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Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues:    
Total revenue $ 811,271 $ 1,194,763
Costs, expenses and (gains):    
General and administrative expense 618,919 573,532
Depreciation expense 1,750 2,027
Gain on sale of land (80,876) (881,654)
Total costs, expenses and (gains) 619,665 (173,588)
Income from operations 191,606 1,368,351
Interest income 109,582 97,502
Income before income taxes 301,188 1,465,853
Federal and state income tax expense:    
Current 51,255 350,793
Deferred
Total income taxes 51,255 350,793
Net income 249,933 1,115,060
Dividends paid (233,099)
Net income available to common shareholders $ 249,933 $ 881,961
Per common stock, basic and diluted    
Net income (in dollars per share) $ 0.13 $ 0.57
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 $ 500,426 $ 576,976
Costs, expenses and (gains):    
Cost of goods and services sold 57,454 63,231
Timber [Member]    
Revenues:    
Revenues from customers 72,847 454,177
Costs, expenses and (gains):    
Cost of goods and services sold 21,144 45,640
Surface Leases, Unrelated Parties [Member]    
Revenues:    
Revenues, leases 199,665 125,277
Surface Leases, Related Parties [Member]    
Revenues:    
Revenues, leases 38,333 38,333
Surface Leases [Member]    
Costs, expenses and (gains):    
Cost of goods and services sold $ 1,274 $ 23,636