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Statements of Cash Flows - USD ($)
6 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Operating activities    
Royalties received $ 25,835,075 $ 4,799,327
Interest received 797 37,338
Expenses paid (2,221,401) (1,214,976)
Net cash from operating activities 23,614,471 3,621,689
Investing activities    
Maturities of U.S. Government securities 50,942,392 26,899,691
Purchases of U.S. Government securities (41,035,723) (23,708,865)
Net cash from investing activities 9,906,669 3,190,826
Financing activity    
Distributions to unitholders (17,712,014) (16,531,213)
Net change in cash and cash equivalents 15,809,126 (9,718,698)
Cash and cash equivalents, beginning of period 12,500,941 10,177,655
Cash and cash equivalents, end of period 28,310,067 458,957
Reconciliation of net income to net cash from operating activities    
Net income 35,329,900 8,287,624
Increase in accrued income receivable (12,385,176) (979,139)
Decrease (increase) in contract asset 177,251 (1,059,624)
Increase in prepaid expense (193,751) (161,533)
Increase (decrease) in accrued expenses (210,684) 46,081
Increase (decrease) in contract liability 896,931 (2,511,720)
Net cash from operating activities 23,614,471 3,621,689
Non cash financing activity    
Distributions declared and payable $ 1,180,801 $ 656,001