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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating revenues:    
Total operating revenues $ 1,727,835 $ 1,748,419
Operating expenses:    
Production 437,420 349,407
Accretion of asset retirement obligations 7,711 7,356
Depreciation, depletion and amortization 539,697 486,186
General and administrative 367,045 340,969
Total operating expenses 1,351,873 1,183,918
Operating income 375,962 564,501
Other income (expense):    
Interest income 22,746 23,695
Interest expense (1,083) (1,081)
Net other income 21,663 22,614
Income before provision for income taxes 397,625 587,115
Income tax expense:    
Current 31,971 32,818
Deferred 74,615 88,683
Total income tax expense 106,586 121,501
Net income $ 291,039 $ 465,614
Income per common share:    
Basic: $ 0.14 $ 0.22
Diluted: $ 0.14 $ 0.21
Weighted average common shares outstanding:    
Basic: 2,090,786 2,136,165
Diluted: 2,135,421 2,182,800
Oil Sales [Member]    
Operating revenues:    
Total operating revenues $ 1,510,304 $ 1,429,678
Natural Gas Sales [Member]    
Operating revenues:    
Total operating revenues 177,752 285,412
Other [Member]    
Operating revenues:    
Total operating revenues $ 39,779 $ 33,329