XML 40 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
Asset Retirement Obligations (Tables)
12 Months Ended
Mar. 31, 2018
Asset Retirement Obligation Disclosure [Abstract]  
Schedule of Rollforward of Asset Retirement Obligations

The following table provides a rollforward of the asset retirement obligations for fiscal years ended March 31:

 

    2018     2017  
Carrying amount of asset retirement obligations, beginning of year   $ 978,484     $ 1,221,077  
Liabilities incurred     6,689       8,753  
Liabilities settled     (153,539 )     (287,089 )
Accretion expense     31,460       35,743  
Revisions     (541 )     -  
Carrying amount of asset retirement obligations, end of year     862,553       978,484  
Less: Current portion     10,000       10,000  
Non-Current asset retirement obligation   $ 852,553     $ 968,484