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Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenue $ 370,380 $ 310,214 $ 536,142 $ 492,130
Costs, expenses and (gains):        
General and administrative expense 253,991 597,295 901,294 769,643
Depreciation expense 1,065 683 2,130 1,190
Gain on sale of land 0   (149,992) 0
Total costs, expenses and (gains) 268,278 615,543 776,849 799,497
Income (loss) from operations 102,102 (305,329) (240,707) (307,367)
Interest income 35,535 3,849 61,493 6,455
Miscellaneous income 0 259 0 3,282
Income (Loss) income before income taxes 137,637 (301,221) (179,214) (297,630)
Federal and state income tax expense (benefit):        
Current 0 (24,530) 0 (25,679)
Deferred 34,409 0 (44,803) 0
Total income taxes 34,409 (24,530) (44,803) (25,679)
Net income (loss) $ 103,228 $ (276,691) $ (134,411) $ (271,951)
Net income (loss) per share:        
Basic (in dollars per share) $ 0.05 $ (0.14) $ (0.07) $ (0.14)
Diluted (in dollars per share) $ 0.05 $ (0.14) $ (0.07) $ (0.14)
Weighted-average shares used in per share calculation:        
Basic (in shares) 1,974,427 1,945,555 1,974,427 1,945,555
Diluted (in shares) 2,285,223 1,945,555 1,974,427 1,945,555
Oil and Gas [Member]        
Revenues:        
Revenue $ 101,361 $ 141,714 $ 150,556 $ 224,142
Costs, expenses and (gains):        
Cost of goods and services sold 10,291 14,615 19,229 20,350
Timber [Member]        
Revenues:        
Revenue 10,782 88,637 12,683 110,379
Costs, expenses and (gains):        
Cost of goods and services sold 2,706 2,950 3,963 3,185
Surface Leases, Unrelated Parties [Member]        
Revenues:        
Revenues, leases 258,237 70,280 372,903 138,442
Surface Leases, Related Parties [Member]        
Revenues:        
Revenues, leases 0 9,583 0 19,167
Surface Leases [Member]        
Costs, expenses and (gains):        
Cost of goods and services sold $ 225 $ 0 $ 225 $ 5,129