10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001104659-20-122493 |
| Period End Date | 20200930 |
| Filing Date | 20201106 |
| Fiscal Year | 2020 |
| Fiscal Period | Q3 |
| XBRL Instance | sach-20200930x10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
78 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Deferred financing costs |
DeferredFinanceCostsNet
|
$2.69M | USD | Point-in-time |
| Deferred financing costs |
DeferredFinanceCostsNet
|
$3.07M | 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
|
$5.38M | USD | Point-in-time |
| Preferred Stock, Par or Stated Value Per Share |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Investments |
Investments
|
$27.69M | USD | Point-in-time |
| Investments |
Investments
|
$15.95M | 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 |
| Mortgages receivable |
MortgageLoansOnRealEstate
|
$94.35M | USD | Point-in-time |
| Mortgages receivable |
MortgageLoansOnRealEstate
|
$124.13M | 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 |
| Interest and fees receivable |
InterestReceivable
|
$1.55M | 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 |
| Other receivables |
OtherReceivables
|
$141.40K | USD | Point-in-time |
| Other receivables |
OtherReceivables
|
$87.31K | USD | Point-in-time |
| Common Stock, Shares Authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Common Stock, Shares Authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
22.12M | shares | Point-in-time |
| Due from borrowers |
DueFromAffiliates
|
$1.50M | USD | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
22.12M | shares | Point-in-time |
| Due from borrowers |
DueFromAffiliates
|
$840.93K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$24.73K | 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
|
$106.82K | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.42M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.35M | USD | Point-in-time |
| Deposits on property and equipment |
DepositsOnPropertyPlantAndEquipment
|
$172.21K | 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
|
$7.52M | USD | Point-in-time |
| Deferred financing costs |
DeferredCostsCurrent
|
$66.09K | USD | Point-in-time |
| Deferred financing costs |
DeferredCostsCurrent
|
$16.60K | USD | Point-in-time |
| Total assets |
Assets
|
$141.21M | USD | Point-in-time |
| Total assets |
Assets
|
$169.63M | USD | Point-in-time |
| Notes payable (net of deferred financing costs of $3,074,115 and $2,687,190) |
UnsecuredDebt
|
$69.45M | USD | Point-in-time |
| Notes payable (net of deferred financing costs of $3,074,115 and $2,687,190) |
UnsecuredDebt
|
$55.48M | USD | Point-in-time |
| Mortgage payable |
MortgagePayable
|
$771.78K | USD | Point-in-time |
| Mortgage payable |
MortgagePayable
|
$784.08K | USD | Point-in-time |
| Line of credit |
LineOfCredit
|
$12.08M | USD | Point-in-time |
| Line of credit |
LineOfCredit
|
- | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$249.88K | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$522.45K | USD | Point-in-time |
| Other loans |
OtherBorrowings
|
- | 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
|
$1.41M | USD | Point-in-time |
| Advances from borrowers |
AdvancePaymentsByBorrowersForTaxesAndInsurance
|
$848.27K | USD | Point-in-time |
| Deferred revenue |
DeferredRevenue
|
$1.11M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenue
|
$1.21M | USD | Point-in-time |
| Notes payable |
NotesPayable
|
$75.43K | USD | Point-in-time |
| Notes payable |
NotesPayable
|
$60.13K | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrentAndNoncurrent
|
$80.67K | 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
|
$85.77M | 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 loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-50.88K | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-37.60K | USD | Point-in-time |
| Retained earnings (accumulated deficit) |
RetainedEarningsAccumulatedDeficit
|
$-1.27M | USD | Point-in-time |
| Retained earnings (accumulated deficit) |
RetainedEarningsAccumulatedDeficit
|
$69.00K | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$82.56M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$83.86M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$169.63M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$141.21M | USD | Point-in-time |
