Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2022 | May 06, 2022 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0000352955 | |
Entity Registrant Name | CKX LANDS, INC. | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2022 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2022 | |
Document Transition Report | false | |
Entity File Number | 1-31905 | |
Entity Incorporation, State or Country Code | LA | |
Entity Tax Identification Number | 72-0144530 | |
Entity Address, Address Line One | 2417 Shell Beach Drive | |
Entity Address, City or Town | Lake Charles | |
Entity Address, State or Province | LA | |
Entity Address, Postal Zip Code | 70601 | |
City Area Code | 337 | |
Local Phone Number | 493-2399 | |
Title of 12(b) Security | Common Stock with no par value | |
Trading Symbol | CKX | |
Security Exchange Name | NYSE | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 1,942,495 |
Balance Sheets (Current Period
Balance Sheets (Current Period Unaudited) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 |
Current assets: | ||
Cash and cash equivalents | $ 7,357,204 | $ 7,409,873 |
Equity investment in mutual funds | 502,365 | 502,832 |
Accounts receivable | 48,178 | 50,739 |
Prepaid expense and other assets | 94,054 | 35,405 |
Total current assets | 8,001,801 | 7,998,849 |
Property and equipment, net | 9,060,098 | 9,056,238 |
Total assets | 17,061,899 | 17,055,087 |
Current liabilities: | ||
Trade payables and accrued expenses | 115,126 | 111,123 |
Unearned revenue | 148,182 | 150,113 |
Total current liabilities | 263,308 | 261,236 |
Deferred income tax payable | 187,664 | 187,664 |
Total liabilities | 450,972 | 448,900 |
Stockholders' equity: | ||
Common stock, 3,000,000 shares authorized, no par value, 1,942,495 shares issued and outstanding as of March 31, 2022 and December 31, 2021 | 59,335 | 59,335 |
Retained earnings | 16,551,592 | 16,546,852 |
Total stockholders' equity | 16,610,927 | 16,606,187 |
Total liabilities and stockholders' equity | $ 17,061,899 | $ 17,055,087 |
Balance Sheets (Current Perio_2
Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Common Stock, no par value (in dollars per share) | $ 0 | $ 0 |
Common Stock, shares authorized (in shares) | 3,000,000 | 3,000,000 |
Common stock, shares issued (in shares) | 1,942,495 | 1,942,495 |
Common Stock, shares outstanding (in shares) | 1,942,495 | 1,942,495 |
Statements of Operations (Unaud
Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Revenues: | ||
Total revenue | $ 181,918 | $ 154,876 |
Costs, expenses and (gains): | ||
General and administrative expense | 172,349 | 103,083 |
Depreciation expense | 507 | 507 |
Gain on sale of land | 0 | (406,220) |
Total costs, expenses and (gains) | 183,955 | (293,451) |
Income (loss) from operations | (2,037) | 448,327 |
Interest income | 2,607 | 4,666 |
Miscellaneous income | 3,023 | 0 |
Income before income taxes | 3,593 | 452,993 |
Federal and state income tax expense: | ||
Current | (1,147) | 26,186 |
Total income taxes | (1,147) | 26,186 |
Net income | $ 4,740 | $ 426,807 |
Earnings per share, basic and diluted (in dollars per share) | $ 0 | $ 0.22 |
Weighted average shares outstanding, basic and diluted (in shares) | 1,942,495 | 1,942,495 |
Oil and Gas [Member] | ||
Revenues: | ||
Oil and gas | $ 82,429 | $ 50,145 |
Costs, expenses and (gains): | ||
Cost of goods and services sold | 5,736 | 8,221 |
Timber [Member] | ||
Revenues: | ||
Oil and gas | 21,743 | 53,527 |
Costs, expenses and (gains): | ||
Cost of goods and services sold | 234 | 958 |
Surface Leases, Unrelated Parties [Member] | ||
Revenues: | ||
Revenues, leases | 68,163 | 41,621 |
Surface Leases, Related Parties [Member] | ||
Revenues: | ||
Revenues, leases | 9,583 | 9,583 |
Surface Leases [Member] | ||
Costs, expenses and (gains): | ||
Cost of goods and services sold | $ 5,129 | $ 0 |
Statements of Changes in Stockh
Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) | Common Stock [Member] | Retained Earnings [Member] | Total |
Balances (in shares) at Dec. 31, 2020 | 1,942,495 | ||
Balances at Dec. 31, 2020 | $ 59,335 | $ 15,727,503 | $ 15,786,838 |
Net income | $ 0 | 426,807 | 426,807 |
Balances (in shares) at Mar. 31, 2021 | 1,942,495 | ||
