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Annual report pursuant to Section 13 and 15(d)

Note 4 - Real Estate Acquired

v3.6.0.2
Note 4 - Real Estate Acquired
12 Months Ended
Dec. 31, 2016
Notes to Financial Statements Ìý
Property, Plant and Equipment Disclosure [Text Block]
(4)
Real Estate Acquired
Ìý
Real estate acquired included the following activity for the years ended
December
31,
2016
and
2015:
Ìý
Ìý
Ìý
2016
Ìý
Ìý
2015
Ìý
Ìý
Ìý
Acres
Ìý
Ìý
Book Value
Ìý
Ìý
Acres
Ìý
Ìý
Book Value
Ìý
Balance at January 1:
Ìý Ìý
10,064.78
Ìý Ìý $
1,114,601
Ìý Ìý Ìý
10,124.78
Ìý Ìý $
1,125,059
Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Additions
Ìý Ìý
—
Ìý Ìý Ìý
—
Ìý Ìý Ìý
—
Ìý Ìý Ìý
—
Ìý
Sales
Ìý Ìý
—
Ìý Ìý Ìý
—
Ìý Ìý Ìý
(60.00
)
Ìý Ìý
(10,458
)
Balance at December 31:
Ìý Ìý
10,064.78
Ìý Ìý $
1,114,601
Ìý Ìý Ìý
10,064.78
Ìý Ìý $
1,114,601
Ìý
Ìý
No
valuation allowance was necessary at
December
31,
2016
and
2015.