Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Assets    
Leased property, net of accumulated depreciation of $72,155,753 and $52,219,717 $ 465,956,467 $ 489,258,369
Property and equipment, net of accumulated depreciation of $12,643,636 and $9,292,712 113,158,872 116,412,806
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 2,958,315 9,287,209
Cash and cash equivalents 15,787,069 7,895,084
Deferred rent receivable 22,060,787 14,876,782
Accounts and other receivables 3,786,036 4,538,884
Deferred costs, net of accumulated amortization of $623,764 and $2,261,151 3,504,916 3,132,050
Prepaid expenses and other assets 742,154 354,230
Deferred tax asset, net 2,244,629 1,758,289
Goodwill 1,718,868 1,718,868
Total Assets 633,418,113 650,732,571
Liabilities and Equity    
Secured credit facilities, net of debt issuance costs of $254,646 and $212,592 (including $0 and $8,860,577 with related party) 40,745,354 89,387,985
Unsecured convertible senior notes, net of discount and debt issuance costs of $1,967,917 and $2,755,105 112,032,083 111,244,895
Asset retirement obligation 9,170,493 11,882,943
Accounts payable and other accrued liabilities 2,333,782 2,416,283
Management fees payable 1,748,426 1,735,024
Income tax liability 2,204,626 0
Unearned revenue 3,397,717 155,961
Total Liabilities 171,632,481 216,823,091
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 December 31, 2017 and December 31, 2016, respectively 130,000,000 56,250,000
Capital stock, non-convertible, $0.001 par value; 11,915,830 and 11,886,216 shares issued and outstanding at December 31, 2017 and December 31, 2016 (100,000,000 shares authorized) 11,916 11,886
Additional paid-in capital 331,773,716 350,217,746
Accumulated other comprehensive loss 0 (11,196)
Total CorEnergy Equity 461,785,632 406,468,436
Non-controlling Interest 0 27,441,044
Total Equity 461,785,632 433,909,480
Total Liabilities and Equity $ 633,418,113 $ 650,732,571