Income Statement
116 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Interest income from loans |
InterestAndFeeIncomeLoansAndLeases
|
$9.64M | USD | 3 Qtrs |
| Interest income from loans |
InterestAndFeeIncomeLoansAndLeases
|
$7.51M | USD | 3 Qtrs |
| Interest income from loans |
InterestAndFeeIncomeLoansAndLeases
|
$2.44M | USD | 1 Quarter |
| Interest income from loans |
InterestAndFeeIncomeLoansAndLeases
|
$3.47M | USD | 1 Quarter |
| Interest income on investments |
InvestmentIncomeInterest
|
$28.15K | USD | 3 Qtrs |
| Interest income on investments |
InvestmentIncomeInterest
|
$163.16K | USD | 3 Qtrs |
| Interest income on investments |
InvestmentIncomeInterest
|
$28.15K | USD | 1 Quarter |
| Interest income on investments |
InvestmentIncomeInterest
|
$32.48K | USD | 1 Quarter |
| Gain/(loss)on sale of investment securities |
GainLossOnSaleOfInvestments
|
$-21.86K | USD | 1 Quarter |
| Gain/(loss)on sale of investment securities |
GainLossOnSaleOfInvestments
|
- | USD | 1 Quarter |
| Gain/(loss)on sale of investment securities |
GainLossOnSaleOfInvestments
|
$415.30K | USD | 3 Qtrs |
| Gain/(loss)on sale of investment securities |
GainLossOnSaleOfInvestments
|
- | USD | 3 Qtrs |
| Origination fees, net |
OriginationFees
|
$393.10K | USD | 1 Quarter |
| Origination fees, net |
OriginationFees
|
$497.24K | USD | 1 Quarter |
| Origination fees, net |
OriginationFees
|
$1.55M | USD | 3 Qtrs |
| Origination fees, net |
OriginationFees
|
$1.20M | USD | 3 Qtrs |
| Late and other fees |
RevenuesFromFeesAndCommissions
|
$205.18K | USD | 3 Qtrs |
| Late and other fees |
RevenuesFromFeesAndCommissions
|
$46.84K | USD | 3 Qtrs |
| Late and other fees |
RevenuesFromFeesAndCommissions
|
$18.15K | USD | 1 Quarter |
| Late and other fees |
RevenuesFromFeesAndCommissions
|
$10.96K | USD | 1 Quarter |
| Processing fees |
ProcessingFees
|
$44.87K | USD | 1 Quarter |
| Processing fees |
ProcessingFees
|
$123.57K | USD | 3 Qtrs |
| Processing fees |
ProcessingFees
|
$121.47K | USD | 3 Qtrs |
| Processing fees |
ProcessingFees
|
$37.45K | USD | 1 Quarter |
| Rental income, net |
RentalIncomeNonoperating
|
$49.78K | USD | 3 Qtrs |
| Rental income, net |
RentalIncomeNonoperating
|
$9.59K | USD | 1 Quarter |
| Rental income, net |
RentalIncomeNonoperating
|
$9.45K | USD | 1 Quarter |
| Rental income, net |
RentalIncomeNonoperating
|
$82.35K | USD | 3 Qtrs |
| Other income |
OtherIncome
|
$904.07K | USD | 3 Qtrs |
| Other income |
OtherIncome
|
$336.79K | USD | 1 Quarter |
| Other income |
OtherIncome
|
$622.05K | USD | 3 Qtrs |
| Other income |
OtherIncome
|
$325.52K | 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
|
- | USD | 3 Qtrs |
| Net gain on sale of real estate |
GainOnSaleOfRealEstateInvestment
|
- | USD | 1 Quarter |
| Total revenue |
Revenues
|
$3.38M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$4.27M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$12.89M | USD | 3 Qtrs |
| Total revenue |
Revenues
|
$9.79M | USD | 3 Qtrs |
| Interest and amortization of deferred financing costs |
InterestAndAmortizationOfDebtServiceCosts
|
$3.56M | USD | 3 Qtrs |
| Interest and amortization of deferred financing costs |
InterestAndAmortizationOfDebtServiceCosts
|
$1.26M | USD | 1 Quarter |
| Interest and amortization of deferred financing costs |
InterestAndAmortizationOfDebtServiceCosts
|
$537.88K | USD | 1 Quarter |
| Interest and amortization of deferred financing costs |
InterestAndAmortizationOfDebtServiceCosts
|
$1.61M | USD | 3 Qtrs |
| 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
|
$1.22M | USD | 3 Qtrs |
| Compensation, fees and taxes |
CompensationFeesAndTaxes
|
$496.06K | USD | 1 Quarter |
| Stock based compensation |
ShareBasedCompensation
|
$12.32K | 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
|
$4.11K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$259.27K | USD | 3 Qtrs |
| Professional fees |
ProfessionalFees
|
$105.05K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$158.21K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$400.87K | USD | 3 Qtrs |
| Other expenses and taxes |
TaxesAndLicenses
|
