Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
Feb. 29, 2012
Nov. 30, 2011
Assets    
Trading securities, at fair value $ 29,503,101 $ 27,037,642
Other equity securities, at fair value 47,269,729 41,856,730
Leased property, net of accumulated depreciation of $470,895 and $294,309, respectively 13,655,954 13,832,540
Cash and cash equivalents 3,470,268 2,793,326
Property and equipment, net of accumulated depreciation of $1,540,523 and $1,483,616, respectively 3,799,102 3,842,675
Escrow receivable 1,677,052 1,677,052
Accounts receivable 2,215,991 1,402,955
Intangible lease asset, net of accumulated amortization of $194,626 and $121,641, respectively 900,145 973,130
Lease receivable 1,185,381 474,152
Prepaid expenses 217,800 140,017
Receivable for Adviser expense reimbursement 0 121,962
Deferred tax asset 0 27,536
Other assets 322,001 107,679
Total Assets 104,216,524 94,287,396
Liabilities    
Management fees payable to Adviser 247,381 365,885
Distribution payable to common stockholders 1,009,462 0
Accounts payable 507,814 597,157
Line of credit 1,045,000 0
Long-term debt 2,237,355 2,279,883
Lease obligation 87,860 107,550
Deferred tax liability 3,428,378 0
Accrued expenses and other liabilities 489,382 510,608
Total Liabilities 9,052,632 3,861,083
Stockholders' Equity    
Warrants, no par value; 945,594 issued and outstanding at February 29, 2012 and November 30, 2011 (5,000,000 authorized) 1,370,700 1,370,700
Capital stock, non-convertible, $0.001 par value; 9,176,889 shares issued and outstanding at February 29, 2012 and 9,176,889 shares issued and outstanding at November 30, 2011 (100,000,000 shares authorized) 9,177 9,177
Additional paid-in capital 94,673,276 95,682,738
Accumulated deficit (889,261) (6,636,302)
Total Stockholders' Equity 95,163,892 90,426,313
Total Liabilities and Stockholders' Equity $ 104,216,524 $ 94,287,396