v3.10.0.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2018
Mar. 31, 2018
Current Assets    
Cash $ 5,331,578 $ 760,317
Restricted Cash   26,834
Accounts Receivable 51,643 646,891
Other Current Assets 119,570 228,733
Total Current Assets 5,502,791 1,664,775
Property and Equipment    
Oil and Gas Properties - Subject to Amortization 51,043,502 61,082,526
Oil and Gas Properties - Not Subject to Amortization 28,013,365 28,016,989
Other Property and Equipment 1,570 1,570
Total Property and Equipment 79,058,437 89,101,085
Accumulated Depletion, Depreciation and Amortization (77,770,662) (76,555,506)
Total Property and Equipment, Net 1,287,775 12,545,579
Other Assets 198,519 57,510
Total Assets 6,989,085 14,267,864
Current Liabilities    
Accounts Payable 3,487,799 2,972,261
Common Stock Payable   200,000
Accrued Expenses 578,568 1,140,730
Notes Payable, Net of Discount 293,628 247,403
Current Portion of Long-Term Notes Payable, Net of Discount   35,691,567
Total Current Liabilities 4,359,995 40,251,961
Asset Retirement Obligations 332,447 979,159
Derivative Liability 5 5
Total Liabilities 4,692,447 41,231,125
Stockholders' Equity (Deficit)    
Common Stock, 500,000,000 Shares Authorized of $0.001 Par, 73,850,733 and 5,758,970 Shares Issued and Outstanding, respectively 73,851 5,759
Additional Paid-in Capital 149,306,871 141,424,282
Stock Dividends Distributable 4,060,858 2,467,910
Accumulated Deficit (151,145,353) (170,861,622)
Total Stockholders' Equity (Deficit) 2,296,638 (26,963,261)
Total Liabilities and Stockholders' Equity (Deficit) 6,989,085 14,267,864
Series B Preferred Stock [Member]    
Stockholders' Equity (Deficit)    
Preferred stock 409 409
Series C Preferred Stock [Member]    
Stockholders' Equity (Deficit)    
Preferred stock $ 2 $ 1

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