10-Q Filing

Sachem Capital Corp. CIK: 1682220 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001410578-22-003110`
Period End Date	20220930
Filing Date	20221110
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	sach-20220930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 90 Cash Flow Statement 89 Stockholders Equity 36

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Deferred financing costs	`DeferredFinanceCostsNet`	$5.75M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$8.84M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.94M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Investment securities	`MarketableSecuritiesCurrent`	$34.35M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	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`	$448.52M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.90M	shares	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.90M	shares	Point-in-time
Interest and fees receivable	`InterestReceivable`	$5.75M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Due from borrowers	`DueFromAffiliates`	$3.67M	USD	Point-in-time
Due from borrowers	`DueFromAffiliates`	$5.06M	USD	Point-in-time
Real estate owned	`RealEstateInvestmentsOwned`	$6.56M	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Real estate owned	`RealEstateInvestmentsOwned`	$5.62M	USD	Point-in-time
Investments in partnerships	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$6.06M	USD	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	40.08M	shares	Point-in-time
Investments in partnerships	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$22.54M	USD	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	32.73M	shares	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	40.08M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.17M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.40M	USD	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	32.73M	shares	Point-in-time
Other assets	`OtherAssets`	$936.29K	USD	Point-in-time
Other assets	`OtherAssets`	$1.12M	USD	Point-in-time
Total assets	`Assets`	$417.96M	USD	Point-in-time
Total assets	`Assets`	$561.82M	USD	Point-in-time
Notes payable (net of deferred financing costs of $8,844,137 and $5,747,387)	`UnsecuredDebt`	$279.56M	USD	Point-in-time
Notes payable (net of deferred financing costs of $8,844,137 and $5,747,387)	`UnsecuredDebt`	$160.53M	USD	Point-in-time
Repurchase facility	`AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability`	$19.09M	USD	Point-in-time
Repurchase facility	`AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability`	$43.10M	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`	$33.18M	USD	Point-in-time
Line of credit	`LineOfCredit`	$3.54M	USD	Point-in-time
Accrued dividends payable	`DividendsPayableCurrentAndNoncurrent`	$3.93M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$1.16M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$697.40K	USD	Point-in-time
Advances from borrowers	`AdvancePaymentsByBorrowersForTaxesAndInsurance`	$15.07M	USD	Point-in-time
Advances from borrowers	`AdvancePaymentsByBorrowersForTaxesAndInsurance`	$9.94M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$4.47M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$4.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$237.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$342.52M	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 shares - $.001 par value; 200,000,000 shares authorized; 40,080,672 and 32,730,004 issued and outstanding	`CommonStockValue`	$32.73K	USD	Point-in-time
Common shares - $.001 par value; 200,000,000 shares authorized; 40,080,672 and 32,730,004 issued and outstanding	`CommonStockValue`	$40.08K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$185.52M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$222.52M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-557.54K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-476.02K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.99M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.71M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$205.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$219.30M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$180.08M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$146.29M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$158.76M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$80.92M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$417.96M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$561.82M	USD	Point-in-time

