CKX Lands Inc 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch 31, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number1-31905 CKX Lands, Inc. (Exact name of registrant as specified in its charter) 72-0144530 Louisiana(State or other jurisdiction of incorporationor organization) (I.R.S. Employer Identification No.) 2417 Shell Beach DriveLake Charles, LA(Address of principal executive offices) (337) 493-2399(Registrant’s telephone number) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large acceleratedfiler☐Non- acceleratedfiler☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:2,053,129 shares of common stock are issued and outstanding as of May 7, 2026. TABLE OF CONTENTS PART I.FINANCIAL INFORMATIONITEM 1.FINANCIAL STATEMENTSBALANCE SHEETSASOF MARCH 31, 2026AND DECEMBER 31, 2025 (UNAUDITED)STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025(UNAUDITED)STATEMENTS OF CHANGES IN STOCKHOLDERS’EQUITY FOR THE THREE MONTHS ENDEDMARCH 31, 2026 AND 2025 (UNAUDITED)STATEMENTS OF CASH FLOWSFOR THE THREE MONTHSENDED MARCH 31, 2026 AND 2025(UNAUDITED)NOTES TO FINANCIAL STATEMENTS AS OF MARCH 31, 2026 (UNAUDITED)1ITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS6ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK11ITEM 4.CONTROLS AND PROCEDURES11PART II. OTHER INFORMATIONITEM 1LEGAL PROCEEDINGS12ITEM 1A. RISK FACTORS12ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS12ITEM 3.DEFAULTS UPON SENIOR SECURITIES12ITEM 4.MINE SAFETY DISCLOSURES12ITEM 5.OTHER INFORMATION12ITEM 6.EXHIBITS12SIGNATURES13 CKX LANDS, INC.BALANCE SHEETS(Unaudited) CKX LANDS, INC.STATEMENTS OF OPERATIONS(Unaudited) CKX LANDS, INC.STATEMENTS OF CASH FLOWS(Unaudited) CKX LANDS, INC.NOTES TO UNAUDITED FINANCIAL STATEMENTS The “Company,” “we,” “us,” and “our,” refer to CKX Lands, Inc. Significant Accounting Policies and Recent Accounting Pronouncements Note 1: Significant Accounting Policies Basis of Presentation The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accountingprinciples generally accepted in the United States of America, pursuant to the rules and regulations of the Securities and ExchangeCommission. Certain information and footnote disclosures have been omitted pursuant to such rules and regulations. In the opinionof management, the accompanying financial statements include normal recurring adjustments that are necessary for a fairpresentation of the results for the interim periods presented. These financial statements should be read in conjunction with ouraudited financial statements and notes thereto for the fiscal year ended December 31, 2025 included in our Annual Report on Form10-K. The results of operations for the three months ended March 31, 2026 are not necessarily indicative of results to be expectedfor the full fiscal year or any other periods. The preparation of the financial statements in conformity with U.S. generally accepted accounting principles requires managementto make a number of estimates and judgments that affect the reported amounts of assets, liabilities, expenses, and relateddisclosures. Actual results may differ from these estimates. Concentration of Credit Risk The Company maintains its cash balances in six financial institutions. At times, cash balances may exceed