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Note 3 - Property and Equipment
3 Months Ended
Mar. 31, 2025
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,

 
   

2025

   

2024

 
                 

Land

  $ 6,760,765     $ 6,760,765  

Timber

    2,250,525       2,250,525  

Equipment

    120,873       120,873  
      9,132,163       9,132,163  

Accumulated depreciation

    (96,928 )     (96,058 )

Total

  $ 9,035,235     $ 9,036,105  

 

Depreciation expense was $870 and $1,066 for the three months ended March 31, 2025 and 2024, respectively.

 

Depletion expense was $0 and $20 and for the three months ended March 31, 2025 and 2024, respectively.