Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Assets    
Leased property, net of accumulated depreciation of $62,187,684 and $52,219,717 $ 479,290,402 $ 489,258,369
Property and equipment, net of accumulated depreciation of $10,969,426 and $9,292,712 114,749,839 116,412,806
Financing notes and related accrued interest receivable, net of reserve of $4,100,000 and $4,100,000 1,500,000 1,500,000
Other equity securities, at fair value 9,147,158 9,287,209
Cash and cash equivalents 37,280,689 7,895,084
Deferred rent receivable 18,464,918 14,876,782
Accounts and other receivables 3,376,336 4,538,884
Deferred costs, net of accumulated amortization of $2,814,294 and $2,261,151 2,581,420 3,132,050
Prepaid expenses and other assets 601,428 354,230
Deferred tax asset 2,019,051 1,758,289
Goodwill 1,718,868 1,718,868
Total Assets 670,730,109 650,732,571
Liabilities and Equity    
Secured credit facilities, net (including $7,701,316 and $8,860,577 with related party) 41,035,695 89,387,985
Unsecured convertible senior notes, net of discount and debt issuance costs of $2,361,512 and $2,755,105 111,638,489 111,244,895
Asset retirement obligation 12,204,201 11,882,943
Accounts payable and other accrued liabilities 2,191,053 2,416,283
Management fees payable 1,745,325 1,735,024
Unearned revenue 543,050 155,961
Total Liabilities 169,357,813 216,823,091
Equity    
Series A Cumulative Redeemable Preferred Stock 7.375%, $130,000,000 and $56,250,000 liquidation preference ($2,500 per share, $0.001 par value), 10,000,000 authorized; 52,000 and 22,500 issued and outstanding at June 30, 2017 and December 31, 2016, respectively 130,000,000 56,250,000
Capital stock, non-convertible, $0.001 par value; 11,901,681 and 11,886,216 shares issued and outstanding at June 30, 2017 and December 31, 2016 (100,000,000 shares authorized) 11,902 11,886
Additional paid-in capital 343,585,389 350,217,746
Accumulated other comprehensive loss (5,218) (11,196)
Total CorEnergy Equity 473,592,073 406,468,436
Non-controlling interest 27,780,223 27,441,044
Total Equity 501,372,296 433,909,480
Total Liabilities and Equity $ 670,730,109 $ 650,732,571