Revenue Performance - For the three months ended March 31, 2023, total revenues were $165,762, a decrease of $16,156 or 8.9% compared to $181,918 in the same period of 2022[82]. - Oil and gas revenue decreased by $33,234 or 40.3%, from $82,429 in Q1 2022 to $49,195 in Q1 2023[82]. - Timber sales revenue dropped significantly by $19,842 or 91.3%, from $21,743 in Q1 2022 to $1,901 in Q1 2023[82]. - Surface revenue increased by $36,920 or 47.5%, rising from $77,746 in Q1 2022 to $114,666 in Q1 2023[82]. Expenses - General and administrative expenses rose by $474,954, primarily due to share-based compensation awarded to officers[86]. Real Estate Transactions - The company closed on the sale of two 40-acre parcels for proceeds of $149,992 during Q1 2023[80]. - The company actively seeks additional real estate purchases in Louisiana, focusing on timberland and agricultural land[79]. Dividends and Operations - No dividends were declared during the three months ended March 31, 2023 and 2022[87]. - The company does not explore for oil and gas or operate wells, relying on unrelated third parties for production[76]. Wells and Production - The company received oil and/or gas revenues from 62 wells during both the three months ended March 31, 2023 and 2022[83].

Revenue Performance - The company's total revenues for 2022 were $1,105,494, an increase of approximately 48% compared to 2021 revenues of $744,545[98]. - Oil and gas revenues accounted for 54% of total revenues in 2022, with a significant increase of 63.5% from $364,907 in 2021 to $596,755 in 2022[100]. - Timber revenues increased by $68,872, totaling $219,974 in 2022, driven by improved demand in the regional market[107]. - Surface revenues rose by $60,229, reaching $288,765 in 2022, reflecting increased economic activity in the region[108]. Financial Position - As of December 31, 2022, the company had current assets of $8,307,928 and current liabilities of $267,176, with no outstanding debt[118][119]. - The company has small royalty interests in 20 different producing oil and gas fields, with royalty interests ranging from 0.0045% to 7.62%[87]. Net Income and Loss - The company's net loss for 2022 was $2,137,067, a decrease from net income of $819,349 in 2021, primarily due to lower gains on land sales and stock compensation expenses[97]. Cash Flow - Net cash provided by operating activities increased by $677,364 to $413,691 for the year ended December 31, 2022, compared to a net cash used of ($263,673) in 2021, primarily due to an increase in sales of $360,949 and a decrease in operating expenses[122]. - Net cash used in investing activities was $(498,765) for the year ended December 31, 2022, compared to $1,210,291 in 2021, with significant purchases including $1,000,000 in certificates of deposit and $12,835 in property and equipment[123]. - Net cash used in financing activities was $(176,592) for the year ended December 31, 2022, attributed to repurchases of common stock[124]. Strategic Development - The company is actively developing ranchette-style subdivisions on its lands, having completed plats for three subdivisions on approximately 575 acres[95]. - The company plans to continue evaluating commercial, agricultural, and timber lands for acquisitions and developing properties for commercial or residential purposes[114]. - Management is optimistic about the improvement of stumpage prices and aims to enter into additional stumpage agreements[116]. - The Board of Directors is evaluating strategic alternatives to increase shareholder value, including growth through acquisitions and asset dispositions[121]. Off-Balance Sheet Arrangements - The company does not have any off-balance sheet arrangements or relationships with unconsolidated entities[126].

Revenue Growth - Total revenues for the three months ended September 30, 2022, were $330,232, an increase of approximately 90% compared to the same period in 2021[78]. - Oil and gas revenues for the nine months ended September 30, 2022, were $412,375, representing a 60.1% increase from $257,555 in 2021[85]. - Timber sales for the nine months ended September 30, 2022, were $198,283, a 72.6% increase from $114,877 in 2021[85]. - Surface revenue for the nine months ended September 30, 2022, was $211,704, an increase of 26.5% compared to $167,297 in 2021[85]. - Oil revenues for the three months ended September 30, 2022, were $170,376, a 69.2% increase from $100,715 in 2021[79]. - Gas revenues for the three months ended September 30, 2022, were $17,199, a 163.3% increase from $6,532 in 2021[79]. Pricing Information - The average oil sales price per barrel for the three months ended September 30, 2022, was $107.49, compared to $60.94 in 2021[80]. - The average gas sales price per MCF for the three months ended September 30, 2022, was $8.25, up from $3.28 in 2021[80]. Production Data - Net oil production decreased from 3,975 Bbl in 2021 to 3,734 Bbl in 2022, while average oil sales price increased from $56.90 to $98.34 per Bbl, resulting in an increase in oil revenues by $141,047[88]. - Net gas production decreased from 9,275 MCF in 2021 to 6,692 MCF in 2022, with average gas sales price rising from $3.04 to $6.22 per MCF, leading to an increase in gas revenues by $13,431[88]. - Timber revenue increased from $114,877 in 2021 to $198,283 in 2022, attributed to normal business variations in timber customers' harvesting[90]. Expenses and Cash Flow - General and administrative expenses increased by $788,294 for the nine months ended September 30, 2022, primarily due to share-based compensation and increased payroll expenses[94]. - Net cash provided by operating activities improved from ($63,893) in 2021 to $176,096 in 2022, driven by higher revenues from oil, gas, timber, and surface operations[100]. - Net cash used in investing activities was ($26,421) in 2022, compared to $988,570 in 2021, primarily due to purchases of mutual funds and property, plant, and equipment[101]. Assets and Liabilities - The company had no outstanding debt as of September 30, 2022, and current assets totaled $8,122,422 against current liabilities of $203,926[96][97]. Strategic Initiatives - The company is exploring strategic alternatives for growth, including land acquisitions and business combinations, to enhance shareholder value[99]. - The company is actively searching for additional undeveloped acres in Southwest Louisiana suitable for residential subdivisions[76]. - The company has closed on the sale of 21 out of 39 lots in its ranchette-style subdivisions as of September 30, 2022[74]. Land Sale Performance - Gain on sale of land decreased from $851,582 in 2021 to $261,316 in 2022 for the nine months ended September 30[95]. - Surface revenues rose by $44,407 for the nine months ended September 30, 2022, due to one-time oil and gas delay rentals and new surface leases[91].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-31905 CKX Lands, Inc. (Exact name of registrant as specified in its charter) Louisiana 72-0144530 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-31905 CKX Lands, Inc. (Exact name of registrant as specified in its charter) Louisiana 72-0144530 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock with no par value CKX NYSE American Form 10-K ☑ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2021 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-31905 CKX Lands, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-31905 CKX Lands, Inc. (Exact name of registrant as specified in its charter) Louisiana 72-0144530 (State or other jurisdiction of incorporation or organization) (I.R.S. Emplo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-31905 CKX Lands, Inc. (Exact name of registrant as specified in its charter) Louisiana 72-0144530 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-31905 CKX Lands, Inc. (Exact name of registrant as specified in its charter) Louisiana 72-0144530 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock with no par value CKX NYSE American Form 10-K ☑ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2020 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-31905 CKX Lands, ...