Income Statement 90 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestIncomeDebtSecuritiesOperating`	$6.09M	USD	1 Quarter
Interest income from loans	`InterestIncomeDebtSecuritiesOperating`	$11.55M	USD	1 Quarter
Interest income from loans	`InterestIncomeDebtSecuritiesOperating`	$30.49M	USD	3 Qtrs
Interest income from loans	`InterestIncomeDebtSecuritiesOperating`	$15.31M	USD	3 Qtrs
Investment gains, net	`GainLossOnSaleOfInvestments`	$238.22K	USD	1 Quarter
Investment gains, net	`GainLossOnSaleOfInvestments`	$532.16K	USD	1 Quarter
Investment gains, net	`GainLossOnSaleOfInvestments`	$911.00K	USD	3 Qtrs
Investment gains, net	`GainLossOnSaleOfInvestments`	$586.17K	USD	3 Qtrs
Income from partnership investments	`EquitySecuritiesFvNiGainLoss`	$523.07K	USD	1 Quarter
Income from partnership investments	`EquitySecuritiesFvNiGainLoss`	$1.11M	USD	3 Qtrs
Income from partnership investments	`EquitySecuritiesFvNiGainLoss`	$90.22K	USD	3 Qtrs
Income from partnership investments	`EquitySecuritiesFvNiGainLoss`	$35.98K	USD	1 Quarter
Origination and modification fees, net	`OriginationAndModificationsFeesNet`	$1.27M	USD	1 Quarter
Origination and modification fees, net	`OriginationAndModificationsFeesNet`	$2.79M	USD	3 Qtrs
Origination and modification fees, net	`OriginationAndModificationsFeesNet`	$1.67M	USD	1 Quarter
Origination and modification fees, net	`OriginationAndModificationsFeesNet`	$5.76M	USD	3 Qtrs
Fee and other income	`InterestAndFeeIncomeOtherLoans`	$1.85M	USD	3 Qtrs
Fee and other income	`InterestAndFeeIncomeOtherLoans`	$591.44K	USD	1 Quarter
Fee and other income	`InterestAndFeeIncomeOtherLoans`	$641.75K	USD	1 Quarter
Fee and other income	`InterestAndFeeIncomeOtherLoans`	$2.05M	USD	3 Qtrs
Unrealized losses on investment securities	`AvailableForSaleDebtSecuritiesGrossUnrealizedLoss`	$3.61M	USD	3 Qtrs
Unrealized losses on investment securities	`AvailableForSaleDebtSecuritiesGrossUnrealizedLoss`	$1.08M	USD	1 Quarter
Total revenue	`Revenues`	$20.95M	USD	3 Qtrs
Total revenue	`Revenues`	$8.52M	USD	1 Quarter
Total revenue	`Revenues`	$13.54M	USD	1 Quarter
Total revenue	`Revenues`	$36.39M	USD	3 Qtrs
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$2.59M	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$5.97M	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$7.54M	USD	3 Qtrs
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$15.08M	USD	3 Qtrs
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$2.18M	USD	3 Qtrs
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$771.37K	USD	1 Quarter
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$1.51M	USD	1 Quarter
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$3.69M	USD	3 Qtrs
Other expenses	`OtherExpenses`	$90.90K	USD	1 Quarter
Other expenses	`OtherExpenses`	$248.58K	USD	3 Qtrs
Other expenses	`OtherExpenses`	$320.23K	USD	3 Qtrs
Other expenses	`OtherExpenses`	$137.61K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$715.99K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$478.48K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.99M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.37M	USD	3 Qtrs
Loss (Gain) on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$111.55K	USD	3 Qtrs
Loss (Gain) on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$94.45K	USD	1 Quarter
Loss (Gain) on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$-121.38K	USD	3 Qtrs
Loss (Gain) on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$962.00	USD	1 Quarter
Impairment loss	`AssetImpairmentCharges`	$150.00K	USD	1 Quarter
Impairment loss	`AssetImpairmentCharges`	$469.00K	USD	3 Qtrs
Impairment loss	`AssetImpairmentCharges`	$790.50K	USD	3 Qtrs
Impairment loss	`AssetImpairmentCharges`	$195.00K	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$11.92M	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$4.22M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$8.49M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$21.76M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.03M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.63M	USD	3 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$913.79K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$2.77M	USD	3 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$932.09K	USD	3 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$921.77K	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.39M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.13M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$8.10M	USD	3 Qtrs
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.87M	USD	3 Qtrs
Unrealized gain (loss) on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$-81.53K	USD	3 Qtrs
Unrealized gain (loss) on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$-612.00K	USD	3 Qtrs
Unrealized gain (loss) on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$-131.57K	USD	1 Quarter
Unrealized gain (loss) on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$-500.19K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.89M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.49M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.79M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.32	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.32	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.32	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.32	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.72M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.97M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.83M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.97M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.97M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.98M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.83M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.73M	shares	3 Qtrs

