Camber Energy (CEIN) 10-K29 Jun 202020 FY Annual reportFinancial data

Company Profile

Cover

Cover - USD ($)	12 Months Ended
Cover - USD ($)	Mar. 31, 2020	Jun. 24, 2020	Sep. 30, 2019
Cover
Entity Registrant Name	CAMBER ENERGY, INC.
Entity Central Index Key	0001309082
Document Type	10-K
Document Period End Date	Mar. 31, 2020
Entity File Number	001-32508
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Entity Well Known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Reporting Status Current	Yes
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	NV
Entity Smaller Reporting Company	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Public Float			$ 8,388,256
Entity Common Stock, Shares Outstanding		12,455,929
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2020

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Current Assets
Cash	$ 656,615	$ 7,778,723
Accounts Receivable, Net of Allowance	255,363	129,037
Other Current Assets	220,682	263,205
Total Current Assets	1,132,660	8,170,965
Property and Equipment
Oil and Gas Properties - Subject to Amortization	50,443,883	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	78,462,442	78,547,512
Accumulated Depletion, Depreciation, Amortization and Impairment	(78,351,825)	(78,334,324)
Total Property and Equipment, Net	110,617	213,188
Equity Method Investment - Elysium Energy, LLC	957,169
Notes Receivable	7,339,719
Other Assets	155,053	198,519
Total Assets	9,695,218	8,582,672
Current Liabilities
Accounts Payable	1,474,221	1,521,329
Common Stock Payable	173,000	303,340
Accrued Expenses	348,460	276,133
Current Asset Retirement Obligations	30,227	0
Current Income Taxes Payable	3,000	3,000
Total Current Liabilities	2,028,908	2,103,802
Asset Retirement Obligations	41,523	303,809
Derivative Liability		5
Total Liabilities	2,070,431	2,407,616
Stockholders' Equity (Deficit)
Common Stock, 25,000,000 Shares Authorized of $0.001 Par Value, 5,000,000 and 13,441 Shares Issued and Outstanding, respectively	5,000	13
Additional Paid-in Capital	144,815,627	152,251,623
Stock Dividends Distributable	15,878,926	8,141,843
Accumulated Deficit	(158,074,768)	(154,218,469)
Total Stockholders' Equity (Deficit)	2,624,787	6,175,056
Total Liabilities and Stockholders' Equity	9,695,218	8,582,672
Series B Preferred Stock [Member]
Stockholders' Equity (Deficit)
Preferred stock		44
Total Stockholders' Equity (Deficit)		44
Series C Preferred Stock [Member]
Temporary Equity
Preferred Stock Series C, 525 and 0 Shares Issued and Outstanding, Respectively, Liquidation Preference of $5,250,000	5,000,000
Stockholders' Equity (Deficit)
Preferred stock	2	2
Total Stockholders' Equity (Deficit)	$ 2	$ 2

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized	250,000,000	250,000,000
Common stock, issued	5,000,000	13,441
Common stock, outstanding	5,000,000	13,441
Series A Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, authorized	2,000	2,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Series B Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, authorized	600,000	600,000
Preferred stock, issued	0	44,000
Preferred stock, outstanding	0	44,000
Series C Preferred Stock [Member]
Preferred stock, issued	525	0
Preferred stock, outstanding	525	0
Preferred stock, liquidation preference	$ 5,250,000
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, authorized	5,000	5,000
Preferred stock, issued	2,294	2,305
Preferred stock, outstanding	2,294	2,305
Preferred stock, liquidation preference	$ 63,004,710	$ 63,004,710
Series D Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, authorized	50,000	50,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Series E Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, authorized	1,000,000	1,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Series F Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, authorized	16,750	16,750
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Operating Revenues
Total	$ 397,118	$ 2,742,102
Operating Expenses
Lease Operating Expenses	479,656	2,870,908
Severance and Property Taxes	14,440	132,993
Depreciation, Depletion, Amortization and Accretion	20,420	478,770
Impairment of Oil and Gas Properties	0	1,304,785
Gain on Sale of Property and Equipment		(25,808,246)
General and Administrative	4,909,871	5,152,766
Total	5,424,387	(15,868,024)
Operating Income (Loss)	(5,027,269)	18,610,126
Other Expense (Income)
Interest Expense	14,771	2,438,097
Equity in Earnings of Unconsolidated Entity	(957,169)
Other (Income) Expense, Net	(228,572)	(474,124)
Total Other Expense (Income)	(1,170,970)	1,963,973
Income (Loss) Before Income Taxes	(3,856,299)	16,646,153
Income Tax Benefit (Expense)		3,000
Net Income (Loss)	$ (3,856,299)	$ 16,643,153
Income (Loss) Per Common Share
Basic (in dollars per share)	$ (5.50)	$ 2,775.61
Diluted (in dollars per share)	$ (5.50)	$ 262.32
Weighted Average Number of Common Shares Outstanding
Basic (in shares)	2,109,622	3,951
Diluted (in shares)	2,109,622	41,805
Crude Oil Sales [Member]
Operating Revenues
Total	$ 296,036	$ 526,365
Natural Gas Sales [Member]
Operating Revenues
Total	37,049	772,105
Natural Gas Liquid Sales [Member]
Operating Revenues
Total	$ 64,033	$ 1,443,632

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)	Series C Preferred Stock [Member]	Series E Preferred Stock [Member]	Series F Preferred Stock [Member]	Series B Preferred Stock [Member]	Series C Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Stock Divided Distributable [Member]	Accumulated Deficit [Member]	Total
Balance, beginning at Mar. 31, 2018				$ 409	$ 1		$ 141,429,941	$ 2,467,910	$ (170,861,622)	$ (26,963,361)
Balance, beginning (in shares) at Mar. 31, 2018				408,508	1,132	184
Common Shares issued for:
Conversion of Series B to Common				$ (365)			365
Conversion of Series B to Common (in shares)				(364,508)		3
Conversion of Series C Preferred Stock						$ 4	(4)
Conversion of Series C Preferred Stock (in shares)					(404)	3,794
Rounding Adjustment for Split (in shares)						22
Payment of Series B Dividend							2,782	(2,782)
Share-Based Compensation							343,730			343,730
Conversion of Debenture						$ 9	917,095			917,104
Conversion of Debenture (in shares)						9,414
Issuance of Common Shares for Consulting Fees							234,430			234,430
Issuance of Common Shares for Consulting Fees (in shares)						14
Warrants - Abeyance (in shares)						10
Issuance of Series C Preferred Shares for Cash Proceeds					$ 1		14,999,999			15,000,000
Issuance of Series C Preferred Shares for Cash Proceeds (in shares)					1,577
Stock Dividends to be Issued							(5,676,715)	(5,676,715)
Net Income (Loss)									16,643,153	16,643,153
Balance, end at Mar. 31, 2019				$ 44	$ 2	$ 13	151,251,623	8,141,843	(154,218,469)	6,175,056
Balance, end (in shares) at Mar. 31, 2019				44,000	2,305	13,441
Cash Paid for Settlement of Series B Preferred Stock Warrants							(25,000)			(25,000)
Common Shares issued for:
Conversion of Series B to Common				$ (44)			44
Conversion of Series B to Common (in shares)				(44,000)
Conversion of Series C Preferred Stock						$ 4,899	(4,899)
Conversion of Series C Preferred Stock (in shares)					(11)	4,899,442
Conversion of Debenture - Abeyance						$ 29	(29)
Conversion of Debenture - Abeyance (in shares)						29,073
Rounding Adjustment for Split						$ 58	(58)
Rounding Adjustment for Split (in shares)						57,363
Payment of Series B Dividend							3	(3)
Payment for Consulting Fees						$ 1	331,029			331,030
Payment for Consulting Fees (in shares)						680
Issuance of Series E and F Preferred Stock		$ 18,701,000	$ 1,417,000
Issuance of Series E and F Preferred Stock (in shares)		1,000,000	16,750
Change in valuation of Series E and F Preferred Stock		$ (4,035,000)	$ 1,017,000
Redemption of Series E and F Preferred Stock		$ (14,666,000)	$ (2,434,000)
Redemption of Series E and F Preferred Stock (in shares)		(1,000,000)	(16,750)
Issuance of Series C Preferred Shares for Cash Proceeds	$ 5,000,000
Issuance of Series C Preferred Shares for Cash Proceeds (in shares)	525
Stock Dividends to be Issued							(7,737,086)	7,737,086
Net Income (Loss)									(3,856,299)	(3,856,299)
Balance, end at Mar. 31, 2020	$ 5,000,000				$ 2	$ 5,000	$ 144,815,627	$ 15,878,926	$ (158,074,768)	$ 2,624,787
Balance, end (in shares) at Mar. 31, 2020	525				2,294	5,000,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Cash Flows from Operating Activities
Net Income (Loss)	$ (3,856,299)	$ 16,643,153
Net Loss from Discontinued Operations
Net Income (Loss) from Continuing Operations	(3,856,299)	16,643,153
Adjustments to Reconcile Net Income (Loss) to Net Cash Used in Operating Activities:
Depreciation, Depletion, Amortization and Accretion	20,420	478,770
Impairment of Oil and Gas Properties	0	1,304,785
Share-Based Compensation	200,690	343,730
Amortization of Discount on Notes		1,499,647
Bad Debt Expense	17,694	190,365
Gain on Sale of Property and Equipment		(25,808,246)
Litigation Settlement - PetroGlobe	204,842
Change in Fair Value of Derivative Liability	(5)
Equity in Earnings of Unconsolidated Entity	(957,169)
Changes in Operating Assets and Liabilities:
Accounts Receivable	(144,020)	327,489
Other Current Assets	42,523	(34,472)
Accounts Payable and Accrued Expenses	(329,531)	(718,649)
Net Cash Used in Operating Activities from Continuing Operations	(4,800,855)	(5,773,428)
Net Cash Provided by Operating Activities from Discontinued Operations	1,212,391
Net Cash Used in Operating Activities	(3,588,464)	(5,773,428)
Investing Cash Flows
Cash paid for Oil and Gas Property Development Costs		(2,095,991)
Cash Acquired in Lineal Acquisition	449,763
Cash Disposed of in Connection with Lineal Redemption	(2,101,879)
Cash Paid for Issuance of Notes Receivable	(7,339,719)
Cash Proceeds from (Paid for) Deposits	43,466	(141,009)
Net Cash Provided by (Used in) Investing Activities from Operating Activities	(8,948,369)	(2,237,000)
Cash Used in Investing Activities from Discontinued Operations	(692,650)
Cash Used in Investing Activities	(9,641,019)	(2,237,000)
Financing Cash Flows
Proceeds from Issuance of Series C Preferred Stock	5,000,000	15,000,000
Cash Settlement of Preferred B Dividends	(25,000)
Net Cash Provided by Financing Activities from Continuing Operations	4,975,000	15,000,000
Cash Provided by Financing Activities from Discontinued Operations	1,132,375
Cash Provided by Financing Activities	6,107,375	15,000,000
(Decrease) Increase in Cash	(7,122,108)	6,989,572
Cash at Beginning of the Year	7,778,723	789,151
Cash at End of the Year	$ 656,615	$ 7,778,723

ORGANIZATION AND OPERATIONS OF

ORGANIZATION AND OPERATIONS OF THE COMPANY	12 Months Ended
ORGANIZATION AND OPERATIONS OF THE COMPANY	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND OPERATIONS OF THE COMPANY	Note 1 – Organization and Operations of the Company Camber Energy, Inc. (“ Camber Company Lineal On July 8, 2019, the Company acquired Lineal pursuant to the terms of an Agreement and Plan of Merger dated as of the same date (the “ Lineal Plan of Merger Lineal Merger Lineal Acquisition Lineal Members Series E Preferred Stock Series F Preferred Stock Note 12 - Merger Agreement and Divestiture Evercon On December 31, 2019, the Company entered into a Preferred Stock Redemption Agreement (the “ Redemption Agreement Preferred Holders Lineal Divestiture Note 12 - Merger Agreement and Divestiture Prior to the acquisition of Lineal, the Company sold a significant portion of its oil and gas production assets in Oklahoma to N&B Energy, LLC (“ N&B Energy Note 2 – Liquidation and Going Concern Considerations Camber retained its assets in Glasscock County and operated wells in Hutchinson County, Texas until completion of the Settlement Agreement discussed below. On January 31, 2020, the Company entered into a Compromise Settlement Agreement (the “ Settlement Agreement PetroGlobe Signal Petrolia PGCO CRTC CE See also “ Note 10 – Commitments and Contingencies Legal Proceedings On February 3, 2020, the Company entered into an Agreement and Plan of Merger (the “ Merger Agreement Viking Pursuant to the Merger Agreement, at the effective time of the Merger (the “ Effective Time Viking Common Stock Elysium Note 5 – Plan of Merger and Investment in Unconsolidated Entity On March 1, 2018, the Company filed a Certificate of Amendment to the Company’s Articles of Incorporation with the Secretary of State of Nevada to affect a 1-for-25 reverse stock split of all outstanding common stock shares of the Company. The reverse stock split was effective on March 5, 2018. The effect of the reverse stock split was to combine every 25 shares of outstanding common stock into one new share, with no change in authorized shares or par value per share. On December 20, 2018, the Company filed a Certificate of Change with the Secretary of State of Nevada to affect another 1-for-25 reverse stock split of the Company’s (a) authorized shares of common stock (from 500,000,000 shares to 20,000,000 shares); and (b) issued and outstanding shares of common stock. The reverse stock split was effective on December 24, 2018. The effect of the reverse stock split was to combine every 25 shares of outstanding common stock into one new share, with a proportionate 1-for-25 reduction in the Company’s authorized shares of common stock, but no change in the par value per share of the common stock. Effective on April 10, 2019, the Company filed, with the Secretary of State of Nevada, a Certificate of Amendment to the Company’s Articles of Incorporation to increase the number of the Company’s authorized shares of common stock, $0.001 per value per share, from 20,000,000 shares to 250,000,000 shares. On July 3, 2019, the Company filed a Certificate of Amendment to the Company’s Articles of Incorporation with the Secretary of State of Nevada to affect another 1-for-25 reverse stock split of all outstanding common stock shares of the Company. The reverse stock split was effective on July 8, 2019. The effect of the reverse stock split was to combine every 25 shares of outstanding common stock into one new share, with no change in authorized shares (250,000,000 shares of common stock) or par value per share. On October 28, 2019, the Company filed a Certificate of Change with the Secretary of State of Nevada to affect a 1-for-50 reverse stock split of the Company’s (a) authorized shares of common stock (from 250,000,000 shares to 5,000,000 shares); and (b) issued and outstanding shares of common stock. The reverse stock split was effective on October 29, 2019. The effect of the reverse stock split was to combine every 50 shares of outstanding common stock into one new share, with a proportionate 1-for-50 reduction in the Company’s authorized shares of common stock, but with no change in the par value per share of the common stock. The result of the reverse stock split was to reduce, as of the effective date of the reverse stock split, the number of common stock shares outstanding from approximately 74.5 million shares to approximately 1.5 million shares (prior to rounding). Effective on April 16, 2020, Camber filed a Certificate of Amendment to its Articles of Incorporation to increase its authorized shares of common stock to 25 million shares of common stock. Proportional adjustments were made to the conversion and exercise prices of the Company’s outstanding convertible preferred stock, warrants and stock options, and to the number of shares issued and issuable under the Company’s stock incentive plans in connection with each of the reverse splits described above. The reverse stock splits did not affect any stockholder’s ownership percentage of the Company’s common stock, except to the limited extent that the reverse stock splits resulted in any stockholder owning a fractional share. Fractional shares of common stock were rounded up to the nearest whole share based on each holder’s aggregate ownership of the Company. All issued and outstanding shares of common stock, conversion terms of preferred stock, options and warrants to purchase common stock and per share amounts contained in the financial statements, in accordance with Staff Accounting Bulletin (SAB) TOPIC 4C, have been retroactively adjusted to reflect the reverse splits for all periods presented.

LIQUIDITY AND GOING CONCERN CON

LIQUIDITY AND GOING CONCERN CONSIDERATIONS	12 Months Ended
LIQUIDITY AND GOING CONCERN CONSIDERATIONS	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
LIQUIDITY AND GOING CONCERN CONSIDERATIONS	Note 2 – Liquidity and Going Concern Considerations At March 31, 2020, the Company’s total current assets of $1.1 million were less than its total current liabilities of approximately $2.0 million, resulting in a working capital deficit of $0.9 million, while at March 31, 2019, the Company’s total current assets of $8.2 million exceeded its total current liabilities of approximately $2.1 million, resulting in working capital of $6.1 million. The reduction from working capital of $6.1 million to a working capital deficit of $0.9 million is due to losses from continuing operations, costs incurred with the Lineal merger and ultimate divestiture with Lineal as discussed below under “ Note 12 - Merger Agreement and Divestiture Note 1 - Organization and Operations of the Company Additionally, recent oil and gas price volatility as a result of geopolitical conditions and the global COVID-19 pandemic have already had, and are expected to continue to have a negative impact on the Company’s financial position and results of operations. Negative impacts could include, but are not limited to, the Company’s ability to sell its oil and gas production, reduction in the selling price of the Company’s oil and gas, failure of a counterparty to make required payments, possible disruption of production as a result of worker illness or mandated production shutdowns or ‘stay-at-home’ orders, and access to new capital and financing. The factors above raise substantial doubt about the Company’s ability to continue to operate as a going concern for the twelve months following the issuance of these financial statements. The Company believes that it may not have sufficient liquidity to meet its operating costs unless it can raise new funding, which may be through the sale of debt or equity or unless it closes the Viking Merger (discussed below), which is the Company’s current plan, which Merger is anticipated to close in the third calendar quarter of 2020, and which required closing date is currently September 30, 2020, but can be extended until up to December 31, 2020, pursuant to certain conditions in the Merger Agreement. There is no guarantee though that the Viking merger will be completed or other sources of funding be available. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. The Company had no secured debt outstanding as of March 31, 2020. During the years ended March 31, 2020 and 2019, the Company sold 525 shares and 1,577 shares, respectively, of Series C Preferred Stock pursuant to the terms of various Stock Purchase Agreements, for total proceeds of $5 million and $15 million, respectively. N&B Energy Asset Disposition Agreement On July 12, 2018, the Company entered into an Asset Purchase Agreement (as amended by the First Amendment to the Sale Agreement dated August 3, 2018 and the Second Amendment to Sale Agreement dated September 24, 2018, the “ Sale Agreement Azar Seay Disposed Assets IBC Bank Assumption Agreement On September 26, 2018, the Company entered into an Assumption Agreement (the “ Assumption Agreement CE Operating RAD2 Guarantors Pursuant to the Assumption Agreement, N&B Energy agreed to assume all of the Company’s liabilities and obligations owed to IBC Bank and IBC Bank approved the transactions contemplated by the Sale Agreement and the assumption by N&B Energy of all of the amounts and liabilities which the Company owed to IBC Bank (collectively, the “ IBC Obligations N&B Energy Sale Agreement Closing On September 26, 2018, the transactions contemplated by the Sale Agreement closed and N&B Energy assumed all of the IBC Obligations (pursuant to the Assumption Agreement described above) and paid the Company $100 in cash, and the Company transferred ownership of the Assets to N&B Energy. Notwithstanding the sale of the Assets, the Company retained its assets in Glasscock and Hutchinson Counties, Texas and also retained a 12.5% production payment (effective until a total of $2.5 million has been received) and a 3% overriding royalty interest, in its prior Okfuskee County, Oklahoma assets; and retained an overriding royalty interest on certain other undeveloped leasehold interests, pursuant to an Assignment of Production Payment and Assignment of Overriding Royalty Interests. The effective date of the Sale Agreement was August 1, 2018. The Assets were assigned “ as is As a result of the Assumption Agreement and the Sale Agreement, the Company reduced its liabilities by $37.9 million and its assets by approximately $12.1 million. The following table summarizes the net assets sold and gain recognized in connection with the Assumption Agreement and Sale Agreement: Transaction Summary Assumption of IBC Bank Loan $ 36,943,617 Assumption of ARO Liability 699,536 Assumption of Capital Lease Obligations and Other 287,074 Cash Received at Closing 100 Oil and Gas Properties Transferred (12,122,081 ) Total Gain on Sale $ 25,808,246

