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Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Total revenue $ 154,876 $ 180,391
Costs, expenses and (gains):    
General and administrative expense 103,083 143,121
Depreciation expense 507 234
Gain on sale of land (406,220) (33,107)
Total costs, expenses and (gains) (293,451) 124,436
Income from operations 448,327 55,955
Interest income 4,666 17,875
Income before income taxes 452,993 73,830
Federal and state income tax expense:    
Current 26,186 15,448
Total income taxes 26,186 15,448
Net income $ 426,807 $ 58,382
Earnings per share, basic and diluted (in dollars per share) $ 0.22 $ 0.03
Weighted average shares outstanding, basic and diluted (in shares) 1,942,495 1,942,495
Oil and Gas [Member]    
Revenues:    
Revenues from customers $ 50,145 $ 115,050
Costs, expenses and (gains):    
Cost of goods and services sold 8,221 11,737
Timber [Member]    
Revenues:    
Revenues from customers 53,527 7,888
Costs, expenses and (gains):    
Cost of goods and services sold 958 2,451
Surface Leases, Unrelated Parties [Member]    
Revenues:    
Revenues, leases 41,621 47,870
Surface Leases, Related Parties [Member]    
Revenues:    
Revenues, leases $ 9,583 $ 9,583