$70.68K | USD | 3 Qtrs |
| Other expenses and taxes |
TaxesAndLicenses
|
$61.48K | USD | 3 Qtrs |
| Other expenses and taxes |
TaxesAndLicenses
|
$26.25K | USD | 1 Quarter |
| Other expenses and taxes |
TaxesAndLicenses
|
$39.35K | USD | 1 Quarter |
| Exchange fees |
ExchangeFees
|
$11.34K | USD | 1 Quarter |
| Exchange fees |
ExchangeFees
|
$22.71K | USD | 1 Quarter |
| Exchange fees |
ExchangeFees
|
$29.99K | USD | 3 Qtrs |
| Exchange fees |
ExchangeFees
|
$32.85K | USD | 3 Qtrs |
| Expense in connection with termination of LOC |
GainsLossesOnExtinguishmentOfDebt
|
- | 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 | 3 Qtrs |
| Expense in connection with termination of LOC |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 1 Quarter |
| Impairment |
AssetImpairmentCharges
|
- | USD | 3 Qtrs |
| Impairment |
AssetImpairmentCharges
|
- | USD | 1 Quarter |
| Impairment |
AssetImpairmentCharges
|
- | USD | 1 Quarter |
| Impairment |
AssetImpairmentCharges
|
$495.00K | USD | 3 Qtrs |
| Net loss on sale of real estate |
GainLossOnSaleOfRealEstateProperties
|
- | USD | 1 Quarter |
| Net loss on sale of real estate |
GainLossOnSaleOfRealEstateProperties
|
$-2.82K | USD | 1 Quarter |
| Net loss on sale of real estate |
GainLossOnSaleOfRealEstateProperties
|
$-7.28K | USD | 3 Qtrs |
| Net loss on sale of real estate |
GainLossOnSaleOfRealEstateProperties
|
- | USD | 3 Qtrs |
| Depreciation |
Depreciation
|
$44.29K | USD | 3 Qtrs |
| Depreciation |
Depreciation
|
$46.32K | USD | 3 Qtrs |
| Depreciation |
Depreciation
|
$18.62K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$15.35K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$145.25K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$412.68K | USD | 3 Qtrs |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$131.21K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$400.56K | USD | 3 Qtrs |
| Total operating costs and expenses |
CostsAndExpenses
|
$4.54M | USD | 3 Qtrs |
| Total operating costs and expenses |
CostsAndExpenses
|
$2.13M | USD | 1 Quarter |
| Total operating costs and expenses |
CostsAndExpenses
|
$6.25M | USD | 3 Qtrs |
| Total operating costs and expenses |
CostsAndExpenses
|
$1.32M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$2.06M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$2.14M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$6.64M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$5.25M | USD | 3 Qtrs |
| Unrealized gain (loss) on investment securities |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
- | USD | 1 Quarter |
| Unrealized gain (loss) on investment securities |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$13.28K | USD | 3 Qtrs |
| Unrealized gain (loss) on investment securities |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-72.78K | USD | 1 Quarter |
| Unrealized gain (loss) on investment securities |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
- | USD | 3 Qtrs |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$5.25M | USD | 3 Qtrs |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$6.66M | USD | 3 Qtrs |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$2.06M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$2.07M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.30 | USD | 3 Qtrs |
| Basic |
EarningsPerShareBasic
|
$0.10 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.30 | USD | 3 Qtrs |
| Basic |
EarningsPerShareBasic
|
$0.10 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.30 | USD | 3 Qtrs |
| Diluted |
EarningsPerShareDiluted
|
$0.10 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.30 | USD | 3 Qtrs |
| Diluted |
EarningsPerShareDiluted
|
$0.10 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
17.66M | shares | 3 Qtrs |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
22.12M | shares | 3 Qtrs |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
21.34M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
22.12M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
22.12M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
17.62M | shares | 3 Qtrs |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
22.12M | shares | 3 Qtrs |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
