10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001104659-20-092615 |
| Period End Date | 20200630 |
| Filing Date | 20200810 |
| Fiscal Year | 2020 |
| Fiscal Period | Q2 |
| XBRL Instance | sach-20200630x10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
74 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Deferred financing costs |
DeferredFinanceCostsNet
|
$2.45M | USD | Point-in-time |
| Deferred financing costs |
DeferredFinanceCostsNet
|
$2.69M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$18.84M | USD | Point-in-time |
| Preferred Stock, Par or Stated Value Per Share |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$4.65M | USD | Point-in-time |
| Preferred Stock, Par or Stated Value Per Share |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Investments |
Investments
|
$15.96M | USD | Point-in-time |
| Preferred Stock, Shares Authorized |
PreferredStockSharesAuthorized
|
5.00M | shares | Point-in-time |
| Preferred Stock, Shares Authorized |
PreferredStockSharesAuthorized
|
5.00M | shares | Point-in-time |
| Investments |
Investments
|
$15.95M | USD | Point-in-time |
| Preferred Stock, Shares Issued |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Mortgages receivable |
MortgageLoansOnRealEstate
|
$111.43M | USD | Point-in-time |
| Mortgages receivable |
MortgageLoansOnRealEstate
|
$94.35M | USD | 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 |
| Interest and fees receivable |
InterestReceivable
|
$1.56M | USD | Point-in-time |
| Common Stock, Par or Stated Value Per Share |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Interest and fees receivable |
InterestReceivable
|
$1.37M | USD | Point-in-time |
| Common Stock, Shares Authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Other receivables |
OtherReceivables
|
$116.40K | USD | Point-in-time |
| Other receivables |
OtherReceivables
|
$141.40K | USD | Point-in-time |
| Common Stock, Shares Authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Due from borrowers |
DueFromAffiliates
|
$840.93K | USD | Point-in-time |
| Due from borrowers |
DueFromAffiliates
|
$1.24M | USD | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
22.12M | shares | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
22.12M | shares | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$73.17K | USD | Point-in-time |
| Common Stock, Shares, Outstanding |
CommonStockSharesOutstanding
|
22.12M | shares | Point-in-time |
| Common Stock, Shares, Outstanding |
CommonStockSharesOutstanding
|
22.12M | shares | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$24.73K | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.38M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.35M | USD | Point-in-time |
| Deposits on property and equipment |
DepositsOnPropertyPlantAndEquipment
|
$71.68K | USD | Point-in-time |
| Real estate owned |
RealEstateInvestmentsOwned
|
$8.26M | USD | Point-in-time |
| Real estate owned |
RealEstateInvestmentsOwned
|
$7.02M | USD | Point-in-time |
| Deferred financing costs |
DeferredCostsCurrent
|
$16.60K | USD | Point-in-time |
| Deferred financing costs |
DeferredCostsCurrent
|
$16.26K | USD | Point-in-time |
| Total assets |
Assets
|
$143.45M | USD | Point-in-time |
| Total assets |
Assets
|
$141.21M | USD | Point-in-time |
| Notes payable (net of deferred financing costs of $2,451,618 and $2,687,190) |
UnsecuredDebt
|
$55.48M | USD | Point-in-time |
| Notes payable (net of deferred financing costs of $2,451,618 and $2,687,190) |
UnsecuredDebt
|
$55.71M | USD | Point-in-time |
| Mortgage payable |
MortgagePayable
|
$775.90K | USD | Point-in-time |
| Mortgage payable |
MortgagePayable
|
$784.08K | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$249.88K | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$301.71K | USD | Point-in-time |
| Other loans |
