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Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (323,654) $ 789,664
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation expense 1,901 1,517
Depletion expense 737 534
Gain on sale of land (5,667) (851,582)
Unrealized (gain) loss on equity investment in mutual funds 504 0
Share-based compensation 707,788 0
Changes in operating assets and liabilities:    
(Increase) decrease in current assets (148,203) 14,204
Increase (decrease) in current liabilities (57,310) (18,230)
Net cash provided by (used in) operating activities 176,096 (63,893)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of mutual funds (2,791) (199)
Purchase of property and equipment (12,835) 0
Costs of reforesting timber (16,462) (17,650)
Purchases of land 0 (4,063)
Proceeds from the sale of fixed assets 5,667 1,010,482
Net cash (used in) provided by investing activities (26,421) 988,570
CASH FLOWS FROM FINANCING ACTIVITIES    
Repurchases of common stock (176,592) 0
Net cash used in investing activities (176,592) 0
NET CHANGE IN CASH AND CASH EQUIVALENTS (26,917) 924,677
Cash and cash equivalents, beginning of the period 7,409,873 6,463,255
Cash and cash equivalents, end of the period 7,382,956 7,387,932
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 0 0
Cash paid for income taxes 16,947 171,423
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING ACTIVITIES    
Sale of land accrued in accounts receivable $ 0 $ 19,170