10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001410578-23-001166 |
| Period End Date | 20230331 |
| Filing Date | 20230515 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | sach-20230331x10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
73 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$20.33M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$23.71M | USD | Point-in-time |
| Investment securities |
MarketableSecuritiesCurrent
|
$35.84M | USD | Point-in-time |
| Investment securities |
MarketableSecuritiesCurrent
|
$24.58M | USD | Point-in-time |
| Mortgages receivable, net |
MortgageLoansOnRealEstate
|
$476.47M | USD | Point-in-time |
| Mortgages receivable, net |
MortgageLoansOnRealEstate
|
$460.63M | USD | Point-in-time |
| Interest and fees receivable, net |
InterestReceivable
|
$6.65M | USD | Point-in-time |
| Interest and fees receivable, net |
InterestReceivable
|
$6.31M | USD | Point-in-time |
| Due from borrowers, net |
DueFromAffiliates
|
$6.04M | USD | Point-in-time |
| Due from borrowers, net |
DueFromAffiliates
|
$5.28M | USD | Point-in-time |
| Deferred financing costs |
DeferredFinanceCostsNet
|
$7.79M | USD | Point-in-time |
| Deferred financing costs |
DeferredFinanceCostsNet
|
$8.35M | USD | Point-in-time |
| Real estate owned |
RealEstateInvestmentsOwned
|
$6.14M | USD | Point-in-time |
| Preferred stock, par value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Real estate owned |
RealEstateInvestmentsOwned
|
$5.22M | USD | Point-in-time |
| Preferred stock, par value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Investments in partnerships |
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
|
$30.83M | 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 |
| Investments in partnerships |
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
|
$35.32M | USD | Point-in-time |
| Preferred stock, shares issued |
PreferredStockSharesIssued
|
1.91M | shares | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$4.12M | USD | Point-in-time |
| Preferred stock, shares issued |
PreferredStockSharesIssued
|
1.90M | shares | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$4.79M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$5.42M | USD | Point-in-time |
| Preferred stock, shares outstanding |
PreferredStockSharesOutstanding
|
1.90M | shares | Point-in-time |
| Preferred stock, shares outstanding |
PreferredStockSharesOutstanding
|
1.91M | shares | Point-in-time |
| Other assets |
OtherAssets
|
$4.98M | USD | Point-in-time |
| Total assets |
Assets
|
$597.00M | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Total assets |
Assets
|
$565.66M | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | 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 |
| Common shares, shares issued |
CommonStockSharesIssued
|
43.76M | shares | Point-in-time |
| Common shares, shares issued |
CommonStockSharesIssued
|
41.09M | shares | Point-in-time |
| Common shares, shares outstanding |
CommonStockSharesOutstanding
|
41.09M | shares | Point-in-time |
| Common shares, shares outstanding |
CommonStockSharesOutstanding
|
43.76M | shares | Point-in-time |
| Notes payable (net of deferred financing costs of $7,793,640 and $8,352,597) |
UnsecuredDebt
|
$280.61M | USD | Point-in-time |
| Notes payable (net of deferred financing costs of $7,793,640 and $8,352,597) |
UnsecuredDebt
|
$280.05M | USD | Point-in-time |
| Repurchase facility |
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
|
$54.06M | USD | Point-in-time |
| Repurchase facility |
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
|
$42.53M | USD | Point-in-time |
| Mortgage payable |
MortgagePayable
|
$1.66M | USD | Point-in-time |
| Mortgage payable |
MortgagePayable
|
$750.00K | USD | Point-in-time |
| Line of credit |
LineOfCredit
|
$13.67M | USD | Point-in-time |
| Line of credit |
LineOfCredit
|
$3.59M | USD | Point-in-time |
| Accrued dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$5.34M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$2.01M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$1.44M | USD | Point-in-time |
| Advances from borrowers |
AdvancePaymentsByBorrowersForTaxesAndInsurance
|
$9.89M | USD | Point-in-time |
| Advances from borrowers |
AdvancePaymentsByBorrowersForTaxesAndInsurance
|
