Consolidated Balance Sheets - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Current assets
Cash and cash equivalents	$ 2,514,715	$ 2,473,484
Accounts receivable:
Oil and natural gas sales	955,899	1,001,709
Trade	9,955	9,186
Prepaid drilling	23,066	148,748
Prepaid costs and expenses	51,447	56,193
Total current assets	3,555,082	3,689,320
Property and equipment, at cost
Oil and gas properties, using the full cost method	48,930,971	48,304,585
Other	121,926	121,926
Accumulated depreciation, depletion and amortization	(34,724,533)	(34,184,837)
Property and equipment, net	14,328,364	14,241,674
Investments – cost basis	1,300,000	1,100,000
Operating lease, right-of-use asset	162,911	19,263
Other noncurrent assets	7,522	8,597
Total assets	19,353,879	19,058,854
Current liabilities
Accounts payable and accrued expenses	266,512	221,603
Income tax payable	201,159	189,254
Operating lease liability, current	48,711	19,263
Total current liabilities	516,382	430,120
Long-term liabilities
Operating lease liability, long-term	114,200
Asset retirement obligations	685,274	688,808
Deferred income tax liabilities	386,276	311,661
Total long-term liabilities	1,185,750	1,000,469
Total liabilities	1,702,132	1,430,589
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; 2,239,283 and 2,226,916 shares issued; and, 2,090,000 and 2,091,399 shares outstanding  as of June 30, 2024 and March 31, 2024, respectively	1,119,641	1,113,458
Additional paid-in capital	8,691,753	8,567,856
Retained earnings	9,204,520	9,122,481
Treasury stock, at cost (149,283 and 135,517 shares, respectively)	(1,364,167)	(1,175,530)
Total stockholders’ equity	17,651,747	17,628,265
Total liabilities and stockholders’ equity	$ 19,353,879	$ 19,058,854