21.34M | shares | 1 Quarter |
Cash Flow Statement
122 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
|
$170.38K | USD | Point-in-time |
| Real estate acquired in connection with the foreclosure of certain mortgages, inclusive of interest and other fees receivable |
RealEstateAcquiredThroughForeclosure
|
$2.27M | USD | Point-in-time |
| Net income |
NetIncomeLoss
|
$2.06M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$2.14M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$6.64M | USD | 3 Qtrs |
| Purchase of equipment subject to capital lease |
CapitalExpendituresIncurredButNotYetPaid
|
$13.01K | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$5.25M | USD | 3 Qtrs |
| Reclassification of mortgage receivable |
ReclassificationOfNotesReceivableToMortgageReceivable
|
$879.46K | USD | 3 Qtrs |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
$357.50K | USD | 3 Qtrs |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
$159.87K | USD | 3 Qtrs |
| Remaining balance of mortgages receivable |
RemainingBalanceOfMortgagesReceivable
|
- | USD | Point-in-time |
| Depreciation expense |
Depreciation
|
$44.29K | USD | 3 Qtrs |
| Depreciation expense |
Depreciation
|
$46.32K | USD | 3 Qtrs |
| Depreciation expense |
Depreciation
|
$18.62K | USD | 1 Quarter |
| Depreciation expense |
Depreciation
|
$15.35K | USD | 1 Quarter |
| Stock based compensation |
ShareBasedCompensation
|
$12.32K | 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
|
$4.11K | USD | 1 Quarter |
| Impairment loss |
GoodwillImpairmentLoss
|
$495.00K | USD | 3 Qtrs |
| Impairment loss |
GoodwillImpairmentLoss
|
- | USD | 3 Qtrs |
| Loss (gain) on sale of real estate |
GainsLossesOnSalesOfInvestmentRealEstate
|
$-7.28K | USD | 3 Qtrs |
| Loss (gain) on sale of real estate |
GainsLossesOnSalesOfInvestmentRealEstate
|
$20.08K | USD | 3 Qtrs |
| Abandonment of office furniture |
AbandonmentOfOfficeFurniture
|
$12.00K | USD | 3 Qtrs |
| Abandonment of office furniture |
AbandonmentOfOfficeFurniture
|
- | USD | 3 Qtrs |
| Costs in connection with termination of line of credit |
WriteOffOfDeferredDebtIssuanceCost
|
$439.45K | USD | 3 Qtrs |
| Realized gain on investments |
MarketableSecuritiesRealizedGainLoss
|
- | USD | 3 Qtrs |
| Realized gain on investments |
MarketableSecuritiesRealizedGainLoss
|
$415.30K | USD | 3 Qtrs |
| Escrow deposits |
IncreaseDecreaseInEscrowDeposit
|
- | 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
|
$180.34K | USD | 3 Qtrs |
| Other receivables |
IncreaseDecreaseInOtherReceivables
|
$-54.09K | USD | 3 Qtrs |
| Other receivables |
IncreaseDecreaseInOtherReceivables
|
$67.24K | USD | 3 Qtrs |
| Due from borrowers |
IncreaseDecreaseInFinanceReceivables
|
$273.20K | USD | 3 Qtrs |
| Due from borrowers |
IncreaseDecreaseInFinanceReceivables
|
$-2.12M | USD | 3 Qtrs |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$82.08K | USD | 3 Qtrs |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$22.30K | USD | 3 Qtrs |
| Deposits on property and equipment |
IncreaseDecreaseInSecurityDeposits
|
$-37.88K | USD | 3 Qtrs |
| Deposits on property and equipment |
IncreaseDecreaseInSecurityDeposits
|
$-100.53K | USD | 3 Qtrs |
| Due to note purchaser |
IncreaseDecreaseInNotesPayableCurrent
|
$-176.62K | USD | 3 Qtrs |
| Due to note purchaser |
IncreaseDecreaseInNotesPayableCurrent
|
- | USD | 3 Qtrs |
| Accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$77.26K | USD | 3 Qtrs |
| Accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$3.32K | USD | 3 Qtrs |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-159.51K | USD | 3 Qtrs |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$272.57K | USD | 3 Qtrs |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$-91.02K | USD | 3 Qtrs |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$9.26K | USD | 3 Qtrs |
| Advances from borrowers |
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
|
$565.71K | USD | 3 Qtrs |
| Advances from borrowers |
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
|
$180.89K | USD | 3 Qtrs |
| Total adjustments |
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$2.06M | USD | 3 Qtrs |
| Total adjustments |