Balances at Mar. 31, 2021 | $ 59,335 | 16,154,310 | 16,213,645 |
Balances (in shares) at Dec. 31, 2021 | 1,942,495 | ||
Balances at Dec. 31, 2021 | $ 59,335 | 16,546,852 | 16,606,187 |
Net income | $ 0 | 4,740 | 4,740 |
Balances (in shares) at Mar. 31, 2022 | 1,942,495 | ||
Balances at Mar. 31, 2022 | $ 59,335 | $ 16,551,592 | $ 16,610,927 |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income | $ 4,740 | $ 426,807 |
Adjustments to reconcile net income to net cash used in operating activities: | ||
Depreciation expense | 507 | 507 |
Depletion expense | 138 | 77 |
Gain on sale of land | 0 | (406,220) |
Unrealized loss on equity investment in mutual funds | 504 | 0 |
Changes in operating assets and liabilities: | ||
(Increase) decrease in current assets | (56,088) | (125,141) |
Increase (decrease) in current liabilities | 2,072 | (47,005) |
Net cash used in operating activities | (48,127) | (150,975) |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Purchases of mutual funds | (37) | (124) |
Costs of reforesting timber | (4,505) | (14,114) |
Proceeds from the sale of fixed assets | 0 | 537,360 |
Net cash (used on) provided by investing activities | (4,542) | 523,122 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | (52,669) | 372,147 |
Cash and cash equivalents, beginning of the period | 7,409,873 | 6,463,255 |
Cash and cash equivalents, end of the period | 7,357,204 | 6,835,402 |
SUPPLEMENTAL CASH FLOW INFORMATION | ||
Cash paid for interest | 0 | 0 |
Cash paid for income taxes | $ 0 | $ 0 |
Note 1 - Significant Accounting
Note 1 - Significant Accounting Policies and Recent Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | Note 1: Significant Accounting Policies and Recent Accounting Pronouncements Significant Accounting Policies Basis of Presentation The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures have been omitted pursuant to such rules and regulations. In the opinion of management, the accompanying financial statements include normal recurring adjustments that are necessary for a fair presentation of the results for the interim periods presented. These financial statements should be read in conjunction with our audited financial statements and notes thereto for the fiscal year ended December 31, 2021 10 three March 31, 2022 not The preparation of the financial statements in conformity with U.S. generally accepted accounting principles requires management to make a number of estimates and judgments that affect the reported amounts of assets, liabilities, expenses, and related disclosures. Actual results may Risks and Uncertainties On March 11, 2020, 19 not 2021 2022 19, 19 Concentration of Credit Risk The Company maintains its cash balances in seven may $250,000. not not Impairment of Long-lived Assets Long-lived assets, such as land, timber and property, buildings, and equipment, are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not first not may third December 31, 2021, zero no No three March 31, 2022 2021. Basic and Diluted Earnings per share Net earnings per share is provided in accordance with FASB ASC 260 10, March 31, 2022, 2021 Dividends The Company does not three March 31, 2022 2021. Pursuant to a dividend reversion clause in the Company’s Articles of Incorporation, dividends not one Recent Accounting Pronouncements There are various updates recently issued to the accounting literature and these are not |
Note 2 - Fair Value of Financia
Note 2 - Fair Value of Financial Instruments | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 2: Fair Value of Financial Instruments ASC 820 820” 820 three may Level 1: Level 2: not may third Level 3: The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it was practical to estimate that value: Class Methods and/or Assumptions Cash and cash equivalents: Carrying value approximates fair value due to its readily convertible characteristic. Equity Investment in mutual funds: Carrying value adjusted to and presented at fair market value. The estimated fair values of the Company's financial instruments are as follows: March 31, 2022 December 31, 2021 Financial Assets: Level Carrying Value Fair Value Carrying Value Fair Value Cash and cash equivalents 1 $ 7,357,204 $ 7,357,204 $ 7,409,873 $ 7,409,873 Equity investment in mutual funds 1 504,643 502,365 504,606 502,832 Total $ 7,861,847 $ 7,859,569 $ 7,914,479 $ 7,912,705 |
