Price Graph
Price
Yield
These terms and conditions govern your use of the website alphaminr.com and its related services.
These Terms and Conditions (“Terms”) are a binding contract between you and Alphaminr, (“Alphaminr”, “we”, “us” and “service”). You must agree to and accept the Terms. These Terms include the provisions in this document as well as those in the Privacy Policy. These terms may be modified at any time.
Your subscription will be on a month to month basis and automatically renew every month. You may terminate your subscription at any time through your account.
We will provide you with advance notice of any change in fees.
You represent that you are of legal age to form a binding contract. You are responsible for any
activity associated with your account. The account can be logged in at only one computer at a
time.
The Services are intended for your own individual use. You shall only use the Services in a
manner that complies with all laws. You may not use any automated software, spider or system to
scrape data from Alphaminr.
Alphaminr is not a financial advisor and does not provide financial advice of any kind. The service is provided “As is”. The materials and information accessible through the Service are solely for informational purposes. While we strive to provide good information and data, we make no guarantee or warranty as to its accuracy.
TO THE EXTENT PERMITTED BY APPLICABLE LAW, UNDER NO CIRCUMSTANCES SHALL ALPHAMINR BE LIABLE TO YOU FOR DAMAGES OF ANY KIND, INCLUDING DAMAGES FOR INVESTMENT LOSSES, LOSS OF DATA, OR ACCURACY OF DATA, OR FOR ANY AMOUNT, IN THE AGGREGATE, IN EXCESS OF THE GREATER OF (1) FIFTY DOLLARS OR (2) THE AMOUNTS PAID BY YOU TO ALPHAMINR IN THE SIX MONTH PERIOD PRECEDING THIS APPLICABLE CLAIM. SOME STATES DO NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL OR CERTAIN OTHER DAMAGES, SO THE ABOVE LIMITATION AND EXCLUSIONS MAY NOT APPLY TO YOU.
If any provision of these Terms is found to be invalid under any applicable law, such provision shall not affect the validity or enforceability of the remaining provisions herein.
This privacy policy describes how we (“Alphaminr”) collect, use, share and protect your personal information when we provide our service (“Service”). This Privacy Policy explains how information is collected about you either directly or indirectly. By using our service, you acknowledge the terms of this Privacy Notice. If you do not agree to the terms of this Privacy Policy, please do not use our Service. You should contact us if you have questions about it. We may modify this Privacy Policy periodically.
When you register for our Service, we collect information from you such as your name, email address and credit card information.
Like many other websites we use “cookies”, which are small text files that are stored on your computer or other device that record your preferences and actions, including how you use the website. You can set your browser or device to refuse all cookies or to alert you when a cookie is being sent. If you delete your cookies, if you opt-out from cookies, some Services may not function properly. We collect information when you use our Service. This includes which pages you visit.
We use Google Analytics and we use Stripe for payment processing. We will not share the information we collect with third parties for promotional purposes. We may share personal information with law enforcement as required or permitted by law.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Louisiana
|
72-0144530
|
|
|
(State or other jurisdiction of incorporation or organization)
|
(I.R.S. Employer Identification No.)
|
|
|
700 Pujo Street, Suite 200
|
||
|
Lake Charles, LA
|
70601
|
|
|
(Address of principal executive offices)
|
(Zip Code)
|
|
|
(337) 493-2399
|
||
|
(Registrant’s telephone number)
|
|
Page
|
||
|
Part I. Financial Information
|
||
|
Item 1.
|
Financial Statements | |
|
a.
|
Balance Sheets as of March 31, 2012 and December 31, 2011 (Unaudited) |
1
|
|
b.
|
Statements of Income and Comprehensive Income for the Quarters ended March 31, 2012 and 2011 (Unaudited) |
2
|
|
c.
|
Statements of Changes in Stockholders’ Equity for the Quarters ended March 31, 2012 and 2011 (Unaudited) |
3
|
|
d.
