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Condensed Statements of Cash Flows - USD ($)
12 Months Ended
Jan. 31, 2017
Jan. 31, 2016
Jan. 31, 2015
Operating activities      
Royalties received $ 13,702,276 $ 9,294,808 $ 25,576,105
Interest received 5,541 6,939 8,878
Expenses paid (1,124,467) (1,080,534) (1,313,881)
Net cash from operating activities 12,583,350 8,221,213 24,271,102
Investing activities      
Maturities of U.S. Government securities 5,740,659 510,573 205,056
Purchases of U.S. Government securities   (5,940,958) (255,760)
Net cash used for investing activities 5,740,659 (5,430,385) (50,704)
Financing activity      
Distributions to unitholders (7,216,006) (8,921,606) (23,222,418)
Net change in cash and cash equivalents 11,108,003 (6,130,778) 997,980
Cash and cash equivalents, beginning of year 2,587,165 8,717,943 7,719,963
Cash and cash equivalents, end of period 13,695,168 2,587,165 8,717,943
Reconciliation of net income to net cash from operating activities      
Net income 9,613,112 8,558,841 24,767,848
Decrease (increase) in accrued income receivable 933,101 (419,761) (495,132)
Decrease (increase) in prepaid expense 1,322 27 (7)
Increase (decrease) in accrued expenses (63,600) 82,106 (1,607)
Increase in deferred royalty revenue 2,099,415    
Net cash from operating activities 12,583,350 8,221,213 24,271,102
Non cash financing activity      
Distributions declared and payable $ 1,836,801 $ 656,001 $ 8,396,806