Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)

v3.7.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)
12 Months Ended
Apr. 25, 2016
shares
Mar. 31, 2017
USD ($)
shares
$ / shares
$ / Boe
Mar. 31, 2016
USD ($)
$ / shares
$ / Boe
shares
Mar. 31, 2015
$ / shares
shares
Amortization expense per barrel of oil equivalent | $ / Boe   10.98 31.83  
Impairment of oil and gas   $ 79,142,113 $ 21,391,490  
Impairment of oil and gas related to proved properties   10,900,000    
Impairment of oil and gas related to unproved properties   18,700,000    
Impairment of oil and gas related to acquisition   $ 49,500,000    
Stock options | shares   19,920 22,920 24,920
Weighted average exercise price (in dollars per share) | $ / shares   $ 35.38 $ 33.96 $ 33.81
Warrants | shares   256,448 232,585  
Warrant exercise price (in dollars per share) | $ / shares   $ 12.94 $ 47.64  
Amount of cash federally insured limits   $ 199,435 $ 0  
Allowance for doubtful accounts receivable   779,421 $ 0  
Convertible subordinated debenture   145,695    
Unamortized discount convertible debenture   $ 384,305    
Conversion of debt, shares | shares   163,077    
Conversion price of debt | $ / shares   $ 3.25    
Premium rate of debt   34.00% 6.00%  
Conversion discount   85.00%    
Meauring period for debt conversion   60 days    
Discount on conversion price (per share) | $ / shares   $ .10    
Series A Convertible Preferred Stock [Member]        
Preferred stock, outstanding | shares 500   500  
Description of convertible stock    

Each share of the Series A Convertible Preferred Stock.

 
Shares of common stock issued on conversion | shares 20,000   40  
Credit Concentration Risk [Member]        
Percentage of product revenues   100.00%