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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Operating activities    
Royalties received $ 13,542,442 $ 6,340,033
Interest received 465 653
Expenses paid (444,394) (983,331)
Net cash from operating activities 13,098,513 5,357,355
Investing activities    
Maturities of U.S. Government securities   41,116,392
Purchases of U.S. Government securities   (41,035,723)
Net cash from investing activities   80,669
Financing activity    
Distributions to unitholders (22,960,018) (6,035,205)
Net change in cash and cash equivalents (9,861,505) (597,181)
Cash and cash equivalents, beginning of period 47,727,522 12,500,941
Cash and cash equivalents, end of period 37,866,017 11,903,760
Reconciliation of net income to net cash from operating activities    
Net income 13,595,185 8,573,870
Decrease (increase) in accrued income receivable 2,317,516 (5,363,355)
Decrease (increase) in contract asset (2,970,857) 177,251
Decrease in prepaid expense 16,030 2,859
Increase (decrease) in accrued expenses 140,639 (157,409)
Increase in contract liability   2,124,139
Net cash from operating activities 13,098,513 5,357,355
Non cash financing activity    
Distributions declared and payable $ 13,644,810 $ 11,676,809