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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)
3 Months Ended
Apr. 30, 2018
USD ($)
item
MT
shares
Apr. 30, 2017
USD ($)
Jan. 31, 2018
USD ($)
shares
Disaggregation of Revenue [Line Items]      
Beneficial interest in the Trust (in units) | shares 13,120,010   13,120,010
Disaggregation of Revenue [Abstract]      
Royalty Revenue $ 6,646,670 $ 4,760,429  
Base overriding royalties, first tier portion percentage 90.00%    
Base overriding royalties, first tier shipment ceiling (in million tons) | MT 4    
Base overriding royalties, second tier portion percentage 85.00%    
Base overriding royalties, second tier shipment ceiling (in million tons) | MT 2    
Base overriding royalties, third tier portion percentage 25.00%    
Base overriding royalties, third tier shipment threshold (in million tons) | MT 6    
Base overriding royalties, number of volume thresholds for transaction price | item 4    
Base overriding royalties, volume threshold for transaction price | MT 1    
Accrued income receivable $ 4,294,659   $ 1,956,091
Contract asset 1,430,427   $ 99,264
Base Overriding Royalties      
Disaggregation of Revenue [Abstract]      
Royalty Revenue 3,857,485 2,646,414  
Bonus Royalties      
Disaggregation of Revenue [Abstract]      
Royalty Revenue 2,634,231 1,965,520  
Fee Royalties      
Disaggregation of Revenue [Abstract]      
Royalty Revenue $ 154,954 $ 148,495