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Statements of Cash Flows - USD ($)
6 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Operating activities    
Royalties received $ 15,025,100 $ 16,056,417
Interest received 137,704 51,515
Expenses paid (1,315,916) (735,803)
Net cash from operating activities 13,846,888 15,372,129
Investing activities    
Maturities of U.S. Government securities 32,122,312 24,168,903
Purchases of U.S. Government securities (16,484,759) (18,273,425)
Net cash from investing activities 15,637,553 5,895,478
Financing activity    
Distributions to unitholders (29,913,623) (21,385,616)
Net change in cash and cash equivalents (429,182) (118,009)
Cash and cash equivalents, beginning of period 881,810 314,835
Cash and cash equivalents, end of period 452,628 196,826
Reconciliation of net income to net cash from operating activities    
Net income 18,821,975 25,187,303
Increase in accrued income receivable (1,481,571) (6,820,424)
Increase in contract asset (3,166,721) (2,907,643)
Increase in prepaid expense (116,226) (97,625)
Increase (decrease) in accrued expenses (210,569) 10,518
Net cash from operating activities 13,846,888 15,372,129
Non cash financing activity    
Distributions declared and payable $ 2,755,202 $ 2,886,402