10-K Filing

Sachem Capital Corp. CIK: 1682220 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001104659-21-044384`
Period End Date	20201231
Filing Date	20210331
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	sach-20201231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 55 Cash Flow Statement 103 Stockholders Equity 22

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`	$4.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.41M	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.84M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Short-term marketable securities	`MarketableSecuritiesCurrent`	$15.95M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Short-term marketable securities	`MarketableSecuritiesCurrent`	$37.29M	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
Mortgages receivable	`MortgageLoansOnRealEstate`	$155.62M	USD	Point-in-time
Mortgages receivable	`MortgageLoansOnRealEstate`	$94.35M	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
Interest and fees receivable	`InterestReceivable`	$1.82M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other receivables	`OtherReceivables`	$141.40K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other receivables	`OtherReceivables`	$67.31K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	22.12M	shares	Point-in-time
Due from borrowers	`DueFromAffiliates`	$2.03M	USD	Point-in-time
Due from borrowers	`DueFromAffiliates`	$840.93K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	22.12M	shares	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
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$71.31K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.35M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.43M	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`	$8.86M	USD	Point-in-time
Deferred financing costs	`DeferredCostsCurrent`	$72.81K	USD	Point-in-time
Deferred financing costs	`DeferredCostsCurrent`	$16.60K	USD	Point-in-time
Total assets	`Assets`	$226.67M	USD	Point-in-time
Total assets	`Assets`	$141.21M	USD	Point-in-time
Notes payable (net of deferred financing costs of $4,886,058 and $2,687,190)	`UnsecuredDebt`	$55.48M	USD	Point-in-time
Notes payable (net of deferred financing costs of $4,886,058 and $2,687,190)	`UnsecuredDebt`	$109.64M	USD	Point-in-time
Mortgage payable	`MortgagePayable`	$767.51K	USD	Point-in-time
Mortgage payable	`MortgagePayable`	$784.08K	USD	Point-in-time
Line of credit	`LineOfCredit`	-	USD	Point-in-time
Line of credit	`LineOfCredit`	$28.06M	USD	Point-in-time
Dividends declared and payable	`DividendsPayableCurrentAndNoncurrent`	$2.65M	USD	Point-in-time
Dividends declared and payable	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$372.66K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$249.88K	USD	Point-in-time
Other loans	`OtherBorrowings`	$257.85K	USD	Point-in-time
Other loans	`OtherBorrowings`	-	USD	Point-in-time
Security deposits held	`SecurityDepositLiability`	$7.80K	USD	Point-in-time
Security deposits held	`SecurityDepositLiability`	$13.42K	USD	Point-in-time
Advances from borrowers	`AdvancePaymentsByBorrowersForTaxesAndInsurance`	$1.83M	USD	Point-in-time
Advances from borrowers	`AdvancePaymentsByBorrowersForTaxesAndInsurance`	$848.27K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$2.10M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$1.21M	USD	Point-in-time
Notes payable	`NotesPayable`	$54.68K	USD	Point-in-time
Notes payable	`NotesPayable`	$75.43K	USD	Point-in-time
Accrued interest	`InterestPayableCurrentAndNoncurrent`	$3.42K	USD	Point-in-time
Accrued interest	`InterestPayableCurrentAndNoncurrent`	$3.34K	USD	Point-in-time
Total liabilities	`Liabilities`	$145.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$58.65M	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
Common stock - $.001 par value; 100,000,000 shares authorized; 22,124,801 and 22,117,301 issued and outstanding	`CommonStockValue`	$22.12K	USD	Point-in-time
Common stock - $.001 par value; 100,000,000 shares authorized; 22,124,801 and 22,117,301 issued and outstanding	`CommonStockValue`	$22.12K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$83.81M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$83.86M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-50.88K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.99K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.89M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.27M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$82.56M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$80.92M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$141.21M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$226.67M	USD	Point-in-time

