XML 14 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 4,740 $ 426,807
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation expense 507 507
Depletion expense 138 77
Gain on sale of land 0 (406,220)
Unrealized loss on equity investment in mutual funds 504 0
Changes in operating assets and liabilities:    
(Increase) decrease in current assets (56,088) (125,141)
Increase (decrease) in current liabilities 2,072 (47,005)
Net cash used in operating activities (48,127) (150,975)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of mutual funds (37) (124)
Costs of reforesting timber (4,505) (14,114)
Proceeds from the sale of fixed assets 0 537,360
Net cash (used on) provided by investing activities (4,542) 523,122
NET CHANGE IN CASH AND CASH EQUIVALENTS (52,669) 372,147
Cash and cash equivalents, beginning of the period 7,409,873 6,463,255
Cash and cash equivalents, end of the period 7,357,204 6,835,402
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 0 0
Cash paid for income taxes $ 0 $ 0