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Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues:    
Total revenue $ 1,105,494 $ 744,545
Costs, expenses and (gains):    
General and administrative expense 2,875,718 651,574
Depreciation expense 5,039 2,027
Gain on sale of land (18,972)  
Total costs, expenses and (gains) 2,948,034 (318,765)
(Loss) income from operations (1,842,540) 1,063,310
Interest income 35,340 15,625
Miscellaneous income 1,769 4,384
(Loss) income before income taxes (1,805,431) 1,083,319
Federal and state income tax expense (benefit):    
Current 0 263,970
Deferred (487,713) 0
Total income taxes (487,713) 263,970
Net (loss) income $ (1,317,718) $ 819,349
Net income (loss) per share:    
Basic and diluted (in dollars per share) $ (0.67) $ 0.42
Weighted-average shares used in per share calculation:    
Basic and diluted (in shares) 1,958,865 1,942,495
Oil and Gas [Member]    
Revenues:    
Oil and gas $ 596,755 $ 364,907
Costs, expenses and (gains):    
Oil and gas costs 50,312 41,685
Timber [Member]    
Revenues:    
Oil and gas 219,974 151,102
Costs, expenses and (gains):    
Oil and gas costs 28,664 11,684
Surface Leases, Unrelated Parties [Member]    
Revenues:    
Surface revenue 250,432 190,203
Surface Leases, Related Parties [Member]    
Revenues:    
Surface revenue 38,333 38,333
Surface Leases [Member]    
Costs, expenses and (gains):    
Oil and gas costs $ 7,273 $ 0