SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Apr. 30, 2020

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of disaggregation of revenue

	Three Months Ended April 30,
	2020		2019
Base overriding royalties	$	1,182,012	$	3,068,019
Bonus royalties		779,712		2,106,957
Fee royalties		173,770		186,814
Total royalty income	$	2,135,494	$	5,361,790