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Note 8 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
   

2024

   

2023

 

Deferred tax assets

  $ 231,744     $ 329,121  

Deferred tax liabilities

    -       -  
    $ 231,744     $ 329,121  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
   

2024

   

2023

 

Income tax on income before extraordinary item:

               

Tax at statutory rates

  $ 86,592     $ 72,357  

Tax effect of the following:

               

Federal statutory depletion

    (10,612 )     (9,516 )

State statutory depletion

    (5,715 )     (5,124 )

Stock-based compensation

    79,109       79,109  

Other

    (61,874 )     2,414  

Income tax on income

  $ 87,500     $ 139,240  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
   

2024

   

2023

 

Net operating loss carryover

  $ 59,807     $ -  

Percentage depletion carryover

    -       -  

Stock-based compensation

    359,601       516,785  

Casualty loss

    (77,714 )     (77,714 )

Deferred gain

    (109,950 )     (109,950 )
    $ 231,744     $ 329,121