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Note 8 - Related Party Transactions
9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
Note
8
:     
Related Party Transactions
 
The Company and Stream Wetlands Services, LLC (“Stream Wetlands”) are party to an option to lease agreement dated
April 17, 2017 (
the “OTL”). The OTL provides Stream Wetlands an option, exercisable through
February 28, 2019,
to lease certain lands from the Company, subject to the negotiation and execution of a mutually acceptable lease form. Stream Wetlands paid the Registrant
$38,333
upon execution of the OTL, and an additional
$38,333
during the quarter ended
March 31, 2018.
Stream Wetlands
may
extend the term of the OTL for up to
two
(
2
) successive periods of
twelve
(
12
) months by paying
$38,333
for each
twelve
-month period. Mr. Stream, a director of the Company, is the president of Stream Wetlands.
 
The Company’s President is a partner in Stockwell, Sievert, Viccellio, Clements, LLP (“Stockwell”). Beginning in
August 2018,
the Company began renting office space for administrative services from Stockwell. The Company pays Stockwell
$750
per month as rent for office space and associated services,
$2,000
per month to reimburse the firm for an administrative assistant and reimburses Stockwell for miscellaneous office supplies. For the
three
and
nine
months ended
September 30, 2018,
the Company recorded
$6,571
in such expense.