ROYALTY AGREEMENT, UNALLOCATED RESERVE AND DISTRIBUTIONS (Tables)

9 Months Ended

Oct. 31, 2023

ROYALTY AGREEMENT, UNALLOCATED RESERVE AND DISTRIBUTIONS

Schedule of unallocated cash and U.S. Government securities portion of the Trust's Unallocated Reserve

	October 31, 2023		January 31, 2023
Cash and cash equivalents	$	22,912,715	$	13,966,500
Distribution payable		(4,592,003)		—
Unallocated cash and cash equivalents	$	18,320,712	$	13,966,500

Schedule of reconciliation of Trust's Unallocated Reserve

		Unallocated		Trust
		Reserve		Corpus		Total
Balances as of January 31, 2023	$	11,438,214	$	3	$	11,438,217
Net income		14,292,545		—		14,292,545
Distributions declared - $0.3500 per unit		(4,592,003)		—		(4,592,003)
Balances as of October 31, 2023	$	21,138,756	$	3	$	21,138,759

		Unallocated		Trust
		Reserve		Corpus		Total
Balances as of July 31, 2023	$	21,644,693	$	3	$	21,644,696
Net income		4,086,066		—		4,086,066
Distributions declared - $0.3500 per unit		(4,592,003)		—		(4,592,003)
Balances as of October 31, 2023	$	21,138,756	$	3	$	21,138,759

		Unallocated		Trust
		Reserve		Corpus		Total
Balances as of January 31, 2022	$	30,794,749	$	3	$	30,794,752
Net income		8,324,122		—		8,324,122
Distributions declared - $1.8800 per unit		(24,665,620)		—		(24,665,620)
Balances as of October 31, 2022	$	14,453,251	$	3	$	14,453,254

		Unallocated		Trust
		Reserve		Corpus		Total
Balances as of July 31, 2022	$	14,866,943	$	3	$	14,866,946
Net loss		(413,692)		—		(413,692)
Distributions declared - $0.00 per unit		—		—		—
Balances as of October 31, 2022	$	14,453,251	$	3	$	14,453,254