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Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Revenue by Customer $ 394,033 $ 397,005 $ 740,728 $ 595,776
Costs, Expenses and (Gains):        
General and administrative 133,748 100,590 266,309 250,233
Depreciation 234 233 467 467
Gain on sale of land and equipment (3,334) (881,654) (2,891)
Total cost, expenses and (gains) 166,232 142,250 (535,054) 311,813
Income from operations 227,801 254,755 1,275,782 283,963
Other Income:        
Interest income 12,954 10,363 25,876 20,575
Net other income 12,954 10,363 25,876 20,575
Income before income taxes 240,755 265,118 1,301,658 304,538
Federal and State Income Taxes:        
Current 89,051 51,638 312,593 46,438
Deferred
Total income taxes 89,051 51,638 312,593 46,438
Net Income $ 151,704 $ 213,480 $ 989,065 $ 258,100
Per Common Stock, basic and diluted        
Net Income (in dollars per share) $ 0.08 $ 0.11 $ 0.51 $ 0.13
Dividends (in dollars per share) $ 0 $ 0 $ 0.12 $ 0.10
Weighted Average Common Shares Outstanding, basic and diluted (in shares) 1,942,495 1,942,495 1,942,495 1,942,495
Oil and Gas [Member]        
Revenues:        
Revenues from customers $ 161,678 $ 151,693 $ 286,255 $ 333,362
Costs, Expenses and (Gains):        
Cost of goods and services sold 13,287 20,083 29,943 33,049
Timber [Member]        
Revenues:        
Revenues from customers 176,559 8,966 355,008 8,966
Costs, Expenses and (Gains):        
Cost of goods and services sold 14,784 6,107 35,378 6,107
Surface Leases, Unrelated Parties [Member]        
Revenues:        
Revenues, leases 52,493 198,013 87,006 215,115
Surface Leases, Related Parties [Member]        
Revenues:        
Revenues, leases 3,303 38,333 12,459 38,333
Surface Leases [Member]        
Costs, Expenses and (Gains):        
Cost of goods and services sold $ 7,513 $ 15,237 $ 14,503 $ 24,848