Quarterly report pursuant to Section 13 or 15(d)

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

v3.19.3
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
6 Months Ended
Sep. 30, 2019
Revenue from Contract with Customer [Abstract]  
Schedule of disaggregated revenue

The following table disaggregates revenue by significant product type for the three and six months ended September 30, 2019 and 2018:  

 

    Three Months Ended     Six Months Ended  
    September 30,     September 30,  
    2019     2018     2019     2018  
Oil sales   $ 66,786     $ 181,952     $ 160,485     $ 382,021  
Natural gas sales     12,343       266,430       19,547       739,943  
Natural gas liquids sales     13,624       361,084       34,072       1,382,198  
Total oil and gas revenue from customers   $ 92,753     $ 809,466     $ 214,104     $ 2,504,162  
Schedule of contract cost and recognized income

Contract cost and recognized income not yet billed and related amounts billed as of September 30, 2019 were as follows:   

 

    September 30, 2019  
       
Contract cost and recognized income not yet billed   $ 1,771,739  
Contract billings in excess of cost and recognized income     (90,082 )
 Net amount of cost and estimated earnings on uncompleted contracts in excess of billings   $ 1,681,657