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Note 4 - Land Purchases and Sales

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Real Estate Disclosure [Text Block]

Note 4: Land Purchases and Sales

Land Purchases

No land purchases were made during the years ended December 31, 2025 and 2024. 

Land Sales 

During the year ended December 31, 2025, the Company sold the following lands:

		+/-			Louisiana										Mineral
Quarter		Acres			Parish		Ownership				Land				Rights %
2nd			25.00		Calcasieu			100	%		$	141,008				0	%
2nd			53.00		Calcasieu			100	%			217,115				0	%
3rd			25.00		Calcasieu			100	%			141,105				0	%
4th			6,548.00		Various			100	%			8,618,022				0	%

During the year ended December 31, 2024, the Company sold the following lands:

+/-

Louisiana

Mineral

Quarter

Acres

Parish

Ownership

Land

Rights %

2nd

25.00

Calcasieu

100

%

$

140,582

0

%

For the years ended December 31, 2025 and 2024, gains on sales of land were $3,557,868 and $85,636, respectively.

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- Definition

The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures.

+ References

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