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Mar. 31, 2020
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Note 3 – Summary of Significant Accounting Policies Principles of Consolidation The financial statements of Camber Energy include the accounts of its wholly-owned subsidiaries, Camber Permian LLC, a Texas limited liability company, which is wholly-owned, CE Operating, LLC, an Oklahoma limited liability company, which is wholly-owned, and C E Energy LLC, a Texas limited liability company, which is wholly-owned, and which will be assigned to PetroGlobe shortly after the date of this report, as discussed below under “ Note 10 – Commitments and Contingencies Legal Proceedings Reclassifications Certain reclassifications have been made to the prior year financial statements to conform them with the current year presentation. These reclassifications had no effect on the reported results of operations. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Camber’s financial statements are based on a number of significant estimates, including oil and natural gas reserve quantities which are the basis for the calculation of depreciation, depletion and impairment of oil and natural gas properties, and timing and costs associated with its asset retirement obligations, as well as those related to the fair value of stock options, stock warrants and stock issued for services. While the Company believes that its estimates and assumptions used in preparation of the financial statements are appropriate, actual results could differ from those estimates. Cash and Cash Equivalents Cash and cash equivalents include cash in banks and financial instruments which mature within three months of the date of purchase. The Company maintains cash and cash equivalents in bank deposit accounts, which at times may exceed federally insured limits of $250,000. At March 31, 2020 and 2019, the Company’s cash in excess of the federally insured limit was $399,833 and $7,463,944, respectively. Historically, the Company has not experienced any losses in such accounts. The Company had no cash equivalents at March 31, 2020 or 2019, respectively. Accounts Receivable Accounts receivable, net, include amounts due for oil and gas revenues from prior month production, accrued interest on the notes receivable due from Lineal and Viking and an estimate of amounts due from N&B Energy related to the September 2018 Sale Agreement. The allowance for doubtful accounts is the Company’s best estimate of the probable amount of credit losses in the Company’s existing accounts receivable. At March 31, 2020 and March 31, 2019, there were allowances for doubtful accounts of approximately $208,000 and $190,000, respectively, included in accounts receivable, and there were bad debts of $17,694 and $0, recognized for the years ended March 31, 2020 and 2019, respectively. Notes Receivable Notes receivable includes the $5,000,000 note from Viking as described in “ Note 6 – Long-Term Notes Receivable Note 5 – Plan of Merger and Investment in Unconsolidated Entity Note 6 – Long-Term Notes Receivable Note 12 – Merger Agreement and Divestiture Property and Equipment Property and equipment are recorded at cost and depreciated using the straight-line method over their useful lives. Amortization of the equipment under capital leases related to the Lineal operations was computed using the straight-line method over lives ranging from 3 to 5 years and is included in depreciation expense. Costs of maintenance and repairs were charged to expense when incurred. Long-lived assets including intangible assets are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If an evaluation is required, the estimated future undiscounted cash flows associated with the asset are compared to the assets carrying amount to determine if an impairment of such asset is necessary. This evaluation, as well as an evaluation of our intangible assets, requires the Company to make long-term forecasts of the future revenues and costs related to the assets subject to review. Forecasts require assumptions about demand for the Company’s services and future market conditions. Estimating future cash flows requires significant judgment, and the Company’s projections may vary from the cash flows eventually realized. Future events and unanticipated changes to assumptions could require a provision for impairment in a future period. The effect of any impairment would be to expense the difference between the fair value (less selling costs) of such asset and its carrying value. Such expense would be reflected in earnings. No impairments were deemed necessary for the years ended March 31, 2020 and 2019, respectively. Investment in Unconsolidated Entities The Company accounts for its investment in unconsolidated entities under the equity method of accounting when it owns less than 51% of a controlling interest and does not have the ability to exercise significant influence over the operating and financial policies of the entity. The investment is adjusted accordingly for dividends or distributions it receives and its proportionate share of earnings or losses of the entity. The current investment in unconsolidated entities is a 25% in interest in Elysium Energy, LLC, which is involved in oil and gas exploration and production in the United States. The balance sheet of Elysium Energy, LLC at March 31, 2020 included current assets of $4.0 million, total assets of $37.7 million, total liabilities of $34.0 million and net assets of $3.7 million. Additionally, the income statement for Elysium Energy, LLC for the period from February 3, 2020 (the date of investment) through March 31, 2020 included total revenues of $4.0 million and net income of $3.8 million. See also “ Note 5 – Plan of Merger and Investment in Unconsolidated Entity Goodwill Goodwill is tested for impairment annually and whenever events or circumstances make it more likely than not that an impairment may have occurred. Goodwill is reviewed for impairment at the reporting unit level, which is defined as operating segments or groupings of businesses one level below the operating segment level. The Company’s operating segments are the same as the reporting units used in its goodwill impairment test. Goodwill is tested for impairment by comparing the estimated fair value of a reporting unit, determined using a market approach, if market prices are available, or alternatively, a discounted cash flow model, with its carrying value. The annual evaluation of goodwill requires the use of estimates about future operating results, valuation multiples and discount rates of each reporting unit to determine their estimated fair value. Changes in these assumptions can materially affect these estimates. Once an impairment of goodwill has been recorded, it cannot be reversed. The Company recognized goodwill during the three months ended September 30, 2019 in conjunction with the Lineal Merger, which was written off during the quarter ended December 31, 2019 as a result of the Lineal Divestiture as discussed in “ Note 12 – Merger Agreement and Divestiture Revenue Recognition Exploration and Production Revenue The Company’s revenue for its exploration and production operations are comprised entirely of revenue from exploration and production activities. The Company’s oil is sold primarily to marketers, gatherers, and refiners. Natural gas is sold primarily to interstate and intrastate natural-gas pipelines, direct end-users, industrial users, local distribution companies, and natural-gas marketers. Natural gas liquids (“ NGLs Contracts with customers have varying terms, including month-to-month contracts, and contracts with a finite term. The Company recognizes sales revenues for oil, natural gas, and NGLs based on the amount of each product sold to a customer when control transfers to the customer. Generally, control transfers at the time of delivery to the customer at a pipeline interconnect, the tailgate of a processing facility, or as a tanker lifting is completed. Revenue is measured based on the contract price, which may be index-based or fixed, and may include adjustments for market differentials and downstream costs incurred by the customer, including gathering, transportation, and fuel costs. Revenues are recognized for the sale of the Company’s net share of production volumes. Sales on behalf of other working interest owners and royalty interest owners are not recognized as revenues. Oil and Gas Services Revenue The majority of Lineal’s oil and gas service revenue is derived from contracts and projects that typically span between 3 to 12 months. The oil and gas service contracts have a single performance obligation as the promise to transfer the individual goods or services is not separately identifiable from other promises in the contracts and, therefore, not distinct. Lineal’s construction contracts are recognized over time because of the continuous transfer of control to the customer as all of the work is performed at the customer’s site and, therefore, the customer controls the asset as it is being constructed. Contract costs include labor, material, and indirect costs. Accounting for long-term contracts and programs involves the use of various techniques to estimate total contract revenue and costs. For long-term contracts, Lineal estimates the profit on a contract as the difference between the total estimated revenue and expected costs to complete a contract and recognize that profit over the life of the contract. Contract estimates are based on various assumptions to project the outcome of future events. These assumptions include labor productivity and availability, the complexity of the work to be performed, the cost and availability of materials, and the performance of subcontractors. The timing of revenue recognition, billings and cash collections results in billed accounts receivable and costs and estimated earnings in excess of billings on uncompleted contracts (contract assets) on the consolidated balance sheet. On Lineal’s construction contracts, amounts are billed as work progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., biweekly or monthly) or upon achievement of contractual milestones. Generally, billing occurs prior to revenue recognition, resulting in contract liabilities. These assets and liabilities are reported on the consolidated balance sheet on a contract-by-contract basis at the end of each reporting period. Fair Value of Financial Instruments Accounting Standards Codification (“ ASC ● Level 1 – Quoted prices in active markets for identical assets or liabilities. ● Level 2 – Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities that are not active; and model-driven valuations whose inputs are observable or whose significant value drivers are observable. Valuations may be obtained from, or corroborated by, third-party pricing services. ● Level 3 – Unobservable inputs to measure fair value of assets and liabilities for which there is little, if any market activity at the measurement date, using reasonable inputs and assumptions based upon the best information at the time, to the extent that inputs are available without undue cost and effort. As of March 31, 2020 and March 31, 2019, the significant inputs to the Company’s derivative liability and mezzanine equity calculations were Level 3 inputs. Concentration of Credit Risk The Company generally sells a significant portion of its oil and gas production to a relatively small number of customers. For the year ended March 31, 2020, the Company’s consolidated revenues were from the sale of oil, gas and natural gas liquids under marketing contracts primarily with Apache Corporation. For the year ended March 31, 2019, the Company’s consolidated revenues were from the sale of oil, gas and natural gas liquids under marketing contracts primarily with Superior Pipeline Company, Scissortail Energy, LLC and Apache Corporation. The Company has alternative purchasers available at competitive market prices if there is disruption in services or other events that cause the Company to search for other ways to sell the Company’s production. During the year ended March 31, 2020, one customer accounted for 92% of total revenues. During the year ended March 31, 2019, three customers accounted for 84% of total revenues. The Company does not believe the loss of any customer will have a material effect on the Company because alternative customers are readily available. Oil and Natural Gas Properties, Full Cost Method Camber uses the full cost method of accounting for oil and natural gas producing activities. Costs to acquire mineral interests in oil and natural gas properties, to drill and equip exploratory wells used to find proved reserves, and to drill and equip development wells including directly related overhead costs and related asset retirement costs are capitalized. Under this method, all costs, including internal costs directly related to acquisition, exploration and development activities are capitalized as oil and natural gas property costs on a country-by-country basis. Costs not subject to amortization consist of unproved properties that are evaluated on a property-by-property basis. Amortization of these unproved property costs begins when the properties become proved or their values become impaired. Camber assesses overall values of unproved properties, if any, on at least an annual basis or when there has been an indication that impairment in value may have occurred. Impairment of unproved properties is assessed based on management’s intention with regard to future development of individually significant properties and the ability of Camber to obtain funds to finance their programs. If the results of an assessment indicate that the properties are impaired, the amount of the impairment is added to the capitalized costs to be amortized. Sales of oil and natural gas properties are accounted for as adjustments to the net full cost pool with no gain or loss recognized, unless the adjustment would significantly alter the relationship between capitalized costs and proved reserves. If it is determined that the relationship is significantly altered, the corresponding gain or loss will be recognized in the statements of operations. Ceiling Test In applying the full cost method, Camber performs an impairment test (ceiling test) at each reporting date, whereby the carrying value of property and equipment is compared to the “ estimated present value During the year ended March 31, 2020, no impairments were recorded. During the year ended March 31, 2019, the Company recorded impairments totaling $1.3 million that were primarily related to unproved properties due to expirations of leaseholds. Asset Retirement Obligations The Company records the fair value of a liability for asset retirement obligations (“ ARO Other Property and Equipment Other property and equipment are stated at cost and consist primarily of furniture and computer equipment. Depreciation is computed on a straight-line basis over the estimated useful lives. Income Taxes Deferred income taxes are provided on the liability method whereby deferred tax assets are recognized for deductible temporary differences and operating losses and tax credit carry-forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and accrued tax liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Camber has evaluated and concluded that there are no significant uncertain tax positions requiring recognition in the Company’s financial statements as of March 31, 2020 and 2019. The Company’s policy is to classify assessments, if any, for tax related interest expense and penalties as interest expense. Earnings per Common Share Basic and diluted income (loss) per share calculations are calculated on the basis of the weighted average number of shares of the Company’s common stock outstanding during the year. Diluted earnings per share give effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted earnings per share, the average stock price for the period is used to determine the number of shares assumed to be purchased from the exercise price of the options and warrants. Purchases of treasury stock reduce the outstanding shares commencing on the date that the stock is purchased. Common stock equivalents are excluded from the calculation when a loss is incurred as their effect would be anti-dilutive. Share-Based Compensation Camber measures the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award over the vesting period. Recently Adopted Accounting Pronouncements ASC 2014-09, “ Revenue from Contracts with Customers (Topic 606) Note 11 – Revenue from Contracts with Customers In November 2016, the Financial Accounting Standards Board (“ FASB ASU In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230). ASU 2016-15 seeks to reduce the existing diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This update is effective for fiscal years beginning after December 15, 2017. The Company adopted this ASU on April 1, 2018 and the adoption did not have a significant impact to the Company’s consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, Business Combinations: Clarifying the Definition of a Business outputs Revenue from Contracts with Customers In May 2017, the FASB issued ASU 2017-09, “ Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting In February 2016, the FASB issued ASU No. 2016.02 “ Leases (Topic 842) Leases (Topic 842): Targeted Improvements In addition, the Company elected practical expedients provided by the new standard, and the Company has elected to not reassess its prior conclusions about lease identification, lease classification, and initial direct costs and to retain off-balance sheet treatment of short-term leases (i.e., 12 months or less which do not contain purchase options that the Company is reasonably likely to exercise). As a result of the short-term expedient election, the Company does not have leases that require the recording of a net lease asset and lease liability on the Company’s consolidated balance sheet or have a material impact on consolidated earnings or cash flows as of April 1, 2019. Moving forward, the Company will evaluate any new lease commitments for application of Topic 842. In August 2018, the FASB issued ASU 2018-13, “ Disclosure Framework: Changes to the Disclosure Requirements for Fair Value Measurement, Effective January 1, 2020, the Company adopted the Financial Accounting Standards Board’s update, Financial Instruments – Credit Losses (Topic 326), as amended. The standard requires a valuation allowance for credit losses be recognized for certain financial assets that reflects the current expected credit loss over the asset’s contractual life. The valuation allowance considers the risk of loss, even if remote, and considers past events, current conditions and expectations of the future. The standard did not have a material impact on the Company’s financial statements Recently Issued Accounting Pronouncements The Company does not believe that any recently issued effective pronouncements, or pronouncements issued but not yet effective, if adopted, would have a material effect on the accompanying consolidated financial statements. Subsequent Events The Company has evaluated all transactions through the date the consolidated financial statements were issued for subsequent event disclosure consideration.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
PROPERTY AND EQUIPMENT	Mar. 31, 2020
Property and Equipment
PROPERTY AND EQUIPMENT	NOTE 4 – PROPERTY AND EQUIPMENT Oil and Gas Properties Camber uses the full cost method of accounting for oil and natural gas producing activities. Costs to acquire mineral interests in oil and natural gas properties, to drill and equip exploratory wells used to find proved reserves, and to drill and equip development wells including directly related overhead costs and related asset retirement costs are capitalized. Under this method, all costs, including internal costs directly related to acquisition, exploration and development activities are capitalized as oil and natural gas property costs on a country-by-country basis. Costs not subject to amortization consist of unproved properties that are evaluated on a property-by-property basis. Amortization of these unproved property costs begins when the properties become proved or their values become impaired. Camber assesses overall values of unproved properties, if any, on at least an annual basis or when there has been an indication that impairment in value may have occurred. Impairment of unproved properties is assessed based on management’s intention with regard to future development of individually significant properties and the ability of Camber to obtain funds to finance its programs. If the results of an assessment indicate that the properties are impaired, the amount of the impairment is added to the capitalized costs to be amortized. Sales of oil and natural gas properties are accounted for as adjustments to the net full cost pool with no gain or loss recognized, unless the adjustment would significantly alter the relationship between capitalized costs and proved reserves. If it is determined that the relationship is significantly altered, the corresponding gain or loss will be recognized in the statements of operations. Costs of oil and natural gas properties are amortized using the units of production method. Amortization expense calculated per equivalent physical unit of production amounted to $1.30 and $1.18 per barrel of oil equivalent for the year ended March 31, 2020 and 2019, respectively. All of Camber’s oil and natural gas properties are located in the United States. Costs being amortized at March 31, 2020 and 2019 are as follows: 2020 2019 Oil and gas properties subject to amortization $ 50,352,033 $ 50,352,306 Oil and gas properties not subject to amortization 28,016,989 28,016,989 Capitalized asset retirement costs 91,850 176,649 Total oil & natural gas properties 78,460,872 78,545,944 Accumulated depreciation, depletion, and impairment (78,350,605 ) (78,333,628 ) Net Capitalized Costs $ 110,267 $ 212,316 Impairments For the year ended March 31, 2020, the Company recorded no impairments. For the year ended March 31, 2019, the Company recorded impairments totaling $1,304,785, which were due to lease expirations. Additions and Depletion During the years ended March 31, 2020 and 2019, the Company incurred costs of approximately $0 and $2.1 million, respectively, for technical and other capital enhancements to extend the lives of the Company’s wells. Additionally, the Company recorded $16,977 and $473,521 for depletion for the years ended March 31, 2020 and 2019, respectively. Disposition of Oil and Natural Gas Properties On July 12, 2018, the Company entered into the Sale Agreement, as seller, with N&B Energy as purchaser. Pursuant to the Sale Agreement, the Company agreed to sell to N&B Energy a substantial portion of its assets, including all of the assets acquired pursuant to the terms of the December 31, 2015 Asset Purchase Agreement and certain other acquisitions, other than a production payment and overriding royalty interests (the “ Disposed Assets Leases As part of the Lineal Acquisition, the Company acquired various operating and finance leases for sales and administrative offices, motor vehicles and machinery and equipment. Due to the Redemption Agreement discussed below in “ Note 12 – Merger Agreement and Divestiture Effective August 1, 2018, the Company entered into a month-to-month lease at 1415 Louisiana, Suite 3500, Houston, Texas 77002. The entity providing use of the space without charge is affiliated with the Company’s Chief Financial Officer.

PLAN OF MERGER AND INVESTMENT I

PLAN OF MERGER AND INVESTMENT IN UNCONSOLIDATED ENTITY	12 Months Ended
PLAN OF MERGER AND INVESTMENT IN UNCONSOLIDATED ENTITY	Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
PLAN OF MERGER AND INVESTMENT IN UNCONSOLIDATED ENTITY	NOTE 5 – PLAN OF MERGER AND Investment in Unconsolidated ENTITY Viking Plan of Merger and Related Transactions On February 3, 2020, the Company and Viking entered into a merger agreement (the “ Merger Agreement Merger Sub A further requirement to the closing of the Merger was that the Company was required to have acquired 25% of Viking’s subsidiary Elysium Energy, LLC (“ Elysium Note 19 – Subsequent Events Reason for Termination Percentage of Elysium Retained by Camber The reasonable likelihood that the combined company will not meet the initial listing requirements of the NYSE American, required regulatory approvals will not be obtained, or the registration statement on Form S-4 will not be declared effective, through no fault of Camber or Viking 20%* Termination of the Merger Agreement by either party, through no fault of Camber 25%* Termination of the Merger Agreement due to a material breach of the Merger Agreement by Camber or its disclosure schedules 0%* Termination of the Merger Agreement for any reason and in the event the Secured Notes (defined below) are not repaid within 90 days of the date of termination and the Additional Payment (defined below) is not made. 30% *Assumes the payment of Secured Notes within 90 days of the date of termination of the Merger Agreement and the Additional Payment (defined below) is made. The Merger Agreement provides that the Secured Notes (defined below) will be forgiven in the event the Merger closes, and the Secured Notes will be due 90 days after the date that the Merger Agreement is terminated by any party for any reason, at which time an additional payment shall also be due to the Company and payable by Viking in an amount equal to (i) 115.5% of the original principal amount of the Secured Notes, minus (ii) the amount due to the Company pursuant to the terms of the Secured Notes upon repayment thereof (the “ Additional Payment A required condition to the entry into the Merger was that the Company loan Viking $5 million, pursuant to the terms of a Securities Purchase Agreement, which was entered into on February 3, 2020 (the “ SPA Secured Note The Secured Note is convertible into common shares of Viking at a conversion price of $0.24 per share at any time after March 4, 2020, and before the 15th day after Viking’s common stock has traded at an average daily price of at least $0.55 for 15 consecutive business days (at which point the Secured Note is no longer convertible), provided that the Company is restricted from converting any portion of the Secured Note into Viking’s common stock if upon such conversion the Company would beneficially own more than 4.99% of Viking’s common stock (which percentage may be increased or decreased, with 61 days prior written notice to Viking, provided that such percentage cannot under any circumstances be increased to greater than 9.99%). As additional consideration for the Company making the loan to Viking, Viking assigned the Company a 25% interest in Elysium pursuant to the terms of an Assignment of Membership Interests dated February 3, 2020. Subsequently, on June 25, 2020, as discussed in greater detail below under “ Note 19 – Subsequent Events Secured Notes Investment in Unconsolidated Entity The Company accounts for its investment in unconsolidated entities under the equity method of accounting when it owns less than 51% of a controlling interest and does not have the ability to exercise significant influence over the operating and financial policies of the entity. The Company owns 25% of Elysium as of March 31, 2020, as discussed above, and accounts for such ownership under the equity method of accounting. The investment is adjusted accordingly for dividends or distributions it receives and its proportionate share of earnings or losses of the entity. Elysium is involved in oil and gas exploration and production in the United States. The balance sheet of Elysium at March 31, 2020 included current assets of $4.0 million, total assets of $37.7 million, total liabilities of $34.0 million and net assets of $3.7 million. Additionally, the income statement for Elysium for the period from February 3, 2020 (the date acquired) through March 31, 2020 included total revenues of $4.0 million and net income of $3.8 million. Table below shows the changes in the Investment in entities for the years ended March 31, 2020 and 2019, respectively: 2020 2019 Carrying amount at beginning of year $ — $ — Investment in Elysium — — Proportionate Share of Elysium Earnings 957,169 — Carrying amount at end of year $ 957,169 $ —

LONG-TERM NOTES RECEIVABLE

LONG-TERM NOTES RECEIVABLE	12 Months Ended
LONG-TERM NOTES RECEIVABLE	Mar. 31, 2020
Receivables [Abstract]
LONG-TERM NOTES RECEIVABLE	NOTE 6 – LONG-TERM NOTES RECEIVABLE Long-term notes receivable as of March 31, 2020 and 2019 are comprised of: March 31, 2020 March 31, 2019 Note receivable from Viking Energy Group, Inc. pursuant to a 10.5% Secured Promissory Note dated February 3, 2020 in the original principal amount of $5,000,000, having an annual interest rate of 10.5%, with interest due quarterly beginning on May 1, 2020, maturing February 3, 2022. Accrued and unpaid interest of $83,425 is included in accounts receivable at March 31, 2020. The Note is secured by secured interests in 6 Viking Energy Group, Inc. subsidiaries. See also “ Note 5 - Plan of Merger and Investment in Unconsolidated Entity $ 5,000,0000 $ — Note receivable from Lineal Star Holdings, LLC pursuant to a Promissory Note dated effective December 31, 2019, in the original principal amount of $1,539,719, accruing annual interest of 10.5%, due quarterly beginning on March 31, 2020, maturing December 31, 2021, with accrued and unpaid interest of $37,966 included in accounts receivable at March 31, 2020. See also “ Note 12 - Merger Agreement and Divestiture 1,539,719 — Note receivable from Lineal Star Holdings, LLC pursuant to a Promissory Note No. 2 dated effective December 31, 2019, in the original principal amount of $800,000, accruing annual interest of 8%, due quarterly beginning on March 31, 2020, maturing December 31, 2021, with accrued and unpaid interest of $15,781 included in accounts receivable at March 31, 2020. See also “ Note 12 - Merger Agreement and Divestiture 800,000 — Less: current maturities — — Total $ 7,339,719 $ —

ASSET RETIREMENT OBLIGATIONS

ASSET RETIREMENT OBLIGATIONS	12 Months Ended
ASSET RETIREMENT OBLIGATIONS	Mar. 31, 2020
Asset Retirement Obligation Disclosure [Abstract]
ASSET RETIREMENT OBLIGATIONS	NOTE 7 – ASSET RETIREMENT OBLIGATIONS The following table presents the reconciliation of the beginning and ending aggregate carrying amounts of long-term legal obligations associated with the future retirement of oil and natural gas properties for the years ended March 31, 2020 and 2019: 2020 2019 Carrying amount at beginning of year $ 303,809 $ 979,159 Payments (149,910 ) — Accretion 2,920 4,725 Dispositions — (699,536 ) Revisions of previous estimates (85,069 ) 19,461 Carrying amount at end of year $ 71,750 $ 303,809 Camber has short-term obligations of $30,227 and $0 related to the plugging liabilities at March 31, 2020 and 2019, respectively.

