Note 4 - Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2022

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Six Months Ended June 30,		Year Ended December 31,
	2022		2021
Identifiable Assets, net of accumulated depreciation
Timber	$	2,231,273	$	2,214,985
General corporate assets		14,755,470		14,840,102
Total		16,986,743		17,055,087
Capital expenditures:
Timber	$	16,462	$	18,606
Surface		565		4,063
General corporate assets		12,270		-
Total segment costs and expenses	$	29,297	$	22,669
Depreciation and depletion
Oil and gas	$	-	$	-
Timber		174		563
General corporate assets		1,190		2,027
Total	$	1,364	$	2,590

	Three Months Ended June 30,					Six Months Ended June 30,
	2022			2021		2022			2021
Revenues:
Oil and gas	$	141,714		$	99,202	$	224,142		$	149,347
Timber sales		88,637			49,414		110,379			102,941
Surface revenue		79,863			62,690		157,609			113,894
Total segment revenues		310,214			211,306		492,130			366,182
Cost and expenses:
Oil and gas costs		14,615			9,445	$	20,350		$	17,666
Timber costs		2,950			4,255		3,185			5,213
Surface costs		-					5,129			-
Total segment costs and expenses		17,565			13,700		28,664			22,879
Net income from operations:
Oil and gas		127,099			89,757	$	203,792		$	131,681
Timber		85,687			45,159		107,194			97,728
Surface		79,863			62,690		152,480			113,894
Total segment net income from operations		292,649			197,606		463,466			343,303
Unallocated other income (expense) before income taxes		(593,870	)		40,013		(761,096	)		347,309
Income (loss) before income taxes	$	(301,221	)	$	237,619	$	(297,630	)	$	690,612