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Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Total revenue $ 153,475 $ 346,695
Costs, expenses and (gains):    
General and administrative expense 120,035 132,561
Depreciation expense 507 233
Gain on sale of land (75,926) (878,320)
Total costs, expenses and (gains) 64,115 (701,286)
Income from operations 89,360 1,047,981
Interest income 26,524 12,922
Income before income taxes 115,884 1,060,903
Federal and state income tax expense:    
Current 10,163 223,542
Deferred
Total income taxes 10,163 223,542
Net income $ 105,721 $ 837,361
Per common stock, basic and diluted    
Net income (in dollars per share) $ 0.05 $ 0.43
Dividends (in dollars per share) $ 0.12
Weighted average shares outstanding, basic and diluted (in shares) 1,942,495 1,942,495
Oil and Gas [Member]    
Revenues:    
Revenues from customers $ 94,228 $ 124,577
Costs, expenses and (gains):    
Cost of goods and services sold 14,524 16,656
Timber [Member]    
Revenues:    
Revenues from customers 14,481 178,449
Costs, expenses and (gains):    
Cost of goods and services sold 4,397 20,594
Surface Leases, Unrelated Parties [Member]    
Revenues:    
Revenues, leases 35,183 34,513
Surface Leases, Related Parties [Member]    
Revenues:    
Revenues, leases 9,583 9,156
Surface Leases [Member]    
Costs, expenses and (gains):    
Cost of goods and services sold $ 578 $ 6,990