Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Assets    
Leased property, net of accumulated depreciation of $52,219,717 and $33,869,263 $ 489,258,369 $ 509,226,215
Property and equipment, net of accumulated depreciation of $9,292,712 and $5,948,988 116,412,806 119,629,978
Financing notes and related accrued interest receivable, net of reserve of $4,100,000 and $13,784,137 1,500,000 7,675,626
Other equity securities, at fair value 9,287,209 8,393,683
Cash and cash equivalents 7,895,084 14,618,740
Accounts and other receivables 19,415,666 10,431,240
Deferred costs, net of accumulated amortization of $2,261,151 and $2,717,609 3,132,050 4,187,271
Prepaid expenses and other assets 354,230 491,024
Deferred tax asset 1,758,289 1,606,976
Goodwill 1,718,868 1,718,868
Total Assets 650,732,571 677,979,621
Liabilities and Equity    
Secured credit facilities, net (including $8,860,577 and $0 with related party) 89,387,985 105,440,842
Unsecured convertible senior notes, net of discount and debt issuance costs of $2,755,105 and $3,576,090 111,244,895 111,423,910
Asset retirement obligation 11,882,943 12,839,042
Accounts payable and other accrued liabilities 2,416,283 2,317,774
Management fees payable 1,735,024 1,763,747
Unearned revenue 155,961 0
Total Liabilities 216,823,091 233,785,315
Equity    
Series A Cumulative Redeemable Preferred Stock 7.375%, $56,250,000 liquidation preference ($2,500 per share, $0.001 par value), 10,000,000 authorized; 22,500 issued and outstanding at December 31, 2016, and December 31, 2015 56,250,000 56,250,000
Capital stock, non-convertible, $0.001 par value; 11,886,216 and 11,939,697 shares issued and outstanding at December 31, 2016, and December 31, 2015 (100,000,000 shares authorized) 11,886 11,940
Additional paid-in capital 350,217,746 361,581,507
Accumulated other comprehensive income (loss) (11,196) 190,797
Total CorEnergy Equity 406,468,436 418,034,244
Non-controlling Interest 27,441,044 26,160,062
Total Equity 433,909,480 444,194,306
Total Liabilities and Equity $ 650,732,571 $ 677,979,621