XML 11 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 1,068,645 $ 1,081,188
Proceeds held in 1031 trust account – restricted 33,821
Certificates of deposit 2,180,000 3,370,000
Accounts receivable 73,597 62,403
Prepaid expense and other assets 129,055 23,467
Total current assets 3,485,118 4,537,058
Non-current Assets:    
Certificates of deposit 1,912,890 720,000
Land 7,117,290 7,075,345
Property, plant, and equipment, net 9,250,444 9,161,266
Total assets 14,648,452 14,418,324
Current Liabilities:    
Trade payables and accrued expenses 236,344 122,464
Income tax payable 9,993
Total current liabilities 236,344 132,457
Non-current Liabilities:    
Deferred income tax payable 310,012 298,919
Total liabilities 546,356 431,376
Stockholders’ Equity:    
Common stock, no par value: 3,000,000 shares authorized; 1,942,495 and 1,942,495 shares issued, respectively 59,335 59,335
Retained earnings 14,042,761 13,927,613
Total stockholders’ equity 14,102,096 13,986,948
Total liabilities and stockholders’ equity 14,648,452 14,418,324
Timber Properties [Member]    
Non-current Assets:    
Property, plant, and equipment, net 2,111,302 2,072,368
Building and Equipment [Member]    
Non-current Assets:    
Property, plant, and equipment, net $ 21,852 $ 13,553