10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-22-009977 |
| Period End Date | 20220430 |
| Filing Date | 20220613 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | msb-20220430x10q_htm.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 |
| Certificate of beneficial interest of Land Trust, units |
SharesOutstanding
|
13.12M | shares | Point-in-time |
| Cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$47.73M | USD | Point-in-time |
| Cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$12.50M | USD | Point-in-time |
| Cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$37.87M | USD | Point-in-time |
| Cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$11.90M | USD | Point-in-time |
| Accrued income receivable |
AccountsReceivableNetCurrent
|
$2.31M | USD | Point-in-time |
| Accrued income receivable |
AccountsReceivableNetCurrent
|
$4.63M | USD | Point-in-time |
| Contract asset |
ContractWithCustomerAssetsNetOfContractLiabilityCurrent
|
$4.40M | USD | Point-in-time |
| Contract asset |
ContractWithCustomerAssetsNetOfContractLiabilityCurrent
|
$1.43M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$106.52K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$122.55K | USD | Point-in-time |
| Current assets |
AssetsCurrent
|
$53.91M | USD | Point-in-time |
| Current assets |
AssetsCurrent
|
$44.69M | 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
|
$44.69M | USD | Point-in-time |
| Total assets |
Assets
|
$53.91M | USD | Point-in-time |
| Distribution payable |
InterestAndDividendsPayableCurrent
|
$13.64M | USD | Point-in-time |
| Distribution payable |
InterestAndDividendsPayableCurrent
|
$22.96M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrentAndNoncurrent
|
$299.08K | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrentAndNoncurrent
|
$158.44K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$23.12M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$13.94M | USD | Point-in-time |
| Unallocated reserve |
UnallocatedReserve
|
$30.79M | USD | Point-in-time |
| Unallocated reserve |
UnallocatedReserve
|
$30.75M | 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
|
$44.69M | USD | Point-in-time |
| Total liabilities, unallocated reserve and trust corpus |
LiabilitiesAndStockholdersEquity
|
$53.91M | USD | Point-in-time |
Income Statement
17 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Royalty income |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$9.40M | USD | 1 Quarter |
| Royalty income |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$14.20M | USD | 1 Quarter |
| Interest |
InterestIncomeExpenseNet
|
$759.00 | USD | 1 Quarter |
| Interest |
InterestIncomeExpenseNet
|
$484.00 | USD | 1 Quarter |
| Total revenues |
Revenues
|
$14.20M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$9.40M | USD | 1 Quarter |
| Expenses |
CostOfGoodsAndServicesSold
|
$828.78K | USD | 1 Quarter |
| Expenses |
CostOfGoodsAndServicesSold
|
$601.06K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$13.60M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$8.57M | USD | 1 Quarter |
| Number of units outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
13.12M | shares | 1 Quarter |
| Number of units outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
13.12M | shares | 1 Quarter |
| Net income per unit (Note 2) (in dollars per unit) |
EarningsPerShareBasic
|
$0.65 | USD | 1 Quarter |
| Net income per unit (Note 2) (in dollars per unit) |
EarningsPerShareBasic
|
$1.04 | USD | 1 Quarter |
| Distribution declared per unit (Note 3) (in dollars per unit) |
DistributionDeclaredDistributionsPaidPerUnit
|
$1.04 | USD | Point-in-time |
| Distribution declared per unit (Note 3) (in dollars per unit) |
DistributionDeclaredDistributionsPaidPerUnit
|
$0.89 | USD | 1 Quarter |
| Distribution declared per unit (Note 3) (in dollars per unit) |
DistributionDeclaredDistributionsPaidPerUnit
|
$1.04 | USD | 1 Quarter |
Cash Flow Statement
38 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Royalties received |
ProceedsFromRoyaltiesReceived
|
$6.34M | USD | 1 Quarter |
| Royalties received |
ProceedsFromRoyaltiesReceived
|
$13.54M | USD | 1 Quarter |
| Interest received |
ProceedsFromInterestReceived
|
$465.00 | USD | 1 Quarter |
| Interest received |
ProceedsFromInterestReceived
|
$653.00 | USD | 1 Quarter |
| Expenses paid |
PaymentsForOperatingActivities
|
$444.39K | USD | 1 Quarter |
| Expenses paid |
PaymentsForOperatingActivities
|
$983.33K | USD | 1 Quarter |
| Net cash from operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$13.10M | USD | 1 Quarter |
| Net cash from operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$5.36M | USD | 1 Quarter |
| Maturities of U.S. Government securities |
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
|
$41.12M | USD | 1 Quarter |
| Purchases of U.S. Government securities |
PaymentsToAcquireHeldToMaturitySecurities
|
$41.04M | USD | 1 Quarter |
| Net cash from investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$80.67K | USD | 1 Quarter |
| Distributions to unitholders |
PaymentsOfDividends
|
$22.96M | USD | 1 Quarter |
| Distributions to unitholders |
PaymentsOfDividends
|
$6.04M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-9.86M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-597.18K | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$47.73M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$12.50M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$37.87M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$11.90M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$47.73M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$12.50M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$37.87M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$11.90M | USD | Point-in-time |
| Net income |
ProfitLoss
|
$8.57M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$13.60M | USD | 1 Quarter |
| Decrease (increase) in accrued income receivable |
IncreaseDecreaseInAccountsReceivable
|
$5.36M | USD | 1 Quarter |
| Decrease (increase) in accrued income receivable |
IncreaseDecreaseInAccountsReceivable
|
$-2.32M | USD | 1 Quarter |
| Decrease (increase) in contract asset |
IncreaseDecreaseInContractWithCustomerAsset
|
$-177.25K | USD | 1 Quarter |
| Decrease (increase) in contract asset |
IncreaseDecreaseInContractWithCustomerAsset
|
$2.97M | USD | 1 Quarter |
| Decrease in prepaid expense |
IncreaseDecreaseInPrepaidExpense
|
$-2.86K | USD | 1 Quarter |
| Decrease in prepaid expense |
IncreaseDecreaseInPrepaidExpense
|
$-16.03K | USD | 1 Quarter |
| Increase (decrease) in accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-157.41K | USD | 1 Quarter |
| Increase (decrease) in accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$140.64K | USD | 1 Quarter |
| Increase in contract liability |
IncreaseDecreaseInContractWithCustomerLiability
|
$2.12M | USD | 1 Quarter |
| Net cash from operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$13.10M | USD | 1 Quarter |
| Net cash from operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$5.36M | USD | 1 Quarter |
| Distributions declared and payable |
DistributionsDeclared
|
$13.64M | USD | 1 Quarter |
| Distributions declared and payable |
DistributionsDeclared
|
$11.68M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.