10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-17-004726 |
| Period End Date | 20170430 |
| Filing Date | 20170608 |
| Fiscal Year | 2017 |
| Fiscal Period | Q1 |
| XBRL Instance | msb-20170430.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Certificate of beneficial interest of Land Trust, units |
SharesOutstanding
|
13.12M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.59M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$13.70M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$12.01M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$8.22M | USD | Point-in-time |
| U.S. Government securities, current, at amortized cost (which approximates market) |
HeldToMaturitySecuritiesCurrent
|
$373.43K | USD | Point-in-time |
| U.S. Government securities, current, at amortized cost (which approximates market) |
HeldToMaturitySecuritiesCurrent
|
$456.06K | USD | Point-in-time |
| Accrued income receivable |
AccruedIncomeReceivable
|
$45.05K | USD | Point-in-time |
| Accrued income receivable |
AccruedIncomeReceivable
|
$1.23M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$64.98K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$53.61K | USD | Point-in-time |
| Current assets |
AssetsCurrent
|
$14.25M | USD | Point-in-time |
| Current assets |
AssetsCurrent
|
$13.68M | 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 Leases |
AssignmentsOfLeasedProperty
|
$1.00 | USD | Point-in-time |
| Assignment of Cloquet Leases |
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 |
FixedPropertyIncludingIntangible
|
$3.00 | USD | Point-in-time |
| Total fixed property |
FixedPropertyIncludingIntangible
|
$3.00 | USD | Point-in-time |
| Total assets |
Assets
|
$13.68M | USD | Point-in-time |
| Total assets |
Assets
|
$14.25M | USD | Point-in-time |
| Distribution payable |
InterestAndDividendsPayableCurrent
|
$7.22M | USD | Point-in-time |
| Distribution payable |
InterestAndDividendsPayableCurrent
|
$1.84M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrentAndNoncurrent
|
$112.70K | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrentAndNoncurrent
|
$108.19K | USD | Point-in-time |
| Deferred royalty revenue |
DeferredRevenue
|
$2.10M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$7.33M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$4.04M | USD | Point-in-time |
| Unallocated reserve |
UnallocatedReserve
|
$6.35M | USD | Point-in-time |
| Unallocated reserve |
UnallocatedReserve
|
$10.21M | 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
|
$13.68M | USD | Point-in-time |
| Total liabilities, unallocated reserve and trust corpus |
LiabilitiesAndStockholdersEquity
|
$14.25M | USD | Point-in-time |
Income Statement
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Royalty income |
RoyaltyRevenue
|
$3.65M | USD | 1 Quarter |
| Interest |
InvestmentIncomeInterest
|
$1.68K | USD | 1 Quarter |
| Interest |
InvestmentIncomeInterest
|
$6.54K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$1.68K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$3.66M | USD | 1 Quarter |
| Expenses |
GeneralAndAdministrativeExpense
|
$431.93K | USD | 1 Quarter |
| Expenses |
GeneralAndAdministrativeExpense
|
$295.05K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$-430.25K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$3.36M | USD | 1 Quarter |
| WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING |
WeightedAverageNumberOfSharesOutstandingBasic
|
13.12M | shares | 1 Quarter |
| WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING |
WeightedAverageNumberOfSharesOutstandingBasic
|
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
|
$-0.03 | USD | 1 Quarter |
| Distributions declared per unit (Note 3) (in dollars per unit) |
DistributionDeclaredDistributionsPaidPerUnit
|
$0.55 | USD | 1 Quarter |
| Distributions declared per unit (Note 3) (in dollars per unit) |
DistributionDeclaredDistributionsPaidPerUnit
|
$0.20 | USD | 1 Quarter |
| Distributions declared per unit (Note 3) (in dollars per unit) |
DistributionDeclaredDistributionsPaidPerUnit
|
$0.55 | USD | Point-in-time |
Cash Flow Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Royalties received |
ProceedsFromRoyaltiesReceived
|
$1.17M | USD | 1 Quarter |
| Royalties received |
ProceedsFromRoyaltiesReceived
|
$366.84K | USD | 1 Quarter |
| Interest received |
ProceedsFromMaturitiesPrepaymentsAndCallsOfSecuritiesOperatingActivities
|
$1.57K | USD | 1 Quarter |
| Interest received |
ProceedsFromMaturitiesPrepaymentsAndCallsOfSecuritiesOperatingActivities
|
$3.54K | USD | 1 Quarter |
| Expenses paid |
PaymentsForOperatingActivities
|
$470.95K | USD | 1 Quarter |
| Expenses paid |
PaymentsForOperatingActivities
|
$301.91K | USD | 1 Quarter |
| Net cash from operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$68.47K | USD | 1 Quarter |
| Net cash from operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$703.41K | USD | 1 Quarter |
| Maturities of U.S. Government securities |
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
|
$82.63K | USD | 1 Quarter |
| Maturities of U.S. Government securities |
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
|
$5.59M | USD | 1 Quarter |
| Distributions to unitholders |
PaymentsOfDividends
|
$1.84M | USD | 1 Quarter |
| Distributions to unitholders |
PaymentsOfDividends
|
$656.00K | USD | 1 Quarter |
| Net change in cash and cash equivalents |
NetCashProvidedByUsedInContinuingOperations
|
$5.63M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
NetCashProvidedByUsedInContinuingOperations
|
$-1.69M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$2.59M | USD | Point-in-time |
| Cash and cash equivalents, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$13.70M | USD | Point-in-time |
| Cash and cash equivalents, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$12.01M | USD | Point-in-time |
| Cash and cash equivalents, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$8.22M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.59M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$13.70M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$12.01M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$8.22M | USD | Point-in-time |
| Net income |
NetIncomeLoss
|
$-430.25K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$3.36M | USD | 1 Quarter |
| Decrease (increase) in accrued income receivable |
IncreaseDecreaseInAccruedRoyaltiesReceivable
|
$1.19M | USD | 1 Quarter |
| Decrease (increase) in accrued income receivable |
IncreaseDecreaseInAccruedRoyaltiesReceivable
|
$-976.85K | USD | 1 Quarter |
| Decrease (increase) in prepaid expense |
IncreaseDecreaseInPrepaidExpense
|
$5.49K | USD | 1 Quarter |
| Decrease (increase) in prepaid expense |
IncreaseDecreaseInPrepaidExpense
|
$11.37K | USD | 1 Quarter |
| Increase (decrease) in accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-94.76K | USD | 1 Quarter |
| Increase (decrease) in accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$4.50K | USD | 1 Quarter |
| Increase in deferred royalty revenue |
IncreaseDecreaseInDeferredRevenue
|
$257.06K | USD | 1 Quarter |
| Increase in deferred royalty revenue |
IncreaseDecreaseInDeferredRevenue
|
$-2.10M | USD | 1 Quarter |
| Net cash from operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$68.47K | USD | 1 Quarter |
| Net cash from operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$703.41K | USD | 1 Quarter |
| Distributions declared and payable |
DistributionsDeclared
|
$2.62M | USD | 1 Quarter |
| Distributions declared and payable |
DistributionsDeclared
|
$7.22M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.