XML 20 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (12,946) $ (321,489)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Stock-based compensation 22,656 20,753
Depreciation, depletion and amortization 802,425 880,419
Accretion of asset retirement obligations 27,775 31,460
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable 482,640 (437,083)
Increase in prepaid expenses (6,152) (11,258)
Increase in current assets (5,202)
(Decrease) increase in accounts payable and accrued expenses (284,219) 303,831
Settlement of asset retirement obligations (14,649) (25,609)
Net cash provided by operating activities 1,012,328 441,024
Cash flows from investing activities:    
Additions to oil and gas properties (812,140) (1,092,657)
Additions to other property and equipment (5,559)  
Drilling refunds 108,646
Proceeds from sale of oil and gas properties and equipment 162,304 3,162,146
Net cash (used in) provided by investing activities (655,395) 2,178,135
Cash flows from financing activities:    
Reduction of long-term debt (700,000) (2,200,000)
Debt issuance costs (39,532)
Proceeds from exercise of stock options 18,241
Net cash used in financing activities (721,291) (2,200,000)
Net (decrease) increase in cash and cash equivalents (364,358) 419,159
Cash and cash equivalents at beginning of period 492,610 73,451
Cash and cash equivalents at end of period 128,252 492,610
Supplemental disclosure of cash flow information:    
Cash paid for interest 21,120 94,880
Non-cash investing and financing activities:    
Asset retirement obligations $ 8,658 $ 6,689