XML 15 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Statements of Cash Flows - USD ($)
6 Months Ended
Jul. 31, 2018
Jul. 31, 2017
Operating activities    
Royalties received $ 16,056,417 $ 8,723,576
Interest received 51,515 12,571
Expenses paid (735,803) (670,622)
Net cash from operating activities 15,372,129 8,065,525
Investing activities    
Maturities of U.S. Government securities 24,168,903 82,628
Purchases of U.S. Government securities (18,273,425) (1,993,386)
Net cash from (used for) investing activities 5,895,478 (1,910,758)
Financing activity    
Distributions to unitholders (21,385,616) (9,052,807)
Net change in cash and cash equivalents (118,009) (2,898,040)
Cash and cash equivalents, beginning of period 314,835 13,695,168
Cash and cash equivalents, end of period 196,826 10,797,128
Reconciliation of net income to net cash from operating activities    
Net income 25,187,303 18,468,879
Increase in accrued income receivable (6,820,424) (6,175,819)
Increase in contract asset (2,907,643) (1,993,037)
Increase in prepaid expense (97,625) (86,177)
Increase (decrease) in accrued expenses 10,518 (48,906)
Decrease in contract liability   (2,099,415)
Net cash from operating activities 15,372,129 8,065,525
Non cash financing activity    
Distributions declared and payable $ 2,886,402 $ 2,099,202