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Concentrations
9 Months Ended
Sep. 30, 2021
Risks and Uncertainties [Abstract]  
Concentrations

(9) Concentrations.

 

The mining royalty lands segment has a total of five tenants currently leasing mining locations and one lessee that accounted for 23.8% of the Company’s consolidated revenues during the nine months ended September 30, 2021, and $294,000 of accounts receivable at September 30, 2021. The termination of these lessees’ underlying leases could have a material adverse effect on the Company. The Company places its cash and cash equivalents with Wells Fargo Bank and First Horizon Bank. At times, such amounts may exceed FDIC limits.