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Statements of Cash Flows - USD ($)
9 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Operating activities    
Royalties received $ 10,724,507 $ 27,121,064
Interest received 38,297 176,140
Expenses paid (1,683,487) (1,695,941)
Net cash from operating activities 9,079,317 25,601,263
Investing activities    
Maturities of U.S. Government securities 55,381,743 37,034,247
Sales of U.S. Government securities 236,992  
Purchases of U.S. Government securities (51,574,900) (30,473,442)
Net cash from investing activities 4,043,835 6,560,805
Financing activity    
Distributions to unitholders (17,187,214) (32,668,825)
Net change in cash and cash equivalents (4,064,062) (506,757)
Cash and cash equivalents, beginning of period 10,177,655 881,810
Cash and cash equivalents, end of period 6,113,593 375,053
Reconciliation of net income to net cash from operating activities    
Net income 13,414,023 24,972,171
Increase in accrued income receivable (1,113,742) (69,219)
Increase in contract asset (736,137) 56,357
Increase in prepaid expense (91,217) (61,816)
Increase (decrease) in accrued expenses 118,110 (234,359)
Decrease in contract liability (2,511,720) 938,129
Net cash from operating activities 9,079,317 25,601,263
Non cash financing activity    
Distributions declared and payable $ 4,723,204 $ 11,414,408