NOTES PAYABLE AND DEBENTURE

NOTES PAYABLE AND DEBENTURE	12 Months Ended
NOTES PAYABLE AND DEBENTURE	Mar. 31, 2020
Debt Disclosure [Abstract]
NOTES PAYABLE AND DEBENTURE	NOTE 8 – NOTES PAYABLE AND DEBENTURE The Company had no notes payable or debenture outstanding as of March 31, 2020 2019. Debenture On October 31, 2018, an accredited institutional investor, Discover Growth Fund LLC (“ Discover

DERIVATIVE LIABILITIES

DERIVATIVE LIABILITIES	12 Months Ended
DERIVATIVE LIABILITIES	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE LIABILITIES	NOTE 9 – DERIVATIVE LIABILITIES The Company has determined that certain warrants the Company has issued contain provisions that protect holders from future issuances of the Company’s common stock at prices below such warrants’ respective exercise prices and these provisions could result in modification of the warrants’ exercise price based on a variable that is not an input to the fair value of a “ fixed-for-fixed Lower Price Activities for derivative warrant instruments during the years ended March 31, 2020 and 2019 were as follows: 2020 2019 Carrying amount at beginning of period $ 5 $ 5 Change in fair value (5 ) — Carrying amount at end of period $ — $ 5 The fair value of the derivative warrants was calculated using the Black-Scholes pricing model. Variables used in the Black Scholes pricing model as of March 31, 2019 include (1) discount rate of 2.20%, (2) expected term of 0.10 years, (3) expected volatility of 253.77%, and (4) zero expected dividends. As of March 31, 2020, the Company had 2,294 shares of Series C Preferred Stock issued and outstanding, which shares of preferred stock are convertible into common stock of the Company pursuant to their terms. Such preferred stock is convertible, if converted in full, into more shares of common stock than the Company currently has authorized. Typically this would require the common stock equivalents to be considered tainted derivative instruments, and the Company to record a derivative liability for the aggregate fair value of the tainted securities; however, due to the low probability of the conversion of the Series C Preferred Stock; the ownership limitation therewith, which prevents the holder of such preferred stock from converting such preferred stock into common stock, if upon such conversion such holder would own more than 9.99% of the Company’s then outstanding shares of common stock; and the de minimis value of the tainted securities, the Company has determined that no fair value has to be recorded at this time.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 10 – COMMITMENTS AND CONTINGENCIES Office Lease Note 4 Property and Equipment –Leases During March and April 2018, the Company purchased certain equipment pursuant to capital leases. The effective borrowing rate was approximately 35%, and all obligations were due by December 2018. In conjunction with the assignment of the liabilities owed under the IBC Bank loan agreements to N&B Energy in September 2018, as discussed under “ Note 2 – Liquidity and Going Concern Considerations Assumption Agreement Lineal (which as of December 31, 2019 has been completely divested in connection with the Lineal Divestiture discussed in “ Note 12 – Merger Agreement and Divestiture Legal Proceedings. Maranatha Oil Matter In November 2015, Randy L. Robinson, d/b/a Maranatha Oil Co. sued the Company in Gonzales County, Texas (Cause No. 26160). The plaintiff alleged that it assigned oil and gas leases to the Company in April 2010, retaining a 4% overriding royalty interest and 50% working interest and that the Company failed to pay such overriding royalty interest or royalty interest. The interests relate to certain oil and gas properties which the Company subsequently sold to Nordic Oil USA in April 2013. The petition alleges causes of actions for breach of contract, failure to pay royalties, non-payment of working interest, fraud, fraud in the inducement of contract, money had and received, constructive trust, violation of theft liability act, continuing tort and fraudulent concealment. The suit seeks approximately $100,000 in amounts alleged owed, plus pre-and post-judgment interest. The Company has filed a denial to the claims and intends to vehemently defend itself against the allegations. PetroGlobe Energy Holdings, LLC and Signal Drilling, LLC In March 2019, PetroGlobe and Signal sued the Company in the 316 th On January 31, 2020, the Company entered into a Compromise Settlement Agreement (the “ Settlement Agreement PetroGlobe Signal Petrolia PGCO CRTC The Company recognized a net settlement cost of $204,842 included on the statement of operations for the year ended March 31, 2020 in connection with the settlement, which is expected to close shortly after the date of this report. The Company has since brought the applicable wells into regulatory compliance to the extent such compliance was required by the Railroad Commission of Texas and the Company is in the process of assigning to PetroGlobe all of its right, title and interest in all wells, leases, royalties, minerals, equipment, and other tangible assets associated with specified wells and properties, which is expected to be completed shortly after the date of this report. The Company also plans to assign all of its membership interests in CE to Petrolia shortly after the date of this report. The Company released the parties to the Settlement Agreement, including Ian Acrey, individually, as well as their officers, directors, or members from any claims asserted in the lawsuit, and the parties to the Settlement Agreement along with Ian Acrey, individually, released the Company, its officers, directors, shareholders and affiliate corporations from any claims asserted in the lawsuit. The Company did not release any claims or causes of action against N&B Energy, LLC, Sezar Energy, LLP related to Richard Azar, or any of their affiliates, or predecessors, or successors. The parties filed a motion and order to dismiss the lawsuit with prejudice shortly after execution of the Settlement Agreement. Apache Corporation In December 2018, Apache Corporation (“ Apache N&B Energy On September 12, 2019, N&B Energy filed a petition in the District Court for the 285 th

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	12 Months Ended
REVENUE FROM CONTRACTS WITH CUSTOMERS	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	NOTE 11 – REVENUE FROM CONTRACTS WITH CUSTOMERS Oil and Gas Contracts The following table disaggregates revenue by significant product type for the years ended March 31, 2020 and 2019, respectively: 2020 2019 Oil sales $ 296,036 $ 526,365 Natural gas sales 37,049 772,105 Natural gas liquids sales 64,033 1,443,632 Total oil and gas revenue from customers $ 397,118 $ 2,742,102

MERGER AGREEMENT AND DIVESTITUR

MERGER AGREEMENT AND DIVESTITURE	12 Months Ended
MERGER AGREEMENT AND DIVESTITURE	Mar. 31, 2020
Business Combinations [Abstract]
MERGER AGREEMENT AND DIVESTITURE	NOTE 12 – MERGER AGREEMENT AND DIVESTITURE Merger Agreement On July 8, 2019 (the “ Closing Date In connection with the Lineal Plan of Merger, the Company entered into several other agreements, including (a) a Security Exchange Agreement dated July 8, 2019 (the “ Exchange Agreement Discover Growth Funding Agreement July 2019 Lineal Note Also as part of the Lineal Merger, the Company designated three new series of preferred stock, (1) Series D Convertible Preferred Stock (the “ Series D Preferred Stock Series D Designation Series E Preferred Stock Series E Designation Series F Preferred Stock Series F Designation Series E and F Preferred Stock Series C Preferred Stock Series C Designation The Lineal Plan of Merger, Series D Designation and Series E Designation, provided that, effective upon the date that the stockholders of the Company had approved the Lineal Plan of Merger and issuance of shares in connection therewith (the “ Stockholder Approval Stockholder Approval Date Pursuant to the Lineal Plan of Merger, Merger Sub merged with and into Lineal, with Lineal continuing as the surviving entity in the Lineal Merger and as a wholly-owned subsidiary of the Company. The Funding Agreement required the Company to fund $1,050,000 in immediately available funds to Lineal (the “ Loan The consideration paid for the acquisition was as follows: Series E Preferred Shares $ 18,701,000 Series F Preferred Shares 1,417,000 Total consideration $ 20,118,000 The Series E Preferred Shares and the Series F Preferred Shares were determined to be contingently redeemable preferred stock and were accounted for as mezzanine equity. The fair value of the instruments was determined using an income valuation approach to estimated cash flows of the acquired business, analysis of the terms and rights of each class of equity instrument issued by the Company and an assessment of the probability of the various scenarios that could occur depending on the outcome of the Stockholder Approval vote, and the impact each scenario would have on the capital structure of the Company. Subsequent to the date of the Lineal Merger, the instruments will be assessed to determine whether it is probable of the instruments being redeemed as a result of contingencies being resolved. When it is deemed probable, the fair value will be adjusted to the new estimate of fair value in that period. The allocation of the preliminary purchase price to the assets and liabilities acquired in connection with the Lineal Merger was based on the current values of the assets and liabilities of Lineal as of the Lineal Merger date on July 8, 2019 and are as follows: Cash $ 449,763 Accounts receivable 2,776,477 Deferred tax assets 34,000 Cost in excess of billings 944,250 Property and equipment 1,436,920 Right of use asset – operating leases 913,396 Other current assets and deposits 60,132 Goodwill 17,992,118 Accounts payable – trade (400,889 ) Accrued and other liabilities (893,013 ) Operating lease liabilities (913,396 ) Finance lease liabilities (313,472 ) Loan Payable – shareholder (492,337 ) Notes payable (1,475,949 ) Net assets acquired $ 20,118,000 The total purchase price was allocated to the acquired tangible and intangible assets and liabilities of Lineal based on their estimated fair values as of the purchase closing date. The excess of the purchase price over the fair value of assets and liabilities acquired was allocated to goodwill. Divestiture On December 31, 2019, the Company entered into, and closed the transactions contemplated by the Redemption Agreement, by and between the Company, Lineal and the Preferred Holders. Pursuant to the Redemption Agreement, the Company redeemed the Company’s Series E and F Preferred Stock issued in connection with the Lineal Merger and ownership of 100% of Lineal was transferred back to the Preferred Holders, and all of the Series E Preferred Stock and Series F Preferred Stock of the Company outstanding were cancelled through the redemption. The Redemption Agreement also provided for (a) the entry by Lineal and the Company into a new unsecured promissory note in the amount of $1,539,719, the outstanding amount of the July 2019 Lineal Note together with additional amounts loaned by Camber to Lineal through December 31, 2019 (the “ December 2019 Lineal Note Lineal Note No. 2 The divestiture resulting from the Redemption Agreement qualifies as a discontinued operation in accordance with U.S. generally accepted accounting principles (“ GAAP The net consideration received for the divestiture was as follows: Return of Series E Preferred Shares $ 14,666,000 Return of Series F Preferred Shares 2,434,000 Total net consideration $ 17,100,000 The fair value of the instruments immediately prior to the divestiture was determined using an income valuation approach to estimate cash flows of the acquired business, analysis of the terms and rights of each class of equity instrument issued by the Company and an assessment of the probability of the various scenarios that could occur depending on the outcome of the Stockholder Approval vote, and the impact each scenario would have on the capital structure of the Company. Immediately prior to the Lineal Disposition, the Company recognized a gain on the change in fair value of the Series E and F Preferred Shares of $3,018,000, included within net loss from discontinued operations. The following table summarizes the assets and liabilities of Lineal which were transferred from the Company to the Preferred Holders, together with Lineal, as part of the Redemption agreement: Cash $ 2,101,879 Accounts receivable 1,673,538 Deferred tax assets 34,000 Cost in excess of billings 497,340 Property and equipment 1,996,229 Right of use asset – operating leases 710,898 Other current assets and deposits 49,275 Goodwill 18,314,222 Accounts payable – trade (260,882 ) Accrued and other liabilities (369,448 ) Billings in excess of costs (445,759) Operating lease liabilities (710,898 ) Finance lease liabilities (237,925 ) Notes payable (3,545,841 ) Net assets divested $ 19,806,628 As a result of the above, the Company recognized a loss on the disposal of the Lineal operations of $2,706,628 included within net loss from discontinued operations. Components of amounts reflected in the Company’s consolidated statements of operations related to discontinued operations are presented in the following table for the year ended March 31, 2020. Year Ended March 31, 2020 Contract revenue $ 9,106,764 Contract costs (7,772,726 ) Depreciation and amortization (155,282 ) Selling, general and administrative (1,649,643 ) Operating loss (470,887 ) Other income 273,037 Interest expense (113,522 ) Net (loss) from discontinued operations (311,372 ) Loss on disposal of business (2,706,628 ) Change in value of preferred stock 3,018,000 Total loss on discontinued operations $ —

INCOME TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Mar. 31, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 13 – INCOME TAXES The Company recorded a provision for income taxes of approximately $0 and $3,000 for the years ended March 31, 2020 and March 31, 2019, respectively. 2020 2019 Current taxes: Federal $ — $ — State — 3,000 — 3,000 Deferred taxes: Federal — — State — — — — Total $ — $ 3,000 The following is a reconciliation between actual tax expense (benefit) and income taxes computed by applying the U.S. federal income tax rate of 21% to income from continuing operations before income taxes for the years ended March 31, 2020 and 2019: 2020 2019 Tax expense (benefit), computed at expected tax rates $ (809,941 ) $ 3,495,692 Nondeductible expenses 3,298 77,473 State taxes net of FIT benefit — 2,370 Return to accrual true-up — 1,490,624 Change in valuation allowance 806,643 (5,063,159 ) Total $ — $ 3,000 Tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred liabilities are presented below: At March 31, 2020 2019 Deferred tax assets: Net operating tax loss carryforwards $ 10,432,878 $ 9,396,605 Depreciation, depletion and amortization 611,157 643,497 Income from subsidiary (201,005 ) — Share-based compensation 302,916 302,916 Bad debt reserve 43,692 39,977 Other — 1 Total deferred tax assets (liabilities) 11,189,638 10,382,996 Less: valuation allowance (11,189,638 ) (10,382,996 ) Total $ — $ — The above estimates are based on management’s decisions concerning certain elections which could change the relationship between net income and taxable income. Management decisions are made annually and could cause the estimates to vary significantly. The Company experienced an “ ownership change At March 31, 2020, the Company had estimated net operating loss carryforwards for federal income tax purposes of approximately $50 million, adjusted for the ownership change limitation discussed above, which will begin to expire, if not previously used, beginning in the fiscal year 2028. A valuation allowance has been established for the entire amount of the deferred tax assets for the years ended March 31, 2020 and March 31, 2019. On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the 2017 Tax Cuts and Jobs Act (“ 2017 Tax Reform On March 27, 2020, President Trump signed into law the “Coronavirus Aid, Relief, and Economic Security Act” (“ CARES ACT NOL The Company files income tax returns for federal and state purposes. Management believes that with few exceptions, the Company is not subject to examination by United States tax authorities for periods prior to 2016.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
STOCKHOLDERS' EQUITY	Mar. 31, 2020
Equity [Abstract]
STOCKHOLDERS' EQUITY	NOTE 14 – STOCKHOLDERS’ EQUITY Common Stock On April 20, 2018, Discover was issued 5 shares of common stock as a result of true-ups in connection with the August 23, 2017 conversion of $35,000 of the principal amount of the debenture held by Discover. During the quarter ended September 30, 2018, the Company issued a stock dividend on the Series B Preferred Stock consisting of 1 share (with a fair value of $15,625 based on the share price at September 30, 2018) of the Company’s common stock. Due to the fact that the Company is in a retained deficit position, the Company recognized a charge to additional paid in-capital of $882 and stock dividends distributable but not issued based on the par value of the common stock issued. During the quarter ended September 30, 2018, the Company issued 1 share to settle a stock dividend accrued on Series B Preferred Stock. On November 15, 2018, the Company entered into a consulting agreement with Regal Consulting (“ Regal Regal Shares Release On February 13, 2019, the Company entered into a letter agreement with SylvaCap Media (“ SylvaCap SylvaCap Shares During the year ended March 31, 2020, Discover and Discover Growth, which purchased shares of Series C Preferred Stock from the Company in December 2018, and which subsequently transferred all of its shares of Series C Preferred Stock to Discover, converted 11 shares of the Series C Preferred Stock with a face value of $110,000, and a total of 4,899,442 shares of common stock were issued, which includes additional shares for conversion premiums and true ups in connection with those conversions through March 31, 2020. From April 1, 2019 to March 31, 2020, Discover was issued 29,073 shares of common stock as true-ups in connection with the October 31, 2018 conversion of the $495,000 remaining balance of principal owed under the terms of a convertible debenture. No additional shares were owed to Discover as of March 31, 2020, pursuant to the debenture. Series A Convertible Preferred Stock As of March 31, 2020 and 2019, the Company had no Series A Convertible Preferred Stock issued or outstanding. Series B Redeemable Convertible Preferred Stock As of March 31, 2020 and 2019, there were 0 and 44,000 shares of Series B Preferred Stock outstanding, respectively, which have the following features: ● a liquidation preference senior to all of the Company’s common stock; ● a dividend, payable quarterly, at an annual rate of six percent (6%) of the original issue price until such Series B Preferred Stock is no longer outstanding either due to conversion, redemption or otherwise; and ● voting rights on all matters, with each share having 1/781,250 of one vote. During the quarter ended September 30, 2018, the Company issued a stock dividend on the Series B Preferred Stock consisting of 1 share of the Company’s common stock as described above. On May 15, 2019, the Company entered into a conversion agreement with the then holder of all 44,000 shares of the Company’s then outstanding Series B Preferred Stock. Pursuant to the Conversion Agreement, all of the Series B Preferred Stock was converted into 1 share of the Company’s common stock pursuant to the stated terms of such Series B Preferred Stock, in consideration for $25,000 in cash due at the time of the parties entry into the agreement, which payment was made during the three months ended September 30, 2019. The holder also provided the Company a release in connection with certain of his rights under the Series B Preferred Stock (including any and all accrued and unpaid dividends) and certain other matters. Effective on May 15, 2020, due to the fact that no shares of Series B Preferred Stock were outstanding, the Board of Directors approved, and the Company filed, a Certificate of Withdrawal of Certificate of Designation relating to such series of preferred stock with the Secretary of State of Nevada and terminated the designation of its Series B Preferred Stock effective as of the same date. Series C Redeemable Convertible Preferred Stock During the year ended March 31, 2020, the Company sold 525 shares of Series C Preferred Stock for total proceeds of $5 million. In the event the Merger Agreement entered into with Viking in February 2020 is terminated for any reason, we (until June 22, 2020, when such terms were amended) were required to redeem the 525 shares of Series C Preferred Stock which we sold during the year ended March 31, 2020, at a 110% premium, in an aggregate amount equal to $5,775,000. Because of the requirement to redeem such 525 shares of Series C Preferred Stock in the event the Merger Agreement is terminated, which termination is partially outside the control of the Company, such 525 shares of Series C Preferred Stock is classified as temporary equity on the March 31, 2020 balance sheet. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Subsequent to March 31, 2020, on June 22, 2020, the Company and Discover terminated the obligation for Camber to redeem the 525 shares of Series C Preferred Stock upon termination of the Merger Agreement; and provided that a new obligation exists in connection with the required redemption, on similar terms of 630 shares of Series C Preferred Stock sold on June 22, 2020. During the year ended March 31, 2019, the Company sold and issued 1,577 shares of Series C Preferred Stock pursuant to the terms of a October 2017 Stock Purchase Agreement, October 2018 Stock Purchase Agreement and November 2018 Stock Purchase Agreement, for total consideration of $15 million. As of March 31, 2020 and 2019, there were 2,819 and 2,305 shares of Series C Preferred Stock outstanding, respectively. During the year ended March 31, 2019, Discover and Discover Growth converted 404 shares of the Series C Preferred Stock with a face value of $4.04 million, and a total of 3,794 shares of common stock were issued, which includes additional shares for conversion premiums and true ups in connection with those conversions through March 31, 2019. During the year ended March 31, 2020, Discover and Discover Growth converted 11 shares of the Series C Preferred Stock with a face value of $110,000, and a total of 4,899,442 shares of common stock were issued, which includes additional shares for conversion premiums and true ups in connection with those conversions through March 31, 2020. As of March 31, 2020 and March 31, 2019, the Company accrued common stock dividends on the Series C Preferred Stock based on the then 34.95% premium dividend rate. The Company recognized a total charge to additional paid-in capital and stock dividends distributable but not issued of $7,737,086 and $5,676,715 related to the stock dividend declared but not issued for the years ended March 31, 2020 and 2019, respectively. Series E Redeemable Convertible Preferred Stock and Series F Convertible Preferred Stock As described above in “ Note 1 – General Note 12 – Merger Agreement and Divestiture Effective on May 15, 2020, due to the fact that no shares of Series E Preferred Stock and Series F Preferred Stock were outstanding, the Board of Directors approved, and the Company filed, Certificates of Withdrawal of the Certificate of Designations relating to such series of preferred stock with the Secretary of State of Nevada and terminated the designation of its Series E Preferred Stock and Series F Preferred Stock effective as of the same date. Warrants The following is a summary of the Company’s outstanding warrants at March 31, 2020: Warrants Exercise Expiration Intrinsic Value at Outstanding Price ($) Date March 31, 2020 1 (1) 1,171,875.00 April 26, 2021 $ — 3 (2) 195,312.50 September 12, 2022 — 32 (3) 12,187.50 May 24, 2023 — 36 $ — (1) Warrants issued in connection with the sale of convertible notes. The warrants were exercisable on the grant date (April 26, 2016) and remain exercisable until April 26, 2021. (2) Warrants issued in connection with funding. The warrants were exercisable on the grant date (September 12, 2017) and remain exercisable until September 12, 2022. (3) Warrants issued in connection with a Severance Agreement with Richard N. Azar II, the Company’s former Chief Executive Officer. The warrants were exercisable on the grant date (May 25, 2018) and remain exercisable until May 24, 2023.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	12 Months Ended
SHARE-BASED COMPENSATION	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	NOTE 15 – SHARE-BASED COMPENSATION Common Stock The Company stockholders approved the 2014 Stock Incentive Plan (as amended to date, the “ 2014 Plan The Company stockholders approved the Lucas Energy, Inc. 2012 Stock Incentive Plan (“ 2012 Incentive Plan The Company stockholders approved the Lucas Energy, Inc. 2010 Long Term Incentive Plan (“ 2010 Incentive Plan 2010 Plan Under the 2010 Incentive Plan, 58 The Plans are administered by the Compensation Committee and/or the Board in its discretion (the “ Committee Camber measures the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award over the vesting period. Stock Options The following summarizes Camber’s stock option activity for each of the years ended March 31, 2020 and 2019: 2020 2019 Number of Stock Weighted Average Exercise Price Number of Stock Weighted Average Exercise Price Outstanding at Beginning of Year 2 $ 40,429,700 2 $ 40,429,700 Expired/Cancelled — — — — Outstanding at End of Year 2 $ 40,429,700 2 $ 40,429,700 Of the Company’s outstanding options, no options were exercised or forfeited during the years ended March 31, 2020 and 2019, respectively. Compensation expense related to stock options during the years ended March 31, 2020 and 2019 was $0. Options outstanding and exercisable at March 31, 2020 and 2019 had no intrinsic value. The intrinsic value is based upon the difference between the market price of Camber’s common stock on the date of exercise and the grant price of the stock options. As of March 31, 2020 and 2019, there was no remaining unrecognized share-based compensation expense related to all non-vested stock options, respectively. Options outstanding and exercisable as of March 31, 2020: Exercise Remaining Options Options Price ($) Life (Yrs.) Outstanding Exercisable 40,429,700 0.50 2 2 Total 2 2

