v3.22.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Assets    
Property and equipment, net of accumulated depreciation of $40,964,057 and $37,022,035 (Crimson VIE: $336,342,641, and $338,452,392, respectively) $ 438,593,056 $ 441,430,193
Leased property, net of accumulated depreciation of $268,522 and $258,207 1,257,505 1,267,821
Financing notes and related accrued interest receivable, net of reserve of $600,000 and $600,000 993,994 1,036,660
Cash and cash equivalents (Crimson VIE: $5,308,695 and $1,870,000, respectively) 13,286,081 12,496,478
Accounts and other receivables (Crimson VIE: $8,871,936 and $11,291,749, respectively) 12,954,640 15,367,389
Due from affiliated companies (Crimson VIE: $169,968 and $676,825, respectively) 169,968 676,825
Deferred costs, net of accumulated amortization of $440,986 and $345,775 701,361 796,572
Inventory (Crimson VIE: $3,829,532 and $3,839,865, respectively) 3,968,235 3,953,523
Prepaid expenses and other assets (Crimson VIE: $5,176,012 and $5,004,566, respectively) 7,795,241 9,075,043
Operating right-of-use assets (Crimson VIE: $5,357,343 and $5,647,631, respectively) 5,730,264 6,075,939
Deferred tax asset, net 134,072 206,285
Goodwill 16,210,020 16,210,020
Total Assets 501,794,437 508,592,748
Liabilities and Equity    
Secured credit facilities, net of deferred financing costs of $1,122,820 and $1,275,244 96,877,181 99,724,756
Unsecured convertible senior notes, net of discount and debt issuance costs of $2,219,745 and $2,384,170 115,830,255 115,665,830
Accounts payable and other accrued liabilities (Crimson VIE: $9,730,215 and $9,743,904, respectively) 12,986,409 17,036,064
Income tax liability 141,226 0
Due to affiliated companies (Crimson VIE: $423,491 and $648,316, respectively) 423,491 648,316
Operating lease liability (Crimson VIE: $5,044,501 and $5,647,036, respectively) 5,388,922 6,046,657
Unearned revenue (Crimson VIE $205,790 and $199,405, respectively) 5,885,621 5,839,602
Total Liabilities 237,533,105 244,961,225
Commitments and Contingencies (Note 11)
Equity    
Additional paid-in capital 335,376,932 338,302,735
Retained deficit (324,853,173) (327,157,636)
Total CorEnergy Equity 140,065,078 140,686,351
Non-controlling interest (Crimson) 124,196,254 122,945,172
Total Equity 264,261,332 263,631,523
Total Liabilities and Equity 501,794,437 508,592,748
Series A Cumulative Redeemable Preferred Stock    
Equity    
Series A Cumulative Redeemable Preferred Stock 7.375%, $129,525,675 and $129,525,675 liquidation preference ($2,500 per share, $0.001 par value), 10,000,000 authorized; 51,810 and 51,810 issued and outstanding at March 31, 2022 and December 31, 2021, respectively 129,525,675 129,525,675
Non-Convertible Common Stock    
Equity    
Common stock 14,960 14,893
Class B Common Stock    
Equity    
Common stock $ 684 $ 684

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