10-Q Filing

Sachem Capital Corp. CIK: 1682220 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001410578-23-002412`
Period End Date	20230930
Filing Date	20231113
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	sach-20230930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 95 Cash Flow Statement 96 Stockholders Equity 40

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.81M	USD	Point-in-time
Investment securities	`MarketableSecuritiesCurrent`	$37.04M	USD	Point-in-time
Investment securities	`MarketableSecuritiesCurrent`	$24.58M	USD	Point-in-time
Mortgages receivable, net	`MortgageLoansOnRealEstate`	$460.63M	USD	Point-in-time
Mortgages receivable, net	`MortgageLoansOnRealEstate`	$495.92M	USD	Point-in-time
Investments in partnerships	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$30.83M	USD	Point-in-time
Investments in partnerships	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$39.96M	USD	Point-in-time
Interest and fees receivable	`InterestReceivable`	$7.92M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$8.35M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$6.64M	USD	Point-in-time
Interest and fees receivable	`InterestReceivable`	$6.31M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Due from borrowers	`DueFromBorrowers`	$7.42M	USD	Point-in-time
Due from borrowers	`DueFromBorrowers`	$5.28M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Real estate owned	`RealEstateInvestmentPropertyAtCost`	$3.48M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Real estate owned	`RealEstateInvestmentPropertyAtCost`	$5.22M	USD	Point-in-time
Investments in rental real estate, net	`InvestmentsInRentalRealEstateNet`	$10.43M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.43M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.12M	USD	Point-in-time
Other assets	`OtherAssets`	$6.43M	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
Other assets	`OtherAssets`	$4.98M	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total assets	`Assets`	$565.66M	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total assets	`Assets`	$637.85M	USD	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	45.36M	shares	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	41.09M	shares	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	45.36M	shares	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	41.09M	shares	Point-in-time
Unsecured notes payable (net of deferred financing costs of $6,641,817 and $8,352,597)	`UnsecuredDebt`	$281.76M	USD	Point-in-time
Unsecured notes payable (net of deferred financing costs of $6,641,817 and $8,352,597)	`UnsecuredDebt`	$280.05M	USD	Point-in-time
Repurchase facility	`AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability`	$47.93M	USD	Point-in-time
Repurchase facility	`AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability`	$42.53M	USD	Point-in-time
Mortgage payable	`MortgagePayable`	$1.10M	USD	Point-in-time
Mortgage payable	`MortgagePayable`	$750.00K	USD	Point-in-time
Line of credit	`LineOfCredit`	$51.34M	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`	$2.06M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$1.44M	USD	Point-in-time
Advances from borrowers	`AdvancePaymentsByBorrowersForTaxesAndInsurance`	$12.51M	USD	Point-in-time
Advances from borrowers	`AdvancePaymentsByBorrowersForTaxesAndInsurance`	$9.89M	USD	Point-in-time
Below-market lease intangible	`BelowMarketLeaseIntangibleLiabilities`	$664.74K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$4.36M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$4.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$347.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$402.32M	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; 2,903,000 shares designated as Series A Preferred Stock; 1,996,000 and 1,903,000 shares of Series A Preferred Stock issued and outstanding at September 30, 2023 and December 31, 2022, respectively	`PreferredStockValue`	$1.90K	USD	Point-in-time
Preferred shares - $.001 par value; 5,000,000 shares authorized; 2,903,000 shares designated as Series A Preferred Stock; 1,996,000 and 1,903,000 shares of Series A Preferred Stock issued and outstanding at September 30, 2023 and December 31, 2022, respectively	`PreferredStockValue`	$2.00K	USD	Point-in-time
Common shares - $.001 par value; 200,000,000 shares authorized; 45,364,429 and 41,093,536 issued and outstanding at September 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$41.09K	USD	Point-in-time
