v3.19.3
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2019
Mar. 31, 2019
Current Assets    
Cash $ 4,833,636 $ 7,778,723
Accounts Receivable, Net of Allowance 3,337,183 129,037
Costs in Excess of Billings 1,771,739  
Other Current Assets 65,249 263,205
Total Current Assets 10,007,807 8,170,965
Property and Equipment    
Oil and Gas Properties - Subject to Amortization 50,488,936 50,528,953
Oil and Gas Properties - Not Subject to Amortization 28,016,989 28,016,989
Other Property and Equipment 5,235,199 1,570
Total Property and Equipment 83,741,124 78,547,512
Accumulated Depletion, Depreciation, Amortization and Impairment (81,574,648) (78,334,324)
Total Property and Equipment, Net 2,166,476 213,188
Right of Use Assets 757,263  
Goodwill 17,992,118  
Other Assets 264,053 198,519
Total Assets 31,187,717 8,582,672
Current Liabilities    
Accounts Payable 2,161,016 1,521,329
Common Stock Payable 1,735 303,340
Billings in Excess of Costs 90,082  
Accrued Expenses 808,165 276,133
Operating Lease Liabilities - Short-Term 389,857  
Finance Lease Liabilities - Short-Term 156,284  
Current Portion of Long-Terms Notes Payable, Net of Discount 216,721  
Current Income Taxes Payable 3,000 3,000
Total Current Liabilities 3,826,860 2,103,802
Asset Retirement Obligation 263,792 303,809
Operating Lease Liabilities - Long-Term 367,406  
Finance Lease Liabilities - Long-Term 119,731  
Long-Term Notes Payable, Net of Discount 1,575,404  
Derivative Liability   5
Total Liabilities 6,153,193 2,407,616
Commitments and Contingencies (see Note 8)  
Temporary Equity    
Total Temporary Equity 20,118,000  
Stockholders' Equity    
Common Stock, 5,000,000 Shares Authorized of $0.001 Par Value, 1,048,532 and 13,443 Shares Issued and Outstanding, respectively 1,049 13
Additional Paid-in Capital 148,784,723 152,251,623
Stock Dividends Distributable 11,913,781 8,141,843
Accumulated Deficit (155,783,031) (154,218,469)
Total Stockholders' Equity 4,916,524 6,175,056
Total Liabilities and Stockholders' Equity 31,187,717 8,582,672
Series B Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock   44
Total Stockholders' Equity   44
Series C Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock 2 2
Total Stockholders' Equity 2 $ 2
Series E Preferred Stock [Member]    
Temporary Equity    
Total Temporary Equity 18,701,000  
Stockholders' Equity    
Total Stockholders' Equity 18,701,000  
Series F Preferred Stock [Member]    
Temporary Equity    
Total Temporary Equity 1,417,000  
Stockholders' Equity    
Total Stockholders' Equity $ 1,417,000  

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