|
Statements of Cash Flows for the Quarters ended March 31, 2012 and 2011 (Unaudited) |
4
|
|
e.
|
Notes to Financial Statements (Unaudited) |
5-6
|
|
Item 2.
|
Management’s Discussion and Analysis of Financial Condition and Results of Operations |
7-8
|
|
Item 4.
|
Controls and Procedures |
8
|
|
Part II. Other Information
|
||
|
Item 6.
|
Exhibits |
9
|
|
Signature
|
10
|
|
|
2012
|
2011
|
|||||||
|
Assets
|
||||||||
|
Current Assets:
|
||||||||
|
Cash and cash equivalents
|
$ | 4,764,067 | $ | 4,124,908 | ||||
|
1031 trust account – restricted
|
159,003 | -- | ||||||
|
Certificates of deposit
|
501,384 | 495,625 | ||||||
|
Accounts receivable
|
307,522 | 276,217 | ||||||
|
Prepaid expense and other assets
|
75,763 | 20,828 | ||||||
|
Total current assets
|
5,807,739 | 4,917,578 | ||||||
|
Certificates of deposit
|
480,000 | 480,000 | ||||||
|
Property and equipment:
|
||||||||
|
Building and equipment less accumulated depreciation of
$72,490 and $70,818, respectively
|
17,942 | 19,614 | ||||||
|
Timber less accumulated depletion
of $691,880 and $691,436, respectively
|
1,150,465 | 1,146,743 | ||||||
|
Land
|
4,396,034 | 4,431,034 | ||||||
|
Total property and equipment, net
|
5,564,441 | 5,597,391 | ||||||
|
Total assets
|
$ | 11,852,180 | $ | 10,994,969 | ||||
|
Liabilities and Stockholders’ Equity
|
||||||||
|
Current Liabilities:
|
||||||||
|
Trade payables and accrued expenses
|
$ | 98,676 | $ | 58,662 | ||||
|
Dividends payable
|
135,974 | -- | ||||||
|
Income tax payable:
|
||||||||
|
Current
|
246,370 | 87,419 | ||||||
|
Deferred
|
2,028 | 5,153 | ||||||
|
Total current liabilities
|
483,048 | 151,234 | ||||||
|
Noncurrent Liabilities:
|
||||||||
|
Deferred income tax payable
|
231,417 | 181,818 | ||||||
|
Total liabilities
|
714,465 | 333,052 | ||||||
|
Stockholders’ Equity:
|
||||||||
|
Common stock, no par value: 3,000,000 shares authorized;
2,100,000 shares issued
|
72,256 | 72,256 | ||||||
|
Retained earnings
|
11,440,975 | 10,965,177 | ||||||
|
Accumulated other comprehensive income
|
-- | -- | ||||||
|
Less cost of treasury stock (157,505 shares)
|
(375,516 | ) | (375,516 | ) | ||||
|
Total stockholders’ equity
|
11,137,715 | 10,661,917 | ||||||
|
Total liabilities and stockholders’ equity
|
$ | 11,852,180 | $ | 10,994,969 | ||||
|
Three Months Ended March 31
|
||||||||
|
2012
|
2011
|
|||||||
|
Revenues:
|
||||||||
|
Oil and gas
|
$ | 904,642 | $ | 295,779 | ||||
|
Agriculture
|
25,533 | 7,726 | ||||||
|
Timber
|
4,935 | 3,439 | ||||||
|
Total revenues
|
935,110 | 306,944 | ||||||
|
Costs and Expenses:
|
||||||||
|
Oil and gas production
|
65,040 | 22,988 | ||||||
|
Agriculture
|
807 | 507 | ||||||
|
Timber
|
8,169 | 9,651 | ||||||
|
General and administrative
|
101,476 | 91,656 | ||||||
|
Depreciation and depletion
|
2,116 | 20,560 | ||||||
|
Total cost and expenses
|
177,608 | 145,362 | ||||||