Common shares - $.001 par value; 200,000,000 shares authorized; 45,364,429 and 41,093,536 issued and outstanding at September 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$45.36K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$243.83M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$226.22M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-561.49K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-459.68K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.89M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$180.08M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$205.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$217.71M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$235.53M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$229.04M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$219.30M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$565.66M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$637.85M	USD	Point-in-time

Income Statement 95 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestIncomeDebtSecuritiesOperating`	$37.16M	USD	3 Qtrs
Interest income from loans	`InterestIncomeDebtSecuritiesOperating`	$14.27M	USD	1 Quarter
Interest income from loans	`InterestIncomeDebtSecuritiesOperating`	$30.49M	USD	3 Qtrs
Interest income from loans	`InterestIncomeDebtSecuritiesOperating`	$11.55M	USD	1 Quarter
Investment gain, net	`GainLossOnSaleOfInvestments`	$586.17K	USD	3 Qtrs
Investment gain, net	`GainLossOnSaleOfInvestments`	$284.84K	USD	1 Quarter
Investment gain, net	`GainLossOnSaleOfInvestments`	$893.51K	USD	3 Qtrs
Investment gain, net	`GainLossOnSaleOfInvestments`	$238.22K	USD	1 Quarter
Income from partnership investments	`EquitySecuritiesFvNiGainLoss`	$523.07K	USD	1 Quarter
Income from partnership investments	`EquitySecuritiesFvNiGainLoss`	$781.53K	USD	1 Quarter
Income from partnership investments	`EquitySecuritiesFvNiGainLoss`	$2.34M	USD	3 Qtrs
Income from partnership investments	`EquitySecuritiesFvNiGainLoss`	$1.11M	USD	3 Qtrs
Origination and modification fees, net	`OriginationAndModificationsFeesNet`	$5.76M	USD	3 Qtrs
Origination and modification fees, net	`OriginationAndModificationsFeesNet`	$1.67M	USD	1 Quarter
Origination and modification fees, net	`OriginationAndModificationsFeesNet`	$1.19M	USD	1 Quarter
Origination and modification fees, net	`OriginationAndModificationsFeesNet`	$4.43M	USD	3 Qtrs
Fee and other income	`InterestAndFeeIncomeOtherLoans`	$3.52M	USD	3 Qtrs
Fee and other income	`InterestAndFeeIncomeOtherLoans`	$641.75K	USD	1 Quarter
Fee and other income	`InterestAndFeeIncomeOtherLoans`	$2.05M	USD	3 Qtrs
Fee and other income	`InterestAndFeeIncomeOtherLoans`	$1.24M	USD	1 Quarter
Unrealized gain (loss) on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$-239.99K	USD	1 Quarter
Unrealized gain (loss) on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$-1.08M	USD	1 Quarter
Unrealized gain (loss) on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$-3.61M	USD	3 Qtrs
Unrealized gain (loss) on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$360.61K	USD	3 Qtrs
Total revenue	`Revenues`	$36.39M	USD	3 Qtrs
Total revenue	`Revenues`	$13.54M	USD	1 Quarter
Total revenue	`Revenues`	$48.70M	USD	3 Qtrs
Total revenue	`Revenues`	$17.53M	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$7.68M	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$21.69M	USD	3 Qtrs
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$5.97M	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$15.08M	USD	3 Qtrs
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$1.74M	USD	1 Quarter
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$5.08M	USD	3 Qtrs
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$1.51M	USD	1 Quarter
Compensation, fees and taxes	`CompensationFeesAndTaxes`	$3.69M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.54M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.32M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.99M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$715.99K	USD	1 Quarter
Other expenses	`OtherExpenses`	$633.02K	USD	3 Qtrs
Other expenses	`OtherExpenses`	$336.48K	USD	1 Quarter
Other expenses	`OtherExpenses`	$320.23K	USD	3 Qtrs
Other expenses	`OtherExpenses`	$90.90K	USD	1 Quarter
(Gain) Loss on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$962.00	USD	1 Quarter
(Gain) Loss on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$198.85K	USD	1 Quarter
(Gain) Loss on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$71.99K	USD	3 Qtrs
(Gain) Loss on sale of real estate	`GainLossOnSaleOfRealEstateProperties`	$-121.38K	USD	3 Qtrs
(Recovery of) provision for loan losses	`ProvisionForDoubtfulAccounts`	$65.06K	USD	3 Qtrs
(Recovery of) provision for loan losses	`ProvisionForDoubtfulAccounts`	$-131.38K	USD	1 Quarter
(Recovery of) provision for loan losses	`ProvisionForDoubtfulAccounts`	$105.00K	USD	3 Qtrs
