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Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 320,226 $ 186,962
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 1,793 1,517
Depletion expense 683 288
Gain on sale of land (295,238) (80,876)
Unrealized loss (gain) on equity investment in mutual funds 1,503 (246)
Changes in operating assets and liabilities:    
(Increase) decrease in current assets 8,455 (42,297)
Increase (decrease) in current liabilities 139,117 9,966
Net cash provided by operating activities 176,539 75,314
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of certificates of deposit (1,985,767) (1,468,000)
Proceeds from maturity of certificates of deposit 3,489,163 2,390,000
Purchases of mutual funds (3,708) (4,365)
Costs of reforesting timber (22,560)
Proceeds from the sale of fixed assets 299,441 109,235
Net cash provided by investing activities 1,799,129 1,004,310
NET INCREASE IN CASH AND CASH EQUIVALENTS 1,975,668 1,079,624
Cash and cash equivalents, beginning of the period 3,280,289 1,860,736
Cash and cash equivalents, end of the period 5,255,957 2,940,360
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest
Cash paid for income taxes $ 30,000 $ 67,107