CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues:
Lease revenue	$ 6,832	$ 6,282
Mining lands lease revenue	3,282	2,425
Total revenues	10,114	8,707
Cost of operations:
Depreciation, depletion and amortization	2,780	2,898
Operating expenses	1,740	1,808
Property taxes	947	1,028
Management company indirect	839	774
Corporate expenses (Note 4 Related party)	954	835
Total cost of operations	7,260	7,343
Total operating profit	2,854	1,364
Net investment income	2,382	898
Interest expense	(1,006)	(738)
Equity in loss of joint ventures	(3,625)	(1,604)
Gain on sale of real estate	10	733
Income before income taxes	615	653
Provision for income taxes	209	249
Net income	406	404
Loss attributable to noncontrolling interest	(159)	(268)
Net income attributable to the Company	$ 565	$ 672
Earnings per common share:
Basic	$ 0.06	$ 0.07
Diluted	$ 0.06	$ 0.07
Number of shares (in thousands) used in computing:
-basic earnings per common share	9,416	9,366
-diluted earnings per common share	9,456	9,417