INCOME (LOSS) PER COMMON SHARE

INCOME (LOSS) PER COMMON SHARE	12 Months Ended
INCOME (LOSS) PER COMMON SHARE	Mar. 31, 2020
Earnings Per Share [Abstract]
INCOME (LOSS) PER COMMON SHARE	The calculation of earnings (loss) per share for the years ended March 31, 2020 and 2019 was as follows: Year Ended March 31, 2020 2019 Numerator: Income (loss) $ (3,856,299 ) $ 16,643,153 Less preferred dividends (7,737,086 ) (5,676,715 ) Net income (loss) attributable to common stockholders $ (11,593,385 ) $ 10,966,438 Denominator Weighted average share – basic 2,109,622 3,951 Dilutive effect of common stock equivalents Options/warrants — — Preferred C shares — 37,854 Denominator Total Weighted average shares – diluted 2,109,622 41,805 Income (loss) per share – basic Continuing operations $ (5.50 ) $ 2,775.61 Income (loss) per share – diluted Continuing Operations $ (5.50 ) $ 262.32 For the years ended March 31, 2020 and 2019, the following share equivalents related to convertible debt and warrants to purchase shares of common stock were excluded from the computation of diluted net income (loss) per share as the inclusion of such shares would be anti-dilutive. 2020 2019 Common Shares Issuable for: Convertible Debt 276 — Options and Warrants 38 41 Series C Preferred Shares 1,218,016,833 — Total 1,218,017,147 41

SUPPLEMENTAL CASH FLOW INFORMAT

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

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
FAIR VALUE MEASUREMENTS	Mar. 31, 2020
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	Note 18 – FAIR VALUE MEASUREMENTS When applying fair value principles in the valuation of assets and liabilities, the Company is required to maximize the use of quoted market prices and minimize the use of unobservable inputs. The Company has not changed its valuation techniques used in measuring the fair value of any financial assets or liabilities during the fiscal years presented. The fair value estimates take into consideration the credit risk of both the Company and its counterparties. When active market quotes are not available for financial assets and liabilities, the Company uses industry standard valuation models. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs including credit risk, interest rate curves, foreign currency rates and forward and spot prices for currencies. In circumstances where market-based observable inputs are not available, management judgment is used to develop assumptions to estimate fair value. Generally, the fair value of our Level 3 instruments are estimated as the net present value of expected future cash flows based on internal and external inputs. Fair Value Measurements The liabilities and mezzanine equity carried at fair value as of March 31, 2020 and March 31, 2019 were as follows: March 31, 2020 Total Level 1 Level 2 Level 3 Liabilities: Derivative liability $ — $ — $ — $ — Total liabilities at fair value $ — $ — $ — $ — March 31, 2019 Total Level 1 Level 2 Level 3 Liabilities: Derivative liability $ 5 $ — $ — $ 5 Total liabilities at fair value $ 5 $ — $ — $ 5 There were no transfers in or out of Level 3 for the year ended March 31, 2020. Assets and Liabilities Measured at Fair Value on a Non-recurring Basis In addition to the financial instruments that are recorded at fair value on a recurring basis, the Company records assets and liabilities at fair value on a non-recurring basis as required by U.S. GAAP. Generally, assets are recorded at fair value on a non-recurring basis as a result of impairment charges or as part of a business combination. As discussed in “ Note 12 – Merger Agreement and Divestiture Additionally, the Series E Preferred Stock and Series F Preferred Stock were considered contingently redeemable preferred stock and were classified as mezzanine equity during the period. The fair value of these instruments was estimated as part of the accounting for the Lineal Plan of Merger described in “ Note 12 – Merger Agreement and Divestiture

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Mar. 31, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 19– SUBSEQUENT EVENTS On April 16, 2020, pursuant to the authorization and approval provided by the stockholders of the Company at the special meeting of stockholders held on April 16, 2020, the Company filed a Certificate of Amendment to its Articles of Incorporation with the Secretary of State of Nevada to increase its authorized shares of common stock, $0.001 par value per share, from 5 million shares to 25 million shares, which filing became effective on the same date. On February 15, 2020, the Company entered into a letter agreement with Sylva International LLC d/b/a SylvaCap Media (“ SylvaCap SylvaCap Shares The Company previously designated (a) 2,000 shares of preferred stock as Series A Convertible Preferred Stock (November 2011); (b) 600,000 shares of preferred stock as Series B Redeemable Convertible Preferred Stock (Amended and Restated on August 2016); (c) 50,000 shares of preferred stock as Series D Convertible Preferred Stock (July 2019); (d) 1,000,000 shares of preferred stock as Series E Redeemable Convertible Preferred Stock (July 2019); and (e) 16,750 shares of preferred stock as Series F Redeemable Preferred Stock (July 2019). Effective May 15, 2020, due to the fact that no shares of Series A Convertible Preferred Stock, Series B Redeemable Convertible Preferred Stock, Series D Convertible Preferred Stock, Series E Redeemable Convertible Preferred Stock or Series F Redeemable Preferred Stock were outstanding, the Board of Directors approved, and the Company filed, Certificate of Withdrawal of Certificate of Designations relating to such series of preferred stock with the Secretary of State of Nevada and terminated the designation of its Series A Convertible Preferred Stock, Series B Redeemable Convertible Preferred Stock, Series D Convertible Preferred Stock, Series E Redeemable Convertible Preferred Stock and Series F Redeemable Preferred Stock effective as of the same date. As a result, the only preferred stock which is currently designated by the Company is the Company’s Series C Redeemable Convertible Preferred Stock. On May 27, 2020, Viking and Camber entered into the First Amendment to Agreement and Plan of Merger (the “ First Amendment Upon the terms and subject to the conditions set forth in the Merger Agreement, at the effective time of the Merger, each share of Viking Common Stock issued and outstanding immediately prior to the Effective Time, other than certain shares owned by Camber, Viking and Camber’s merger subsidiary (which will be cancelled), will be converted into the right to receive the pro rata share of 80% of Camber’s post-Effective Time capitalization, taking into account the number of shares of common stock of Camber outstanding on a fully-diluted basis and without taking into account any shares of common stock which the holder of Camber’s Series C Preferred Stock can receive upon conversion of the Series C Preferred Stock, or a separate series of preferred stock issued in exchange for such Series C Preferred Stock, which has fixed conversion provisions, subject to certain adjustment provisions. Holders of Viking Common Stock will have any fractional shares of Camber common stock after the Merger rounded up to the nearest whole share. The Merger Agreement, as amended by the First Amendment, provides that the Camber Percentage is to be adjusted as follows: (i) for each (A) $500,000 in Camber unencumbered cash (without any associated debt) available for use by the combined company (the “ Combined Company Camber Surplus Cash Other Camber Surplus Assets Camber Percentage Increase Camber Percentage Decrease Since April 1, 2020, and through June 24, 2020, Discover has converted 498 shares of Series C Preferred Stock into approximately 13,033,208 shares of common stock, of which 7,354,416 shares of common stock had been issued as of June 24, 2020, and a total of approximately 5,678,792 shares of common stock were due to Discover, and are held in abeyance until such issuances are requested by Discover, subject to the 9.99% ownership limitation set forth in the designation of the Series C Preferred Stock. The number of Series C Preferred Stock converted by Discover of the Series C Preferred Stock since April 1, 2020, and through June 24, 2020, are summarized below: ● On April 15, 2020, Discover converted 17 shares of Series C Preferred Stock into 442,804 shares of common stock, all of which have been issued to date; ● On April 23, 2020, Discover converted 236 shares of Series C Preferred Stock into 6,177,412 shares of common stock, all of which have been issued to date; and ● On June 23, 2020, Discover converted 245 shares of Series C Preferred Stock into 6,412,992 shares of common stock, of which a total of approximately 5,678,792 shares of common stock remain due to Discover as of June 24, 2020, and are held in abeyance until such issuances are requested by Discover, subject to the 9.99% ownership limitation set forth in the designation of the Series C Preferred Stock. On June 15, 2020, Viking and the Company entered into a Second Amendment to Agreement and Plan of Merger (the “ Second Amendment On and effective June 22, 2020, the Company and Discover entered into a Stock Purchase Agreement (the “ June 2020 Purchase Agreement Face Value Additionally, provided that the Company has not materially breached the terms of the June 2020 Purchase Agreement, the Company may at any time, in its sole and absolute discretion, repurchase from Discover all, but not less than all, of the then outstanding shares of Series C Preferred Stock sold pursuant to the agreement by paying to Discover 110% of the aggregate face value of all such shares. The Company also agreed to provide Discover a right of first offer to match any offer for financing the Company receives from any person while the shares of Series C Preferred Stock sold pursuant to the June 2020 Purchase Agreement are outstanding, except for debt financings not convertible into common stock, which are excluded from such right to match. Finally, the Company agreed that if it issues any security with any term more favorable to the holder of such security or with a term in favor of the holder of such security that was not similarly provided to Discover, then the Company would notify Discover of such additional or more favorable term and such term, at Discover’s option, may become a part of the transaction documents with Discover. The Company agreed pursuant to the June 2020 Purchase Agreement that if the Merger does not close by the required date approved by the parties thereto (as such may be extended from time to time), the Company is required, at Discover’s option, in its sole and absolute discretion, to immediately repurchase from Discover all then outstanding Series C Preferred Stock shares acquired by Discover pursuant to the June 2020 Purchase Agreement, by paying to Discover 110% of the aggregate Face Value of all such shares (the “ Repurchase Requirement Finally, the Company agreed to include proposals relating to the approval of the June 2020 Purchase Agreement and the issuance of the shares of common stock upon conversion of the Series C Preferred Stock sold pursuant to the June 2020 Purchase Agreement, as well as an increase in authorized common stock to fulfill the Company’s obligations to issue such shares, at the meeting held to approve the Merger or a separate meeting in the event the Merger is terminated prior to shareholder approval, and to use commercially reasonable best efforts to obtain such approvals as soon as possible and in any event prior to December 31, 2020. On June 22, 2020, the Company and Discover entered into an Amendment to Stock Purchase Agreement (the “ SPA Amendment On June 25, 2020, the Company and Viking entered into a Third Amendment to Agreement and Plan of Merger, which (i) provided for the entry into the June 2020 SPA (defined below) and the loan of the $4.2 million evidenced by the June 2020 Secured Note (discussed below); (ii) provided for the requirement to pay the Additional Payment (as discussed in “ Note 5 – Plan of Merger and Investment in Unconsolidated Entity Note 5 – Plan of Merger and Investment in Unconsolidated Entity The discussion of the Merger Agreement included throughout these financial statements (including under “ Note 5 – Plan of Merger and Investment in Unconsolidated Entity On June 25, 2020, the Company loaned Viking an additional $4.2 million, pursuant to the terms of a Securities Purchase Agreement, which was entered into on the same date (the “ June 2020 SPA June 2020 Secured Note Secured Notes Note 5 – Plan of Merger and Investment in Unconsolidated Entity As additional consideration for the Company making the loan to Viking, Viking assigned the Company an additional 5% of Elysium pursuant to the terms of an Assignment of Membership Interests dated June 25, 2020, which brings the Company’s current total ownership of Elysium up to 30%.

Supplemental Oil and Gas Disclo

Supplemental Oil and Gas Disclosures (Unaudited)	12 Months Ended
Supplemental Oil and Gas Disclosures (Unaudited)	Mar. 31, 2020
Supplemental Oil And Gas Disclosures
Supplemental Oil and Gas Disclosures (Unaudited)	Supplemental Oil and Gas Disclosures (Unaudited) The following disclosures for the Company are made in accordance with authoritative guidance regarding disclosures about oil and natural gas producing activities. Users of this information should be aware that the process of estimating quantities of “ proved, proved developed, proved undeveloped Proved reserves represent estimated quantities of crude oil, natural gas liquids and natural gas that geoscience and engineering data can estimate, with reasonable certainty, to be economically producible from a given day forward from known reservoirs under economic conditions, operating methods and government regulation before the time at which contracts providing the right to operate expire, unless evidence indicates that renewal is reasonably certain, regardless of whether deterministic or probabilistic methods are used for the estimation. Proved developed reserves are proved reserves expected to be recovered under operating methods being utilized at the time the estimates were made, through wells and equipment in place or if the cost of any required equipment is relatively minor compared to the cost of a new well. The Company reported financial results from its acquisition of 25% of the membership interests of Elysium effective February 3, 2020, based on information provided by Viking’s management, which was derived from reserve reports prepared by an independent third party in conjunction with the acquisition due diligence as of September 1, 2019. Those balances were then adjusted for production reported by the seller through December 31, 2019 and then for actual production from the acquisition date through March 31, 2020. Elysium reported estimated total net reserves as of March 31, 2020 were 2,988,160 barrels (Bbls) of crude oil and 41,576,500 thousand cubic feet (Mcf) of natural gas which translates to an equivalent of 9,917,580 barrel of oil equivalents (Boe). Camber’s 25% interest in Elysium equates to ownership of 747,040 Bbls of crude oil and 10,394,130 Mcf of natural gas, which translates to an equivalent of 2,479,390 Boe. These reserves are based on the Oil and Gas Benchmark Prices to Estimate Year-End Petroleum Reserves and Values Using U.S. Securities and Exchange Commission Guidelines from the Modernization of Oil and Gas Reporting and on the quantities of oil, natural gas and natural gas liquids (NGLs), which, by analysis of geoscience and engineering data, can be estimated with reasonable certainty to be economically producible from a given date forward, from known reservoirs, under existing economic conditions, operating methods and government regulations, prior to the time at which contracts providing the rights to operate expire, unless evidence indicates that renewal is reasonably certain, regardless of whether deterministic or probabilistic methods are used for the estimation. Reserves and economic evaluation of all of the Company’s properties are prepared on a well-by-well basis. The accuracy of the reserve estimates is a function of the quality and quantity of available data; interpretation of that data; and accuracy of various mandated economic assumptions. As of March 31, 2020, Viking had net capitalized costs of $30.2 million and a net operating income from its oil and gas properties of $1.6 million. Camber’s 25% ownership in Elysium equates to net capitalized costs of $7.6 million and net operating income from its interest in the Elysium oil and gas properties of $0.4 million. Viking’s management used an average monthly crude oil price of $52.048 per Bbl and a natural gas price of $2.74 per Mcf, for the twelve months ended March 31, 2020, to calculate the estimated discounted future net cash flow (“ PV-10 Proved undeveloped reserves are reserves that are expected to be recovered from new wells on undrilled acreage, or from existing wells where a relatively major expenditure is required. Reserves on undrilled acreage are limited to those directly offsetting development spacing areas that are reasonably certain of production when drilled, unless evidence using reliable technology exists that establishes reasonable certainty of economic producibility at greater distances. Undrilled locations can be classified as having undeveloped reserves only if a development plan has been adopted indicating that they are scheduled to be drilled within five years, unless the specific circumstances justify a longer time. Estimates for proved undeveloped reserves are not attributed to any acreage for which an application of fluid injection or other improved recovery technique is contemplated, unless such techniques have been proved effective by actual projects in the same reservoir or an analogous reservoir, or by other evidence using reliable technology establishing reasonable certainty. PROVED RESERVE SUMMARY All of the Company’s reserves are located in the United States. The following tables sets forth the changes in Camber’s net proved reserves (including developed and undeveloped reserves) for the years ended March 31, 2020 and 2019. Reserves estimates as of March 31, 2020 and 2019, respectively, were estimated by the independent petroleum consulting firm Graves & Co. Consulting LLC: March 31, 2020 2019 Crude Oil (Bbls) Net proved reserves at beginning of year 124,524 129,573 Revisions of previous estimates (64,275 ) (3,868 ) Purchases in place — — Extensions, discoveries and other additions — — Sales in place — (75 ) Production (5,399 ) (8,846 ) Net proved reserves at end of year 54,850 124,520 Natural Gas (Mcf) Net proved reserves at beginning of year 208,710 8,147,168 Revisions of previous estimates 18,005 (7,609,052 ) Purchases in place — — Extensions, discoveries and other additions — — Sales in place — (7,983 ) Production (18,892 ) (321,423 ) Net proved reserves at end of year 207,823 208,710 NGL (Bbls) Net proved reserves at beginning of year 44,110 1,435,703 Revisions of previous estimates 4,381 (1,338,916 ) Purchases in place — — Extensions, discoveries and other additions — — Sales in place — (1,418 ) Production (4,536 ) (51,269 ) Net proved reserves at end of year 43,955 44,100 Oil Equivalents (Boe) Net proved reserves at beginning of year 203,406 2,923,138 Revisions of previous estimates (56,880 ) (2,603,224 ) Purchases in place — — Extensions, discoveries and other additions — — Sales in place — (2,823 ) Production (13,084 ) (113,685 ) Net proved reserves at end of year 133,442 203,406 The following table sets forth Camber’s proved developed and undeveloped reserves at March 31, 2020 and 2019: At March 31, 2020 2019 Proved Developed Producing Reserves Crude Oil (Bbls) 54,850 76,490 Natural Gas (Mcf) 207,823 208,710 NGL (Bbls) 43,955 44,100 Oil Equivalents (Boe) 133,442 155,376 Proved Developed Non-Producing Reserves Crude Oil (Bbls) — 48,030 Natural Gas (Mcf) — — NGL (Bbls) — — Oil Equivalents (Boe) — 48,030 Proved Undeveloped Reserves Crude Oil (Bbls) — — Natural Gas (Mcf) — — NGL (Bbls) — — Oil Equivalents (Boe) — — Proved Reserves Crude Oil (Bbls) 54,850 124,520 Natural Gas (Mcf) 207,823 208,710 NGL (Bbls) 43,955 44,100 Oil Equivalents (Boe) 133,442 203,406 *The Company engaged Graves & Co Consulting, LLC, an independent reserve engineering firm, to provide a reserve report on the Company’s properties as of March 31, 2020. Proved Developed Not Producing Reserves At March 31, 2020 and 2019, the Company had proved developed not producing reserves of crude oil of 0 Bbls and 48,030, respectively. Proved Undeveloped Reserves At March 31, 2020 and 2019, the Company had no proved undeveloped reserves. The following table sets forth Camber’s net reserves in Boe by reserve category and by formation at March 31, 2020 and 2019: Proved Developed Proved Non-Producing Proved Undeveloped Total Proved Hutchinson Area At March 31, 2020 — — — — At March 31, 2019 18,200 48,030 — 66,230 Trend Area At March 31, 2020 133,442 — — 133,442 At March 31, 2019 132,361 — — 132,361 Other At March 31, 2020 — — — — At March 31, 2019 4,815 — — 4,815 Total At March 31, 2020 133,442 — — 133,442 At March 31, 2019 155,376 48,030 — 203,406 Capitalized Costs Relating to Oil and Natural Gas Producing Activities At March 31, 2020 2019 Oil and gas properties subject to amortization $ 50,352,033 $ 50,352,306 Oil and gas properties not subject to amortization 28,016,989 28,016,989 Capitalized asset retirement costs 91,850 176,649 Total oil & natural gas properties 78,460,872 78,545,944 Accumulated depreciation, depletion, and impairment (78,350,605 ) (78,333,628 ) Net Capitalized Costs $ 110,267 $ 212,316 Costs Incurred in Oil and Natural Gas Property Acquisition, Exploration and Development Activities 2020 2019 Acquisition of properties Proved $ — $ — Unproved — — Exploration costs — — Development costs — 1,548,953 Total $ — $ 1,548,953 Results of Operations for Oil and Natural Gas Producing Activities 2020 2019 Crude oil and natural gas revenues $ 397,118 $ 2,742,102 Production costs (494,096 ) (3,003,901 ) Depreciation and depletion (16,977 ) (473,521 ) Results of operations for producing activities, excluding corporate overhead and interest costs $ (113,955 ) $ (735,320 ) Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Natural Gas Reserves. The future cash flows presented below are based on cost rates and statutory income tax rates in existence as of the date of the projections and average prices over the preceding twelve months. It is expected that material revisions to some estimates of crude oil and natural gas reserves may occur in the future, development and production of the reserves may occur in periods other than those assumed, and actual prices realized and costs incurred may vary significantly from those used. Management does not rely upon the following information in making investment and operating decisions. Such decisions are based upon a wide range of factors, including estimates of probable and possible as well as proved reserves, and varying price and cost assumptions considered more representative of a range of possible economic conditions that may be anticipated. The following table sets forth the standardized measure of discounted future net cash flows from projected production of Camber’s oil, NGL, and natural gas reserves as of March 31, 2020 and 2019: At March 31, 2020 2019 Future cash inflows $ 4,069,441 $ 9,223,561 Future production costs (1,832,098 ) (4,073,084 ) Future development costs — (595,000 ) Future income taxes (469,846 ) (956,650 ) Future net cash flows 1,767,497 3,598,827 Discount to present value at 10% annual rate (803,608 ) (1,520,346 ) Standardized measure of discounted future net cash flows relating to proved oil and gas reserves $ 963,889 $ 2,078,481 Changes in Standardized Measure of Discounted Future Net Cash Flows. 2020 2019 Standardized measure, beginning of year $ 2,078,481 $ 7,468,115 Crude oil and natural gas sales, net of production costs 96,978 260,928 Net changes in prices and production costs (408,944 ) 1,842,171 Changes in estimated future development costs (324,481 ) 344,759 Revisions of previous quantity estimates (145,373 ) 17,112,424 Accretion of discount 122,014 263,955 Net change in income taxes 304,877 3,460,184 Purchases of reserves in place — — Sales of reserves in place — (10,083 ) Change in timing of estimated future production (759,663 ) (28,663,972 ) Standardized measure, end of year $ 963,889 $ 2,078,481

