,507
Change in note receivable (3,783)
Net cash (used in) provided by investing activities (410,528) 88,002
Cash flows from financing activities:    
Proceeds from exercise of stock options 18,241
Reduction of long-term debt (250,000) (432,000)
Net cash used in financing activities (231,759) (432,000)
Net decrease in cash and cash equivalents (143,750) (17,563)
Cash and cash equivalents at beginning of period 492,610 73,451
Cash and cash equivalents at end of period 348,860 55,888
Supplemental disclosure of cash flow information:    
Cash paid for interest 14,447 54,884
Non-cash investing and financing activities:    
Asset retirement obligations $ 4,697 $ 4,167