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Condensed Balance Sheets - USD ($)
Apr. 30, 2016
Jan. 31, 2016
Assets    
Cash and cash equivalents $ 8,219,812 $ 2,587,165
U.S. Government securities, at amortized cost (which approximates market) 238,047 5,740,659
Accrued income receivable 1,295 978,146
Prepaid expenses 60,423 54,930
Current assets 8,519,577 9,360,900
U.S. Government securities, at amortized cost (which approximates market) 373,430 456,058
Fixed property, including intangibles, at nominal values    
Amended Assignment of Peters Lease 1 1
Assignment of Cloquet Lease 1 1
Certificate of beneficial interest for 13,120,010 units of land trust 1 1
Total other assets 3 3
Total assets 8,893,010 9,816,961
Liabilities    
Distribution payable 2,624,002 656,001
Accrued expenses 77,031 171,793
Deferred royalty revenue (Note 4) 257,064  
Total liabilities 2,958,097 827,794
Unallocated Reserve (Note 5) 5,934,910 8,989,164
Trust Corpus 3 3
Total liabilities, unallocated reserve and trust corpus $ 8,893,010 $ 9,816,961