|
Income from operations
|
757,502 | 161,582 | ||||||
|
Other Income / (Expense):
|
||||||||
|
Interest income
|
538 | 10,193 | ||||||
|
Dividend income
|
-- | 4,863 | ||||||
|
Gain on sale of land and other assets
|
124,000 | 306 | ||||||
|
Net other income / (expense)
|
124,538 | 15,362 | ||||||
|
Income before income taxes
|
882,040 | 176,944 | ||||||
|
Federal and State Income Taxes:
|
||||||||
|
Current
|
230,299 | 44,994 | ||||||
|
Deferred
|
39,969 | 148 | ||||||
|
Total income taxes
|
270,268 | 45,142 | ||||||
|
Net income
|
611,772 | 131,802 | ||||||
|
Other Comprehensive Income, Net of Taxes:
|
||||||||
|
Change in unrealized net holding gains occurring during period, net of taxes of $508
|
-- | 763 | ||||||
|
Other comprehensive income
|
-- | 763 | ||||||
|
Comprehensive Income
|
$ | 611,772 | $ | 132,565 | ||||
|
Per Common Stock (1,942,495 shares):
|
||||||||
|
Net Income
|
$ | 0.32 | $ | .07 | ||||
|
Dividends
|
$ | .07 | $ | .07 | ||||
|
Quarter Ended March 31, 2012:
|
||||||||||||||||||||
|
Total
|
Retained
Earnings
|
Accumulated
Other
Comprehensive
Income
|
Capital
Stock
Issued
|
Treasury
Stock
|
||||||||||||||||
|
December 31, 2011 Balance
|
$ | 10,661,917 | 10,965,177 | -- | 72,256 | 375,516 | ||||||||||||||
|
Net income
|
611,772 | 611,772 | ||||||||||||||||||
|
Other comprehensive income
|
-- | -- | ||||||||||||||||||
|
Dividends
|
(135,974 | ) | (135,974 | ) | -- | -- | -- | |||||||||||||
|
March 31, 2012 Balance
|
$ | 11,137,715 | 11,440,975 | -- | 72,256 | 375,516 | ||||||||||||||
|
Quarter Ended March 31, 2011:
|
||||||||||||||||||||
|
Total
|
Retained
Earnings
|
Accumulated
Other
Comprehensive
Income
|
Capital
Stock
Issued
|
Treasury
Stock
|
||||||||||||||||
|
December 31, 2010 Balance
|
$ | 10,246,245 | 10,543,924 | 5,581 | 72,256 | 375,516 | ||||||||||||||
|
Net income
|
131,802 | 131,802 | ||||||||||||||||||
|
Other comprehensive income
|
763 | 763 | ||||||||||||||||||
|
Dividends
|
(135,975 | ) | (135,975 | ) | -- | -- | -- | |||||||||||||
|
March 31, 2011 Balance
|
$ | 10,242,835 | 10,539,751 | 6,344 | 72,256 | 375,516 | ||||||||||||||
|
2012
|
2011
|
|||||||
|
Cash Flows From Operating Activities:
|
||||||||
|
Net Income
|
$ | 611,772 | $ | 131,802 | ||||
|
Less non-cash (income) expenses included in net income:
|
||||||||
|
Depreciation, depletion and amortization
|
2,116 | 20,560 | ||||||
|
Deferred income tax expense
|
39,969 | 148 | ||||||
|
Less non-operating activities:
|
||||||||
|
Gain from sale of land and other assets
|
(124,000 | ) | (306 | ) | ||||
|
Change in operating assets and liabilities:
|
||||||||
|
(Increase) decrease in current assets
|
79,716 | (21,448 | ) | |||||
|
Increase (decrease) in current liabilities
|
40,014 | 7,989 | ||||||
|
Net cash provided from operating activities
|
649,587 | 138,745 | ||||||
|
Cash Flows From Investing Activities:
