SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Oct. 31, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of disaggregation of revenue

	Three Months Ended October 31,
	2021		2020
Base overriding royalties	$	9,644,501	$	3,142,465
Bonus royalties		5,981,907		2,448,652
Fee royalties		209,772		145,034
Total royalty income	$	15,836,180	$	5,736,151

	Nine Months Ended October 31,
	2021		2020
Base overriding royalties	$	31,929,119	$	8,499,261
Bonus royalties		20,465,070		6,271,940
Fee royalties		588,194		318,805
Total royalty income	$	52,982,383	$	15,090,006