Consolidated Balance Sheets - USD ($)	Sep. 30, 2020	Mar. 31, 2020
Current assets
Cash and cash equivalents	$ 62,678	$ 34,381
Accounts receivable:
Oil and natural gas sales	320,772	271,315
Trade	592	13,382
Prepaid costs and expenses	23,901	50,188
Total current assets	407,943	369,266
Property and equipment, at cost
Oil and gas properties, using the full cost method	38,022,952	37,465,172
Other	120,208	116,993
Accumulated depreciation, depletion and amortization	(28,569,491)	(28,109,252)
Property and equipment, net	9,573,669	9,472,913
Investment - cost basis	175,000	150,000
Operating lease, right-of-use asset	53,113	76,130
Other noncurrent assets	44	2,200
Total assets	10,209,769	10,070,509
Current liabilities
Accounts payable and accrued expenses	112,288	116,760
Operating lease liability, current	54,912	65,721
Total current liabilities	167,200	182,481
Long-term liabilities
Long-term debt	1,143,686	757,423
PPP loan payable	68,574
Operating lease liability, long-term		10,982
Asset retirement obligations	770,204	755,261
Total long-term liabilities	1,982,464	1,523,666
Total liabilities	2,149,664	1,706,147
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; 2,108,666 and 2,107,166 shares issued; 2,041,666 and 2,040,166 shares outstanding as of September 30, 2020 and March 31, 2020, respectively	1,054,333	1,053,583
Additional paid-in capital	7,375,984	7,339,351
Retained (losses) earnings	(24,211)	317,429
Treasury stock, at cost (67,000 shares)	(346,001)	(346,001)
Total stockholders' equity	8,060,105	8,364,362
Total liabilities and stockholders' equity	$ 10,209,769	$ 10,070,509