10-Q Filing

Sachem Capital Corp. CIK: 1682220 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001144204-19-040041`
Period End Date	20190630
Filing Date	20190814
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	sach-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 96 Cash Flow Statement 108 Stockholders Equity 24

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Unsecured unsubordinated fixed rate notes (net of deferred financing costs of $1,270,000)	`UnsecuredDebt`	$1.27M	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$99.31K	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$3.10M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash - restricted	`RestrictedCash`	-	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash - restricted	`RestrictedCash`	$59.55K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Escrow deposits	`EscrowDeposit`	$12.82K	USD	Point-in-time
Escrow deposits	`EscrowDeposit`	-	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Mortgages receivable	`MortgageLoansOnRealEstate`	$82.59M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Mortgages receivable	`MortgageLoansOnRealEstate`	$78.01M	USD	Point-in-time
Mortgages receivable, affiliate	`MortgagesReceivableFromAffiliate`	$869.63K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Mortgages receivable, affiliate	`MortgagesReceivableFromAffiliate`	$879.46K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	15.44M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	18.91M	shares	Point-in-time
Interest and fees receivable	`InterestReceivable`	$1.40M	USD	Point-in-time
Interest and fees receivable	`InterestReceivable`	$1.49M	USD	Point-in-time
Other receivables	`OtherReceivables`	$155.00K	USD	Point-in-time
Other receivables	`OtherReceivables`	$130.00K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	18.91M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	15.44M	shares	Point-in-time
Due from borrowers	`DueFromAffiliates`	$695.22K	USD	Point-in-time
Due from borrowers	`DueFromAffiliates`	$1.21M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$14.87K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$62.88K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.18M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.32M	USD	Point-in-time
Deposits on property and equipment	`DepositsOnPropertyPlantAndEquipment`	$189.48K	USD	Point-in-time
Deposits on property and equipment	`DepositsOnPropertyPlantAndEquipment`	$12.00K	USD	Point-in-time
Real estate owned	`RealEstateInvestments`	$4.94M	USD	Point-in-time
Real estate owned	`RealEstateInvestments`	$2.94M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$553.60K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$31.94K	USD	Point-in-time
Total assets	`Assets`	$95.93M	USD	Point-in-time
Total assets	`Assets`	$86.01M	USD	Point-in-time
Unsecured unsubordinated fixed rate notes (net of deferred financing costs of $1,270,000)	`BankOverdrafts`	$21.73M	USD	Point-in-time
Unsecured unsubordinated fixed rate notes (net of deferred financing costs of $1,270,000)	`BankOverdrafts`	-	USD	Point-in-time
Line of credit	`LineOfCredit`	$27.22M	USD	Point-in-time
Line of credit	`LineOfCredit`	-	USD	Point-in-time
Mortgage payable	`MortgagePayable`	$792.05K	USD	Point-in-time
Mortgage payable	`MortgagePayable`	$290.98K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$316.41K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$310.71K	USD	Point-in-time
Security deposits held	`SecurityDepositLiability`	$7.80K	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`	$262.76K	USD	Point-in-time
Due to shareholder	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.20M	USD	Point-in-time
Due to shareholder	`DueToRelatedPartiesCurrentAndNoncurrent`	$2.22M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$1.06M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$1.11M	USD	Point-in-time
Notes payable	`NotesPayable`	$12.20K	USD	Point-in-time
Notes payable	`NotesPayable`	-	USD	Point-in-time
Capital leases payable	`CapitalLeaseObligations`	$72.62K	USD	Point-in-time
Capital leases payable	`CapitalLeaseObligations`	-	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`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$33.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$26.51M	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; 50,000,000 shares authorized; 18,905,586 and 15,438,621 issued and outstanding	`CommonStockValue`	$15.44K	USD	Point-in-time
Common stock - $.001 par value; 50,000,000 shares authorized; 18,905,586 and 15,438,621 issued and outstanding	`CommonStockValue`	$18.91K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$68.66M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$53.19M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$739.14K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-405.48K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$52.80M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$69.42M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$95.93M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$86.01M	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$2.32M	USD	1 Quarter
