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Note 7 - Related Party Transactions
 6 Months Ended
Jun. 30, 2020
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
Note
7:
      Related Party Transactions
 
The Company and Stream Wetlands Services, LLC (“Stream Wetlands”) are parties to an option to lease agreement dated
April 17, 2017 (
the “OTL”). The OTL provides Stream Wetlands an option, exercisable through
February 28, 2021,
to lease certain lands from the Company, subject to the negotiation and execution of a mutually acceptable lease form. Stream Wetlands paid the Registrant
$38,333
upon execution of the OTL, and an additional
$38,333
during the
first
quarter of each year
through2020.
Mr. Stream, a director of the Company and who was appointed is President and Treasurer effective
July 15, 2020,
is also the president of Stream Wetlands.
 
The Company's immediate past President and current Secretary and director is a partner in Stockwell, Sievert, Viccellio, Clements, LLP (“Stockwell”). Beginning in
August 2018,
the Company began renting office space from Stockwell. The Company pays Stockwell
$750
per month as rent for office space and associated services,
$2,000
per month to reimburse the firm for an administrative assistant and reimburses Stockwell for miscellaneous office supplies and legal expenses. For the
six
months ended
June 30, 2020,
the Company recorded
$16,713
in total of such expense, of which
$4,500
was rent expense. These expenses will only be paid through
July 31, 2020
as Stockwell will
no
longer provide these services to the Company after
July 31, 2020.
 
Surface revenue-related party was
$9,583
and
$19,166
for the
three
and
six
months ended
June 30, 2020,
respectively.