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Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Total revenue $ 232,639 $ 171,269 $ 716,759 $ 1,340,550
General and 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 (0) 275,399 140,582
Total costs, expenses and (gains) 119,286 188,199 331,587 1,147,958
Income (loss) from operations 113,353 (16,930) 385,172 192,592
Interest income 50,401 54,097 218,480 155,196
Miscellaneous income 0 38 66 13,785
Income before income taxes 163,754 37,205 603,718 361,573
Federal and state income tax expense (benefit):        
Current 27,548 (13,676) 38,873 (13,676)
Deferred (30,098) (3,235) 121,926 157,184
Total income taxes (2,550) (16,911) 160,799 143,508
Net income $ 166,304 $ 54,116 $ 442,919 $ 218,065
Basic (in dollars per share) $ 0.08 $ 0.03 $ 0.22 $ 0.11
Diluted (in dollars per share) $ 0.08 $ 0.03 $ 0.22 $ 0.11
Basic (in shares) 2,053,129 2,027,032 2,043,092 2,015,177
Diluted (in shares) 2,053,129 2,063,583 2,043,092 2,051,728
Oil and Gas [Member]        
Revenues:        
Revenue $ 47,135 $ 73,340 $ 373,131 $ 316,986
Cost of goods and services sold 5,657 12,958 39,260 36,189
Timber [Member]        
Revenues:        
Revenue 94,825 18,883 94,825 21,158
Cost of goods and services sold 4,833 6,885 9,579 15,706
Surface Leases, Unrelated Parties [Member]        
Revenues:        
Revenues, leases 90,679 79,046 248,803 1,002,406
Surface Leases [Member]        
Revenues:        
Cost of goods and services sold $ 7,390 $ 240 $ 7,390 $ 240