XML 31 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
Statements Of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
OPERATING ACTIVITIES      
Cash received from royalties and rents $ 19,437,395us-gaap_ProceedsFromRoyaltiesReceived $ 18,551,641us-gaap_ProceedsFromRoyaltiesReceived $ 27,961,480us-gaap_ProceedsFromRoyaltiesReceived
Cash paid to suppliers and employees (5,079,787)us-gaap_PaymentsToSuppliersAndEmployees (3,951,959)us-gaap_PaymentsToSuppliersAndEmployees (3,469,871)us-gaap_PaymentsToSuppliersAndEmployees
Interest received 29,478us-gaap_ProceedsFromInterestReceived 67,290us-gaap_ProceedsFromInterestReceived 55,865us-gaap_ProceedsFromInterestReceived
NET CASH PROVIDED BY OPERATING ACTIVITIES 14,387,086us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 14,666,972us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 24,547,474us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
INVESTING ACTIVITIES      
United States Treasury securities purchased (6,250,000)us-gaap_PaymentsToAcquireHeldToMaturitySecurities (5,275,000)us-gaap_PaymentsToAcquireHeldToMaturitySecurities (10,550,000)us-gaap_PaymentsToAcquireHeldToMaturitySecurities
United States Treasury securities matured 7,050,000us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities 9,600,000us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities 7,675,000us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
Expenditures for building and equipment   (23,206)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (29,990)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 800,000us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations 4,301,794us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (2,904,990)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
FINANCING ACTIVITIES      
Distributions paid (15,000,000)us-gaap_PaymentsOfDividends (18,900,000)us-gaap_PaymentsOfDividends (21,750,000)us-gaap_PaymentsOfDividends
NET CASH USED IN FINANCING ACTIVITIES (15,000,000)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (18,900,000)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (21,750,000)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 187,086us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 68,766us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (107,516)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 712,197us-gaap_CashAndCashEquivalentsAtCarryingValue 643,431us-gaap_CashAndCashEquivalentsAtCarryingValue 750,947us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS AT END OF YEAR 899,283us-gaap_CashAndCashEquivalentsAtCarryingValue 712,197us-gaap_CashAndCashEquivalentsAtCarryingValue 643,431us-gaap_CashAndCashEquivalentsAtCarryingValue
RECONCILIATION OF NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES      
Net income 13,123,533us-gaap_NetIncomeLoss 14,790,714us-gaap_NetIncomeLoss 20,068,433us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 749,900us-gaap_DepreciationDepletionAndAmortization 744,071us-gaap_DepreciationDepletionAndAmortization 732,379us-gaap_DepreciationDepletionAndAmortization
Net periodic pension cost (Note 7) 464,549us-gaap_PensionExpense 776,646us-gaap_PensionExpense 690,387us-gaap_PensionExpense
Pension contribution (Note 7) (1,679,091)us-gaap_PensionContributions (1,315,301)us-gaap_PensionContributions (799,918)us-gaap_PensionContributions
Net decrease (increase) in assets:      
Accrued interest 16,748us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet 46,338us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet 19,115us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet
Royalties receivable 1,489,869us-gaap_IncreaseDecreaseInReceivables (378,796)us-gaap_IncreaseDecreaseInReceivables 3,842,178us-gaap_IncreaseDecreaseInReceivables
Net increase (decrease) in liabilities:      
Accounts payable and accrued expenses 195,578us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (11,900)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (24,600)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Deferred compensation 26,000us-gaap_IncreaseDecreaseInDeferredCompensation 15,200us-gaap_IncreaseDecreaseInDeferredCompensation 19,500us-gaap_IncreaseDecreaseInDeferredCompensation
NET CASH PROVIDED BY OPERATING ACTIVITIES $ 14,387,086us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $ 14,666,972us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $ 24,547,474us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations