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CONOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Lease revenue $ 28,252 $ 28,922 $ 28,979
Mining royalty and rents 14,380 12,852 12,527
Joint venture management fee revenue 214 0 0
Total revenues 42,846 41,774 41,506
Cost of operations:      
Depreciation, depletion and amortization 10,959 10,187 10,821
Operating expenses 10,297 7,170 7,364
Property taxes 3,907 3,437 3,650
General and administrative 10,655 9,276 7,971
Total cost of operations 35,818 30,070 29,806
Total operating profit 7,028 11,704 11,700
Net investment income 8,824 11,112 10,897
Interest expense (2,967) (3,150) (4,315)
Equity in loss of joint ventures (9,105) (11,359) (11,937)
Gain on sale of real estate and other income 0 182 53
Income before income taxes 3,780 8,489 6,398
Provision for income taxes 818 2,029 1,516
Net income 2,962 6,460 4,882
(Loss) gain attributable to noncontrolling interest (368) 75 (420)
Net income attributable to the Company $ 3,330 $ 6,385 $ 5,302
Earnings per common share:      
Net income attributable to the Company- Basic (usd per share) $ 0.18 $ 0.34 $ 0.28
Net income attributable to the Company- Diluted (usd per share) $ 0.18 $ 0.34 $ 0.28
Number of shares (in thousands) used in computing:      
Number of shares (in thousands) used in computing basic earnings per common shares (in shares) 18,967 18,882 18,840
Number of shares (in thousands) used in computing basic earnings per common shares (in shares) 19,015 18,970 18,922