10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001104659-12-041915 |
| Period End Date | 20120430 |
| Filing Date | 20120605 |
| Fiscal Year | 2012 |
| Fiscal Period | Q1 |
| XBRL Instance | msb-20120430.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
37 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Certificate of beneficial interest of land trust, units |
CertificateOfBeneficialInterestUnits
|
13.12M | shares | Point-in-time |
| Certificate of beneficial interest of land trust, units |
CertificateOfBeneficialInterestUnits
|
13.12M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$741.05K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.11M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$10.25M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$8.69M | USD | Point-in-time |
| U.S. Government securities, at amortized cost (which approximates market) |
USGovernmentSecuritiesAtCarryingValue
|
$82.94K | USD | Point-in-time |
| Accrued income receivable (Note 2) |
AccruedIncomeReceivable
|
$2.92M | USD | Point-in-time |
| Accrued income receivable (Note 2) |
AccruedIncomeReceivable
|
$387.98K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$53.77K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$50.30K | USD | Point-in-time |
| Current assets |
AssetsCurrent
|
$4.16M | USD | Point-in-time |
| Current assets |
AssetsCurrent
|
$10.70M | USD | Point-in-time |
| U.S. Government securities, at amortized cost (which approximates market) |
USGovernmentSecuritiesAtCarryingValueNoncurrent
|
$473.82K | USD | Point-in-time |
| U.S. Government securities, at amortized cost (which approximates market) |
USGovernmentSecuritiesAtCarryingValueNoncurrent
|
$355.88K | USD | Point-in-time |
| Amended Assignment of Peters Lease |
AmendedAssignmentsOfLeaseProperty
|
$1.00 | USD | Point-in-time |
| Amended Assignment of Peters Lease |
AmendedAssignmentsOfLeaseProperty
|
$1.00 | USD | Point-in-time |
| Assignment of Cloquet Lease |
AssignmentsOfLeasedProperty
|
$1.00 | USD | Point-in-time |
| Assignment of Cloquet Lease |
AssignmentsOfLeasedProperty
|
$1.00 | USD | Point-in-time |
| Certificate of beneficial interest for 13,120,010 units of land trust |
CertificateOfBeneficialInterestLandTrust
|
$1.00 | USD | Point-in-time |
| Certificate of beneficial interest for 13,120,010 units of land trust |
CertificateOfBeneficialInterestLandTrust
|
$1.00 | USD | Point-in-time |
| TOTAL FIXED PROPERTY, including intangibles, at nominal values |
FixedPropertyIncludingIntagible
|
$3.00 | USD | Point-in-time |
| TOTAL FIXED PROPERTY, including intangibles, at nominal values |
FixedPropertyIncludingIntagible
|
$3.00 | USD | Point-in-time |
| Total assets |
Assets
|
$4.52M | USD | Point-in-time |
| Total assets |
Assets
|
$11.17M | USD | Point-in-time |
| Distribution payable |
InterestAndDividendsPayableCurrent
|
$852.80K | USD | Point-in-time |
| Distribution payable |
InterestAndDividendsPayableCurrent
|
$9.97M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrentAndNoncurrent
|
$166.32K | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrentAndNoncurrent
|
$117.38K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$970.18K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$10.14M | USD | Point-in-time |
| Unallocated Reserve (Note 4) |
UnallocatedReserve
|
$1.03M | USD | Point-in-time |
| Unallocated Reserve (Note 4) |
UnallocatedReserve
|
$3.55M | USD | Point-in-time |
| Trust Corpus |
CapitalUnits
|
$3.00 | USD | Point-in-time |
| Trust Corpus |
CapitalUnits
|
$3.00 | USD | Point-in-time |
| Total Liabilities, unallocated reserve and trust corpus |
LiabilitiesAndStockholdersEquity
|
$11.17M | USD | Point-in-time |
| Total Liabilities, unallocated reserve and trust corpus |
LiabilitiesAndStockholdersEquity
|
$4.52M | USD | Point-in-time |
Income Statement
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Royalty income |
RoyaltyRevenue
|
$3.69M | USD | 1 Quarter |
| Royalty income |
RoyaltyRevenue
|
$3.28M | USD | 1 Quarter |
| Interest income |
InterestIncomeSecuritiesUSTreasuryAndOtherUSGovernment
|
$325.00 | USD | 1 Quarter |
| Interest income |
InterestIncomeSecuritiesUSTreasuryAndOtherUSGovernment
|
$1.46K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$3.28M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$3.69M | USD | 1 Quarter |
| Expenses |
GeneralAndAdministrativeExpense
|
$214.79K | USD | 1 Quarter |
| Expenses |
GeneralAndAdministrativeExpense
|
