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Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current Assets    
Cash $ 1,585,950 $ 1,618,583
Cash-restricted 993,160 33,821
Certificates of deposit 2,392,890 2,662,890
Accounts receivable 64,022 113,067
Prepaid expense and other assets 140,964 50,354
Total current assets 5,176,986 4,478,715
Non-current Assets    
Certificates of deposit 1,205,000 950,000
Property and equipment:    
Land 7,051,412 7,147,100
Property, plant, and equipment, net 9,223,442 9,295,022
Total assets 15,605,428 14,723,737
Current Liabilities    
Trade payables and accrued expenses 210,954 207,166
Dividends payable 233,099
Income tax payable 53,888 13,346
Total current liabilities 497,941 220,512
Non-current Liabilities    
Deferred income tax payable 187,664 187,664
Total liabilities 685,605 408,176
Stockholders’ Equity    
Common stock, no par value: 3,000,000 shares authorized; 1,942,495 and 1,942,495 shares issued, respectively 59,335 59,335
Retained earnings 14,860,488 14,256,226
Total stockholders’ equity 14,919,823 14,315,561
Total liabilities and stockholders’ equity 15,605,428 14,723,737
Timber Properties [Member]    
Property and equipment:    
Property, plant, and equipment, net 2,138,051 2,119,180
Building and Equipment [Member]    
Property and equipment:    
Property, plant, and equipment, net $ 33,979 $ 28,742