v3.24.2.u1

Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Accrued accounts receivable	$ 136,609	$ 104,741
Interest receivable	32,609	0
Prepaid expense and other assets	125,787	212,279
Total current assets	9,688,496	9,388,882
Property and equipment, net	9,093,252	9,095,403
Deferred tax asset	168,702	329,121
Total assets	18,950,450	18,813,406
Current liabilities:
Trade payables and accrued expenses	219,772	159,159
Income tax payable	151,404	151,404
Unearned revenue	95,111	184,785
Total current liabilities	466,287	495,348
Total liabilities	466,287	495,348
Stockholders' equity:
Common stock, 3,000,000 shares authorized, no par value, 2,066,044 and 2,027,032 shares issued and outstanding, respectively, as of June 30, 2024 and 2,014,283 and 1,991,337 shares issued and outstanding, respectively, as of December 31, 2023	59,335	59,335
Additional paid in capital	3,361,386	3,150,376
Treasury stock, 39,012 and 22,946 shares, at cost, as of June 30, 2024 and December 31, 2023, respectively	(472,602)	(263,748)
Retained earnings	15,536,044	15,372,095
Total stockholders' equity	18,484,163	18,318,058
Total liabilities and stockholders' equity	18,950,450	18,813,406
Cash and Cash Equivalents Excluding Certificates of Deposit [Member]
Current assets:
Cash and cash equivalents	7,866,811	7,546,689
Certificates of Deposit [Member]
Current assets:
Cash and cash equivalents	$ 1,526,680	$ 1,525,173

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

CKX LANDS, INC. 10-Q