XML 18 R9.htm IDEA: XBRL DOCUMENT v3.21.1
Note 3 - Property and Equipment
 3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]
Note
3:
 
 
 
Property and Equipment
 
Property and equipment consisted of the following:
 
   
March 31,
    
December 31,
  
   
2021
    
2020
  
                 
Land
   $
6,887,407
     $
7,018,547
  
Timber
    
2,210,979
      
2,196,942
  
Equipment
    
108,602
      
108,602
  
     
9,206,988
      
9,324,091
  
Accumulated depreciation
    
(80,977
 )    
(80,470
 )
Total
   $
9,126,011
     $
9,243,621
  
 
 
During the
three
months ended
March 31, 2021
and
2020,
the Company had a gain on sale of land of
$406,220
and
$33,107,
respectively.
 
Depreciation expense was
$507
and
$234
for the
three
months ended
March 31, 2021
and
2020,
respectively.
 
Depletion expense was
$77
and
$134
for the
three
months ended
March 31, 2021
and
2020,
respectively.