10-Q Filing

Sachem Capital Corp. CIK: 1682220 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001104659-19-063786`
Period End Date	20190930
Filing Date	20191114
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	sach-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 96 Cash Flow Statement 113 Stockholders Equity 29

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Unsecured unsubordinated fixed rate notes (net of deferred financing costs of $1,242,192)	`UnsecuredDebt`	$1.24M	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$11.00M	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$99.31K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash - restricted	`RestrictedCash`	-	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash - restricted	`RestrictedCash`	$59.55K	USD	Point-in-time
Escrow deposits	`EscrowDeposit`	$12.82K	USD	Point-in-time
Escrow deposits	`EscrowDeposit`	-	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Mortgages receivable	`MortgageLoansOnRealEstate`	$89.02M	USD	Point-in-time
Mortgages receivable	`MortgageLoansOnRealEstate`	$78.01M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Mortgages receivable, affiliate	`MortgagesReceivableFromAffiliate`	$879.46K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Interest and fees receivable	`InterestReceivable`	$1.43M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	15.44M	shares	Point-in-time
Interest and fees receivable	`InterestReceivable`	$1.40M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	22.09M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	22.09M	shares	Point-in-time
Other receivables	`OtherReceivables`	$222.24K	USD	Point-in-time
Other receivables	`OtherReceivables`	$155.00K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	15.44M	shares	Point-in-time
Due from borrowers	`DueFromAffiliates`	$695.22K	USD	Point-in-time
Due from borrowers	`DueFromAffiliates`	$843.41K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$14.87K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$37.17K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.32M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.18M	USD	Point-in-time
Deposits on property and equipment	`DepositsOnPropertyPlantAndEquipment`	$12.00K	USD	Point-in-time
Deposits on property and equipment	`DepositsOnPropertyPlantAndEquipment`	$49.88K	USD	Point-in-time
Real estate owned	`RealEstateInvestments`	$2.94M	USD	Point-in-time
Real estate owned	`RealEstateInvestments`	$5.31M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$38.35K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$553.60K	USD	Point-in-time
Total assets	`Assets`	$86.01M	USD	Point-in-time
Total assets	`Assets`	$109.28M	USD	Point-in-time
Unsecured unsubordinated fixed rate notes (net of deferred financing costs of $1,242,192)	`BankOverdrafts`	$22.42M	USD	Point-in-time
Unsecured unsubordinated fixed rate notes (net of deferred financing costs of $1,242,192)	`BankOverdrafts`	-	USD	Point-in-time
Line of credit	`LineOfCredit`	$27.22M	USD	Point-in-time
Line of credit	`LineOfCredit`	-	USD	Point-in-time
Mortgage payable	`MortgagePayable`	$788.15K	USD	Point-in-time
Mortgage payable	`MortgagePayable`	$290.98K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$131.90K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$316.41K	USD	Point-in-time
Security deposits held	`SecurityDepositLiability`	$7.80K	USD	Point-in-time
Security deposits held	`SecurityDepositLiability`	$7.80K	USD	Point-in-time
Funds held in escrow	`FundsHeldInEscrow`	$25.00K	USD	Point-in-time
Advances from borrowers	`AdvancePaymentsByBorrowersForTaxesAndInsurance`	$317.32K	USD	Point-in-time
Advances from borrowers	`AdvancePaymentsByBorrowersForTaxesAndInsurance`	$498.50K	USD	Point-in-time
Due to shareholder	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.20M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$1.07M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$1.06M	USD	Point-in-time
Notes payable	`NotesPayable`	-	USD	Point-in-time
Notes payable	`NotesPayable`	$68.63K	USD	Point-in-time
Capital leases payable	`FinanceLeaseLiability`	-	USD	Point-in-time
Capital leases payable	`FinanceLeaseLiability`	$11.57K	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$2.62M	USD	Point-in-time
