Consolidated Balance Sheets - USD ($)	Jun. 30, 2021	Mar. 31, 2021
Current assets
Cash and cash equivalents	$ 80,754	$ 57,813
Accounts receivable:
Oil and natural gas sales	670,333	621,384
Trade	49,588	30,402
Prepaid costs and expenses	37,365	47,895
Total current assets	838,040	757,494
Property and equipment, at cost
Oil and gas properties, using the full cost method	38,998,427	38,664,347
Other	120,208	120,208
Accumulated depreciation, depletion and amortization	(29,279,932)	(29,015,612)
Property and equipment, net	9,838,703	9,768,943
Investment – cost basis	200,000	200,000
Operating lease, right-of-use asset	169,742	20,861
Other noncurrent assets	49,787	83,389
Total assets	11,096,272	10,830,687
Current liabilities
Accounts payable and accrued expenses	157,232	116,569
Operating lease liability, current	53,958	21,965
Total current liabilities	211,190	138,534
Long-term liabilities
Long-term debt, net	778,080	1,154,949
Operating lease liability, long-term	116,540
Asset retirement obligations	724,184	713,797
Total long-term liabilities	1,618,804	1,868,746
Total liabilities	1,829,994	2,007,280
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; 2,148,666 and 2,143,666 shares issued; and, 2,081,666 and 2,076,666 shares outstanding as of June 30, 2021 and March 31, 2021, respectively	1,074,333	1,071,833
Additional paid-in capital	7,669,579	7,624,214
Retained earnings	868,367	473,361
Treasury stock, at cost (67,000 shares)	(346,001)	(346,001)
Total stockholders’ equity	9,266,278	8,823,407
Total liabilities and stockholders’ equity	$ 11,096,272	$ 10,830,687