v3.10.0.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Dec. 31, 2018
Mar. 31, 2018
Current Assets    
Cash $ 9,272,388 $ 760,317
Restricted Cash   28,834
Accounts Receivable 70,571 646,891
Other Current Assets 232,177 228,733
Total Current Assets 9,575,136 1,664,775
Property and Equipment    
Oil and Gas Properties - Subject to Amortization 50,636,232 61,082,526
Oil and Gas Properties - Not Subject to Amortization 28,016,989 28,016,989
Other Property and Equipment 1,570 1,570
Total Property and Equipment 78,654,791 89,101,085
Accumulated Depletion, Depreciation and Amortization (78,320,508) (76,555,506)
Total Property and Equipment, Net 334,283 12,545,579
Other Assets 198,519 57,510
Total Assets 10,107,938 14,267,864
Current Liabilities    
Accounts Payable 1,934,320 2,972,261
Common Stock Payable 171,000 200,000
Accrued Expenses 55,185 1,140,730
Notes Payable, Net of Discount   247,403
Current Portion of Long-Term Notes Payable, Net of Discount   35,691,567
Total Current Liabilities 2,160,505 40,251,961
Asset Retirement Obligations 319,770 979,159
Derivative Liability 5 5
Total Liabilities 2,480,280 41,231,125
Commitments and Contingencies  
Stockholders' Equity (Deficit)    
Common Stock, 20,000,000 Shares Authorized of $0.001 Par, 6,771,515 and 230,363 Shares Issued and Outstanding, respectively 6,772 230
Additional Paid-in Capital 154,676,002 141,429,810
Stock Dividends Distributable 5,676,275 2,467,910
Accumulated Deficit (152,731,437) (170,861,622)
Total Stockholders' Equity (Deficit) 7,627,658 (26,963,261)
Total Liabilities and Stockholders' Equity (Deficit) 10,107,938 14,267,864
Series B Preferred Stock [Member]    
Stockholders' Equity (Deficit)    
Preferred stock 44 409
Series C Preferred Stock [Member]    
Stockholders' Equity (Deficit)    
Preferred stock $ 2 $ 1

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