Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)

v3.20.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)
2 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2020
Mar. 31, 2019
Feb. 03, 2020
Bad debts   $ 17,694 $ 190,365  
Cash federally insured limit $ 250,000 250,000 250,000  
Amount of cash in excess of federally insured limit 399,833 399,833 7,463,944  
Allowance for doubtful accounts receivable 208,000 208,000 190,000  
Impairment of oil and gas   0 1,304,785  
Notes receivable $ 7,339,719 $ 7,339,719    
Equity investment ownership percentage 25.00% 25.00%    
Current assets $ 1,132,660 $ 1,132,660 8,170,965  
Total assets 9,695,218 9,695,218 8,582,672  
Net income   (3,856,299) 16,643,153  
Total liabilities $ 2,070,431 $ 2,070,431 $ 2,407,616  
Discount Rate [Member]        
Property and equipment impairment test discount rate 0.10 0.10    
One Customer [Member]        
Percentage of product revenues   92.00%    
Three Customers [Member]        
Percentage of product revenues   84.00%    
Elysium Energy LLC [Member]        
Equity investment ownership percentage 25.00% 25.00%   25.00%
Current assets $ 4,000,000 $ 4,000,000    
Total assets 37,700,000 37,700,000    
Net assets 3,700,000 3,700,000    
Net income 3,800,000      
Total revenues 4,000,000      
Total liabilities $ 34,000,000 $ 34,000,000    
Minimum [Member]        
Property, Plant and Equipment, Useful Life   3 years    
Maximum [Member]        
Property, Plant and Equipment, Useful Life   5 years    
Equity investment ownership percentage 51.00% 51.00%    
Viking Energy Group Inc [Member] | Notes Receivable [Member]        
Notes receivable $ 5,000,000 $ 5,000,000    
Lineal Industries [Member] | Unsecured Promissory Note [Member]        
Notes receivable 1,539,719 1,539,719    
Lineal Industries [Member] | Second Unsecured Promissory Note [Member]        
Notes receivable $ 800,000 $ 800,000