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Note 8 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		2025				2024
Deferred tax assets		$	-			$	231,744
Deferred tax liabilities			109,954				-
		$	109,954			$	231,744

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		2025								2024
		Amount				Percentage				Amount				Percentage
Income tax on income before extraordinary item:
Tax at statutory rates		$	961,980				24.2	%		$	86,592				25.6	%
Tax effect of the following:
Federal statutory depletion			(9,799	)			(0.3	)%			(10,612	)			(3.1	)%
State statutory depletion			(5,276	)			(0.1	)%			(5,715	)			(1.7	)%
Stock-based compensation			74,635				1.9	%			79,109				23.4	%
Other			(54,744	)			(1.4	)%			(61,874	)			(18.3	)%
Income tax on income		$	966,796				24.3	%		$	87,500				25.9	%

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		2025				2024
Net operating loss carryover		$	-			$	59,807
Percentage depletion carryover			-				-
Stock-based compensation			-				359,601
Deferred gain			(36,635	)			(77,714	)
Casualty loss			(73,319	)			(109,950	)
Deferred tax assets (liabilities)		$	(109,954	)		$	231,744

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Topic 740
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-Name Accounting Standards Codification
-Section 50
-Paragraph 9
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

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