Note 11 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Notes Tables

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2018			2017
Deferred tax assets		-			-
Deferred tax liabilities		(187,664	)		(187,664	)
	$	(187,664	)	$	(187,664	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2018			2017
Income tax on income before extraordinary item:
Tax at statutory rates	$	307,830		$	199,270
Tax effect of the following:
Statutory depletion		(18,175	)		(29,994	)
Section 179 deduction		(1,149	)		-
State income tax		62,137			12,475
Other		-			(7,272	)
Income tax on income	$	350,643		$	174,479

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2018			2017
Casualty loss	$	(77,714	)	$	(77,714	)
Deferred gain		(109,950	)		(109,950	)
	$	(187,664	)	$	(187,664	)