10-Q Filing

Sachem Capital Corp. CIK: 1682220 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001410578-22-002191`
Period End Date	20220630
Filing Date	20220810
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	sach-20220630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 120 Cash Flow Statement 101 Stockholders Equity 38

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Deferred financing costs	`DeferredFinanceCostsNet`	$7.94M	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
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.13M	USD	Point-in-time
Investment securities	`MarketableSecuritiesCurrent`	$34.38M	USD	Point-in-time
Investment securities	`MarketableSecuritiesCurrent`	$60.63M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	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
Mortgages receivable	`MortgageLoansOnRealEstate`	$422.40M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	1.90M	shares	Point-in-time
Mortgages receivable	`MortgageLoansOnRealEstate`	$292.30M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	1.90M	shares	Point-in-time
Interest and fees receivable	`InterestReceivable`	$5.21M	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`	$94.11K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other receivables	`OtherReceivables`	$487.73K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Due from borrowers	`DueFromAffiliates`	$4.65M	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 Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	36.76M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	32.73M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$271.29K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$170.14K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	36.76M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	32.73M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.17M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.94M	USD	Point-in-time
Real estate owned	`RealEstateInvestmentsOwned`	$5.90M	USD	Point-in-time
Real estate owned	`RealEstateInvestmentsOwned`	$6.56M	USD	Point-in-time
Investments in partnerships	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$6.06M	USD	Point-in-time
Investments in partnerships	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$19.62M	USD	Point-in-time
Other assets	`OtherAssets`	$420.68K	USD	Point-in-time
Other assets	`OtherAssets`	$306.44K	USD	Point-in-time
Deferred financing costs, net	`DeferredCostsCurrent`	$45.42K	USD	Point-in-time
Deferred financing costs, net	`DeferredCostsCurrent`	$264.45K	USD	Point-in-time
Total assets	`Assets`	$525.37M	USD	Point-in-time
Total assets	`Assets`	$417.96M	USD	Point-in-time
Notes payable (net of deferred financing costs of $7,939,241 and $5,747,387)	`UnsecuredDebt`	$240.21M	USD	Point-in-time
Notes payable (net of deferred financing costs of $7,939,241 and $5,747,387)	`UnsecuredDebt`	$160.53M	USD	Point-in-time
Repurchase facility	`AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability`	$39.37M	USD	Point-in-time
Repurchase facility	`AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability`	$19.09M	USD	Point-in-time
Mortgage payable	`MortgagePayable`	$750.00K	USD	Point-in-time
Mortgage payable	`MortgagePayable`	$750.00K	USD	Point-in-time
Line of credit	`LineOfCredit`	$23.41M	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`	-	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$501.75K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$177.87K	USD	Point-in-time
Advances from borrowers	`AdvancePaymentsByBorrowersForTaxesAndInsurance`	$11.34M	USD	Point-in-time
Advances from borrowers	`AdvancePaymentsByBorrowersForTaxesAndInsurance`	$15.07M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$4.64M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$4.63M	USD	Point-in-time
Other notes	`NotesPayable`	$17.64K	USD	Point-in-time
Other notes	`NotesPayable`	$30.92K	USD	Point-in-time
Accrued interest	`InterestPayableCurrentAndNoncurrent`	$466.22K	USD	Point-in-time
Accrued interest	`InterestPayableCurrentAndNoncurrent`	$164.73K	USD	Point-in-time
Total liabilities	`Liabilities`	$320.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$237.88M	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`	$1.90K	USD	Point-in-time
Common stock - $.001 par value; 100,000,000 shares authorized; 36,755,786 and 32,730,004 issued and outstanding	`CommonStockValue`	$32.73K	USD	Point-in-time
