Consolidated Balance Sheets - USD ($)	Dec. 31, 2024	Mar. 31, 2024
Current assets
Cash and cash equivalents	$ 910,005	$ 2,473,484
Accounts receivable:
Oil and natural gas sales	1,037,754	1,001,709
Trade	48,759	9,186
Prepaid costs and expenses	26,050	56,193
Prepaid drilling	29,085	148,748
Total current assets	2,051,653	3,689,320
Property and equipment, at cost
Oil and gas properties, using the full cost method	51,263,675	48,304,585
Other	121,926	121,926
Accumulated depreciation, depletion and amortization	(35,945,246)	(34,184,837)
Property and equipment, net	15,440,355	14,241,674
Investments – cost basis	1,900,000	1,100,000
Operating lease, right-of-use asset	138,577	19,263
Other noncurrent assets	5,373	8,597
Total assets	19,535,958	19,058,854
Current liabilities
Accounts payable and accrued expenses	220,550	221,603
Income tax payable	312,036	189,254
Operating lease liability, current	49,872	19,263
Total current liabilities	582,458	430,120
Long-term liabilities
Operating lease liability, long-term	88,705
Asset retirement obligations	682,061	688,808
Deferred income tax liabilities	155,975	311,661
Total long-term liabilities	926,741	1,000,469
Total liabilities	1,509,199	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; 2,046,000 and 2,091,399 shares outstanding as of December 31, 2024 and March 31, 2024, respectively	1,119,641	1,113,458
Additional paid-in capital	8,795,013	8,567,856
Retained earnings	9,990,851	9,122,481
Treasury stock, at cost (193,283 and 135,517 shares, respectively)	(1,878,746)	(1,175,530)
Total stockholders’ equity	18,026,759	17,628,265
Total liabilities and stockholders’ equity	$ 19,535,958	$ 19,058,854