|
||||||||
|
Certificates of Deposit:
|
||||||||
|
Maturity proceeds
|
255,625 | -- | ||||||
|
Purchases
|
(261,384 | ) | (5,625 | ) | ||||
|
Securities:
|
||||||||
|
Sales proceeds
|
-- | (4,864 | ) | |||||
|
Land, timber, equipment and other assets:
|
||||||||
|
Sales proceeds
|
159,000 | 166 | ||||||
|
Purchases
|
(4,666 | ) | (532,944 | ) | ||||
|
Proceeds held in 1031 trust account
|
(159,003 | ) | ||||||
|
Net cash provided from (used in) investing activities
|
(10,428 | ) | (543,267 | ) | ||||
|
Cash Flows From Financing Activities:
|
||||||||
|
Dividends paid
|
-- | -- | ||||||
|
Net cash used in financing activities
|
-- | -- | ||||||
|
Net increase (decrease) in cash and cash equivalents
|
639,159 | (404,522 | ) | |||||
|
Cash and cash equivalents:
|
||||||||
|
Beginning
|
4,124,908 | 5,182,316 | ||||||
|
Ending
|
$ | 4,764,067 | $ | 4,777,794 | ||||
|
Supplemental disclosures of cash flow information:
|
||||||||
|
Cash payments for:
|
||||||||
|
Interest
|
$ | -- | $ | -- | ||||
|
Income taxes
|
$ | 71,348 | $ | -- | ||||
|
Supplemental schedule of non-cash investing and financing activities:
|
||||||||
|
Net change in recognized and unrecognized unrealized
gains (losses) on available-for-sale securities
|
$ | -- | $ | 1,271 | ||||
|
March 31, 2012
|
||||||||||||||||||||||||
| Current | Non-Current | Total | ||||||||||||||||||||||
|
Fair Value
|
Unrealized
Gain/(Loss)
|
Fair Value
|
Unrealized
Gain/(Loss)
|
Fair Value
|
Unrealized
Gain/(Loss)
|
|||||||||||||||||||
|
Certificate of Deposits
|
$ | 501,384 | -- | 480,000 | -- | 981,384 | -- | |||||||||||||||||
|
Mutual Funds
|
-- | -- | -- | -- | -- | -- | ||||||||||||||||||
|
Total
|
$ | 501,384 | -- | 480,000 | -- | 981,384 | -- | |||||||||||||||||
| March 31, 2011 | ||||||||||||||||||||||||
|
Current
|
Non-Current
|
Total
|
||||||||||||||||||||||
|
Fair Value
|
Unrealized
Gain/(Loss)
|
Fair Value
|
Unrealized
Gain/(Loss)
|
Fair Value
|
Unrealized
Gain/(Loss)
|
|||||||||||||||||||
|
Certificate of Deposits
|
$ | 495,625 | -- | -- | -- | 495,625 | -- | |||||||||||||||||
|
Mutual Funds
|
-- | -- | 789,907 | 8,547 | 789,907 | 8,547 | ||||||||||||||||||
|
Total
|
$ | 495,625 | -- | 789,907 | 8,547 | 1,285,532 | 8,547 | |||||||||||||||||
|
March 31, 2012
|
||||||||||||
|
Quoted Prices in
Active Markets for
|
Significant
Other
|
Significant
Unobservable
|
||||||||||
|
Certificate of Deposit
|
$ | 981,384 | -- | -- | ||||||||
|
Mutual Funds
|
$ | -- | -- | -- | ||||||||
|
March 31, 2011
|
||||||||||||
|
Quoted Prices in
Active Markets for
|
Significant
Other
|
Significant
Unobservable
|
||||||||||
|
Certificate of Deposit
|
$ | 495,625 | -- | -- | ||||||||
|
Mutual Funds
|
$ | 789,907 | -- | -- | ||||||||
|
2012
|
2011
|
Increase /
(Decrease)
|
||||||||||
|
Oil and Gas Revenues
|
||||||||||||
|
Oil Royalties
|
$ | 713,175 | $ | 172,791 | $ | 540,384 | ||||||
