Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited)

v2.4.1.9
Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (Unaudited)
 
 
For the Fiscal Quarters Ended
 
 
March 31,
 2014
 
June 30,
 2014
 
September 30,
2014
 
December 31,
2014
Lease revenue
 
$
6,762,408

 
$
7,065,677

 
$
7,191,187

 
$
7,204,493

Sales revenue
 
3,259,530

 
1,813,607

 
1,741,209

 
2,894,556

Financing revenue
 
25,619

 
139,728

 
413,482

 
498,984

Transportation revenue
 

 

 

 
1,298,093

Total revenue
 
10,047,557

 
9,019,012

 
9,345,878

 
11,896,126

Cost of sales
 
2,707,358

 
1,384,998

 
1,284,711

 
1,914,901

Transportation, maintenance and general and administrative
 

 

 

 
458,872

Management fees, net of expense reimbursements
 
783,868

 
761,265

 
813,921

 
1,108,606

All other expenses
 
4,018,806

 
4,007,481

 
4,490,185

 
5,924,786

Total expenses
 
7,510,032

 
6,153,744

 
6,588,817

 
9,407,165

Income (loss) from operations, before income taxes
 
2,537,525

 
2,865,268

 
2,757,061

 
2,488,961

Realized and unrealized gain (loss) on securities transactions, before income taxes
 
1,294,182

 
2,084,026

 
(865,470
)
 
(2,978,764
)
Distributions and income from investments, net
 
5,056

 
5,988

 
1,688,830

 
136,909

Interest expense
 
(826,976
)
 
(819,360
)
 
(977,635
)
 
(1,051,151
)
Total other income (loss) and expense, net, before income taxes
 
472,262

 
1,270,654

 
(154,275
)
 
(3,893,006
)
Income (loss) before income taxes
 
3,009,787

 
4,135,922

 
2,602,786

 
(1,404,045
)
Current and deferred tax expense, net
 
513,513

 
742,879

 
324,883

 
(1,806,838
)
Net income
 
$
2,496,274

 
$
3,393,043

 
$
2,277,903

 
$
402,793

Net income attributable to non-controlling interest
 
$
391,114

 
$
387,135

 
$
389,485

 
$
388,423

Net income attributable to CORR stockholders
 
$
2,105,160

 
$
3,005,908

 
$
1,888,418

 
$
14,370

Basic and diluted earnings per share
 
$
0.07

 
$0.10
 
$
0.06

 
$

 
 
For the Fiscal Quarters Ended
 
 
March 31,
2013
 
June 30,
2013
 
September 30,
2013
 
December 31,
2013
Lease revenue
 
$
5,638,244

 
$
5,638,244

 
$
5,638,244

 
$
5,638,244

Sales revenue
 
2,515,573

 
1,929,772

 
1,935,868

 
2,351,831

Total revenue
 
8,153,817

 
7,568,016

 
7,574,112

 
7,990,075

Cost of sales
 
2,003,639

 
1,476,348

 
1,411,318

 
1,843,360

Management fees
 
643,814

 
646,394

 
647,380

 
699,677

All other expenses
 
3,705,925

 
3,845,005

 
4,227,013

 
3,880,512

Total expenses
 
6,353,378

 
5,967,747

 
6,285,711

 
6,423,549

Income (loss) from operations, before income taxes
 
1,800,439

 
1,600,269

 
1,288,401

 
1,566,526

Realized and unrealized gain (loss) on securities transactions, before income taxes
 
2,742,049

 
(30,976
)
 
872,020

 
1,783,460

Distributions and income from investments, net
 
13,124

 
2,701

 
568,332

 
657

Interest expense, net
 
(737,381
)
 
(907,275
)
 
(818,134
)
 
(825,588
)
Total other income (loss) and expense, net, before income taxes
 
2,017,792

 
(935,550
)
 
622,218

 
958,529

Income (loss) before income taxes
 
3,818,231

 
664,719

 
1,910,619

 
2,525,055

Current and deferred tax expense, net
 
1,020,944

 
241,754

 
1,105,125

 
581,695

Net income
 
$
2,797,287

 
$
422,965

 
$
805,494

 
$
1,943,360

Net income attributable to non-controlling interest
 
$
384,534

 
$
352,893

 
$
366,042

 
$
363,298

Net income attributable to CORR stockholders
 
$
2,412,753

 
$
70,072

 
$
439,452

 
$
1,580,062

Basic and diluted earnings per share
 
$
0.10

 
$

 
$
0.02

 
$
0.06