Note 3 - Property and Equipment

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note 3:      Property and Equipment

Property and equipment consisted of the following:

	December 31,
	2021			2020
Land	$	6,815,147		$	7,018,547
Timber		2,214,985			2,196,942
Equipment		108,602			108,602
		9,138,734			9,324,091
Accumulated depreciation		(82,496	)		(80,470	)
Total	$	9,056,238		$	9,243,621

Depreciation expense was $2,027 and $2,303 for the years ended December 31, 2021 and 2020, respectively.

Depletion expense was $563 and $974 for the years ended December 31, 2021 and 2020, respectively.