Annual report pursuant to Section 13 and 15(d)

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)

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SUPPLEMENTAL CASH FLOW INFORMATION (Tables)
12 Months Ended
Mar. 31, 2017
Supplemental Cash Flow Elements [Abstract]  
Schedule of supplemental cash flow information

Net cash paid for interest and income taxes was as follows for the years ended March 31, 2017 and 2016:

 

    2017     2016  
 Interest   $ 1,580,048     $ 76,229  
 Income taxes            

 

Non-cash investing and financing activities for the years ended March 31, 2017 and 2016 included the following:

 

    2017     2016  
             
Accounts Receivable Assumed for Segundo Acquisition   $ 635,482     $  
Reduction in Accounts Payable for Payments Made on Previously Accrued Capital Expenditures   $ 233,632     $ 125,325  
Discount from Beneficial Conversion Feature on Convertible Notes   $ 150,000     $ 677,909  
Debt discounts on Notes Payable   $ 35,900     $ 48,000  
Forgiveness of Debt in Victory Settlement   $     $ 600,000  
Notes Payable Assumed for Segundo Acquisition   $ 30,595,256        
Debt discounts on Notes Payable, Long-Term Notes Payable,   $ 3,286,900     $  
Change in Estimate for Asset Retirement Obligations   $ 89,145     $  
Asset Retirement Obligations from Segundo Acquisition   $ 755,862     $  
Issuance of Series B Preferred Stock for Segundo Acquisition   $ 14,898,038     $  
Return and Cancellation of Common Stock Issued in Victory Settlement   $     $ (110,616 )
Common Stock Issued to Settle Stock Payable   $     $ 234,777  
Issuance of Common Stock for Segundo Acquisition   $ 49,176,530     $  
Issuance of Restricted Common Stock for Dreeben Loan   $ 48,000     $  
Stock Dividends Distributable but not Issued   $ 598,000     $  
Conversion of Convertible Notes to Common Stock   $ 1,445,669     $ 206,000  
Conversion of Preferred Stock to Common Stock   $ 6,004     $  
Issuance of Common Stock for Dividends   $ 83