10-K Filing

Sachem Capital Corp. CIK: 1682220 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001410578-22-000767`
Period End Date	20211231
Filing Date	20220331
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	sach-20211231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 58 Cash Flow Statement 94 Stockholders Equity 18

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Deferred financing costs	`DeferredFinanceCostsNet`	$4.87M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$5.75M	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.94M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Investment securities	`MarketableSecuritiesCurrent`	$37.29M	USD	Point-in-time
Investment securities	`MarketableSecuritiesCurrent`	$60.63M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	1.90M	shares	Point-in-time
Mortgages receivable	`MortgageLoansOnRealEstate`	$292.30M	USD	Point-in-time
Mortgages receivable	`MortgageLoansOnRealEstate`	$155.62M	USD	Point-in-time
Interest and fees receivable	`InterestReceivable`	$1.82M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	1.90M	shares	Point-in-time
Interest and fees receivable	`InterestReceivable`	$3.69M	USD	Point-in-time
Other receivables	`OtherReceivables`	$67.31K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other receivables	`OtherReceivables`	$94.11K	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
Due from borrowers	`DueFromAffiliates`	$2.03M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Due from borrowers	`DueFromAffiliates`	$3.67M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	22.12M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$271.29K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	32.73M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$71.31K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	22.12M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.17M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.43M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	32.73M	shares	Point-in-time
Real estate owned	`RealEstateInvestmentsOwned`	$6.56M	USD	Point-in-time
Real estate owned	`RealEstateInvestmentsOwned`	$8.86M	USD	Point-in-time
Investments in partnerships	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	-	USD	Point-in-time
Investments in partnerships	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$6.06M	USD	Point-in-time
Other assets	`OtherAssets`	$306.44K	USD	Point-in-time
Other assets	`OtherAssets`	-	USD	Point-in-time
Deferred financing costs, net	`DeferredCostsCurrent`	$72.81K	USD	Point-in-time
Deferred financing costs, net	`DeferredCostsCurrent`	$264.45K	USD	Point-in-time
Total assets	`Assets`	$226.67M	USD	Point-in-time
Total assets	`Assets`	$417.96M	USD	Point-in-time
Notes payable (net of deferred financing costs of $5,747,387 and $4,866,058)	`UnsecuredDebt`	$109.64M	USD	Point-in-time
Notes payable (net of deferred financing costs of $5,747,387 and $4,866,058)	`UnsecuredDebt`	$160.53M	USD	Point-in-time
Repurchase facility	`AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability`	$19.09M	USD	Point-in-time
Repurchase facility	`AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability`	-	USD	Point-in-time
Mortgage payable	`MortgagePayable`	$750.00K	USD	Point-in-time
Mortgage payable	`MortgagePayable`	$767.51K	USD	Point-in-time
Line of credit	`LineOfCredit`	$28.06M	USD	Point-in-time
Line of credit	`LineOfCredit`	$33.18M	USD	Point-in-time
Accrued dividends payable	`DividendsPayableCurrentAndNoncurrent`	$3.93M	USD	Point-in-time
Accrued dividends payable	`DividendsPayableCurrentAndNoncurrent`	$2.65M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$501.75K	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
Security deposits held	`SecurityDepositLiability`	$13.42K	USD	Point-in-time
Advances from borrowers	`AdvancePaymentsByBorrowersForTaxesAndInsurance`	$15.07M	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`	$4.64M	USD	Point-in-time
Notes payable	`NotesPayable`	$54.68K	USD	Point-in-time
Notes payable	`NotesPayable`	$30.92K	USD	Point-in-time
Accrued interest	`InterestPayableCurrentAndNoncurrent`	$164.73K	USD	Point-in-time
Accrued interest	`InterestPayableCurrentAndNoncurrent`	$3.34K	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$3.93M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$2.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$237.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$145.75M	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; 32,730,004 and 22,124,801 issued and outstanding	`CommonStockValue`	$32.73K	USD	Point-in-time
Common stock - $.001 par value; 100,000,000 shares authorized; 32,730,004 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`	$185.52M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-476.02K	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`	$-4.99M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$80.92M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$180.08M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$417.96M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$226.67M	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$13.82M	USD	Annual
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$22.31M	USD	Annual
Investment income	`InvestmentIncomeNet`	$399.49K	USD	Annual
Investment income	`InvestmentIncomeNet`	$1.07M	USD	Annual
Income from partnership investments	`EquitySecuritiesFvNiGainLoss`	$142.03K	USD	Annual
Gain (loss) on sale of investment securities	`GainLossOnSaleOfInvestments`	$903.26K	USD	Annual