OtherBorrowings
|
$257.85K | USD | Point-in-time |
| Security deposits held |
SecurityDepositLiability
|
$13.42K | USD | Point-in-time |
| Security deposits held |
SecurityDepositLiability
|
$7.80K | USD | Point-in-time |
| Advances from borrowers |
AdvancePaymentsByBorrowersForTaxesAndInsurance
|
$848.27K | USD | Point-in-time |
| Advances from borrowers |
AdvancePaymentsByBorrowersForTaxesAndInsurance
|
$1.01M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenue
|
$1.21M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenue
|
$858.88K | USD | Point-in-time |
| Notes payable |
NotesPayable
|
$75.43K | USD | Point-in-time |
| Notes payable |
NotesPayable
|
$65.40K | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrentAndNoncurrent
|
$3.27K | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrentAndNoncurrent
|
$3.42K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$58.65M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$59.00M | 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;100,000,000 shares authorized; 22,117,301 issued and outstanding |
CommonStockValue
|
$22.12K | USD | Point-in-time |
| Common stock - $.001 par value;100,000,000 shares authorized; 22,117,301 issued and outstanding |
CommonStockValue
|
$22.12K | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapital
|
$83.86M | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapital
|
$83.81M | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-50.88K | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$35.19K | USD | Point-in-time |
| Retained earnings (accumulated deficit) |
RetainedEarningsAccumulatedDeficit
|
$-1.27M | USD | Point-in-time |
| Retained earnings (accumulated deficit) |
RetainedEarningsAccumulatedDeficit
|
$584.29K | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$84.45M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$82.56M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$143.45M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$141.21M | USD | Point-in-time |
Income Statement
110 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Interest income from loans |
InterestAndFeeIncomeLoansAndLeases
|
$6.17M | USD | 2 Qtrs |
| Interest income from loans |
InterestAndFeeIncomeLoansAndLeases
|
$5.07M | USD | 2 Qtrs |
| Interest income from loans |
InterestAndFeeIncomeLoansAndLeases
|
$2.32M | USD | 1 Quarter |
| Interest income from loans |
InterestAndFeeIncomeLoansAndLeases
|
$3.27M | USD | 1 Quarter |
| Interest income on investments |
InvestmentIncomeInterest
|
$130.68K | USD | 2 Qtrs |
| Interest income on investments |
InvestmentIncomeInterest
|
$33.16K | USD | 1 Quarter |
| Interest income on investments |
InvestmentIncomeInterest
|
- | USD | 1 Quarter |
| Loss (gain) on sale of investment securities |
GainLossOnSaleOfInvestments
|
- | USD | 1 Quarter |
| Loss (gain) on sale of investment securities |
GainLossOnSaleOfInvestments
|
$437.16K | USD | 2 Qtrs |
| Loss (gain) on sale of investment securities |
GainLossOnSaleOfInvestments
|
$-8.93K | USD | 1 Quarter |
| Origination fees, net |
OriginationFees
|
$705.54K | USD | 2 Qtrs |
| Origination fees, net |
OriginationFees
|
$647.50K | USD | 1 Quarter |
| Origination fees, net |
OriginationFees
|
$340.82K | USD | 1 Quarter |
| Origination fees, net |
OriginationFees
|
$1.16M | USD | 2 Qtrs |
| Late and other fees |
RevenuesFromFeesAndCommissions
|
$35.88K | USD | 2 Qtrs |
| Late and other fees |
RevenuesFromFeesAndCommissions
|
$140.54K | USD | 1 Quarter |
| Late and other fees |
RevenuesFromFeesAndCommissions
|
$21.10K | USD | 1 Quarter |
| Late and other fees |
RevenuesFromFeesAndCommissions
|
$187.03K | USD | 2 Qtrs |
| Processing fees |
ProcessingFees
|
$39.66K | USD | 1 Quarter |
| Processing fees |
ProcessingFees
|
$41.80K | USD | 1 Quarter |
| Processing fees |
ProcessingFees
