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Note 3 - Company Operations (Tables)

9 Months Ended

Sep. 30, 2017

Notes Tables

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

		201 7				20 16
Revenues :
Oil and Gas		$	465,710			$	359,951
Timber			8,966				125,860
Surface			318,423				152,188
Total			793,099				637,999
Cost and Expenses :
Oil and Gas			46,717				43,009
Timber			8,883				23,018
Surface			37,277				55,501
Total			92,877				121,528
Income from Operations :
Oil and Gas			418,993				316,942
Timber			83				102,842
Surface			281,146				96,687
Total			700,222				516,471

Other Expense before Income Taxes:		$	(303,676	)		$	(354,737	)
Income before Income Taxes			396,546				161,734
Identifiable Assets , net of accumulated depreciation:
Oil and Gas			--				--
Timber			2,111,302				2,064,058
Surface			--				--
General Corporate Assets			12,537,150				12,314,402
Total			14,648,452				14,378,460
Capital Expenditures :
Oil and Gas			--				--
Timber			38,934				519,721
Surface			--				--
General Corporate Assets :			88,788				1,881,319
Total			127,722				2,401,040
Depreciation and Depletion:
Oil and Gas			--				--
Timber			--				1,751
Surface			--				--
General Corporate Assets			701				236
Total		$	701			$	1,987

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

Count		201 7				201 6
1		$	179,292			$	112,835
2			100,322				97,135
3			88,284				63,449
4			56,008				52,063
5			45,443				51,020
6			40,655				47,666

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.

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- 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

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-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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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

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