Consolidated Balance Sheets - USD ($)	Mar. 31, 2019	Mar. 31, 2018
Current assets
Cash and cash equivalents	$ 128,252	$ 492,610
Accounts receivable:
Oil and natural gas sales	349,600	395,991
Trade		436,249
Note receivable	30,421
Prepaid costs and expenses	53,735	47,583
Total current assets	562,008	1,372,433
Property and equipment, at cost
Oil and gas properties, using the full cost method	35,907,677	35,224,784
Other	113,043	107,484
Accumulated depreciation, depletion and amortization	(27,255,451)	(26,453,025)
Property and equipment, net	8,765,269	8,879,243
Other noncurrent assets	122,407	149,278
Total assets	9,449,684	10,400,954
Current liabilities
Accounts payable and accrued expenses	166,113	446,815
Total current liabilities	166,113	446,815
Long-term debt		700,000
Asset retirement obligations	854,034	852,553
Total liabilities	1,020,147	1,999,368
Commitments and contingencies
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; 2,107,166 and 2,104,266 share issued; 2,040,166 and 2,037,266 outstanding As of March 31, 2019 and 2018, respectively	1,053,583	1,052,133
Additional paid-in capital	7,305,048	7,265,601
Retained earnings	416,907	429,853
Treasury stock, at cost (67,000 shares)	(346,001)	(346,001)
Total stockholders' equity	8,429,537	8,401,586
Total liabilities and stockholders' equity	$ 9,449,684	$ 10,400,954