|
$76.60K | USD | 2 Qtrs |
| Processing fees |
ProcessingFees
|
$86.12K | USD | 2 Qtrs |
| Rental income, net |
RentalIncomeNonoperating
|
$40.18K | USD | 2 Qtrs |
| Rental income, net |
RentalIncomeNonoperating
|
$29.46K | USD | 1 Quarter |
| Rental income, net |
RentalIncomeNonoperating
|
$47.26K | USD | 1 Quarter |
| Rental income, net |
RentalIncomeNonoperating
|
$72.90K | USD | 2 Qtrs |
| Other income |
OtherIncome
|
$179.39K | USD | 1 Quarter |
| Other income |
OtherIncome
|
$296.53K | USD | 2 Qtrs |
| Other income |
OtherIncome
|
$567.28K | USD | 2 Qtrs |
| Other income |
OtherIncome
|
$283.01K | USD | 1 Quarter |
| Net gain on sale of real estate |
GainOnSaleOfRealEstateInvestment
|
$7.15K | USD | 2 Qtrs |
| Net gain on sale of real estate |
GainOnSaleOfRealEstateInvestment
|
- | USD | 2 Qtrs |
| Net gain on sale of real estate |
GainOnSaleOfRealEstateInvestment
|
- | USD | 1 Quarter |
| Total revenue |
Revenues
|
$4.31M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$8.62M | USD | 2 Qtrs |
| Total revenue |
Revenues
|
$3.07M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$6.41M | USD | 2 Qtrs |
| Interest and amortization of deferred financing costs |
InterestAndAmortizationOfDebtServiceCosts
|
$1.15M | USD | 1 Quarter |
| Interest and amortization of deferred financing costs |
InterestAndAmortizationOfDebtServiceCosts
|
$452.41K | USD | 1 Quarter |
| Interest and amortization of deferred financing costs |
InterestAndAmortizationOfDebtServiceCosts
|
$2.30M | USD | 2 Qtrs |
| Interest and amortization of deferred financing costs |
InterestAndAmortizationOfDebtServiceCosts
|
$1.07M | USD | 2 Qtrs |
| Compensation, fees and taxes |
CompensationFeesAndTaxes
|
$465.19K | USD | 1 Quarter |
| Compensation, fees and taxes |
CompensationFeesAndTaxes
|
$724.36K | USD | 2 Qtrs |
| Compensation, fees and taxes |
CompensationFeesAndTaxes
|
$383.97K | USD | 1 Quarter |
| Compensation, fees and taxes |
CompensationFeesAndTaxes
|
$849.42K | USD | 2 Qtrs |
| Stock based compensation |
ShareBasedCompensation
|
$8.21K | USD | 2 Qtrs |
| Stock based compensation |
ShareBasedCompensation
|
$8.21K | USD | 2 Qtrs |
| Stock based compensation |
ShareBasedCompensation
|
$4.11K | USD | 1 Quarter |
| Stock based compensation |
ShareBasedCompensation
|
$4.11K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$110.10K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$242.41K | USD | 2 Qtrs |
| Professional fees |
ProfessionalFees
|
$154.22K | USD | 2 Qtrs |
| Professional fees |
ProfessionalFees
|
$70.22K | USD | 1 Quarter |
| Other expenses and taxes |
TaxesAndLicenses
|
$35.24K | USD | 2 Qtrs |
| Other expenses and taxes |
TaxesAndLicenses
|
$31.33K | USD | 2 Qtrs |
| Other expenses and taxes |
TaxesAndLicenses
|
$6.53K | USD | 1 Quarter |
| Other expenses and taxes |
TaxesAndLicenses
|
$17.14K | USD | 1 Quarter |
| Exchange fees |
ExchangeFees
|
- | USD | 1 Quarter |
| Exchange fees |
ExchangeFees
|
$7.27K | USD | 2 Qtrs |
| Exchange fees |
ExchangeFees
|
$21.51K | USD | 2 Qtrs |
| Exchange fees |
ExchangeFees
|
$11.22K | USD | 1 Quarter |
| Expense in connection with termination of LOC |
GainsLossesOnExtinguishmentOfDebt
|
$-779.64K | USD | 2 Qtrs |
| Expense in connection with termination of LOC |
GainsLossesOnExtinguishmentOfDebt
|
$-779.64K | USD | 1 Quarter |
| Expense in connection with termination of LOC |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 2 Qtrs |
| Expense in connection with termination of LOC |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 1 Quarter |
| Impairment |
AssetImpairmentCharges
|
$495.00K | USD | 2 Qtrs |
| Impairment |
AssetImpairmentCharges
|
$245.00K | USD | 1 Quarter |
| Impairment |
AssetImpairmentCharges
|
- | USD | 1 Quarter |
| Net loss on sale of real estate |
GainLossOnSaleOfRealEstateProperties
|
- | USD | 1 Quarter |
