XML 42 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
Dec. 31, 2014
Dec. 31, 2013
Assets:    
Cash and cash equivalents $ 17,365,370us-gaap_CashAndCashEquivalentsAtCarryingValue $ 8,613,907us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable 797,976us-gaap_AccountsReceivableNet 593,546us-gaap_AccountsReceivableNet
Prepaid expenses and other assets 2,781,001us-gaap_PrepaidExpenseAndOtherAssets 2,506,470us-gaap_PrepaidExpenseAndOtherAssets
Deferred financing costs, less accumulated amortization of $267,022 and $9,633 as of December 31, 2014 and 2013, respectively 4,244,281us-gaap_DeferredFinanceCostsNoncurrentNet 1,483,547us-gaap_DeferredFinanceCostsNoncurrentNet
Timber assets (Note 3):    
Timber and timberlands, net 543,101,237ctt_TimberAndTimberlandsNet 325,726,398ctt_TimberAndTimberlandsNet
Intangible lease assets, less accumulated amortization of $930,973 and $927,451 as of December 31, 2014 and 2013, respectively 26,113us-gaap_IntangibleAssetsNetExcludingGoodwill 29,634us-gaap_IntangibleAssetsNetExcludingGoodwill
Total assets 568,315,978us-gaap_Assets 338,953,502us-gaap_Assets
Liabilities:    
Accounts payable and accrued expenses 2,357,925us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 3,127,857us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
Other liabilities 3,265,706us-gaap_OtherLiabilities 3,734,193us-gaap_OtherLiabilities
Note payable and line of credit (Note 4) 118,000,000us-gaap_SecuredDebt 52,160,000us-gaap_SecuredDebt
Total liabilities 123,623,631us-gaap_Liabilities 59,022,050us-gaap_Liabilities
Commitments and Contingencies (Note 6) 0us-gaap_CommitmentsAndContingencies 0us-gaap_CommitmentsAndContingencies
Stockholders’ Equity:    
Additional paid-in capital 612,518,523us-gaap_AdditionalPaidInCapital 432,117,205us-gaap_AdditionalPaidInCapital
Accumulated deficit and distributions (167,363,988)us-gaap_RetainedEarningsAccumulatedDeficit (152,688,059)us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive income (loss) (855,762)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 268,368us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total stockholders’ equity 444,692,347us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 279,931,452us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and stockholders’ equity 568,315,978us-gaap_LiabilitiesAndStockholdersEquity 338,953,502us-gaap_LiabilitiesAndStockholdersEquity
Common Class A    
Stockholders’ Equity:    
Common stock, $0.01 par value 361,930us-gaap_CommonStockValueOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember		 139,004us-gaap_CommonStockValueOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Common Class B-1    
Stockholders’ Equity:    
Common stock, $0.01 par value 0us-gaap_CommonStockValueOutstanding
/ us-gaap_StatementClassOfStockAxis
= ctt_CommonClassB1Member		 31,645us-gaap_CommonStockValueOutstanding
/ us-gaap_StatementClassOfStockAxis
= ctt_CommonClassB1Member
Common Class B-2    
Stockholders’ Equity:    
Common stock, $0.01 par value 0us-gaap_CommonStockValueOutstanding
/ us-gaap_StatementClassOfStockAxis
= ctt_CommonClassB2Member		 31,645us-gaap_CommonStockValueOutstanding
/ us-gaap_StatementClassOfStockAxis
= ctt_CommonClassB2Member
Common Class B-3    
Stockholders’ Equity:    
Common stock, $0.01 par value $ 31,644us-gaap_CommonStockValueOutstanding
/ us-gaap_StatementClassOfStockAxis
= ctt_CommonClassB3Member		 $ 31,644us-gaap_CommonStockValueOutstanding
/ us-gaap_StatementClassOfStockAxis
= ctt_CommonClassB3Member