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Note 4 - Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2023

Notes Tables

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

		Nine Months Ended September 30,				Year Ended December 31,
		2023				2022
Identifiable Assets, net of accumulated depreciation
Timber		$	2,250,761			$	2,230,564
General corporate assets			15,925,372				15,457,026
Total			18,176,133				17,687,590
Capital expenditures:
Timber		$	20,737			$	16,461
Surface			-				564
General corporate assets			-				12,271
Total segment costs and expenses		$	20,737			$	29,296
Depreciation and depletion
Oil and gas		$	-			$	-
Timber			540				883
General corporate assets			3,196				5,039
Total		$	3,736			$	5,922

		Three Months Ended September 30,								Nine Months Ended September 30,
		2023				2022				2023				2022
Revenues:
Oil and gas		$	47,924			$	188,233			$	198,480			$	412,375
Timber sales			118,365				87,904				131,048				198,283
Surface revenue			92,742				54,095				465,645				211,704
Total segment revenues			259,031				330,232				795,173				822,362
Cost and expenses:
Oil and gas costs			7,043				17,844			$	26,271			$	38,194
Timber costs			842				3,516				4,805				6,701
Surface costs			-				-				225				5,129
Total segment costs and expenses			7,885				21,360				31,301				50,024
Net income (loss) from operations:
Oil and gas			40,881				170,389			$	172,209			$	374,181
Timber			117,523				84,388				126,243				191,582
Surface			92,742				54,095				465,420				206,575
Total segment net income from operations			251,146				308,872				763,872				772,338
Unallocated other income (expense) before income taxes			(203,504	)			(397,126	)			(895,444	)			(1,158,221	)
Income (loss) before income taxes		$	47,642			$	(88,254	)		$	(131,572	)		$	(385,883	)

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

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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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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