Note 3 - Property and Equipment
Note 3 - Property and Equipment | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | Note 3: Property and Equipment Property and equipment consisted of the following: March 31, December 31, 2022 2021 Land $ 6,815,147 $ 6,815,147 Timber 2,219,352 2,214,985 Equipment 108,602 108,602 9,143,101 9,138,734 Accumulated depreciation (83,003 ) (82,496 ) Total $ 9,060,098 $ 9,056,238 During the three March 31, 2022 2021, Depreciation expense was $507 for the three March 31, 2022 2021. Depletion expense was $138 and $77 for the three March 31, 2022 2021, |
Note 4 - Segment Reporting
Note 4 - Segment Reporting | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | Note 4: Segment Reporting The Company’s operations are classified into three The tables below present financial information for the Company’s three Three Months Ended Year Ended 2022 2021 Identifiable Assets, net of accumulated depreciation Timber $ 2,219,352 $ 2,214,985 General corporate assets 14,842,547 14,840,102 Total 17,061,899 17,055,087 Capital expenditures: Timber $ 4,505 $ 18,606 Surface - 4,063 General corporate assets - - Total segment costs and expenses $ 4,505 $ 22,669 Depreciation and depletion Oil and gas $ - $ - Timber 138 563 General corporate assets 507 2,027 Total $ 645 $ 2,590 Three Months Ended March 31, 2022 2021 Revenues: Oil and gas $ 82,429 $ 50,145 Timber sales 21,743 53,527 Surface revenue 77,746 51,204 Total segment revenues 181,918 154,876 Cost and expenses: Oil and gas costs $ 5,736 $ 8,221 Timber costs 234 958 Surface costs 5,129 - Total segment costs and expenses 11,099 9,179 Net income from operations: Oil and gas $ 76,693 $ 41,924 Timber 21,509 52,569 Surface 72,617 51,204 Total segment net income from operations 170,819 145,697 Unallocated other income (expense) before income taxes (167,226 ) 307,296 Income before income taxes $ 3,593 $ 452,993 There are no intersegment sales reported in the accompanying statements of operations. The accounting policies of the segments are the same as those described in the summary of significant accounting policies in the Company’s Form 10 December 31, 2021. |
Note 5 - Income Taxes
Note 5 - Income Taxes | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 5: Income Taxes In accordance with generally accepted accounting principles, the Company has analyzed its filing positions in federal and state income tax returns for the tax returns that remain subject to examination. Generally, returns are subject to examination for three no No none |
Note 6 - Related Party Transact
Note 6 - Related Party Transactions | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | Note 6: Related Party Transactions The Company and Stream Wetlands Services, LLC (“Stream Wetlands”) were parties to an option to lease agreement dated April 17, 2017 ( February 28, 2022, The Company’s President and Treasurer is also the President of Matilda Stream Management, Inc. Matilda Stream Management provides administrative and accounting services to the Company for no Surface revenue-related party was $9,583 for each of the three March 31, 2022 2021. |
Note 7 - Concentrations
Note 7 - Concentrations | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | Note 7: Concentrations Revenue from the Company's five three March 31, 2022 2021, Three Months Ended March 31, Count 2022 2021 1 $ 21,743 $ 54,300 2 19,307 13,990 3 18,855 11,359 4 18,650 10,563 5 14,936 9,583 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2022 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures have been omitted pursuant to such rules and regulations. In the opinion of management, the accompanying financial statements include normal recurring adjustments that are necessary for a fair presentation of the results for the interim periods presented. These financial statements should be read in conjunction with our audited financial statements and notes thereto for the fiscal year ended December 31, 2021 10 three March 31, 2022 not The preparation of the financial statements in conformity with U.S. generally accepted accounting principles requires management to make a number of estimates and judgments that affect the reported amounts of assets, liabilities, expenses, and related disclosures. Actual results may |
