Note 4 - Land Purchases

6 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Real Estate Disclosure [Text Block]

Note 4:       Land Purchases

During the first quarter of 2016, the Company purchased approximately 40 acres of land in Beauregard parish, Louisiana. The purchase price, inclusive of all related costs, was allocated $10,000 in timber and $59,638 to land on the Company’s balance sheet. No mineral rights were conveyed to the Company on the closing date.

During the second quarter of 2016, the Company purchased approximately 129 acres of land in Rapides parish, Louisiana. The purchase price, inclusive of all related costs, was allocated $34,200 in timber and $198,874 to land on the Company’s balance sheet. No mineral rights were conveyed to the Company on the closing date.