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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (341,640) $ (136,973)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Stock-based compensation 27,948 16,250
Depreciation, depletion and amortization 460,239 419,967
Accretion of asset retirement obligations 14,424 13,337
Amortization of debt issuance costs 6,263 7,188
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable (36,667) 456
Decrease in right-of-use asset 23,017 32,628
Decrease in prepaid expenses 26,287 14,568
Decrease in other assets 30,421
Increase (decrease) in accounts payable and accrued expenses 7,185 (13,956)
Settlement of asset retirement obligations (1,028) (8,694)
Decrease in operating lease liability (21,791) (32,254)
Net cash provided by operating activities 164,237 342,938
Cash flows from investing activities:    
Additions to oil and gas properties (714,079) (842,139)
Drilling refunds 42,060
Investment - cost basis (25,000) (100,000)
Proceeds from sale of oil and gas properties and equipment 106,285 26,448
Additions to other property and equipment (3,215)
Net cash used in investing activities (593,949) (915,691)
Cash flows from financing activities:    
Proceeds from exercise of stock options 9,435
Proceeds from long-term debt 673,574 555,000
Reduction of long-term debt (225,000) (40,000)
Net cash provided by financing activities 458,009 515,000
Net increase (decrease) in cash and cash equivalents 28,297 (57,753)
Cash and cash equivalents at beginning of period 34,381 128,252
Cash and cash equivalents at end of period 62,678 70,499
Supplemental disclosure of cash flow information:    
Cash paid for interest 17,859 7,395
Non-cash investing and financing activities:    
Asset retirement obligations 11,269 10,421
Operating lease - right of use asset and associated liabilities $ 9,360 $ 141,385