XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Costs, expenses and (gains):    
General and administrative expense $ 563,040 $ 647,303
Depreciation expense 1,066 1,065
Gain on sale of land 0  
Total costs, expenses and (gains) 578,455 508,571
Loss from operations (436,606) (342,809)
Interest income 50,218 25,958
Loss before income taxes (386,388) (316,851)
Federal and state income tax expense (benefit):    
Current 0 0
Deferred 14,941 (79,212)
Total income taxes 14,941 (79,212)
Net loss $ (401,329) $ (237,639)
Net income (loss) per share:    
Basic and diluted (in dollars per share) $ (0.2) $ (0.12)
us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract    
Basic and diluted (in shares) 1,991,337 1,974,427
Oil and Gas [Member]    
Revenues:    
Revenue $ 82,500 $ 49,195
Costs, expenses and (gains):    
Cost of goods and services sold 10,366 8,938
Timber [Member]    
Revenues:    
Revenue 2,275 1,901
Costs, expenses and (gains):    
Cost of goods and services sold 3,983 1,257
Surface Leases, Unrelated Parties [Member]    
Revenues:    
Revenues, leases 57,074 114,666
Surface Leases, Related Parties [Member]    
Revenues:    
Total revenue $ 141,849 $ 165,762