Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
Jun. 30, 2014
Dec. 31, 2013
Assets    
Leased property, net of accumulated depreciation of $18,949,516 and $12,754,588 $ 270,189,704 $ 232,220,618
Other equity securities, at fair value 25,786,785 23,304,321
Financing note and related accrued interest receivable, net 4,299,356 0
Cash and cash equivalents 18,986,616 17,963,266
Property and equipment, net of accumulated depreciation of $2,179,305 and $2,037,685 3,176,863 3,318,483
Lease receivable 1,099,264 711,229
Accounts receivable 1,116,161 2,068,193
Intangible lease asset, net of accumulated amortization of $875,816 and $729,847 218,955 364,924
Deferred debt issuance costs, net of accumulated amortization of $862,512 and $572,830 935,842 1,225,524
Deferred lease costs, net of accumulated amortization of $93,955 and $63,272 826,507 857,190
Hedged derivative asset 294,607 680,968
Income tax receivable 412,495 834,382
Prepaid expenses and other assets 483,614 326,561
Total Assets 327,826,769 283,875,659
Liabilities and Equity    
Current maturities of long-term debt 3,528,000 2,940,000
Long-term debt (net of current maturities) 65,296,000 67,060,000
Accounts payable and other accrued liabilities 2,961,460 2,920,267
Unearned revenue 2,133,686 0
Deferred tax liability 5,734,405 5,332,087
Line of credit 0 81,935
Total Liabilities 79,653,551 78,334,289
Equity    
Warrants, no par value; 0 and 945,594 issued and outstanding at June 30, 2014 and December 31, 2013, respectively (5,000,000 authorized) 0 1,370,700
Capital stock, non-convertible, $0.001 par value; 31,640,158 shares issued and outstanding at June 30, 2014 and 24,156,163 shares issued and outstanding at December 31, 2013 (100,000,000 shares authorized) 31,640 24,156
Additional paid-in capital 220,080,751 173,441,019
Accumulated retained earnings 0 1,580,062
Accumulated other comprehensive income 435,945 777,403
Total CorEnergy Equity 220,548,336 177,193,340
Non-controlling Interest 27,624,882 28,348,030
Total Equity 248,173,218 205,541,370
Total Liabilities and Equity $ 327,826,769 $ 283,875,659