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Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (401,329) $ (237,639)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation expense 1,066 1,065
Depletion expense 20 0
Deferred income tax expense (benefit) 14,941 (79,212)
Gain on sale of land 0 (149,992)
Share-based compensation 105,505 526,470
Changes in operating assets and liabilities:    
Decrease (increase) in current assets 68,913 (63,544)
Decrease in current liabilities (126,954) (87,539)
Net cash used in operating activities (337,838) (90,391)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of certificates of deposit (1,500,000) 0
Maturity of certificates of deposit 1,534,485 0
Costs of reforesting timber 0 (17,358)
Proceeds from the sale of fixed assets 0 149,992
Net cash provided by investing activities 34,485 132,634
NET CHANGE IN CASH AND CASH EQUIVALENTS (303,353) 42,243
Cash and cash equivalents, beginning of the period 7,546,689 7,148,207
Cash and cash equivalents, end of the period 7,243,336 7,190,450
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 0 0
Cash paid for income taxes $ 0 $ 0