SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jul. 31, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of disaggregation of revenue

	Three Months Ended July 31,
	2021		2020
Base overriding royalties	$	16,645,464	$	4,174,785
Bonus royalties		10,910,823		3,043,576
Fee royalties		187,749		—
Total royalty income	$	27,744,036	$	7,218,361

	Six Months Ended July 31,
	2021		2020
Base overriding royalties	$	22,284,617	$	5,356,796
Bonus royalties		14,483,164		3,823,288
Fee royalties		378,422		173,771
Total royalty income	$	37,146,203	$	9,353,855