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Note 4 - Land Purchases and Sales

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Real Estate Disclosure [Text Block]

Note 4:      Land Purchases and Sales

Land Purchases

During the year ended December 31, 2022, the Company purchased the following lands:

+/-

Louisiana

Mineral

Quarter

Acres

Parish

Ownership

Land

Rights %

2nd

1.81

Jefferson Davis

16.67

%

$

564

0

%

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

%

Land Sales

During the year ended December 31, 2022, the Company sold the following lands:

		+/-			Louisiana										Mineral
Quarter		Acres			Parish		Ownership				Land				Rights %
3rd			6.67		Calcasieu			16.67	%		$	5,667				0	%
4th			6.67		Allen			16.67	%		$	13,305				0	%

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

Land Sales - 2021
		+/-			Louisiana														Mineral
Quarter		Acres			Parish		Ownership				Land				Timber				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	%

For the years ended December 31, 2022 and 2021, gains on sales of land were $18,972 and $1,025,735, 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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 970
-URI https://asc.fasb.org/topic&trid=2156125

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 978
-URI https://asc.fasb.org/topic&trid=2134977

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 976
-URI https://asc.fasb.org/topic&trid=2134846

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 974
-URI https://asc.fasb.org/topic&trid=2156429

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 972
-URI https://asc.fasb.org/topic&trid=2134617

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