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$4.34M	USD	2 Qtrs
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$5.07M	USD	2 Qtrs
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$2.38M	USD	1 Quarter
Origination fees, net	`OriginationFees`	$705.54K	USD	2 Qtrs
Origination fees, net	`OriginationFees`	$340.82K	USD	1 Quarter
Origination fees, net	`OriginationFees`	$340.05K	USD	1 Quarter
Origination fees, net	`OriginationFees`	$688.60K	USD	2 Qtrs
Late and other fees	`RevenuesFromFeesAndCommissions`	$49.99K	USD	1 Quarter
Late and other fees	`RevenuesFromFeesAndCommissions`	$84.08K	USD	2 Qtrs
Late and other fees	`RevenuesFromFeesAndCommissions`	$187.03K	USD	2 Qtrs
Late and other fees	`RevenuesFromFeesAndCommissions`	$140.54K	USD	1 Quarter
Processing fees	`ProcessingFees`	$70.80K	USD	2 Qtrs
Processing fees	`ProcessingFees`	$37.67K	USD	1 Quarter
Processing fees	`ProcessingFees`	$41.80K	USD	1 Quarter
Processing fees	`ProcessingFees`	$76.60K	USD	2 Qtrs
Rental income, net	`RentalIncomeNonoperating`	$77.73K	USD	2 Qtrs
Rental income, net	`RentalIncomeNonoperating`	$72.90K	USD	2 Qtrs
Rental income, net	`RentalIncomeNonoperating`	$47.26K	USD	1 Quarter
Rental income, net	`RentalIncomeNonoperating`	$33.98K	USD	1 Quarter
Other income	`OtherIncome`	$204.78K	USD	1 Quarter
Other income	`OtherIncome`	$296.53K	USD	2 Qtrs
Other income	`OtherIncome`	$179.39K	USD	1 Quarter
Other income	`OtherIncome`	$499.53K	USD	2 Qtrs
Net gain on sale of real estate	`GainOnSaleOfRealEstateInvestment`	$7.15K	USD	2 Qtrs
Net gain on sale of real estate	`GainOnSaleOfRealEstateInvestment`	-	USD	2 Qtrs
Net gain on sale of real estate	`GainOnSaleOfRealEstateInvestment`	-	USD	1 Quarter
Total revenue	`Revenues`	$3.07M	USD	1 Quarter
Total revenue	`Revenues`	$6.41M	USD	2 Qtrs
Total revenue	`Revenues`	$3.04M	USD	1 Quarter
Total revenue	`Revenues`	$5.76M	USD	2 Qtrs
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$381.96K	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$452.41K	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$1.07M	USD	2 Qtrs
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$604.92K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$8.21K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$4.11K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$42.14K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$154.22K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$158.46K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$70.22K	USD	1 Quarter
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$545.30K	USD	2 Qtrs
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$299.73K	USD	1 Quarter
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$849.42K	USD	2 Qtrs
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$465.19K	USD	1 Quarter
Exchange fees	`ExchangeFees`	$21.51K	USD	2 Qtrs
Exchange fees	`ExchangeFees`	$16.67K	USD	2 Qtrs
Exchange fees	`ExchangeFees`	$11.22K	USD	1 Quarter
Exchange fees	`ExchangeFees`	-	USD	1 Quarter
Other expenses and taxes	`TaxesAndLicenses`	$17.14K	USD	1 Quarter
Other expenses and taxes	`TaxesAndLicenses`	$31.33K	USD	2 Qtrs
Other expenses and taxes	`TaxesAndLicenses`	$55.60K	USD	2 Qtrs
Other expenses and taxes	`TaxesAndLicenses`	$21.12K	USD	1 Quarter
Expense in connection with termination of LOC	`GainsLossesOnExtinguishmentOfDebt`	$-779.64K	USD	1 Quarter
Expense in connection with termination of LOC	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Expense in connection with termination of LOC	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Expense in connection with termination of LOC	`GainsLossesOnExtinguishmentOfDebt`	$779.64K	USD	Point-in-time
Expense in connection with termination of LOC	`GainsLossesOnExtinguishmentOfDebt`	$-779.64K	USD	2 Qtrs
Excise tax	`ExciseAndSalesTaxes`	-	USD	1 Quarter
Excise tax	`ExciseAndSalesTaxes`	-	USD	2 Qtrs
Excise tax	`ExciseAndSalesTaxes`	-	USD	1 Quarter
Excise tax	`ExciseAndSalesTaxes`	$19.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$18.16K	USD	1 Quarter
Depreciation	`Depreciation`	$25.67K	USD	2 Qtrs
Depreciation	`Depreciation`	$5.83K	USD	1 Quarter
Depreciation	`Depreciation`	$13.47K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$103.91K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$81.30K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$162.66K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$269.36K	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$3.21M	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$1.92M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$832.08K	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$1.58M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.18M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.20M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.19	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.06	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.27	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.27	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.19	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15.42M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17.14M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15.42M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	18.50M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.50M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.42M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.14M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.42M	shares	1 Quarter

