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Statements of Cash Flows - USD ($)
12 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Jan. 31, 2019
Operating activities      
Royalties received $ 23,042,360 $ 36,531,459 $ 46,705,036
Interest received 39,347 296,964 248,667
Expenses paid (2,273,809) (2,239,182) (1,457,039)
Net cash from operating activities 20,807,898 34,589,241 45,496,664
Investing activities      
Maturities of U.S. Government securities 90,367,702 90,434,386 81,835,668
Sales of U.S. Government securities 236,992   99,740
Purchases of U.S. Government securities (87,178,889) (71,644,548) (90,260,269)
Net cash from investing activities 3,425,805 18,789,838 (8,324,861)
Financing activity      
Distributions to unitholders (21,910,417) (44,083,234) (36,604,828)
Net change in cash and cash equivalents 2,323,286 9,295,845 566,975
Cash and cash equivalents, beginning of period 10,177,655 881,810 314,835
Cash and cash equivalents, end of period 12,500,941 10,177,655 881,810
Reconciliation of net income to net cash from (used for) operating activities      
Net income 23,407,647 30,055,752 45,559,044
Decrease (increase) in accrued income receivable (179,889) 2,269,472 (382,969)
Decrease (increase) in contract asset (177,251) 56,357 42,907
Decrease (increase) in prepaid expense (26,931) (13,182) 168
Increase (decrease) in accrued expenses 296,042 (290,878) 277,514
Increase (decrease) in contract liability (2,511,720) 2,511,720  
Net cash from operating activities 20,807,898 34,589,241 45,496,664
Non cash financing activity      
Distributions declared and payable $ 6,035,205 $ 9,184,007 $ 18,236,814