XML 20 R9.htm IDEA: XBRL DOCUMENT v3.25.3
Note 3 - Property and Equipment
9 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 3:

Property and Equipment

 

Property and equipment consisted of the following:

 

   

September 30,

   

December 31,

 
   

2025

   

2024

 
                 

Land

  $ 3,621,391     $ 6,760,765  

Timber

    661,589       2,250,525  

Equipment

    120,874       120,873  
      4,403,854       9,132,163  

Accumulated depreciation

    (98,456 )     (96,058 )

Total

  $ 4,305,398     $ 9,036,105  

 

During the nine months ended September 30, 2025 and 2024, the Company had a gain on sale of land of $275,399 and $140,582, respectively.

 

Depreciation expense was $2,398 and $3,196 for the nine months ended September 30, 2025 and 2024, respectively.

 

Depletion expense was $126 and $65 and for the nine months ended September 30, 2025 and 2024, respectively.