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