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Note 5 - Property and Equipment
 6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]
Note
5:
      Property and Equipment
 
Property and equipment consisted of the following:
 
   
June 30,
    
December 31,
  
   
2019
    
2018
  
                 
Land
   $
7,023,053
     $
7,051,412
  
Timber
    
2,180,251
      
2,162,390
  
Building and equipment
    
108,602
      
108,602
  
     
9,311,906
      
9,322,404
  
Accumulated depreciation
    
(77,427
 )    
(76,416
 )
Total
   $
9,234,479
     $
9,245,988
  
 
 
During the
six
months ended
June 30, 2019
and
2018,
the Company had a gain on sale of land of
$80,876
and
$881,654,
respectively. For the
six
months ended
June 30, 2018,
$767,147
of the gain represented gain on the sale of an undivided
1/6
th
ownership interest in land.
 
Depreciation expense was
$1,011
and
$467
for the
six
months ended
June 30, 2019
and
2018,
respectively.
 
Depletion expense was
$109
and
$14,713
for the
six
months ended
June 30, 2019
and
2018,
respectively.