$11.31M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenue
|
$4.36M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenue
|
$4.68M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$368.00M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$347.95M | USD | Point-in-time |
| Commitments and Contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and Contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Preferred shares - $0.001 par value; 5,000,000 shares authorized; 2,903,000 shares designated as Series A Preferred Stock; 1,909,187 and 1,903,000 shares of Series A Preferred Stock issued and outstanding at March 31, 2023 and December 31, 2022, respectively |
PreferredStockValue
|
$1.91K | USD | Point-in-time |
| Preferred shares - $0.001 par value; 5,000,000 shares authorized; 2,903,000 shares designated as Series A Preferred Stock; 1,909,187 and 1,903,000 shares of Series A Preferred Stock issued and outstanding at March 31, 2023 and December 31, 2022, respectively |
PreferredStockValue
|
$1.90K | USD | Point-in-time |
| Common shares - $0.001 par value; 200,000,000 shares authorized; 43,756,724 and 41,093,536 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively |
CommonStockValue
|
$41.09K | USD | Point-in-time |
| Common shares - $0.001 par value; 200,000,000 shares authorized; 43,756,724 and 41,093,536 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively |
CommonStockValue
|
$43.76K | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapital
|
$235.71M | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapital
|
$226.22M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-469.85K | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-561.49K | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-8.00M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-6.29M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$217.71M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$199.41M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$229.00M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$180.08M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$597.00M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$565.66M | USD | Point-in-time |
Income Statement
48 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Interest income from loans |
InterestIncomeDebtSecuritiesOperating
|
$10.98M | USD | 1 Quarter |
| Interest income from loans |
InterestIncomeDebtSecuritiesOperating
|
$8.51M | USD | 1 Quarter |
| Investment gain, net |
GainLossOnSaleOfInvestments
|
$117.34K | USD | 1 Quarter |
| Investment gain, net |
GainLossOnSaleOfInvestments
|
$274.80K | USD | 1 Quarter |
| Income from partnership investments |
EquitySecuritiesFvNiGainLoss
|
$272.49K | USD | 1 Quarter |
| Income from partnership investments |
EquitySecuritiesFvNiGainLoss
|
$549.72K | USD | 1 Quarter |
| Origination and modification fees, net |
OriginationAndModificationsFeesNet
|
$1.48M | USD | 1 Quarter |
| Origination and modification fees, net |
OriginationAndModificationsFeesNet
|
$1.84M | USD | 1 Quarter |
| Fee and other income |
InterestAndFeeIncomeOtherLoans
|
$608.56K | USD | 1 Quarter |
| Fee and other income |
InterestAndFeeIncomeOtherLoans
|
$707.61K | USD | 1 Quarter |
| Unrealized gain (loss) on investment securities |
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
|
$-1.05M | USD | 1 Quarter |
| Unrealized gain (loss) on investment securities |
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
|
$716.39K | USD | 1 Quarter |
| Total revenue |
Revenues
|
$10.30M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$14.71M | USD | 1 Quarter |
| Interest and amortization of deferred financing costs |
InterestAndAmortizationOfDebtServiceCosts
|
$6.87M | USD | 1 Quarter |
| Interest and amortization of deferred financing costs |
InterestAndAmortizationOfDebtServiceCosts
|
$3.90M | USD | 1 Quarter |
| Compensation, fees and taxes |
CompensationFeesAndTaxes
|
$993.96K | USD | 1 Quarter |
| Compensation, fees and taxes |
CompensationFeesAndTaxes
|
$1.78M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$898.12K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$631.95K | USD | 1 Quarter |
| Other expenses |
OtherExpenses
|
$99.27K | USD | 1 Quarter |
| Other expenses |
OtherExpenses
|
$83.72K | USD | 1 Quarter |
| (Gain) Loss on sale of real estate |
GainLossOnSaleOfRealEstateProperties
