| Summary balance sheet and Income Statement |
Summary Balance Sheets and Statements of Income for the one-month transition periods ending December 31, 2012 and December 31, 2011 are presented below for comparative purposes. For further information please refer to the section with Management's Discussion and Analysis.
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CorEnergy Historical Summary Consolidated Balance Sheets |
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December 31, 2012
(Unaudited)
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December 31, 2011
(Unaudited)
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Current assets |
$ |
19,202,432 |
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$ |
5,307,970 |
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Non-current assets |
274,459,553 |
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90,623,108 |
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Total Assets |
$ |
293,661,985 |
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$ |
95,931,078 |
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Current liabilities |
$ |
8,290,065 |
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$ |
1,552,281 |
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Non-current liabilities |
74,529,728 |
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2,894,200 |
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Total Liabilities |
82,819,793 |
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4,446,481 |
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Shareholder's equity |
210,842,192 |
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91,484,597 |
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Total Liabilities and Shareholder's Equity |
$ |
293,661,985 |
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$ |
95,931,078 |
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CorEnergy Historical Summary Consolidated Statements of Income |
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For the One-
Month Transition Period Ended December 31, 2012
(Unaudited)
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For the One-
Month Transition Period Ended December 31, 2011
(Unaudited)
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Revenues |
$ |
1,726,901 |
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$ |
1,079,612 |
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Expenses |
1,826,422 |
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993,919 |
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Operating Income (Loss) |
(99,521 |
) |
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85,693 |
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Other Income (Expense), net |
(2,342,365 |
) |
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1,601,084 |
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Income (Loss) before income tax benefit (provision) |
(2,441,886 |
) |
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1,686,777 |
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Income tax benefit (provision) |
920,143 |
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(628,493 |
) |
Net Income (Loss) |
(1,521,743 |
) |
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1,058,284 |
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Less: Net Income (Loss) attributable to non-controlling interest |
(18,347 |
) |
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— |
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Net Income (Loss) attributable to CORR Stockholders |
$ |
(1,503,396 |
) |
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$ |
1,058,284 |
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