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Concentrations
3 Months Ended
Mar. 31, 2023
Risks and Uncertainties [Abstract]  
Concentrations

(9) Concentrations.

 

The mining royalty lands segment has a total of five tenants currently leasing mining locations and one lessee that accounted for 26.3% of the Company’s consolidated revenues during the three months ended March 31, 2023, and $645,000 of accounts receivable at March 31, 2023. 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.