10-K Filing

Sachem Capital Corp. CIK: 1682220 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001410578-23-000507`
Period End Date	20221231
Filing Date	20230331
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	sach-20221231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 46 Cash Flow Statement 95 Stockholders Equity 23

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Deferred financing costs	`DeferredFinanceCostsNet`	$8.35M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$5.75M	USD	Point-in-time
Preferred stock, par value (in dollars 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`	$23.71M	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`	$24.58M	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 issued	`PreferredStockSharesIssued`	1.90M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.90M	shares	Point-in-time
Mortgages receivable	`MortgageLoansOnRealEstate`	$460.63M	USD	Point-in-time
Mortgages receivable	`MortgageLoansOnRealEstate`	$292.30M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.90M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.90M	shares	Point-in-time
Interest and fees receivable	`InterestReceivable`	$6.31M	USD	Point-in-time
Interest and fees receivable	`InterestReceivable`	$3.69M	USD	Point-in-time
Due from borrowers	`DueFromAffiliates`	$3.67M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Due from borrowers	`DueFromAffiliates`	$5.28M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Real estate owned	`RealEstateInvestmentsOwned`	$5.22M	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	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 issued	`CommonStockSharesIssued`	32.73M	shares	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	41.09M	shares	Point-in-time
Investments in partnerships	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$6.06M	USD	Point-in-time
Investments in partnerships	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$30.83M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.17M	USD	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	41.09M	shares	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	32.73M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.12M	USD	Point-in-time
Other assets	`OtherAssets`	$4.98M	USD	Point-in-time
Other assets	`OtherAssets`	$936.29K	USD	Point-in-time
Total assets	`Assets`	$565.66M	USD	Point-in-time
Total assets	`Assets`	$417.96M	USD	Point-in-time
Notes payable (net of deferred financing costs of $8,352,597 and $5,747,387)	`UnsecuredDebt`	$280.05M	USD	Point-in-time
Notes payable (net of deferred financing costs of $8,352,597 and $5,747,387)	`UnsecuredDebt`	$160.53M	USD	Point-in-time
Repurchase facility	`AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability`	$42.53M	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`	$3.59M	USD	Point-in-time
Line of credit	`LineOfCredit`	$33.18M	USD	Point-in-time
Accrued dividends payable	`DividendsPayableCurrentAndNoncurrent`	$5.34M	USD	Point-in-time
Accrued dividends payable	`DividendsPayableCurrentAndNoncurrent`	$3.93M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$1.44M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$697.40K	USD	Point-in-time
Advances from borrowers	`AdvancePaymentsByBorrowersForTaxesAndInsurance`	$9.89M	USD	Point-in-time
Advances from borrowers	`AdvancePaymentsByBorrowersForTaxesAndInsurance`	$15.07M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$4.36M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$4.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$347.95M	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; 200,000,000 shares authorized; 41,093,536 and 32,730,004 issued and outstanding	`CommonStockValue`	$32.73K	USD	Point-in-time
Common stock - $.001 par value; 200,000,000 shares authorized; 41,093,536 and 32,730,004 issued and outstanding	`CommonStockValue`	$41.09K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$185.52M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$226.22M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-476.02K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-561.49K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.99M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$217.71M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$180.08M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$565.66M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$417.96M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestIncomeDebtSecuritiesOperating`	$42.62M	USD	Annual
Interest income from loans	`InterestIncomeDebtSecuritiesOperating`	$22.31M	USD	Annual
Investment gain (loss), net	`GainLossOnSaleOfInvestments`	$521.66K	USD	Annual
Investment gain (loss), net	`GainLossOnSaleOfInvestments`	$1.07M	USD	Annual
Income from partnership investments	`EquitySecuritiesFvNiGainLoss`	$1.81M	USD	Annual
Income from partnership investments	`EquitySecuritiesFvNiGainLoss`	$142.03K	USD	Annual
Origination and modification fees, net	`OriginationAndModificationsFeesNet`	$4.32M	USD	Annual
Origination and modification fees, net	`OriginationAndModificationsFeesNet`	$7.32M	USD	Annual
Fee and other income	`InterestAndFeeIncomeOtherLoans`	$2.97M	USD	Annual
Fee and other income	`InterestAndFeeIncomeOtherLoans`	$2.30M	USD	Annual
Unrealized losses on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$-2.96M	USD	Annual
Unrealized losses on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$284.77K	USD	Annual
Total revenue	`Revenues`	$30.42M	USD	Annual
Total revenue	`Revenues`	$52.28M	USD	Annual
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$21.55M	USD	Annual
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$10.42M	USD	Annual
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$3.12M	USD	Annual
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$5.32M	USD	Annual
Other expenses	`OtherExpenses`	$544.68K	USD	Annual
Other expenses	`OtherExpenses`	$432.87K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.24M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.10M	USD	Annual
Loss (Gain) on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$165.91K	USD	Annual
Loss (Gain) on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$-44.75K	USD	Annual
Impairment loss	`AssetImpairmentCharges`	$904.91K	USD	Annual
Impairment loss	`AssetImpairmentCharges`	$719.00K	USD	Annual
Total operating costs and expenses	`CostsAndExpenses`	$31.37M	USD	Annual
Total operating costs and expenses	`CostsAndExpenses`	$17.11M	USD	Annual
Net income	`NetIncomeLoss`	$20.91M	USD	Annual
Net income	`NetIncomeLoss`	$13.32M	USD	Annual
Preferred stock dividend	`DividendsPreferredStock`	$1.85M	USD	Annual
Preferred stock dividend	`DividendsPreferredStock`	$3.69M	USD	Annual
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.46M	USD	Annual
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$17.22M	USD	Annual
Unrealized gain (loss) on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$-85.47K	USD	Annual
Unrealized gain (loss) on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$-476.02K	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.99M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$17.14M	USD	Annual
Basic	`EarningsPerShareBasic`	$0.44	USD	Annual
Basic	`EarningsPerShareBasic`	$0.46	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.46	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.44	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.74M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.32M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.32M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.75M	shares	Annual

