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Note 4 - Notes Receivable and Advances

3 Months Ended

Mar. 31, 2026

Notes to Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 4                  NOTES RECEIVABLE AND ADVANCES

Notes receivable and advances at March 31, 2026 and  December 31, 2025 include:

		March 31, 2026				December 31, 2025
Sierra Springs advances receivable		$	—			$	9,400,000
Daney Ranch note receivable			913,754				913,754
Total notes receivable and advances		$	913,754			$	10,313,754

Advances to Sierra Springs Opportunity Fund, Inc. 

At December 31, 2025, the Company had an advance to SSOF of $9,400,000. During the three-months ended March 31, 2026, the Company advanced an additional $5,750,000. On March 26, 2026, all advances, totaling $15,150,000 were contributed in exchange for 23,307,692 shares of SSOF common stock at $0.65 per share. On March 30, 2026, the Company subscribed to and invested an additional $2,000,000 for 3,076,923 additional shares of SSOF common stock, also at $0.65 per share. These investments increased the Company's ownership to 40.66% (see Note 3). Total advances outstanding at March 31, 2026 and December 31, 2025 were $0 and $9,400,000, respectively. The advances were unsecured and bore interest at 4.5%. At  March 31, 2026 and December 31, 2025, interest receivable on the advances is $237,415 and $0, respectively, and is included in prepaid expenses and other current assets on our condensed consolidated balance sheet.

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- References

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- Definition

The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/310-10/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

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