Impairment loss	`AssetImpairmentCharges`	$195.00K	USD	1 Quarter
Impairment loss	`AssetImpairmentCharges`	$612.50K	USD	3 Qtrs
Impairment loss	`AssetImpairmentCharges`	$685.50K	USD	3 Qtrs
Impairment loss	`AssetImpairmentCharges`	$200.00K	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$31.69M	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$21.76M	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$11.34M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$8.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.01M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$6.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.63M	USD	3 Qtrs
Dividends paid on Series A Preferred Stock	`DividendsPreferredStock`	$2.82M	USD	3 Qtrs
Dividends paid on Series A Preferred Stock	`DividendsPreferredStock`	$921.77K	USD	1 Quarter
Dividends paid on Series A Preferred Stock	`DividendsPreferredStock`	$2.77M	USD	3 Qtrs
Dividends paid on Series A Preferred Stock	`DividendsPreferredStock`	$966.75K	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.87M	USD	3 Qtrs
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.13M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.22M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$14.19M	USD	3 Qtrs
Unrealized gain (loss) on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$-81.53K	USD	3 Qtrs
Unrealized gain (loss) on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$101.81K	USD	3 Qtrs
Unrealized gain (loss) on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$-83.61K	USD	1 Quarter
Unrealized gain (loss) on investment securities	`OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax`	$-131.57K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.79M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$14.29M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.14M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.32	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.32	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.32	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.32	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.83M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.81M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	44.75M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.72M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.83M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.73M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.75M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.81M	shares	3 Qtrs

Cash Flow Statement 96 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
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`	$17.01M	USD	3 Qtrs
Net income	`ProfitLoss`	$14.63M	USD	3 Qtrs
Increase in mortgage receivable from sale of real estate owned	`TransferOfOtherRealEstate`	$2.49M	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`	$1.83M	USD	3 Qtrs
Depreciation expense	`Depreciation`	$66.53K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$169.37K	USD	3 Qtrs
Write-off of other assets - pre-offering costs	`WriteOffOfOtherAssetsPreOfferingCostsDeemedWorthless`	$477.05K	USD	3 Qtrs
Write-off of other assets - pre-offering costs	`WriteOffOfOtherAssetsPreOfferingCostsDeemedWorthless`	$477.05K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$616.68K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$357.32K	USD	3 Qtrs
Provision for credit losses	`ProvisionForDoubtfulAccounts`	$65.06K	USD	3 Qtrs
Provision for credit losses	`ProvisionForDoubtfulAccounts`	$-131.38K	USD	1 Quarter
Provision for credit losses	`ProvisionForDoubtfulAccounts`	$105.00K	USD	3 Qtrs
Impairment loss	`GoodwillImpairmentLoss`	$612.50K	USD	3 Qtrs
Impairment loss	`GoodwillImpairmentLoss`	$685.50K	USD	3 Qtrs
(Gain) Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$-71.99K	USD	3 Qtrs
(Gain) Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$121.38K	USD	3 Qtrs
Unrealized (gain) loss on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$-239.99K	USD	1 Quarter
Unrealized (gain) loss on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$-1.08M	USD	1 Quarter
Unrealized (gain) loss on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$-3.61M	USD	3 Qtrs
Unrealized (gain) loss on investment securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$360.61K	USD	3 Qtrs
Gain on sale of investment securities	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-148.56K	USD	3 Qtrs
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$1.64M	USD	3 Qtrs
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$2.15M	USD	3 Qtrs
Other assets - miscellaneous	`IncreaseDecreaseInOtherReceivables`	$1.24M	USD	3 Qtrs
Other assets - miscellaneous	`IncreaseDecreaseInOtherReceivables`	$418.18K	USD	3 Qtrs
