v3.19.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2019
Mar. 31, 2018
Current Assets    
Cash $ 7,778,723 $ 760,317
Restricted Cash   28,834
Accounts Receivable, Net of Allowance 129,037 646,891
Inventories  
Other Current Assets 263,205 228,733
Total Current Assets 8,170,965 1,664,775
Property and Equipment    
Oil and Gas Properties - Subject to Amortization 50,528,953 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 78,547,512 89,101,085
Accumulated Depletion, Depreciation, Amortization and Impairment (78,334,324) (76,555,506)
Total Property and Equipment, Net 213,188 12,545,579
Other Assets 198,519 57,510
Total Assets 8,582,672 14,267,864
Current Liabilities    
Accounts Payable 1,521,329 2,972,261
Common Stock Payable 303,340 200,000
Accrued Expenses 276,133 1,140,730
Current Income Taxes Payable 3,000  
Current Portion of Long-Term Notes Payable, Net of Discount   35,691,567
Total Current Liabilities 2,103,802 40,004,558
Long-term Notes Payable, Net of Discount   247,403
Asset Retirement Obligation 303,809 979,159
Derivative Liability 5 5
Total Liabilities 2,407,616 41,231,125
Commitments and Contingencies (see Note 8)  
Stockholders' Equity (Deficit)    
Common Stock, 250,000,000 Shares Authorized of $0.001 Par Value, 16,802,587 and 230,359 Shares Issued and Outstanding, respectively 16,803 230
Additional Paid-in Capital 152,234,833 141,429,811
Stock Dividends Distributable 8,141,843 2,467,910
Accumulated Deficit (154,218,469) (170,861,622)
Total Stockholders' Equity (Deficit) 6,175,056 (26,963,261)
Total Liabilities and Stockholders' Equity (Deficit) 8,582,672 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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