Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
Nov. 30, 2012
Nov. 30, 2011
Assets    
Trading securities, at fair value $ 55,219,411 $ 27,037,642
Other equity securities, at fair value 19,866,621 41,856,730
Leased property, net of accumulated depreciation of $1,131,680, and $294,309, respectively 12,995,169 13,832,540
Cash and cash equivalents 14,333,456 2,793,326
Property and equipment, net of accumulated depreciation of $1,751,202 and $1,483,616, respectively 3,589,022 3,842,675
Escrow receivable 698,729 1,677,052
Accounts receivable 1,570,257 1,402,955
Intangible lease asset, net of accumulated amortization of $413,580 and $121,641, respectively 681,191 973,130
Lease receivable   474,152
Prepaid expenses 537,184 140,017
Receivable for Adviser expense reimbursement   121,962
Deferred tax asset   27,536
Other assets 1,940,793 107,679
Total Assets 111,431,833 94,287,396
Liabilities and Stockholders' Equity Liabilities    
Management fees payable to Adviser 249,326 365,885
Accounts payable and other accrued liabilities 2,636,305 1,107,765
Line of credit 120,000  
Long-term debt   2,279,883
Lease obligation 27,522 107,550
Deferred tax liability 7,172,133  
Unearned Income 2,370,762  
Total Liabilities 12,576,048 3,861,083
Stockholders' Equity    
Warrants, no par value; 945,594 issued and outstanding at November 30, 2012 and November 30, 2011 (5,000,000 authorized) 1,370,700 1,370,700
Capital stock, non-convertible, $0.001 par value; 9,190,667 shares issued and outstanding at November 30, 2012 and 9,176,889 shares issued and outstanding at November 30, 2011 (100,000,000 shares authorized) 9,191 9,177
Additional paid-in capital 91,763,475 95,682,738
Accumulated retained earnings (deficit) 5,712,419 (6,636,302)
Total Stockholders' Equity 98,855,785 90,426,313
Total Liabilities and Stockholders' Equity $ 111,431,833 $ 94,287,396