Note 3 - Property and Equipment

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note 3:      Property and Equipment

Property and equipment consisted of the following:

	June 30,			December 31,
	2022			2021
Land	$	6,815,711		$	6,815,147
Timber		2,231,273			2,214,985
Equipment		120,873			108,602
		9,167,857			9,138,734
Accumulated depreciation		(83,686	)		(82,496	)
Total	$	9,084,171		$	9,056,238

During the six months ended June 30, 2022 and 2021, the Company had a gain on sale of land of $0 and $590,265, respectively.

Depreciation expense was $1,190 and $1,010 for the six months ended June 30, 2022 and 2021.

Depletion expense was $174 and $430 for the six months ended June 30, 2022 and 2021, respectively.