9 part iii item 10. directors , executive officers , and corporate governance th e information required by item 10 as to directors , nominees for directors , reports under section 16 of the securities exchange act of 1934 , the registrant 's audit committee and an audit committee financial expert is included in the registrant 's definitive proxy statement to be filed pursuant to section 14 ( a ) of the securities exchange act of 1934 and is incorporated herein by reference . executive officers of registrant are as follows : name age position with registrant brian r. jones 57 president , treasurer and director lee w. boyer 60 secretary and director the occupations of such executive officers during the last five years and other principal affiliations are : name occupations brian r. jones president since april 25 , 2013 , treasurer and director since december 1 , 2006 ; managing member of brian r. jones cpa , llc . lee w. boyer secretary since 2017 and director since 2016. attorney with stockwell , sievert , viccellio , clements & shaddock , l.l.p . ; president , second university homesites , inc. ; manager , jones-boyer , llc ; manager , boyer properties , llc ; director , mallard bay , corp. directors , principal occupation or experience , and related business name and activity follows : name age experience and qualifications director since lee w. boyer 60 secretary of ckx lands , inc. ; attorney with stockwell , sievert , viccellio , clements & shaddock , l.l.p . ; president , second university homesites , inc. ; manager , jones-boyer , llc ; manager , boyer properties , llc ; director , mallard bay , corp. mr. boyer 's experience in land management and oil and gas leasing activities makes him qualified to serve as a director . 2016 max h. hart ( 1 ) ( 2 ) 59 principal , haas-hirsch interests . mr. hart 's experience in land management , oil and gas leasing activities , forestry , farming and rights of way makes him qualified to serve as a director . 2016 brian r. jones 57 president and chairman of the board of ckx lands , inc. since 2013 and treasurer of ckx lands , inc. since 2006 ; managing member of brian r. jones cpa , llc . mr. jones ' experience in public accounting , sec compliance and land management makes him qualified to serve as a director . 2007 10 director schedule ( continued ) : name age experience and qualifications director since eugene t. minvielle , iv ( 1 ) 44 chief financial officer and treasurer of marlin energy , llc . mr. minvielle 's experience in oil and gas and financial reporting makes him qualified to serve as a director . 2017 mary watkins savoy ( 1 ) ( 2 ) ( 3 ) 78 private investments ; director of mallard bay corp. mrs. savoy 's experience in land management and oil and gas leasing activities makes her qualified to serve as a director . 1998 charles d. viccellio 84 attorney ( retired ) , stockwell , sievert , viccellio , clements & shaddock , l.l.p . mr. viccellio 's extensive legal experience in land management and oil and gas activities makes him qualified to serve as a director . 1996 mary leach werner ( 2 ) ( 3 ) 50 vice president and director of north american land co. , inc. ; vice president and director of sweet lake land & oil co. , inc. mrs. werner 's experience in land management and oil and gas activities makes her qualified to serve as a director . 2004 michael b. white ( 3 ) 61 oil and gas ventures , farmland and timberland investments , sole manager of ottley properties , llc . mr. white 's experience in oil and gas , farmland and timberland makes him qualified to serve as a director . 2013 member of the ( 1 ) audit committee , ( 2 ) compensation committee , ( 3 ) nominating committee . stockwell , sievert , viccellio , clements & shaddock , l.l.p . is a law firm . second university homesites , inc. jones-boyer , llc , and boyer properties , llc are residential property management companies . mallard bay corp. , haas-hirsch interests , north american land co. , inc. , and sweet lake land & oil co. , inc. are all land management companies . marlin energy , llc is an upstream oil and gas company . ottley properties , llc is an investment holding company . brian r. jones cpa , llc is a cpa firm . mrs. savoy is mr. boyer 's aunt . there are no other family relationships between any of our directors and executive officers , or any arrangement or understanding between any of our executive officers and any other person pursuant to which any executive officer was appointed to his office . the board of directors has determined that director nominees boyer , hart , savoy , werner , and white are “ independent directors ” as defined under the rules of the nyse mkt . the company has adopted a code of ethics that applies to officers , directors and employees . a copy of the code of ethics will be provided by writing the president at p.o . box 1864 , lake charles , louisiana 70602 or obtained through the company 's website , www.ckxlands.com . item 11. executive compensation the information required by item 11 is included in the registrant 's definitive proxy statement to be filed pursuant to section 14 ( a ) of the securities and exchange act of 1934 and is incorporated herein by reference . 