Risks and Uncertainties [Policy Text Block] | Risks and Uncertainties On March 11, 2020, 19 not 2021 2022 19, 19 |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Credit Risk The Company maintains its cash balances in seven may $250,000. not not |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Impairment of Long-lived Assets Long-lived assets, such as land, timber and property, buildings, and equipment, are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not first not may third December 31, 2021, zero no No three March 31, 2022 2021. |
Earnings Per Share, Policy [Policy Text Block] | Basic and Diluted Earnings per share Net earnings per share is provided in accordance with FASB ASC 260 10, March 31, 2022, 2021 |
Stockholders' Equity, Policy [Policy Text Block] | Dividends The Company does not three March 31, 2022 2021. Pursuant to a dividend reversion clause in the Company’s Articles of Incorporation, dividends not one |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements There are various updates recently issued to the accounting literature and these are not |
Note 2 - Fair Value of Financ_2
Note 2 - Fair Value of Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | March 31, 2022 December 31, 2021 Financial Assets: Level Carrying Value Fair Value Carrying Value Fair Value Cash and cash equivalents 1 $ 7,357,204 $ 7,357,204 $ 7,409,873 $ 7,409,873 Equity investment in mutual funds 1 504,643 502,365 504,606 502,832 Total $ 7,861,847 $ 7,859,569 $ 7,914,479 $ 7,912,705 |
Note 3 - Property and Equipme_2
Note 3 - Property and Equipment (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | March 31, December 31, 2022 2021 Land $ 6,815,147 $ 6,815,147 Timber 2,219,352 2,214,985 Equipment 108,602 108,602 9,143,101 9,138,734 Accumulated depreciation (83,003 ) (82,496 ) Total $ 9,060,098 $ 9,056,238 |
Note 4 - Segment Reporting (Tab
Note 4 - Segment Reporting (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Three Months Ended Year Ended 2022 2021 Identifiable Assets, net of accumulated depreciation Timber $ 2,219,352 $ 2,214,985 General corporate assets 14,842,547 14,840,102 Total 17,061,899 17,055,087 Capital expenditures: Timber $ 4,505 $ 18,606 Surface - 4,063 General corporate assets - - Total segment costs and expenses $ 4,505 $ 22,669 Depreciation and depletion Oil and gas $ - $ - Timber 138 563 General corporate assets 507 2,027 Total $ 645 $ 2,590 Three Months Ended March 31, 2022 2021 Revenues: Oil and gas $ 82,429 $ 50,145 Timber sales 21,743 53,527 Surface revenue 77,746 51,204 Total segment revenues 181,918 154,876 Cost and expenses: Oil and gas costs $ 5,736 $ 8,221 Timber costs 234 958 Surface costs 5,129 - Total segment costs and expenses 11,099 9,179 Net income from operations: Oil and gas $ 76,693 $ 41,924 Timber 21,509 52,569 Surface 72,617 51,204 Total segment net income from operations 170,819 145,697 Unallocated other income (expense) before income taxes (167,226 ) 307,296 Income before income taxes $ 3,593 $ 452,993 |
Note 7 - Concentrations (Tables
Note 7 - Concentrations (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block] | Three Months Ended March 31, Count 2022 2021 1 $ 21,743 $ 54,300 2 19,307 13,990 3 18,855 11,359 4 18,650 10,563 5 14,936 9,583 |
Note 1 - Significant Accounti_2
Note 1 - Significant Accounting Policies and Recent Accounting Pronouncements (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Dilutive Securities, Effect on Basic Earnings Per Share, Total | $ 0 | $ 0 |
Payments of Ordinary Dividends, Common Stock | $ 0 | $ 0 |
Note 2 - Fair Value of Financ_3
Note 2 - Fair Value of Financial Instruments - Financial Instruments (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 |
Reported Value Measurement [Member] | ||
Total | $ 7,861,847 | $ 7,914,479 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 7,357,204 | 7,409,873 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Mutual Fund [Member] | ||
Investment | 504,643 | 504,606 |
Estimate of Fair Value Measurement [Member] | ||
