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Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Total revenues $ 346,695 $ 198,771
Costs, Expenses and (Gains)    
General and administrative 132,561 134,857
Depreciation 233 234
Gain on sale of land (878,320) (2,891)
Total cost, expenses and (gains) (701,286) 169,563
Income from operations 1,047,981 29,208
Other Income    
Interest income 12,922 10,212
Net other income 12,922 10,212
Income before income taxes 1,060,903 39,420
Federal and State Income Taxes    
Current 223,542 (5,200)
Total income taxes 223,542 (5,200)
Net Income $ 837,361 $ 44,620
Per Common Stock, basic and diluted    
Net Income (in dollars per share) $ 0.43 $ 0.02
Dividends (in dollars per share) $ 0.12 $ 0.10
Weighted Average Common Shares Outstanding, basic and diluted (in shares) 1,942,495 1,942,495
Oil and Gas [Member]    
Revenues    
Revenues from customers $ 124,577 $ 181,669
Costs, Expenses and (Gains)    
Cost of goods and services sold 16,656 17,565
Timber [Member]    
Revenues    
Revenues from customers 178,449
Costs, Expenses and (Gains)    
Cost of goods and services sold 20,594 2,940
Surface Leases, Unrelated Parties [Member]    
Revenues    
Revenues, leases 34,513 17,102
Surface Leases, Related Parties [Member]    
Revenues    
Revenues, leases 9,156
Surface Leases [Member]    
Costs, Expenses and (Gains)    
Cost of goods and services sold $ 6,990 $ 16,858