Cash Flow Statement 89 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`	$9.03M	USD	3 Qtrs
Net income	`ProfitLoss`	$14.63M	USD	3 Qtrs
Amortization of deferred financing costs and bond discount	`AmortizationOfFinancingCosts`	$1.66M	USD	3 Qtrs
Amortization of deferred financing costs and bond discount	`AmortizationOfFinancingCosts`	$839.42K	USD	3 Qtrs
Write-off of deferred financing costs	`WriteOffOfDeferredFinancingCosts`	$72.81K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$61.29K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$66.53K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$357.32K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$126.63K	USD	3 Qtrs
Impairment loss	`GoodwillImpairmentLoss`	$790.50K	USD	3 Qtrs
Impairment loss	`GoodwillImpairmentLoss`	$469.00K	USD	3 Qtrs
(Gain) Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$-111.55K	USD	3 Qtrs
(Gain) Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$121.38K	USD	3 Qtrs
Unrealized loss on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$-3.61M	USD	3 Qtrs
Unrealized loss on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$212.45K	USD	3 Qtrs
Loss on sale of investment securities	`MarketableSecuritiesRealizedGainLoss`	$-148.56K	USD	3 Qtrs
Debt Forgiveness	`GainsLossesOnExtinguishmentOfDebt`	$257.85K	USD	3 Qtrs
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$885.38K	USD	3 Qtrs
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$2.15M	USD	3 Qtrs
Other assets - other receivables	`IncreaseDecreaseInOtherReceivables`	$361.08K	USD	3 Qtrs
Other assets - other receivables	`IncreaseDecreaseInOtherReceivables`	$418.18K	USD	3 Qtrs
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$1.51M	USD	3 Qtrs
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$1.41M	USD	3 Qtrs
Other assets - prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-153.84K	USD	3 Qtrs
Other assets - prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$14.50K	USD	3 Qtrs
Accounts payable and accrued liabilities - accrued interest	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesAccruedInterest`	$-3.34K	USD	3 Qtrs
Accounts payable and accrued liabilities - accrued interest	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesAccruedInterest`	$431.11K	USD	3 Qtrs
Accounts payable and accrued liabilities - accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-179.99K	USD	3 Qtrs
Accounts payable and accrued liabilities - accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$53.82K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.78M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-171.69K	USD	3 Qtrs
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$8.20M	USD	3 Qtrs
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$-5.13M	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.23M	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$8.34M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$12.41M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$17.37M	USD	3 Qtrs
Purchase of investment securities	`PaymentsToAcquireMarketableSecurities`	$160.90M	USD	3 Qtrs
Purchase of investment securities	`PaymentsToAcquireMarketableSecurities`	$39.72M	USD	3 Qtrs
Proceeds from the sale of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$62.16M	USD	3 Qtrs
Proceeds from the sale of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$141.71M	USD	3 Qtrs
Purchase of interests in investment partnerships, net	`PaymentsToAcquireLimitedPartnershipInterests`	$1.80M	USD	3 Qtrs
Purchase of interests in investment partnerships, net	`PaymentsToAcquireLimitedPartnershipInterests`	$16.49M	USD	3 Qtrs
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$1.84M	USD	3 Qtrs
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$1.57M	USD	3 Qtrs
Acquisitions of and improvements to real estate owned, net	`PaymentsToAcquireRealEstateHeldForInvestment`	$101.17K	USD	3 Qtrs
Acquisitions of and improvements to real estate owned, net	`PaymentsToAcquireRealEstateHeldForInvestment`	$333.44K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$817.78K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.29M	USD	3 Qtrs
Security deposits held	`PaymentsForProceedsFromOtherDeposits`	$11.42K	USD	3 Qtrs
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$252.37M	USD	3 Qtrs
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$154.81M	USD	3 Qtrs
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortgageReceivable`	$90.46M	USD	3 Qtrs
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortgageReceivable`	$95.17M	USD	3 Qtrs
Other assets - costs in connection with SPAC offering	`CostsInConnectionWithInvestmentActivities`	$281.19K	USD	3 Qtrs
Other assets - costs in connection with SPAC offering	`CostsInConnectionWithInvestmentActivities`	$166.36K	USD	3 Qtrs
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-84.94M	USD	3 Qtrs
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-151.23M	USD	3 Qtrs
Net proceeds from (repayment of) line of credit	`ProceedsFromLinesOfCredits`	$2.00M	USD	3 Qtrs
Net proceeds from (repayment of) line of credit	`ProceedsFromLinesOfCredits`	$-29.64M	USD	3 Qtrs
Net proceeds from repurchase facility	`ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase`	$24.01M	USD	3 Qtrs
Repayment of mortgage payable	`RepaymentsOfFirstMortgageBond`	$767.51K	USD	3 Qtrs
Accounts payable and accrued liabilities - principal payments on other notes	`RepaymentsOfNotesPayable`	$20.16K	USD	3 Qtrs
Accounts payable and accrued liabilities - principal payments on other notes	`RepaymentsOfNotesPayable`	$17.18K	USD	3 Qtrs
Dividends paid on common shares	`PaymentsOfDividendsCommonStock`	$8.78M	USD	3 Qtrs
Dividends paid on common shares	`PaymentsOfDividendsCommonStock`	$13.51M	USD	3 Qtrs
Dividends paid on Series A Preferred Stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$932.09K	USD	3 Qtrs
Dividends paid on Series A Preferred Stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$2.77M	USD	3 Qtrs
Financings costs incurred	`PaymentsOfFinancingCosts`	$450.65K	USD	3 Qtrs
Proceeds from issuance of common shares, net of expenses	`ProceedsFromIssuanceOfCommonStock`	$30.88M	USD	3 Qtrs
Proceeds from issuance of common shares, net of expenses	`ProceedsFromIssuanceOfCommonStock`	$36.65M	USD	3 Qtrs
Proceeds from issuance of Series A Preferred Stock, net of expenses	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$45.46M	USD	3 Qtrs
Gross proceeds from issuance of fixed rate notes	`ProceedsFromIssuanceOfFixedRateNotes`	$122.12M	USD	3 Qtrs
Financings costs incurred in connection with fixed rate notes	`FinancingCostsIncurredInConnectionWithFixedRateNotes`	$4.52M	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$132.35M	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$67.40M	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-165.71K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.47M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.94M	USD	Point-in-time
CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.46M	USD	Point-in-time
CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.41M	USD	Point-in-time
CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.24M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.94M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.46M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.41M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.24M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$6.75M	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$13.01M	USD	3 Qtrs

