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Concentrations
3 Months Ended
Mar. 31, 2024
Risks and Uncertainties [Abstract]  
Concentrations

(9) Concentrations.

 

The mining royalty lands segment has a total of five tenants currently leasing mining locations and one lessee that accounted for 21.9% of the Company’s consolidated revenues during the three months ended March 31, 2024, and

$403,000 of accounts receivable at March 31, 2024. The termination of these lessees’ underlying leases could have a material adverse effect on the Company. The Company places its cash and cash equivalents with Wells Fargo Bank, TD Bank, and First Horizon Bank. At times, such amounts may exceed FDIC limits.