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Note 8 - Related Party Transactions
6 Months Ended
Jun. 30, 2019
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 parties to an option to lease agreement dated
April 17, 2017 (
the “OTL”). The OTL provides Stream Wetlands an option, exercisable through
February 28, 2020,
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 quarters ended
March 31, 2018
and
2019.
Stream Wetlands
may
extend the term of the OTL for
one
more year by paying
$38,333
in the
first
quarter of
2020.
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 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 and legal expenses. For the
three
months ended
June 30, 2019,
the Company recorded
$8,458
in total of such expense, of which
$2,250
was rent expense. For the
six
months ended
June 30, 2019,
the Company recorded
$16,953
in total, of which
$4,500
was rent expense.