Condensed Balance Sheets - USD ($) |
Jul. 31, 2026 |
Jan. 31, 2026 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $ 17,385,397 | $ 23,162,609 |
| Accrued income receivable | 967,961 | 782,363 |
| Contract asset | 1,050,186 | 263,982 |
| Prepaid expenses | 439,662 | 147,371 |
| Current assets | 19,843,206 | 24,356,325 |
| Assignments of leased property | ||
| Amended assignment of Peters Lease | 1 | 1 |
| Assignment of Cloquet Leases | 1 | 1 |
| Certificate of beneficial interest for 13,120,010 units of Land Trust | 1 | 1 |
| Total fixed property | 3 | 3 |
| Total assets | 19,843,209 | 24,356,328 |
| Liabilities, Unallocated Reserve And Trust Corpus | ||
| Distribution payable | 656,001 | 3,411,203 |
| Accrued expenses | 1,596,686 | 542,250 |
| Total liabilities | 2,252,687 | 3,953,453 |
| Unallocated reserve | 17,590,519 | 20,402,872 |
| Trust corpus | 3 | 3 |
| Total liabilities, unallocated reserve and trust corpus | $ 19,843,209 | $ 24,356,328 |
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- Definition The interest as assignor in the Amended Assignment of Peters Lease. The Peters Lease provides that each leasehold estate will continue until the reserves of iron ore, taconite and other minerals or materials on the land subject to the Peters Lease are exhausted. No definition available.
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- Definition The interest as assignor in the Amended Assignment of Cloquet Lease, executed in 1916 between Cloquet Lumber Company and Claude W. Peters. No definition available.
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- References No definition available.
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- Definition Carrying value as of the balance sheet date of the transferable units distributed to shareholders of Mesabi Iron Company as beneficial interest in Mesabi Trust. No definition available.
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- Definition Sum of the carrying amounts as of the balance sheet date of all fixed and intangible assets that are recognized at nominal value. No definition available.
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- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit, consisting primarily of accrued income receivable representing royalties not yet received by the Trust but anticipated to be received in future periods. No definition available.
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- Definition Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business, classified as current. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of asset recognized for present right to economic benefit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of asset recognized for present right to economic benefit, classified as current. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Value of capital units or capital shares. This element is relevant to issuers of face-amount certificates and registered investment companies. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of cash and cash equivalent, and cash and cash equivalent restricted to withdrawal or usage; attributable to continuing operation. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Carrying amount as of the balance sheet date of the asset arising from commodity contracts such as futures contracts tied to the movement of a particular commodity, which are expected to be converted into cash or otherwise disposed of within a year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Sum of the carrying values as of the balance sheet date of (a) interest payable on all forms of debt, including trade payables, that has been incurred, and (b) dividends declared but unpaid on equity securities issued by the entity and outstanding (also includes dividends collected on behalf of another owner of securities that are being held by the entity). Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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