| Schedule of Quarterly Financial Information |
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For the Fiscal Quarters Ended |
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March 31, 2013 |
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June 30, 2013 |
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September 30, 2013 |
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December 31, 2013 |
Lease revenue |
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$ |
5,638,244 |
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$ |
5,638,244 |
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$ |
5,638,244 |
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$ |
5,638,244 |
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Sales revenue |
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2,515,573 |
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1,929,772 |
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1,935,868 |
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2,351,831 |
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Total revenue |
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8,153,817 |
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7,568,016 |
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7,574,112 |
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7,990,075 |
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Cost of sales |
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2,003,639 |
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1,476,348 |
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1,411,318 |
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1,843,360 |
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Management fees, net of expense reimbursements |
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643,814 |
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646,394 |
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647,380 |
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699,677 |
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All other expenses |
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3,705,925 |
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3,845,005 |
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4,227,013 |
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3,880,512 |
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Total expenses |
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6,353,378 |
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5,967,747 |
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6,285,711 |
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6,423,549 |
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Income (loss) from operations, before income taxes |
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1,800,439 |
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1,600,269 |
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1,288,401 |
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1,566,526 |
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Realized and unrealized gain (loss) on securities transactions, before income taxes |
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2,742,049 |
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(30,976 |
) |
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872,020 |
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1,783,460 |
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Distributions and income from investments, net |
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13,124 |
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|
2,701 |
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568,332 |
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|
657 |
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Income tax expense, net |
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(737,381 |
) |
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(907,275 |
) |
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(818,134 |
) |
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(825,588 |
) |
Total other income (loss) and expense, net, before income taxes |
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2,017,792 |
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(935,550 |
) |
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622,218 |
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958,529 |
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Income (loss) before income taxes |
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3,818,231 |
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664,719 |
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1,910,619 |
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2,525,055 |
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Current and deferred tax expense, net |
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1,020,944 |
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|
241,754 |
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1,105,125 |
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|
581,695 |
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Net income |
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$ |
2,797,287 |
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$ |
422,965 |
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$ |
805,494 |
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$ |
1,943,360 |
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Net income attributable to non-controlling interest |
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$ |
384,534 |
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$ |
352,893 |
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$ |
366,042 |
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$ |
363,298 |
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Net income attributable to CORR stockholders |
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$ |
2,412,753 |
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$ |
70,072 |
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$ |
439,452 |
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$ |
1,580,062 |
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Basic and diluted earnings per share |
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$ |
0.10 |
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$0.00 |
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$ |
0.02 |
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$ |
0.06 |
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For the Fiscal Quarters Ended |
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February 28,
2012
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May 31,
2012
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August 31,
2012
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November 30,
2012
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Lease income |
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$ |
638,244 |
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$ |
638,244 |
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$ |
638,244 |
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$ |
638,243 |
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Sales revenue |
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2,437,310 |
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1,439,958 |
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1,927,626 |
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2,216,128 |
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Total revenue |
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3,075,554 |
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2,078,202 |
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2,565,870 |
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2,854,371 |
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Cost of sales |
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2,004,672 |
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1,031,114 |
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1,381,161 |
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1,661,155 |
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Management fees, net of expense reimbursements |
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247,381 |
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254,965 |
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298,051 |
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246,399 |
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All other expenses |
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599,865 |
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892,759 |
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1,082,911 |
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1,117,268 |
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Total expenses |
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2,851,918 |
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2,178,838 |
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2,762,123 |
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3,024,822 |
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Income (loss) from operations, before income taxes |
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223,636 |
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(100,636 |
) |
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(196,253 |
) |
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(170,451 |
) |
Realized and unrealized gain (loss) on securities transactions, before income taxes |
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8,931,466 |
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3,237,325 |
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8,492,502 |
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(479,416 |
) |
Distributions and income from investments, net |
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85,262 |
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55,462 |
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(502,176 |
) |
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82,057 |
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Interest Expense |
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(27,409 |
) |
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(25,229 |
) |
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(16,780 |
) |
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(11,705 |
) |
Total other income (loss) and expense, net, before income taxes |
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8,989,319 |
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3,267,558 |
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7,973,546 |
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(409,064 |
) |
Income (loss) before income taxes |
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9,212,955 |
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3,166,922 |
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7,777,293 |
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(579,515 |
) |
Current and deferred tax expense, net |
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(3,465,914 |
) |
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(1,190,162 |
) |
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(2,788,785 |
) |
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215,927 |
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Net income |
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$ |
5,747,041 |
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$ |
1,976,760 |
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$ |
4,988,508 |
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$ |
(363,588 |
) |
Basic and diluted earnings (loss) per share |
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$ |
0.63 |
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$ |
0.21 |
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$ |
0.54 |
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$ |
(0.04 |
) |
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