| Net loss on sale of real estate |
GainLossOnSaleOfRealEstateProperties
|
- | USD | 1 Quarter |
| Net loss on sale of real estate |
GainLossOnSaleOfRealEstateProperties
|
$-4.46K | USD | 2 Qtrs |
| Depreciation |
Depreciation
|
$30.97K | USD | 2 Qtrs |
| Depreciation |
Depreciation
|
$14.69K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$18.16K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$25.67K | USD | 2 Qtrs |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$103.91K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$269.36K | USD | 2 Qtrs |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$267.67K | USD | 2 Qtrs |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$127.46K | USD | 1 Quarter |
| Total operating costs and expenses |
CostsAndExpenses
|
$3.21M | USD | 2 Qtrs |
| Total operating costs and expenses |
CostsAndExpenses
|
$1.92M | USD | 1 Quarter |
| Total operating costs and expenses |
CostsAndExpenses
|
$2.04M | USD | 1 Quarter |
| Total operating costs and expenses |
CostsAndExpenses
|
$4.12M | USD | 2 Qtrs |
| Net income |
NetIncomeLoss
|
$4.51M | USD | 2 Qtrs |
| Net income |
NetIncomeLoss
|
$1.14M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$3.20M | USD | 2 Qtrs |
| Net income |
NetIncomeLoss
|
$2.27M | USD | 1 Quarter |
| Unrealized gain on investment securities |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
- | USD | 1 Quarter |
| Unrealized gain on investment securities |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$86.07K | USD | 2 Qtrs |
| Unrealized gain on investment securities |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$221.45K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$1.14M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$2.49M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$3.20M | USD | 2 Qtrs |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$4.59M | USD | 2 Qtrs |
| Basic |
EarningsPerShareBasic
|
$0.10 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.20 | USD | 2 Qtrs |
| Basic |
EarningsPerShareBasic
|
$0.19 | USD | 2 Qtrs |
| Basic |
EarningsPerShareBasic
|
$0.06 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.19 | USD | 2 Qtrs |
| Diluted |
EarningsPerShareDiluted
|
$0.10 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.20 | USD | 2 Qtrs |
| Diluted |
EarningsPerShareDiluted
|
$0.06 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
18.50M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
17.14M | shares | 2 Qtrs |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
22.12M | shares | 2 Qtrs |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
22.12M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
22.12M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
22.12M | shares | 2 Qtrs |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
17.14M | shares | 2 Qtrs |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
18.50M | shares | 1 Quarter |
Cash Flow Statement
112 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Real estate acquired in connection with the foreclosure of certain mortgages, inclusive of interest and other fees receivable |
RealEstateAcquiredThroughForeclosure
|
$1.96M | USD | Point-in-time |
| Net income |
NetIncomeLoss
|
$4.51M | USD | 2 Qtrs |
| Net income |
NetIncomeLoss
|
$1.14M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$3.20M | USD | 2 Qtrs |
| Net income |
NetIncomeLoss
|
$2.27M | USD | 1 Quarter |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
$235.91K | USD | 2 Qtrs |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
$94.32K | USD | 2 Qtrs |
| Depreciation expense |
Depreciation
|
$30.97K | USD | 2 Qtrs |
| Depreciation expense |
Depreciation
|
$14.69K | USD | 1 Quarter |
| Depreciation expense |
Depreciation
|
$18.16K | USD | 1 Quarter |
| Depreciation expense |
