v3.21.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Assets    
Property and equipment, net of accumulated depreciation of $28,973,654 and $22,580,810 (Crimson VIE: $338,930,724, and $0, respectively) $ 443,457,382 $ 106,224,598
Leased property, net of accumulated depreciation of $237,579 and $6,832,167 1,288,449 64,938,010
Financing notes and related accrued interest receivable, net of reserve of $600,000 and $600,000 1,149,245 1,209,736
Cash and cash equivalents (Crimson VIE: $2,989,319 and $0, respectively) 17,695,458 99,596,907
Accounts and other receivables (Crimson VIE: $11,434,113 and $0, respectively) 14,389,085 3,675,977
Due from affiliated companies (Crimson VIE: $1,154,499 and $0, respectively) 1,163,633 0
Deferred costs, net of accumulated amortization of $155,353 and $2,130,334 986,994 1,077,883
Inventory (Crimson VIE: $1,512,398 and $0, respectively) 1,625,464 87,940
Prepaid expenses and other assets (Crimson VIE: $4,018,467 and $0, respectively) 10,939,625 2,054,804
Operating right-of-use assets (Crimson VIE: $5,844,591 and $0, respectively) 5,914,710 85,879
Deferred tax asset, net 4,173,754 4,282,576
Goodwill 1,718,868 1,718,868
Total Assets 504,502,667 284,953,178
Liabilities and Equity    
Secured credit facilities, net of debt issuance costs of $1,580,091 and $0 104,419,909 0
Unsecured convertible senior notes, net of discount and debt issuance costs of $2,713,020 and $3,041,870 115,336,979 115,008,130
Asset retirement obligation 0 8,762,579
Accounts payable and other accrued liabilities (Crimson VIE: $11,454,583 and $0, respectively) 20,780,331 4,628,847
Management fees payable 304,770 971,626
Due to affiliated companies (Crimson VIE: $970,469 and $0, respectively) 979,603 0
Operating lease liability (Crimson VIE: $5,609,946 and $0, respectively) 5,651,002 56,441
Unearned revenue (Crimson VIE $315,000 and $0, respectively) 6,147,990 6,125,728
Total Liabilities 253,620,584 135,553,351
Commitments and Contingencies (Note 10)
Equity    
Series A Cumulative Redeemable Preferred Stock 7.375%, $125,270,350 and $125,270,350 liquidation preference ($2,500 per share, $0.001 par value), 10,000,000 authorized; 50,108 and 50,108 issued and outstanding at June 30, 2021 and December 31, 2020, respectively 125,270,350 125,270,350
Common stock, non-convertible, $0.001 par value; 13,673,326 and 13,651,521 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively (100,000,000 shares authorized) 13,673 13,652
Additional paid-in capital 333,890,657 339,742,380
Retained deficit (327,513,586) (315,626,555)
Total CorEnergy Equity 131,661,094 149,399,827
Non-controlling interest (Crimson) 119,220,989 0
Total Equity 250,882,083 149,399,827
Total Liabilities and Equity 504,502,667 284,953,178
Variable Interest Entity, Primary Beneficiary    
Assets    
Property and equipment, net of accumulated depreciation of $28,973,654 and $22,580,810 (Crimson VIE: $338,930,724, and $0, respectively) 338,930,724 0
Cash and cash equivalents (Crimson VIE: $2,989,319 and $0, respectively) 2,989,319 0
Accounts and other receivables (Crimson VIE: $11,434,113 and $0, respectively) 11,434,113 0
Due from affiliated companies (Crimson VIE: $1,154,499 and $0, respectively) 1,154,499 0
Inventory (Crimson VIE: $1,512,398 and $0, respectively) 1,512,398 0
Prepaid expenses and other assets (Crimson VIE: $4,018,467 and $0, respectively) 4,018,467 0
Operating right-of-use assets (Crimson VIE: $5,844,591 and $0, respectively) 5,844,591 0
Liabilities and Equity    
Accounts payable and other accrued liabilities (Crimson VIE: $11,454,583 and $0, respectively) 11,454,583 0
Due to affiliated companies (Crimson VIE: $970,469 and $0, respectively) 970,469 0
Operating lease liability (Crimson VIE: $5,609,946 and $0, respectively) 5,609,946 0
Unearned revenue (Crimson VIE $315,000 and $0, respectively) $ 315,000 $ 0

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