Note 9 - Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2018

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Year Ended
	December 31,
	2018		2017
Revenues:
Oil and gas	$	581,463	$	609,122
Timber sales		454,177		224,111
Surface revenue		159,123		311,352
Total segment revenues		1,194,763		1,144,585
Cost and expenses:
Oil and gas costs		63,231		62,315
Timber costs		45,640		35,692
Surface costs		23,636		43,929
Total segment costs and expenses		132,507		141,936
Income from operations:
Oil and gas		518,232		546,807
Timber		408,537		188,419
Surface		135,487		267,423
Total segment income from operations		1,062,256		1,002,649
Other income (expense) before income taxes		403,597		(416,562	)
Income before income taxes	$	1,465,853	$	586,087

	Year Ended
	December 31,
	2018		2017
Identifiable Assets, net of accumulated depreciation
Timber	$	2,162,390	$	2,119,180
General corporate assets		13,439,611		12,604,557
Total		15,602,001		14,723,737
Capital expenditures:
Timber		45,067		62,473
Surface		4,900		-
General corporate assets		5,471		92,157
Total segment costs and expenses		55,438		154,630
Depreciation and depletion
Oil and gas		1,858		-
Timber		-		15,661
General corporate assets		2,027		1,191
Total	$	3,885	$	16,852