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Note 4 - Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2025

Notes Tables

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

		Nine Months Ended September 30,				Year Ended December 31,
		2025				2024
Identifiable Assets, net of accumulated depreciation
Timber		$	661,589				2,250,525
Surface			-				-
General corporate assets			18,497,868				16,596,712
Total			19,159,457				18,847,237
Depreciation and depletion
Oil and gas		$	-			$	-
Timber			126				91
General corporate assets			2,398				4,261
Total		$	2,524			$	4,352

		Three Months Ended September 30, 2025
		Oil and Gas				Timber				Surface				Consolidated
Revenues		$	47,135				94,825				90,679				232,639
Cost of goods sold			5,657				4,833				7,390				17,880
Gross profit			41,478				89,992				83,289				214,759

		Three Months Ended September 30, 2024
		Oil and Gas				Timber				Surface				Consolidated
Revenues		$	73,340				18,883				79,046				171,269
Cost of goods sold			12,958				6,885				240				20,083
Gross profit			60,382				11,998				78,806				151,186

		Nine Months Ended September 30, 2025
		Oil and Gas				Timber				Surface				Consolidated
Revenues		$	373,131				94,825				248,803				716,759
Cost of goods sold			39,260				9,579				7,390				56,229
Gross profit			333,871				85,246				241,413				660,530

		Nine Months Ended September 30, 2024
		Oil and Gas				Timber				Surface				Consolidated
Revenues		$	316,986				21,158				1,002,406				1,340,550
Cost of goods sold			36,189				15,706				240				52,135
Gross profit			280,797				5,452				1,002,166				1,288,415

		Three Months Ended September 30,								Nine Months Ended September 30,
Reconciliation		2025				2024				2025				2024
Total gross profit		$	214,759			$	151,186			$	660,530			$	1,288,415
Less:
General & administrative expense			186,883				167,051				548,359				1,233,209
Depreciation expense			711				1,065				2,398				3,196
Gain on sale of land			(86,188	)			-				(275,399	)			(140,582	)
Income (loss) from operations			113,353				(16,930	)			385,172				192,592
Miscellaneous income			-				38				66				13,785
Interest income			50,401				54,097				218,480				155,196
Income before income taxes			163,754				37,205				603,718				361,573

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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