v3.10.0.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2018
Mar. 31, 2018
Current Assets    
Cash $ 420,655 $ 760,317
Restricted Cash 217,914 26,834
Accounts Receivable 682,982 646,891
Other Current Assets   228,733
Total Current Assets 1,321,551 1,664,775
Property and Equipment    
Oil and Gas Properties - Subject to Amortization 62,598,160 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 90,613,095 89,101,085
Accumulated Depletion, Depreciation and Amortization (77,412,088) (76,555,506)
Total Property and Equipment, Net 13,201,007 12,545,579
Other Assets 198,519 57,510
Total Assets 14,721,077 14,267,864
Current Liabilities    
Accounts Payable 3,895,994 2,972,261
Common Stock Payable 200,000 200,000
Accrued Expenses 1,579,762 1,140,730
Convertible Debt, Net of Discount 271,153 247,403
Current Portion of Long-Term Notes Payable, Net of Discount 35,920,526 35,691,567
Total Current Liabilities 41,867,435 40,251,961
Asset Retirement Obligations 985,365 979,159
Derivative Liability 5 5
Total Liabilities 42,852,805 41,231,125
Commitments and Contingencies (see Note 8)  
Stockholders' Deficit    
Common Stock, 500,000,000 Shares Authorized of $0.001 Par, 16,352,839 and 5,758,970 Shares Issued and Outstanding, respectively 16,353 5,759
Additional Paid-in Capital 143,059,669 141,424,282
Stock Dividends Distributable 3,165,559 2,467,910
Accumulated Deficit (174,373,719) (170,861,622)
Total Stockholders' Deficit (28,131,728) (26,963,361)
Total Liabilities and Stockholders' Deficit 14,721,077 14,267,864
Series B Preferred Stock [Member]    
Stockholders' Deficit    
Preferred stock 409 409
Series C Preferred Stock [Member]    
Stockholders' Deficit    
Preferred stock $ 1 $ 1

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