v3.25.2
Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Total revenue $ 135,936 $ 1,027,434 $ 484,119 $ 1,169,283
Costs, expenses and (gains):        
General and administrative expense 150,795 503,118 361,476 1,066,159
Depreciation expense 817 1,065 1,687 2,130
Gain on sale of land 189,210 140,582 189,210 140,582
Total costs, expenses and (gains) (23,733) 381,306 212,301 959,761
Income (loss) from operations 159,669 646,128 271,818 209,522
Interest income 74,481 50,881 168,078 101,099
Miscellaneous income 67 13,747 68 13,747
Income (loss) before income taxes 234,217 710,756 439,964 324,368
Federal and state income tax expense (benefit):        
Current (19,041) 0 11,325 0
Deferred 92,216 145,478 152,024 160,419
Total income taxes 73,175 145,478 163,349 160,419
Net income (loss) $ 161,042 $ 565,278 $ 276,615 $ 163,949
Basic (in dollars per share) $ 0.08 $ 0.28 $ 0.14 $ 0.08
Basic (in dollars per share) 0.08 0.28 0.14 0.08
Diluted (in dollars per share) $ 0.08 $ 0.27 $ 0.14 $ 0.08
Basic (in shares) 2,048,827 2,027,032 2,037,990 2,009,185
Diluted (in shares) 2,048,827 2,063,191 2,037,990 2,045,539
Oil and Gas [Member]        
Revenues:        
Revenue $ 57,488 $ 161,148 $ 325,996 $ 243,648
Costs, expenses and (gains):        
Cost of goods and services sold 12,893 12,867 33,603 23,233
Timber [Member]        
Revenues:        
Revenue 0 0 0 2,275
Costs, expenses and (gains):        
Cost of goods and services sold 972 4,838 4,745 8,821
Surface Leases, Unrelated Parties [Member]        
Revenues:        
Revenues, leases 78,448 866,286 158,123 923,360
Surface Leases [Member]        
Costs, expenses and (gains):        
Cost of goods and services sold $ 0 $ 0 $ 0 $ 0