Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Cash Flows

v3.26.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (574,119) $ (839,505)
Depreciation and amortization (3,445) 1,073
Accumulated amortization of royalty interests 103,251
Amortization of discount on investment in account receivable (9,559)
(Gain) loss on investment in securities at fair value (15,107) (34,989)
(Gain) loss on long-term investments 250,208
Decrease (increase) in operating assets    
Royalty income receivable (26,000)
Other receivables 15,000
Prepaid expenses and other current assets (1,052) (502)
Increase (decrease) in operating liabilities    
Accounts payable (2,805) 14
Accrued expenses (4,021) (48,861)
Accrued salary, retirement, and benefits - related party 26,227 40,066
Net cash provided by (used by) operating activities (497,071) (627,055)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of investment securities (614,830) (1,420,608)
Purchase of gold (516,346)
Proceeds from securities sold 871,211 982,478
Acquired royalty interests in the Permian Basin (1,369,899)
Proceeds from Ally Waste note receivable 1,000,000
Purchases of property and equipment (5,992)
Net cash (used by) investing activities (1,635,856) 561,870
CASH FLOWS FROM FINANCING ACTIVITIES:    
Paid in capital adjustment - stock repurchase or cancellation (1) (300)
Payments on repurchase of stock (183,693)
Net cash provided by (used by) financing activities (1) (183,993)
Net change in cash (2,132,928) (249,178)
Beginning cash 2,182,121 2,431,299
Ending cash 49,193 2,182,121
SUPPLEMENTARY INFORMATION:    
Cash paid for income taxes $ 4,603 $ 15,489