Cash Flow Statement 95 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$20.91M	USD	Annual
Net income	`ProfitLoss`	$13.32M	USD	Annual
Amortization of deferred financing costs and bond discount	`AmortizationOfFinancingCosts`	$2.10M	USD	Annual
Amortization of deferred financing costs and bond discount	`AmortizationOfFinancingCosts`	$1.22M	USD	Annual
Write-off of deferred financing costs	`WriteOffOfDeferredFinancingCosts`	$72.81K	USD	Annual
Real estate acquired in connection with the foreclosure of certain mortgages, inclusive of interest and other fees receivable	`RealEstateAcquiredThroughForeclosure`	$1.38M	USD	Point-in-time
Depreciation expense	`Depreciation`	$106.41K	USD	Annual
Depreciation expense	`Depreciation`	$83.53K	USD	Annual
Real estate acquired in connection with the foreclosure of certain mortgages, inclusive of interest and other fees receivable	`RealEstateAcquiredThroughForeclosure`	$685.70K	USD	Point-in-time
Stock based compensation	`ShareBasedCompensation`	$495.01K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$191.32K	USD	Annual
Impairment loss	`GoodwillImpairmentLoss`	$904.91K	USD	Annual
Impairment loss	`GoodwillImpairmentLoss`	$719.00K	USD	Annual
(Gain) Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$-165.91K	USD	Annual
(Gain) Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$44.75K	USD	Annual
Unrealized loss on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$-2.96M	USD	Annual
Unrealized loss on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$284.77K	USD	Annual
Gain on sale of investment securities	`MarketableSecuritiesRealizedGainLoss`	$521.66K	USD	Annual
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$2.62M	USD	Annual
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$1.87M	USD	Annual
Other assets - miscellaneous	`IncreaseDecreaseInOtherReceivables`	$26.80K	USD	Annual
Other assets - miscellaneous	`IncreaseDecreaseInOtherReceivables`	$3.60M	USD	Annual
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$1.61M	USD	Annual
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$1.65M	USD	Annual
Accrued dividends payable	`IncreaseDecreaseInAccruedDividendsPayable`	$-1.41M	USD	Annual
Other assets - prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$199.98K	USD	Annual
Accounts payable and accrued liabilities -accrued interest	`IncreaseDecreaseInInterestPayableNet`	$161.38K	USD	Annual
Accounts payable and accrued liabilities -accrued interest	`IncreaseDecreaseInInterestPayableNet`	$158.69K	USD	Annual
Accounts payable and accrued liabilities - accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$129.09K	USD	Annual
Accounts payable and accrued liabilities - accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$766.72K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$2.54M	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-283.04K	USD	Annual
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$-5.17M	USD	Annual
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$13.24M	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$14.49M	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-7.76M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$27.81M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$13.15M	USD	Annual
Purchase of investment securities	`PaymentsToAcquireMarketableSecurities`	$204.06M	USD	Annual
Purchase of investment securities	`PaymentsToAcquireMarketableSecurities`	$51.65M	USD	Annual
Proceeds from the sale of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$85.11M	USD	Annual
Proceeds from the sale of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$180.53M	USD	Annual
Purchase of interests in investment partnerships, net	`PaymentsToAcquireLimitedPartnershipInterests`	$24.78M	USD	Annual
Purchase of interests in investment partnerships, net	`PaymentsToAcquireLimitedPartnershipInterests`	$6.06M	USD	Annual
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$2.40M	USD	Annual
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$2.09M	USD	Annual
Acquisitions of and improvements to real estate owned, net	`PaymentsToAcquireRealEstateHeldForInvestment`	$126.44K	USD	Annual
Acquisitions of and improvements to real estate owned, net	`PaymentsToAcquireRealEstateHeldForInvestment`	$981.87K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.58M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$822.32K	USD	Annual
Security deposits held	`PaymentsForProceedsFromOtherDeposits`	$13.41K	USD	Annual
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$251.83M	USD	Annual
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$300.28M	USD	Annual
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortgageReceivable`	$131.84M	USD	Annual
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortgageReceivable`	$115.15M	USD	Annual
Other assets - pre-offering costs	`OtherAssetsPreOfferingCosts`	$170.61K	USD	Annual
Other assets - pre-offering costs	`OtherAssetsPreOfferingCosts`	$306.44K	USD	Annual
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-159.54M	USD	Annual
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-166.00M	USD	Annual
Net proceeds from (repayment of) line of credit	`ProceedsFromLinesOfCredits`	$5.12M	USD	Annual
Net proceeds from (repayment of) line of credit	`ProceedsFromLinesOfCredits`	$-29.59M	USD	Annual
Net proceeds from repurchase facility	`ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase`	$23.45M	USD	Annual
Net proceeds from repurchase facility	`ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase`	$19.09M	USD	Annual
Proceeds from mortgage	`ProceedsFromIssuanceOfFirstMortgageBond`	$750.00K	USD	Annual
Repayment of mortgage payable	`RepaymentsOfFirstMortgageBond`	$767.51K	USD	Annual
Accounts payable and accrued liabilities - principal payments on other notes	`RepaymentsOfNotesPayable`	$23.76K	USD	Annual
Accounts payable and accrued liabilities - principal payments on other notes	`RepaymentsOfNotesPayable`	$24.91K	USD	Annual
Dividends paid on Common Stock	`PaymentsOfDividendsCommonStock`	$12.27M	USD	Annual
Dividends paid on Common Stock	`PaymentsOfDividendsCommonStock`	$18.81M	USD	Annual
Dividends paid on Preferred Stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$3.69M	USD	Annual
Dividends paid on Preferred Stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.85M	USD	Annual
Financings costs incurred	`PaymentsOfFinancingCosts`	$461.36K	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 common shares, net of expenses	`ProceedsFromIssuanceOfCommonStock`	$39.29M	USD	Annual
Proceeds from issuance of Series A Preferred Stock, net of expenses	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$45.46M	USD	Annual
Proceeds from issuance of Series A Preferred Stock, net of expenses	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$-70.00K	USD	Annual
Gross proceeds from issuance of fixed rate notes	`ProceedsFromIssuanceOfFixedRateNotes`	$122.12M	USD	Annual
Gross proceeds from issuance of fixed rate notes	`ProceedsFromIssuanceOfFixedRateNotes`	$51.75M	USD	Annual
Financings costs incurred in connection with fixed rate notes	`FinancingCostsIncurredInConnectionWithFixedRateNotes`	$1.88M	USD	Annual
Financings costs incurred in connection with fixed rate notes	`FinancingCostsIncurredInConnectionWithFixedRateNotes`	$4.52M	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$128.16M	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$160.72M	USD	Annual
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-18.23M	USD	Annual
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$22.53M	USD	Annual
CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.71M	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`	$41.94M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.71M	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`	$41.94M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$9.10M	USD	Annual
Interest paid	`InterestPaidNet`	$19.29M	USD	Annual
Dividends declared and payable	`DividendsDeclaredAndPayable`	$3.93M	USD	Annual
Dividends declared and payable	`DividendsDeclaredAndPayable`	$5.34M	USD	Annual

