Consolidated Balance Sheets - USD ($)	Sep. 30, 2022	Mar. 31, 2022
Current assets
Cash and cash equivalents	$ 565,579	$ 1,370,766
Accounts receivable:
Oil and natural gas sales	1,185,651	1,310,137
Prepaid costs and expenses	43,096	52,636
Prepaid drilling	281,044
Other	6,263
Total current assets	2,081,633	2,733,539
Property and equipment, at cost
Oil and gas properties, using the full cost method	44,361,256	40,373,741
Other	121,926	120,208
Accumulated depreciation, depletion and amortization	(31,132,555)	(30,361,047)
Property and equipment, net	13,350,627	10,132,902
Investment in limited liability company at cost	300,000	275,000
Operating lease, right-of-use asset	103,030	129,923
Other noncurrent assets		13,156
Total assets	15,835,290	13,284,520
Current liabilities
Accounts payable and accrued expenses	162,023	209,469
Operating lease liability, current	55,321	54,294
Total current liabilities	217,344	263,763
Long-term liabilities
Operating lease liability, long-term	47,709	75,629
Asset retirement obligations	745,052	720,512
Total long-term liabilities	792,761	796,141
Total liabilities	1,010,105	1,059,904
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; 2,216,416 shares issued and, 2,149,416 shares outstanding as of September 30, 2022 and March 31, 2022, respectively	1,108,208	1,108,208
Additional paid-in capital	8,224,163	8,133,982
Retained earnings	5,838,815	3,328,427
Treasury stock, at cost (67,000 shares)	(346,001)	(346,001)
Total stockholders’ equity	14,825,185	12,224,616
Total liabilities and stockholders’ equity	$ 15,835,290	$ 13,284,520