v3.26.1
Note 3 - Property and Equipment
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Property, Plant, and Equipment [Text Block]

Note 3:

Property and Equipment

 

Property and equipment consisted of the following:

 

   

June 30,

   

December 31,

 
   

2026

   

2025

 
                 

Land

  $ 3,688,788     $ 3,688,788  

Timber

    528,520       528,599  

Equipment

    104,493       104,493  
      4,321,801       4,321,880  

Accumulated depreciation

    (91,026 )     (99,167 )

Total

  $ 4,230,775     $ 4,222,713  

 

During the six months ended June 30, 2026 and 2025, the company had a gain on sale of land of $0 and $189,210, respectively.

 

Depreciation expense was $876 and $1,687 for the six months ended June 30, 2026 and 2025, respectively. 

 

Depletion expense was $79 and $0 for the six months ended June 30, 2026 and 2025, respectively.