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Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 789,664 $ 320,226
Depreciation expense 1,517 1,793
Depletion expense 534 683
Gain on sale of land (851,582) (295,238)
Unrealized loss on equity investment in mutual funds   1,503
Changes in operating assets and liabilities:    
(Increase) decrease in current assets 14,204 8,455
Increase (decrease) in current liabilities (18,230) 139,117
Net cash provided by (used in) operating activities (63,893) 176,539
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of certificates of deposit   (1,985,767)
Proceeds from maturity of certificates of deposit   3,489,163
Purchases of mutual funds (199) (3,708)
Costs of reforesting timber (17,650)  
Purchases of land (4,063)  
Proceeds from the sale of fixed assets 1,010,482 299,441
Net cash provided by investing activities 988,570 1,799,129
NET INCREASE IN CASH AND CASH EQUIVALENTS 924,677 1,975,668
Cash and cash equivalents, beginning of the period 6,463,255 3,280,289
Cash and cash equivalents, end of the period 7,387,932 5,255,957
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for income taxes 171,423 30,000
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING ACTIVITIES    
Sale of land accrued in accounts receivable $ 19,170 $ 0