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Note 3 - Company Operations (Tables)

6 Months Ended

Jun. 30, 2018

Notes Tables

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

		2018				2017
Revenues
Oil and Gas		$	286,255			$	333,362
Timber			355,008				8,966
Surface			99,465				253,448
Total			740,728				595,776
Cost and Expenses
Oil and Gas			29,943				33,049
Timber			35,378				6,107
Surface			14,506				24,848
Total			79,824				64,004
Income from Operations
Oil and Gas			256,312				300,313
Timber			319,630				2,859
Surface			84,962				228,600
Total			660,904				531,772
Other Income (Expense) before Income Taxes			328,161				(273,672	)
Income before Income Taxes			989,065				258,100
Identifiable Assets, net of accumulated depreciation and depletion
Oil and Gas			--				--
Timber			2,134,230				2,119,180
Surface			--				--
General Corporate Assets			13,286,517				12,604,557
Total			15,420,747				14,723,737
Capital Expenditures
Oil and Gas			--				--
Timber			29,763				11,040
Surface			--				--
General Corporate Assets			10,371				--
Total			40,134				11,040
Depreciation and Depletion
Oil and Gas			--				--
Timber			14,713				--
Surface			--				--
General Corporate Assets			467				467
Total		$	15,180			$	467

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

Count			2018				2017
1			$	250,334			$	179,292
2				77,137				80,210
3				73,110				54,154
4				47,567				42,513
5				38,333				38,333

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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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.

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