CKX 最新10-Q变化

相对上期新增的文字 · 来源:10-Q · 2026-05-08

• On November 18, 2025, the Company sold to Southern Pine Plantations of Georgia, Inc. approximately 6,548 acres of land wholly-owned by the Company in Allen, Beauregard, Calcasieu, Cameron, Jefferson Davis, Natchitoches, Rapides and Sabine Parishes of the State of Louisiana. The Company disclosed the…

• As part of management’s efforts to maximize value for shareholders through the strategic alternative evaluation process, the Company expects to seek to partition, in kind or by sale, ownership of its undivided interests in lands co-owned with others. There can be no assurance that such efforts will …

• In 2019, the Company began developing several ranchette-style subdivisions on certain of its lands in Calcasieu and Beauregard Parishes using existing road rights of way. The Company has identified demand in those areas for ranchette-style lots, which consist of more than three acres each, and the B…

• There were no sales of land during the three months ended March 31, 2026 and 2025.

• The Company’s results of operations for the three months ended March 31, 2026 were driven primarily by decreases in oil and gas revenues, partially offset by increases in surface revenues. The decrease in oil and gas revenue is due to a decline in net oil and gas produced as well as a decline in ave…

相对上期删除的文字 · 来源:10-Q · 2025-11-10

• As part of management’s desire to maximize value for shareholders through this process, the Company expects to seek to partition, in kind or by sale, ownership of its undivided interests in lands co-owned with others. There can be no assurance that the Company will be successful in reaching a negoti…

• As disclosed in the Company’s Current Report on Form 8-K filed on August 15, 2025, and as discussed below, the Company entered into an Agreement of Purchase and Sale on August 14, 2025, for the sale, subject to the terms and conditions set forth in the agreement, of approximately 7,014 acres of land…

• In 2019, the Company began developing several ranchette-style subdivisions on certain of its lands in Calcasieu and Beauregard Parishes using existing road rights of way. The Company has identified demand in those areas for ranchette-style lots, which consist of more than three acres each, and the B…

• The Company is working to identify additional undeveloped acres owned by the Company in Southwest Louisiana that would likewise be suitable for residential subdivisions.

• During 2024, the Company closed on the sale of one 25-acre ranchette lot in which it had a 100% ownership interest for net proceeds to the Company of $140,582. During the nine months ended September 2025, the Company closed on the sale of two 25-acre lots and one 53-acre lot in Calcasieu parish in w…

相对上期新增的文字 · 来源:10-Q · 2026-05-08

• Under the supervision and with the participation of our principal executive and financial officers, we conducted an evaluation of the effectiveness of our internal control over financial reporting as of December 31, 2025. Based on our assessment, our principal executive and financial officers conclu…

• Management’s assessment of the Company’s internal control over financial reporting as of December 31, 2025 determined that the following material weaknesses exist:

• There were inadequate controls over the proper classification of cash equivalents and short-term investments.

• There were inadequate controls over proper accounting for income taxes

• There were inadequate controls over proper accounting on the basis of land holdings

相对上期删除的文字 · 来源:10-Q · 2025-11-10

• There were no changes in the Company’s internal control over financial reporting during the three months ended September 30, 2025 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.