Common stock - $.001 par value; 100,000,000 shares authorized; 36,755,786 and 32,730,004 issued and outstanding	`CommonStockValue`	$36.76K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$185.52M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$206.97M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-425.97K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-476.02K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.99M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$205.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$180.08M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$525.37M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$417.96M	USD	Point-in-time

Income Statement 120 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$9.21M	USD	2 Qtrs
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$4.68M	USD	1 Quarter
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$18.94M	USD	2 Qtrs
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$10.43M	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$180.12K	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$422.81K	USD	2 Qtrs
Investment income	`InvestmentIncomeNet`	$225.03K	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$496.50K	USD	2 Qtrs
Income from partnership investments	`EquitySecuritiesFvNiGainLoss`	$54.24K	USD	2 Qtrs
Income from partnership investments	`EquitySecuritiesFvNiGainLoss`	$36.87K	USD	1 Quarter
Income from partnership investments	`EquitySecuritiesFvNiGainLoss`	$589.49K	USD	2 Qtrs
Income from partnership investments	`EquitySecuritiesFvNiGainLoss`	$317.00K	USD	1 Quarter
Gain (loss) on sale of investment securities	`GainLossOnSaleOfInvestments`	$-148.56K	USD	2 Qtrs
Gain (loss) on sale of investment securities	`GainLossOnSaleOfInvestments`	$5.57K	USD	1 Quarter
Gain (loss) on sale of investment securities	`GainLossOnSaleOfInvestments`	$-43.97K	USD	2 Qtrs
Gain (loss) on sale of investment securities	`GainLossOnSaleOfInvestments`	$85.47K	USD	1 Quarter
Origination fees, net	`OriginationFees`	$831.89K	USD	1 Quarter
Origination fees, net	`OriginationFees`	$2.05M	USD	1 Quarter
Origination fees, net	`OriginationFees`	$1.35M	USD	2 Qtrs
Origination fees, net	`OriginationFees`	$3.68M	USD	2 Qtrs
Late and other fees	`RevenuesFromFeesAndCommissions`	$61.97K	USD	1 Quarter
Late and other fees	`RevenuesFromFeesAndCommissions`	$97.90K	USD	2 Qtrs
Late and other fees	`RevenuesFromFeesAndCommissions`	$246.54K	USD	2 Qtrs
Late and other fees	`RevenuesFromFeesAndCommissions`	$117.68K	USD	1 Quarter
Processing fees	`ProcessingFees`	$62.62K	USD	1 Quarter
Processing fees	`ProcessingFees`	$128.47K	USD	2 Qtrs
Processing fees	`ProcessingFees`	$79.39K	USD	2 Qtrs
Processing fees	`ProcessingFees`	$43.41K	USD	1 Quarter
Rental income (loss), net	`RentalIncomeLossNet`	$28.20K	USD	2 Qtrs
Rental income (loss), net	`RentalIncomeLossNet`	$-9.40K	USD	1 Quarter
Rental income (loss), net	`RentalIncomeLossNet`	$18.16K	USD	1 Quarter
Rental income (loss), net	`RentalIncomeLossNet`	$-5.21K	USD	2 Qtrs
Unrealized losses on investment securities	`AvailableForSaleDebtSecuritiesGrossUnrealizedLoss`	$1.48M	USD	1 Quarter
Unrealized losses on investment securities	`AvailableForSaleDebtSecuritiesGrossUnrealizedLoss`	-	USD	1 Quarter
Unrealized losses on investment securities	`AvailableForSaleDebtSecuritiesGrossUnrealizedLoss`	$2.53M	USD	2 Qtrs
Unrealized losses on investment securities	`AvailableForSaleDebtSecuritiesGrossUnrealizedLoss`	-	USD	2 Qtrs
Other income	`OtherIncome`	$1.41M	USD	2 Qtrs
Other income	`OtherIncome`	$801.27K	USD	1 Quarter
Other income	`OtherIncome`	$1.26M	USD	2 Qtrs
Other income	`OtherIncome`	$801.30K	USD	1 Quarter
Total revenue	`Revenues`	$12.43M	USD	2 Qtrs
Total revenue	`Revenues`	$22.85M	USD	2 Qtrs
Total revenue	`Revenues`	$12.55M	USD	1 Quarter
Total revenue	`Revenues`	$6.71M	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$5.21M	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$4.97M	USD	2 Qtrs
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$9.11M	USD	2 Qtrs
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$2.51M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$251.17K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$482.93K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$459.75K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$229.04K	USD	1 Quarter
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$2.18M	USD	2 Qtrs
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$1.19M	USD	1 Quarter
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$1.40M	USD	2 Qtrs
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$812.14K	USD	1 Quarter
Exchange fees	`ExchangeFees`	$12.47K	USD	1 Quarter
Exchange fees	`ExchangeFees`	$12.46K	USD	1 Quarter
Exchange fees	`ExchangeFees`	$24.80K	USD	2 Qtrs
Exchange fees	`ExchangeFees`	$24.80K	USD	2 Qtrs
Other expenses and taxes	`TaxesAndLicenses`	$23.51K	USD	1 Quarter
Other expenses and taxes	`TaxesAndLicenses`	$95.35K	USD	1 Quarter
Other expenses and taxes	`TaxesAndLicenses`	$160.06K	USD	2 Qtrs
