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Note 4 - Land Purchases and Sales

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Real Estate Disclosure [Text Block]

Note 4:      Land Purchases and Sales

Land Purchases

During the year ended December 31, 2021, the Company purchased the following lands:

	+/-	Louisiana					Mineral
Quarter	Acres	Parish	Ownership		Land		Rights %
3rd	10.84	Jefferson Davis	16.67%		$ 4,063		0%

The Company did not purchase any land during the year ended December 31, 2020.

Land Sales

During the year ended December 31, 2021, the Company sold the following lands:

	+/-	Louisiana					Mineral
Quarter	Acres	Parish	Ownership		Land		Rights %
1st	3.38	Beauregard	100.00%		$ 31,018		0%
1st	10.00	Calcasieu	100.00%		$ 70,500		0%
1st	10.00	Calcasieu	100.00%		$ 68,500		0%
1st	5.40	Beauregard	100.00%		$ 51,520		0%
1st	10.00	Calcasieu	100.00%		$ 65,295		0%
1st	3.36	Beauregard	100.00%		$ 31,610		0%
1st	10.00	Calcasieu	100.00%		$ 68,620		0%
1st	20.98	Calcasieu	16.67%		$ 16,408		0%
1st	10.00	Calcasieu	100.00%		$ 68,090		0%
1st	10.00	Calcasieu	100.00%		$ 65,800		0%
2nd	10.00	Calcasieu	100.00%		$ 68,315		0%
2nd	6.62	Beauregard	100.00%		$ 63,415		0%
2nd	70.44	St. Landry	40.00%		$ 50,688		0%
2nd	32.52	Calcasieu	16.67%		$ 25,458		0%
3rd	51.89	Calcasieu	16.67%		$ 233,483		0%
3rd	3.38	Beauregard	100.00%		$ 31,730		0%
3rd	40.00	Calcasieu	50.00%		$ 19,200		0%
4th	138.57	Allen	40.00%		$ 62,992		0%
4th	25.34	Calcasieu	100.00%		$ 140,555		0%

During the year ended December 31, 2020, the Company sold the following lands:

	+/-	Louisiana					Mineral
Quarter	Acres	Parish	Ownership		Land		Rights %
1st	3.17	Calcasieu	100.00%		$ 35,500		0%
2nd	2.62	Calcasieu	16.67%		$ 128,140		0%
2nd	6.75	Beauregard	100.00%		$ 64,000		0%
2nd	5	Beauregard	100.00%		$ 35,000		0%
3rd	3.14	Calcasieu	100.00%		$ 34,195		0%
3rd	40	Calcasieu	16.67%		$ 13,333		0%
4th	2.88	Calcasieu	100.00%		$ 28,800		0%
4th	3.17	Calcasieu	100.00%		$ 35,190		0%

For the years ended December 31, 2021 and 2020, gains on sales of land were $1,025,735 and $354,577, respectively.

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- Definition

The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures.

+ References

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