Balance Sheets (Unaudited) (USD $)
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Mar. 31, 2015
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Dec. 31, 2014
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Current Assets: | ||
Cash and cash equivalents | $ 5,805,450us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 5,225,594us-gaap_CashAndCashEquivalentsAtCarryingValue |
Accounts receivable | 127,473us-gaap_AccountsReceivableNetCurrent | 146,413us-gaap_AccountsReceivableNetCurrent |
Prepaid expense and other assets | 87,570us-gaap_PrepaidExpenseAndOtherAssets | 50,085us-gaap_PrepaidExpenseAndOtherAssets |
Total current assets | 7,460,493us-gaap_AssetsCurrent | 7,102,092us-gaap_AssetsCurrent |
Non-current Assets: | ||
Property, Plant, And Equipment, Net | 6,502,121us-gaap_PropertyPlantAndEquipmentNet | 6,484,560us-gaap_PropertyPlantAndEquipmentNet |
Land | 4,956,967us-gaap_Land | 4,957,135us-gaap_Land |
Total assets | 13,962,614us-gaap_Assets | 13,826,652us-gaap_Assets |
Current Liabilities: | ||
Trade payables and accrued expenses | 105,729us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent | 61,237us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent |
Dividends payable | 135,975us-gaap_DividendsPayableCurrent | |
Income tax payable - current | 2,456us-gaap_AccruedIncomeTaxesCurrent | |
Total current liabilities | 244,160us-gaap_LiabilitiesCurrent | 61,237us-gaap_LiabilitiesCurrent |
Noncurrent Liabilities: | ||
Deferred income tax payable | 224,426us-gaap_DeferredTaxLiabilitiesNoncurrent | 224,426us-gaap_DeferredTaxLiabilitiesNoncurrent |
Total liabilities | 468,586us-gaap_Liabilities | 285,663us-gaap_Liabilities |
Stockholders’ Equity: | ||
Common stock, no par value: 3,000,000 shares authorized; 2,100,000 shares issued | 72,256us-gaap_CommonStockValue | 72,256us-gaap_CommonStockValue |
Retained earnings | 13,797,288us-gaap_RetainedEarningsAccumulatedDeficit | 13,844,249us-gaap_RetainedEarningsAccumulatedDeficit |
Less cost of treasury stock (157,505 shares) | (375,516)us-gaap_TreasuryStockValue | (375,516)us-gaap_TreasuryStockValue |
Total stockholders’ equity | 13,494,028us-gaap_StockholdersEquity | 13,540,989us-gaap_StockholdersEquity |
Total liabilities and stockholders’ equity | 13,962,614us-gaap_LiabilitiesAndStockholdersEquity | 13,826,652us-gaap_LiabilitiesAndStockholdersEquity |
Timber Properties [Member] | ||
Non-current Assets: | ||
Property, Plant, And Equipment, Net | 1,545,154us-gaap_PropertyPlantAndEquipmentNet / us-gaap_PropertyPlantAndEquipmentByTypeAxis = us-gaap_TimberPropertiesMember |
1,527,425us-gaap_PropertyPlantAndEquipmentNet / us-gaap_PropertyPlantAndEquipmentByTypeAxis = us-gaap_TimberPropertiesMember |
Short Term [Member] | ||
Current Assets: | ||
Certificates of deposit | $ 1,440,000us-gaap_CertificatesOfDepositAtCarryingValue / us-gaap_CashAndCashEquivalentsAxis = ckx_ShortTermMember |
$ 1,680,000us-gaap_CertificatesOfDepositAtCarryingValue / us-gaap_CashAndCashEquivalentsAxis = ckx_ShortTermMember |
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- Definition
Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
A savings certificate entitling the Entity (that is, bearer) to receive interest at an established maturity date, based upon a fixed interest rate. A certificate of deposit may be issued in any denomination. Certificates of deposit are generally issued by commercial banks and, therefore, insured by the FDIC (up to the prescribed limit). Certificates of deposit generally restrict holders from withdrawing funds on demand without the incurrence of penalties. Generally, only certificates of deposit with original maturities of three months or less qualify as cash equivalents. Original maturity means original maturity to the entity holding the investment. As a related example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three-years ago does not become a cash equivalent when its remaining maturity is three months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before accumulated depletion of real estate held for productive use, excluding land held for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets. No definition available.
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- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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