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$745.57K | USD | 3 Qtrs |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
NetCashProvidedByUsedInOperatingActivities
|
$7.31M | USD | 3 Qtrs |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
NetCashProvidedByUsedInOperatingActivities
|
$7.39M | USD | 3 Qtrs |
| Purchase of investments |
PaymentsToAcquireMarketableSecurities
|
- | USD | 3 Qtrs |
| Purchase of investments |
PaymentsToAcquireMarketableSecurities
|
$37.22M | USD | 3 Qtrs |
| Proceeds from the sale of investments |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$25.91M | USD | 3 Qtrs |
| Proceeds from the sale of investments |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
- | USD | 3 Qtrs |
| Proceeds from sale of real estate owned |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$1.82M | USD | 3 Qtrs |
| Proceeds from sale of real estate owned |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$362.14K | USD | 3 Qtrs |
| Acquisitions of and improvements to real estate owned |
PaymentsToAcquireRealEstateHeldForInvestment
|
$443.22K | USD | 3 Qtrs |
| Acquisitions of and improvements to real estate owned |
PaymentsToAcquireRealEstateHeldForInvestment
|
$1.58M | USD | 3 Qtrs |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$196.60K | USD | 3 Qtrs |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$118.36K | USD | 3 Qtrs |
| Security deposits held |
PaymentsForProceedsFromOtherDeposits
|
$-5.62K | USD | 3 Qtrs |
| Security deposits held |
PaymentsForProceedsFromOtherDeposits
|
- | USD | 3 Qtrs |
| Principal disbursements for mortgages receivable |
PaymentsToAcquireMortgageReceivable
|
$42.16M | USD | 3 Qtrs |
| Principal disbursements for mortgages receivable |
PaymentsToAcquireMortgageReceivable
|
$68.03M | USD | 3 Qtrs |
| Principal collections on mortgages receivable |
ProceedsFromCollectionOfMortgageReceivable
|
$27.92M | USD | 3 Qtrs |
| Principal collections on mortgages receivable |
ProceedsFromCollectionOfMortgageReceivable
|
$37.86M | USD | 3 Qtrs |
| NET CASH USED FOR INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivities
|
$-14.52M | USD | 3 Qtrs |
| NET CASH USED FOR INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivities
|
$-41.36M | USD | 3 Qtrs |
| Proceeds from line of credit |
ProceedsFromLinesOfCredit
|
$42.72M | USD | 3 Qtrs |
| Proceeds from line of credit |
ProceedsFromLinesOfCredit
|
$14.08M | USD | 3 Qtrs |
| Repayment of line of credit |
RepaymentsOfLinesOfCredit
|
$69.94M | USD | 3 Qtrs |
| Repayment of line of credit |
RepaymentsOfLinesOfCredit
|
$2.00M | USD | 3 Qtrs |
| Proceeds from notes sold to shareholder |
ProceedsFromNotesSoldToShareholder
|
$1.02M | USD | 3 Qtrs |
| Proceeds from notes sold to shareholder |
ProceedsFromNotesSoldToShareholder
|
- | USD | 3 Qtrs |
| Repayment of notes sold to shareholder |
RepaymentsOfRelatedPartyDebt
|
$2.22M | USD | 3 Qtrs |
| Repayment of notes sold to shareholder |
RepaymentsOfRelatedPartyDebt
|
- | USD | 3 Qtrs |
| Principal payments on mortgage payable |
PaymentsForProceedsFromMortgageDeposits
|
$12.30K | USD | 3 Qtrs |
| Principal payments on mortgage payable |
PaymentsForProceedsFromMortgageDeposits
|
- | USD | 3 Qtrs |
| Principal payments on notes payable |
RepaymentsOfNotesPayable
|
$15.30K | USD | 3 Qtrs |
| Principal payments on notes payable |
RepaymentsOfNotesPayable
|
- | USD | 3 Qtrs |
| Dividends paid |
PaymentsOfOrdinaryDividends
|
$7.03M | USD | 3 Qtrs |
| Dividends paid |
PaymentsOfOrdinaryDividends
|
$5.31M | USD | 3 Qtrs |
| Financing costs incurred |
PaymentsOfFinancingCosts
|
$108.35K | USD | 3 Qtrs |
| Financing costs incurred |
PaymentsOfFinancingCosts
|
$6.84K | USD | 3 Qtrs |
| Proceeds from other loans |
ProceedsFromOtherDebt
|
- | USD | 3 Qtrs |
| Proceeds from other loans |
ProceedsFromOtherDebt
|
$257.85K | 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
|
- | 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
|
- | USD | 3 Qtrs |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$30.74M | USD | 3 Qtrs |
| Costs associated with the issuance of common stock |
PaymentsOfStockIssuanceCosts
|
$147.00K | USD | 3 Qtrs |
| Costs associated with the issuance of common stock |
PaymentsOfStockIssuanceCosts
|
- | USD | 3 Qtrs |