|
Gas Royalties
|
101,054 | 73,387 | 27,667 | |||||||||
|
Plant Royalties
|
62,411 | 8,275 | 54,136 | |||||||||
|
Lease rentals
|
28,001 | 34,229 | (6,228 | ) | ||||||||
|
Geophysical
|
-- | 7,097 | (7,097 | ) | ||||||||
|
Timber Revenue
|
4,935 | 3,439 | 1,496 | |||||||||
|
Agriculture Revenue
|
25,534 | 7,726 | 17,808 | |||||||||
|
Total Revenue
|
$ | 935,110 | $ | 306,944 | $ | 628,166 | ||||||
|
Three Months
Ended
03/31/12
|
Three Months
Ended
03/31/11
|
|||||||
|
Net oil produced (Bbl)
(2)
|
6,513 | 1,903 | ||||||
|
Average oil sales price (per Bbl)
(1,2)
|
$ | 109.51 | $ | 90.79 | ||||
|
Net gas produced (MCF)
|
25,906 | 17,746 | ||||||
|
Average gas sales price (per MCF)
(1)
|
$ | 3.90 | $ | 4.14 | ||||
|
|
3.1
|
Restated/Articles of Incorporation of the Registrant are incorporated by reference to Exhibit (3)-1 to Form 10 filed April 29, 1981.
|
|
|
3.2
|
Amendment to Articles of Incorporation of the Registrant is incorporated by reference to Exhibit (3.2) to Form 10-K for year ended December 31, 2003.
|
|
|
3.3
|
By-Laws of the Registrant are incorporated by reference to Exhibit (3.3) to Form 10-K for year ended December 31, 2003.
|
|
|
10
|
Contract to Purchase and Sell approximately 3,495 acres in Cameron Parish, Louisiana effective July 3, 2007 is incorporated by reference to Exhibit (10) to Form 10-QSB filed August 13, 2007.
|
|
|
31.1
|
Certification of Joseph K. Cooper, President and Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 filed herewith.
|
|
|
31.2
|
Certification of Brian R. Jones, Treasurer and Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 filed herewith.
|
|
|
32
|
Certifications of Chief Executive Officer and Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 filed herewith.
|
|
101.INS**
|
XBRL Instance
|
|
101.SCH**
|
XBRL Taxonomy Extension Schema
|
|
101.CAL**
|
XBRL Taxonomy Extension Calculation
|
|
101.DEF**
|
XBRL Taxonomy Extension Definition
|
|
101.LAB**
|
XBRL Taxonomy Extension Labels
|
|
101.PRE**
|
XBRL Taxonomy Extension Presentation
|
|
** XBRL
|
Information is furnished and not filed or a part of a registration statement or prospectus for purposes of sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.
|
|
CKX Lands, Inc.
|
|||
|
Date: May 10, 2012
|
|
/s/ Joseph K. Cooper | |
|
Joseph K. Cooper
|
|||
|
President and Chief Executive Officer
|
|||
| Date: May 10, 2012 | /s/ Brian R. Jones | ||
|
Brian R. Jones
|
|||
|
Treasurer and Chief Financial Officer
|
No information found
* THE VALUE IS THE MARKET VALUE AS OF THE LAST DAY OF THE QUARTER FOR WHICH THE 13F WAS FILED.
| FUND | NUMBER OF SHARES | VALUE ($) | PUT OR CALL |
|---|
| DIRECTORS | AGE | BIO | OTHER DIRECTOR MEMBERSHIPS |
|---|
No information found
No Customers Found
No Suppliers Found
Price
Yield
| Owner | Position | Direct Shares | Indirect Shares |
|---|