v3.26.1
Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Total revenue $ 168,314 $ 135,936 $ 338,974 $ 484,119
Costs, expenses and (gains):        
General and administrative expense 142,218 150,795 384,487 361,476
Depreciation expense 438 817 876 1,687
Gain on sale of land 0 (189,210) 0 (189,210)
Total costs, expenses and (gains) 145,263 (23,733) 390,762 212,301
Income from operations 23,051 159,669 (51,788) 271,818
Interest income 130,232 74,481 264,609 168,078
Miscellaneous income 0 67 9,018 68
Income before income taxes 153,283 234,217 221,839 439,964
Current 31,048 (19,041) 44,360 11,325
Deferred 0 92,216 0 152,024
Total income taxes 31,048 73,175 44,360 163,349
Net income $ 122,235 $ 161,042 $ 177,479 $ 276,615
Net income per share:        
Basic (in dollars per share) $ 0.06 $ 0.08 $ 0.09 $ 0.14
Diluted (in dollars per share) $ 0.06 $ 0.08 $ 0.09 $ 0.14
Weighted-average shares used in per share calculation:        
Basic (in shares) 2,053,129 2,048,827 2,053,129 2,037,990
Diluted (in shares) 2,053,129 2,048,827 2,053,129 2,037,990
Oil and Gas [Member]        
Revenues:        
Revenue $ 37,553 $ 57,488 $ 46,845 $ 325,996
Costs, expenses and (gains):        
Oil and gas costs 2,556 12,893 5,269 33,603
Timber [Member]        
Revenues:        
Revenue 0 0 2,667 0
Costs, expenses and (gains):        
Oil and gas costs 0 972 79 4,745
Surface Leases, Unrelated Parties [Member]        
Revenues:        
Revenues, leases 130,761 78,448 289,462 158,123
Surface Leases [Member]        
Costs, expenses and (gains):        
Oil and gas costs $ 51 $ 0 $ 51 $ 0