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Condensed Statements of Cash Flows - USD ($)
3 Months Ended
Apr. 30, 2017
Apr. 30, 2016
Operating activities    
Royalties received $ 366,840 $ 1,172,787
Interest received 3,545 1,574
Expenses paid (301,911) (470,953)
Net cash from operating activities 68,474 703,408
Investing activities    
Maturities of U.S. Government securities 82,628 5,585,240
Financing activity    
Distributions to unitholders (1,836,801) (656,001)
Net change in cash and cash equivalents (1,685,699) 5,632,647
Cash and cash equivalents, beginning of year 13,695,168 2,587,165
Cash and cash equivalents, end of period 12,009,469 8,219,812
Reconciliation of net income to net cash from operating activities    
Net income 3,361,707 (430,252)
Decrease (increase) in accrued income receivable (1,186,953) 976,851
Decrease (increase) in prepaid expense (11,369) (5,493)
Increase (decrease) in accrued expenses 4,504 (94,762)
Increase in deferred royalty revenue (2,099,415) 257,064
Net cash from operating activities 68,474 703,408
Non cash financing activity    
Distributions declared and payable $ 7,216,006 $ 2,624,002