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Statements of Cash Flows
12 Months Ended
Jan. 31, 2019
USD ($)
Operating activities  
Royalties received $ 46,705,036
Interest received 248,667
Expenses paid (1,457,039)
Net cash from operating activities 45,496,664
Investing activities  
Maturities of U.S. Government securities 81,835,668
Sales of U.S. Government securities 99,740
Purchases of U.S. Government securities (90,260,269)
Net cash used for investing activities (8,324,861)
Financing activity  
Distributions to unitholders (36,604,828)
Net change in cash and cash equivalents 566,975
Cash and cash equivalents, beginning of period 314,835
Cash and cash equivalents, end of period 881,810
Reconciliation of net income to net cash from operating activities  
Net income 45,559,044
Decrease (increase) in accrued income receivable (382,969)
Decrease (increase) in contract asset 42,907
Decrease (increase) in prepaid expense 168
Increase (decrease) in accrued expenses 277,514
Net cash from operating activities 45,496,664
Non cash financing activity  
Distributions declared and payable $ 18,236,814