|
$-148.10K | USD | 1 Quarter |
| (Gain) Loss on sale of real estate |
GainLossOnSaleOfRealEstateProperties
|
$65.84K | USD | 1 Quarter |
| Allowance for credit losses |
ProvisionForDoubtfulAccounts
|
$105.00K | USD | 1 Quarter |
| Allowance for credit losses |
ProvisionForDoubtfulAccounts
|
$101.52K | USD | 1 Quarter |
| Impairment loss |
AssetImpairmentCharges
|
$155.50K | USD | 1 Quarter |
| Impairment loss |
AssetImpairmentCharges
|
- | USD | 1 Quarter |
| Total operating costs and expenses |
CostsAndExpenses
|
$5.95M | USD | 1 Quarter |
| Total operating costs and expenses |
CostsAndExpenses
|
$9.59M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$4.35M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$5.12M | USD | 1 Quarter |
| Series A Preferred Stock dividend |
DividendsPreferredStock
|
$921.77K | USD | 1 Quarter |
| Series A Preferred Stock dividend |
DividendsPreferredStock
|
$924.76K | USD | 1 Quarter |
| Net income attributable to common shareholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$4.20M | USD | 1 Quarter |
| Net income attributable to common shareholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$3.43M | USD | 1 Quarter |
| Unrealized gain on investment securities |
OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax
|
$91.64K | USD | 1 Quarter |
| Unrealized gain on investment securities |
OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax
|
$242.81K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$3.67M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$4.29M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.10 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.10 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.10 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.10 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
34.89M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
42.79M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
34.90M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
42.79M | shares | 1 Quarter |
Cash Flow Statement
88 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
|
$1.19M | USD | Point-in-time |
| Net income |
ProfitLoss
|
$5.12M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$4.35M | USD | 1 Quarter |
| Amortization of deferred financing costs and bond discount |
AmortizationOfFinancingCosts
|
$469.25K | USD | 1 Quarter |
| Amortization of deferred financing costs and bond discount |
AmortizationOfFinancingCosts
|
$600.22K | USD | 1 Quarter |
| Depreciation expense |
Depreciation
|
$22.24K | USD | 1 Quarter |
| Depreciation expense |
Depreciation
|
$40.13K | USD | 1 Quarter |
| Stock based compensation |
ShareBasedCompensation
|
$173.31K | USD | 1 Quarter |
| Stock based compensation |
ShareBasedCompensation
|
$106.88K | USD | 1 Quarter |
| Allowance for credit losses |
ProvisionForDoubtfulAccounts
|
$105.00K | USD | 1 Quarter |
| Allowance for credit losses |
ProvisionForDoubtfulAccounts
|
$101.52K | USD | 1 Quarter |
| Impairment loss |
GoodwillImpairmentLoss
|
$155.50K | USD | 1 Quarter |
| (Gain) loss on sale of real estate |
GainsLossesOnSalesOfInvestmentRealEstate
|
$148.10K | USD | 1 Quarter |
| (Gain) loss on sale of real estate |
GainsLossesOnSalesOfInvestmentRealEstate
|
$-65.84K | USD | 1 Quarter |
| Unrealized loss on investment securities |
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
|
$-1.05M | USD | 1 Quarter |
| Unrealized loss on investment securities |
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
|
$716.39K | USD | 1 Quarter |
| (Gain) loss on sale of investment securities |
MarketableSecuritiesRealizedGainLoss
|
$275.88K | USD | 1 Quarter |
| (Gain) loss on sale of investment securities |
MarketableSecuritiesRealizedGainLoss
|
$-154.13K | USD | 1 Quarter |
| Interest and fees receivable |
IncreaseDecreaseInInterestAndFeesReceivable
|
$366.19K | USD | 1 Quarter |
| Interest and fees receivable |
IncreaseDecreaseInInterestAndFeesReceivable
|
$395.92K | USD | 1 Quarter |
| Other assets - miscellaneous |
IncreaseDecreaseInOtherReceivables
|
$210.69K | USD | 1 Quarter |
| Other assets - miscellaneous |
IncreaseDecreaseInOtherReceivables
|
$499.65K | USD | 1 Quarter |
| Due from borrowers |
IncreaseDecreaseInFinanceReceivables
|
$783.30K | USD | 1 Quarter |
| Due from borrowers |
IncreaseDecreaseInFinanceReceivables
|
$292.30K | USD | 1 Quarter |
| Other assets - prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$-9.96K | USD | 1 Quarter |
| Other assets - prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$-42.22K | USD | 1 Quarter |
| Accounts payable and accrued liabilities - accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$95.22K | USD | 1 Quarter |
| Accounts payable and accrued liabilities - accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$121.91K | USD | 1 Quarter |
| Accounts payable and accrued liabilities - accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-84.74K | USD | 1 Quarter |
| Accounts payable and accrued liabilities - accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$10.72K | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$232.79K | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$320.61K | USD | 1 Quarter |
| Advances from borrowers |
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
|
$1.56M | USD | 1 Quarter |
| Advances from borrowers |
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
|
$1.42M | USD | 1 Quarter |
| Total adjustments |
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$-110.83K | USD | 1 Quarter |
| Total adjustments |
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$3.20M | USD | 1 Quarter |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
NetCashProvidedByUsedInOperatingActivities
|
$5.01M | USD | 1 Quarter |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
NetCashProvidedByUsedInOperatingActivities
|
$7.56M | USD | 1 Quarter |
| Purchase of investment securities |
PaymentsToAcquireMarketableSecurities
|
$27.55M | USD | 1 Quarter |
| Purchase of investment securities |
PaymentsToAcquireMarketableSecurities
|
$13.97M | USD | 1 Quarter |
| Proceeds from the sale of investment securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$51.71M | USD | 1 Quarter |
| Proceeds from the sale of investment securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$3.78M | USD | 1 Quarter |
| Purchase of interests in investment partnerships, net |
PaymentsToAcquireLimitedPartnershipInterests
|
$4.49M | USD | 1 Quarter |
| Purchase of interests in investment partnerships, net |
PaymentsToAcquireLimitedPartnershipInterests
|
$11.36M | USD | 1 Quarter |
| Proceeds from sale of real estate owned |
PaymentsForProceedsFromRealEstateHeldforinvestment
|
$-515.14K | USD | 1 Quarter |
| Proceeds from sale of real estate owned |
PaymentsForProceedsFromRealEstateHeldforinvestment
|
$-622.74K | USD | 1 Quarter |
| Acquisitions of and improvements to real estate owned, net |
PaymentsToAcquireRealEstateHeldForInvestments
|
$177.34K | USD | 1 Quarter |
| Acquisitions of and improvements to real estate owned, net |
PaymentsToAcquireRealEstateHeldForInvestments
|
$103.14K | USD | 1 Quarter |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.66K | USD | 1 Quarter |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$710.88K | USD | 1 Quarter |
| Principal disbursements for mortgages receivable |
PaymentsToAcquireMortgageReceivable
|
$88.74M | USD | 1 Quarter |
| Principal disbursements for mortgages receivable |
PaymentsToAcquireMortgageReceivable
|
$58.88M | USD | 1 Quarter |
| Principal collections on mortgages receivable |
ProceedsFromCollectionOfMortgageReceivable
|
$39.88M | USD | 1 Quarter |
| Principal collections on mortgages receivable |
ProceedsFromCollectionOfMortgageReceivable
|
$27.11M | USD | 1 Quarter |
| Other assets - pre-offering costs |
OtherAssetsPreOfferingCosts
|
$57.77K | USD | 1 Quarter |
| Other assets - pre-offering costs |
OtherAssetsPreOfferingCosts
|
$-25.11K | USD | 1 Quarter |
| NET CASH USED FOR INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivities
|
$-48.44M | USD | 1 Quarter |
| NET CASH USED FOR INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivities
|
$-33.96M | USD | 1 Quarter |
| Net proceeds from (repayment of) line of credit |
ProceedsFromLinesOfCredits
|
$-9.90M | USD | 1 Quarter |
| Net proceeds from (repayment of) line of credit |
ProceedsFromLinesOfCredits
|
$10.09M | USD | 1 Quarter |
| Net proceeds from repurchase facility |
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
|
$7.86M | USD | 1 Quarter |
| Net proceeds from repurchase facility |
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