Other expenses and taxes	`TaxesAndLicenses`	$45.31K	USD	2 Qtrs
Depreciation	`Depreciation`	$22.24K	USD	1 Quarter
Depreciation	`Depreciation`	$44.48K	USD	2 Qtrs
Depreciation	`Depreciation`	$40.87K	USD	2 Qtrs
Depreciation	`Depreciation`	$21.26K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$818.07K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$407.92K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$248.31K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$416.83K	USD	1 Quarter
(Gain) Loss on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$-122.34K	USD	2 Qtrs
(Gain) Loss on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$-188.18K	USD	1 Quarter
(Gain) Loss on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$17.10K	USD	2 Qtrs
(Gain) Loss on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$14.96K	USD	1 Quarter
Impairment loss	`AssetImpairmentCharges`	$319.00K	USD	2 Qtrs
Impairment loss	`AssetImpairmentCharges`	$335.00K	USD	1 Quarter
Impairment loss	`AssetImpairmentCharges`	$595.50K	USD	2 Qtrs
Impairment loss	`AssetImpairmentCharges`	$294.00K	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$4.18M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$7.32M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$13.27M	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$7.71M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.23M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.58M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.71M	USD	2 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	-	USD	2 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$921.77K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$1.84M	USD	2 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	-	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.74M	USD	2 Qtrs
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.31M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.71M	USD	2 Qtrs
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.53M	USD	1 Quarter
Unrealized gain (loss) on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$-111.81K	USD	2 Qtrs
Unrealized gain (loss) on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$-192.76K	USD	1 Quarter
Unrealized gain (loss) on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$50.04K	USD	2 Qtrs
Unrealized gain (loss) on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$-104.32K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.11M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.60M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.43M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.79M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.22	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.20	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.20	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.22	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.85M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.50M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.63M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.37M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.51M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.64M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.86M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.37M	shares	1 Quarter

Cash Flow Statement 101 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`	$1.09M	USD	Point-in-time
Net income	`ProfitLoss`	$9.58M	USD	2 Qtrs
Net income	`ProfitLoss`	$4.71M	USD	2 Qtrs
Amortization of deferred financing costs and bond discount	`AmortizationOfFinancingCosts`	$1.11M	USD	2 Qtrs
Amortization of deferred financing costs and bond discount	`AmortizationOfFinancingCosts`	$502.87K	USD	2 Qtrs
Write-off of deferred financing costs	`WriteOffOfDeferredFinancingCosts`	-	USD	2 Qtrs
Write-off of deferred financing costs	`WriteOffOfDeferredFinancingCosts`	$72.81K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$22.24K	USD	1 Quarter
Depreciation expense	`Depreciation`	$44.48K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$40.87K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$21.26K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$62.32K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$230.17K	USD	2 Qtrs
Impairment loss	`GoodwillImpairmentLoss`	$595.50K	USD	2 Qtrs
Impairment loss	`GoodwillImpairmentLoss`	$319.00K	USD	2 Qtrs
(Gain) Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$122.34K	USD	2 Qtrs
(Gain) Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$-17.10K	USD	2 Qtrs
Unrealized loss on investment securities	`AvailableForSaleDebtSecuritiesGrossUnrealizedLoss`	$1.48M	USD	1 Quarter
