XML 22 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2

Note 3 - Company Operations (Tables)

9 Months Ended

Sep. 30, 2016

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

		2016				2015
Revenues:
Oil and Gas		$	359,951			$	672,986
Timber			125,860				19,447
Surface			152,188				189,034
Total			637,999				881,467
Cost and Expenses:
Oil and Gas			36,059				58,570
Timber			10,978				670
Surface			2,459				4,266
Total			49,496				63,506
Income from Operations:
Oil and Gas			323,892				614,416
Timber			114,882				18,777
Surface			149,729				184,768
Total			588,503				817,961
Other Expense before Income Taxes:			(426,769	)			(195,505	)
Income before Income Taxes			161,734				622,456

Identifiable Assets, net of accumulated depreciation:
Oil and Gas		$	--			$	--
Timber			2,064,058				1,546,088
Surface			--				--
General Corporate Assets			12,314,402				12,610,848
Total			14,378,460				14,156,936
Capital Expenditures:
Oil and Gas			--				--
Timber			519,721				21,535
Surface			--				--
General Corporate Assets:			1,881,319				265,982
Total			2,401,040				287,517
Depreciation and Depletion:
Oil and Gas			--				--
Timber			1,751				--
Surface			236				--
General Corporate Assets			--				--
Total		$	1,987			$	--

Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]

Count			2016				2015
1			$	112,835			$	137,065
2				97,135				96,728
3				63,449				93,755
4				52,063				73,616
5				51,020				63,890
6				47,666				63,826
7				--				56,487
8				--				45,195

X

- Definition

Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: 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=68060357&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration