10-K Filing

Sachem Capital Corp. CIK: 1682220 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001144204-19-017051`
Period End Date	20181231
Filing Date	20190329
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	sach-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 48 Cash Flow Statement 102 Stockholders Equity 13

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
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
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$99.31K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$954.22K	USD	Point-in-time
Cash - restricted	`RestrictedCash`	$59.55K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash - restricted	`RestrictedCash`	-	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Escrow deposits	`EscrowDeposit`	$111.19K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Escrow deposits	`EscrowDeposit`	$12.82K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Mortgages receivable	`MortgageLoansOnRealEstate`	$62.17M	USD	Point-in-time
Mortgages receivable	`MortgageLoansOnRealEstate`	$78.01M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Mortgages receivable, affiliate	`MortgagesReceivableFromAffiliate`	$1.10M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	15.44M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	15.42M	shares	Point-in-time
Mortgages receivable, affiliate	`MortgagesReceivableFromAffiliate`	$879.46K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	15.42M	shares	Point-in-time
Interest and fees receivable	`InterestReceivable`	$645.49K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	15.44M	shares	Point-in-time
Interest and fees receivable	`InterestReceivable`	$1.40M	USD	Point-in-time
Other receivables	`OtherReceivables`	$155.00K	USD	Point-in-time
Other receivables	`OtherReceivables`	$234.57K	USD	Point-in-time
Due from borrowers	`DueFromAffiliates`	$451.80K	USD	Point-in-time
Due from borrowers	`DueFromAffiliates`	$695.22K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$4.52K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$14.87K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$501.82K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.18M	USD	Point-in-time
Deposits on property and equipment	`DepositsOnPropertyPlantAndEquipment`	$12.00K	USD	Point-in-time
Deposits on property and equipment	`DepositsOnPropertyPlantAndEquipment`	-	USD	Point-in-time
Real estate owned	`RealEstateInvestments`	$1.22M	USD	Point-in-time
Real estate owned	`RealEstateInvestments`	$2.94M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$95.56K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$553.60K	USD	Point-in-time
Total assets	`Assets`	$67.49M	USD	Point-in-time
Total assets	`Assets`	$86.01M	USD	Point-in-time
Line of credit	`LineOfCredit`	$9.84M	USD	Point-in-time
Line of credit	`LineOfCredit`	$27.22M	USD	Point-in-time
Line of credit	`LineOfCredit`	$18.51M	USD	Point-in-time
Mortgage payable	`NotesPayable`	$301.10K	USD	Point-in-time
Mortgage payable	`NotesPayable`	$290.98K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$316.41K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$390.76K	USD	Point-in-time
Security deposits held	`SecurityDepositLiability`	$2.55K	USD	Point-in-time
Security deposits held	`SecurityDepositLiability`	$7.80K	USD	Point-in-time
Advances from borrowers	`AdvancePaymentsByBorrowersForTaxesAndInsurance`	$317.32K	USD	Point-in-time
Advances from borrowers	`AdvancePaymentsByBorrowersForTaxesAndInsurance`	$519.76K	USD	Point-in-time
Due to shareholder	`DueToRelatedPartiesCurrentAndNoncurrent`	-	USD	Point-in-time
Due to shareholder	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.20M	USD	Point-in-time
Due to note purchaser	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$723.48K	USD	Point-in-time
Due to note purchaser	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	-	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$1.06M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$1.11M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$2.62M	USD	Point-in-time
Accrued interest	`InterestPayableCurrentAndNoncurrent`	$176.62K	USD	Point-in-time
Accrued interest	`InterestPayableCurrentAndNoncurrent`	$40.59K	USD	Point-in-time
Total liabilities	`Liabilities`	$33.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$12.93M	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 - $.01 par value; 50,000,000 shares authorized; 15,438,621 and 15,415,737 issued and outstanding	`CommonStockValue`	$15.44K	USD	Point-in-time
Common stock - $.01 par value; 50,000,000 shares authorized; 15,438,621 and 15,415,737 issued and outstanding	`CommonStockValue`	$15.42K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$53.19M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$53.32M	USD	Point-in-time
(Accumulated deficit) retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.24M	USD	Point-in-time
(Accumulated deficit) retained earnings	`RetainedEarningsAccumulatedDeficit`	$-405.48K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$54.57M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$52.80M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$67.49M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$86.01M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$8.96M	USD	Annual
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$5.43M	USD	Annual
Origination fees, net	`OriginationFees`	$802.26K	USD	Annual
Origination fees, net	`OriginationFees`	$1.41M	USD	Annual
Late and other fees	`RevenuesFromFeesAndCommissions`	$189.08K	USD	Annual
Late and other fees	`RevenuesFromFeesAndCommissions`	$136.83K	USD	Annual
Processing fees	`ProcessingFees`	$124.24K	USD	Annual
Processing fees	`ProcessingFees`	$138.32K	USD	Annual
Rental income, net	`RentalIncomeNonoperating`	$101.79K	USD	Annual
Rental income, net	`RentalIncomeNonoperating`	$88.36K	USD	Annual
Other income	`OtherIncome`	$837.34K	USD	Annual
Other income	`OtherIncome`	$410.49K	USD	Annual
Net gain on sale of real estate	`GainOnSaleOfRealEstateInvestement`	$179.00	USD	Annual
Net gain on sale of real estate	`GainOnSaleOfRealEstateInvestement`	$74.86K	USD	Annual
Total revenue	`Revenues`	$11.71M	USD	Annual
Total revenue	`Revenues`	$7.00M	USD	Annual
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$1.67M	USD	Annual
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$664.13K	USD	Annual
Compensation to manager	`SalariesAndWages`	-	USD	Annual
Compensation to manager	`SalariesAndWages`	$35.85K	USD	Annual
Professional fees	`ProfessionalFees`	$299.94K	USD	Annual
Professional fees	`ProfessionalFees`	$417.31K	USD	Annual
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$1.25M	USD	Annual
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$698.23K	USD	Annual
Exchange fees	`ExchangeFees`	$33.53K	USD	Annual
Exchange fees	`ExchangeFees`	$32.08K	USD	Annual
Other expenses and taxes	`TaxesAndLicenses`	$20.71K	USD	Annual
Other expenses and taxes	`TaxesAndLicenses`	$155.34K	USD	Annual
Excise tax	`ExciseAndSalesTaxes`	-	USD	Annual
Excise tax	`ExciseAndSalesTaxes`	$19.00K	USD	Annual
Depreciation	`Depreciation`	$32.53K	USD	Annual
Depreciation	`Depreciation`	$28.36K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$222.10K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$437.01K	USD	Annual
Impairment loss	`AssetImpairmentCharges`	$67.49K	USD	Annual
Impairment loss	`AssetImpairmentCharges`	-	USD	Annual
Total operating costs and expenses	`CostsAndExpenses`	$3.94M	USD	Annual
Total operating costs and expenses	`CostsAndExpenses`	$2.14M	USD	Annual
Net income	`NetIncomeLoss`	$4.86M	USD	Annual
Net income	`NetIncomeLoss`	$7.77M	USD	Annual
Basic	`EarningsPerShareBasic`	$0.38	USD	Annual
Basic	`EarningsPerShareBasic`	$0.50	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.50	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.38	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	11.96M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15.43M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	0.00	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.43M	shares	Annual

Cash Flow Statement 102 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$4.86M	USD	Annual
Net income	`NetIncomeLoss`	$7.77M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$137.24K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$59.12K	USD	Annual
Depreciation expense	`Depreciation`	$32.53K	USD	Annual
Depreciation expense	`Depreciation`	$28.36K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$37.59K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	-	USD	Annual
Impairment loss	`GoodwillImpairmentLoss`	-	USD	Annual
Impairment loss	`GoodwillImpairmentLoss`	$67.49K	USD	Annual
Gain on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$179.00	USD	Annual
Noncash or Part Noncash Acquisition, Noncash Financial or Equity Instrument Consideration, Shares Issued	`NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1`	6.28M	shares	Point-in-time
Gain on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$74.86K	USD	Annual
Noncash or Part Noncash Acquisition, Noncash Financial or Equity Instrument Consideration, Shares Issued	`NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1`	155,000.00	shares	Annual
Notes Issued	`NotesIssued1`	$169.34K	USD	Annual
Receivable with Imputed Interest, Discount	`ReceivableWithImputedInterestDiscount`	$1.20M	USD	Point-in-time
Receivable with Imputed Interest, Discount	`ReceivableWithImputedInterestDiscount`	$21.43K	USD	Point-in-time
Escrow deposits	`IncreaseDecreaseInEscrowDeposit`	$111.19K	USD	Annual
Payments To Acquire Real Estate1	`PaymentsToAcquireRealEstate1`	$3.17M	USD	Annual
Escrow deposits	`IncreaseDecreaseInEscrowDeposit`	$-98.37K	USD	Annual
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$166.56K	USD	Annual
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$994.90K	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-234.57K	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$51.73K	USD	Annual
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$243.42K	USD	Annual
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	-	USD	Annual
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$10.35K	USD	Annual
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$4.52K	USD	Annual
Deposits	`IncreaseDecreaseInSecurityDeposits`	$-12.00K	USD	Annual
Deposits	`IncreaseDecreaseInSecurityDeposits`	-	USD	Annual
Due to note purchaser	`IncreaseDecreaseInNotesPayableCurrent`	-	USD	Annual
Due to note purchaser	`IncreaseDecreaseInNotesPayableCurrent`	$-723.48K	USD	Annual
Due to member	`IncreaseDecreaseInDueToRelatedParties`	$-656.30K	USD	Annual
Due to member	`IncreaseDecreaseInDueToRelatedParties`	-	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$136.03K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$16.24K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$194.67K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-74.34K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-49.99K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$817.94K	USD	Annual
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$-116.21K	USD	Annual
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$-142.00K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.56M	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-16.14K	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$6.22M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$4.84M	USD	Annual
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstate`	$1.85M	USD	Annual
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstate`	$530.18K	USD	Annual
Acquisitions of and improvements to real estate owned	`PaymentsToAcquireRealEstate`	$541.52K	USD	Annual
Acquisitions of and improvements to real estate owned	`PaymentsToAcquireRealEstate`	$531.96K	USD	Annual
Purchase of land and building	`PaymentsToAcquireLand`	$39.92K	USD	Annual
Purchase of land and building	`PaymentsToAcquireLand`	$699.23K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.59K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$92.81K	USD	Annual
Security deposits	`PaymentsForProceedsFromInvestments`	$-5.25K	USD	Annual
Security deposits	`PaymentsForProceedsFromInvestments`	$-1.75K	USD	Annual
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$42.08M	USD	Annual
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$53.47M	USD	Annual
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortagageReceivable`	$24.64M	USD	Annual
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortagageReceivable`	$23.95M	USD	Annual
Repurchase of notes sold	`PaymentsToAcquireMortgageNotesReceivable`	$2.00M	USD	Annual
Repurchase of notes sold	`PaymentsToAcquireMortgageNotesReceivable`	-	USD	Annual
Proceeds from notes sold	`ProceedsFromSaleOfNotesReceivable`	$2.72M	USD	Annual
Proceeds from notes sold	`ProceedsFromSaleOfNotesReceivable`	-	USD	Annual
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-28.93M	USD	Annual
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-16.84M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$77.56M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$44.18M	USD	Annual
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$60.19M	USD	Annual
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$42.45M	USD	Annual
Principal payments on mortgage payable	`PaymentsForProceedsFromMortgageDeposits`	$8.90K	USD	Annual
Principal payments on mortgage payable	`PaymentsForProceedsFromMortgageDeposits`	$10.12K	USD	Annual
Dividends	`PaymentsOfOrdinaryDividends`	$3.34M	USD	Annual
Dividends	`PaymentsOfOrdinaryDividends`	$6.79M	USD	Annual
Proceeds from IPO	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	Annual
Proceeds from IPO	`ProceedsFromIssuanceInitialPublicOffering`	$30.25M	USD	Annual
Pre-offering costs incurred	`PreofferingCostsIncurred`	$3.26M	USD	Annual
Pre-offering costs incurred	`PreofferingCostsIncurred`	-	USD	Annual
Costs in connection with ATM	`PaymentOfStockIssuanceCostsInConnectionWithATM`	-	USD	Annual
Costs in connection with ATM	`PaymentOfStockIssuanceCostsInConnectionWithATM`	$160.48K	USD	Annual
Financing costs incurred	`PaymentOfFinancingAndStockIssuanceCosts`	$87.20K	USD	Annual
Financing costs incurred	`PaymentOfFinancingAndStockIssuanceCosts`	$595.28K	USD	Annual
Member contributions	`ProceedsFromPartnershipContribution`	-	USD	Annual
Member contributions	`ProceedsFromPartnershipContribution`	$653.65K	USD	Annual
Member distributions	`PaymentsOfPartnershipDistributions`	$2.46M	USD	Annual
Member distributions	`PaymentsOfPartnershipDistributions`	-	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$23.48M	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$9.82M	USD	Annual
NET DECREASE IN CASH AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-795.36K	USD	Annual
NET DECREASE IN CASH AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-607.64K	USD	Annual
CASH AND RESTRICTED CASH- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$954.22K	USD	Point-in-time
CASH AND RESTRICTED CASH- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.86K	USD	Point-in-time
CASH AND RESTRICTED CASH- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.56M	USD	Point-in-time
CASH AND RESTRICTED CASH - END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$954.22K	USD	Point-in-time
CASH AND RESTRICTED CASH - END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.86K	USD	Point-in-time
CASH AND RESTRICTED CASH - END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.56M	USD	Point-in-time
Taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Taxes paid	`IncomeTaxesPaid`	$53.19K	USD	Annual
Interest paid	`InterestPaidNet`	$587.44K	USD	Annual
Interest paid	`InterestPaidNet`	$1.37M	USD	Annual
Dividends declared and payable	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Dividends declared and payable	`DividendsPayableCurrentAndNoncurrent`	$2.62M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`MembersEquity`	-	USD	Point-in-time
Beginning balance	`MembersEquity`	-	USD	Point-in-time
Beginning balance	`MembersEquity`	$28.49M	USD	Point-in-time
Member contributions	`PartnersCapitalAccountContributions`	$653.65K	USD	Annual
Member distributions	`PartnersCapitalAccountDistributions`	$2.46M	USD	Annual
Conversion of members' equity into common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$-26.97M	USD	Annual
Initial public offering	`StockIssuedDuringPeriodValueNewIssues`	$17.25M	USD	Point-in-time
Initial public offering (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	562,500.00	shares	Point-in-time
Net income	`NetIncomeLoss`	$4.86M	USD	Annual
Net income	`NetIncomeLoss`	$7.77M	USD	Annual
Balance	`MembersEquity`	-	USD	Point-in-time
Balance	`MembersEquity`	-	USD	Point-in-time
Balance	`MembersEquity`	$28.49M	USD	Point-in-time

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