v3.26.1
Note 4 - Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2026
Notes Tables  
Segment Reporting [Table Text Block]
   

Three Months Ended

March 31,

   

Year Ended

December 31,

 
   

2026

   

2025

 

Identifiable Assets, net of accumulated depreciation

               

Timber

  $ 528,520       528,599  

General corporate assets

    21,787,278       21,757,169  

Total

    22,315,798       22,285,768  
                 

Depreciation and depletion

               

Timber

  $ 79     $ 126  

General corporate assets

    438       3,109  

Total

  $ 517     $ 3,235  
   

Three Months Ended March 31, 2026

 
   

Oil and Gas

   

Timber

   

Surface

   

Consolidated

 

Revenues

    9,292       2,667       158,701       170,660  

Cost of Goods Sold

    2,713       79       -       2,792  

Gross Profit

    6,579       2,588       158,701       167,868  
   

Three Months Ended March 31, 2025

 
   

Oil and Gas

   

Timber

   

Surface

   

Consolidated

 

Revenues

    268,508       -       79,676       348,184  

Cost of Goods Sold

    20,710       3,774       -       24,484  

Gross Profit

    247,798       (3,774 )     79,676       323,700  

Reconciliation

 

Three Months

Ended March 31,

2026

   

Three Months

Ended March 31,

2025

 

Total Gross Profit

    167,868       323,700  

Less:

               

General & administrative expense

    242,269       210,680  

Depreciation Expense

    438       870  

Income (loss) from operations

    (74,839 )     112,150  
                 

Interest Income

    134,377       93,597  

Miscellaneous Income

    9,018       -  

Income before income taxes

    68,556       205,747