Note 4 - Property and Equipment

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note

4:

      Property and Equipment

Property and equipment consisted of the following:

	March 31,			December 31,
	2020			2019
Land	$	7,022,895		$	7,023,053
Timber		2,188,460			2,188,594
Building and equipment		108,602			108,602
		9,319,957			9,320,249
Accumulated depreciation		(78,401	)		(78,167	)
Total	$	9,241,556		$	9,242,082

During the

three

months ended

March 31, 2020

and

2019,

the Company had a gain on sale of land of

$33,107

and

$75,926,

respectively.

Depreciation expense was

$234

and

$507

for the

three

months ended

March 31, 2020

and

2019,

respectively.

Depletion expense was

$134

and

$109

for the

three

months ended

March 31, 2020

and

2019,

respectively.