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Concentrations
12 Months Ended
Dec. 31, 2022
Risks and Uncertainties [Abstract]  
Concentrations

 

14.Concentrations.

 

The mining royalty lands segment has a total of five tenants currently leasing mining locations and one lessee that accounted for 23% of the Company’s consolidated revenues during 2022 and $453,000 of accounts receivable at December 31, 2022. The termination of these lessees’ underlying leases could have a material adverse effect on the Company. The Company places its cash and cash equivalents with Wells Fargo Bank and First Horizon Bank. At times, such amounts may exceed FDIC limits.