Cash Flow Statement 108 line items

Line Item	Tag	Value	Unit	Period
Notes Issued	`NotesIssued1`	$21.43K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.21M	USD	1 Quarter
Payments To Acquire Real Estate1	`PaymentsToAcquireRealEstate1`	$1.96M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.18M	USD	2 Qtrs
Payments To Acquire Real Estate1	`PaymentsToAcquireRealEstate1`	$1.44M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.20M	USD	2 Qtrs
Reversal Of Previously Accrued Capitalized Costs	`ReversalOfPreviouslyAccruedCapitalizedCosts`	$6.21K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$94.32K	USD	2 Qtrs
Capital Expenditures Incurred but Not yet Paid	`CapitalExpendituresIncurredButNotYetPaid`	$13.01K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$43.61K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$18.16K	USD	1 Quarter
Depreciation expense	`Depreciation`	$25.67K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$5.83K	USD	1 Quarter
Depreciation expense	`Depreciation`	$13.47K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$8.21K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$4.11K	USD	1 Quarter
Gain on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	-	USD	2 Qtrs
Gain on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$7.15K	USD	2 Qtrs
Abandonment of office Furniture	`AbandonmentOfOfficeFurniture`	$12.00K	USD	2 Qtrs
Abandonment of office Furniture	`AbandonmentOfOfficeFurniture`	-	USD	2 Qtrs
Costs in connection with termination of line of credit	`WriteOffOfDeferredDebtIssuanceCost`	-	USD	2 Qtrs
Costs in connection with termination of line of credit	`WriteOffOfDeferredDebtIssuanceCost`	$439.45K	USD	Point-in-time
Costs in connection with termination of line of credit	`WriteOffOfDeferredDebtIssuanceCost`	$439.45K	USD	2 Qtrs
Escrow deposits	`IncreaseDecreaseInEscrowDeposit`	$-12.82K	USD	2 Qtrs
Escrow deposits	`IncreaseDecreaseInEscrowDeposit`	$-111.19K	USD	2 Qtrs
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$449.81K	USD	2 Qtrs
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$570.40K	USD	2 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-25.00K	USD	2 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-180.83K	USD	2 Qtrs
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$105.35K	USD	2 Qtrs
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$-780.32K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$48.01K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$42.34K	USD	2 Qtrs
Deposits on property	`IncreaseDecreaseInSecurityDeposits`	$-18.00K	USD	2 Qtrs
Deposits on property	`IncreaseDecreaseInSecurityDeposits`	$-177.48K	USD	2 Qtrs
Due to note purchaser	`IncreaseDecreaseInNotesPayableCurrent`	$-723.48K	USD	2 Qtrs
Due to note purchaser	`IncreaseDecreaseInNotesPayableCurrent`	$-176.62K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$84.66K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-5.71K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-280.94K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$50.09K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$107.07K	USD	2 Qtrs
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$-54.56K	USD	2 Qtrs
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$-50.17K	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$528.54K	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.25M	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$3.73M	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$2.93M	USD	2 Qtrs
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstateHeldforinvestment`	-	USD	2 Qtrs
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$264.81K	USD	2 Qtrs
Acquisitions of and improvements to real estate owned	`PaymentsToAcquireRealEstateHeldForInvestment`	$342.60K	USD	2 Qtrs
Acquisitions of and improvements to real estate owned	`PaymentsToAcquireRealEstateHeldForInvestment`	$61.17K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$165.26K	USD	2 Qtrs
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$30.26M	USD	2 Qtrs
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$28.52M	USD	2 Qtrs
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortgageReceivable`	$21.10M	USD	2 Qtrs
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortgageReceivable`	$12.95M	USD	1 Quarter
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortgageReceivable`	$18.98M	USD	2 Qtrs
