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Statements Of Income (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
REVENUES      
Royalties $ 26,614,880 $ 20,633,285 $ 14,565,946
Interest earned 48,230 74,734 158,020
Rent and other income 75,429 157,787 102,977
TOTAL REVENUES 26,738,539 20,865,806 14,826,943
EXPENSES      
Royalty costs 4,623 4,623 4,623
Real estate and payroll taxes 190,042 169,792 166,572
Inspection and care of properties 596,476 590,463 556,910
Administrative and general 2,280,596 2,018,365 2,048,565
Depreciation and amortization 618,991 613,721 601,769
TOTAL EXPENSES 3,690,728 3,396,964 3,378,439
NET INCOME $ 23,047,811 $ 17,468,842 $ 11,448,504
WEIGHTED-AVERAGE SHARES OUTSTANDING 1,500,000 1,500,000 1,500,000
BASIC AND DILUTED EARNINGS PER SHARE $ 15.37 $ 11.65 $ 7.63