| Gross proceeds from issuance of fixed rate notes |
ProceedsFromIssuanceOfFixedRateNotes
|
$23.66M | USD | 3 Qtrs |
| Gross proceeds from issuance of fixed rate notes |
ProceedsFromIssuanceOfFixedRateNotes
|
$14.36M | USD | 3 Qtrs |
| Financing costs incurred in connection with fixed rate notes |
FinancingCostsIncurredInConnectionWithFixedRateNotes
|
$1.31M | USD | 3 Qtrs |
| Financing costs incurred in connection with fixed rate notes |
FinancingCostsIncurredInConnectionWithFixedRateNotes
|
$743.91K | USD | 3 Qtrs |
| NET CASH PROVIDED BY FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivities
|
$20.51M | USD | 3 Qtrs |
| NET CASH PROVIDED BY FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivities
|
$18.06M | USD | 3 Qtrs |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-13.46M | USD | 3 Qtrs |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$10.85M | USD | 3 Qtrs |
| CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$5.38M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$11.00M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$18.84M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$158.86K | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS - END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$5.38M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS - END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$11.00M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS - END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$18.84M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS - END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$158.86K | USD | Point-in-time |
| Taxes paid |
IncomeTaxesPaid
|
- | USD | 3 Qtrs |
| Taxes paid |
IncomeTaxesPaid
|
- | USD | 3 Qtrs |
| Interest paid |
InterestPaidNet
|
$2.09M | 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
|
- | USD | Point-in-time |
Stockholders Equity
31 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
MembersEquity
|
$82.55M | USD | Point-in-time |
| Beginning balance |
MembersEquity
|
$84.45M | USD | Point-in-time |
| Beginning balance |
MembersEquity
|
$83.86M | USD | Point-in-time |
| Beginning balance |
MembersEquity
|
$84.26M | USD | Point-in-time |
| Beginning balance |
MembersEquity
|
$69.42M | USD | Point-in-time |
| Beginning balance |
MembersEquity
|
$52.80M | USD | Point-in-time |
| Offering costs-ATM |
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
$58.35K | USD | 3 Qtrs |
| Sales of stock |
StockIssuedDuringPeriodValueNewIssues
|
$10.67M | USD | 3 Qtrs |
| Sales of stock |
StockIssuedDuringPeriodValueNewIssues
|
$10.67M | USD | 1 Quarter |
| Exercise of warrants |
StockIssuedDuringPeriodValueWarrantsExercised
|
$82.03K | USD | 1 Quarter |
| Exercise of warrants |
StockIssuedDuringPeriodValueWarrantsExercised
|
$82.03K | USD | 3 Qtrs |
| Stock based compensation |
StockGrantedDuringPeriodValueSharebasedCompensation
|
$4.10K | USD | 1 Quarter |
| Stock based compensation |
StockGrantedDuringPeriodValueSharebasedCompensation
|
$4.11K | USD | 1 Quarter |
| Stock based compensation |
StockGrantedDuringPeriodValueSharebasedCompensation
|
$12.32K | USD | 3 Qtrs |
| Stock based compensation |
StockGrantedDuringPeriodValueSharebasedCompensation
|
$12.33K | USD | 3 Qtrs |
| Unrealized gain on marketable securities |
MarketableSecuritiesUnrealizedGainLoss
|
$-72.78K | USD | 1 Quarter |
| Unrealized gain on marketable securities |
MarketableSecuritiesUnrealizedGainLoss
|
$13.28K | USD | 3 Qtrs |
| Dividends paid |
DividendsCommonStock
|
$2.35M | USD | 1 Quarter |
| Dividends paid |
DividendsCommonStock
|
$4.40M | USD | 3 Qtrs |
| Dividends paid |
DividendsCommonStock
|
$2.65M | USD | 1 Quarter |
| Dividends paid |
DividendsCommonStock
|
$5.31M | USD | 3 Qtrs |
| Net income |
ProfitLosses
|
$2.06M | USD | 1 Quarter |
| Net income |
ProfitLosses
|
$5.25M | USD | 3 Qtrs |
| Net income |
ProfitLosses
|
$2.14M | USD | 1 Quarter |
| Net income |
ProfitLosses
|
$6.66M | USD | 3 Qtrs |
| Balance |
MembersEquity
|
$82.55M | USD | Point-in-time |
| Balance |
MembersEquity
|
$84.45M | USD | Point-in-time |
| Balance |
MembersEquity
|
$83.86M | USD | Point-in-time |
| Balance |
MembersEquity
|
$84.26M | 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.