Note 6 - Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

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

	Years Ended December 31,
	2024		2023
Identifiable Assets, net of accumulated depreciation
Oil & Gas	$	-	$	-
Surface		-		-
Timber		2,250,525		2,250,616
General corporate assets		16,596,712		16,562,790
Total	$	18,847,237	$	18,813,406
Capital expenditures:
Oil & Gas	$	-	$	-
Timber		-		20,737
Surface		-		-
General corporate assets		-		-
Total segment costs and expenses	$	-	$	20,737
Depreciation and depletion
Oil and gas	$	-	$	-
Timber		91		685
Surface		-		-
General corporate assets		4,261		4,261
Total	$	4,352	$	4,946

	December 31, 2024
	Oil and Gas		Timber		Surface		Consolidated
Revenues	$	417,846	$	22,225	$	1,081,053	$	1,521,124
Cost of Goods Sold		46,436		18,385		533		65,354
Gross Profit		371,410		3,840		1,080,520		1,455,770

	December 31, 2023
	Oil and Gas		Timber		Surface		Consolidated
Revenues	$	380,654	$	154,147	$	950,804	$	1,485,605
Cost of Goods Sold		41,677		12,601		4,926		59,204
Gross Profit		338,977		141,546		945,878		1,426,401

Reconciliation	2024			2023
Total Gross Profit		1,455,770			1,426,401
Less:
General & Administrative Expense		1,420,153			1,450,308
Depreciation Expense		4,261			4,261
Gain on Sale of Land		(85,636	)		(149,992	)
Income from Operations		116,992			121,824
Interest Income		206,949			160,303
Miscellaneous Income		13,783			74
Income before income taxes		337,724			282,201