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Statements of Cash Flows - USD ($)
12 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Jan. 31, 2018
Operating activities      
Royalties received $ 36,531,459 $ 46,705,036 $ 30,470,480
Interest received 296,964 248,667 86,616
Expenses paid (2,239,182) (1,457,039) (1,047,221)
Net cash from operating activities 34,589,241 45,496,664 29,509,875
Investing activities      
Maturities of U.S. Government securities 90,434,386 81,835,668 37,636,412
Sales of U.S. Government securities   99,740  
Purchases of U.S. Government securities (71,644,548) (90,260,269) (60,977,805)
Net cash from (used for) investing activities 18,789,838 (8,324,861) (23,341,393)
Financing activity      
Distributions to unitholders (44,083,234) (36,604,828) (19,548,815)
Net change in cash and cash equivalents 9,295,845 566,975 (13,380,333)
Cash and cash equivalents, beginning of period 881,810 314,835 13,695,168
Cash and cash equivalents, end of period 10,177,655 881,810 314,835
Reconciliation of net income to net cash from operating activities      
Net income 30,055,752 45,559,044 33,423,425
Decrease (increase) in accrued income receivable 2,269,472 (382,969) (1,911,046)
Decrease in contract asset 56,357 42,907 72,142
Decrease (increase) in prepaid expense (13,182) 168 (1,032)
Increase (decrease) in accrued expenses (290,878) 277,514 25,801
Increase (decrease) in contract liability 2,511,720   (2,099,415)
Net cash from operating activities 34,589,241 45,496,664 29,509,875
Non cash financing activity      
Distributions declared and payable $ 9,184,007 $ 18,236,814 $ 15,481,612