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Note 10 - Related Party Transactions
 12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
Note
10:
    
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 through
2020.
Mr. Stream, a director of the Company and who was appointed its 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 paid 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 reimbursed Stockwell for miscellaneous office supplies and legal expenses. For the year ended
December 31, 2020,
the Company recorded
$22,407
in total of such expense, of which
$6,000
was rent expense. For the year ended
December 31, 2019,
the Company recorded
$33,914
in total of such expense, of which
$9,000
was rent expense. These expenses were paid through
August 31, 2020
and Stockwell ceased providing these services to the Company on
August 31, 2020.
 
Surface revenue-related party was
$38,333
for each of the years ended
December 31, 2020
and
2019.
All of this amount was attributable to the OTL with Stream Wetlands described above.