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Note 5 - Agreement to Purchase and Sell Real Estate	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	Note 5. Agreement to Purchase and Sell Real Estate On July 13, 2017, the Company entered into an Agreement to Purchase and Sell Real Estate (“Agreement”) to purchase approximate 44,000 square feet of rentable commercial real estate located in Sulphur, Louisiana from MAJ of Sulphur, L.L.C. for $2,725,000. The commercial real estate consists of three separate buildings located on two separate parcels of land. The Agreement ’s terms and conditions include, but are not limited to: ● 90 -day feasibility period for the Company to determine, at its sole discretion, that these properties are suitable for its intended use. ● Allows for an IRS 1031 Exchange, if elected, and ● Final approval of the transaction by the Company’s board of directors. The 90 day feasibility period has been deferred to allow seller to address an existing agreement that encumbers the real estate prior to CKX completing its due diligence and incurring additional costs.   No later than November 30, 2017, we anticipate the current Agreement to be amended to: ● exclude certain portions of the real estate reducing the rentable commercial real estate to 29,600 square feet, ● the purchase price to be reduced to $2,055,000, and ● the existing agreements that encumber the real estate to be amended or replaced on terms that are acceptable to CKX.

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The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 855
-URI http://asc.fasb.org/topic&trid=2122774

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