|
CorEnergy Infrastructure Trust, Inc.
|
Consolidated Balance Sheet
|
|
December 31, 2023
|
Unaudited
|
Assets
|
Property and equipment, net of accumulated depreciation of $36,909,023
|
$
|
86,056,269
|
Financing notes and related accrued interest receivable, net of reserve of $50,000
|
606,850
|
Cash and cash equivalents
|
9,200,695
|
Accounts and other receivables
|
10,357,380
|
Due from affiliated companies
|
12,500
|
Deferred costs, net of accumulated amortization of $1,039,918
|
102,428
|
Inventory
|
2,283,592
|
Prepaid expenses and other assets
|
9,072,383
|
Operating right-of-use assets
|
6,070,298
|
Deferred tax asset, net
|
206,630
|
Assets held-for-sale
|
109,324,629
|
Total Assets
|
$
|
233,293,654
|
|
Liabilities and Equity
|
Secured credit facilities, net of debt issuance costs of $163,980
|
$
|
105,864,684
|
Unsecured convertible senior notes, net of discount and debt issuance costs of $1,068,771
|
116,952,565
|
Accounts payable and other accrued liabilities
|
27,600,005
|
Income tax payable
|
21,982
|
Due to affiliated companies
|
118,775
|
Operating lease liability
|
6,480,693
|
Unearned revenue
|
390,749
|
Liabilities held-for-sale
|
5,969,221
|
Total Liabilities
|
$
|
263,398,674
|
|
Equity
|
Series A Cumulative Redeemable Preferred Stock 7.375%, $139,078,195 liquidation preference ($2,500 per share, $0.001 par value), 69,367,000 authorized; 51,810 issued and outstanding at December 31, 2023
|
$
|
129,525,675
|
Common stock, non-convertible, $0.001 par value; 15,353,833 shares issued and outstanding at December 31, 2023 (100,000,000 shares authorized)
|
15,354
|
Class B Common Stock, $0.001 par value; 683,761 shares issued and outstanding at December 31, 2023 (11,896,100 shares authorized)
|
684
|
Additional paid-in capital
|
327,285,007
|
Retained deficit
|
(607,062,016)
|
Total CorEnergy Equity
|
(150,235,296)
|
Non-controlling interest
|
120,130,276
|
Total Equity
|
(30,105,020)
|
Total Liabilities and Equity
|
$
|
233,293,654
|