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Mar. 31, 2020
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The financial statements of Camber Energy include the accounts of its wholly-owned subsidiaries, Camber Permian LLC, a Texas limited liability company, which is wholly-owned, CE Operating, LLC, an Oklahoma limited liability company, which is wholly-owned, and C E Energy LLC, a Texas limited liability company, which is wholly-owned, and which will be assigned to PetroGlobe shortly after the date of this report, as discussed below under “ Note 10 – Commitments and Contingencies Legal Proceedings
Reclassifications	Reclassifications Certain reclassifications have been made to the prior year financial statements to conform them with the current year presentation. These reclassifications had no effect on the reported results of operations.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Camber’s financial statements are based on a number of significant estimates, including oil and natural gas reserve quantities which are the basis for the calculation of depreciation, depletion and impairment of oil and natural gas properties, and timing and costs associated with its asset retirement obligations, as well as those related to the fair value of stock options, stock warrants and stock issued for services. While the Company believes that its estimates and assumptions used in preparation of the financial statements are appropriate, actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash in banks and financial instruments which mature within three months of the date of purchase. The Company maintains cash and cash equivalents in bank deposit accounts, which at times may exceed federally insured limits of $250,000. At March 31, 2020 and 2019, the Company’s cash in excess of the federally insured limit was $399,833 and $7,463,944, respectively. Historically, the Company has not experienced any losses in such accounts. The Company had no cash equivalents at March 31, 2020 or 2019, respectively.
Accounts Receivable	Accounts Receivable Accounts receivable, net, include amounts due for oil and gas revenues from prior month production, accrued interest on the notes receivable due from Lineal and Viking and an estimate of amounts due from N&B Energy related to the September 2018 Sale Agreement. The allowance for doubtful accounts is the Company’s best estimate of the probable amount of credit losses in the Company’s existing accounts receivable. At March 31, 2020 and March 31, 2019, there were allowances for doubtful accounts of approximately $208,000 and $190,000, respectively, included in accounts receivable, and there were bad debts of $17,694 and $0, recognized for the years ended March 31, 2020 and 2019, respectively.
Notes Receivable	Notes Receivable Notes receivable includes the $5,000,000 note from Viking as described in “ Note 6 – Long-Term Notes Receivable Note 5 – Plan of Merger and Investment in Unconsolidated Entity Note 6 – Long-Term Notes Receivable Note 12 – Merger Agreement and Divestiture
Property and Equipment	Property and Equipment Property and equipment are recorded at cost and depreciated using the straight-line method over their useful lives. Amortization of the equipment under capital leases related to the Lineal operations was computed using the straight-line method over lives ranging from 3 to 5 years and is included in depreciation expense. Costs of maintenance and repairs were charged to expense when incurred. Long-lived assets including intangible assets are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If an evaluation is required, the estimated future undiscounted cash flows associated with the asset are compared to the assets carrying amount to determine if an impairment of such asset is necessary. This evaluation, as well as an evaluation of our intangible assets, requires the Company to make long-term forecasts of the future revenues and costs related to the assets subject to review. Forecasts require assumptions about demand for the Company’s services and future market conditions. Estimating future cash flows requires significant judgment, and the Company’s projections may vary from the cash flows eventually realized. Future events and unanticipated changes to assumptions could require a provision for impairment in a future period. The effect of any impairment would be to expense the difference between the fair value (less selling costs) of such asset and its carrying value. Such expense would be reflected in earnings. No impairments were deemed necessary for the years ended March 31, 2020 and 2019, respectively.
Investment in Unconsolidated Entities	Investment in Unconsolidated Entities The Company accounts for its investment in unconsolidated entities under the equity method of accounting when it owns less than 51% of a controlling interest and does not have the ability to exercise significant influence over the operating and financial policies of the entity. The investment is adjusted accordingly for dividends or distributions it receives and its proportionate share of earnings or losses of the entity. The current investment in unconsolidated entities is a 25% in interest in Elysium Energy, LLC, which is involved in oil and gas exploration and production in the United States. The balance sheet of Elysium Energy, LLC at March 31, 2020 included current assets of $4.0 million, total assets of $37.7 million, total liabilities of $34.0 million and net assets of $3.7 million. Additionally, the income statement for Elysium Energy, LLC for the period from February 3, 2020 (the date of investment) through March 31, 2020 included total revenues of $4.0 million and net income of $3.8 million. See also “ Note 5 – Plan of Merger and Investment in Unconsolidated Entity
Goodwill	Goodwill Goodwill is tested for impairment annually and whenever events or circumstances make it more likely than not that an impairment may have occurred. Goodwill is reviewed for impairment at the reporting unit level, which is defined as operating segments or groupings of businesses one level below the operating segment level. The Company’s operating segments are the same as the reporting units used in its goodwill impairment test. Goodwill is tested for impairment by comparing the estimated fair value of a reporting unit, determined using a market approach, if market prices are available, or alternatively, a discounted cash flow model, with its carrying value. The annual evaluation of goodwill requires the use of estimates about future operating results, valuation multiples and discount rates of each reporting unit to determine their estimated fair value. Changes in these assumptions can materially affect these estimates. Once an impairment of goodwill has been recorded, it cannot be reversed. The Company recognized goodwill during the three months ended September 30, 2019 in conjunction with the Lineal Merger, which was written off during the quarter ended December 31, 2019 as a result of the Lineal Divestiture as discussed in “ Note 12 – Merger Agreement and Divestiture
Revenue Recognition	Revenue Recognition Exploration and Production Revenue The Company’s revenue for its exploration and production operations are comprised entirely of revenue from exploration and production activities. The Company’s oil is sold primarily to marketers, gatherers, and refiners. Natural gas is sold primarily to interstate and intrastate natural-gas pipelines, direct end-users, industrial users, local distribution companies, and natural-gas marketers. Natural gas liquids (“ NGLs Contracts with customers have varying terms, including month-to-month contracts, and contracts with a finite term. The Company recognizes sales revenues for oil, natural gas, and NGLs based on the amount of each product sold to a customer when control transfers to the customer. Generally, control transfers at the time of delivery to the customer at a pipeline interconnect, the tailgate of a processing facility, or as a tanker lifting is completed. Revenue is measured based on the contract price, which may be index-based or fixed, and may include adjustments for market differentials and downstream costs incurred by the customer, including gathering, transportation, and fuel costs. Revenues are recognized for the sale of the Company’s net share of production volumes. Sales on behalf of other working interest owners and royalty interest owners are not recognized as revenues. Oil and Gas Services Revenue The majority of Lineal’s oil and gas service revenue is derived from contracts and projects that typically span between 3 to 12 months. The oil and gas service contracts have a single performance obligation as the promise to transfer the individual goods or services is not separately identifiable from other promises in the contracts and, therefore, not distinct. Lineal’s construction contracts are recognized over time because of the continuous transfer of control to the customer as all of the work is performed at the customer’s site and, therefore, the customer controls the asset as it is being constructed. Contract costs include labor, material, and indirect costs. Accounting for long-term contracts and programs involves the use of various techniques to estimate total contract revenue and costs. For long-term contracts, Lineal estimates the profit on a contract as the difference between the total estimated revenue and expected costs to complete a contract and recognize that profit over the life of the contract. Contract estimates are based on various assumptions to project the outcome of future events. These assumptions include labor productivity and availability, the complexity of the work to be performed, the cost and availability of materials, and the performance of subcontractors. The timing of revenue recognition, billings and cash collections results in billed accounts receivable and costs and estimated earnings in excess of billings on uncompleted contracts (contract assets) on the consolidated balance sheet. On Lineal’s construction contracts, amounts are billed as work progresses in accordance with agreed-upon contractual terms, either at periodic intervals (e.g., biweekly or monthly) or upon achievement of contractual milestones. Generally, billing occurs prior to revenue recognition, resulting in contract liabilities. These assets and liabilities are reported on the consolidated balance sheet on a contract-by-contract basis at the end of each reporting period.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Accounting Standards Codification (“ ASC ● Level 1 – Quoted prices in active markets for identical assets or liabilities. ● Level 2 – Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities that are not active; and model-driven valuations whose inputs are observable or whose significant value drivers are observable. Valuations may be obtained from, or corroborated by, third-party pricing services. ● Level 3 – Unobservable inputs to measure fair value of assets and liabilities for which there is little, if any market activity at the measurement date, using reasonable inputs and assumptions based upon the best information at the time, to the extent that inputs are available without undue cost and effort. As of March 31, 2020 and March 31, 2019, the significant inputs to the Company’s derivative liability and mezzanine equity calculations were Level 3 inputs.
Concentration of Credit Risk	Concentration of Credit Risk The Company generally sells a significant portion of its oil and gas production to a relatively small number of customers. For the year ended March 31, 2020, the Company’s consolidated revenues were from the sale of oil, gas and natural gas liquids under marketing contracts primarily with Apache Corporation. For the year ended March 31, 2019, the Company’s consolidated revenues were from the sale of oil, gas and natural gas liquids under marketing contracts primarily with Superior Pipeline Company, Scissortail Energy, LLC and Apache Corporation. The Company has alternative purchasers available at competitive market prices if there is disruption in services or other events that cause the Company to search for other ways to sell the Company’s production. During the year ended March 31, 2020, one customer accounted for 92% of total revenues. During the year ended March 31, 2019, three customers accounted for 84% of total revenues. The Company does not believe the loss of any customer will have a material effect on the Company because alternative customers are readily available.
Oil and Natural Gas Properties, Full Cost Method	Oil and Natural Gas Properties, Full Cost Method Camber uses the full cost method of accounting for oil and natural gas producing activities. Costs to acquire mineral interests in oil and natural gas properties, to drill and equip exploratory wells used to find proved reserves, and to drill and equip development wells including directly related overhead costs and related asset retirement costs are capitalized. Under this method, all costs, including internal costs directly related to acquisition, exploration and development activities are capitalized as oil and natural gas property costs on a country-by-country basis. Costs not subject to amortization consist of unproved properties that are evaluated on a property-by-property basis. Amortization of these unproved property costs begins when the properties become proved or their values become impaired. Camber assesses overall values of unproved properties, if any, on at least an annual basis or when there has been an indication that impairment in value may have occurred. Impairment of unproved properties is assessed based on management’s intention with regard to future development of individually significant properties and the ability of Camber to obtain funds to finance their programs. If the results of an assessment indicate that the properties are impaired, the amount of the impairment is added to the capitalized costs to be amortized. Sales of oil and natural gas properties are accounted for as adjustments to the net full cost pool with no gain or loss recognized, unless the adjustment would significantly alter the relationship between capitalized costs and proved reserves. If it is determined that the relationship is significantly altered, the corresponding gain or loss will be recognized in the statements of operations.
Ceiling Test	Ceiling Test In applying the full cost method, Camber performs an impairment test (ceiling test) at each reporting date, whereby the carrying value of property and equipment is compared to the “ estimated present value During the year ended March 31, 2020, no impairments were recorded. During the year ended March 31, 2019, the Company recorded impairments totaling $1.3 million that were primarily related to unproved properties due to expirations of leaseholds.
Asset Retirement Obligations	Asset Retirement Obligations The Company records the fair value of a liability for asset retirement obligations (“ ARO
Other Property and Equipment	Other Property and Equipment Other property and equipment are stated at cost and consist primarily of furniture and computer equipment. Depreciation is computed on a straight-line basis over the estimated useful lives.
Income Taxes	Income Taxes Deferred income taxes are provided on the liability method whereby deferred tax assets are recognized for deductible temporary differences and operating losses and tax credit carry-forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and accrued tax liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Camber has evaluated and concluded that there are no significant uncertain tax positions requiring recognition in the Company’s financial statements as of March 31, 2020 and 2019. The Company’s policy is to classify assessments, if any, for tax related interest expense and penalties as interest expense.
Earnings per Common Share	Earnings per Common Share Basic and diluted income (loss) per share calculations are calculated on the basis of the weighted average number of shares of the Company’s common stock outstanding during the year. Diluted earnings per share give effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted earnings per share, the average stock price for the period is used to determine the number of shares assumed to be purchased from the exercise price of the options and warrants. Purchases of treasury stock reduce the outstanding shares commencing on the date that the stock is purchased. Common stock equivalents are excluded from the calculation when a loss is incurred as their effect would be anti-dilutive.
Share-Based Compensation	Share-Based Compensation Camber measures the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award over the vesting period.
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements ASC 2014-09, “ Revenue from Contracts with Customers (Topic 606) Note 11 – Revenue from Contracts with Customers In November 2016, the Financial Accounting Standards Board (“ FASB ASU In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230). ASU 2016-15 seeks to reduce the existing diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This update is effective for fiscal years beginning after December 15, 2017. The Company adopted this ASU on April 1, 2018 and the adoption did not have a significant impact to the Company’s consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, Business Combinations: Clarifying the Definition of a Business outputs Revenue from Contracts with Customers In May 2017, the FASB issued ASU 2017-09, “ Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting In February 2016, the FASB issued ASU No. 2016.02 “ Leases (Topic 842) Leases (Topic 842): Targeted Improvements In addition, the Company elected practical expedients provided by the new standard, and the Company has elected to not reassess its prior conclusions about lease identification, lease classification, and initial direct costs and to retain off-balance sheet treatment of short-term leases (i.e., 12 months or less which do not contain purchase options that the Company is reasonably likely to exercise). As a result of the short-term expedient election, the Company does not have leases that require the recording of a net lease asset and lease liability on the Company’s consolidated balance sheet or have a material impact on consolidated earnings or cash flows as of April 1, 2019. Moving forward, the Company will evaluate any new lease commitments for application of Topic 842. In August 2018, the FASB issued ASU 2018-13, “ Disclosure Framework: Changes to the Disclosure Requirements for Fair Value Measurement, Effective January 1, 2020, the Company adopted the Financial Accounting Standards Board’s update, Financial Instruments – Credit Losses (Topic 326), as amended. The standard requires a valuation allowance for credit losses be recognized for certain financial assets that reflects the current expected credit loss over the asset’s contractual life. The valuation allowance considers the risk of loss, even if remote, and considers past events, current conditions and expectations of the future. The standard did not have a material impact on the Company’s financial statements Recently Issued Accounting Pronouncements The Company does not believe that any recently issued effective pronouncements, or pronouncements issued but not yet effective, if adopted, would have a material effect on the accompanying consolidated financial statements.
Subsequent Events	Subsequent Events The Company has evaluated all transactions through the date the consolidated financial statements were issued for subsequent event disclosure consideration.