|
$11.52M | USD | 1 Quarter |
| Proceeds from mortgage |
ProceedsFromIssuanceOfFirstMortgageBond
|
$910.00K | USD | 1 Quarter |
| Accounts payable and accrued liabilities - principal payments on other notes |
RepaymentsOfNotesPayable
|
$6.63K | USD | 1 Quarter |
| Accounts payable and accrued liabilities - principal payments on other notes |
RepaymentsOfNotesPayable
|
$4.25K | USD | 1 Quarter |
| Dividends paid on Common Stock |
PaymentsOfDividendsCommonStock
|
$3.93M | USD | 1 Quarter |
| Dividends paid on Common Stock |
PaymentsOfDividendsCommonStock
|
$5.34M | USD | 1 Quarter |
| Dividends paid on Series A Preferred Stock |
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
$921.77K | USD | 1 Quarter |
| Dividends paid on Series A Preferred Stock |
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
$924.76K | USD | 1 Quarter |
| Proceeds from issuance of common shares, net of expenses |
ProceedsFromIssuanceOfCommonStock
|
$9.18M | USD | 1 Quarter |
| Proceeds from issuance of common shares, net of expenses |
ProceedsFromIssuanceOfCommonStock
|
$15.55M | USD | 1 Quarter |
| Proceeds from issuance of Series A Preferred Stock, net of expenses |
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
$136.70K | USD | 1 Quarter |
| Gross proceeds from issuance of fixed rate notes |
ProceedsFromIssuanceOfFixedRateNotes
|
$50.00M | USD | 1 Quarter |
| Financings costs incurred in connection with fixed rate notes |
FinancingCostsIncurredInConnectionWithFixedRateNotes
|
$1.84M | USD | 1 Quarter |
| NET CASH PROVIDED BY FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivities
|
$56.81M | USD | 1 Quarter |
| NET CASH PROVIDED BY FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivities
|
$25.57M | USD | 1 Quarter |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-3.38M | USD | 1 Quarter |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$15.92M | USD | 1 Quarter |
| CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$57.86M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$20.33M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$23.71M | 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
|
$57.86M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS - END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$20.33M | 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
|
$41.94M | USD | Point-in-time |
| Interest paid |
InterestPaidNet
|
$6.19M | USD | 1 Quarter |
| Interest paid |
InterestPaidNet
|
$3.31M | USD | 1 Quarter |
Stockholders Equity
20 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquity
|
$217.71M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$199.41M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$229.00M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$180.08M | USD | Point-in-time |
| Cumulative effect of change in accounting principle - Adoption of ASU 2016-13 (Note 2) |
AdjustmentToAccumulatedDeficit
|
$2.49M | USD | 1 Quarter |
| Issuance of Series A Preferred Stock, net of expenses |
StockIssuedDuringPeriodValueNewIssues
|
$136.71K | USD | 1 Quarter |
| Issuance of common shares, net of expenses |
StockIssuedDuringPeriodValueOther
|
$15.55M | USD | 1 Quarter |
| Issuance of common shares, net of expenses |
StockIssuedDuringPeriodValueOther
|
$9.18M | USD | 1 Quarter |
| Stock based compensation |
StockGrantedDuringPeriodValueSharebasedCompensation
|
$106.88K | USD | 1 Quarter |
| Stock based compensation |
StockGrantedDuringPeriodValueSharebasedCompensation
|
$173.31K | USD | 1 Quarter |
| Unrealized gain on investments |
UnrealizedGainLossOnInvestments
|
$91.64K | USD | 1 Quarter |
| Unrealized gain on marketable securities |
MarketableSecuritiesUnrealizedGainLoss
|
$242.81K | USD | 1 Quarter |
| Series A Preferred Stock dividend |
DividendsPreferredStock
|
$921.77K | USD | 1 Quarter |
| Series A Preferred Stock dividend |
DividendsPreferredStock
|
$924.76K | USD | 1 Quarter |
| Net income for the year |
NetIncomeLoss
|
$4.35M | USD | 1 Quarter |
| Net income for the year |
NetIncomeLoss
|
$5.12M | USD | 1 Quarter |
| Ending Balance |
StockholdersEquity
|
$217.71M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$199.41M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$229.00M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$180.08M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.