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Note 4 - Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2022

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

		Three Months Ended March 31,				Year Ended December 31,
		2022				2021
Identifiable Assets, net of accumulated depreciation
Timber		$	2,219,352			$	2,214,985
General corporate assets			14,842,547				14,840,102
Total			17,061,899				17,055,087
Capital expenditures:
Timber		$	4,505			$	18,606
Surface			-				4,063
General corporate assets			-				-
Total segment costs and expenses		$	4,505			$	22,669
Depreciation and depletion
Oil and gas		$	-			$	-
Timber			138				563
General corporate assets			507				2,027
Total		$	645			$	2,590

		Three Months Ended March 31,
		2022				2021
Revenues:
Oil and gas		$	82,429			$	50,145
Timber sales			21,743				53,527
Surface revenue			77,746				51,204
Total segment revenues			181,918				154,876
Cost and expenses:
Oil and gas costs		$	5,736			$	8,221
Timber costs			234				958
Surface costs			5,129				-
Total segment costs and expenses			11,099				9,179
Net income from operations:
Oil and gas		$	76,693			$	41,924
Timber			21,509				52,569
Surface			72,617				51,204
Total segment net income from operations			170,819				145,697
Unallocated other income (expense) before income taxes			(167,226	)			307,296
Income before income taxes		$	3,593			$	452,993

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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- References

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