LIQUIDITY AND GOING CONCERN C_2

LIQUIDITY AND GOING CONCERN CONSIDERATIONS (Tables)	12 Months Ended
LIQUIDITY AND GOING CONCERN CONSIDERATIONS (Tables)	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of net assets sold and gain recognized in connection with the Assumption Agreement and Sale Agreement	The following table summarizes the net assets sold and gain recognized in connection with the Assumption Agreement and Sale Agreement: Transaction Summary Assumption of IBC Bank Loan $ 36,943,617 Assumption of ARO Liability 699,536 Assumption of Capital Lease Obligations and Other 287,074 Cash Received at Closing 100 Oil and Gas Properties Transferred (12,122,081 ) Total Gain on Sale $ 25,808,246

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
PROPERTY AND EQUIPMENT (Tables)	Mar. 31, 2020
Property and Equipment
Schedule of oil and natural gas properties	All of Camber’s oil and natural gas properties are located in the United States. Costs being amortized at March 31, 2020 and 2019 are as follows: 2020 2019 Oil and gas properties subject to amortization $ 50,352,033 $ 50,352,306 Oil and gas properties not subject to amortization 28,016,989 28,016,989 Capitalized asset retirement costs 91,850 176,649 Total oil & natural gas properties 78,460,872 78,545,944 Accumulated depreciation, depletion, and impairment (78,350,605 ) (78,333,628 ) Net Capitalized Costs $ 110,267 $ 212,316

PLAN OF MERGER AND INVESTMENT_2

PLAN OF MERGER AND INVESTMENT IN UNCONSOLIDATED ENTITY (Tables)	12 Months Ended
	Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
Schedule of return of interests upon termination of merger agreement	In the event of termination of the Merger Agreement, Camber is required, under certain circumstances described below, to return a portion of the Elysium interests to Viking: Reason for Termination Percentage of Elysium Retained by Camber The reasonable likelihood that the combined company will not meet the initial listing requirements of the NYSE American, required regulatory approvals will not be obtained, or the registration statement on Form S-4 will not be declared effective, through no fault of Camber or Viking 20%* Termination of the Merger Agreement by either party, through no fault of Camber 25%* Termination of the Merger Agreement due to a material breach of the Merger Agreement by Camber or its disclosure schedules 0%* Termination of the Merger Agreement for any reason and in the event the Secured Notes (defined below) are not repaid within 90 days of the date of termination and the Additional Payment (defined below) is not made. 30% *Assumes the payment of Secured Notes within 90 days of the date of termination of the Merger Agreement and the Additional Payment (defined below) is made.
Schedule of investment in unconsolidated entity	Table below shows the changes in the Investment in entities for the years ended March 31, 2020 and 2019, respectively: 2020 2019 Carrying amount at beginning of year $ — $ — Investment in Elysium — — Proportionate Share of Elysium Earnings 957,169 — Carrying amount at end of year $ 957,169 $ —

LONG-TERM NOTES RECEIVABLE (Tab

LONG-TERM NOTES RECEIVABLE (Tables)	12 Months Ended
LONG-TERM NOTES RECEIVABLE (Tables)	Mar. 31, 2020
Receivables [Abstract]
Schedule of long-term notes receivable	Long-term notes receivable as of March 31, 2020 and 2019 are comprised of: March 31, 2020 March 31, 2019 Note receivable from Viking Energy Group, Inc. pursuant to a 10.5% Secured Promissory Note dated February 3, 2020 in the original principal amount of $5,000,000, having an annual interest rate of 10.5%, with interest due quarterly beginning on May 1, 2020, maturing February 3, 2022. Accrued and unpaid interest of $83,425 is included in accounts receivable at March 31, 2020. The Note is secured by secured interests in 6 Viking Energy Group, Inc. subsidiaries. See also “ Note 5 - Plan of Merger and Investment in Unconsolidated Entity $ 5,000,0000 $ — Note receivable from Lineal Star Holdings, LLC pursuant to a Promissory Note dated effective December 31, 2019, in the original principal amount of $1,539,719, accruing annual interest of 10.5%, due quarterly beginning on March 31, 2020, maturing December 31, 2021, with accrued and unpaid interest of $37,966 included in accounts receivable at March 31, 2020. See also “ Note 12 - Merger Agreement and Divestiture 1,539,719 — Note receivable from Lineal Star Holdings, LLC pursuant to a Promissory Note No. 2 dated effective December 31, 2019, in the original principal amount of $800,000, accruing annual interest of 8%, due quarterly beginning on March 31, 2020, maturing December 31, 2021, with accrued and unpaid interest of $15,781 included in accounts receivable at March 31, 2020. See also “ Note 12 - Merger Agreement and Divestiture 800,000 — Less: current maturities — — Total $ 7,339,719 $ —

ASSET RETIREMENT OBLIGATIONS (T

ASSET RETIREMENT OBLIGATIONS (Tables)	12 Months Ended
ASSET RETIREMENT OBLIGATIONS (Tables)	Mar. 31, 2020
Asset Retirement Obligation Disclosure [Abstract]
Schedule of reconciliation of long-term legal obligations	The following table presents the reconciliation of the beginning and ending aggregate carrying amounts of long-term legal obligations associated with the future retirement of oil and natural gas properties for the years ended March 31, 2020 and 2019: 2020 2019 Carrying amount at beginning of year $ 303,809 $ 979,159 Payments (149,910 ) — Accretion 2,920 4,725 Dispositions — (699,536 ) Revisions of previous estimates (85,069 ) 19,461 Carrying amount at end of year $ 71,750 $ 303,809

DERIVATIVE LIABILITIES (Tables)

DERIVATIVE LIABILITIES (Tables)	12 Months Ended
DERIVATIVE LIABILITIES (Tables)	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of activity for derivative warrant instruments	Activities for derivative warrant instruments during the years ended March 31, 2020 and 2019 were as follows: 2020 2019 Carrying amount at beginning of period $ 5 $ 5 Change in fair value (5 ) — Carrying amount at end of period $ — $ 5

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	12 Months Ended
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Schedule of disaggregates revenue	The following table disaggregates revenue by significant product type for the years ended March 31, 2020 and 2019, respectively: 2020 2019 Oil sales $ 296,036 $ 526,365 Natural gas sales 37,049 772,105 Natural gas liquids sales 64,033 1,443,632 Total oil and gas revenue from customers $ 397,118 $ 2,742,102

MERGER AGREEMENT AND DIVESTIT_2

MERGER AGREEMENT AND DIVESTITURE (Tables)	12 Months Ended
MERGER AGREEMENT AND DIVESTITURE (Tables)	Mar. 31, 2020
Business Combinations [Abstract]
Schedule of consideration paid for the acquisition	The consideration paid for the acquisition was as follows: Series E Preferred Shares $ 18,701,000 Series F Preferred Shares 1,417,000 Total consideration $ 20,118,000
Schedule of current values of the assets and liabilities of Lineal as of the Merger	The allocation of the preliminary purchase price to the assets and liabilities acquired in connection with the Lineal Merger was based on the current values of the assets and liabilities of Lineal as of the Lineal Merger date on July 8, 2019 and are as follows: Cash $ 449,763 Accounts receivable 2,776,477 Deferred tax assets 34,000 Cost in excess of billings 944,250 Property and equipment 1,436,920 Right of use asset – operating leases 913,396 Other current assets and deposits 60,132 Goodwill 17,992,118 Accounts payable – trade (400,889 ) Accrued and other liabilities (893,013 ) Operating lease liabilities (913,396 ) Finance lease liabilities (313,472 ) Loan Payable – shareholder (492,337 ) Notes payable (1,475,949 ) Net assets acquired $ 20,118,000
Schedule of net consideration received for the divestiture	The net consideration received for the divestiture was as follows: Return of Series E Preferred Shares $ 14,666,000 Return of Series F Preferred Shares 2,434,000 Total net consideration $ 17,100,000
Schedule of assets and liabilities transferred in Redemption agreement	The following table summarizes the assets and liabilities of Lineal which were transferred from the Company to the Preferred Holders, together with Lineal, as part of the Redemption agreement: Cash $ 2,101,879 Accounts receivable 1,673,538 Deferred tax assets 34,000 Cost in excess of billings 497,340 Property and equipment 1,996,229 Right of use asset – operating leases 710,898 Other current assets and deposits 49,275 Goodwill 18,314,222 Accounts payable – trade (260,882 ) Accrued and other liabilities (369,448 ) Billings in excess of costs (445,759) Operating lease liabilities (710,898 ) Finance lease liabilities (237,925 ) Notes payable (3,545,841 ) Net assets divested $ 19,806,628
Schedule of consolidated statements of operations related to discontinued operations	Components of amounts reflected in the Company’s consolidated statements of operations related to discontinued operations are presented in the following table for the year ended March 31, 2020. Year Ended March 31, 2020 Contract revenue $ 9,106,764 Contract costs (7,772,726 ) Depreciation and amortization (155,282 ) Selling, general and administrative (1,649,643 ) Operating loss (470,887 ) Other income 273,037 Interest expense (113,522 ) Net (loss) from discontinued operations (311,372 ) Loss on disposal of business (2,706,628 ) Change in value of preferred stock 3,018,000 Total loss on discontinued operations $ —

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of provision for income taxes	The Company recorded a provision for income taxes of approximately $0 and $3,000 for the years ended March 31, 2020 and March 31, 2019, respectively. 2020 2019 Current taxes: Federal $ — $ — State — 3,000 — 3,000 Deferred taxes: Federal — — State — — — — Total $ — $ 3,000
Schedule of reconciliation between actual tax expense and income taxes	The following is a reconciliation between actual tax expense (benefit) and income taxes computed by applying the U.S. federal income tax rate of 21% to income from continuing operations before income taxes for the years ended March 31, 2020 and 2019: 2020 2019 Tax expense (benefit), computed at expected tax rates $ (809,941 ) $ 3,495,692 Nondeductible expenses 3,298 77,473 State taxes net of FIT benefit — 2,370 Return to accrual true-up — 1,490,624 Change in valuation allowance 806,643 (5,063,159 ) Total $ — $ 3,000
Schedule of deferred tax assets and deferred liabilities	Tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred liabilities are presented below: At March 31, 2020 2019 Deferred tax assets: Net operating tax loss carryforwards $ 10,432,878 $ 9,396,605 Depreciation, depletion and amortization 611,157 643,497 Income from subsidiary (201,005 ) — Share-based compensation 302,916 302,916 Bad debt reserve 43,692 39,977 Other — 1 Total deferred tax assets (liabilities) 11,189,638 10,382,996 Less: valuation allowance (11,189,638 ) (10,382,996 ) Total $ — $ —

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT) (Tables)	12 Months Ended
STOCKHOLDERS' EQUITY (DEFICIT) (Tables)	Mar. 31, 2020
Equity [Abstract]
Schedule of outstanding warrants	The following is a summary of the Company’s outstanding warrants at March 31, 2020: Warrants Exercise Expiration Intrinsic Value at Outstanding Price ($) Date March 31, 2020 1 (1) 1,171,875.00 April 26, 2021 $ — 3 (2) 195,312.50 September 12, 2022 — 32 (3) 12,187.50 May 24, 2023 — 36 $ — (1) Warrants issued in connection with the sale of convertible notes. The warrants were exercisable on the grant date (April 26, 2016) and remain exercisable until April 26, 2021. (2) Warrants issued in connection with funding. The warrants were exercisable on the grant date (September 12, 2017) and remain exercisable until September 12, 2022. (3) Warrants issued in connection with a Severance Agreement with Richard N. Azar II, the Company’s former Chief Executive Officer. The warrants were exercisable on the grant date (May 25, 2018) and remain exercisable until May 24, 2023.

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	12 Months Ended
SHARE-BASED COMPENSATION (Tables)	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Schedule of stock option activity	The following summarizes Camber’s stock option activity for each of the years ended March 31, 2020 and 2019: 2020 2019 Number of Stock Weighted Average Exercise Price Number of Stock Weighted Average Exercise Price Outstanding at Beginning of Year 2 $ 40,429,700 2 $ 40,429,700 Expired/Cancelled — — — — Outstanding at End of Year 2 $ 40,429,700 2 $ 40,429,700
Schedule of options outstanding and exercisable	Options outstanding and exercisable as of March 31, 2020: Exercise Remaining Options Options Price ($) Life (Yrs.) Outstanding Exercisable 40,429,700 0.50 2 2 Total 2 2

INCOME (LOSS) PER COMMON SHARE

INCOME (LOSS) PER COMMON SHARE (Tables)	12 Months Ended
INCOME (LOSS) PER COMMON SHARE (Tables)	Mar. 31, 2020
Earnings Per Share [Abstract]
Schedule of earnings (loss) per share	The calculation of earnings (loss) per share for the years ended March 31, 2020 and 2019 was as follows: Year Ended March 31, 2020 2019 Numerator: Income (loss) $ (3,856,299 ) $ 16,643,153 Less preferred dividends (7,737,086 ) (5,676,715 ) Net income (loss) attributable to common stockholders $ (11,593,385 ) $ 10,966,438 Denominator Weighted average share – basic 2,109,622 3,951 Dilutive effect of common stock equivalents Options/warrants — — Preferred C shares — 37,854 Denominator Total Weighted average shares – diluted 2,109,622 41,805 Income (loss) per share – basic Continuing operations $ (5.50 ) $ 2,775.61 Income (loss) per share – diluted Continuing Operations $ (5.50 ) $ 262.32
Schedule of anti-dilutive shares	For the years ended March 31, 2020 and 2019, the following share equivalents related to convertible debt and warrants to purchase shares of common stock were excluded from the computation of diluted net income (loss) per share as the inclusion of such shares would be anti-dilutive. 2020 2019 Common Shares Issuable for: Convertible Debt 276 — Options and Warrants 38 41 Series C Preferred Shares 1,218,016,833 — Total 1,218,017,147 41

SUPPLEMENTAL CASH FLOW INFORM_2

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	12 Months Ended
SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	Mar. 31, 2020
Supplemental Cash Flow Elements [Abstract]
Schedule of 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

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of liabilities and mezzanine equity carried at fair value	The liabilities and mezzanine equity carried at fair value as of March 31, 2020 and March 31, 2019 were as follows: March 31, 2020 Total Level 1 Level 2 Level 3 Liabilities: Derivative liability $ — $ — $ — $ — Total liabilities at fair value $ — $ — $ — $ — March 31, 2019 Total Level 1 Level 2 Level 3 Liabilities: Derivative liability $ 5 $ — $ — $ 5 Total liabilities at fair value $ 5 $ — $ — $ 5

Supplemental Oil and Gas Disc_2

Supplemental Oil and Gas Disclosures (Unaudited) (Tables)	12 Months Ended
Supplemental Oil and Gas Disclosures (Unaudited) (Tables)	Mar. 31, 2020
Supplemental Oil And Gas Disclosures
Schedule of proved developed, proved undeveloped and probable undeveloped reserves	The following tables sets forth the changes in Camber’s net proved reserves (including developed and undeveloped reserves) for the years ended March 31, 2020 and 2019. Reserves estimates as of March 31, 2020 and 2019, respectively, were estimated by the independent petroleum consulting firm Graves & Co. Consulting LLC: March 31, 2020 2019 Crude Oil (Bbls) Net proved reserves at beginning of year 124,524 129,573 Revisions of previous estimates (64,275 ) (3,868 ) Purchases in place — — Extensions, discoveries and other additions — — Sales in place — (75 ) Production (5,399 ) (8,846 ) Net proved reserves at end of year 54,850 124,520 Natural Gas (Mcf) Net proved reserves at beginning of year 208,710 8,147,168 Revisions of previous estimates 18,005 (7,609,052 ) Purchases in place — — Extensions, discoveries and other additions — — Sales in place — (7,983 ) Production (18,892 ) (321,423 ) Net proved reserves at end of year 207,823 208,710 NGL (Bbls) Net proved reserves at beginning of year 44,110 1,435,703 Revisions of previous estimates 4,381 (1,338,916 ) Purchases in place — — Extensions, discoveries and other additions — — Sales in place — (1,418 ) Production (4,536 ) (51,269 ) Net proved reserves at end of year 43,955 44,100 Oil Equivalents (Boe) Net proved reserves at beginning of year 203,406 2,923,138 Revisions of previous estimates (56,880 ) (2,603,224 ) Purchases in place — — Extensions, discoveries and other additions — — Sales in place — (2,823 ) Production (13,084 ) (113,685 ) Net proved reserves at end of year 133,442 203,406 The following table sets forth Camber’s proved developed and undeveloped reserves at March 31, 2020 and 2019: At March 31, 2020 2019 Proved Developed Producing Reserves Crude Oil (Bbls) 54,850 76,490 Natural Gas (Mcf) 207,823 208,710 NGL (Bbls) 43,955 44,100 Oil Equivalents (Boe) 133,442 155,376 Proved Developed Non-Producing Reserves Crude Oil (Bbls) — 48,030 Natural Gas (Mcf) — — NGL (Bbls) — — Oil Equivalents (Boe) — 48,030 Proved Undeveloped Reserves Crude Oil (Bbls) — — Natural Gas (Mcf) — — NGL (Bbls) — — Oil Equivalents (Boe) — — Proved Reserves Crude Oil (Bbls) 54,850 124,520 Natural Gas (Mcf) 207,823 208,710 NGL (Bbls) 43,955 44,100 Oil Equivalents (Boe) 133,442 203,406 The following table sets forth Camber’s net reserves in Boe by reserve category and by formation at March 31, 2020 and 2019: Proved Developed Proved Non-Producing Proved Undeveloped Total Proved Hutchinson Area At March 31, 2020 — — — — At March 31, 2019 18,200 48,030 — 66,230 Trend Area At March 31, 2020 133,442 — — 133,442 At March 31, 2019 132,361 — — 132,361 Other At March 31, 2020 — — — — At March 31, 2019 4,815 — — 4,815 Total At March 31, 2020 133,442 — — 133,442 At March 31, 2019 155,376 48,030 — 203,406
Schedule of net capitalized costs being amortized	The following table sets forth the capitalized costs relating to Camber’s crude oil and natural gas producing activities at March 31, 2020 and 2019: At March 31, 2020 2019 Oil and gas properties subject to amortization $ 50,352,033 $ 50,352,306 Oil and gas properties not subject to amortization 28,016,989 28,016,989 Capitalized asset retirement costs 91,850 176,649 Total oil & natural gas properties 78,460,872 78,545,944 Accumulated depreciation, depletion, and impairment (78,350,605 ) (78,333,628 ) Net Capitalized Costs $ 110,267 $ 212,316
Schedule of costs incurred in oil and natural gas property acquisition, exploration and development activities	The following table sets forth the costs incurred in Camber’s oil and natural gas property acquisition, exploration and development activities for the years ended March 31, 2020 and 2019: 2020 2019 Acquisition of properties Proved $ — $ — Unproved — — Exploration costs — — Development costs — 1,548,953 Total $ — $ 1,548,953
Schedule of results of operations for oil and natural gas producing activities	The following table sets forth the results of operations for oil and natural gas producing activities for the years ended March 31, 2020 and 2019: 2020 2019 Crude oil and natural gas revenues $ 397,118 $ 2,742,102 Production costs (494,096 ) (3,003,901 ) Depreciation and depletion (16,977 ) (473,521 ) Results of operations for producing activities, excluding corporate overhead and interest costs $ (113,955 ) $ (735,320 )
Schedule of standardized measure of discounted future net cash flows relating to proved oil and natural gas reserves	The following table sets forth the standardized measure of discounted future net cash flows from projected production of Camber’s oil, NGL, and natural gas reserves as of March 31, 2020 and 2019: At March 31, 2020 2019 Future cash inflows $ 4,069,441 $ 9,223,561 Future production costs (1,832,098 ) (4,073,084 ) Future development costs — (595,000 ) Future income taxes (469,846 ) (956,650 ) Future net cash flows 1,767,497 3,598,827 Discount to present value at 10% annual rate (803,608 ) (1,520,346 ) Standardized measure of discounted future net cash flows relating to proved oil and gas reserves $ 963,889 $ 2,078,481
Schedule of changes in the standardized measure of discounted future net cash flows	The following table sets forth the changes in the standardized measure of discounted future net cash flows for each of the years ended March 31, 2020 and 2019: 2020 2019 Standardized measure, beginning of year $ 2,078,481 $ 7,468,115 Crude oil and natural gas sales, net of production costs 96,978 260,928 Net changes in prices and production costs (408,944 ) 1,842,171 Changes in estimated future development costs (324,481 ) 344,759 Revisions of previous quantity estimates (145,373 ) 17,112,424 Accretion of discount 122,014 263,955 Net change in income taxes 304,877 3,460,184 Purchases of reserves in place — — Sales of reserves in place — (10,083 ) Change in timing of estimated future production (759,663 ) (28,663,972 ) Standardized measure, end of year $ 963,889 $ 2,078,481

ORGANIZATION AND OPERATIONS O_2

ORGANIZATION AND OPERATIONS OF THE COMPANY (Details Narrative)	Jun. 25, 2020USD ($)	Feb. 03, 2020USD ($)	Oct. 29, 2019shares	Jul. 08, 2019USD ($)	Sep. 26, 2018USD ($)	Aug. 01, 2018USD ($)	Jul. 08, 2018	Mar. 05, 2018	Jan. 31, 2020USD ($)	Apr. 16, 2020shares	Apr. 15, 2020shares	Mar. 31, 2020shares	Oct. 27, 2019shares	Oct. 08, 2019	Apr. 10, 2019shares	Apr. 09, 2019shares	Mar. 31, 2019shares	Dec. 20, 2018shares	Dec. 19, 2018shares
Reverse stock split ratio			.02				0.04	0.04
Common stock authorized shares \| shares			5,000,000									250,000,000	250,000,000		250,000,000	20,000,000	250,000,000	20,000,000	500,000,000
Common Stock, Outstanding \| shares			1,500,000									5,000,000	74,500,000				13,441
Ownership percentage												25.00%
Subsequent Event [Member]
Common stock authorized shares \| shares										25,000,000	5,000,000
Elysium Energy LLC [Member]
Ownership percentage		25.00%										25.00%
Elysium Energy LLC [Member] \| Subsequent Event [Member]
Ownership percentage	30.00%
N&B Energy LLC [Member]
Production payment percentage						12.50%
Production payment						$ 2,500,000
Overriding royalty interest						3.00%
Evercon Energy LLC ("Evercon") [Member]
Provide working capital				$ 50,000
Ownership percentage														80.00%
Agreement And Plan Of Merger [Member] \| Members of Lineal [Member]
Ownership percentage				100.00%
Sale Agreement [Member] \| N&B Energy LLC [Member]
Production payment percentage					12.50%
Production payment					$ 2,500,000
Overriding royalty interest					3.00%
Sale Agreement [Member] \| Viking Energy Group Inc [Member]
Percentage of post-closing capitalization to be received		80.00%
Settlement Agreement [Member] \| Petroglobe Energy Holdings, LLC and Signal Drilling, LLC [Member]
Litigation settlement amount									$ 250,000
Litigation settlement due									100,000
Escrow account									$ 150,000
Viking Plan Of Merger Agreement [Member]
Percentage of post-closing capitalization to be received		80.00%
Viking Plan Of Merger Agreement [Member] \| Elysium Energy LLC [Member]
Investment in subsidiary		$ 5,000,000
Ownership percentage		25.00%
Viking Plan Of Merger Agreement [Member] \| Elysium Energy LLC [Member] \| Subsequent Event [Member]
Investment in subsidiary	$ 4,200,000

LIQUIDITY AND GOING CONCERN C_3

LIQUIDITY AND GOING CONCERN CONSIDERATIONS (Details) - USD ($)	Sep. 26, 2019	Mar. 31, 2019
Gain on Sales of Oil and Gas Properties		$ 25,808,246
N&B Energy LLC [Member] \| Sale Agreement [Member]
Assumption of IBC Loan	$ 36,943,617
Assumption of ARO Liability	699,536
Assumption of Capital Lease Obligations and Other	287,074
Cash Received at Closing	100
Oil and Gas Properties Transferred	(12,122,081)
Gain on Sales of Oil and Gas Properties	$ 25,808,246

