XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating revenues:    
Oil and gas $ 984,269 $ 623,870
Other 12,256 3,251
Total operating revenues 996,525 627,121
Operating expenses:    
Production 308,636 215,850
Accretion of asset retirement obligations 10,917 9,538
Depreciation, depletion, and amortization 295,033 231,536
General and administrative 311,470 292,269
Total operating expenses 926,056 749,193
Operating profit (loss) 70,469 (122,072)
Other income (expense):    
Interest income 2 130
Interest expense (20,130) (10,859)
Loss on derivative instruments (27,392)   
Net other expense (47,520) (10,729)
Earnings (loss) before provision for income taxes 22,949 (132,801)
Income tax expense (benefit):    
Current      
Deferred 6,818 (69,584)
TOTAL 6,818 (69,584)
Net income (loss) $ 16,131 $ (63,217)
Earnings (loss) per common share:    
Basic $ 0.01 $ (0.03)
Diluted $ 0.01 $ (0.03)
Weighted average common shares outstanding:    
Basic 2,036,866 2,035,949
Diluted 2,038,491 2,035,949