Unrealized loss on investment securities	`AvailableForSaleDebtSecuritiesGrossUnrealizedLoss`	-	USD	1 Quarter
Unrealized loss on investment securities	`AvailableForSaleDebtSecuritiesGrossUnrealizedLoss`	$2.53M	USD	2 Qtrs
Unrealized loss on investment securities	`AvailableForSaleDebtSecuritiesGrossUnrealizedLoss`	-	USD	2 Qtrs
Loss on sale of investment securities	`MarketableSecuritiesRealizedGainLoss`	$-43.97K	USD	2 Qtrs
Loss on sale of investment securities	`MarketableSecuritiesRealizedGainLoss`	$-148.56K	USD	2 Qtrs
Debt Forgiveness	`GainsLossesOnExtinguishmentOfDebt`	$257.85K	USD	2 Qtrs
Debt Forgiveness	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$197.93K	USD	2 Qtrs
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$1.62M	USD	2 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$393.62K	USD	2 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$63.87K	USD	2 Qtrs
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$1.10M	USD	2 Qtrs
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$280.68K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-101.15K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$82.42K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$14.96K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$301.50K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-323.89K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-56.95K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-15.49K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$131.10K	USD	2 Qtrs
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$-3.73M	USD	2 Qtrs
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$1.16M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.25M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.42M	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$6.14M	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$7.33M	USD	2 Qtrs
Purchase of investment securities	`PaymentsToAcquireMarketableSecurities`	$36.09M	USD	2 Qtrs
Purchase of investment securities	`PaymentsToAcquireMarketableSecurities`	$85.47M	USD	2 Qtrs
Proceeds from the sale of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$78.11M	USD	2 Qtrs
Proceeds from the sale of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$59.71M	USD	2 Qtrs
Purchase of interests in investment partnerships, net	`PaymentsToAcquireLimitedPartnershipInterests`	$13.56M	USD	2 Qtrs
Purchase of interests in investment partnerships, net	`PaymentsToAcquireLimitedPartnershipInterests`	$1.84M	USD	2 Qtrs
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$1.40M	USD	2 Qtrs
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$919.01K	USD	2 Qtrs
Acquisitions of and improvements to real estate owned, net	`PaymentsToAcquireRealEstateHeldForInvestment`	$286.35K	USD	2 Qtrs
Acquisitions of and improvements to real estate owned, net	`PaymentsToAcquireRealEstateHeldForInvestment`	$19.92K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$815.34K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$776.47K	USD	2 Qtrs
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$191.97M	USD	2 Qtrs
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$75.19M	USD	2 Qtrs
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortgageReceivable`	$60.90M	USD	2 Qtrs
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortgageReceivable`	$58.01M	USD	2 Qtrs
Costs in connection with investment activities	`CostsInConnectionWithInvestmentActivities`	$114.24K	USD	2 Qtrs
Costs in connection with investment activities	`CostsInConnectionWithInvestmentActivities`	$192.65K	USD	2 Qtrs
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-26.72M	USD	2 Qtrs
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-120.57M	USD	2 Qtrs
Net proceeds from (repayment of) line of credit	`ProceedsFromLinesOfCredits`	$-9.77M	USD	2 Qtrs
Net proceeds from (repayment of) line of credit	`ProceedsFromLinesOfCredits`	$6.22M	USD	2 Qtrs
Net proceeds from repurchase facility	`ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase`	$20.29M	USD	2 Qtrs
Net proceeds from repurchase facility	`ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase`	-	USD	2 Qtrs
Repayment of mortgage payable	`RepaymentsOfFirstMortgageBond`	-	USD	2 Qtrs
Repayment of mortgage payable	`RepaymentsOfFirstMortgageBond`	$767.51K	USD	2 Qtrs
Principal payments on other notes	`RepaymentsOfNotesPayable`	$11.76K	USD	2 Qtrs
Principal payments on other notes	`RepaymentsOfNotesPayable`	$13.28K	USD	2 Qtrs
Dividends paid on Common Stock	`PaymentsOfDividendsCommonStock`	$8.25M	USD	2 Qtrs
Dividends paid on Common Stock	`PaymentsOfDividendsCommonStock`	$5.44M	USD	2 Qtrs
Dividends paid on Preferred Stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	-	USD	2 Qtrs