LIQUIDITY AND GOING CONCERN C_4

LIQUIDITY AND GOING CONCERN CONSIDERATIONS (Details Narrative) - USD ($)	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Current assets	$ 1,132,660	$ 8,170,965
Current liabilities	2,028,908	2,103,802
Working capital deficit	(900,000)	$ 6,100,000
Notes Receivable	$ 7,339,719
Stock Purchase Agreement [Member] \| Series C Preferred Stock [Member]
Number of shares issued	525	1,577
Proceeds from sale of shares	$ 5,000,000	$ 15,000,000

LIQUIDITY AND GOING CONCERN C_5

LIQUIDITY AND GOING CONCERN CONSIDERATIONS (Details Narrative 1) - USD ($)	Sep. 26, 2018	Aug. 01, 2018	Jul. 12, 2018	Mar. 31, 2020	Oct. 08, 2019
Ownership percentage				25.00%
International Bank of Commerce [Member] \| Loan Agreement [Member]
Commercial bank debt assumed in acquisition			$ 36,900,000
N&B Energy LLC [Member]
Production payment percentage		12.50%
Production payment		$ 2,500,000
Overriding royalty interest		3.00%
N&B Energy LLC [Member] \| Sale Agreement [Member]
Proceeds from divestiture of businesses	$ 100
Production payment percentage	12.50%
Production payment	$ 2,500,000
Overriding royalty interest	3.00%
Reduction in liabilities	$ 37,900,000
Reduction in assets	$ 12,100,000
N&B Energy LLC [Member] \| Segundo Resources, LLC (Affiliate of RAD2) [Member] \| Asset Purchase Agreement [Member]
Proceeds from divestiture of businesses			$ 100
Evercon Energy LLC ("Evercon") [Member]
Ownership percentage					80.00%

SUMMARY OF SIGNIFICANT ACCOUN_3

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

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Components of oil and gas properties recorded at cost
Oil and gas properties subject to amortization	$ 50,352,033	$ 50,352,306
Oil and gas properties not subject to amortization	28,016,989	28,016,989
Capitalized asset retirement costs	91,850	176,649
Total oil & natural gas properties	78,460,872	78,545,944
Accumulated depreciation, depletion, and impairment	(78,350,605)	(78,333,628)
Net Capitalized Costs	$ 110,267	$ 212,316

PROPERTY AND EQUIPMENT (Detai_2

PROPERTY AND EQUIPMENT (Details Narrative)	Sep. 26, 2018USD ($)	Jul. 12, 2018USD ($)	Mar. 31, 2020USD ($)$ / Boe	Mar. 31, 2019USD ($)$ / Boe
Amortization expense per barrel of oil equivalent \| $ / Boe			1.30	1.18
Impairment of oil and gas			$ 0	$ 1,304,785
Lives of wells enhancement			0	2,100,000
Depletion on lives of wells			$ 16,977	$ 473,521
N&B Energy LLC [Member] \| Sale Agreement [Member]
Proceeds from divestiture of businesses	$ 100
Segundo Resources, LLC (Affiliate of RAD2) [Member] \| Asset Purchase Agreement [Member] \| N&B Energy LLC [Member]
Proceeds from divestiture of businesses		$ 100
International Bank of Commerce [Member] \| Loan Agreement [Member]
Commercial bank debt assumed in acquisition		$ 36,900,000

PLAN OF MERGER AND Investment_3

PLAN OF MERGER AND Investment in Unconsolidated ENTITY (Details)	12 Months Ended
	Mar. 31, 2020
Percentage of Elysium Retained by Camber	25.00%
Termination One [Member]
Reason for Termination	The reasonable likelihood that the combined company will not meet the initial listing requirements of the NYSE American, required regulatory approvals will not be obtained, or the registration statement on Form S-4 will not be declared effective, through no fault of Camber or Viking
Percentage of Elysium Retained by Camber	20.00%	[1]
Termination Two [Member]
Reason for Termination	Termination of the Merger Agreement by either party, through no fault of Camber
Percentage of Elysium Retained by Camber	25.00%	[1]
Termination Three [Member]
Reason for Termination	Termination of the Merger Agreement due to a material breach of the Merger Agreement by Camber or its disclosure schedules
Percentage of Elysium Retained by Camber	0.00%	[1]
Termination Four [Member]
Reason for Termination	Termination of the Merger Agreement for any reason and in the event the Secured Notes (defined below) are not repaid within 90 days of the date of termination and the Additional Payment (defined below) is not made.
Percentage of Elysium Retained by Camber	30.00%

[1]	Assumes the payment of Secured Notes within 90 days of the date of termination of the Merger Agreement and the Additional Payment (defined below) is made.

PLAN OF MERGER AND Investment_4

PLAN OF MERGER AND Investment in Unconsolidated ENTITY (Details 1)	12 Months Ended
	Mar. 31, 2020USD ($)
Equity Method Investments and Joint Ventures [Abstract]
Proportionate Share of Elysium Earnings	$ 957,169
Carrying amount at end of year	$ 957,169

PLAN OF MERGER AND Investment_5

PLAN OF MERGER AND Investment in Unconsolidated ENTITY (Details Narrative)	Jun. 25, 2020USD ($)	Feb. 03, 2020USD ($)$ / shares	Feb. 03, 2020USD ($)$ / sharesshares	Mar. 31, 2020USD ($)	Mar. 31, 2020USD ($)Days$ / shares	Mar. 31, 2019USD ($)
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
Total liabilities				$ 2,070,431	2,070,431	2,407,616
Net income					$ (3,856,299)	$ 16,643,153
Maximum [Member]
Ownership percentage				51.00%	51.00%
Elysium Energy LLC [Member]
Ownership percentage		25.00%	25.00%	25.00%	25.00%
Current assets				$ 4,000,000	$ 4,000,000
Total assets				37,700,000	37,700,000
Total liabilities				34,000,000	34,000,000
Net assets				3,700,000	$ 3,700,000
Total revenues				4,000,000
Net income				$ 3,800,000
Elysium Energy LLC [Member] \| Subsequent Event [Member]
Ownership percentage	30.00%
Viking Plan Of Merger Agreement [Member]
Percentage of post-closing capitalization to be received		80.00%
Viking Plan Of Merger Agreement [Member] \| Elysium Energy LLC [Member]
Ownership percentage		25.00%	25.00%
Investment in subsidiary		$ 5,000,000
Viking Plan Of Merger Agreement [Member] \| Elysium Energy LLC [Member] \| Subsequent Event [Member]
Investment in subsidiary	$ 4,200,000
Percentage of additional ownership interest acquired	5.00%
Securities Purchase Agreement [Member]
Principal amount		$ 5,000,000	$ 5,000,000
Securities Purchase Agreement [Member] \| 10.5% Secured Promissory Note [Member]
Debt termination payment percentage of principal					115.50%
Conversion price (in dollars per share) \| $ / shares		$ 0.24	$ 0.24
Average common stock trading price for debt conversion \| $ / shares					$ 0.55
Consecutive business days \| Days					15
Interest rate		10.50%	10.50%
Securities Purchase Agreement [Member] \| 10.5% Secured Promissory Note [Member] \| Viking Energy Group Inc [Member]
Maximum ownership percentage of common stock for debt conversion				4.99%	4.99%
Securities Purchase Agreement [Member] \| 10.5% Secured Promissory Note [Member] \| Viking Energy Group Inc [Member] \| Maximum [Member]
Maximum ownership percentage of common stock for debt conversion				9.99%	9.99%
Securities Purchase Agreement [Member] \| 10.5% Secured Promissory Note [Member] \| Viking Energy Group Inc [Member] \| Elysium [Member]
Ownership interest				75.00%	75.00%
Securities Purchase Agreement [Member] \| 10.5% Secured Promissory Note [Member] \| Viking Energy Group Inc [Member] \| Ichor Energy Holdings LLC [Member]
Ownership interest				100.00%	100.00%
Securities Purchase Agreement [Member] \| June 2020 Secured Note [Member] \| Subsequent Event [Member]
Principal amount	$ 4,200,000
Interest rate	10.50%
Securities Purchase Agreement [Member] \| Secured Notes [Member] \| Subsequent Event [Member]
Principal amount	$ 9,200,000
Securities Purchase Agreement [Member] \| Series C Preferred Stock [Member]
Principal amount		$ 5,000,000	$ 5,000,000
Number of shares issed (in shares) \| shares			525
Stock issuance dicount percentage			5.00%
Face value per share \| $ / shares		$ 10,000	$ 10,000
Redemption amount		$ 5,775,000	$ 5,775,000

LONG-TERM NOTES RECEIVABLE (Det

LONG-TERM NOTES RECEIVABLE (Details)	Mar. 31, 2020USD ($)
Total	$ 7,339,719
10.5% Secured Promissory Note [Member] \| Viking Energy Group Inc [Member]
Subtotal	50,000,000
Promissory Note [Member] \| Lineal Star Holdings LLC [Member]
Subtotal	1,539,719
Promissory Note Two [Member] \| Lineal Star Holdings LLC [Member]
Subtotal	$ 800,000

LONG-TERM NOTES RECEIVABLE (D_2

LONG-TERM NOTES RECEIVABLE (Details Narrative)	12 Months Ended
LONG-TERM NOTES RECEIVABLE (Details Narrative)	Mar. 31, 2020USD ($)
10.5% Secured Promissory Note [Member] \| Viking Energy Group Inc [Member]
Principal amounts	$ 5,000,000
Annual interest rate	10.50%
Interest due start date	May 1, 2020
Interest payment frequency	quarterly
Maturity date	Feb. 3, 2022
Accrued and unpaid interest	$ 83,425
Promissory Note [Member] \| Lineal Star Holdings LLC [Member]
Principal amounts	$ 1,539,719
Annual interest rate	10.50%
Interest due start date	Mar. 31, 2020
Interest payment frequency	quarterly
Maturity date	Dec. 31, 2021
Accrued and unpaid interest	$ 37,966
Promissory Note Two [Member] \| Lineal Star Holdings LLC [Member]
Principal amounts	$ 800,000
Annual interest rate	8.00%
Interest due start date	Mar. 31, 2020
Interest payment frequency	quarterly
Maturity date	Dec. 31, 2021
Accrued and unpaid interest	$ 15,781

ASSET RETIREMENT OBLIGATIONS (D

ASSET RETIREMENT OBLIGATIONS (Details) - USD ($)	12 Months Ended
ASSET RETIREMENT OBLIGATIONS (Details) - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Carrying amount at beginning of year	$ 303,809	$ 979,159
Payments	(149,910)
Accretion	2,920	4,725
Dispositions		(699,536)
Revisions of previous estimates	(85,069)	19,461
Carrying amount at end of year	$ 71,750	$ 303,809

ASSET RETIREMENT OBLIGATIONS _2

ASSET RETIREMENT OBLIGATIONS (Details Narrative) - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Asset Retirement Obligation Disclosure [Abstract]
Short-term obligations	$ 30,227	$ 0

NOTES PAYABLE AND DEBENTURE (De

NOTES PAYABLE AND DEBENTURE (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
NOTES PAYABLE AND DEBENTURE (Details Narrative) - USD ($)	Oct. 31, 2018	Mar. 31, 2020	Mar. 31, 2019
Common Stock [Member]
Number of shares converted			9,414
Discover Growth Fund [Member]
Debt instrument converted amount	$ 495,000
Notes interest rate	9.99%
Number of shares issued	80
Conversion premiums shares		38,116
Conversion prices (in dollars per share)		$ 31.25
Discover Growth Fund [Member] \| Common Stock [Member]
Conversion price (in dollars per share)	$ 101,562.50
Number of shares issued	5
Number of shares converted	642
Conversion premiums shares	637
Conversion prices (in dollars per share)	$ 1,912.50

DERIVATIVE LIABILITIES (Details

DERIVATIVE LIABILITIES (Details) - USD ($)	12 Months Ended
DERIVATIVE LIABILITIES (Details) - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Carrying amount at beginning of period	$ 5	$ 5
Change in fair value	$ (5)
Carrying amount at end of period		$ 5

DERIVATIVE LIABILITY (Details N

DERIVATIVE LIABILITY (Details Narrative)	Mar. 31, 2020shares	Mar. 31, 2019yrshares
Series C Preferred Stock [Member]
Preferred stock, outstanding \| shares	2,294	2,305
Maximum ownership percentage of common stock	9.99%
Expected Term [Member]
Measurement input \| yr		0.10
Discount Rate [Member]
Measurement input		0.0220
Volatility [Member]
Measurement input		2.5377
Expected dividends [Member]
Measurement input		0

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Sep. 12, 2019	Jan. 31, 2020	Apr. 30, 2018	Mar. 31, 2020
Capital leases effective borrowing rate			35.00%
Settlement payments				$ 204,842
Net settlement cost				204,842
Petroglobe Energy Holdings, LLC and Signal Drilling, LLC [Member] \| Settlement Agreement [Member]
Settlement payments		$ 100,000
Litigation settlement amount		250,000
Escrow account		$ 150,000
Petroglobe Energy Holdings, LLC and Signal Drilling, LLC [Member] \| Purchase And Sale Agreement [Member]
Damages amount				600,000
N&B Energy [Member] \| Sale Agreement [Member]
Owed amount	$ 400,000
Damages amount	$ 706,000
Apache Corporation [Member] \| Joint Operating Agreement [Member]
Damages amount				586,438
Maranatha Oil Co [Member]
Litigation settlement amount				$ 100,000
Overriding royalty interest				4.00%
Randy L Robinson [Member]
Overriding royalty interest				50.00%

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($)	12 Months Ended
REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Total oil and gas revenue from customers	$ 397,118	$ 2,742,102
Crude Oil Sales [Member]
Total oil and gas revenue from customers	296,036	526,365
Natural Gas Sales [Member]
Total oil and gas revenue from customers	37,049	772,105
Natural Gas Liquid Sales [Member]
Total oil and gas revenue from customers	$ 64,033	$ 1,443,632

MERGER AGREEMENT AND DIVESTIT_3

MERGER AGREEMENT AND DIVESTITURE (Details) - Lineal Star Holdings, LLC [Member]	12 Months Ended
	Mar. 31, 2020USD ($)
Total consideration	$ 20,118,000
Series E Preferred Stock [Member]
Total consideration	18,701,000
Series F Preferred Stock [Member]
Total consideration	$ 1,417,000

MERGER AGREEMENT AND DIVESTIT_4

MERGER AGREEMENT AND DIVESTITURE (Details 1) - Lineal Star Holdings, LLC [Member]	Jul. 08, 2019USD ($)
Cash	$ 449,763
Accounts receivable	2,776,477
Deferred tax assets	34,000
Cost in excess of billings	944,250
Property and equipment	1,436,920
Right of use asset - operating leases	913,396
Other current assets and deposits	60,132
Goodwill	17,992,118
Accounts payable - trade	(400,889)
Accrued and other liabilities	(893,013)
Operating lease liabilities	(913,396)
Finance lease liabilities	(313,472)
Loan Payable - shareholder	(492,337)
Notes payable	(1,475,949)
Net assets acquired	$ 20,118,000

MERGER AGREEMENT AND DIVESTIT_5

MERGER AGREEMENT AND DIVESTITURE (Details 2) - Discontinued Operations, Disposed of by Sale [Member]	Mar. 31, 2020USD ($)
Total net consideration	$ 17,100,000
Series E Preferred Stock [Member]
Total net consideration	14,666,000
Series F Preferred Stock [Member]
Total net consideration	$ 2,434,000

MERGER AGREEMENT AND DIVESTIT_6

MERGER AGREEMENT AND DIVESTITURE (Details 3) - Discontinued Operations, Disposed of by Sale [Member]	Mar. 31, 2020USD ($)
Cash	$ 2,101,879
Accounts receivable	1,673,538
Deferred tax assets	34,000
Cost in excess of billings	497,340
Property and equipment	1,996,229
Right of use asset - operating leases	710,898
Other current assets and deposits	49,275
Goodwill	18,314,222
Accounts payable - trade	(260,882)
Accrued and other liabilities	(369,448)
Billings in excess of costs	(445,759)
Operating lease liabilities	(710,898)
Finance lease liabilities	(237,925)
Notes payable	(3,545,841)
Net assets divested	$ 19,806,628

MERGER AGREEMENT AND DIVESTIT_7

MERGER AGREEMENT AND DIVESTITURE (Details 4) - Discontinued Operations, Disposed of by Sale [Member]	12 Months Ended
	Mar. 31, 2020USD ($)
Contract revenue	$ 9,106,764
Contract costs	(7,772,726)
Depreciation and amortization	(155,282)
Selling, general and administrative	(1,649,643)
Operating loss	(470,887)
Other income	273,037
Interest expense	(113,522)
Net (loss) from discontinued operations	(311,372)
Loss on disposal of business	(2,706,628)
Change in value of preferred stock	$ 3,018,000

MERGER AGREEMENT AND DIVESTIT_8

MERGER AGREEMENT AND DIVESTITURE (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Oct. 31, 2018	Mar. 31, 2020	Jul. 08, 2019
Ownership percentage		25.00%
Accounts receivable		$ 0
Maximum [Member]
Ownership percentage		51.00%
Lineal Star Holdings, LLC [Member]
Precantage of debt		18.00%
Change in value of preferred stock		$ 2,706,628
Lineal Star Holdings, LLC [Member] \| Series E and F Preferred Shares [Member]
Change in value of preferred stock		3,018,000
Lineal Star Holdings, LLC [Member] \| July 2019 Lineal Note [Member]
Principal amounts		$ 1,539,719
Maturity start date		Mar. 31, 2020
Maturity end date		Dec. 31, 2021
Interest rate		8.00%
Lineal Star Holdings, LLC [Member] \| December 2019 Lineal Note [Member]
Principal amounts		$ 800,000
Interest rate		10.00%
Accounts receivable		$ 53,746
Discover Growth Fund [Member] \| Series C Preferred Stock [Member]
Ownership percentage		9.99%
Discover Growth Fund [Member]
Debt instrument converted amount	$ 495,000
Agreement And Plan Of Merger [Member] \| Common Stock [Member] \| Minimum [Member]
Percentage of fully diluted capitalization			6.00%
Agreement And Plan Of Merger [Member] \| Common Stock [Member] \| Maximum [Member]
Percentage of fully diluted capitalization			6.67%
Agreement And Plan Of Merger [Member] \| Series D Preferred Stock [Member]
Percentage of fully diluted capitalization			26.67%
Agreement And Plan Of Merger [Member] \| Series E Preferred Stock [Member] \| Minimum [Member]
Percentage of fully diluted capitalization			66.70%
Agreement And Plan Of Merger [Member] \| Series E Preferred Stock [Member] \| Maximum [Member]
Percentage of fully diluted capitalization			70.00%
Agreement And Plan Of Merger [Member] \| Members of Lineal [Member]
Ownership percentage			100.00%
Funding And Loan Agreement [Member] \| Lineal Star Holdings, LLC [Member]
Principal amounts			$ 1,050,000

INCOME TAXES (Details)

INCOME TAXES (Details)	12 Months Ended
INCOME TAXES (Details)	Mar. 31, 2019USD ($)
Current taxes:
State	$ 3,000
Total current taxes	3,000
Deferred taxes:
Total	$ (3,000)

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	12 Months Ended
INCOME TAXES (Details 1) - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Tax expense (benefit), computed at expected tax rates	$ (809,941)	$ 3,495,692
Nondeductible expenses	3,298	77,473
State taxes net of FIT benefit		2,370
Return to accrual true-up		1,490,624
Change in valuation allowance	$ 806,643	(5,063,159)
Total		$ (3,000)

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Deferred tax assets:
Net operating tax loss carryforwards	$ 10,432,878	$ 9,396,605
Depreciation, depletion and amortization	611,157	643,497
Income from subsidiary	(201,005)
Share-based compensation	302,916	302,916
Bad debt reserve	43,692	39,977
Other		1
Total deferred tax assets (liabilities)	11,189,638	10,382,996
Less: valuation allowance	$ (11,189,638)	$ (10,382,996)

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	Dec. 22, 2017	Dec. 20, 2017	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Pre-ownership change net operating loss			$ 44,500,000
Net operating loss carry-forwards			$ 50,000,000
Expiration year			2028
Federal income tax rate	21.00%	34.00%	21.00%	21.00%

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details)	Mar. 31, 2020$ / sharesshares
Warrants outstanding	36
Warrant - Exercise Price 1,171,875.00 [Member]
Warrants outstanding	1	[1]
Warrant exercise price \| $ / shares	$ 1,171,875
Warrant expiration date	Apr. 26, 2021
Warrant - Exercise Price 195,312.50 [Member]
Warrants outstanding	3	[2]
Warrant exercise price \| $ / shares	$ 195,312.50
Warrant expiration date	Sep. 12, 2022
Warrant - Exercise Price 12,187.50 [Member]
Warrants outstanding	32	[3]
Warrant exercise price \| $ / shares	$ 12,187.50
Warrant expiration date	May 24, 2023

[1]	Warrants issued in connection with the sale of convertible notes. The warrants were exercisable on the grant date (April 26, 2016) and remain exercisable until April 26, 2021.
[2]	Warrants issued in connection with funding. The warrants were exercisable on the grant date (September 12, 2017) and remain exercisable until September 12, 2022.
[3]	Warrants issued in connection with a Severance Agreement with Richard N. Azar II, the Company's former Chief Executive Officer. The warrants were exercisable on the grant date (May 25, 2018) and remain exercisable until May 24, 2023.

