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Statements of Cash Flows - USD ($)
3 Months Ended
Apr. 30, 2019
Apr. 30, 2018
Operating activities    
Royalties received $ 3,149,582 $ 2,997,561
Interest received 40,324 16,755
Expenses paid (817,592) (299,716)
Net cash from operating activities 2,372,314 2,714,600
Investing activities    
Maturities of U.S. Government securities 18,236,603 15,853,108
Purchases of U.S. Government securities (2,803,492) (371,452)
Net cash used for investing activities 15,433,111 15,481,656
Financing activity    
Distributions to unitholders (18,236,814) (15,481,612)
Net change in cash and cash equivalents (431,389) 2,714,644
Cash and cash equivalents, beginning of period 881,810 314,835
Cash and cash equivalents, end of period 450,421 3,029,479
Reconciliation of net income to net cash from operating activities    
Net income 4,910,288 6,315,848
Increase in accrued income receivable (1,038,520) (2,338,568)
Increase in contract asset (1,238,447) (1,331,163)
Increase in prepaid expense (16,613) (14,511)
Increase (decrease) in accrued expenses (244,394) 82,994
Net cash from operating activities 2,372,314 2,714,600
Non cash financing activity    
Distributions declared and payable $ 11,676,809 $ 5,904,005