XML 37 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Balance Sheets (USD $)
Jun. 30, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 519,571 $ 643,431
United States Treasury securities 6,007,129 8,427,807
Royalties receivable 4,736,398 4,070,111
Prepaid expenses 53,462 2,110
TOTAL CURRENT ASSETS 11,316,560 13,143,459
NONCURRENT ASSETS    
United States Treasury securities 3,337,604 4,295,457
PROPERTIES    
Mineral and surface lands 39,479,708 39,479,708
Accumulated depletion and amortization (38,245,177) (37,897,777)
Mineral and surface lands, net 1,234,531 1,581,931
Building and equipment 335,568 334,538
Accumulated depreciation (253,012) (236,671)
Building and equipment, net 82,556 97,867
TOTAL PROPERTIES 1,317,087 1,679,798
TOTAL ASSETS 15,971,251 19,118,714
CURRENT LIABILITIES    
Accounts payable and accrued expenses 109,913 104,256
Distributions 3,750,000 7,875,000
TOTAL CURRENT LIABILITIES 3,859,913 7,979,256
NONCURRENT LIABILITIES    
Deferred compensation 229,100 229,100
Liability for pension benefits 1,559,514 1,511,694
TOTAL NONCURRENT LIABILITIES 1,788,614 1,740,794
TOTAL LIABILITIES 5,648,527 9,720,050
BENEFICIARIES' EQUITY, including certificate holders' equity, represented by 1,500,000 certificates (shares or units) of beneficial interest authorized and outstanding, and the reversionary interest 12,404,330 11,820,773
Accumulated other comprehensive loss (2,081,606) (2,422,109)
TOTAL BENEFICIARIES' EQUITY 10,322,724 9,398,664
TOTAL LIABILITIES AND BENEFICIARIES' EQUITY $ 15,971,251 $ 19,118,714