$323.55K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$3.37M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$3.06M | USD | 1 Quarter |
| Number of units outstanding (in units) |
WeightedAverageNumberOfUnitsOutstanding
|
13.12M | shares | 1 Quarter |
| Number of units outstanding (in units) |
WeightedAverageNumberOfUnitsOutstanding
|
13.12M | shares | 1 Quarter |
| Net income per unit (Note 2) (in dollars per unit) |
EarningsPerShareBasic
|
$0.26 | USD | 1 Quarter |
| Net income per unit (Note 2) (in dollars per unit) |
EarningsPerShareBasic
|
$0.23 | USD | 1 Quarter |
| Distributions declared per unit (Note 3) (in dollars per unit) |
DistributionDeclaredPerUnit
|
$0.07 | USD | 1 Quarter |
| Distributions declared per unit (Note 3) (in dollars per unit) |
DistributionDeclaredPerUnit
|
$0.05 | USD | 1 Quarter |
Cash Flow Statement
37 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Royalties received |
ProceedsFromRoyaltiesReceived
|
$1.17M | USD | 1 Quarter |
| Royalties received |
ProceedsFromRoyaltiesReceived
|
$842.50K | USD | 1 Quarter |
| Interest received |
InterestReceivedGovernmentSecurities
|
$1.74K | USD | 1 Quarter |
| Interest received |
InterestReceivedGovernmentSecurities
|
$541.00 | USD | 1 Quarter |
| Expenses paid |
PaymentsForOperatingActivities
|
$268.76K | USD | 1 Quarter |
| Expenses paid |
PaymentsForOperatingActivities
|
$369.02K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$796.87K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$575.47K | USD | 1 Quarter |
| Maturities of U.S. Government Securities |
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
|
$217.00K | USD | 1 Quarter |
| Maturities of U.S. Government Securities |
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
|
$35.00K | USD | 1 Quarter |
| Purchases of U.S. Government Securities |
PaymentsToAcquireHeldToMaturitySecurities
|
$217.10K | USD | 1 Quarter |
| Net cash provided by (used for) investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$35.00K | USD | 1 Quarter |
| Net cash provided by (used for) investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-104.00 | USD | 1 Quarter |
| Distributions to Unitholders |
PaymentsOfDistributionsToUnitholders
|
$9.97M | USD | 1 Quarter |
| Distributions to Unitholders |
PaymentsOfDistributionsToUnitholders
|
$8.53M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
NetCashProvidedByUsedInContinuingOperations
|
$-9.14M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
NetCashProvidedByUsedInContinuingOperations
|
$-7.95M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$741.05K | USD | Point-in-time |
| Cash and cash equivalents, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$1.11M | USD | Point-in-time |
| Cash and cash equivalents, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$10.25M | USD | Point-in-time |
| Cash and cash equivalents, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$8.69M | USD | Point-in-time |
| Cash and cash equivalents, end of quarter |
CashAndCashEquivalentsAtCarryingValue
|
$741.05K | USD | Point-in-time |
| Cash and cash equivalents, end of quarter |
CashAndCashEquivalentsAtCarryingValue
|
$1.11M | USD | Point-in-time |
| Cash and cash equivalents, end of quarter |
CashAndCashEquivalentsAtCarryingValue
|
$10.25M | USD | Point-in-time |
| Cash and cash equivalents, end of quarter |
CashAndCashEquivalentsAtCarryingValue
|
$8.69M | USD | Point-in-time |
| Net income |
NetIncomeLoss
|
$3.37M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$3.06M | USD | 1 Quarter |
| Increase in accrued income receivable |
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
|
$-2.43M | USD | 1 Quarter |
| Increase in accrued income receivable |
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
|
$-2.53M | USD | 1 Quarter |
| Decrease in prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$3.47K | USD | 1 Quarter |
| Decrease in prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$1.15K | USD | 1 Quarter |
| Decrease in accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-48.94K | USD | 1 Quarter |
| Decrease in accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-55.12K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$796.87K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$575.47K | USD | 1 Quarter |
| Distributions declared |
DistributionsDeclared
|
$852.80K | USD | 1 Quarter |
| Distributions declared |
DistributionsDeclared
|
$656.00K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.