$CKX
CKX LANDS, INC.

2023 Q1 Form 10-K Financial Statement

#000143774923008793 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $165.8K $283.1K $1.105M
YoY Change -8.88% 38.23% 48.48%
Cost Of Revenue $10.20K $36.23K $86.25K
YoY Change -8.11% 142.02% 61.61%
Gross Profit $155.6K $246.9K $1.019M
YoY Change -8.93% 30.05% 47.46%
Gross Profit Margin 93.85% 87.2% 92.2%
Selling, General & Admin $647.3K $1.695M $2.876M
YoY Change 275.57% 554.3% 341.35%
% of Gross Profit 416.11% 686.47% 282.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.065K $3.280K $5.039K
YoY Change 110.06% 507.41% 148.59%
% of Gross Profit 0.68% 1.33% 0.49%
Operating Expenses $648.4K $1.698M $2.881M
YoY Change 275.08% 554.24% 340.75%
Operating Profit -$342.8K -$1.451M -$1.843M
YoY Change 16729.11% 1982.25% -273.28%
Interest Expense $25.96K $19.78K $35.34K
YoY Change 894.64% 675.69% 126.1%
% of Operating Profit
Other Income/Expense, Net $0.00 -$1.510K $1.770K
YoY Change -100.0% -134.47% -59.59%
Pretax Income -$316.9K -$1.420M -$1.805M
YoY Change -8918.56% -1374.4% -266.66%
Income Tax -$79.21K -$425.5K -$487.7K
% Of Pretax Income
Net Earnings -$237.6K -$994.1K -$1.318M
YoY Change -5113.48% -3448.13% -260.82%
Net Earnings / Revenue -143.36% -351.1% -119.2%
Basic Earnings Per Share -$0.12 -$0.67
Diluted Earnings Per Share -$0.12 -$0.50 -$0.67
COMMON SHARES
Basic Shares Outstanding 1.974M 1.974M 1.959M
Diluted Shares Outstanding 1.959M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.205M $8.153M $8.153M
YoY Change 4.4% 3.03% 3.03%
Cash & Equivalents $7.190M $7.148M
Short-Term Investments $1.015M $1.005M $1.005M
Other Short-Term Assets $131.0K $28.70K $28.70K
YoY Change 39.26% -18.95% -18.95%
Inventory
Prepaid Expenses
Receivables $77.41K $126.4K $126.4K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.414M $8.308M $8.308M
YoY Change 5.15% 3.86% 3.86%
LONG-TERM ASSETS
Property, Plant & Equipment $9.096M $9.080M $9.080M
YoY Change 0.4% 0.26% 0.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $379.3K $300.1K $300.1K
YoY Change
Total Long-Term Assets $9.475M $9.380M $9.380M
YoY Change 4.58% 3.57% 3.57%
TOTAL ASSETS
Total Short-Term Assets $8.414M $8.308M $8.308M
Total Long-Term Assets $9.475M $9.380M $9.380M
Total Assets $17.89M $17.69M $17.69M
YoY Change 4.85% 3.71% 3.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.94K $37.63K $37.63K
YoY Change -73.13% -66.14% -66.14%
Accrued Expenses
YoY Change
Deferred Revenue $148.7K $229.6K
YoY Change 0.35% 52.92%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $179.6K $267.2K $267.2K
YoY Change -31.78% 2.27% 2.27%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $179.6K $267.2K $267.2K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $179.6K $267.2K $267.2K
YoY Change -60.17% -40.48% -40.48%
SHAREHOLDERS EQUITY
Retained Earnings $14.99M $15.23M
YoY Change -9.43% -7.96%
Common Stock $59.34K $59.34K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $176.6K
YoY Change
Treasury Stock Shares $10.17K
Shareholders Equity $17.71M $17.42M $17.42M
YoY Change
Total Liabilities & Shareholders Equity $17.89M $17.69M $17.69M
YoY Change 4.85% 3.71% 3.71%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$237.6K -$994.1K -$1.318M
YoY Change -5113.48% -3448.13% -260.82%
Depreciation, Depletion And Amortization $1.065K $3.280K $5.039K
YoY Change 110.06% 507.41% 148.59%
Cash From Operating Activities -$90.39K $237.6K $413.7K
YoY Change 87.82% -218.93% -256.9%
INVESTING ACTIVITIES
Capital Expenditures $17.36K $0.00 $29.30K
YoY Change -484.92% -100.0% -229.25%
Acquisitions
YoY Change
Other Investing Activities $150.0K -$472.4K $1.000M
YoY Change -375075.0% -312.12%
Cash From Investing Activities $132.6K -$472.4K -$498.8K
YoY Change -3020.17% -313.04% -141.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $176.6K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -$176.6K
YoY Change
NET CHANGE
Cash From Operating Activities -$90.39K 237.6K $413.7K
Cash From Investing Activities $132.6K -472.4K -$498.8K
Cash From Financing Activities 0.000 -$176.6K
Net Change In Cash $42.24K -234.8K -$261.7K
YoY Change -180.2% -1170.01% -127.64%
FREE CASH FLOW
Cash From Operating Activities -$90.39K $237.6K $413.7K
Capital Expenditures $17.36K $0.00 $29.30K
Free Cash Flow -$107.8K $237.6K $384.4K
YoY Change 147.04% -219.5% -259.5%

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CY2022 us-gaap Gain Loss On Sale Of Properties
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18972 usd
CY2021 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
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CY2022 ckx Results Of Operations Royalty Interests
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CY2021 ckx Results Of Operations Royalty Interests
ResultsOfOperationsRoyaltyInterests
364907 usd
CY2022 ckx Lease Fees Revenue
LeaseFeesRevenue
0 usd
CY2021 ckx Lease Fees Revenue
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CY2022 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
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596755 usd
CY2021 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
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364907 usd
CY2022 us-gaap Results Of Operations Expense From Oil And Gas Producing Activities
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50312 usd
CY2021 us-gaap Results Of Operations Expense From Oil And Gas Producing Activities
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CY2022 us-gaap Results Of Operations Income Before Income Taxes
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546443 usd
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CY2021 us-gaap Results Of Operations Income Tax Expense
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CY2022 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
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CY2021 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
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CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
300050 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
0 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
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CY2021Q4 us-gaap Deferred Tax Liabilities
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187664 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.26 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2022 ckx Income Tax Rate Reconciliation Nondeductible Expense Federal Statutory Depletion Amount
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CY2022 ckx Income Tax Rate Reconciliation Nondeductible Expense State Statutory Depletion Amount
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IncomeTaxRateReconciliationNondeductibleExpenseStateStatutoryDepletionAmount
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CY2022 ckx Income Tax Rate Reconciliation Deduction State And Local Income Taxes
IncomeTaxRateReconciliationDeductionStateAndLocalIncomeTaxes
0 usd
CY2021 ckx Income Tax Rate Reconciliation Deduction State And Local Income Taxes
IncomeTaxRateReconciliationDeductionStateAndLocalIncomeTaxes
-12751 usd
CY2022 ckx Income Tax Rate Reconciliation Deduction Federal Income Taxes
IncomeTaxRateReconciliationDeductionFederalIncomeTaxes
0 usd
CY2021 ckx Income Tax Rate Reconciliation Deduction Federal Income Taxes
IncomeTaxRateReconciliationDeductionFederalIncomeTaxes
-18200 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
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0 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
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2134 usd
CY2022 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
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CY2021 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
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263970 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
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300050 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
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187664 usd
CY2022 ckx Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodFairValue
3374002 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
1065465 usd

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