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STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Jan. 31, 2021
Operating activities      
Royalties received $ 15,857,438 $ 65,299,968 $ 23,042,360
Interest received 222,238 523,407 39,347
Expenses paid (2,215,060) (2,980,234) (2,273,809)
Net cash from operating activities 13,864,616 62,843,141 20,807,898
Investing activities      
Maturities of U.S. Government securities 115,222,724 50,942,392 90,367,702
Sales of U.S. Government securities     236,992
Purchases of U.S. Government securities (115,222,724) (41,035,723) (87,178,889)
Net cash from investing activities   9,906,669 3,425,805
Financing activity      
Distributions to unitholders (47,625,638) (37,523,229) (21,910,417)
Net change in cash and cash equivalents (33,761,022) 35,226,581 2,323,286
Cash and cash equivalents, beginning of period 47,727,522 12,500,941 10,177,655
Cash and cash equivalents, end of period 13,966,500 47,727,522 12,500,941
Reconciliation of net income to net cash from operating activities      
Net income 5,309,085 68,765,745 23,407,647
Decrease (increase) in accrued income receivable 4,607,948 (4,382,033) (179,889)
Decrease (increase) in contract asset 1,431,633 (1,254,382) (177,251)
Increase in prepaid expense (4,688) (27,960) (26,931)
Increase (decrease) in accrued expenses 222,517 (258,229) 296,042
Increase (decrease) in contract liability 2,298,121   (2,511,720)
Net cash from operating activities $ 13,864,616 62,843,141 20,807,898
Non cash financing activity      
Distributions declared and payable   $ 22,960,018 $ 9,184,007