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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Apr. 30, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of disaggregation of revenue

 

 

 

 

 

 

 

 

 

2018

 

2017

Base overriding royalties

 

$

3,857,485

 

$

2,646,414

Bonus royalties

 

 

2,634,231

 

 

1,965,520

Fee royalties

 

 

154,954

 

 

148,495

Total royalty income

 

$

6,646,670

 

$

4,760,429