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Note 6 - Company Operations | 12 Months Ended
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Dec. 31, 2013
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] | Note 6. Company Operations The Company’s operations are classified into three principal operating segments that are all located in the United States: oil and gas, surface and timber. The Company’s reportable business segments are strategic business units that offer income from different products. They are managed separately due to the unique aspects of each area. Note 6. Company Operations (continued) Following is a summary of segmented operations information for 2013 and 2012:
|  | 2013 |  |  | 2012 |
Revenues |  |  |  |  |  |  |  |
Oil and Gas |  | $ | 1,807,320 |  |  | $ | 2,817,606 |
Surface |  |  | 139,871 |  |  |  | 345,267 |
Timber |  |  | 166,637 |  |  |  | 100,114 |
Total |  |  | 2,113,828 |  |  |  | 3,262,987 |
Cost and Expenses |  |  |  |  |  |  |  |
Oil and Gas |  |  | 114,204 |  |  |  | 219,224 |
Surface |  |  | 1,649 |  |  |  | 5,302 |
Timber |  |  | 119,368 |  |  |  | 40,018 |
Total |  |  | 235,221 |  |  |  | 264,544 |
Income from Operations |  |  |  |  |  |  |  |
Oil and Gas |  |  | 1,693,116 |  |  |  | 2,598,382 |
Surface |  |  | 138,222 |  |  |  | 339,965 |
Timber |  |  | 47,269 |  |  |  | 60,096 |
Total |  |  | 1,878,607 |  |  |  | 2,998,443 |
Other Income (Expense) before Income Taxes |  |  | (492,992 | ) |  |  | (348,608 | )
Income before Income Taxes |  |  | 1,385,615 |  |  |  | 2,649,835 |
Identifiable Assets, net of accumulated depreciation and depletion |  |  |  |  |  |  |  |
Oil and Gas |  |  | -- |  |  |  | -- |
Surface |  |  | -- |  |  |  | -- |
Timber |  |  | 1,301,639 |  |  |  | 1,235,790 |
General Corporate Assets |  |  | 11,744,967 |  |  |  | 11,349,630 |
Total |  |  | 13,046,606 |  |  |  | 12,585,420 |
Capital Expenditures |  |  |  |  |  |  |  |
Oil and Gas |  |  | -- |  |  |  | -- |
Surface |  |  | -- |  |  |  | -- |
Timber |  |  | 161,004 |  |  |  | 98,174 |
General Corporate Assets |  |  | 97,098 |  |  |  | 38,047 |
Total |  |  | 258,102 |  |  |  | 136,221 |
Depreciation and Depletion |  |  |  |  |  |  |  |
Oil and Gas |  |  | -- |  |  |  | -- |
Agricultural |  |  | -- |  |  |  | -- |
--Timber |  |  | 95,155 |  |  |  | 9,128 |
General Corporate Assets |  |  | 6,686 |  |  |  | 6,686 |
Total |  | $ | 101,841 |  |  | $ | 15,814 |
There are no intersegment sales reported in the accompanying income statements. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The Company evaluates performance based on income or loss from operations before income taxes excluding nonrecurring gains and losses on securities held available-for-sale. Income before income tax represents net revenues less costs and expenses less other income and expenses of a general corporate nature. Identifiable assets by segment are those assets used solely in the Company's operations within that segment. Note 6. Company Operations (continued) Revenue from five customers of the Company’s oil and gas segment represented approximately $759,000, $236,000, $177,000, $153,000, and $129,000, respectively, of the Company’s 2013 total revenue. In 2012, four oil and gas segment customers represented $1,324,000, $286,000, $216,000, and $179,000 respectively, of the Company’s total revenue.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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