11 item 12. security ownership of certain beneficial owners and management and related stockholder matters the information required by item 12 is included in the registrant 's definitive proxy statement to be filed pursuant to story_separator_special_tag 9 part iii item 10. directors , executive officers , and corporate governance th e information required by item 10 as to directors , nominees for directors , reports under section 16 of the securities exchange act of 1934 , the registrant 's audit committee and an audit committee financial expert is included in the registrant 's definitive proxy statement to be filed pursuant to section 14 ( a ) of the securities exchange act of 1934 and is incorporated herein by reference . executive officers of registrant are as follows : name age position with registrant brian r. jones 57 president , treasurer and director lee w. boyer 60 secretary and director the occupations of such executive officers during the last five years and other principal affiliations are : name occupations brian r. jones president since april 25 , 2013 , treasurer and director since december 1 , 2006 ; managing member of brian r. jones cpa , llc . lee w. boyer secretary since 2017 and director since 2016. attorney with stockwell , sievert , viccellio , clements & shaddock , l.l.p . ; president , second university homesites , inc. ; manager , jones-boyer , llc ; manager , boyer properties , llc ; director , mallard bay , corp. directors , principal occupation or experience , and related business name and activity follows : name age experience and qualifications director since lee w. boyer 60 secretary of ckx lands , inc. ; attorney with stockwell , sievert , viccellio , clements & shaddock , l.l.p . ; president , second university homesites , inc. ; manager , jones-boyer , llc ; manager , boyer properties , llc ; director , mallard bay , corp. mr. boyer 's experience in land management and oil and gas leasing activities makes him qualified to serve as a director . 2016 max h. hart ( 1 ) ( 2 ) 59 principal , haas-hirsch interests . mr. hart 's experience in land management , oil and gas leasing activities , forestry , farming and rights of way makes him qualified to serve as a director . 2016 brian r. jones 57 president and chairman of the board of ckx lands , inc. since 2013 and treasurer of ckx lands , inc. since 2006 ; managing member of brian r. jones cpa , llc . mr. jones ' experience in public accounting , sec compliance and land management makes him qualified to serve as a director . 2007 10 director schedule ( continued ) : name age experience and qualifications director since eugene t. minvielle , iv ( 1 ) 44 chief financial officer and treasurer of marlin energy , llc . mr. minvielle 's experience in oil and gas and financial reporting makes him qualified to serve as a director . 2017 mary watkins savoy ( 1 ) ( 2 ) ( 3 ) 78 private investments ; director of mallard bay corp. mrs. savoy 's experience in land management and oil and gas leasing activities makes her qualified to serve as a director . 1998 charles d. viccellio 84 attorney ( retired ) , stockwell , sievert , viccellio , clements & shaddock , l.l.p . mr. viccellio 's extensive legal experience in land management and oil and gas activities makes him qualified to serve as a director . 1996 mary leach werner ( 2 ) ( 3 ) 50 vice president and director of north american land co. , inc. ; vice president and director of sweet lake land & oil co. , inc. mrs. werner 's experience in land management and oil and gas activities makes her qualified to serve as a director . 2004 michael b. white ( 3 ) 61 oil and gas ventures , farmland and timberland investments , sole manager of ottley properties , llc . mr. white 's experience in oil and gas , farmland and timberland makes him qualified to serve as a director . 