XML 37 R24.htm IDEA: XBRL DOCUMENT
v3.24.1

Note 6 - Segment Reporting (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | Years Ended December 31, |
|  | 2023 |  |  | 2022 |
Identifiable Assets, net of accumulated depreciation |  |  |  |  |  |  |  |
Timber |  | $ | 2,250,616 |  |  | $ | 2,230,564 |
General corporate assets |  |  | 16,562,790 |  |  |  | 15,457,026 |
Total |  | $ | 18,813,406 |  |  | $ | 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 |  |  | 685 |  |  |  | 883 |
General corporate assets |  |  | 4,261 |  |  |  | 5,039 |
Total |  | $ | 4,946 |  |  | $ | 5,922 |
|  | Years Ended December 31, |
|  | 2023 |  |  | 2022 |
Revenues: |  |  |  |  |  |  |  |
Oil and gas |  | $ | 380,654 |  |  | $ | 596,755 |
Timber sales |  |  | 154,147 |  |  |  | 219,974 |
Surface revenue |  |  | 950,804 |  |  |  | 288,765 |
Total segment revenues |  |  | 1,485,605 |  |  |  | 1,105,494 |
Cost and expenses: |  |  |  |  |  |  |  |
Oil and gas costs |  | $ | 41,677 |  |  | $ | 50,312 |
Timber costs |  |  | 12,601 |  |  |  | 28,664 |
Surface costs |  |  | 4,926 |  |  |  | 7,273 |
Total segment costs and expenses |  |  | 59,204 |  |  |  | 86,249 |
Net income (loss) from operations: |  |  |  |  |  |  |  |
Oil and gas |  | $ | 338,977 |  |  | $ | 546,443 |
Timber |  |  | 141,546 |  |  |  | 191,310 |
Surface |  |  | 945,878 |  |  |  | 281,492 |
Total segment net income from operations |  |  | 1,426,401 |  |  |  | 1,019,245 |
Unallocated other expense before income taxes |  |  | (1,144,200 | ) |  |  | (2,824,676 | )
Income (loss) before income taxes |  | $ | 282,201 |  |  | $ | (1,805,431 | )

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 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration