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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net (loss) income $ (136,973) $ 36,451
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Stock-based compensation 16,250 6,448
Depreciation, depletion and amortization 419,967 421,658
Accretion of asset retirement obligations 13,337 7,406
Amortization of debt issuance costs 7,188
Changes in operating assets and liabilities:    
Decrease in accounts receivable 456 341,509
Decrease in right-of-use asset 32,628
Decrease in prepaid expenses 14,568 10,398
Decrease in other assets 30,421
Decrease in accounts payable and accrued expenses (13,956) (323,396)
Settlement of asset retirement obligations (8,694) (1,937)
Decrease in operating lease liability (32,254)
Net cash provided by operating activities 342,938 498,537
Cash flows from investing activities:    
Additions to oil and gas properties (842,139) (438,621)
Investment - cost basis (100,000)
Proceeds from sale of oil and gas properties and equipment 26,448 31,876
Change in note receivable (3,783)
Net cash used in investing activities (915,691) (410,528)
Cash flows from financing activities:    
Proceeds from exercise of stock options 18,241
Proceeds from long-term debt 555,000
Reduction of long-term debt (40,000) (250,000)
Net cash provided by (used in) financing activities 515,000 (231,759)
Net decrease in cash and cash equivalents (57,753) (143,750)
Cash and cash equivalents at beginning of period 128,252 492,610
Cash and cash equivalents at end of period 70,499 348,860
Supplemental disclosure of cash flow information:    
Cash paid for interest 7,395 14,447
Non-cash investing and financing activities:    
Asset retirement obligations 10,421 4,697
Operating lease - right of use asset and associated liabilities $ 141,385