Accrued interest	`InterestPayableCurrentAndNoncurrent`	$176.62K	USD	Point-in-time
Accrued interest	`InterestPayableCurrentAndNoncurrent`	$3.32K	USD	Point-in-time
Total liabilities	`Liabilities`	$33.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$25.02M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred shares - $.001 par value; 5,000,000 shares authorized; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares - $.001 par value; 5,000,000 shares authorized; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $.001 par value; 50,000,000 shares authorized; 22,088,325 and 15,438,621 issued and outstanding	`CommonStockValue`	$22.09K	USD	Point-in-time
Common stock - $.001 par value; 50,000,000 shares authorized; 22,088,325 and 15,438,621 issued and outstanding	`CommonStockValue`	$15.44K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$83.79M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$53.19M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-405.48K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$445.77K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$84.26M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$52.80M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$109.28M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$86.01M	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$2.44M	USD	1 Quarter
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$7.51M	USD	3 Qtrs
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$2.27M	USD	1 Quarter
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$6.61M	USD	3 Qtrs
Origination fees, net	`OriginationFees`	$1.20M	USD	3 Qtrs
Origination fees, net	`OriginationFees`	$497.24K	USD	1 Quarter
Origination fees, net	`OriginationFees`	$1.07M	USD	3 Qtrs
Origination fees, net	`OriginationFees`	$383.32K	USD	1 Quarter
Late and other fees	`RevenuesFromFeesAndCommissions`	$59.95K	USD	1 Quarter
Late and other fees	`RevenuesFromFeesAndCommissions`	$205.18K	USD	3 Qtrs
Late and other fees	`RevenuesFromFeesAndCommissions`	$144.03K	USD	3 Qtrs
Late and other fees	`RevenuesFromFeesAndCommissions`	$18.15K	USD	1 Quarter
Processing fees	`ProcessingFees`	$44.87K	USD	1 Quarter
Processing fees	`ProcessingFees`	$30.68K	USD	1 Quarter
Processing fees	`ProcessingFees`	$101.48K	USD	3 Qtrs
Processing fees	`ProcessingFees`	$121.47K	USD	3 Qtrs
Rental income, net	`RentalIncomeNonoperating`	$9.45K	USD	1 Quarter
Rental income, net	`RentalIncomeNonoperating`	$87.86K	USD	3 Qtrs
Rental income, net	`RentalIncomeNonoperating`	$10.14K	USD	1 Quarter
Rental income, net	`RentalIncomeNonoperating`	$82.35K	USD	3 Qtrs
Other income	`OtherIncome`	$650.20K	USD	3 Qtrs
Other income	`OtherIncome`	$353.67K	USD	1 Quarter
Other income	`OtherIncome`	$175.27K	USD	1 Quarter
Other income	`OtherIncome`	$674.83K	USD	3 Qtrs
Net gain on sale of real estate	`GainOnSaleOfRealEstateInvestment`	$119.67K	USD	1 Quarter
Net gain on sale of real estate	`GainOnSaleOfRealEstateInvestment`	$12.93K	USD	1 Quarter
Net gain on sale of real estate	`GainOnSaleOfRealEstateInvestment`	$20.08K	USD	3 Qtrs
Net gain on sale of real estate	`GainOnSaleOfRealEstateInvestment`	$119.67K	USD	3 Qtrs
Total revenue	`Revenues`	$3.05M	USD	1 Quarter
Total revenue	`Revenues`	$9.79M	USD	3 Qtrs
Total revenue	`Revenues`	$3.38M	USD	1 Quarter
Total revenue	`Revenues`	$8.81M	USD	3 Qtrs
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$493.99K	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$1.61M	USD	3 Qtrs
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$537.88K	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$1.10M	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$12.33K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$4.11K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$29.25K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$29.25K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$54.33K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$105.05K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$259.27K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$212.79K	USD	3 Qtrs
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$344.27K	USD	1 Quarter
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$476.40K	USD	1 Quarter
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$1.33M	USD	3 Qtrs
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$886.02K	USD	3 Qtrs
