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Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 163,949 $ (134,411)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation expense 2,130 2,130
Depletion expense 21 85
Deferred income tax expense (benefit) 160,419 (44,803)
Gain on sale of land (140,582) (149,992)
Share-based compensation 211,010 630,829
Changes in operating assets and liabilities:    
Decrease (increase) in current assets (13,977) (48,546)
Decrease in current liabilities (29,061) (151,107)
Net cash provided by operating activities 353,909 104,185
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of certificates of deposit (1,500,000) 0
Maturity of certificates of deposit 1,534,485 1,004,603
Costs of reforesting timber 0 (20,735)
Proceeds from the sale of fixed assets 140,582 149,992
Net cash provided by investing activities 175,067 1,133,860
CASH FLOWS FROM FINANCING ACTIVITIES    
Repurchases of common stock (208,854) 0
Net cash used in financing activities (208,854) 0
NET CHANGE IN CASH AND CASH EQUIVALENTS 320,122 1,238,045
Cash and cash equivalents, beginning of the period 7,546,689 7,148,207
Cash and cash equivalents, end of the period 7,866,811 8,386,252
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 0 0
Cash paid for income taxes $ 0 $ 0