Income Statement 55 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$13.82M	USD	Annual
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$9.75M	USD	Annual
Investment income	`InvestmentIncomeNet`	$399.49K	USD	Annual
Investment income	`InvestmentIncomeNet`	$81.11K	USD	Annual
Gain on sale of marketable securities	`GainLossOnSaleOfInvestments`	$903.26K	USD	Annual
Origination fees, net	`OriginationFees`	$1.89M	USD	Annual
Origination fees, net	`OriginationFees`	$1.52M	USD	Annual
Late and other fees	`RevenuesFromFeesAndCommissions`	$265.31K	USD	Annual
Late and other fees	`RevenuesFromFeesAndCommissions`	$85.47K	USD	Annual
Processing fees	`ProcessingFees`	$167.83K	USD	Annual
Processing fees	`ProcessingFees`	$167.07K	USD	Annual
Rental income, net	`RentalIncomeNonoperating`	$69.30K	USD	Annual
Rental income, net	`RentalIncomeNonoperating`	$85.34K	USD	Annual
Other income	`OtherIncome`	$826.69K	USD	Annual
Other income	`OtherIncome`	$1.25M	USD	Annual
Total revenue	`Revenues`	$12.68M	USD	Annual
Total revenue	`Revenues`	$18.60M	USD	Annual
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$2.94M	USD	Annual
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$5.55M	USD	Annual
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$1.53M	USD	Annual
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$1.80M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$43.15K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$16.43K	USD	Annual
Professional fees	`ProfessionalFees`	$628.80K	USD	Annual
Professional fees	`ProfessionalFees`	$542.92K	USD	Annual
Other expenses and taxes	`TaxesAndLicenses`	$90.41K	USD	Annual
Other expenses and taxes	`TaxesAndLicenses`	$157.19K	USD	Annual
Exchange fees	`ExchangeFees`	$49.05K	USD	Annual
Exchange fees	`ExchangeFees`	$44.19K	USD	Annual
Expense in connection with termination of credit facility	`GainsLossesOnExtinguishmentOfDebt`	$-340.19K	USD	Annual
Expense in connection with termination of credit facility	`GainsLossesOnExtinguishmentOfDebt`	$35.00M	USD	Point-in-time
Impairment loss	`AssetImpairmentCharges`	$417.09K	USD	Annual
Impairment loss	`AssetImpairmentCharges`	$795.00K	USD	Annual
Net loss on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$-7.22K	USD	Annual
Net loss on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$-34.92K	USD	Annual
Depreciation	`Depreciation`	$63.57K	USD	Annual
Depreciation	`Depreciation`	$61.87K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$562.61K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$478.51K	USD	Annual
Total operating costs and expenses	`CostsAndExpenses`	$9.61M	USD	Annual
Total operating costs and expenses	`CostsAndExpenses`	$6.48M	USD	Annual
Net income	`NetIncomeLoss`	$6.20M	USD	Annual
Net income	`NetIncomeLoss`	$8.99M	USD	Annual
Unrealized gain (loss) on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$-50.88K	USD	Annual
Unrealized gain (loss) on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$24.89K	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.15M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.02M	USD	Annual
Basic	`EarningsPerShareBasic`	$0.41	USD	Annual
Basic	`EarningsPerShareBasic`	$0.32	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.32	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.41	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	22.12M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	19.42M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.12M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.42M	shares	Annual

Cash Flow Statement 103 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`	$5.41M	USD	Point-in-time
Real estate acquired in connection with the foreclosure of certain mortgages, inclusive of interest and other fees receivable	`RealEstateAcquiredThroughForeclosure`	$1.55M	USD	Point-in-time
Net income	`ProfitLoss`	$8.99M	USD	Annual
Net income	`ProfitLoss`	$6.20M	USD	Annual
Reclassification of mortgage receivable	`ReclassificationOfNotesReceivableToMortgageReceivable`	$879.46K	USD	Annual
Remaining balance of mortgages receivable	`RemainingBalanceOfMortgagesReceivable`	-	USD	Point-in-time
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$601.96K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$722.58K	USD	Annual
Depreciation expense	`Depreciation`	$63.57K	USD	Annual
Depreciation expense	`Depreciation`	$61.87K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$43.15K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$16.43K	USD	Annual
Impairment loss	`GoodwillImpairmentLoss`	$795.00K	USD	Annual
Impairment loss	`GoodwillImpairmentLoss`	$417.09K	USD	Annual
Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$-7.22K	USD	Annual
Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$-34.92K	USD	Annual
Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$42.07K	USD	Point-in-time
Abandonment of office furniture	`AbandonmentOfOfficeFurniture`	$12.00K	USD	Annual
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLoss`	-	USD	Annual
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLoss`	$903.26K	USD	Annual
Escrow deposits	`IncreaseDecreaseInEscrowDeposit`	$-12.82K	USD	Annual
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$154.20K	USD	Annual
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$504.58K	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-74.09K	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-13.60K	USD	Annual
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$1.54M	USD	Annual
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$-385.42K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$46.58K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$9.87K	USD	Annual
Deposits on property and equipment	`IncreaseDecreaseInSecurityDeposits`	$-59.68K	USD	Annual
Deposits on property and equipment	`IncreaseDecreaseInSecurityDeposits`	$71.68K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-173.20K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-72.00	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$122.10K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-66.53K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$893.59K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$147.33K	USD	Annual
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$530.94K	USD	Annual
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$982.27K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.92M	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$633.95K	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$9.63M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$8.12M	USD	Annual
Purchase of investments	`PaymentsToAcquireMarketableSecurities`	$16.00M	USD	Annual
Purchase of investments	`PaymentsToAcquireMarketableSecurities`	$97.56M	USD	Annual
Proceeds from the sale of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	Annual
Proceeds from the sale of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$77.14M	USD	Annual
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$1.09M	USD	Annual
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$1.82M	USD	Annual
Acquisitions of and improvements to real estate owned	`PaymentsToAcquireRealEstateHeldForInvestment`	$1.81M	USD	Annual
Acquisitions of and improvements to real estate owned	`PaymentsToAcquireRealEstateHeldForInvestment`	$1.27M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$148.86K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$241.85K	USD	Annual
Security deposits held	`PaymentsForProceedsFromOtherDeposits`	$-5.62K	USD	Annual
Security deposits held	`PaymentsForProceedsFromOtherDeposits`	-	USD	Annual
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$64.74M	USD	Annual
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$117.23M	USD	Annual
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortgageReceivable`	$54.96M	USD	Annual
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortgageReceivable`	$43.35M	USD	Annual
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-82.82M	USD	Annual
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-37.82M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$42.72M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$30.06M	USD	Annual
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$69.94M	USD	Annual
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$2.00M	USD	Annual
Proceeds from notes sold to shareholder	`ProceedsFromNotesSoldToShareholder`	$1.02M	USD	Annual
Repayment of notes sold to shareholder	`RepaymentsOfRelatedPartyDebt`	$2.22M	USD	Annual
Principal payments on mortgage payable	`PaymentsForProceedsFromMortgageDeposits`	$16.57K	USD	Annual
Principal payments on mortgage payable	`PaymentsForProceedsFromMortgageDeposits`	-	USD	Annual
Principal payments on notes payable	`RepaymentsOfNotesPayable`	$20.75K	USD	Annual
Principal payments on notes payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Dividends paid	`PaymentsOfOrdinaryDividends`	$9.68M	USD	Annual
Dividends paid	`PaymentsOfOrdinaryDividends`	$7.96M	USD	Annual
Financing costs incurred	`PaymentsOfFinancingCosts`	$114.56K	USD	Annual
Financing costs incurred	`PaymentsOfFinancingCosts`	$2.87M	USD	Annual
Proceeds from other loans	`ProceedsFromOtherDebt`	$257.85K	USD	Annual
Proceeds from other loans	`ProceedsFromOtherDebt`	-	USD	Annual
Proceeds from mortgage payable	`ProceedsFromMortgagePayable`	$795.00K	USD	Annual
Prepayment of mortgage payable	`RepaymentOfMortgagePayable`	$301.90K	USD	Annual
Proceeds from notes payable, net	`ProceedsFromNotesPayable`	$75.43K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$30.54M	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$82.03K	USD	Annual
Gross proceeds from issuance of fixed rate notes	`ProceedsFromIssuanceOfFixedRateNotes`	$58.16M	USD	Annual
Gross proceeds from issuance of fixed rate notes	`ProceedsFromIssuanceOfFixedRateNotes`	$56.08M	USD	Annual
Financing costs incurred in connection with fixed rate notes	`FinancingCostsIncurredInConnectionWithFixedRateNotes`	-	USD	Annual
Financing costs incurred in connection with fixed rate notes	`FinancingCostsIncurredInConnectionWithFixedRateNotes`	$2.52M	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$48.38M	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$73.76M	USD	Annual
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$566.09K	USD	Annual
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$18.68M	USD	Annual
CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.84M	USD	Point-in-time
CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.41M	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`	$18.84M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.41M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.86K	USD	Point-in-time
Taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Interest paid	`InterestPaidNet`	$4.95M	USD	Annual
Interest paid	`InterestPaidNet`	$2.24M	USD	Annual
Original Issue Discount	`OriginalIssueDiscount`	$280.00K	USD	Annual
Original Issue Discount	`OriginalIssueDiscount`	-	USD	Annual
Dividends declared and payable	`DividendsDeclaredAndPayable`	$2.65M	USD	Annual
Dividends declared and payable	`DividendsDeclaredAndPayable`	-	USD	Annual

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`MembersEquity`	$52.80M	USD	Point-in-time
Beginning balance	`MembersEquity`	$82.56M	USD	Point-in-time
Beginning balance	`MembersEquity`	$80.92M	USD	Point-in-time
Sales of common stock through ATM	`StockIssuedDuringPeriodValueNewIssues`	$10.58M	USD	Annual
Sale of common stock	`StockIssuedDuringPeriodSharesNewIssues`	2.30M	shares	Annual
Exercise of warrants	`StockIssuedDuringPeriodValueWarrantsExercised`	$82.03K	USD	Annual
Offering costs-ATM	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$58.35K	USD	Annual
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$43.15K	USD	Annual
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$16.43K	USD	Annual
Stock based compensation (in shares)	`StockIssuedDuringPeriodSharesShareBasedCompensation`	37,884.00	shares	Annual
Unrealized loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$24.89K	USD	Annual
Unrealized loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-50.88K	USD	Annual
Dividends paid	`DividendsCommonStock`	$7.06M	USD	Annual
Dividends paid	`DividendsCommonStock`	$7.96M	USD	Annual
Dividends declared and payable	`DividendsCommonStockCash`	$2.65M	USD	Annual
Net income for the year	`NetIncomeLoss`	$6.20M	USD	Annual
Net income for the year	`NetIncomeLoss`	$8.99M	USD	Annual
Profit Losses	`ProfitLosses`	$8.99M	USD	Annual
Profit Losses	`ProfitLosses`	$6.20M	USD	Annual
Balance	`MembersEquity`	$52.80M	USD	Point-in-time
Balance	`MembersEquity`	$82.56M	USD	Point-in-time
Balance	`MembersEquity`	$80.92M	USD	Point-in-time

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