Depreciation
|
$25.67K | USD | 2 Qtrs |
| Stock based compensation |
ShareBasedCompensation
|
$8.21K | USD | 2 Qtrs |
| Stock based compensation |
ShareBasedCompensation
|
$8.21K | USD | 2 Qtrs |
| Stock based compensation |
ShareBasedCompensation
|
$4.11K | USD | 1 Quarter |
| Stock based compensation |
ShareBasedCompensation
|
$4.11K | USD | 1 Quarter |
| Impairment loss |
GoodwillImpairmentLoss
|
- | USD | 2 Qtrs |
| Impairment loss |
GoodwillImpairmentLoss
|
$495.00K | USD | 2 Qtrs |
| Loss(gain) on sale of real estate |
GainsLossesOnSalesOfInvestmentRealEstate
|
$-4.46K | USD | 2 Qtrs |
| Loss(gain) on sale of real estate |
GainsLossesOnSalesOfInvestmentRealEstate
|
$7.15K | USD | 2 Qtrs |
| Abandonment of Office Furniture |
AbandonmentOfOfficeFurniture
|
$12.00K | USD | 2 Qtrs |
| Abandonment of Office Furniture |
AbandonmentOfOfficeFurniture
|
- | USD | 2 Qtrs |
| Costs in connection with termination of line of credit |
WriteOffOfDeferredDebtIssuanceCost
|
$439.45K | USD | 2 Qtrs |
| Realized gain on investments |
MarketableSecuritiesRealizedGainLoss
|
$437.16K | USD | 2 Qtrs |
| Realized gain on investments |
MarketableSecuritiesRealizedGainLoss
|
- | USD | 2 Qtrs |
| Escrow deposits |
IncreaseDecreaseInEscrowDeposit
|
$-12.82K | USD | 2 Qtrs |
| Escrow deposits |
IncreaseDecreaseInEscrowDeposit
|
- | USD | 2 Qtrs |
| Interest and fees receivable |
IncreaseDecreaseInInterestAndFeesReceivable
|
$186.09K | USD | 2 Qtrs |
| Interest and fees receivable |
IncreaseDecreaseInInterestAndFeesReceivable
|
$449.81K | USD | 2 Qtrs |
| Other receivables |
IncreaseDecreaseInOtherReceivables
|
$-25.00K | USD | 2 Qtrs |
| Other receivables |
IncreaseDecreaseInOtherReceivables
|
$-25.00K | USD | 2 Qtrs |
| Due from borrowers |
IncreaseDecreaseInFinanceReceivables
|
$-780.32K | USD | 2 Qtrs |
| Due from borrowers |
IncreaseDecreaseInFinanceReceivables
|
$597.78K | USD | 2 Qtrs |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$48.01K | USD | 2 Qtrs |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$48.44K | USD | 2 Qtrs |
| Deposits on property and equipment |
IncreaseDecreaseInSecurityDeposits
|
$71.68K | USD | 2 Qtrs |
| Deposits on property and equipment |
IncreaseDecreaseInSecurityDeposits
|
$-177.48K | USD | 2 Qtrs |
| Due to note purchaser |
IncreaseDecreaseInNotesPayableCurrent
|
- | USD | 2 Qtrs |
| Due to note purchaser |
IncreaseDecreaseInNotesPayableCurrent
|
$-176.62K | USD | 2 Qtrs |
| Accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$-144.00 | USD | 2 Qtrs |
| Accrued interest |
IncreaseDecreaseInInterestPayableNet
|
- | USD | 2 Qtrs |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-5.71K | USD | 2 Qtrs |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$51.84K | USD | 2 Qtrs |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$50.09K | USD | 2 Qtrs |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$-346.86K | USD | 2 Qtrs |
| Advances from borrowers |
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
|
$163.93K | USD | 2 Qtrs |
| Advances from borrowers |
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
|
$-54.56K | USD | 2 Qtrs |
| Total adjustments |
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$-529.46K | USD | 2 Qtrs |
| Total adjustments |
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$528.54K | USD | 2 Qtrs |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
NetCashProvidedByUsedInOperatingActivities
|
$3.98M | USD | 2 Qtrs |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
NetCashProvidedByUsedInOperatingActivities
|
$3.73M | USD | 2 Qtrs |
| Purchase of investments |
PaymentsToAcquireMarketableSecurities
|
$17.43M | USD | 2 Qtrs |
| Purchase of investments |
PaymentsToAcquireMarketableSecurities
|
- | USD | 2 Qtrs |
| Proceeds from the sale of investments |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
