10-Q/A Filing

CORENERGY INFRASTRUCTURE TRUST, INC. CIK: 1347652 Q1 2012

Filing Information

Form Type	10-Q/A
Accession Number	`0001193125-12-221142`
Period End Date	20120229
Filing Date	20120509
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	tto-20120229.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 44 Cash Flow Statement 48 Stockholders Equity 22

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation, leased property	`PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation`	$294.31K	USD	Point-in-time
Accumulated depreciation, leased property	`PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation`	$470.89K	USD	Point-in-time
Accumulated depreciation, property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.54M	USD	Point-in-time
Trading securities, at fair value	`MarketableSecuritiesCurrent`	$29.50M	USD	Point-in-time
Accumulated depreciation, property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.48M	USD	Point-in-time
Trading securities, at fair value	`MarketableSecuritiesCurrent`	$27.04M	USD	Point-in-time
Other equity securities, at fair value	`TradingSecuritiesEquity`	$41.86M	USD	Point-in-time
Accumulated amortization, intangible lease asset	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$194.63K	USD	Point-in-time
Other equity securities, at fair value	`TradingSecuritiesEquity`	$47.27M	USD	Point-in-time
Accumulated amortization, intangible lease asset	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$121.64K	USD	Point-in-time
Warrants, par value	`WarrantsParValue`	-	USD	Point-in-time
Leased property, net of accumulated depreciation of $470,895 and $294,309, respectively	`PropertySubjectToOrAvailableForOperatingLeaseNet`	$13.66M	USD	Point-in-time
Leased property, net of accumulated depreciation of $470,895 and $294,309, respectively	`PropertySubjectToOrAvailableForOperatingLeaseNet`	$13.83M	USD	Point-in-time
Warrants, par value	`WarrantsParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Warrants, issued	`NumberOfWarrantsIssued`	945,594.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.20M	USD	Point-in-time
Warrants, issued	`NumberOfWarrantsIssued`	945,594.00	shares	Point-in-time
Warrants, outstanding	`ClassOfWarrantOrRightOutstanding`	945,594.00	shares	Point-in-time
Warrants, outstanding	`ClassOfWarrantOrRightOutstanding`	945,594.00	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $1,540,523 and $1,483,616, respectively	`PropertyPlantAndEquipmentNet`	$3.80M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $1,540,523 and $1,483,616, respectively	`PropertyPlantAndEquipmentNet`	$3.84M	USD	Point-in-time
Escrow receivable	`EscrowReceivable`	$1.68M	USD	Point-in-time
Warrants, authorized	`NumberOfWarrantsAuthorized`	5.00M	shares	Point-in-time
Warrants, authorized	`NumberOfWarrantsAuthorized`	5.00M	shares	Point-in-time
Escrow receivable	`EscrowReceivable`	$1.68M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$2.22M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$1.40M	USD	Point-in-time
Capital stock non-convertible, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Capital stock non-convertible, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Intangible lease asset, net of accumulated amortization of $194,626 and $121,641, respectively	`FiniteLivedIntangibleAssetsNet`	$973.13K	USD	Point-in-time
Capital stock non-convertible, shares issued	`CommonStockSharesIssued`	9.18M	shares	Point-in-time
Capital stock non-convertible, shares issued	`CommonStockSharesIssued`	9.18M	shares	Point-in-time
Intangible lease asset, net of accumulated amortization of $194,626 and $121,641, respectively	`FiniteLivedIntangibleAssetsNet`	$900.14K	USD	Point-in-time
Capital stock non-convertible, shares outstanding	`CommonStockSharesOutstanding`	9.18M	shares	Point-in-time
Lease receivable	`LoansAndLeasesReceivableGrossCarryingAmount`	$1.19M	USD	Point-in-time
Lease receivable	`LoansAndLeasesReceivableGrossCarryingAmount`	$474.15K	USD	Point-in-time
Capital stock non-convertible, shares outstanding	`CommonStockSharesOutstanding`	9.18M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$140.02K	USD	Point-in-time
Capital stock non-convertible, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Capital stock non-convertible, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$217.80K	USD	Point-in-time
Receivable for Adviser expense reimbursement	`ReceivableForAdviserExpenseReimbursement`	-	USD	Point-in-time
Receivable for Adviser expense reimbursement	`ReceivableForAdviserExpenseReimbursement`	$121.96K	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNet`	$27.54K	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNet`	-	USD	Point-in-time
Other assets	`OtherAssets`	$322.00K	USD	Point-in-time
Other assets	`OtherAssets`	$107.68K	USD	Point-in-time
Total Assets	`Assets`	$104.22M	USD	Point-in-time
Total Assets	`Assets`	$94.29M	USD	Point-in-time
Management fees payable to Adviser	`OtherAccruedLiabilitiesCurrent`	$365.88K	USD	Point-in-time
Management fees payable to Adviser	`OtherAccruedLiabilitiesCurrent`	$247.38K	USD	Point-in-time
Distribution payable to common stockholders	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Distribution payable to common stockholders	`DividendsPayableCurrentAndNoncurrent`	$1.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$597.16K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$507.81K	USD	Point-in-time
Line of credit	`LineOfCreditFacilityAmountOutstanding`	-	USD	Point-in-time
Line of credit	`LineOfCreditFacilityAmountOutstanding`	$1.04M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$2.24M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$2.28M	USD	Point-in-time
