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STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Operating activities      
Royalties received $ 17,420,199 $ 15,857,438 $ 65,299,968
Interest received 755,017 222,238 523,407
Expenses paid (3,569,265) (2,215,060) (2,980,234)
Net cash from operating activities 14,605,951 13,864,616 62,843,141
Investing activities      
Maturities of U.S. Government securities     50,942,392
Purchases of U.S. Government securities     (41,035,723)
Net cash from investing activities     9,906,669
Financing activity      
Distributions to unitholders (4,592,003) (47,625,638) (37,523,229)
Net change in cash and cash equivalents 10,013,948 (33,761,022) 35,226,581
Cash and cash equivalents, beginning of period 13,966,500 47,727,522 12,500,941
Cash and cash equivalents, end of period 23,980,448 13,966,500 47,727,522
Reconciliation of net income to net cash from operating activities      
Net income 18,983,336 5,309,085 68,765,745
(Increase) decrease in accrued income receivable (1,936,796) 4,607,948 (4,382,033)
(Increase) decrease in contract asset (451,896) 1,431,633 (1,254,382)
Increase in prepaid expense (170,414) (4,688) (27,960)
(Decrease) increase in accrued expenses 479,842 222,517 (258,229)
(Decrease) increase in contract liability (2,298,121) 2,298,121  
Net cash from operating activities 14,605,951 $ 13,864,616 62,843,141
Non cash financing activity      
Distributions declared and payable $ 4,854,404   $ 22,960,018