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Statements of Cash Flows - USD ($)
3 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Operating activities    
Royalties received $ 449,496 $ 3,149,582
Interest received 37,314 40,324
Expenses paid (529,257) (817,592)
Net cash from (used for) operating activities (42,447) 2,372,314
Investing activities    
Maturities of U.S. Government securities 26,899,691 18,236,603
Purchases of U.S. Government securities (13,567,217) (2,803,492)
Net cash from investing activities 13,332,474 15,433,111
Financing activity    
Distributions to unitholders (9,184,007) (18,236,814)
Net change in cash and cash equivalents 4,106,020 (431,389)
Cash and cash equivalents, beginning of period 10,177,655 881,810
Cash and cash equivalents, end of period 14,283,675 450,421
Reconciliation of net income to net cash from operating activities    
Net income 1,611,621 4,910,288
Decrease (increase) in accrued income receivable 38,605 (1,038,520)
Increase in contract asset   (1,238,447)
Increase in prepaid expense (11,197) (16,613)
Increase (decrease) in accrued expenses 39,082 (244,394)
Decrease in contract liability (1,720,558)  
Net cash from (used for) operating activities (42,447) 2,372,314
Non cash financing activity    
Distributions declared and payable $ 7,347,206 $ 12,332,809