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Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Revenue by Customer $ 257,696 $ 197,323 $ 998,423 $ 793,099
Costs, expenses and (gains):        
General and administrative expense 136,366 116,234 402,674 366,467
Depreciation expense 1,050 234 1,517 701
Gain on sale of land (28,561) (881,654) (31,452)
Total costs, expenses and (gains) 181,780 116,780 (353,274) 428,593
Income from operations 75,916 80,543 1,351,697 364,506
Other income - interest income 26,301 11,465 52,176 32,040
Income before income taxes 102,217 92,008 1,403,873 396,546
Federal and state income tax expense:        
Current 16,817 29,617 329,409 76,055
Deferred income tax expense 11,093 11,093
Total income taxes 16,817 40,710 329,409 87,148
Net income $ 85,400 $ 51,298 $ 1,074,464 $ 309,398
Per common stock, basic and diluted        
Net income (in dollars per share) $ 0.04 $ 0.03 $ 0.55 $ 0.16
Dividends (in dollars per share) $ 0 $ 0 $ 0.12 $ 0.10
Weighted average shares outstanding, basic and diluted (in shares) 1,942,495 1,942,495 1,942,495 1,942,495
Oil and Gas [Member]        
Revenues:        
Revenues from customers $ 178,640 $ 132,348 $ 464,895 $ 465,710
Costs, expenses and (gains):        
Cost of goods and services sold 18,435 13,668 48,378 46,717
Timber [Member]        
Revenues:        
Revenues from customers 56,929 411,936 8,966
Costs, expenses and (gains):        
Cost of goods and services sold 15,212 2,776 50,591 8,883
Surface Leases, Unrelated Parties [Member]        
Revenues:        
Revenues, leases 22,127 64,975 109,133 318,423
Surface Leases, Related Parties [Member]        
Revenues:        
Revenues, leases 12,459
Surface Leases [Member]        
Costs, expenses and (gains):        
Cost of goods and services sold $ 10,717 $ 12,429 $ 25,220 $ 37,277