XML 14 R5.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Statements of Cash Flows - USD ($)
9 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Operating activities    
Royalties received $ 10,987,764 $ 15,857,438
Interest received 484,310 85,363
Expenses paid (2,525,859) (1,540,146)
Net cash from operating activities 8,946,215 14,402,655
Financing activity    
Distributions to unitholders   (47,625,638)
Net change in cash and cash equivalents 8,946,215 (33,222,983)
Cash and cash equivalents, beginning of period 13,966,500 47,727,522
Cash and cash equivalents, end of period 22,912,715 14,504,539
Reconciliation of net income to net cash from operating activities    
Net income 14,292,545 8,324,122
(Increase) decrease in accrued income receivable (1,861,870) 4,597,050
(Increase) decrease in contract asset (1,002,095) 1,431,633
Increase in prepaid expense (85,524) (87,773)
(Decrease) increase in accrued expenses (98,720) 137,623
Decrease in contract liability (2,298,121)  
Net cash from operating activities 8,946,215 $ 14,402,655
Non cash financing activity    
Distributions declared and payable $ 4,592,003