- | USD | 2 Qtrs |
| Proceeds from the sale of investments |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$17.94M | USD | 2 Qtrs |
| Proceeds from sale of real estate owned |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$1.76M | USD | 2 Qtrs |
| Proceeds from sale of real estate owned |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$264.81K | USD | 2 Qtrs |
| Acquisitions of and improvements to real estate owned, net |
PaymentsToAcquireRealEstateHeldForInvestment
|
$1.03M | USD | 2 Qtrs |
| Acquisitions of and improvements to real estate owned, net |
PaymentsToAcquireRealEstateHeldForInvestment
|
$342.60K | USD | 2 Qtrs |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$165.26K | USD | 2 Qtrs |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$62.57K | USD | 2 Qtrs |
| Security deposits held |
PaymentsForProceedsFromOtherDeposits
|
- | USD | 2 Qtrs |
| Security deposits held |
PaymentsForProceedsFromOtherDeposits
|
$-5.62K | USD | 2 Qtrs |
| Principal disbursements for mortgages receivable |
PaymentsToAcquireMortgageReceivable
|
$28.52M | USD | 2 Qtrs |
| Principal disbursements for mortgages receivable |
PaymentsToAcquireMortgageReceivable
|
$42.30M | USD | 2 Qtrs |
| Principal collections on mortgages receivable |
ProceedsFromCollectionOfMortgageReceivable
|
$25.42M | USD | 2 Qtrs |
| Principal collections on mortgages receivable |
ProceedsFromCollectionOfMortgageReceivable
|
$21.10M | USD | 2 Qtrs |
| NET CASH USED FOR INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivities
|
$-7.66M | USD | 2 Qtrs |
| NET CASH USED FOR INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivities
|
$-15.70M | USD | 2 Qtrs |
| Proceeds from line of credit |
ProceedsFromLinesOfCredit
|
$42.72M | USD | 2 Qtrs |
| Proceeds from line of credit |
ProceedsFromLinesOfCredit
|
- | USD | 2 Qtrs |
| Repayment of line of credit |
RepaymentsOfLinesOfCredit
|
- | USD | 2 Qtrs |
| Repayment of line of credit |
RepaymentsOfLinesOfCredit
|
$69.94M | USD | 2 Qtrs |
| Proceeds from notes sold to shareholder |
ProceedsFromNotesSoldToShareholder
|
$1.02M | USD | 2 Qtrs |
| Proceeds from notes sold to shareholder |
ProceedsFromNotesSoldToShareholder
|
- | USD | 2 Qtrs |
| Principal payments on mortgage payable |
PaymentsForProceedsFromMortgageDeposits
|
$2.95K | USD | 2 Qtrs |
| Principal payments on mortgage payable |
PaymentsForProceedsFromMortgageDeposits
|
$8.18K | USD | 2 Qtrs |
| Principal payments on notes payable |
RepaymentsOfNotesPayable
|
- | USD | 2 Qtrs |
| Principal payments on notes payable |
RepaymentsOfNotesPayable
|
$10.03K | USD | 2 Qtrs |
| Dividends Paid |
PaymentsOfOrdinaryDividends
|
$4.68M | USD | 2 Qtrs |
| Dividends Paid |
PaymentsOfOrdinaryDividends
|
$2.65M | USD | 2 Qtrs |
| Financing costs incurred |
PaymentsOfFinancingCosts
|
$58.35K | USD | 2 Qtrs |
| Financing costs incurred |
PaymentsOfFinancingCosts
|
$12.11K | USD | 2 Qtrs |
| Proceeds from other loans |
ProceedsFromOtherDebt
|
$257.85K | USD | 2 Qtrs |
| Proceeds from other loans |
ProceedsFromOtherDebt
|
- | USD | 2 Qtrs |
| Proceeds from mortgage payable |
ProceedsFromMortgagePayable
|
- | USD | 2 Qtrs |
| Proceeds from mortgage payable |
ProceedsFromMortgagePayable
|
$795.00K | USD | 2 Qtrs |
| Repayment of mortgage payable |
RepaymentOfMortgagePayable
|
- | USD | 2 Qtrs |
| Repayment of mortgage payable |
RepaymentOfMortgagePayable
|
$290.98K | USD | 2 Qtrs |
| Proceeds from notes payable, net |
ProceedsFromNotesPayable
|
- | USD | 2 Qtrs |
| Proceeds from notes payable, net |
ProceedsFromNotesPayable
|
$71.82K | USD | 2 Qtrs |
| Issuance of common stock ATM, net |
ProceedsFromIssuanceOfCommonStock
|
$15.46M | USD | 2 Qtrs |
| Issuance of common stock ATM, net |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 2 Qtrs |
| Gross proceeds from issuance of fixed rate notes |
