10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001104659-16-125654 |
| Period End Date | 20160430 |
| Filing Date | 20160606 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | msb-20160430.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
39 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
|
$8.22M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$802.80K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.59M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$8.72M | USD | Point-in-time |
| U.S. Government securities, at amortized cost (which approximates market) |
USGovernmentSecuritiesAtCarryingValue
|
$238.05K | USD | Point-in-time |
| U.S. Government securities, at amortized cost (which approximates market) |
USGovernmentSecuritiesAtCarryingValue
|
$5.74M | USD | Point-in-time |
| Accrued income receivable |
AccruedIncomeReceivable
|
$1.29K | USD | Point-in-time |
| Accrued income receivable |
AccruedIncomeReceivable
|
$978.15K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$60.42K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$54.93K | USD | Point-in-time |
| Current assets |
AssetsCurrent
|
$9.36M | USD | Point-in-time |
| Current assets |
AssetsCurrent
|
$8.52M | USD | Point-in-time |
| U.S. Government securities, at amortized cost (which approximates market) |
USGovernmentSecuritiesAtCarryingValueNoncurrent
|
$373.43K | USD | Point-in-time |
| U.S. Government securities, at amortized cost (which approximates market) |
USGovernmentSecuritiesAtCarryingValueNoncurrent
|
$456.06K | 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 other assets |
FixedPropertyIncludingIntangible
|
$3.00 | USD | Point-in-time |
| Total other assets |
FixedPropertyIncludingIntangible
|
$3.00 | USD | Point-in-time |
| Total assets |
Assets
|
$8.89M | USD | Point-in-time |
| Total assets |
Assets
|
$9.82M | USD | Point-in-time |
| Distribution payable |
InterestAndDividendsPayableCurrent
|
$656.00K | USD | Point-in-time |
| Distribution payable |
InterestAndDividendsPayableCurrent
|
$2.62M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrentAndNoncurrent
|
$171.79K | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrentAndNoncurrent
|
$77.03K | USD | Point-in-time |
| Deferred royalty revenue (Note 4) |
DeferredRevenue
|
$257.06K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$2.96M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$827.79K | USD | Point-in-time |
| Unallocated Reserve (Note 5) |
UnallocatedReserve
|
$8.99M | USD | Point-in-time |
| Unallocated Reserve (Note 5) |
UnallocatedReserve
|
$5.93M | 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
|
$9.82M | USD | Point-in-time |
| Total liabilities, unallocated reserve and trust corpus |
LiabilitiesAndStockholdersEquity
|
$8.89M | USD | Point-in-time |
Income Statement
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Royalty income |
RoyaltyRevenue
|
$1.32M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$1.68K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$2.06K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$1.68K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$1.32M | USD | 1 Quarter |
| Expenses |
GeneralAndAdministrativeExpense
|
$377.74K | USD | 1 Quarter |
| Expenses |
GeneralAndAdministrativeExpense
|
$431.93K | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$-430.25K | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$940.27K | USD | 1 Quarter |
| Number of units outstanding |
WeightedAverageNumberOfUnitsOutstanding
|
13.12M | shares | 1 Quarter |
| Number of units outstanding |
WeightedAverageNumberOfUnitsOutstanding
|
13.12M | shares | 1 Quarter |
| Net income (loss) per unit (Note 2) |
EarningsPerShareBasic
|
$0.07 | USD | 1 Quarter |
| Net income (loss) per unit (Note 2) |
EarningsPerShareBasic
|
$-0.03 | USD | 1 Quarter |
| Distributions declared per unit (Note 3) (in dollars per unit) |
DistributionDeclaredPerUnit
|
$0.20 | USD | 1 Quarter |
Cash Flow Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Royalties received |
ProceedsFromRoyaltiesReceived
|
$853.15K | USD | 1 Quarter |
| Royalties received |
ProceedsFromRoyaltiesReceived
|
$1.17M | USD | 1 Quarter |
| Interest received |
InterestReceivedGovernmentSecurities
|
$19.00 | USD | 1 Quarter |
| Interest received |
InterestReceivedGovernmentSecurities
|
$1.57K | USD | 1 Quarter |
| Expenses paid |
PaymentsForOperatingActivities
|
$371.20K | USD | 1 Quarter |
| Expenses paid |
PaymentsForOperatingActivities
|
$470.95K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$481.97K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$703.41K | USD | 1 Quarter |
| Maturities of U.S. Government Securities |
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
|
$82.32K | USD | 1 Quarter |
| Maturities of U.S. Government Securities |
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
|
$5.59M | USD | 1 Quarter |
| Purchases of U.S. Government Securities |
PaymentsToAcquireHeldToMaturitySecurities
|
$82.63K | USD | 1 Quarter |
| Net cash provided by (used for) investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$5.59M | USD | 1 Quarter |
| Net cash provided by (used for) investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-308.00 | USD | 1 Quarter |
| Distributions to Unitholders |
PaymentsOfCapitalDistribution
|
$8.40M | USD | 1 Quarter |
| Distributions to Unitholders |
PaymentsOfCapitalDistribution
|
$656.00K | USD | 1 Quarter |
| Net change in cash and cash equivalents |
NetCashProvidedByUsedInContinuingOperations
|
$-7.92M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
NetCashProvidedByUsedInContinuingOperations
|
$5.63M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$8.22M | USD | Point-in-time |
| Cash and cash equivalents, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$802.80K | USD | Point-in-time |
| Cash and cash equivalents, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$2.59M | USD | Point-in-time |
| Cash and cash equivalents, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$8.72M | USD | Point-in-time |
| Cash and cash equivalents, end of year |
CashAndCashEquivalentsAtCarryingValue
|
$8.22M | USD | Point-in-time |
| Cash and cash equivalents, end of year |
CashAndCashEquivalentsAtCarryingValue
|
$802.80K | USD | Point-in-time |
| Cash and cash equivalents, end of year |
CashAndCashEquivalentsAtCarryingValue
|
$2.59M | USD | Point-in-time |
| Cash and cash equivalents, end of year |
CashAndCashEquivalentsAtCarryingValue
|
$8.72M | USD | Point-in-time |
| Net income (loss) |
NetIncomeLoss
|
$-430.25K | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$940.27K | USD | 1 Quarter |
| Decrease (increase) in accrued income receivable |
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
|
$464.84K | USD | 1 Quarter |
| Decrease (increase) in accrued income receivable |
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
|
$-976.85K | USD | 1 Quarter |
| Increase in prepaid expense |
IncreaseDecreaseInPrepaidExpense
|
$917.00 | USD | 1 Quarter |
| Increase in prepaid expense |
IncreaseDecreaseInPrepaidExpense
|
$5.49K | USD | 1 Quarter |
| Increase (decrease) in accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$7.46K | USD | 1 Quarter |
| Increase (decrease) in accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-94.76K | USD | 1 Quarter |
| Increase in deferred royalty revenue |
IncreaseDecreaseInDeferredRevenue
|
$257.06K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$481.97K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$703.41K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.