Annual report pursuant to Section 13 and 15(d)

SUPPLEMENTAL CASH FLOW INFORMATION

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SUPPLEMENTAL CASH FLOW INFORMATION
12 Months Ended
Mar. 31, 2020
Supplemental Cash Flow Elements [Abstract]  
SUPPLEMENTAL CASH FLOW INFORMATION

NOTE 17 – SUPPLEMENTAL CASH FLOW INFORMATION

 

Net cash paid for interest and income taxes was as follows for the years ended March 31, 2020 and 2019:

 

    2020     2019  
 Interest   $ 14,771     $ 842,520  
 Income taxes   $     $  

  

Non-cash investing and financing activities for the years ended March 31, 2020 and 2019 included the following:

 

    2020     2019  
             
Reduction in Accounts Payable for Payments Made on Previously Accrued Capital Expenditures   $     $ 547,033  
Change in Estimate for Asset Retirement Obligations   $ 85,069     $ 19,461  
Issuance of Common Stock for Payment of Consulting Fees   $     $ 234,430  
Settlement of Common Stock Payable   $ 331,030     $  
Conversion of Preferred B Shares to Common Stock   $ 44     $ 365  
Stock Dividends Distributable but not Issued   $ 7,737,086     $ 5,676,715  
Conversion of Notes and Accrued Interest to Common Stock   $     $ 917,104  
Conversion of Preferred Stock to Common Stock   $ 4,899     $ 4  
Warrants Issued in Abeyance   $ 29     $  
Issuance of Common Stock for Dividends   $ 3     $ 2,782