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Note 4 - Property and Equipment
9 Months Ended
Sep. 30, 2020
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]
Note
4:
      Property and Equipment
 
Property and equipment consisted of the following:
 
   
September 30,
   
December 31,
 
   
2020
   
2019
 
                 
Land
  $
7,018,850
    $
7,023,053
 
Timber
   
2,187,911
     
2,188,594
 
Building and equipment
   
108,602
     
108,602
 
     
9,315,363
     
9,320,249
 
Accumulated depreciation
   
(79,960
)    
(78,167
)
Total
  $
9,235,403
    $
9,242,082
 
 
During the
nine
months ended
September 30, 2020
and
2019,
the Company had a gain on sale of land of
$295,238
and
$80,876,
respectively.
 
Depreciation expense was
$1,793
and
$1,517
for the
nine
months ended
September 30, 2020
and
2019,
respectively.
 
Depletion expense was
$683
and
$288
for the
nine
months ended
September 30, 2020
and
2019,
respectively.