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Note 4 - Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2024

Notes Tables

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

		Three Months Ended March 31,				Year Ended December 31,
		2024				2023
Identifiable Assets, net of accumulated depreciation
Timber		$	2,250,596			$	2,250,616
General corporate assets			16,140,032				16,562,790
Total			18,390,628				18,813,406
Capital expenditures:
Timber		$	-			$	20,737
Surface			-				-
General corporate assets			-				-
Total segment costs and expenses		$	-			$	20,737
Depreciation and depletion
Oil and gas		$	-			$	-
Timber			20				685
General corporate assets			1,066				4,261
Total		$	1,086			$	4,946

		Three Months Ended March 31,
		2024				2023
Revenues:
Oil and gas		$	82,500			$	49,195
Timber sales			2,275				1,901
Surface revenue			57,074				114,666
Total segment revenues			141,849				165,762
Cost and expenses:
Oil and gas costs		$	10,366			$	8,938
Timber costs			3,983				1,257
Surface costs			-				-
Total segment costs and expenses			14,349				10,195
Net income (loss) from operations:
Oil and gas		$	72,134			$	40,257
Timber			(1,708	)			644
Surface			57,074				114,666
Total segment net income from operations			127,500				155,567
Unallocated other expense before income taxes			(513,889	)			(472,418	)
Loss before income taxes		$	(386,389	)		$	(316,851	)

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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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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X

- References

No definition available.

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