Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Dec. 31, 2013
Dec. 31, 2012
Nov. 30, 2012
Assets      
Leased property, net of accumulated depreciation of $12,754,588, $1,131,680, and $1,607,624 at December 31, 2013, November 30, 2012, and December 31, 2012, respectively $ 232,220,618 $ 243,078,709 $ 12,995,169
Other equity securities, at fair value 23,304,321 19,707,126 19,866,621
Cash and cash equivalents 17,963,266 17,680,783 14,333,456
Trading securities, at fair value 0 4,318,398 55,219,411
Property and equipment, net of accumulated depreciation of $2,037,685, $1,751,202, and $1,774,616 at December 31, 2013, November 30, 2012, and December 31, 2012, respectively 3,318,483 3,566,030 3,589,022
Escrow receivable 0 698,729 698,729
Accounts receivable 2,068,193 922,894 1,570,257
Lease receivable 711,229 0 0
Intangible lease asset, net of accumulated amortization of $729,847, $413,580, and $437,908 at December 31, 2013, November 30, 2012, and December 31, 2012 respectively 364,924 656,863 681,191
Deferred debt issuance costs, net of accumulated amortization of $572,830, $0 and $16,350 at December 31, 2013, November 30, 2012, and December 31, 2012, respectively 1,225,524 1,520,823 0
Deferred lease costs, net of accumulated amortization of $63,272, $0, and $1,967 at December 31, 2013, November 30, 2012, and December 31, 2012, respectively 857,190 912,875 0
Hedged derivative asset 680,968 0 0
Income tax receivable 834,382 0 0
Prepaid expenses and other assets 326,561 598,755 2,477,977
Total Assets 283,875,659 293,661,985 111,431,833
Liabilities and Equity      
Long-term debt 70,000,000 70,000,000 0
Accounts payable and other accrued liabilities 2,920,267 4,413,420 2,885,631
Lease obligation 0 20,698 27,522
Income tax liability 0 3,855,947 0
Deferred tax liability 5,332,087 2,396,043 7,172,133
Line of credit 81,935 0 120,000
Unearned revenue 0 2,133,685 2,370,762
Total Liabilities 78,334,289 82,819,793 12,576,048
Equity      
Warrants, no par value; 945,594 issued and outstanding at December 31, 2013, November 30, 2012, and December 31, 2012 (5,000,000 authorized) 1,370,700 1,370,700 1,370,700
Capital stock, non-convertible, $0.001 par value; 24,156,163 shares issued and outstanding at December 31, 2013, 9,190,667 shares issued and outstanding at November 30, 2012, and 24,140,667 shares issued and outstanding at December 31, 2012 (100,000,000 shares authorized) 24,156 24,141 9,191
Additional paid-in capital 173,441,019 175,256,675 91,763,475
Accumulated retained earnings 1,580,062 4,209,023 5,712,419
Accumulated other comprehensive income 777,403 0 0
Total CorEnergy Equity 177,193,340 180,860,539 98,855,785
Non-controlling Interest 28,348,030 29,981,653 0
Total Equity 205,541,370 210,842,192 98,855,785
Total Liabilities and Equity $ 283,875,659 $ 293,661,985 $ 111,431,833