Exchange fees	`ExchangeFees`	$26.67K	USD	3 Qtrs
Exchange fees	`ExchangeFees`	$11.34K	USD	1 Quarter
Exchange fees	`ExchangeFees`	$10.00K	USD	1 Quarter
Exchange fees	`ExchangeFees`	$32.85K	USD	3 Qtrs
Other expenses and taxes	`TaxesAndLicenses`	$70.68K	USD	3 Qtrs
Other expenses and taxes	`TaxesAndLicenses`	$39.35K	USD	1 Quarter
Other expenses and taxes	`TaxesAndLicenses`	$67.67K	USD	3 Qtrs
Other expenses and taxes	`TaxesAndLicenses`	$7.67K	USD	1 Quarter
Expense in connection with termination of LOC	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Expense in connection with termination of LOC	`GainsLossesOnExtinguishmentOfDebt`	$779.64K	USD	Point-in-time
Expense in connection with termination of LOC	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Expense in connection with termination of LOC	`GainsLossesOnExtinguishmentOfDebt`	$-779.64K	USD	3 Qtrs
Excise tax	`ExciseAndSalesTaxes`	-	USD	1 Quarter
Excise tax	`ExciseAndSalesTaxes`	-	USD	3 Qtrs
Excise tax	`ExciseAndSalesTaxes`	-	USD	1 Quarter
Excise tax	`ExciseAndSalesTaxes`	$19.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$44.29K	USD	3 Qtrs
Depreciation	`Depreciation`	$18.62K	USD	1 Quarter
Depreciation	`Depreciation`	$6.83K	USD	1 Quarter
Depreciation	`Depreciation`	$20.30K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$131.21K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$142.12K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$400.56K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$314.84K	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$1.09M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$2.68M	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$4.54M	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$1.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.13M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.25M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.30	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.40	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.40	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.30	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15.43M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.34M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15.42M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17.62M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.34M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.43M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.66M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.42M	shares	3 Qtrs

Cash Flow Statement 113 line items

Line Item	Tag	Value	Unit	Period
Notes Issued	`NotesIssued1`	$21.43K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$6.13M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.96M	USD	1 Quarter
Payments To Acquire Real Estate1	`PaymentsToAcquireRealEstate1`	$2.37M	USD	3 Qtrs
Payments To Acquire Real Estate1	`PaymentsToAcquireRealEstate1`	$2.27M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.25M	USD	3 Qtrs
Reversal Of Previously Accrued Capitalized Costs	`ReversalOfPreviouslyAccruedCapitalizedCosts`	$6.21K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$90.17K	USD	3 Qtrs
Capital Expenditures Incurred but Not yet Paid	`CapitalExpendituresIncurredButNotYetPaid`	$13.01K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$159.87K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$44.29K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$18.62K	USD	1 Quarter
Reclassification of mortgage receivable	`ReclassificationOfNotesReceivableToMortgageReceivable`	$879.46K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$6.83K	USD	1 Quarter
Depreciation expense	`Depreciation`	$20.30K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$12.33K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$4.11K	USD	1 Quarter
Remaining balance of mortgages receivable	`RemainingBalanceOfMortgagesReceivable`	-	USD	Point-in-time
Stock based compensation	`ShareBasedCompensation`	$29.25K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$29.25K	USD	3 Qtrs
Gain on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$119.67K	USD	3 Qtrs
Gain on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$20.08K	USD	3 Qtrs
Abandonment of office furniture	`AbandonmentOfOfficeFurniture`	-	USD	3 Qtrs