Lease obligation	`AccruedRentCurrentAndNoncurrent`	$107.55K	USD	Point-in-time
Lease obligation	`AccruedRentCurrentAndNoncurrent`	$87.86K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	-	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$3.43M	USD	Point-in-time
Accrued expenses and other liabilities	`OtherLiabilities`	$489.38K	USD	Point-in-time
Accrued expenses and other liabilities	`OtherLiabilities`	$510.61K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.86M	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.05M	USD	Point-in-time
Warrants, no par value; 945,594 issued and outstanding at February 29, 2012 and November 30, 2011 (5,000,000 authorized)	`WarrantsAndRightsOutstanding`	$1.37M	USD	Point-in-time
Warrants, no par value; 945,594 issued and outstanding at February 29, 2012 and November 30, 2011 (5,000,000 authorized)	`WarrantsAndRightsOutstanding`	$1.37M	USD	Point-in-time
Capital stock, non-convertible, $0.001 par value; 9,176,889 shares issued and outstanding at February 29, 2012 and 9,176,889 shares issued and outstanding at November 30, 2011 (100,000,000 shares authorized)	`CommonStockValue`	$9.18K	USD	Point-in-time
Capital stock, non-convertible, $0.001 par value; 9,176,889 shares issued and outstanding at February 29, 2012 and 9,176,889 shares issued and outstanding at November 30, 2011 (100,000,000 shares authorized)	`CommonStockValue`	$9.18K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$94.67M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$95.68M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-889.26K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.64M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$95.48M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$95.16M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$84.30M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$90.43M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$104.22M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$94.29M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales revenue	`SalesRevenueEnergyServices`	$2.44M	USD	1 Quarter
Lease income	`SaleLeasebackTransactionQuarterlyRentalPayments`	$638.24K	USD	1 Quarter
Total Revenue	`Revenues`	$3.08M	USD	1 Quarter
Cost of sales (excluding depreciation expense)	`CostOfGoodsSold`	$2.00M	USD	1 Quarter
Management fees, net of expense reimbursements	`CostOfServices`	$234.68K	USD	1 Quarter
Management fees, net of expense reimbursements	`CostOfServices`	$247.38K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$80.88K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$108.58K	USD	1 Quarter
Depreciation expense	`Depreciation`	$246.81K	USD	1 Quarter
Operating expenses	`OtherCostAndExpenseOperating`	$172.64K	USD	1 Quarter
Directors' fees	`NoninterestExpenseDirectorsFees`	$14.58K	USD	1 Quarter
Directors' fees	`NoninterestExpenseDirectorsFees`	$14.57K	USD	1 Quarter
Interest expense	`InterestExpense`	$27.41K	USD	1 Quarter
Other expenses	`OtherNoninterestExpense`	$57.26K	USD	1 Quarter
Other expenses	`OtherNoninterestExpense`	$58.39K	USD	1 Quarter
Total Expenses	`CostsAndExpenses`	$2.88M	USD	1 Quarter
Total Expenses	`CostsAndExpenses`	$388.52K	USD	1 Quarter
Gain (loss) from operations	`OperatingIncomeLoss`	$196.23K	USD	1 Quarter
Gain (loss) from operations	`OperatingIncomeLoss`	$-388.52K	USD	1 Quarter
Net distributions and dividend income on securities	`InterestAndDividendIncomeSecurities`	$561.79K	USD	1 Quarter
Net distributions and dividend income on securities	`InterestAndDividendIncomeSecurities`	$85.26K	USD	1 Quarter
Net realized and unrealized gain (loss) on trading securities	`MarketableSecuritiesUnrealizedGainLoss`	$2.86M	USD	1 Quarter
Net realized and unrealized gain (loss) on trading securities	`MarketableSecuritiesUnrealizedGainLoss`	$1.42M	USD	1 Quarter
Net realized and unrealized gain (loss) on other equity securities	`TradingSecuritiesUnrealizedHoldingLoss`	$-6.07M	USD	1 Quarter
Net realized and unrealized gain (loss) on other equity securities	`TradingSecuritiesUnrealizedHoldingLoss`	$744.58K	USD	1 Quarter
Total Other Income	`NonoperatingIncomeExpense`	$1.24M	USD	1 Quarter
Total Other Income	`NonoperatingIncomeExpense`	$9.02M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$851.01K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.21M	USD	1 Quarter
Current tax expense	`CurrentIncomeTaxExpenseBenefit`	$10.00K	USD	1 Quarter
Deferred tax (expense) benefit	`DeferredIncomeTaxExpenseBenefit`	$3.46M	USD	1 Quarter
Deferred tax (expense) benefit	`DeferredIncomeTaxExpenseBenefit`	$-262.26K	USD	1 Quarter
Income tax (expense) benefit, net	`IncomeTaxExpenseBenefit`	$-262.26K	USD	1 Quarter
Income tax (expense) benefit, net	`IncomeTaxExpenseBenefit`	$3.47M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$2.92M	USD	Annual
Net Income	`NetIncomeLoss`	$14.67M	USD	Annual
Net Income	`NetIncomeLoss`	$1.11M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$5.75M	USD	1 Quarter
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.12	USD	1 Quarter
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.63	USD	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	9.15M	shares	Point-in-time
Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	9.18M	shares	Point-in-time
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.11	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$2.92M	USD	Annual
Net Income	`NetIncomeLoss`	$14.67M	USD	Annual
Net Income	`NetIncomeLoss`	$1.11M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$5.75M	USD	1 Quarter
