v3.19.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2019
Mar. 31, 2019
Current Assets    
Cash $ 6,404,817 $ 7,778,723
Accounts Receivable, Net of Allowance 124,338 129,037
Other Current Assets 146,132 263,205
Total Current Assets 6,675,287 8,170,965
Property and Equipment    
Oil and Gas Properties - Subject to Amortization 50,537,213 50,528,953
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 78,555,772 78,547,512
Accumulated Depletion, Depreciation, Amortization and Impairment (78,338,567) (78,334,324)
Total Property and Equipment, Net 217,205 213,188
Other Assets 273,519 198,519
Total Assets 7,166,011 8,582,672
Current Liabilities    
Accounts Payable 1,386,287 1,521,329
Common Stock Payable 27,690 303,340
Accrued Expenses 246,167 276,133
Current Income Taxes Payable 3,000 3,000
Total Current Liabilities 1,663,144 2,103,802
Asset Retirement Obligation 312,069 303,809
Derivative Liability   5
Total Liabilities 1,975,213 2,407,616
Commitments and Contingencies (see Note 8)  
Stockholders' Equity (Deficit)    
Common Stock, 250,000,000 Shares Authorized of $0.001 Par Value, 1,952,679 and 672,103 Shares Issued and Outstanding, respectively 1,953 672
Additional Paid-in Capital 150,675,015 152,250,964
Stock Dividends Distributable 10,019,895 8,141,843
Accumulated Deficit (155,506,067) (154,218,469)
Total Stockholders' Equity 5,190,798 6,175,056
Total Liabilities and Stockholders' Equity 7,166,011 8,582,672
Series C Preferred Stock [Member]    
Stockholders' Equity (Deficit)    
Preferred stock $ 2 2
Series B Preferred Stock [Member]    
Stockholders' Equity (Deficit)    
Preferred stock   $ 44

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