ProceedsFromIssuanceOfFixedRateNotes
|
$23.00M | USD | 2 Qtrs |
| Gross proceeds from issuance of fixed rate notes |
ProceedsFromIssuanceOfFixedRateNotes
|
- | USD | 2 Qtrs |
| Financing costs incurred in connection with fixed rate notes |
FinancingCostsIncurredInConnectionWithFixedRateNotes
|
$1.27M | USD | 2 Qtrs |
| Financing costs incurred in connection with fixed rate notes |
FinancingCostsIncurredInConnectionWithFixedRateNotes
|
- | USD | 2 Qtrs |
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivities
|
$6.87M | USD | 2 Qtrs |
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivities
|
$-2.47M | USD | 2 Qtrs |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-14.19M | USD | 2 Qtrs |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$2.94M | USD | 2 Qtrs |
| CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$158.86K | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$3.10M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$4.65M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$18.84M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS - END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$158.86K | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS - END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$3.10M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS - END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$4.65M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS - END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$18.84M | USD | Point-in-time |
| Taxes paid |
IncomeTaxesPaid
|
- | USD | 2 Qtrs |
| Taxes paid |
IncomeTaxesPaid
|
- | USD | 2 Qtrs |
| Interest paid |
InterestPaidNet
|
$2.07M | USD | 2 Qtrs |
| Interest paid |
InterestPaidNet
|
$979.13K | USD | 2 Qtrs |
Stockholders Equity
26 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
MembersEquity
|
$69.42M | USD | Point-in-time |
| Beginning balance |
MembersEquity
|
$52.80M | USD | Point-in-time |
| Beginning balance |
MembersEquity
|
$84.45M | USD | Point-in-time |
| Beginning balance |
MembersEquity
|
$82.56M | USD | Point-in-time |
| Beginning balance |
MembersEquity
|
$57.09M | USD | Point-in-time |
| Beginning balance |
MembersEquity
|
$81.96M | USD | Point-in-time |
| Offering costs-ATM |
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
$58.35K | USD | 2 Qtrs |
| Stock based compensation |
StockGrantedDuringPeriodValueSharebasedCompensation
|
$4.11K | USD | 1 Quarter |
| Stock based compensation |
StockGrantedDuringPeriodValueSharebasedCompensation
|
$8.21K | USD | 2 Qtrs |
| Stock based compensation |
StockGrantedDuringPeriodValueSharebasedCompensation
|
$8.21K | USD | 2 Qtrs |
| Stock based compensation |
StockGrantedDuringPeriodValueSharebasedCompensation
|
$4.11K | USD | 1 Quarter |
| Unrealized gain on marketable securities |
MarketableSecuritiesUnrealizedGainLoss
|
$221.45K | USD | 1 Quarter |
| Unrealized gain on marketable securities |
MarketableSecuritiesUnrealizedGainLoss
|
$86.07K | USD | 2 Qtrs |
| Dividends paid |
DividendsCommonStock
|
$2.05M | USD | 1 Quarter |
| Dividends paid |
DividendsCommonStock
|
$2.05M | USD | 2 Qtrs |
| Dividends paid |
DividendsCommonStock
|
$2.65M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$4.51M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$3.20M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$2.27M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$1.14M | USD | 1 Quarter |
| Balance |
MembersEquity
|
$69.42M | USD | Point-in-time |
| Balance |
MembersEquity
|
$52.80M | USD | Point-in-time |
| Balance |
MembersEquity
|
$84.45M | USD | Point-in-time |
| Balance |
MembersEquity
|
$82.56M | USD | Point-in-time |
| Balance |
MembersEquity
|
$57.09M | USD | Point-in-time |
| Balance |
MembersEquity
|
$81.96M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.