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Note 4 - Land Purchases and Sales

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Real Estate Disclosure [Text Block]

Note 4:      Land Purchases and Sales

Land Purchases

No land purchases were made during the year ended December 31, 2023. 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

%

Land Sales

During the year ended December 31, 2023, the Company sold the following lands:

+/-

Louisiana

Mineral

Quarter

Acres

Parish

Ownership

Land

Rights %

1st

80.00

Jefferson Davis

16.67

%

$

149,992

0

%

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	%

For the years ended December 31, 2023 and 2022, gains on sales of land were $149,992 and $18,972, respectively.

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- References

No definition available.

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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

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-Topic 976
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//976/tableOfContent

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-Topic 978
-Name Accounting Standards Codification
-Publisher FASB
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 970
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//970/tableOfContent

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 972
-Name Accounting Standards Codification
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-URI https://asc.fasb.org//972/tableOfContent

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//974/tableOfContent

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