Abandonment of office furniture	`AbandonmentOfOfficeFurniture`	$12.00K	USD	3 Qtrs
Costs in connection with termination of line of credit	`WriteOffOfDeferredDebtIssuanceCost`	$439.45K	USD	3 Qtrs
Costs in connection with termination of line of credit	`WriteOffOfDeferredDebtIssuanceCost`	$439.45K	USD	Point-in-time
Costs in connection with termination of line of credit	`WriteOffOfDeferredDebtIssuanceCost`	-	USD	3 Qtrs
Escrow deposits	`IncreaseDecreaseInEscrowDeposit`	$-111.19K	USD	3 Qtrs
Escrow deposits	`IncreaseDecreaseInEscrowDeposit`	$-12.81K	USD	3 Qtrs
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$454.49K	USD	3 Qtrs
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$916.67K	USD	3 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$67.24K	USD	3 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$150.52K	USD	3 Qtrs
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$308.87K	USD	3 Qtrs
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$-2.12M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$23.09K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$22.30K	USD	3 Qtrs
Deposits on property	`IncreaseDecreaseInSecurityDeposits`	$-37.88K	USD	3 Qtrs
Deposits on property	`IncreaseDecreaseInSecurityDeposits`	-	USD	3 Qtrs
Due to note purchaser	`IncreaseDecreaseInNotesPayableCurrent`	$-723.48K	USD	3 Qtrs
Due to note purchaser	`IncreaseDecreaseInNotesPayableCurrent`	$-176.62K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$3.32K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$117.13K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-159.51K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-295.73K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$9.26K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$44.27K	USD	3 Qtrs
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$-243.39K	USD	3 Qtrs
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$180.89K	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.37M	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$2.06M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$7.31M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$3.77M	USD	3 Qtrs
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$362.14K	USD	3 Qtrs
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$672.54K	USD	3 Qtrs
Acquisitions of and improvements to real estate owned	`PaymentsToAcquireRealEstateHeldForInvestment`	$104.80K	USD	3 Qtrs
Acquisitions of and improvements to real estate owned	`PaymentsToAcquireRealEstateHeldForInvestment`	$443.22K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$331.39K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$196.60K	USD	3 Qtrs
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$42.16M	USD	3 Qtrs
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$37.28M	USD	3 Qtrs
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortgageReceivable`	$20.96M	USD	3 Qtrs
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortgageReceivable`	$27.92M	USD	3 Qtrs
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-14.52M	USD	3 Qtrs
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-16.08M	USD	3 Qtrs
Proceeds from notes sold to shareholder	`ProceedsFromNotesSoldToShareholder`	-	USD	3 Qtrs
Proceeds from notes sold to shareholder	`ProceedsFromNotesSoldToShareholder`	$1.02M	USD	3 Qtrs
Repayment of notes sold to shareholder	`RepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Repayment of notes sold to shareholder	`RepaymentsOfRelatedPartyDebt`	$2.22M	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$42.72M	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$61.07M	USD	3 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$69.94M	USD	3 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$19.80M	USD	Point-in-time
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$43.65M	USD	3 Qtrs
Dividends paid	`PaymentsOfOrdinaryDividends`	$4.94M	USD	3 Qtrs
Dividends paid	`PaymentsOfOrdinaryDividends`	$7.03M	USD	3 Qtrs
Pre-offering costs incurred	`PreofferingCostsIncurred`	$853.00	USD	3 Qtrs
Pre-offering costs incurred	`PreofferingCostsIncurred`	-	USD	3 Qtrs
Financing costs incurred	`PaymentsOfFinancingCosts`	$6.84K	USD	3 Qtrs
Financing costs incurred	`PaymentsOfFinancingCosts`	$566.89K	USD	3 Qtrs
Proceeds from mortgage payable	`ProceedsFromMortgagePayable`	$795.00K	USD	3 Qtrs