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`MembersEquity`	$80.92M	USD	Point-in-time
Beginning balance	`MembersEquity`	$217.71M	USD	Point-in-time
Beginning balance	`MembersEquity`	$180.08M	USD	Point-in-time
Issuance of Preferred Stock, Net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$45.46M	USD	Annual
Issuance of Preferred Stock, Net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$-70.00K	USD	Annual
Issuance of Common Stock, Net of expenses	`StockIssuedDuringPeriodValueOther`	$39.29M	USD	Annual
Issuance of Common Stock, Net of expenses	`StockIssuedDuringPeriodValueOther`	$56.06M	USD	Annual
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$495.01K	USD	Annual
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$191.43K	USD	Annual
Unrealized loss on investments	`UnrealizedGainLossOnInvestments`	$-85.47K	USD	Annual
Unrealized loss on investments	`UnrealizedGainLossOnInvestments`	$-450.02K	USD	Annual
Dividends paid on Common shares	`DividendsCommonStock`	$9.64M	USD	Annual
Dividends paid on Common shares	`DividendsCommonStock`	$14.88M	USD	Annual
Dividends paid on Series A Preferred Stock	`DividendsPreferredStock`	$1.85M	USD	Annual
Dividends paid on Series A Preferred Stock	`DividendsPreferredStock`	$3.69M	USD	Annual
Dividends declared and payable	`DividendsCommonStockCash`	$3.93M	USD	Annual
Acquisition of Urbane New Haven assets	`StockIssuedDuringPeriodValueAcquisitions`	$996.00K	USD	Annual
Accrued Dividends	`AccruedDividends`	$-5.34M	USD	Annual
Net income for the year	`NetIncomeLoss`	$20.91M	USD	Annual
Net income for the year	`NetIncomeLoss`	$13.32M	USD	Annual
Balance	`MembersEquity`	$80.92M	USD	Point-in-time
Balance	`MembersEquity`	$217.71M	USD	Point-in-time
Balance	`MembersEquity`	$180.08M	USD	Point-in-time

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