Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Sep. 30, 2014
Dec. 31, 2013
Assets    
Leased property, net of accumulated depreciation of $22,115,766 and $12,754,588 $ 268,670,473 $ 232,220,618
Other equity securities, at fair value 25,420,877 23,304,321
Financing notes and related accrued interest receivable, net 15,510,956 0
Cash and cash equivalents 5,476,216 17,963,266
Property and equipment, net of accumulated depreciation of $2,243,135 and $2,037,685 3,116,874 3,318,483
Lease receivable 1,421,211 711,229
Accounts receivable 1,086,587 2,068,193
Warrant Investment 508,000 0
Intangible lease asset, net of accumulated amortization of $948,800 and $729,847 145,971 364,924
Deferred debt issuance costs, net of accumulated amortization of $918,811 and $572,830 1,081,881 1,225,524
Deferred lease costs, net of accumulated amortization of $109,299 and $63,272 811,164 857,190
Hedged derivative asset 577,584 680,968
Income tax receivable 0 834,382
Prepaid expenses and other assets 497,391 326,561
Total Assets 324,325,185 283,875,659
Liabilities and Equity    
Current maturities of long-term debt 3,528,000 2,940,000
Long-term debt (net of current maturities) 64,414,000 67,060,000
Accounts payable and other accrued liabilities 3,329,284 2,920,267
Unearned revenue 1,422,458 0
Deferred tax liability 5,573,233 5,332,087
Accrued Income Taxes, Current 75,522 0
Line of credit 0 81,935
Total Liabilities 78,342,497 78,334,289
Equity    
Warrants, no par value; 0 and 945,594 issued and outstanding at September 30, 2014 and December 31, 2013, respectively (5,000,000 authorized) 0 1,370,700
Capital stock, non-convertible, $0.001 par value; 31,644,877 shares issued and outstanding at September 30, 2014 and 24,156,163 shares issued and outstanding at December 31, 2013 (100,000,000 shares authorized) 31,645 24,156
Additional paid-in capital 217,893,695 173,441,019
Accumulated retained earnings 0 1,580,062
Accumulated other comprehensive income 650,547 777,403
Total CorEnergy Equity 218,575,887 177,193,340
Non-controlling Interest 27,406,801 28,348,030
Total Equity 245,982,688 205,541,370
Total Liabilities and Equity $ 324,325,185 $ 283,875,659