XML 22 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements of Income (Unaudited) (USD $)
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues:    
Oil and gas $ 419,572 $ 488,991
Surface 198,740 32,815
Timber   13,759
Total revenues 618,312 535,565
Costs and Expenses:    
Oil and gas production 24,904 35,897
Surface 13 127
Timber   12,377
General and administrative 119,607 137,422
Depreciation and depletion 1,671 7,959
Total cost and expenses 146,195 193,782
Income from operations 472,117 341,783
Other Income / (Expense):    
Interest income 4,071 5,433
Net other income / (expense) 4,071 5,433
Income before income taxes 476,188 347,216
Federal and State Income Taxes:    
Current 155,029 103,675
Total income taxes 155,029 103,675
Net Income $ 321,159 $ 243,541
Per Common Stock (1,942,495 shares):    
Net Income (in Dollars per share) $ 0.17 $ 0.13
Dividends (in Dollars per share) $ 0.07 $ 0.07