Distributions received from investment securities	`DistributionsReceivedFromInvestmentSecurities`	$-305.73K	USD	1 Quarter
Distributions received from investment securities	`DistributionsReceivedFromInvestmentSecurities`	$-1.05M	USD	1 Quarter
Deferred income tax, net	`DeferredIncomeTaxExpenseBenefit`	$3.46M	USD	1 Quarter
Deferred income tax, net	`DeferredIncomeTaxExpenseBenefit`	$-262.26K	USD	1 Quarter
Depreciation expense	`Depreciation`	$246.81K	USD	1 Quarter
Amortization of intangible lease asset	`AmortizationOfIntangibleAssets`	$72.98K	USD	1 Quarter
Amortization of assumed debt premium	`AmortizationOfDebtDiscountPremium`	$-42.53K	USD	1 Quarter
Realized and unrealized gain on trading securities	`UnrealizedGainLossOnSecurities`	$1.42M	USD	1 Quarter
Realized and unrealized gain on trading securities	`UnrealizedGainLossOnSecurities`	$2.86M	USD	1 Quarter
Realized and unrealized (gain) loss on other equity securities	`UnrealizedGainLossOnInvestments`	$-744.58K	USD	1 Quarter
Realized and unrealized (gain) loss on other equity securities	`UnrealizedGainLossOnInvestments`	$6.07M	USD	1 Quarter
Decrease in interest, dividend and distribution receivable	`IncreaseDecreaseInOtherReceivables`	$-42.81K	USD	1 Quarter
Increase in lease receivable	`IncreaseDecreaseInLeasingReceivables`	$711.23K	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$813.04K	USD	1 Quarter
Increase in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$292.11K	USD	1 Quarter
Increase in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.97K	USD	1 Quarter
Increase in management fees payable to Adviser, net of expense reimbursement	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$16.39K	USD	1 Quarter
Increase in management fees payable to Adviser, net of expense reimbursement	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$3.46K	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-89.34K	USD	1 Quarter
Decrease in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-21.23K	USD	1 Quarter
Decrease in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-6.49K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-321.72K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$525.73K	USD	1 Quarter
Purchases of long-term investments	`PaymentsToAcquireInvestments`	$7.97M	USD	1 Quarter
Proceeds from sales of long-term investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$8.18M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.08K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$29.72K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.65K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$206.75K	USD	1 Quarter
Payments on lease obligation	`PaymentsForOtherOperatingActivities`	$19.69K	USD	1 Quarter
Advances from revolving line of credit	`ProceedsFromLinesOfCredit`	$1.04M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.03M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$676.94K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$732.48K	USD	1 Quarter
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.47M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.47M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.20M	USD	Point-in-time
Cash and cash equivalents at end of quarter	`CashAndCashEquivalentsAtCarryingValue`	$3.47M	USD	Point-in-time
Cash and cash equivalents at end of quarter	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Cash and cash equivalents at end of quarter	`CashAndCashEquivalentsAtCarryingValue`	$1.47M	USD	Point-in-time
Cash and cash equivalents at end of quarter	`CashAndCashEquivalentsAtCarryingValue`	$2.20M	USD	Point-in-time
Interest paid	`InterestPaid`	$11.66K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$96.00K	USD	1 Quarter

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, shares	`CommonStockSharesOutstanding`	9.18M	shares	Point-in-time
Beginning balance, shares	`CommonStockSharesOutstanding`	9.18M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$95.48M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$95.16M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$84.30M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$90.43M	USD	Point-in-time
Net Income	`NetIncomeLoss`	$2.92M	USD	Annual
Net Income	`NetIncomeLoss`	$14.67M	USD	Annual
Net Income	`NetIncomeLoss`	$1.11M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$5.75M	USD	1 Quarter
Distributions to stockholders sourced as return of capital	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$-1.01M	USD	1 Quarter
Distributions to stockholders sourced as return of capital	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$-3.76M	USD	Annual
Distributions to stockholders sourced as return of capital	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$-3.92M	USD	Annual
Reinvestment of distributions to stockholders	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$430.84K	USD	Annual
Reinvestment of distributions to stockholders	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$252.24K	USD	Annual
Consolidation of wholly-owned subsidiary	`ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet`	$-4.47M	USD	Annual
Ending balance, shares	`CommonStockSharesOutstanding`	9.18M	shares	Point-in-time
Ending balance, shares	`CommonStockSharesOutstanding`	9.18M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$95.48M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$95.16M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$84.30M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$90.43M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.