Proceeds from sale of mortgage receivable	`ProceedsFromSaleAndCollectionOfMortgageNotesReceivable`	-	USD	2 Qtrs
Proceeds from sale of mortgage receivable	`ProceedsFromSaleAndCollectionOfMortgageNotesReceivable`	$1.20M	USD	2 Qtrs
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-10.14M	USD	2 Qtrs
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-7.66M	USD	2 Qtrs
Proceeds from notes sold to shareholder	`ProceedsFromNotesSoldToShareholder`	-	USD	2 Qtrs
Proceeds from notes sold to shareholder	`ProceedsFromNotesSoldToShareholder`	$1.02M	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$45.73M	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$42.72M	USD	2 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$69.94M	USD	2 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$19.80M	USD	Point-in-time
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$33.42M	USD	2 Qtrs
Principal payments on mortgage payable	`PaymentsForProceedsFromMortgageDeposits`	$5.02K	USD	2 Qtrs
Principal payments on mortgage payable	`PaymentsForProceedsFromMortgageDeposits`	$2.95K	USD	2 Qtrs
Dividends paid	`PaymentsOfOrdinaryDividends`	$3.24M	USD	2 Qtrs
Dividends paid	`PaymentsOfOrdinaryDividends`	$4.68M	USD	2 Qtrs
Financing costs incurred	`PaymentsOfStockIssuanceCosts`	$584.97K	USD	2 Qtrs
Financing costs incurred	`PaymentsOfStockIssuanceCosts`	$12.11K	USD	2 Qtrs
Proceeds from mortgage payable	`ProceedsFromMortgagePayable`	$795.00K	USD	2 Qtrs
Proceeds from mortgage payable	`ProceedsFromMortgagePayable`	-	USD	2 Qtrs
Mortgage on office building paid	`RepaymentsOfMortgageOnOfficeBuilding`	$290.98K	USD	2 Qtrs
Mortgage on office building paid	`RepaymentsOfMortgageOnOfficeBuilding`	-	USD	2 Qtrs
Proceeds from notes payable, net	`ProceedsFromNotesPayable`	$71.82K	USD	2 Qtrs
Proceeds from notes payable, net	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Issuance of common stock-ATM, net	`ProceedsFromIssuanceOfCommonStock`	$15.46M	USD	2 Qtrs
Issuance of common stock-ATM, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Gross proceeds from issuance of fixed rate notes	`ProceedsFromIssuanceOfFixedRateNotes`	$23.00M	USD	2 Qtrs
Gross proceeds from issuance of fixed rate notes	`ProceedsFromIssuanceOfFixedRateNotes`	-	USD	2 Qtrs
Financing costs incurred in connection with fixed rate notes	`PaymentsOfDebtIssuanceCosts`	$1.27M	USD	2 Qtrs
Financing costs incurred in connection with fixed rate notes	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$6.87M	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$8.48M	USD	2 Qtrs
NET INCREASE IN CASH AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.27M	USD	2 Qtrs
NET INCREASE IN CASH AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.94M	USD	2 Qtrs
CASH AND RESTRICTED CASH- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$954.22K	USD	Point-in-time
CASH AND RESTRICTED CASH- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.22M	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`	$3.10M	USD	Point-in-time
CASH AND RESTRICTED CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$954.22K	USD	Point-in-time
CASH AND RESTRICTED CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.22M	USD	Point-in-time
CASH AND RESTRICTED CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.86K	USD	Point-in-time
CASH AND RESTRICTED CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.10M	USD	Point-in-time
Taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$979.13K	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$561.31K	USD	2 Qtrs

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`MembersEquity`	$52.80M	USD	Point-in-time
Beginning balance	`MembersEquity`	$54.57M	USD	Point-in-time
Beginning balance	`MembersEquity`	$54.92M	USD	Point-in-time
Beginning balance	`MembersEquity`	$57.09M	USD	Point-in-time
Beginning balance	`MembersEquity`	$69.42M	USD	Point-in-time
Beginning balance	`MembersEquity`	$55.51M	USD	Point-in-time
Sales of stock through ATM	`StockIssuedDuringPeriodValueNewIssues`	$13.23M	USD	1 Quarter
Sales of stock through ATM	`StockIssuedDuringPeriodValueNewIssues`	$15.46M	USD	2 Qtrs
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$4.11K	USD	1 Quarter
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$8.21K	USD	2 Qtrs
Dividends	`DividendsCommonStock`	$2.05M	USD	1 Quarter
Dividends	`DividendsCommonStock`	$1.62M	USD	1 Quarter
Dividends	`DividendsCommonStock`	$3.24M	USD	2 Qtrs
Dividends	`DividendsCommonStock`	$2.05M	USD	2 Qtrs
Net income	`ProfitLoss`	$4.18M	USD	2 Qtrs
Net income	`ProfitLoss`	$1.14M	USD	1 Quarter
Net income	`ProfitLoss`	$2.21M	USD	1 Quarter
Net income	`ProfitLoss`	$3.20M	USD	2 Qtrs
Balance	`MembersEquity`	$52.80M	USD	Point-in-time
Balance	`MembersEquity`	$54.57M	USD	Point-in-time
Balance	`MembersEquity`	$54.92M	USD	Point-in-time
Balance	`MembersEquity`	$57.09M	USD	Point-in-time
Balance	`MembersEquity`	$69.42M	USD	Point-in-time
Balance	`MembersEquity`	$55.51M	USD	Point-in-time

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