Consolidated Balance Sheets - USD ($)	Dec. 31, 2021	Mar. 31, 2021
Current assets
Cash and cash equivalents	$ 880,190	$ 57,813
Accounts receivable:
Oil and natural gas sales	750,683	621,384
Trade	4	30,402
Prepaid costs and expenses	21,160	47,895
Total current assets	1,652,037	757,494
Property and equipment, at cost
Oil and gas properties, using the full cost method	39,720,323	38,664,347
Other	120,208	120,208
Accumulated depreciation, depletion and amortization	(29,828,011)	(29,015,612)
Property and equipment, net	10,012,520	9,768,943
Investment – cost basis	250,000	200,000
Operating lease, right-of-use asset	143,182	20,861
Other noncurrent assets	15,657	83,389
Total assets	12,073,396	10,830,687
Current liabilities
Accounts payable and accrued expenses	154,571	116,569
Operating lease liability, current	53,788	21,965
Total current liabilities	208,359	138,534
Long-term liabilities
Long-term debt		1,154,949
Operating lease liability, long-term	89,394
Asset retirement obligations	737,457	713,797
Total long-term liabilities	826,851	1,868,746
Total liabilities	1,035,210	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; 2,188,666 and 2,143,666 shares issued; 2,121,666 and 2,076,666 shares outstanding as of December 31, 2021 and March 31, 2021, respectively	1,094,333	1,071,833
Additional paid-in capital	7,959,357	7,624,214
Retained earnings	2,330,497	473,361
Treasury stock, at cost (67,000 shares)	(346,001)	(346,001)
Total stockholders’ equity	11,038,186	8,823,407
Total liabilities and stockholders’ equity	$ 12,073,396	$ 10,830,687