2013 member of the ( 1 ) audit committee , ( 2 ) compensation committee , ( 3 ) nominating committee . stockwell , sievert , viccellio , clements & shaddock , l.l.p . is a law firm . second university homesites , inc. jones-boyer , llc , and boyer properties , llc are residential property management companies . mallard bay corp. , haas-hirsch interests , north american land co. , inc. , and sweet lake land & oil co. , inc. are all land management companies . marlin energy , llc is an upstream oil and gas company . ottley properties , llc is an investment holding company . brian r. jones cpa , llc is a cpa firm . mrs. savoy is mr. boyer 's aunt . there are no other family relationships between any of our directors and executive officers , or any arrangement or understanding between any of our executive officers and any other person pursuant to which any executive officer was appointed to his office . the board of directors has determined that director nominees boyer , hart , savoy , werner , and white are “ independent directors ” as defined under the rules of the nyse mkt . the company has adopted a code of ethics that applies to officers , directors and employees . a copy of the code of ethics will be provided by writing the president at p.o . box 1864 , lake charles , louisiana 70602 or obtained through the company 's website , www.ckxlands.com . item 11. executive compensation the information required by item 11 is included in the registrant 's definitive proxy statement to be filed pursuant to section 14 ( a ) of the securities and exchange act of 1934 and is incorporated herein by reference . 11 item 12. security ownership of certain beneficial owners and management and related stockholder matters the information required by item 12 is included in the registrant 's definitive proxy statement to be filed pursuant to

additional sources of liquidity include the company 's available bank line of credit for $ 1,000,000. the company has no outstanding balance nor does it plan to draw on this line of credit . the company does not include this line of credit availability when assessing the adequacy of liquidity or capital resources for projected operations or possible land purchases . critical accounting policies the preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods . actual results could differ from those estimates . the most significant accounting estimates inherent in the preparation of our financial statements include the following items : our accounts receivable consists of incomes received after year end for royalties produced prior to year-end . when there are royalties that have not been received at the time of the preparation of the financial statements for months in the prior year , we estimate the amount to be received based on the last month 's royalties that were received from that particular company . we do not maintain an allowance for doubtful accounts because other than the accrual for earned but not received royalties , we have no accounts receivable .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```additional sources of liquidity include the company 's available bank line of credit for $ 1,000,000. the company has no outstanding balance nor does it plan to draw on this line of credit . the company does not include this line of credit availability when assessing the adequacy of liquidity or capital resources for projected operations or possible land purchases . critical accounting policies the preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods . actual results could differ from those estimates . the most significant accounting estimates inherent in the preparation of our financial statements include the following items : our accounts receivable consists of incomes received after year end for royalties produced prior to year-end . when there are royalties that have not been received at the time of the preparation of the financial statements for months in the prior year , we estimate the amount to be received based on the last month 's royalties that were received from that particular company . we do not maintain an allowance for doubtful accounts because other than the accrual for earned but not received royalties , we have no accounts receivable .
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 Suspicious Activity Report : 9 part iii item 10. directors , executive officers , and corporate governance th e information required by item 10 as to directors , nominees for directors , reports under section 16 of the securities exchange act of 1934 , the registrant 's audit committee and an audit committee financial expert is included in the registrant 's definitive proxy statement to be filed pursuant to section 14 ( a ) of the securities exchange act of 1934 and is incorporated herein by reference . executive officers of registrant are as follows : name age position with registrant brian r. jones 57 president , treasurer and director lee w. boyer 60 secretary and director the occupations of such executive officers during the last five years and other principal affiliations are : name occupations brian r. jones president since april 25 , 2013 , treasurer and director since december 1 , 2006 ; managing member of brian r. jones cpa , llc . lee w. boyer secretary since 2017 and director since 2016. attorney with stockwell , sievert , viccellio , clements & shaddock , l.l.p . ; president , second university homesites , inc. ; manager , jones-boyer , llc ; manager , boyer properties , llc ; director , mallard bay , corp. directors , principal occupation or experience , and related business name and activity follows : name age experience and qualifications director since lee w. boyer 60 secretary of ckx lands , inc. ; attorney with stockwell , sievert , viccellio , clements & shaddock , l.l.p . ; president , second university homesites , inc. ; manager , jones-boyer , llc ; manager , boyer properties , llc ; director , mallard bay , corp. mr. boyer 's experience in land management and oil and gas leasing activities makes him qualified to serve as a director . 