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Note 5 - Investment in Joint Venture | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Investment [Text Block] |
5. | INVESTMENT IN JOINT VENTURE
In December 2023, the Company entered into a joint venture agreement with a local developer to form a Hawai‘i limited liability company ("BRE2 LLC"). The Company's initial capital contribution to BRE2 LLC consisted approximately 31 acres of former pineapple lands in Hali‘imaile valued at $1.6 million. Net proceeds from the sales of improved agricultural lots will be distributed according to terms of the joint venture agreement.

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