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Note 3 - Property and Equipment
 3 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 3:

Property and Equipment

 

Property and equipment consisted of the following:

 

   

March 31,

    

December 31,

  
   

2024

    

2023

  
                 

Land

   $ 6,815,711     $ 6,815,711  

Timber

     2,250,596       2,250,616  

Equipment

     120,873       120,873  
      9,187,180       9,187,200  

Accumulated depreciation

     (92,863 )     (91,797 )

Total

   $ 9,094,317     $ 9,095,403  

 

During the three months ended March 31, 2024 and 2023, the Company had a gain on sale of land of $0 and $149,992, respectively.

 

Depreciation expense was $1,066 and $1,065 for the three months ended March 31, 2024 and 2023, respectively.

 

Depletion expense was $20 and $0 and for the three months ended March 31, 2024 and 2023, respectively.