2016 max h. hart ( 1 ) ( 2 ) 59 principal , haas-hirsch interests . mr. hart 's experience in land management , oil and gas leasing activities , forestry , farming and rights of way makes him qualified to serve as a director . 2016 brian r. jones 57 president and chairman of the board of ckx lands , inc. since 2013 and treasurer of ckx lands , inc. since 2006 ; managing member of brian r. jones cpa , llc . mr. jones ' experience in public accounting , sec compliance and land management makes him qualified to serve as a director . 2007 10 director schedule ( continued ) : name age experience and qualifications director since eugene t. minvielle , iv ( 1 ) 44 chief financial officer and treasurer of marlin energy , llc . mr. minvielle 's experience in oil and gas and financial reporting makes him qualified to serve as a director . 2017 mary watkins savoy ( 1 ) ( 2 ) ( 3 ) 78 private investments ; director of mallard bay corp. mrs. savoy 's experience in land management and oil and gas leasing activities makes her qualified to serve as a director . 1998 charles d. viccellio 84 attorney ( retired ) , stockwell , sievert , viccellio , clements & shaddock , l.l.p . mr. viccellio 's extensive legal experience in land management and oil and gas activities makes him qualified to serve as a director . 1996 mary leach werner ( 2 ) ( 3 ) 50 vice president and director of north american land co. , inc. ; vice president and director of sweet lake land & oil co. , inc. mrs. werner 's experience in land management and oil and gas activities makes her qualified to serve as a director . 2004 michael b. white ( 3 ) 61 oil and gas ventures , farmland and timberland investments , sole manager of ottley properties , llc . mr. white 's experience in oil and gas , farmland and timberland makes him qualified to serve as a director . 2013 member of the ( 1 ) audit committee , ( 2 ) compensation committee , ( 3 ) nominating committee . stockwell , sievert , viccellio , clements & shaddock , l.l.p . is a law firm . second university homesites , inc. jones-boyer , llc , and boyer properties , llc are residential property management companies . mallard bay corp. , haas-hirsch interests , north american land co. , inc. , and sweet lake land & oil co. , inc. are all land management companies . marlin energy , llc is an upstream oil and gas company . ottley properties , llc is an investment holding company . brian r. jones cpa , llc is a cpa firm . mrs. savoy is mr. boyer 's aunt . there are no other family relationships between any of our directors and executive officers , or any arrangement or understanding between any of our executive officers and any other person pursuant to which any executive officer was appointed to his office . the board of directors has determined that director nominees boyer , hart , savoy , werner , and white are “ independent directors ” as defined under the rules of the nyse mkt . the company has adopted a code of ethics that applies to officers , directors and employees . a copy of the code of ethics will be provided by writing the president at p.o . box 1864 , lake charles , louisiana 70602 or obtained through the company 's website , www.ckxlands.com . item 11. executive compensation the information required by item 11 is included in the registrant 's definitive proxy statement to be filed pursuant to section 14 ( a ) of the securities and exchange act of 1934 and is incorporated herein by reference . 11 item 12. security ownership of certain beneficial owners and management and related stockholder matters the information required by item 12 is included in the registrant 's definitive proxy statement to be filed pursuant to story_separator_special_tag 9 part iii item 10. directors , executive officers , and corporate governance th e information required by item 10 as to directors , nominees for directors , reports under section 16 of the securities exchange act of 1934 , the registrant 's audit committee and an audit committee financial expert is included in the registrant 's definitive proxy statement to be filed pursuant to section 14 ( a ) of the securities exchange act of 1934 and is incorporated herein by reference . executive officers of registrant are as follows : name age position with registrant brian r. jones 