Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Mar. 31, 2014
Dec. 31, 2013
Assets    
Leased property, net of accumulated depreciation of $15,815,415 and $12,754,588 $ 271,125,556 $ 232,220,618
Other equity securities, at fair value 24,107,243 23,304,321
Cash and cash equivalents 23,095,733 17,963,266
Property and equipment, net of accumulated depreciation of $2,108,495 and $2,037,685 3,247,673 3,318,483
Mortgage note and related accrued interest receivable, net 4,107,955 0
Lease receivable 438,239 711,229
Accounts receivable 2,213,860 2,068,193
Intangible lease asset, net of accumulated amortization of $802,832 and $729,847 at March 31, 2014 and December 31, 2013, respectively 291,939 364,924
Deferred debt issuance costs, net of accumulated amortization of $717,670 and $572,830 1,080,684 1,225,524
Deferred lease costs, net of accumulated amortization of $78,613 and $63,272 841,849 857,190
Hedged derivative asset 611,326 680,968
Current Tax Asset 0 834,382
Prepaid expenses and other assets 433,618 326,561
Total Assets 331,595,675 283,875,659
Liabilities and Equity    
Current maturities of long-term debt 3,528,000 2,940,000
Long-term debt 66,178,000 67,060,000
Accounts payable and other accrued liabilities 2,786,408 2,920,267
Unearned revenue 2,844,914 0
Deferred tax liability 4,991,526 5,332,087
Accrued Income Taxes, Current 198,865 0
Line of credit 483,105 81,935
Total Liabilities 81,010,818 78,334,289
Equity    
Warrants, no par value; 0 and 945,594 issued and outstanding at March 31, 2014 and December 31, 2013, respectively (5,000,000 authorized) 0 1,370,700
Capital stock, non-convertible, $0.001 par value; 31,635,537 shares issued and outstanding at March 31, 2014 and 24,156,163 shares issued and outstanding at December 31, 2013 (100,000,000 shares authorized) 31,635 24,156
Additional paid-in capital 220,458,108 173,441,019
Accumulated retained earnings 665,698 1,580,062
Accumulated other comprehensive income 706,783 777,403
Total CorEnergy Equity 221,862,224 177,193,340
Non-controlling Interest 28,722,633 28,348,030
Total Equity 250,584,857 205,541,370
Total Liabilities and Equity $ 331,595,675 $ 283,875,659