Gain (loss) on sale of investment securities	`GainLossOnSaleOfInvestments`	$284.77K	USD	Annual
Origination fees	`OriginationFees`	$3.39M	USD	Annual
Origination fees	`OriginationFees`	$1.89M	USD	Annual
Late and other fees	`RevenuesFromFeesAndCommissions`	$519.09K	USD	Annual
Late and other fees	`RevenuesFromFeesAndCommissions`	$85.47K	USD	Annual
Processing fees	`ProcessingFees`	$167.83K	USD	Annual
Processing fees	`ProcessingFees`	$193.49K	USD	Annual
Rental income (loss), net	`RentalIncomeNonoperating`	$30.66K	USD	Annual
Rental income (loss), net	`RentalIncomeNonoperating`	$85.34K	USD	Annual
Other income	`OtherIncome`	$2.49M	USD	Annual
Other income	`OtherIncome`	$1.25M	USD	Annual
Total revenue	`Revenues`	$18.60M	USD	Annual
Total revenue	`Revenues`	$30.42M	USD	Annual
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$5.55M	USD	Annual
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$10.42M	USD	Annual
Professional fees	`ProfessionalFees`	$628.80K	USD	Annual
Professional fees	`ProfessionalFees`	$1.14M	USD	Annual
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$3.12M	USD	Annual
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$1.80M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$191.32K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$16.43K	USD	Annual
Exchange fees	`ExchangeFees`	$50.00K	USD	Annual
Exchange fees	`ExchangeFees`	$49.05K	USD	Annual
Other expenses and taxes	`TaxesAndLicenses`	$157.19K	USD	Annual
Other expenses and taxes	`TaxesAndLicenses`	$299.34K	USD	Annual
Depreciation	`Depreciation`	$83.53K	USD	Annual
Depreciation	`Depreciation`	$61.87K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$562.61K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.10M	USD	Annual
Loss on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$7.22K	USD	Annual
Loss on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$165.91K	USD	Annual
Impairment loss	`AssetImpairmentCharges`	$719.00K	USD	Annual
Impairment loss	`AssetImpairmentCharges`	$795.00K	USD	Annual
Total operating costs and expenses	`CostsAndExpenses`	$17.11M	USD	Annual
Total operating costs and expenses	`CostsAndExpenses`	$9.61M	USD	Annual
Net income	`NetIncomeLoss`	$13.32M	USD	Annual
Net income	`NetIncomeLoss`	$8.99M	USD	Annual
Preferred stock dividend	`DividendsPreferredStock`	$1.85M	USD	Annual
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.46M	USD	Annual
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$8.99M	USD	Annual
Unrealized (loss) gain on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$24.89K	USD	Annual
Unrealized (loss) gain on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$-476.02K	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.02M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.99M	USD	Annual
Basic	`EarningsPerShareBasic`	$0.41	USD	Annual
Basic	`EarningsPerShareBasic`	$0.44	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.44	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.41	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.32M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	22.12M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.32M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.12M	shares	Annual

Cash Flow Statement 94 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`	$1.55M	USD	Point-in-time
Real estate acquired in connection with the foreclosure of certain mortgages, inclusive of interest and other fees receivable	`RealEstateAcquiredThroughForeclosure`	$685.76K	USD	Point-in-time
Gain on real estate acquired in lieu of foreclosure	`OtherRealEstateAndForeclosedAssets`	$273.61K	USD	Point-in-time
Net income	`ProfitLoss`	$8.99M	USD	Annual
Net income	`ProfitLoss`	$13.32M	USD	Annual
Amortization of deferred financing costs and bond discount	`AmortizationOfFinancingCosts`	$1.22M	USD	Annual
Amortization of deferred financing costs and bond discount	`AmortizationOfFinancingCosts`	$601.96K	USD	Annual
Write-off of deferred financing costs	`WriteOffOfDeferredFinancingCosts`	$72.81K	USD	Annual
Depreciation expense	`Depreciation`	$83.53K	USD	Annual
Depreciation expense	`Depreciation`	$61.87K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$191.32K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$16.43K	USD	Annual
Impairment loss	`GoodwillImpairmentLoss`	$719.00K	USD	Annual
Impairment loss	`GoodwillImpairmentLoss`	$795.00K	USD	Annual
Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$-7.22K	USD	Annual
Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$-439.52K	USD	Annual
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLoss`	$284.77K	USD	Annual
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLoss`	$903.26K	USD	Annual
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$1.87M	USD	Annual
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$504.58K	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-74.09K	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$26.80K	USD	Annual
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$1.54M	USD	Annual
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$1.65M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$46.58K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$199.98K	USD	Annual
Deposits on property and equipment	`IncreaseDecreaseInSecurityDeposits`	$71.68K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-72.00	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$161.38K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$122.10K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$129.09K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$893.59K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$2.54M	USD	Annual
