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Condensed Statements of Cash Flows - USD ($)
3 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Operating activities    
Royalties received $ 5,059,648  
Interest received 214,367 $ 113,031
Expenses paid (2,770,086) (976,674)
Net cash from (used for) operating activities 2,503,929 (863,643)
Financing activity    
Distributions to unitholders (4,854,404)  
Net change in cash and cash equivalents (2,350,475) (863,643)
Cash and cash equivalents, beginning of period 23,980,448 13,966,500
Cash and cash equivalents, end of period 21,629,973 13,102,857
Reconciliation of net income to net cash from operating activities    
Net income 3,483,785 1,023,139
(Increase) decrease in accrued income receivable 131,516 (1,363,887)
Increase in contract asset (1,108,073)  
Decrease in prepaid expense 185,279 14,517
Decrease in accrued expenses (188,578) (165,481)
Decrease in contract liability   (371,931)
Net cash from (used for) operating activities 2,503,929 $ (863,643)
Non cash financing activity    
Distributions declared and payable $ 3,804,803