| Schedule of Quarterly Financial Information |
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For the Fiscal Quarters Ended |
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March 31,
2014
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June 30,
2014
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September 30,
2014
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December 31,
2014
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Lease revenue |
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$ |
6,762,408 |
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$ |
7,065,677 |
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$ |
7,191,187 |
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$ |
7,204,493 |
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Sales revenue |
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3,259,530 |
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1,813,607 |
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1,741,209 |
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2,894,556 |
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Financing revenue |
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25,619 |
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139,728 |
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413,482 |
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498,984 |
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Transportation revenue |
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— |
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— |
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— |
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1,298,093 |
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Total revenue |
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10,047,557 |
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9,019,012 |
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9,345,878 |
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11,896,126 |
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Cost of sales |
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2,707,358 |
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1,384,998 |
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1,284,711 |
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1,914,901 |
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Transportation, maintenance and general and administrative |
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— |
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— |
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— |
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458,872 |
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Management fees, net of expense reimbursements |
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783,868 |
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761,265 |
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813,921 |
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1,108,606 |
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All other expenses |
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4,018,806 |
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4,007,481 |
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4,490,185 |
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5,924,786 |
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Total expenses |
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7,510,032 |
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6,153,744 |
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6,588,817 |
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9,407,165 |
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Income (loss) from operations, before income taxes |
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2,537,525 |
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2,865,268 |
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2,757,061 |
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2,488,961 |
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Realized and unrealized gain (loss) on securities transactions, before income taxes |
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1,294,182 |
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2,084,026 |
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(865,470 |
) |
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(2,978,764 |
) |
Distributions and income from investments, net |
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5,056 |
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5,988 |
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1,688,830 |
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|
136,909 |
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Interest expense |
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(826,976 |
) |
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(819,360 |
) |
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(977,635 |
) |
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(1,051,151 |
) |
Total other income (loss) and expense, net, before income taxes |
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472,262 |
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1,270,654 |
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(154,275 |
) |
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(3,893,006 |
) |
Income (loss) before income taxes |
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3,009,787 |
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4,135,922 |
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2,602,786 |
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(1,404,045 |
) |
Current and deferred tax expense, net |
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513,513 |
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|
742,879 |
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324,883 |
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(1,806,838 |
) |
Net income |
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$ |
2,496,274 |
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$ |
3,393,043 |
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$ |
2,277,903 |
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$ |
402,793 |
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Net income attributable to non-controlling interest |
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$ |
391,114 |
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$ |
387,135 |
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$ |
389,485 |
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$ |
388,423 |
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Net income attributable to CORR stockholders |
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$ |
2,105,160 |
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$ |
3,005,908 |
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$ |
1,888,418 |
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$ |
14,370 |
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Basic and diluted earnings per share |
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$ |
0.07 |
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$0.10 |
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$ |
0.06 |
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$ |
— |
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For the Fiscal Quarters Ended |
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March 31,
2013 |
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June 30,
2013 |
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September 30,
2013
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December 31,
2013
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Lease revenue |
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$ |
5,638,244 |
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$ |
5,638,244 |
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$ |
5,638,244 |
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$ |
5,638,244 |
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Sales revenue |
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2,515,573 |
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1,929,772 |
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1,935,868 |
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2,351,831 |
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Total revenue |
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8,153,817 |
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7,568,016 |
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7,574,112 |
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7,990,075 |
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Cost of sales |
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2,003,639 |
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1,476,348 |
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1,411,318 |
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1,843,360 |
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Management fees |
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643,814 |
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646,394 |
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647,380 |
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699,677 |
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All other expenses |
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3,705,925 |
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3,845,005 |
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4,227,013 |
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3,880,512 |
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Total expenses |
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6,353,378 |
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5,967,747 |
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6,285,711 |
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6,423,549 |
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Income (loss) from operations, before income taxes |
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1,800,439 |
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1,600,269 |
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1,288,401 |
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1,566,526 |
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Realized and unrealized gain (loss) on securities transactions, before income taxes |
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2,742,049 |
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(30,976 |
) |
|
872,020 |
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1,783,460 |
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Distributions and income from investments, net |
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13,124 |
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|
2,701 |
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|
568,332 |
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|
657 |
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Interest expense, net |
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(737,381 |
) |
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(907,275 |
) |
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(818,134 |
) |
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(825,588 |
) |
Total other income (loss) and expense, net, before income taxes |
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2,017,792 |
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(935,550 |
) |
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622,218 |
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|
958,529 |
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Income (loss) before income taxes |
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3,818,231 |
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|
664,719 |
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1,910,619 |
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2,525,055 |
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Current and deferred tax expense, net |
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1,020,944 |
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|
241,754 |
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1,105,125 |
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|
581,695 |
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Net income |
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$ |
2,797,287 |
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$ |
422,965 |
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$ |
805,494 |
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$ |
1,943,360 |
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Net income attributable to non-controlling interest |
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$ |
384,534 |
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$ |
352,893 |
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$ |
366,042 |
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$ |
363,298 |
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Net income attributable to CORR stockholders |
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$ |
2,412,753 |
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$ |
70,072 |
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$ |
439,452 |
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$ |
1,580,062 |
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Basic and diluted earnings per share |
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$ |
0.10 |
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$ |
— |
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$ |
0.02 |
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$ |
0.06 |
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