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Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 58,382 $ 105,721
Less non-cash expenses included in net income:    
Depreciation expense 234 507
Depletion expense 134 109
Gain on sale of land (33,107) (75,926)
Unrealized gain on equity investment in mutual funds 3,010 (245)
Changes in operating assets and liabilities:    
Increase (decrease) in current assets (83,854) (47,609)
Increase (decrease) in current liabilities 76,944 (22,567)
Net cash provided by (used in) operating activities 21,743 (40,010)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of certificates of deposit (1,210,163) (489,000)
Proceeds from maturity of certificates of deposit 744,000 710,000
Purchases of mutual funds (1,978) (1,458)
Costs of reforesting timber (17,970)
Proceeds from the sale of fixed assets 33,265 104,235
Net cash provided by (used in) investing activities (434,876) 305,807
NET INCREASE IN CASH AND RESTRICTED CASH (413,133) 265,797
Cash and restricted cash, beginning of the period 3,280,289 1,860,736
Cash and restricted cash, end of the period 2,867,156 2,126,533
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest
Cash paid for income taxes $ 60,500