57 president , treasurer and director lee w. boyer 60 secretary and director the occupations of such executive officers during the last five years and other principal affiliations are : name occupations brian r. jones president since april 25 , 2013 , treasurer and director since december 1 , 2006 ; managing member of brian r. jones cpa , llc . lee w. boyer secretary since 2017 and director since 2016. attorney with stockwell , sievert , viccellio , clements & shaddock , l.l.p . ; president , second university homesites , inc. ; manager , jones-boyer , llc ; manager , boyer properties , llc ; director , mallard bay , corp. directors , principal occupation or experience , and related business name and activity follows : name age experience and qualifications director since lee w. boyer 60 secretary of ckx lands , inc. ; attorney with stockwell , sievert , viccellio , clements & shaddock , l.l.p . ; president , second university homesites , inc. ; manager , jones-boyer , llc ; manager , boyer properties , llc ; director , mallard bay , corp. mr. boyer 's experience in land management and oil and gas leasing activities makes him qualified to serve as a director . 2016 max h. hart ( 1 ) ( 2 ) 59 principal , haas-hirsch interests . mr. hart 's experience in land management , oil and gas leasing activities , forestry , farming and rights of way makes him qualified to serve as a director . 2016 brian r. jones 57 president and chairman of the board of ckx lands , inc. since 2013 and treasurer of ckx lands , inc. since 2006 ; managing member of brian r. jones cpa , llc . mr. jones ' experience in public accounting , sec compliance and land management makes him qualified to serve as a director . 2007 10 director schedule ( continued ) : name age experience and qualifications director since eugene t. minvielle , iv ( 1 ) 44 chief financial officer and treasurer of marlin energy , llc . mr. minvielle 's experience in oil and gas and financial reporting makes him qualified to serve as a director . 2017 mary watkins savoy ( 1 ) ( 2 ) ( 3 ) 78 private investments ; director of mallard bay corp. mrs. savoy 's experience in land management and oil and gas leasing activities makes her qualified to serve as a director . 1998 charles d. viccellio 84 attorney ( retired ) , stockwell , sievert , viccellio , clements & shaddock , l.l.p . mr. viccellio 's extensive legal experience in land management and oil and gas activities makes him qualified to serve as a director . 1996 mary leach werner ( 2 ) ( 3 ) 50 vice president and director of north american land co. , inc. ; vice president and director of sweet lake land & oil co. , inc. mrs. werner 's experience in land management and oil and gas activities makes her qualified to serve as a director . 2004 michael b. white ( 3 ) 61 oil and gas ventures , farmland and timberland investments , sole manager of ottley properties , llc . mr. white 's experience in oil and gas , farmland and timberland makes him qualified to serve as a director . 2013 member of the ( 1 ) audit committee , ( 2 ) compensation committee , ( 3 ) nominating committee . stockwell , sievert , viccellio , clements & shaddock , l.l.p . is a law firm . second university homesites , inc. jones-boyer , llc , and boyer properties , llc are residential property management companies . mallard bay corp. , haas-hirsch interests , north american land co. , inc. , and sweet lake land & oil co. , inc. are all land management companies . marlin energy , llc is an upstream oil and gas company . ottley properties , llc is an investment holding company . brian r. jones cpa , llc is a cpa firm . mrs. savoy is mr. boyer 's aunt . there are no other family relationships between any of our directors and executive officers , or any arrangement or understanding between any of our executive officers and any other person pursuant to which any executive officer was appointed to his office . the board of directors has determined that director nominees boyer , hart , savoy , werner , and white are “ independent directors ” as defined under the rules of the nyse mkt . the company has adopted a code of ethics that applies to officers , directors and employees . a copy of the code of ethics will be provided by writing the president at p.o . box 1864 , lake charles , louisiana 70602 or obtained through the company 's website , www.ckxlands.com . item 11. executive compensation the information required by item 11 is included in the registrant 's definitive proxy statement to be filed pursuant to section 14 ( a ) of the securities and exchange act of 1934 and is incorporated herein by reference . 11 item 12. security ownership of certain beneficial owners and management and related stockholder matters the information required by item 12 is included in the registrant 's definitive proxy statement to be filed pursuant to