STOCKHOLDERS' EQUITY (Details N

STOCKHOLDERS' EQUITY (Details Narrative) - USD ($)	Jun. 22, 2020	Oct. 15, 2019	Jul. 08, 2019	May 15, 2019	Feb. 13, 2019	Feb. 13, 2019	Jan. 31, 2019	Nov. 15, 2018	Apr. 20, 2018	May 31, 2019	Sep. 30, 2018	Mar. 31, 2020	Mar. 31, 2019
Retained deficit												$ (158,074,768)	$ (154,218,469)
Ownership percentage												25.00%
Discover Growth Fund [Member]
Number of share issued for true ups												29,073
Discover Growth Fund [Member] \| Convertible Debenture [Member]
Value of shares issued on conversion												$ 495,000
Consulting Agreement [Member] \| Consultant [Member]
Monthly consideration								$ 28,000
Consulting Agreement [Member] \| Consultant [Member] \| Restricted Common Stock [Member]
Number of shares issued							13	7
Settlement and Mutual Release Agreement [Member] \| Regal Consulting, LLC [Member]
Number of shares issued		1,514
Consideration for terminate agreement		$ 17,500
Letter Agreement [Member] \| SylvaCap Media [Member]
Number of shares issued						480				480
Monthly consideration					$ 50,000
Expense reimbursement												$ 6,250
Letter Agreement [Member] \| SylvaCap Media [Member] \| Restricted Common Stock [Member]
Total accrued value of common stock													261,540
Agreement And Plan Of Merger [Member] \| Members of Lineal [Member]
Ownership percentage			100.00%
Series B Preferred Stock [Member]
Common stock issued on conversion				1
Preferred stock value issued													$ 44
Number of stock dividend issued											1
Preferred stock, shares outstanding				44,000								0	44,000
Preferred stock dividend rate												6.00%	6.00%
Preferred stock voting rights												voting rights on all matters, with each share having 1/781,250 of one vote
Value of shares issued on conversion				$ 25,000
Fair value of stock											$ 15,625
Share issued for stock dividend											1
Series C Preferred Stock [Member]
Preferred stock value issued												$ 2	$ 2
Preferred stock, shares outstanding												2,294	2,305
Preferred stock dividend rate												34.95%	34.95%
Series C Preferred Stock [Member] \| Discover Growth Fund [Member]
Common stock issued on conversion												11	404
Number of shares issued												4,899,442	3,794
Value of shares issued on conversion												$ 110,000	$ 4,040,000
Ownership percentage												9.99%
Series C Preferred Stock [Member] \| Stock Purchase Agreement [Member]
Preferred stock, shares outstanding												2,819
Number of shares issued												525	1,577
Proceeds from issuance of convertible preferred stock												$ 5,000,000	$ 15,000,000
Premium stock repurchase rate												110.00%
Requirement to redeem shares												525
Requirement to redeem shares, value												$ 5,775,000
Series C Preferred Stock [Member] \| Stock Purchase Agreement [Member] \| Subsequent Event [Member]
Number of shares issued	630
Proceeds from issuance of convertible preferred stock	$ 6,000,000
Series E Preferred Stock [Member]
Preferred stock, shares outstanding												0	0
Series E Preferred Stock [Member] \| Agreement And Plan Of Merger [Member] \| Members of Lineal [Member]
Stock issued for acquisition			1,000,000
Series F Preferred Stock [Member]
Preferred stock, shares outstanding												0	0
Series F Preferred Stock [Member] \| Agreement And Plan Of Merger [Member] \| Members of Lineal [Member]
Stock issued for acquisition			16,750
Additional Paid-In Capital [Member]
Stock Dividends to be Issued												$ 7,737,086	$ 5,676,715
Additional Paid-In Capital [Member] \| Series B Preferred Stock [Member]
Retained deficit											$ 882
Restricted Common Stock [Member] \| Consulting Agreement First Amendment [Member] \| Consultant [Member]
Number of shares issued												40
Monthly consideration												$ 50,000
Stock Divided Distributable [Member]
Stock Dividends to be Issued												$ (7,737,086)	$ 5,676,715
Institutional Investors [Member] \| Common Stock [Member]
Number of shares issued									5
Conversion of debt amount									$ 35,000

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details) - $ / shares	12 Months Ended
SHARE-BASED COMPENSATION (Details) - $ / shares	Mar. 31, 2020	Mar. 31, 2019
Options, Outstanding
Outstanding at Beginning of Year	2	2
Expired/Cancelled
Outstanding at End of Year	2	2
Options, Outstanding, Weighted Average Exercise Price
Outstanding at Beginning of Year	$ 40,429,700	$ 40,429,700
Expired/Cancelled
Outstanding at End of Year	$ 40,429,700	$ 40,429,700

SHARE-BASED COMPENSATION (Det_2

SHARE-BASED COMPENSATION (Details 1) - $ / shares	12 Months Ended
SHARE-BASED COMPENSATION (Details 1) - $ / shares	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Options outstanding
Exercise price	$ 40,429,700
Remaining Life	6 months
Options Outstanding	2	2	2
Options Exercisable	2

SHARE-BASED COMPENSATION (Det_3

SHARE-BASED COMPENSATION (Details Narrative) - USD ($)	12 Months Ended
SHARE-BASED COMPENSATION (Details Narrative) - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Stock option compensation expense	$ 0	$ 0
2014 Stock Incentive Plan [Member]
Shares authorized under incentive plan	2,500,000
Number of shares available for issuance	1,999
2010 Incentive Plan [Member]
Shares authorized under incentive plan	58
Number of shares available for issuance	1
2012 Incentive Plan [Member]
Shares authorized under incentive plan	96
Number of shares available for issuance	5

INCOME (LOSS) PER COMMON SHAR_2

INCOME (LOSS) PER COMMON SHARE (Details) - USD ($)	12 Months Ended
INCOME (LOSS) PER COMMON SHARE (Details) - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Numerator:
Income (loss)	$ (3,856,299)	$ 16,643,153
Less preferred dividends	(7,737,086)	(5,676,715)
Net income (loss) attributable to common stockholders	$ (11,593,385)	$ 10,966,438
Denominator
Weighted average share - basic (in shares)	2,109,622	3,951
Dilutive effect of common stock equivalents
Preferred C shares		37,854
Denominator
Total Weighted average shares - diluted (in shares)	2,109,622	41,805
Income (loss) per share - basic
Continuing operations	$ (5.50)	$ 2,775.61
Income (loss) per share - diluted
Continuing Operations	$ (5.50)	$ 262.32

INCOME (LOSS) PER COMMON SHAR_3

INCOME (LOSS) PER COMMON SHARE (Details 1) - shares	12 Months Ended
INCOME (LOSS) PER COMMON SHARE (Details 1) - shares	Mar. 31, 2020	Mar. 31, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total common shares issuable	1,218,017,147	41
Convertible Debt [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total common shares issuable	276
Options and Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total common shares issuable	38	41
Series C Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total common shares issuable	1,218,016,833

SUPPLEMENTAL CASH FLOW INFORM_3

SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($)	12 Months Ended
SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Supplemental cash flow information
Interest	$ 14,771	$ 842,520
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	12
Issuance of Common Stock for Dividends	$ 3	$ 2,782

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details)	Mar. 31, 2019USD ($)
Liabilities:
Derivative liability	$ 5
Total liabilities at fair value	5
Level 3 [Member]
Liabilities:
Derivative liability	5
Total liabilities at fair value	$ 5

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Jun. 25, 2020	Jun. 23, 2020	Jun. 22, 2020	May 27, 2020	Apr. 23, 2020	Apr. 15, 2020	Feb. 15, 2020	Feb. 03, 2020	Feb. 13, 2019	May 31, 2019	Jun. 24, 2020	Mar. 31, 2020	Mar. 31, 2019	Apr. 16, 2020	Oct. 29, 2019	Oct. 27, 2019	Apr. 10, 2019	Apr. 09, 2019	Dec. 20, 2018	Dec. 19, 2018
Common stock, par value (in dollars per share)												$ 0.001	$ 0.001
Common stock authorized shares												250,000,000	250,000,000		5,000,000	250,000,000	250,000,000	20,000,000	20,000,000	500,000,000
Ownership percentage												25.00%
Elysium Energy LLC [Member]
Ownership percentage								25.00%				25.00%
Common Stock [Member]
Number of shares issued for services													14
Series A Preferred Stock [Member]
Preferred stock, authorized												2,000	2,000
Series B Preferred Stock [Member]
Preferred stock, authorized												600,000	600,000
Preferred stock value issued													$ 44
Series D Preferred Stock [Member]
Preferred stock, authorized												50,000	50,000
Series E Preferred Stock [Member]
Preferred stock, authorized												1,000,000	1,000,000
Series F Preferred Stock [Member]
Preferred stock, authorized												16,750	16,750
Series C Preferred Stock [Member]
Preferred stock, authorized												5,000	5,000
Preferred stock value issued												$ 2	$ 2
Stock Purchase Agreement [Member] \| Series C Preferred Stock [Member]
Number of shares issued												525	1,577
Proceeds from issuance of convertible preferred stock												$ 5,000,000	$ 15,000,000
Securities Purchase Agreement [Member]
Principal amount								$ 5,000,000
Securities Purchase Agreement [Member] \| 10.5% Secured Promissory Note [Member]
Interest rate								10.50%
Securities Purchase Agreement [Member] \| Series C Preferred Stock [Member]
Number of shares issued								525
Stock issuance dicount percentage								5.00%
Face value per share								$ 10,000
Redemption amount								$ 5,775,000
Principal amount								$ 5,000,000
Viking Plan Of Merger Agreement [Member] \| Elysium Energy LLC [Member]
Ownership percentage								25.00%
SylvaCap Media [Member] \| Letter Agreement [Member]
Number of shares issued									480	480
Restricted Common Stock [Member] \| SylvaCap Media [Member] \| Letter Agreement [Member]
Number of shares issued for services							100,000
Payment to services per month							$ 50,000
Subsequent Event [Member]
Common stock, par value (in dollars per share)														$ 0.001
Common stock authorized shares						5,000,000								25,000,000
Subsequent Event [Member] \| Elysium Energy LLC [Member]
Ownership percentage	30.00%
Subsequent Event [Member] \| Stock Purchase Agreement [Member] \| Series C Preferred Stock [Member]
Number of shares issued			630
Proceeds from issuance of convertible preferred stock			$ 6,000,000
Stock issuance dicount percentage			5.00%
Stock repurchase price percentage of face value			110.00%
Subsequent Event [Member] \| Stock Purchase Agreement [Member] \| Series C Preferred Stock [Member]
Face value per share			$ 10,000
Preferred stock value issued			$ 6,930,000
Subsequent Event [Member] \| Securities Purchase Agreement [Member] \| June 2020 Secured Note [Member]
Principal amount	$ 4,200,000
Interest rate	10.50%
Subsequent Event [Member] \| Third Amendment to Agreement and Plan of Merger [Member]
Authorized consideration for officers and directors, per individual	$ 150,000
Total authorized consideration for officers and directors	$ 600,000
Subsequent Event [Member] \| Viking Plan Of Merger Agreement [Member] \| Elysium Energy LLC [Member]
Percentage of additional ownership interest acquired	5.00%
Subsequent Event [Member] \| Viking and Camber [Member] \| First Amendment Merger Agreement [Member]
Cash required at closing				$ 4,000,000
Maximum increase (decrease) in percentage of pro rata share received after merger				5.00%
Percentage of pro rata share received after merger				80.00%
Increment of cash or other unencumbered assets acquired for increase (decrease) in percentage of pro rata share received after merger				$ 500,000
Incremental increase (decrease) in percentage of pro rata share received after merger				0.50%
Subsequent Event [Member] \| Discover Growth Fund LLC [Member] \| Common Stock [Member]
Number of shares issued upon conversion		6,412,992			6,177,412	442,804					13,033,208
Number of shares issued											7,354,416
Number of shares reserved for issuance		5,678,792									5,678,792
Number of shares outstanding											2,000,000
Subsequent Event [Member] \| Discover Growth Fund LLC [Member] \| Series C Preferred Stock [Member]
Number of convertible shares converted		245			236	17					498
Percentage of ownership limitation		9.99%									9.99%

Supplemental Oil and Gas Disc_3

Supplemental Oil and Gas Disclosures (Unaudited) (Details)	12 Months Ended
Supplemental Oil and Gas Disclosures (Unaudited) (Details)	Mar. 31, 2020BoebblMcf	Mar. 31, 2019BoebblMcf
Crude Oil (Bbls) [Member]
Proved Reserves rollforward:
Net proved reserves at beginning of year	124,524	129,573
Revisions of previous estimates	(64,275)	(3,868)
Sales in place		(75)
Production	(5,399)	(8,846)
Net proved reserves at end of year	54,850	124,524
Natural Gas (Mcf) [Member]
Proved Reserves rollforward:
Net proved reserves at beginning of year \| Mcf	208,710	8,147,168
Revisions of previous estimates \| Mcf	18,005	(7,609,052)
Sales in place \| Mcf		(7,983)
Production \| Mcf	(18,892)	(321,423)
Net proved reserves at end of year \| Mcf	207,823	208,710
NGL (Bbls) [Member]
Proved Reserves rollforward:
Net proved reserves at beginning of year	44,110	1,435,703
Revisions of previous estimates	4,381	(1,338,916)
Sales in place		(1,418)
Production	(4,536)	(51,269)
Net proved reserves at end of year	43,955	44,110
Oil Equivalents (Boe) [Member]
Proved Reserves rollforward (Energy):
Net proved reserves at beginning of year \| Boe	203,406	2,923,138
Revisions of previous estimates \| Boe	(56,880)	(2,603,224)
Sales in place \| Boe		(2,823)
Production \| Boe	(13,084)	(113,685)
Net proved reserves at end of year \| Boe	133,442	203,406

Supplemental Oil and Gas Disc_4

Supplemental Oil and Gas Disclosures (Unaudited) (Details 1)	Mar. 31, 2020BoebblMcf	Mar. 31, 2019BoebblMcf	Mar. 31, 2018BoebblMcf
Crude Oil (Bbls) [Member]
Reserve Quantities [Line Items]
Proved Developed Producing Reserves	54,850	76,490
Proved Developed Non-Producing Reserves	0	48,030
Proved Reserves	54,850	124,524	129,573
Natural Gas (Mcf) [Member]
Reserve Quantities [Line Items]
Proved Developed Producing Reserves \| Mcf	207,823	208,710
Proved Reserves \| Mcf	207,823	208,710	8,147,168
NGL (Bbls) [Member]
Reserve Quantities [Line Items]
Proved Developed Producing Reserves	43,955	44,100
Proved Reserves	43,955	44,110	1,435,703
Oil Equivalents (Boe) [Member]
Reserve Quantities [Line Items]
Proved Developed Producing Reserves \| Boe	133,442	155,376
Proved Developed Non-Producing Reserves \| Boe		48,030
Proved Reserves \| Boe	133,442	203,406	2,923,138

Supplemental Oil and Gas Disc_5

Supplemental Oil and Gas Disclosures (Unaudited) (Details 2) - Oil Equivalents (Boe) [Member] - Boe	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Reserve Quantities [Line Items]
Proved Developed	133,442	155,376
Proved Non-Producing		48,030
Total Proved	133,442	203,406	2,923,138
Hutchinson Area [Member]
Reserve Quantities [Line Items]
Proved Developed		18,200
Proved Non-Producing		48,030
Total Proved		66,230
Trend Area [Member]
Reserve Quantities [Line Items]
Proved Developed	133,442	132,361
Total Proved	133,442	132,361
Other [Member]
Reserve Quantities [Line Items]
Proved Developed		4,815
Total Proved		4,815

Supplemental Oil and Gas Disc_6

Supplemental Oil and Gas Disclosures (Unaudited) (Details 3) - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Supplemental Oil And Gas Disclosures
Oil and gas properties subject to amortization	$ 50,352,033	$ 50,352,306
Oil and gas properties not subject to amortization	28,016,989	28,016,989
Capitalized asset retirement costs	91,850	176,649
Total oil & natural gas properties	78,460,872	78,545,944
Accumulated depreciation, depletion, and impairment	(78,350,605)	(78,333,628)
Net Capitalized Costs	$ 110,267	$ 212,316

Supplemental Oil and Gas Disc_7

Supplemental Oil and Gas Disclosures (Unaudited) (Details 4)	12 Months Ended
	Mar. 31, 2019USD ($)
Acquisition of properties
Development costs	$ 1,548,953
Total	$ 1,548,953

Supplemental Oil and Gas Disc_8

Supplemental Oil and Gas Disclosures (Unaudited) (Details 5) - USD ($)	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Results of operations for oil and natural gas producing activities
Crude oil and natural gas revenues	$ 397,118	$ 2,742,102
Production costs	(494,096)	(3,003,901)
Depreciation and depletion	(16,977)	(473,521)
Results of operations for producing activities, excluding corporate overhead and interest costs	$ (113,955)	$ (735,320)

Supplemental Oil and Gas Disc_9

Supplemental Oil and Gas Disclosures (Unaudited) (Details 6) - USD ($)	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Standardized measure of discounted future net cash flows
Future cash inflows	$ 4,069,441	$ 9,223,561
Future production costs	(1,832,098)	(4,073,084)
Future development costs		(595,000)
Future income taxes	(469,846)	(956,650)
Future net cash flows	1,767,497	3,598,827
Discount to present value at 10% annual rate	(803,608)	(1,520,346)
Standardized measure of discounted future net cash flows relating to proved oil and gas reserves	$ 963,889	$ 2,078,481	$ 7,468,115

Supplemental Oil and Gas Dis_10

Supplemental Oil and Gas Disclosures (Unaudited) (Details 7) - USD ($)	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Changes in the standardized measure of discounted future cash flows
Standardized measure, beginning of year	$ 2,078,481	$ 7,468,115
Crude oil and natural gas sales, net of production costs	96,978	260,928
Net changes in prices and production costs	(408,944)	1,842,171
Changes in estimated future development costs	(324,481)	344,759
Revisions of previous quantity estimates	(145,373)	17,112,424
Accretion of discount	122,014	263,955
Net change in income taxes	304,877	3,460,184
Sales of reserves in place		(10,083)
Change in timing of estimated future production	(759,663)	(28,663,972)
Standardized measure, end of year	$ 963,889	$ 2,078,481

Supplemental Oil and Gas Dis_11

Supplemental Oil and Gas Disclosures (Unaudited) (Details Narrative)	12 Months Ended
	Mar. 31, 2020USD ($)Boe$ / bbl$ / McfbblMcf	Mar. 31, 2019USD ($)BoebblMcf	Feb. 03, 2020	Mar. 31, 2018USD ($)BoebblMcf
Reserve Quantities [Line Items]
Ownership percentage	25.00%
Net Capitalized Costs	$ 110,267	$ 212,316
Net Operating Income	(113,955)	(735,320)
Discounted future net cash flow	963,889	$ 2,078,481		$ 7,468,115
Viking Energy Group Inc [Member]
Reserve Quantities [Line Items]
Net Capitalized Costs	30,200,000
Net Operating Income	1,600,000
Discounted future net cash flow	$ 104,900,000
Elysium Energy LLC [Member]
Reserve Quantities [Line Items]
Ownership percentage	25.00%		25.00%
Net Capitalized Costs	$ 7,600,000
Net Operating Income	400,000
Discounted future net cash flow	$ 26,200,000
Crude Oil (Bbls) [Member]
Reserve Quantities [Line Items]
Total net reserves \| bbl	54,850	124,524		129,573
Proved Developed Non-Producing Reserves \| bbl	0	48,030
Crude Oil (Bbls) [Member] \| Viking Energy Group Inc [Member]
Reserve Quantities [Line Items]
Average monthly price \| $ / bbl	52.048
Crude Oil (Bbls) [Member] \| Elysium Energy LLC [Member]
Reserve Quantities [Line Items]
Total net reserves \| bbl	2,988,160
Equivalent ownership of net reserves \| bbl	747,040
Natural Gas (Mcf) [Member]
Reserve Quantities [Line Items]
Total net reserves \| Mcf	207,823	208,710		8,147,168
Natural Gas (Mcf) [Member] \| Viking Energy Group Inc [Member]
Reserve Quantities [Line Items]
Average monthly price \| $ / Mcf	2.74
Natural Gas (Mcf) [Member] \| Elysium Energy LLC [Member]
Reserve Quantities [Line Items]
Total net reserves \| Mcf	41,576,500
Equivalent ownership of net reserves \| Mcf	10,394,130
Oil Equivalents (Boe) [Member]
Reserve Quantities [Line Items]
Total net reserves \| Boe	133,442	203,406		2,923,138
Oil Equivalents (Boe) [Member] \| Elysium Energy LLC [Member]
Reserve Quantities [Line Items]
Total net reserves \| Boe	9,917,580
Equivalent ownership of net reserves \| Boe	2,479,390