MESABI TRUST
For the period ended Jan 31, 2025. Filed Apr 24, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Apr 24, 2025
MSB$17.19+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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EX-13 · Balance Sheets as of January 31, 2025 and 2024
BALANCE SHEETS
AS OF JANUARY 31, 2025 AND 2024
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · 2025 · 2024 | |||||||
| | | | | | | | |
| Assets | | | | | | | |
| | | | | | | | |
| Cash and cash equivalents | | $100,204,531 | | $23,980,448 | | ||
| Accrued income receivable | | 1,160,761 | | 1,960,358 | | ||
| Contract asset | | | 240,642 | | | 451,896 | |
| Prepaid expenses | | 122,518 | | 297,647 | | ||
| Current assets | | 101,728,452 | | 26,690,349 | | ||
| | | | | | | | |
| Fixed property, including intangibles, at nominal values | | | | | | | |
| | | | | | | | |
| 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 | | ||
| | | 3 | | 3 | | ||
| | | | | | | | |
| Total assets | | $101,728,455 | | $26,690,352 | | ||
| | | | | | | | |
| Liabilities, Unallocated Reserve And Trust Corpus | | | | | | | |
| | | | | | | | |
| Liabilities | | | | | | | |
| Distribution payable | | $78,064,060 | | $4,854,404 | | ||
| Accrued expenses | | | 336,675 | | | 860,802 | |
| Total liabilities | | 78,400,735 | | 5,715,206 | | ||
| | | | | | | | |
| Unallocated reserve | | 23,327,717 | | 20,975,143 | | ||
| | | | | | | | |
| Trust corpus | | 3 | | 3 | | ||
| | | | | | | | |
| Total liabilities, unallocated reserve and trust corpus | | $101,728,455 | | $26,690,352 | | ||
| | | | | | | | |
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