Total | 7,859,569 | 7,912,705 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 7,357,204 | 7,409,873 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Mutual Fund [Member] | ||
Investment | $ 502,365 | $ 502,832 |
Note 3 - Property and Equipme_3
Note 3 - Property and Equipment (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Gain (Loss) on Sale of Properties | $ 0 | $ 406,220 |
Depreciation, Total | 507 | 507 |
Depletion, Total | $ 138 | $ 77 |
Note 3 - Property and Equipme_4
Note 3 - Property and Equipment - Property and Equipment (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 |
Property and equipment, gross | $ 9,143,101 | $ 9,138,734 |
Accumulated depreciation | (83,003) | (82,496) |
Total | 9,060,098 | 9,056,238 |
Land [Member] | ||
Property and equipment, gross | 6,815,147 | 6,815,147 |
Timber Properties [Member] | ||
Property and equipment, gross | 2,219,352 | 2,214,985 |
Equipment [Member] | ||
Property and equipment, gross | $ 108,602 | $ 108,602 |
Note 4 - Segment Reporting (Det
Note 4 - Segment Reporting (Details Textual) | 3 Months Ended | |
Mar. 31, 2022USD ($) | Mar. 31, 2021USD ($) | |
Number of Operating Segments | 3 | |
Revenues, Total | $ 181,918 | $ 154,876 |
Intersegment Eliminations [Member] | ||
Revenues, Total | $ 0 |
Note 4 - Segment Reporting - Se
Note 4 - Segment Reporting - Segmented Operations Information (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | |
Total assets | $ 17,061,899 | $ 17,055,087 | |
Capital Expenditures | 4,505 | $ 22,669 | |
Revenues, Total | 181,918 | 154,876 | |
Cost and expenses | 183,955 | (293,451) | |
Income from operations | (2,037) | 448,327 | |
Oil and Gas [Member] | |||
Oil and gas | 82,429 | 50,145 | |
Timber [Member] | |||
Oil and gas | 21,743 | 53,527 | |
Operating Segments [Member] | |||
Total assets | 17,061,899 | 17,055,087 | |
Depreciation and Depletion | 645 | 2,590 | |
Revenues, Total | 181,918 | 154,876 | |
Cost and expenses | 11,099 | 9,179 | |
Income from operations | 170,819 | 145,697 | |
Unallocated other income (expense) before income taxes | (167,226) | 307,296 | |
Income before income taxes | 3,593 | 452,993 | |
Timber Segment [Member] | Operating Segments [Member] | |||
Total assets | 2,219,352 | 2,214,985 | |
Capital Expenditures | 4,505 | 18,606 | |
Depreciation and Depletion | 138 | 563 | |
Cost and expenses | 234 | 958 | |
Income from operations | 21,509 | 52,569 | |
Timber Segment [Member] | Operating Segments [Member] | Timber [Member] | |||
Oil and gas | 21,743 | 53,527 | |
Oil And Gas Segment [Member] | Operating Segments [Member] | |||
Depreciation and Depletion | 0 | 0 | |
Cost and expenses | 5,736 | 8,221 | |
Income from operations | 76,693 | 41,924 | |
Oil And Gas Segment [Member] | Operating Segments [Member] | Oil and Gas [Member] | |||
Oil and gas | 82,429 | 50,145 | |
Corporate Segment [Member] | Operating Segments [Member] | |||
Total assets | 14,842,547 | 14,840,102 | |
Capital Expenditures | 0 | 0 | |
Depreciation and Depletion | 507 | 2,027 | |
Surface Segment [Member] | Operating Segments [Member] | |||
Capital Expenditures | 0 | 4,063 | |
Cost and expenses | 0 | ||
Income from operations | 72,617 | 51,204 | |
Surface Segment [Member] | Operating Segments [Member] | Surface Leases [Member] | |||
Operating Lease, Lease Income, Total | $ 77,746 | $ 51,204 |
Note 6 - Related Party Transa_2
Note 6 - Related Party Transactions (Details Textual) - USD ($) | Feb. 28, 2022 | Mar. 31, 2022 | Mar. 31, 2021 |
Surface Leases, Related Parties [Member] | |||
Operating Lease, Lease Income, Total | $ 9,583 | $ 9,583 | |
Stream Wetlands Services [Member] | Exclusive Right to Evaluate and Market Lands For Beneficial Purposes to Compensate for Impact [Member] | |||
Related Party Transaction, Amounts of Transaction | $ 38,333 |
Note 7 - Concentrations - Custo
Note 7 - Concentrations - Customers Representing 5% or More of Total Revenue (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Major Customers 1 [Member] | ||
Revenue by customer | $ 21,743 | $ 54,300 |
Major Customers 2 [Member] | ||
Revenue by customer | 19,307 | 13,990 |
Major Customers 3 [Member] | ||
Revenue by customer | 18,855 | 11,359 |
Major Customers 4 [Member] | ||
Revenue by customer | 18,650 | 10,563 |
Major Customers 5 [Member] | ||
Revenue by customer | $ 14,936 | $ 9,583 |