Note 4 - Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2023

Notes Tables

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

	Three Months Ended March 31,		Year Ended December 31,
	2023		2022
Identifiable Assets, net of accumulated depreciation
Timber	$	2,247,922	$	2,230,564
General corporate assets		15,640,960		15,457,026
Total		17,888,882		17,687,590
Capital expenditures:
Timber	$	17,358	$	16,461
Surface		-		564
General corporate assets		-		12,271
Total segment costs and expenses	$	17,358	$	29,296
Depreciation and depletion
Oil and gas	$	-	$	-
Timber		-		883
General corporate assets		1,065		5,039
Total	$	1,065	$	5,922

	Three Months Ended March 31,
	2023			2022
Revenues:
Oil and gas	$	49,195		$	82,429
Timber sales		1,901			21,743
Surface revenue		114,666			77,746
Total segment revenues		165,762			181,918
Cost and expenses:
Oil and gas costs	$	8,938		$	5,736
Timber costs		1,257			234
Surface costs		-			5,129
Total segment costs and expenses		10,195			11,099
Net income (loss) from operations:
Oil and gas	$	40,257		$	76,693
Timber		644			21,509
Surface		114,666			72,617
Total segment net income from operations		155,567			170,819
Unallocated other expense before income taxes		(472,418	)		(167,226	)
Income (loss) before income taxes	$	(316,851	)	$	3,593