v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (375,454) $ (445,460)
Depreciation and amortization 2,303 170
Accumulated amortization of royalty interests 68,495 34,756
Gain (loss) on investment in securities at fair value 49,404 157,353
Gain (loss) on sale of investment in gold (49,886)
Gain (loss) on sale of investment in futures (116)
Decrease (increase) in operating assets    
Royalty income receivable (8,582) (77,000)
Prepaid expenses and other current assets (5,726) (5,862)
Increase (decrease) in operating liabilities    
Accounts payable 5,885 3,936
Accrued expenses 3,327 (7,603)
Accrued salary, retirement, and benefits - related party 22,838 1,563
Net cash provided by (used by) operating activities (287,512) (338,147)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of investment securities (300,532)
Purchase of gold position (295,328)
Proceeds from investment in securities sold 141,679 835,209
Proceeds from investment in gold sold 148,329
Proceeds from investment in futures sold 116
Acquired royalty interests in the Permian Basin (1,369,899)
Purchases of property and equipment (4,112)
Net cash provided by (used by) investing activities 286,012 (1,130,550)
Net change in cash (1,500) (1,468,697)
Beginning cash 49,193 2,182,121
Ending cash 47,693 713,424
SUPPLEMENTARY INFORMATION:    
Cash paid for income taxes 674 2,523
NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Conversion of preferred stock into common stock - par value 591
Conversion of preferred stock into common stock - additional paid in capital (591)
Total conversion of preferred stock into common stock: