10-Q Filing

Sachem Capital Corp. CIK: 1682220 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001104659-21-134447`
Period End Date	20210930
Filing Date	20211104
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	sach-20210930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 120 Cash Flow Statement 103 Stockholders Equity 37

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Deferred financing costs	`DeferredFinanceCostsNet`	$4.13M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$4.87M	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`	$19.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.41M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Investment securities	`MarketableSecuritiesCurrent`	$56.08M	USD	Point-in-time
Investment securities	`MarketableSecuritiesCurrent`	$37.29M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	1.90M	shares	Point-in-time
Investment in partnership	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	-	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	1.90M	shares	Point-in-time
Investment in partnership	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$1.80M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	1.90M	shares	Point-in-time
Mortgages receivable	`MortgageLoansOnRealEstate`	$219.96M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	1.90M	shares	Point-in-time
Mortgages receivable	`MortgageLoansOnRealEstate`	$155.62M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Interest and fees receivable	`InterestReceivable`	$1.82M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Interest and fees receivable	`InterestReceivable`	$2.71M	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 Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other receivables	`OtherReceivables`	$428.39K	USD	Point-in-time
Due from borrowers	`DueFromAffiliates`	$2.03M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	28.32M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	22.12M	shares	Point-in-time
Due from borrowers	`DueFromAffiliates`	$3.43M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$71.31K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$85.81K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	22.12M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	28.32M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.43M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.19M	USD	Point-in-time
Real estate owned	`RealEstateInvestmentsOwned`	$8.86M	USD	Point-in-time
Real estate owned	`RealEstateInvestmentsOwned`	$6.77M	USD	Point-in-time
Other deposits	`OtherDeposits`	-	USD	Point-in-time
Other deposits	`OtherDeposits`	$291.19K	USD	Point-in-time
Deferred financing costs, net	`DeferredCostsCurrent`	$72.81K	USD	Point-in-time
Deferred financing costs, net	`DeferredCostsCurrent`	$354.94K	USD	Point-in-time
Total assets	`Assets`	$226.67M	USD	Point-in-time
Total assets	`Assets`	$313.35M	USD	Point-in-time
Notes payable (net of deferred financing costs of $4,132,355 and $4,866,058)	`UnsecuredDebt`	$110.39M	USD	Point-in-time
Notes payable (net of deferred financing costs of $4,132,355 and $4,866,058)	`UnsecuredDebt`	$109.64M	USD	Point-in-time
Mortgage payable	`MortgagePayable`	-	USD	Point-in-time
Mortgage payable	`MortgagePayable`	$767.51K	USD	Point-in-time
Line of credit	`LineOfCredit`	$30.06M	USD	Point-in-time
Line of credit	`LineOfCredit`	$28.06M	USD	Point-in-time
Accrued dividends payable	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Accrued dividends payable	`DividendsPayableCurrentAndNoncurrent`	$2.65M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$192.67K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$372.66K	USD	Point-in-time
Other loans	`OtherBorrowings`	$257.85K	USD	Point-in-time
Other loans	`OtherBorrowings`	-	USD	Point-in-time
Security deposits held	`SecurityDepositLiability`	$2.00K	USD	Point-in-time
Security deposits held	`SecurityDepositLiability`	$13.42K	USD	Point-in-time
Advances from borrowers	`AdvancePaymentsByBorrowersForTaxesAndInsurance`	$10.03M	USD	Point-in-time
Advances from borrowers	`AdvancePaymentsByBorrowersForTaxesAndInsurance`	$1.83M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$2.10M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$3.88M	USD	Point-in-time
Notes payable	`NotesPayable`	$54.68K	USD	Point-in-time
Notes payable	`NotesPayable`	$37.50K	USD	Point-in-time
Accrued interest	`InterestPayableCurrentAndNoncurrent`	$3.34K	USD	Point-in-time
Accrued interest	`InterestPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$145.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$154.59M	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; 1,903,000 shares of Series A Preferred Stock issued and outstanding	`PreferredStockValue`	$1.90K	USD	Point-in-time
Preferred shares - $.001 par value; 5,000,000 shares authorized; 1,903,000 shares of Series A Preferred Stock issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $.001 par value; 100,000,000 shares authorized; 28,315,930 and 22,124,801 issued and outstanding	`CommonStockValue`	$28.32K	USD	Point-in-time
Common stock - $.001 par value; 100,000,000 shares authorized; 28,315,930 and 22,124,801 issued and outstanding	`CommonStockValue`	$22.12K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$83.81M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$160.28M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.99K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-637.99K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.89M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-913.62K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$80.92M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$158.76M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$226.67M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$313.35M	USD	Point-in-time

Income Statement 120 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$15.31M	USD	3 Qtrs
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$3.47M	USD	1 Quarter
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$6.09M	USD	1 Quarter
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$9.64M	USD	3 Qtrs
Investment income	`InvestmentIncomeNet`	$163.16K	USD	3 Qtrs
Investment income	`InvestmentIncomeNet`	$275.75K	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$32.48K	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$698.56K	USD	3 Qtrs
Income from partnership investment	`EquitySecuritiesFvNiGainLoss`	$90.22K	USD	3 Qtrs
Income from partnership investment	`EquitySecuritiesFvNiGainLoss`	$35.98K	USD	1 Quarter
Income from partnership investment	`EquitySecuritiesFvNiGainLoss`	-	USD	1 Quarter
Income from partnership investment	`EquitySecuritiesFvNiGainLoss`	-	USD	3 Qtrs
Gain (loss) on sale of investment securities	`GainLossOnSaleOfInvestments`	$212.45K	USD	3 Qtrs
Gain (loss) on sale of investment securities	`GainLossOnSaleOfInvestments`	$-21.86K	USD	1 Quarter
Gain (loss) on sale of investment securities	`GainLossOnSaleOfInvestments`	$415.30K	USD	3 Qtrs
Gain (loss) on sale of investment securities	`GainLossOnSaleOfInvestments`	$256.42K	USD	1 Quarter
Origination fees	`OriginationFees`	$393.10K	USD	1 Quarter
Origination fees	`OriginationFees`	$999.29K	USD	1 Quarter
Origination fees	`OriginationFees`	$2.35M	USD	3 Qtrs
Origination fees	`OriginationFees`	$1.55M	USD	3 Qtrs
Late and other fees	`RevenuesFromFeesAndCommissions`	$202.57K	USD	1 Quarter
Late and other fees	`RevenuesFromFeesAndCommissions`	$46.84K	USD	3 Qtrs
Late and other fees	`RevenuesFromFeesAndCommissions`	$300.47K	USD	3 Qtrs
Late and other fees	`RevenuesFromFeesAndCommissions`	$10.96K	USD	1 Quarter
Processing fees	`ProcessingFees`	$37.45K	USD	1 Quarter
Processing fees	`ProcessingFees`	$50.23K	USD	1 Quarter
Processing fees	`ProcessingFees`	$129.62K	USD	3 Qtrs
Processing fees	`ProcessingFees`	$123.57K	USD	3 Qtrs
Rental income (loss), net	`RentalIncomeLossNet`	$49.78K	USD	3 Qtrs
Rental income (loss), net	`RentalIncomeLossNet`	$9.59K	USD	1 Quarter
Rental income (loss), net	`RentalIncomeLossNet`	$28.32K	USD	1 Quarter
Rental income (loss), net	`RentalIncomeLossNet`	$23.11K	USD	3 Qtrs
Debt Forgiveness	`GainsLossesOnExtinguishmentOfDebt`	$257.85K	USD	3 Qtrs
Debt Forgiveness	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Debt Forgiveness	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Debt Forgiveness	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Other income	`OtherIncome`	$579.66K	USD	1 Quarter
Other income	`OtherIncome`	$904.07K	USD	3 Qtrs
Other income	`OtherIncome`	$336.79K	USD	1 Quarter
Other income	`OtherIncome`	$1.58M	USD	3 Qtrs
Total revenue	`Revenues`	$12.89M	USD	3 Qtrs
Total revenue	`Revenues`	$4.27M	USD	1 Quarter
Total revenue	`Revenues`	$8.52M	USD	1 Quarter
Total revenue	`Revenues`	$20.95M	USD	3 Qtrs
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$1.26M	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$3.56M	USD	3 Qtrs
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$2.59M	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$7.54M	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$400.87K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$666.43K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$183.50K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$158.21K	USD	1 Quarter
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$2.18M	USD	3 Qtrs
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$1.23M	USD	3 Qtrs
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$771.37K	USD	1 Quarter
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$500.17K	USD	1 Quarter
Exchange fees	`ExchangeFees`	$22.71K	USD	1 Quarter
Exchange fees	`ExchangeFees`	$37.40K	USD	3 Qtrs
Exchange fees	`ExchangeFees`	$12.60K	USD	1 Quarter
Exchange fees	`ExchangeFees`	$29.99K	USD	3 Qtrs
Other expenses and taxes	`TaxesAndLicenses`	$104.58K	USD	1 Quarter
Other expenses and taxes	`TaxesAndLicenses`	$61.48K	USD	3 Qtrs
Other expenses and taxes	`TaxesAndLicenses`	$149.90K	USD	3 Qtrs
Other expenses and taxes	`TaxesAndLicenses`	$26.25K	USD	1 Quarter
Depreciation	`Depreciation`	$15.35K	USD	1 Quarter
Depreciation	`Depreciation`	$46.32K	USD	3 Qtrs
Depreciation	`Depreciation`	$20.42K	USD	1 Quarter
Depreciation	`Depreciation`	$61.29K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$145.25K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$702.90K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$294.98K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$412.68K	USD	3 Qtrs
Loss on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$2.82K	USD	1 Quarter
Loss on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$94.45K	USD	1 Quarter
Loss on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$111.55K	USD	3 Qtrs
Loss on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$7.28K	USD	3 Qtrs
Impairment loss	`AssetImpairmentCharges`	$495.00K	USD	3 Qtrs
Impairment loss	`AssetImpairmentCharges`	$150.00K	USD	1 Quarter
Impairment loss	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment loss	`AssetImpairmentCharges`	$469.00K	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$11.92M	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$6.25M	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$2.13M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$4.22M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.03M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.64M	USD	3 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$913.79K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	-	USD	3 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$932.09K	USD	3 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	-	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.14M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.39M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.64M	USD	3 Qtrs
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$8.10M	USD	3 Qtrs
Unrealized (loss) gain on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$-612.00K	USD	3 Qtrs
Unrealized (loss) gain on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$-500.19K	USD	1 Quarter
Unrealized (loss) gain on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$-72.78K	USD	1 Quarter
Unrealized (loss) gain on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$13.28K	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.49M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.07M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.66M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.89M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.30	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.32	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.32	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.30	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.97M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	22.12M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.97M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	22.12M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.97M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.12M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.98M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.12M	shares	1 Quarter

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`	$170.38K	USD	Point-in-time
Net income	`ProfitLoss`	$9.03M	USD	3 Qtrs
Net income	`ProfitLoss`	$6.64M	USD	3 Qtrs
Amortization of deferred financing costs and bond discount	`AmortizationOfFinancingCosts`	$357.50K	USD	3 Qtrs
Amortization of deferred financing costs and bond discount	`AmortizationOfFinancingCosts`	$839.42K	USD	3 Qtrs
Write-off of deferred financing costs	`WriteOffOfDeferredFinancingCosts`	-	USD	3 Qtrs
Write-off of deferred financing costs	`WriteOffOfDeferredFinancingCosts`	$72.81K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$15.35K	USD	1 Quarter
Depreciation expense	`Depreciation`	$46.32K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$20.42K	USD	1 Quarter
Depreciation expense	`Depreciation`	$61.29K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$12.32K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$126.54K	USD	3 Qtrs
Impairment loss	`GoodwillImpairmentLoss`	$495.00K	USD	3 Qtrs
Impairment loss	`GoodwillImpairmentLoss`	$469.00K	USD	3 Qtrs
Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$-111.55K	USD	3 Qtrs
Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$-7.28K	USD	3 Qtrs
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLoss`	$415.30K	USD	3 Qtrs
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLoss`	$212.45K	USD	3 Qtrs
Debt Forgiveness	`GainsLossesOnExtinguishmentOfDebt`	$257.85K	USD	3 Qtrs
Debt Forgiveness	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Debt Forgiveness	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Debt Forgiveness	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$885.38K	USD	3 Qtrs
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$180.34K	USD	3 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-54.09K	USD	3 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$361.08K	USD	3 Qtrs
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$273.20K	USD	3 Qtrs
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$1.41M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$82.08K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$14.50K	USD	3 Qtrs
Deposits on property and equipment	`IncreaseDecreaseInSecurityDeposits`	-	USD	3 Qtrs
Deposits on property and equipment	`IncreaseDecreaseInSecurityDeposits`	$-100.53K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$77.26K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-3.34K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-179.99K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$272.57K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.78M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-91.02K	USD	3 Qtrs
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$565.71K	USD	3 Qtrs
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$8.20M	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$745.57K	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$8.34M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$7.39M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$17.37M	USD	3 Qtrs
Purchase of investment securities	`PaymentsToAcquireMarketableSecurities`	$37.22M	USD	3 Qtrs
Purchase of investment securities	`PaymentsToAcquireMarketableSecurities`	$160.90M	USD	3 Qtrs
Proceeds from the sale of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$141.71M	USD	3 Qtrs
Proceeds from the sale of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$25.91M	USD	3 Qtrs
Purchase of interest in investment partnership, net	`PaymentsToAcquireLimitedPartnershipInterests`	-	USD	3 Qtrs
Purchase of interest in investment partnership, net	`PaymentsToAcquireLimitedPartnershipInterests`	$1.80M	USD	3 Qtrs
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$1.82M	USD	3 Qtrs
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$1.84M	USD	3 Qtrs
Acquisitions of and improvements to real estate owned	`PaymentsToAcquireRealEstateHeldForInvestment`	$1.58M	USD	3 Qtrs
Acquisitions of and improvements to real estate owned	`PaymentsToAcquireRealEstateHeldForInvestment`	$333.44K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$817.78K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$118.36K	USD	3 Qtrs
Security deposits held	`PaymentsForProceedsFromOtherDeposits`	$11.42K	USD	3 Qtrs
Security deposits held	`PaymentsForProceedsFromOtherDeposits`	$-5.62K	USD	3 Qtrs
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$68.03M	USD	3 Qtrs
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$154.81M	USD	3 Qtrs
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortgageReceivable`	$37.86M	USD	3 Qtrs
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortgageReceivable`	$90.46M	USD	3 Qtrs
Costs in connection with investment activities	`CostsInConnectionWithInvestmentActivities`	$281.19K	USD	3 Qtrs
Costs in connection with investment activities	`CostsInConnectionWithInvestmentActivities`	-	USD	3 Qtrs
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-41.36M	USD	3 Qtrs
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-84.94M	USD	3 Qtrs
Net proceeds from line of credit	`ProceedsFromLinesOfCredit`	$2.00M	USD	3 Qtrs
Net proceeds from line of credit	`ProceedsFromLinesOfCredit`	$12.08M	USD	3 Qtrs
Repayment of mortgage payable	`RepaymentsOfLinesOfCredit`	$12.30K	USD	3 Qtrs
Repayment of mortgage payable	`RepaymentsOfLinesOfCredit`	$767.51K	USD	3 Qtrs
Principal payments on notes payable	`RepaymentsOfNotesPayable`	$15.30K	USD	3 Qtrs
Principal payments on notes payable	`RepaymentsOfNotesPayable`	$17.18K	USD	3 Qtrs
Dividends paid on Common Stock	`PaymentsOfDividendsCommonStock`	$8.78M	USD	3 Qtrs
Dividends paid on Common Stock	`PaymentsOfDividendsCommonStock`	$5.31M	USD	3 Qtrs
Dividends paid on Preferred Stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	-	USD	3 Qtrs
Dividends paid on Preferred Stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$932.09K	USD	3 Qtrs
Financing costs incurred	`PaymentsOfFinancingCosts`	$108.35K	USD	3 Qtrs
Financing costs incurred	`PaymentsOfFinancingCosts`	$450.65K	USD	3 Qtrs
Proceeds from other loans	`ProceedsFromOtherDebt`	-	USD	3 Qtrs
Proceeds from other loans	`ProceedsFromOtherDebt`	$257.85K	USD	3 Qtrs
Proceeds from issuance of common shares, net of expenses	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from issuance of common shares, net of expenses	`ProceedsFromIssuanceOfCommonStock`	$30.88M	USD	3 Qtrs
Proceeds from issuance of Series A Preferred Stock, net of expenses	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$45.46M	USD	3 Qtrs
Proceeds from issuance of Series A Preferred Stock, net of expenses	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	3 Qtrs
Gross proceeds from issuance of fixed rate notes	`ProceedsFromIssuanceOfFixedRateNotes`	-	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`	$743.91K	USD	3 Qtrs
Financing costs incurred in connection with fixed rate notes	`FinancingCostsIncurredInConnectionWithFixedRateNotes`	-	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$67.40M	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$20.51M	USD	3 Qtrs
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-165.71K	USD	3 Qtrs
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-13.46M	USD	3 Qtrs
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`	$19.24M	USD	Point-in-time
CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.38M	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`	$19.24M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.38M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$2.09M	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$6.75M	USD	3 Qtrs

Stockholders Equity 37 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`MembersEquity`	$84.45M	USD	Point-in-time
Beginning balance	`MembersEquity`	$80.92M	USD	Point-in-time
Beginning balance	`MembersEquity`	$146.29M	USD	Point-in-time
Beginning balance	`MembersEquity`	$158.76M	USD	Point-in-time
Beginning balance	`MembersEquity`	$82.56M	USD	Point-in-time
Beginning balance	`MembersEquity`	$83.86M	USD	Point-in-time
Issuance of Preferred Stock, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$4.85M	USD	1 Quarter
Issuance of Preferred Stock, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$45.46M	USD	3 Qtrs
Issuance of Common Stock, net of expenses	`StockIssuedDuringPeriodValueOther`	$30.88M	USD	3 Qtrs
Issuance of Common Stock, net of expenses	`StockIssuedDuringPeriodValueOther`	$-58.35K	USD	3 Qtrs
Issuance of Common Stock, net of expenses	`StockIssuedDuringPeriodValueOther`	$8.01M	USD	1 Quarter
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$64.22K	USD	1 Quarter
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$4.11K	USD	1 Quarter
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$126.63K	USD	3 Qtrs
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$12.32K	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
Unrealized gain on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-612.00K	USD	3 Qtrs
Unrealized gain on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-500.19K	USD	1 Quarter
Dividends paid on Common stock	`DividendsCommonStock`	$2.65M	USD	1 Quarter
Dividends paid on Common stock	`DividendsCommonStock`	$5.31M	USD	3 Qtrs
Dividends paid on Common stock	`DividendsCommonStock`	$3.34M	USD	1 Quarter
Dividends paid on Common stock	`DividendsCommonStock`	$6.12M	USD	3 Qtrs
Dividends paid on Preferred Stock	`DividendsPreferredStock`	$913.79K	USD	1 Quarter
Dividends paid on Preferred Stock	`DividendsPreferredStock`	-	USD	3 Qtrs
Dividends paid on Preferred Stock	`DividendsPreferredStock`	$932.09K	USD	3 Qtrs
Dividends paid on Preferred Stock	`DividendsPreferredStock`	-	USD	1 Quarter
Net income	`ProfitLosses`	$9.03M	USD	3 Qtrs
Net income	`ProfitLosses`	$4.30M	USD	1 Quarter
Net income	`ProfitLosses`	$6.64M	USD	3 Qtrs
Net income	`ProfitLosses`	$2.14M	USD	1 Quarter
Balance	`MembersEquity`	$84.45M	USD	Point-in-time
Balance	`MembersEquity`	$80.92M	USD	Point-in-time
Balance	`MembersEquity`	$146.29M	USD	Point-in-time
Balance	`MembersEquity`	$158.76M	USD	Point-in-time
Balance	`MembersEquity`	$82.56M	USD	Point-in-time
Balance	`MembersEquity`	$83.86M	USD	Point-in-time

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