XML 15 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities:    
Net income $ 522,863 $ 170,674
Adjustments to reconcile net income to net cash used in operating activities:    
Gain on sale of land (34,711)
Timber depletion 15,661 1,751
Depreciation 1,191 467
Deferred (111,255) 6,152
Change in operating assets and liabilities:    
(Increase) decrease in current assets (77,551) 23,708
Increase in current liabilities 88,055 78,055
Net cash provided from (used in) operating activities 404,253 280,807
Cash Flows from Investing Activities:    
Maturity proceeds 3,610,000 3,564,000
Purchase (3,132,890) (3,130,000)
Proceeds 39,388 0
Purchases and improvements (76,432) (1,865,499)
Purchases (62,473) (528,031)
Purchases (16,380) (14,020)
Net cash provided from (used in) investing activities 361,213 (1,973,550)
Cash Flows from Financing Activities:    
Dividends paid (194,250)
Dividends reversion (6,507)
Dividends reversion 6,507
Net cash (used in) provided from financing activities (194,250) 6,507
Net increase (decrease) in cash and cash equivalents 571,216 (1,686,236)
Beginning 1,081,188 2,767,424
Ending 1,652,404 1,081,188
Supplemental Disclosures of Cash Flow Information    
Interest
Income taxes $ 169,500 $ 12,420