Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (unaudited)

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CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current Assets    
Cash and cash equivalents $ 6,379 $ 7,608
Trade receivables, net 28,176 22,069
Advance to AMAK, net 0 536
Inventories 11,702 12,063
Prepaid expenses and other assets 2,269 2,075
Contractual based intangible assets, net 0 104
Taxes receivable 0 571
Deferred income taxes 1,113 1,324
Total current assets 49,639 46,350
Plant, pipeline and equipment, net 43,222 41,925
Investment in AMAK 53,751 54,095
Mineral properties in the United States 588 588
Other assets 586 709
TOTAL ASSETS 147,786 143,667
Current Liabilities    
Accounts payable 7,006 7,362
Accrued interest 80 102
Current portion of derivative instruments 215 292
Accrued liabilities 4,338 3,060
Accrued liabilities in Saudi Arabia 140 140
Current portion of post-retirement benefit 282 278
Current portion of long-term debt 1,400 1,400
Current portion of other liabilities 1,425 1,654
Total current liabilities 14,886 14,288
Long-term debt, net of current portion 8,139 11,839
Post-retirement benefit, net of current portion 649 649
Derivative instruments, net of current portion 251 319
Other liabilities, net of current portion 775 1,369
Deferred income taxes 11,141 11,984
Total liabilities 35,841 40,448
EQUITY    
Common stock-authorized 40 million shares of $.10 par value; issued and outstanding 23.9 million and 23.8 million shares in 2014 and 2013, respectively 2,386 2,383
Additional paid-in capital 47,125 46,064
Accumulated other comprehensive loss (303) (366)
Retained Earnings 62,448 54,849
Total Trecora Resources Stockholders' Equity 111,656 102,930
Noncontrolling Interest 289 289
Total equity 111,945 103,219
TOTAL LIABILITIES AND EQUITY $ 147,786 $ 143,667