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Concentrations
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6 Months Ended |
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Jun. 30, 2013
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| Risks and Uncertainties [Abstract] | |
| CONCENTRATIONS |
CONCENTRATIONS
The Company has historically invested in securities of privately-held and publicly-traded companies in the midstream and downstream segments of the U.S. energy infrastructure sector. As of June 30, 2013, investments in securities of energy infrastructure companies represented approximately 7.36 percent of the Company’s total assets. The Company is now focused on identifying and acquiring real property assets in the U.S. energy infrastructure sector that are REIT-qualified.
Mowood, the Company’s wholly-owned subsidiary, has a ten-year contract, expiring in 2015, with the Department of Defense (“DOD”) to provide natural gas and gas distribution services to Fort Leonard Wood. Revenue related to the DOD contract accounted for 85 percent and 87 percent of our sales revenue for the three and six months ended June 30, 2013, respectively, as compared to 85 percent and 89 percent for the three and six months ended May 31, 2012, respectively. Mowood, through its wholly-owned subsidiary Omega, performs management and supervision services related to the expansion of the natural gas distribution system used by the DOD. The amount due from the DOD accounts for 85 percent and 84 percent of the consolidated accounts receivable balances at June 30, 2013 and November 30, 2012, respectively.
Mowood’s contracts for its supply of natural gas are concentrated among select providers. Purchases from its largest supplier of natural gas accounted for 52 percent and 31 percent, of our cost of sales for the three and six months ended June 30, 2013, respectively. This compares to 18 percent and 41 percent for the three and six months ended May 31, 2012, respectively.
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