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Consolidated Statements of Operations - USD ($)
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating revenues:    
Total operating revenues $ 6,604,884 $ 9,557,289
Operating expenses:    
Production 1,526,472 1,719,719
Accretion of asset retirement obligation 29,869 30,532
Depreciation, depletion and amortization 1,969,742 1,854,047
General and administrative 1,243,547 1,120,691
Total operating expenses 4,769,630 4,724,989
Operating income 1,835,254 4,832,300
Other income (expenses):    
Interest income 135,476 8,009
Interest expense (5,234) (13,097)
Net other expense 130,242 (5,088)
Income before provision for income taxes 1,965,496 4,827,212
Income tax expense:    
Current 308,883 164,510
Deferred 311,661
Total income tax expense 620,544 164,510
Net income $ 1,344,952 $ 4,662,702
Income per common share:    
Basic: $ 0.64 $ 2.17
Diluted: $ 0.62 $ 2.11
Weighted average common shares outstanding:    
Basic: 2,114,360 2,146,491
Diluted: 2,161,010 2,208,663
Oil Sales [Member]    
Operating revenues:    
Total operating revenues $ 5,348,257 $ 6,522,163
Natural Gas Sales [Member]    
Operating revenues:    
Total operating revenues 1,114,390 2,858,460
Other [Member]    
Operating revenues:    
Total operating revenues $ 142,237 $ 176,666