Dividends paid on Preferred Stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.84M	USD	2 Qtrs
Financings costs incurred	`PaymentsOfFinancingCosts`	$88.21K	USD	2 Qtrs
Financings costs incurred	`PaymentsOfFinancingCosts`	-	USD	2 Qtrs
Proceeds from issuance of common shares, net of expenses	`ProceedsFromIssuanceOfCommonStock`	$22.88M	USD	2 Qtrs
Proceeds from issuance of common shares, net of expenses	`ProceedsFromIssuanceOfCommonStock`	$21.23M	USD	2 Qtrs
Proceeds from issuance of Series A Preferred Stock, net of expenses	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	2 Qtrs
Proceeds from issuance of Series A Preferred Stock, net of expenses	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$40.61M	USD	2 Qtrs
Gross proceeds from issuance of fixed rate notes	`ProceedsFromIssuanceOfFixedRateNotes`	$81.88M	USD	2 Qtrs
Gross proceeds from issuance of fixed rate notes	`ProceedsFromIssuanceOfFixedRateNotes`	-	USD	2 Qtrs
Financings costs incurred in connection with fixed rate notes	`FinancingCostsIncurredInConnectionWithFixedRateNotes`	$3.08M	USD	2 Qtrs
Financings costs incurred in connection with fixed rate notes	`FinancingCostsIncurredInConnectionWithFixedRateNotes`	-	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$100.43M	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$63.40M	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$42.82M	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-12.81M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.94M	USD	Point-in-time
CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$62.23M	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`	$29.13M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.94M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$62.23M	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`	$29.13M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$7.71M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$4.48M	USD	2 Qtrs

Stockholders Equity 38 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`MembersEquity`	$80.92M	USD	Point-in-time
Beginning balance	`MembersEquity`	$146.29M	USD	Point-in-time
Beginning balance	`MembersEquity`	$199.41M	USD	Point-in-time
Beginning balance	`MembersEquity`	$84.64M	USD	Point-in-time
Beginning balance	`MembersEquity`	$180.08M	USD	Point-in-time
Beginning balance	`MembersEquity`	$205.00M	USD	Point-in-time
Issuance of Preferred Stock, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$40.61M	USD	1 Quarter
Issuance of Preferred Stock, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$40.61M	USD	2 Qtrs
Issuance of Common Stock, net of expenses	`StockIssuedDuringPeriodValueOther`	$5.68M	USD	1 Quarter
Issuance of Common Stock, net of expenses	`StockIssuedDuringPeriodValueOther`	$21.34M	USD	1 Quarter
Issuance of Common Stock, net of expenses	`StockIssuedDuringPeriodValueOther`	$21.23M	USD	2 Qtrs
Issuance of Common Stock, net of expenses	`StockIssuedDuringPeriodValueOther`	$22.88M	USD	2 Qtrs
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$230.17K	USD	2 Qtrs
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$123.43K	USD	1 Quarter
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$58.31K	USD	1 Quarter
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$62.41K	USD	2 Qtrs
Unrealized gain (loss) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$50.04K	USD	2 Qtrs
Unrealized gain (loss) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-111.81K	USD	2 Qtrs
Unrealized gain (loss) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-192.76K	USD	1 Quarter
Unrealized gain (loss) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-104.32K	USD	1 Quarter
Dividends paid on Common stock	`DividendsCommonStock`	$4.33M	USD	1 Quarter
Dividends paid on Common stock	`DividendsCommonStock`	$4.33M	USD	2 Qtrs
Dividends paid on Preferred Stock	`DividendsPreferredStock`	-	USD	2 Qtrs
Dividends paid on Preferred Stock	`DividendsPreferredStock`	$921.77K	USD	1 Quarter
Dividends paid on Preferred Stock	`DividendsPreferredStock`	$1.84M	USD	2 Qtrs
Dividends paid on Preferred Stock	`DividendsPreferredStock`	-	USD	1 Quarter
Dividends paid	`PaymentsOfOrdinaryDividend`	$2.79M	USD	1 Quarter
Dividends paid	`PaymentsOfOrdinaryDividend`	$2.79M	USD	2 Qtrs
Net income	`ProfitLosses`	$2.53M	USD	1 Quarter
Net income	`ProfitLosses`	$9.58M	USD	2 Qtrs
Net income	`ProfitLosses`	$5.23M	USD	1 Quarter
Net income	`ProfitLosses`	$4.71M	USD	2 Qtrs
Balance	`MembersEquity`	$80.92M	USD	Point-in-time
Balance	`MembersEquity`	$146.29M	USD	Point-in-time
Balance	`MembersEquity`	$199.41M	USD	Point-in-time
Balance	`MembersEquity`	$84.64M	USD	Point-in-time
Balance	`MembersEquity`	$180.08M	USD	Point-in-time
Balance	`MembersEquity`	$205.00M	USD	Point-in-time

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