Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
May 31, 2012
Nov. 30, 2011
Assets    
Trading securities, at fair value $ 25,505,035 $ 27,037,642
Other equity securities, at fair value 53,314,589 41,856,730
Leased property, net of accumulated depreciation of $647,481 and $294,309, respectively 13,479,369 13,832,540
Cash and cash equivalents 3,078,640 2,793,326
Property and equipment, net of accumulated depreciation of $1,610,766 and $1,483,616, respectively 3,729,458 3,842,675
Escrow receivable 1,677,052 1,677,052
Accounts receivable 1,610,176 1,402,955
Intangible lease asset, net of accumulated amortization of $267,611 and $121,641, respectively 827,160 973,130
Lease receivable 474,152 474,152
Prepaid expenses 402,177 140,017
Receivable for Adviser expense reimbursement 0 121,962
Deferred tax asset 0 27,536
Other assets 636,831 107,679
Total Assets 104,734,639 94,287,396
Liabilities    
Management fees payable to Adviser 254,957 365,885
Distribution payable to common stockholders 1,009,908 0
Accounts payable 376,571 597,157
Line of credit 840,000 0
Long-term debt 928,453 2,279,883
Lease obligation 67,960 107,550
Deferred tax liability 4,618,540 0
Accrued expenses and other liabilities 473,106 510,608
Total Liabilities 8,569,495 3,861,083
Stockholders' Equity    
Warrants, no par value; 945,594 issued and outstanding at May 31, 2012 and November 30, 2011 (5,000,000 authorized) 1,370,700 1,370,700
Capital stock, non-convertible, $0.001 par value; 9,180,935 shares issued and outstanding at May 31, 2012 and 9,176,889 shares issued and outstanding at November 30, 2011 (100,000,000 shares authorized) 9,181 9,177
Additional paid-in capital 93,697,764 95,682,738
Accumulated retained earnings (deficit) 1,087,499 (6,636,302)
Total Stockholders' Equity 96,165,144 90,426,313
Total Liabilities and Stockholders' Equity $ 104,734,639 $ 94,287,396