XML 22 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Income and Comprehensive Income (Unaudited) (USD $)
 3 Months Ended 15 Months Ended
Mar. 31, 2012
Mar. 31, 2012
Revenues:    
Oil and gas $ 904,642 $ 295,779
Agriculture 25,533 7,726
Timber 4,935 3,439
Total revenues 935,110 306,944
Costs and Expenses:    
Oil and gas production 65,040 22,988
Agriculture 807 507
Timber 8,169 9,651
General and administrative 101,476 91,656
Depreciation and depletion 2,116 20,560
Total cost and expenses 177,608 145,362
Income from operations 757,502 161,582
Other Income / (Expense):    
Interest income 538 10,193
Dividend income   4,863
Gain on sale of land and other assets 124,000 306
Net other income / (expense) 124,538 15,362
Income before income taxes 882,040 176,944
Federal and State Income Taxes:    
Current 230,299 44,994
Deferred 39,969 148
Total income taxes 270,268 45,142
Net income 611,772 131,802
Other Comprehensive Income, Net of Taxes:    
Change in unrealized net holding gains occurring during period, net of taxes of $508   763
Other comprehensive income   763
Comprehensive Income $ 611,772 $ 132,565
Per Common Stock (1,942,495 shares):    
Net Income (in Dollars per share) $ 0.32 $ 0.07
Dividends (in Dollars per share) $ 0.07 $ 0.07