Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (326,841) $ (514,727)
Depreciation and amortization 3,930 255
Accumulated amortization of royalty interests 102,742 69,003
Legal recovery of previously impaired investment (175,361)
Increase in accrued interest income (3,664)
Gain (loss) on investment in securities at fair value 26,211 69,833
Gain (loss) on sale of investment in gold (49,886)
Gain (loss) on sale of investment in futures (116)
Decrease (increase) in operating assets    
Royalty income receivable (7,156) (38,456)
Prepaid expenses and other current assets (6,427) (7,127)
Increase (decrease) in operating liabilities    
Accounts payable 12,946 12,459
Accrued expenses 10,094 (3,011)
Accrued salary, retirement, and benefits - related party 34,956 13,895
Net cash provided by (used by) operating activities (378,572) (397,876)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of investment securities (614,830)
Purchase of gold position (516,346)
Proceeds from investment in securities sold 239,464 835,209
Proceeds from investment in gold sold 148,329
Proceeds from investment in futures sold 116
Acquired royalty interests in the Permian Basin (1,369,899)
Purchases of property and equipment (4,112) (8,465)
Net cash provided by (used by) investing activities 383,797 (1,674,331)
Net change in cash 5,225 (2,072,207)
Beginning cash 49,193 2,182,121
Ending cash 54,418 109,914
SUPPLEMENTARY INFORMATION:    
Cash paid for income taxes 674 3,563
NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Conversion of preferred stock into common stock - par value 591
Conversion of preferred stock into common stock - additional paid in capital (591)
Total conversion of preferred stock into common stock: