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Note 4 - Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2022

Notes Tables

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

		Nine Months Ended September 30,				Year Ended December 31,
		2022				2021
Identifiable Assets, net of accumulated depreciation
Timber		$	2,230,710			$	2,214,985
General corporate assets			14,974,609				14,840,102
Total			17,205,319				17,055,087
Capital expenditures:
Timber		$	16,462			$	18,606
Surface			564				4,063
General corporate assets			12,271				-
Total segment costs and expenses		$	29,297			$	22,669
Depreciation and depletion
Oil and gas		$	-			$	-
Timber			737				563
General corporate assets			1,901				2,027
Total		$	2,638			$	2,590

		Three Months Ended September 30,								Nine Months Ended September 30,
		2022				2021				2022				2021
Revenues:
Oil and gas		$	188,233			$	108,208			$	412,375			$	257,555
Timber sales			87,904				11,936				198,283				114,877
Surface revenue			54,095				53,402				211,704				167,297
Total segment revenues			330,232				173,546				822,362				539,729
Cost and expenses:
Oil and gas costs			17,844				12,264			$	38,194			$	29,930
Timber costs			3,516				3,255				6,701				8,468
Surface costs			-								5,129				-
Total segment costs and expenses			21,360				15,519				50,024				38,398
Net income from operations:
Oil and gas			170,389				95,944			$	374,181			$	227,625
Timber			84,388				8,681				191,582				106,409
Surface			54,095				53,402				206,575				167,297
Total segment net income from operations			308,872				158,027				772,338				501,331
Unallocated other income (expense) before income taxes			(397,126	)			123,295				(1,158,221	)			470,602
Income (loss) before income taxes		$	(88,254	)		$	281,322			$	(385,883	)		$	971,933

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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