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Concentrations
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9 Months Ended | ||
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Aug. 31, 2012
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| Concentrations [Abstract] | |||
| 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 August 31, 2012, investments in securities of energy infrastructure companies represented approximately 69 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. The Company’s leased property at August 31, 2012 is leased to a single entity, Public Service Company of New Mexico, as further described in Note 8. Public Service Company of New Mexico’s financial condition and ability and willingness to satisfy its obligations under its leases with the Company has a considerable impact on the Company’s results of operations. Omega has a ten-year contract expiring in 2015 to supply natural gas to the Department of Defense (“DOD”). Revenue related to the DOD contract accounted for 69 percent of sales revenues for the three month period from May 1, 2012 through August 31, 2012 and 82 percent of sales revenues for the nine month period from December 1, 2011 through August 31, 2012. 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. Amounts due from the DOD, account for 76 percent of the consolidated accounts receivable balance at August 31, 2012. Mowood’s contracts for its supply of natural gas are concentrated among select providers. Payments to its largest supplier of natural gas to-date during 2012, accounted for 5 percent of cost of sales for the three month period from May 1, 2012 through August 31, 2012, and 30 percent of cost of sales for the nine month period from December 1, 2011 through August 31, 2012.
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