Consolidated Balance Sheets - USD ($)	Dec. 31, 2022	Mar. 31, 2022
Current assets
Cash and cash equivalents	$ 631,036	$ 1,370,766
Accounts receivable:
Oil and natural gas sales	2,048,695	1,310,137
Prepaid costs and expenses	21,387	52,636
Prepaid drilling	11,138
Other	3,132
Total current assets	2,715,388	2,733,539
Property and equipment, at cost
Oil and gas properties, using the full cost method	45,164,341	40,373,741
Other	121,926	120,208
Accumulated depreciation, depletion and amortization	(31,629,063)	(30,361,047)
Property and equipment, net	13,657,204	10,132,902
Investment – cost basis	500,000	275,000
Operating lease, right-of-use asset	89,394	129,923
Other noncurrent assets		13,156
Total assets	16,961,986	13,284,520
Current liabilities
Accounts payable and accrued expenses	191,233	209,469
Operating lease liability, current	55,841	54,294
Total current liabilities	247,074	263,763
Long-term liabilities
Operating lease liability, long-term	33,553	75,629
Asset retirement obligations	721,489	720,512
Total long-term liabilities	755,042	796,141
Total liabilities	1,002,116	1,059,904
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; 2,221,416 and 2,216,416 shares issued;  2,142,000 and 2,149,416 shares outstanding as of December 31, 2022 and March 31, 2022, respectively	1,110,708	1,108,208
Additional paid-in capital	8,279,823	8,133,982
Retained earnings	7,083,600	3,328,427
Treasury stock, at cost (79,416 and 67,000 shares, respectively)	(514,261)	(346,001)
Total stockholders’ equity	15,959,870	12,224,616
Total liabilities and stockholders’ equity	$ 16,961,986	$ 13,284,520