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$13.24M	USD	Annual
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$982.27K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$633.95K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$14.76M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$9.63M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$28.08M	USD	Annual
Purchase of investment securities	`PaymentsToAcquireMarketableSecurities`	$97.56M	USD	Annual
Purchase of investment securities	`PaymentsToAcquireMarketableSecurities`	$204.06M	USD	Annual
Proceeds from the sale of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$77.14M	USD	Annual
Proceeds from the sale of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$180.53M	USD	Annual
Purchase of interests in investment partnerships, net	`PaymentsToAcquireLimitedPartnershipInterests`	$6.06M	USD	Annual
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$2.39M	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`	$1.24M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$822.32K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$148.86K	USD	Annual
Security deposits held	`PaymentsForProceedsFromOtherDeposits`	$13.42K	USD	Annual
Security deposits held	`PaymentsForProceedsFromOtherDeposits`	$-5.62K	USD	Annual
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$251.83M	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`	$115.15M	USD	Annual
Costs in connection with investment activities	`CostsInConnectionWithInvestmentActivities`	$306.44K	USD	Annual
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-166.27M	USD	Annual
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-82.82M	USD	Annual
Net proceeds from line of credit	`ProceedsFromLinesOfCredit`	$28.06M	USD	Annual
Net proceeds from line of credit	`ProceedsFromLinesOfCredit`	$5.12M	USD	Annual
Net proceeds from repurchase facility	`ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase`	$19.09M	USD	Annual
Proceeds from mortgage	`ProceedsFromIssuanceOfFirstMortgageBond`	$750.00K	USD	Annual
Repayment of mortgage payable	`RepaymentsOfLinesOfCredit`	$767.51K	USD	Annual
Principal payments on mortgage payable	`PaymentsForProceedsFromMortgageDeposits`	$16.57K	USD	Annual
Principal payments on notes payable	`RepaymentsOfNotesPayable`	$23.76K	USD	Annual
Principal payments on notes payable	`RepaymentsOfNotesPayable`	$20.75K	USD	Annual
Dividends paid on Common Stock	`PaymentsOfDividendsCommonStock`	$12.27M	USD	Annual
Dividends paid on Common Stock	`PaymentsOfDividendsCommonStock`	$7.96M	USD	Annual
Dividends paid on Preferred Stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.85M	USD	Annual
Financing costs incurred	`PaymentsOfFinancingCosts`	$461.36K	USD	Annual
Financing costs incurred	`PaymentsOfFinancingCosts`	$114.56K	USD	Annual
Proceeds from other loans	`ProceedsFromOtherDebt`	$257.85K	USD	Annual
Repayment of other loans	`RepaymentsOfOtherDebt`	$257.85K	USD	Annual
Proceeds from issuance of common shares, net of expenses	`ProceedsFromIssuanceOfCommonStock`	$56.06M	USD	Annual
Proceeds from issuance of Series A Preferred Stock, net of expenses	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$45.46M	USD	Annual
Gross proceeds from issuance of fixed rate notes	`ProceedsFromIssuanceOfFixedRateNotes`	$51.75M	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`	$2.52M	USD	Annual
Financing costs incurred in connection with fixed rate notes	`FinancingCostsIncurredInConnectionWithFixedRateNotes`	$1.88M	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$160.72M	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`	$22.53M	USD	Annual
CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.84M	USD	Point-in-time
CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.94M	USD	Point-in-time
CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.41M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.84M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.94M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.41M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$4.95M	USD	Annual
Interest paid	`InterestPaidNet`	$9.10M	USD	Annual
Dividends declared and payable	`DividendsDeclaredAndPayable`	$3.93M	USD	Annual
Dividends declared and payable	`DividendsDeclaredAndPayable`	$2.65M	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`MembersEquity`	$82.56M	USD	Point-in-time
Beginning balance	`MembersEquity`	$180.08M	USD	Point-in-time
Beginning balance	`MembersEquity`	$80.92M	USD	Point-in-time
Issuance of Preferred Stock, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$45.46M	USD	Annual
Issuance of Common Stock, net of expenses	`StockIssuedDuringPeriodValueOther`	$56.06M	USD	Annual
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$191.43K	USD	Annual
Unrealized loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-450.02K	USD	Annual
Unrealized loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$24.89K	USD	Annual
Dividends paid on Common stock	`DividendsCommonStock`	$7.96M	USD	Annual
Dividends paid on Common stock	`DividendsCommonStock`	$9.64M	USD	Annual
Dividends paid on Preferred Stock	`DividendsPreferredStock`	$1.85M	USD	Annual
Dividends declared and payable	`DividendsCommonStockCash`	$3.93M	USD	Annual
Dividends declared and payable	`DividendsCommonStockCash`	$2.65M	USD	Annual
Net income for the year	`NetIncomeLoss`	$13.32M	USD	Annual
Net income for the year	`NetIncomeLoss`	$8.99M	USD	Annual
Balance	`MembersEquity`	$82.56M	USD	Point-in-time
Balance	`MembersEquity`	$180.08M	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.