Proceeds from mortgage payable	`ProceedsFromMortgagePayable`	-	USD	3 Qtrs
Repayment of mortgage payable	`RepaymentOfMortgagePayable`	$7.54K	USD	3 Qtrs
Repayment of mortgage payable	`RepaymentOfMortgagePayable`	$297.84K	USD	3 Qtrs
Proceeds from notes payable, net	`ProceedsFromNotesPayable`	$68.63K	USD	3 Qtrs
Proceeds from notes payable, net	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$30.74M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Cost associated with the issuance of common stock	`PaymentsOfStockIssuanceCosts`	$147.00K	USD	3 Qtrs
Cost associated with the issuance of common stock	`PaymentsOfStockIssuanceCosts`	-	USD	3 Qtrs
Proceeds from issuance of bonds	`ProceedsFromIssuanceOfBonds`	-	USD	3 Qtrs
Proceeds from issuance of bonds	`ProceedsFromIssuanceOfBonds`	$23.66M	USD	3 Qtrs
Cost associated with the issuance of notes	`PaymentsOfBondsIssuanceCosts`	-	USD	3 Qtrs
Cost associated with the issuance of notes	`PaymentsOfBondsIssuanceCosts`	$1.31M	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$11.91M	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$18.06M	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$10.85M	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-410.32K	USD	3 Qtrs
CASH AND RESTRICTED CASH- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.86K	USD	Point-in-time
CASH AND RESTRICTED CASH- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$954.22K	USD	Point-in-time
CASH AND RESTRICTED CASH- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.00M	USD	Point-in-time
CASH AND RESTRICTED CASH- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$543.90K	USD	Point-in-time
CASH AND RESTRICTED CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.86K	USD	Point-in-time
CASH AND RESTRICTED CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$954.22K	USD	Point-in-time
CASH AND RESTRICTED CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.00M	USD	Point-in-time
CASH AND RESTRICTED CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$543.90K	USD	Point-in-time
Taxes paid	`IncomeTaxesPaid`	$19.00K	USD	3 Qtrs
Taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$1.01M	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$472.33K	USD	3 Qtrs
Dividends declared and payable	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Dividends declared and payable	`DividendsPayableCurrentAndNoncurrent`	$2.62M	USD	Point-in-time

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`MembersEquity`	$55.79M	USD	Point-in-time
Beginning balance	`MembersEquity`	$84.26M	USD	Point-in-time
Beginning balance	`MembersEquity`	$55.51M	USD	Point-in-time
Beginning balance	`MembersEquity`	$54.57M	USD	Point-in-time
Beginning balance	`MembersEquity`	$69.42M	USD	Point-in-time
Beginning balance	`MembersEquity`	$52.80M	USD	Point-in-time
Sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$10.67M	USD	3 Qtrs
Sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$10.67M	USD	1 Quarter
Sale of common stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	2.30M	shares	3 Qtrs
Exercise of warrants	`StockIssuedDuringPeriodValueWarrantsExercised`	$82.03K	USD	3 Qtrs
Exercise of warrants	`StockIssuedDuringPeriodValueWarrantsExercised`	$82.03K	USD	1 Quarter
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$29.25K	USD	3 Qtrs
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$12.33K	USD	3 Qtrs
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$29.25K	USD	1 Quarter
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$4.10K	USD	1 Quarter
Dividends paid	`DividendsCommonStock`	$1.71M	USD	1 Quarter
Dividends paid	`DividendsCommonStock`	$4.94M	USD	3 Qtrs
Dividends paid	`DividendsCommonStock`	$2.35M	USD	1 Quarter
Dividends paid	`DividendsCommonStock`	$4.40M	USD	3 Qtrs
Net income	`ProfitLoss`	$2.06M	USD	1 Quarter
Net income	`ProfitLoss`	$5.25M	USD	3 Qtrs
Net income	`ProfitLoss`	$6.13M	USD	3 Qtrs
Net income	`ProfitLoss`	$1.96M	USD	1 Quarter
Balance	`MembersEquity`	$55.79M	USD	Point-in-time
Balance	`MembersEquity`	$84.26M	USD	Point-in-time
Balance	`MembersEquity`	$55.51M	USD	Point-in-time
Balance	`MembersEquity`	$54.57M	USD	Point-in-time
Balance	`MembersEquity`	$69.42M	USD	Point-in-time
Balance	`MembersEquity`	$52.80M	USD	Point-in-time

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