Yes, it looks like they're still buying more property.
Quarterly reports do not have to be audited so there is no need to spend the extra money - this show prudence by Scott in keeping the professional fees in check.
The amount of disclosure on the capital stock is not for any purpose. I feel that these statements are issued for a specific purpose other than for quarterly reporting. Potential partners or financiers like to see continuous disclosure and reporting, especially from pinksheet companies.