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Note 4 - Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2023

Notes Tables

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

		Six Months Ended June 30,				Year Ended December 31,
		2023				2022
Identifiable Assets, net of accumulated depreciation
Timber		$	2,251,215			$	2,230,564
General corporate assets			15,781,686				15,457,026
Total			18,032,901				17,687,590
Capital expenditures:
Timber		$	20,735			$	16,461
Surface			-				564
General corporate assets			-				12,271
Total segment costs and expenses		$	20,735			$	29,296
Depreciation and depletion
Oil and gas		$	-			$	-
Timber			85				883
General corporate assets			2,130				5,039
Total		$	2,215			$	5,922

		Three Months Ended June 30,								Six Months Ended June 30,
		2023				2022				2023				2022
Revenues:
Oil and gas		$	101,361			$	141,714			$	150,556			$	224,142
Timber sales			10,782				88,637				12,683				110,379
Surface revenue			258,237				79,863				372,903				157,609
Total segment revenues			370,380				310,214				536,142				492,130
Cost and expenses:
Oil and gas costs			10,291				14,615			$	19,229			$	20,350
Timber costs			2,706				2,950				3,963				3,185
Surface costs			225				-				225				5,129
Total segment costs and expenses			13,222				17,565				23,417				28,664
Net income (loss) from operations:
Oil and gas			91,070				127,099			$	131,327			$	203,792
Timber			8,076				85,687				8,720				107,194
Surface			258,012				79,863				372,678				152,480
Total segment net income from operations			357,158				292,649				512,725				463,466
Unallocated other income (expense) before income taxes			(219,521	)			(593,870	)			(691,938	)			(761,096	)
Income (loss) before income taxes		$	137,637			$	(301,221	)		$	(179,213	)		$	(297,630	)

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
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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