XML 37 R27.htm IDEA: XBRL DOCUMENT v3.6.0.2
Credit Facility (Details Narrative) - USD ($)
9 Months Ended
Jun. 20, 2016
Dec. 31, 2016
Mar. 31, 2016
Amendment replaces the tangible net worth   $ 300,000  
Debt instrument covenant description   for each trailing fiscal quarter period thereafter and minimum interest coverage ratios (EBITDA/Interest Expense) of 2.00 to 1.00 for each quarter thereafter. The Company is in compliance with all covenants as of December 31, 2016.  
Line of credit   $ 3,070,000 $ 5,580,000
March 31, 2017 [Member]      
Amendment replaces the tangible net worth   500,000  
Each Trailing Fiscal Quarter [Member]      
Amendment replaces the tangible net worth   $ 650,000  
Revolving Credit Agreement [Member]      
Line of credit unused commitment fee percentage   1.00%  
Maximum line of credit amount used for letter of credit   $ 500,000  
Letter of credit   50,000  
Revolving Credit Agreement [Member] | Bank of America, N.A [Member]      
Credit facility face amount   $ 5,570,000  
Percentage of amount require to pay lender   100.00%  
Disposes of oil and gas properties $ 3,120,000    
Original and Renewed Agreements [Member]      
Line of credit maturity date   Nov. 30, 2020  
Accrued interest rate   3.76%  
Line of credit commitment fee description   Under such renewal agreement, interest on the facility accrues at an annual rate equal to the British Bankers Association London Interbank Offered Rate (“BBA LIBOR”) daily floating rate, plus 3.0 percentage points, which was 3.76% on December 31, 2016. Interest on the outstanding amount under the credit agreement is payable monthly.  
Original and Renewed Agreements [Member] | BBA LIBOR [Member] | Maximum [Member]      
Accrues variable interest rate   3.00%