Stockholders Equity 36 line items

Line Item	Tag	Value	Unit	Period
Balance balance	`StockholdersEquity`	$205.00M	USD	Point-in-time
Balance balance	`StockholdersEquity`	$219.30M	USD	Point-in-time
Balance balance	`StockholdersEquity`	$180.08M	USD	Point-in-time
Balance balance	`StockholdersEquity`	$146.29M	USD	Point-in-time
Balance balance	`StockholdersEquity`	$158.76M	USD	Point-in-time
Balance balance	`StockholdersEquity`	$80.92M	USD	Point-in-time
Issuance of common shares, net of expenses	`StockIssuedDuringPeriodValueOther`	$30.88M	USD	3 Qtrs
Issuance of common shares, net of expenses	`StockIssuedDuringPeriodValueOther`	$8.01M	USD	1 Quarter
Issuance of common shares, net of expenses	`StockIssuedDuringPeriodValueOther`	$36.65M	USD	3 Qtrs
Issuance of common shares, net of expenses	`StockIssuedDuringPeriodValueOther`	$15.42M	USD	1 Quarter
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$127.02K	USD	1 Quarter
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$64.22K	USD	1 Quarter
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$126.63K	USD	3 Qtrs
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$357.32K	USD	3 Qtrs
Unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-81.53K	USD	3 Qtrs
Unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-612.00K	USD	3 Qtrs
Unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-131.57K	USD	1 Quarter
Unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-500.19K	USD	1 Quarter
Dividends paid on Series A Preferred Stock	`DividendsPreferredStock`	$913.79K	USD	1 Quarter
Dividends paid on Series A Preferred Stock	`DividendsPreferredStock`	$2.77M	USD	3 Qtrs
Dividends paid on Series A Preferred Stock	`DividendsPreferredStock`	$932.09K	USD	3 Qtrs
Dividends paid on Series A Preferred Stock	`DividendsPreferredStock`	$921.77K	USD	1 Quarter
Dividends paid on common shares	`DividendsCommonStock`	$3.34M	USD	1 Quarter
Dividends paid on common shares	`DividendsCommonStock`	$6.12M	USD	3 Qtrs
Dividends paid on common shares	`DividendsCommonStock`	$5.25M	USD	1 Quarter
Dividends paid on common shares	`DividendsCommonStock`	$9.58M	USD	3 Qtrs
Net income	`ProfitLosses`	$5.05M	USD	1 Quarter
Net income	`ProfitLosses`	$9.03M	USD	3 Qtrs
Net income	`ProfitLosses`	$14.63M	USD	3 Qtrs
Net income	`ProfitLosses`	$4.30M	USD	1 Quarter
Balance	`StockholdersEquity`	$205.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$219.30M	USD	Point-in-time
Balance	`StockholdersEquity`	$180.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$146.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$158.76M	USD	Point-in-time
Balance	`StockholdersEquity`	$80.92M	USD	Point-in-time

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