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STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Jan. 31, 2020
Operating activities      
Royalties received $ 65,299,968 $ 23,042,360 $ 36,531,459
Interest received 523,407 39,347 296,964
Expenses paid (2,980,234) (2,273,809) (2,239,182)
Net cash from operating activities 62,843,141 20,807,898 34,589,241
Investing activities      
Maturities of U.S. Government securities 50,942,392 90,367,702 90,434,386
Sales of U.S. Government securities   236,992  
Purchases of U.S. Government securities (41,035,723) (87,178,889) (71,644,548)
Net cash from investing activities 9,906,669 3,425,805 18,789,838
Financing activity      
Distributions to unitholders (37,523,229) (21,910,417) (44,083,234)
Net change in cash and cash equivalents 35,226,581 2,323,286 9,295,845
Cash and cash equivalents, beginning of period 12,500,941 10,177,655 881,810
Cash and cash equivalents, end of period 47,727,522 12,500,941 10,177,655
Reconciliation of net income to net cash from operating activities      
Net income 68,765,745 23,407,647 30,055,752
Decrease (increase) in accrued income receivable (4,382,033) (179,889) 2,269,472
Decrease (increase) in contract asset (1,254,382) (177,251) 56,357
Increase in prepaid expense (27,960) (26,931) (13,182)
Increase (decrease) in accrued expenses (258,229) 296,042 (290,878)
Increase (decrease) in contract liability   (2,511,720) 2,511,720
Net cash from operating activities 62,843,141 20,807,898 34,589,241
Non cash financing activity      
Distributions declared and payable $ 22,960,018 $ 6,035,205 $ 9,184,007