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Note 4 - Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2025

Notes Tables

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

		June 30,				December 31,
		2025				2024
Identifiable Assets, net of accumulated depreciation
Timber			2,250,525				2,250,525
General corporate assets			16,636,236				16,596,712
Total			18,886,761				18,847,237
Depreciation and depletion
Oil and gas		$	-			$	-
Timber			-				91
Surface			-				-
General corporate assets			1,687				4,261
Total		$	1,687			$	4,352

		Three Months Ended June 30, 2025
		Oil and Gas				Timber				Surface				Consolidated
Revenues			57,488				-				78,448				135,936
Cost of Goods Sold			12,893				972				-				13,865
Gross Profit			44,595				(972	)			78,448				122,071

		Three Months Ended June 30, 2024
		Oil and Gas				Timber				Surface				Consolidated
Revenues			161,148				-				866,286				1,027,434
Cost of Goods Sold			12,867				4,838				-				17,705
Gross Profit			148,281				(4,838	)			866,286				1,009,729

		Six Months Ended June 30, 2025
		Oil and Gas				Timber				Surface				Consolidated
Revenues			325,996				-				158,123				484,119
Cost of Goods Sold			33,603				4,745				-				38,348
Gross Profit			292,393				(4,745	)			158,123				445,771

		Six Months Ended June 30, 2024
		Oil and Gas				Timber				Surface				Consolidated
Revenues			243,648				2,275				923,360				1,169,283
Cost of Goods Sold			23,233				8,821				-				32,054
Gross Profit			220,415				(6,546	)			923,360				1,137,229

Reconciliation		Three Months Ended June 30, 2025				Three Months Ended June 30, 2024				Six Months Ended June 30, 2025				Six Months Ended June 30, 2024
Total Gross Profit			122,071				1,009,729				445,771				1,137,229
Less:
General & administrative expense			150,795				503,118				361,476				1,066,159
Depreciation Expense			817				1,065				1,687				2,130
Gain on Sale of Land			(189,210	)			(140,582	)			(189,210	)			(140,582	)
Income from operations			159,669				646,128				271,818				209,522
Less:
Miscellaneous Income			67				13,747				68				13,747
Interest Income			74,481				50,881				168,078				101,099
Income before income taxes			234,217				710,756				439,964				324,368

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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