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$2.17M	USD	3 Qtrs
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$1.51M	USD	3 Qtrs
Other assets - prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-153.84K	USD	3 Qtrs
Other assets - prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-192.37K	USD	3 Qtrs
Accrued Interest	`IncreaseDecreaseInInterestPayableNet`	$431.11K	USD	3 Qtrs
Accrued Interest	`IncreaseDecreaseInInterestPayableNet`	$54.66K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$53.82K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$41.42K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$598.63K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-171.69K	USD	3 Qtrs
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$2.61M	USD	3 Qtrs
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$-5.13M	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.23M	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.94M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$12.41M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$18.94M	USD	3 Qtrs
Purchase of investment securities	`PaymentsToAcquireMarketableSecurities`	$39.72M	USD	3 Qtrs
Purchase of investment securities	`PaymentsToAcquireMarketableSecurities`	$21.06M	USD	3 Qtrs
Proceeds from the sale of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$62.16M	USD	3 Qtrs
Proceeds from the sale of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$9.06M	USD	3 Qtrs
Purchase of interests in investment partnerships, net	`PaymentsToAcquireLimitedPartnershipInterests`	$9.12M	USD	3 Qtrs
Purchase of interests in investment partnerships, net	`PaymentsToAcquireLimitedPartnershipInterests`	$16.49M	USD	3 Qtrs
Proceeds from sale of real estate owned	`PaymentsForProceedsFromRealEstateHeldforinvestment`	$-148.84K	USD	3 Qtrs
Proceeds from sale of real estate owned	`PaymentsForProceedsFromRealEstateHeldforinvestment`	$-1.57M	USD	3 Qtrs
Acquisitions of and improvements to real estate owned, net	`PaymentsToAcquireRealEstateHeldForInvestments`	$214.64K	USD	3 Qtrs
Acquisitions of and improvements to real estate owned, net	`PaymentsToAcquireRealEstateHeldForInvestments`	$101.17K	USD	3 Qtrs
Proceeds from sale (purchases) of property and equipment, net	`ProceedsFromSalePurchasesOfPropertyAndEquipmentNet`	$518.74K	USD	3 Qtrs
Proceeds from sale (purchases) of property and equipment, net	`ProceedsFromSalePurchasesOfPropertyAndEquipmentNet`	$-1.29M	USD	3 Qtrs
Investment in rental real estate, net	`PaymentsToAcquireCommercialRealEstate`	$10.73M	USD	3 Qtrs
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$252.37M	USD	3 Qtrs
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$159.68M	USD	3 Qtrs
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortgageReceivable`	$123.50M	USD	3 Qtrs
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortgageReceivable`	$95.17M	USD	3 Qtrs
Other assets - pre-offering costs	`OtherAssetsPreOfferingCosts`	$166.36K	USD	3 Qtrs
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-151.23M	USD	3 Qtrs
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-67.58M	USD	3 Qtrs
Net proceeds from (repayment of) line of credit	`ProceedsFromLinesOfCredits`	$47.75M	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
Net proceeds from repurchase facility	`ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase`	$5.40M	USD	3 Qtrs
Proceeds from mortgage	`ProceedsFromIssuanceOfFirstMortgageBond`	$350.63K	USD	3 Qtrs
Accounts payable and accrued liabilities - principal payments on other notes	`RepaymentsOfNotesPayable`	$6.01K	USD	3 Qtrs
Accounts payable and accrued liabilities - principal payments on other notes	`RepaymentsOfNotesPayable`	$20.16K	USD	3 Qtrs
Dividends paid on common shares	`PaymentsOfDividendsCommonStock`	$13.51M	USD	3 Qtrs
Dividends paid on common shares	`PaymentsOfDividendsCommonStock`	$16.94M	USD	3 Qtrs
Dividends paid on Series A Preferred Stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$2.82M	USD	3 Qtrs
Dividends paid on Series A Preferred Stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$2.77M	USD	3 Qtrs
Proceeds from issuance of common shares, net of expenses	`ProceedsFromIssuanceOfCommonStock`	$36.65M	USD	3 Qtrs
Proceeds from issuance of common shares, net of expenses	`ProceedsFromIssuanceOfCommonStock`	$15.33M	USD	3 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$226.33K	USD	3 Qtrs
Proceeds from issuance of Series A Preferred Stock, net of expenses	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$1.90M	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`	$50.73M	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$132.35M	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.47M	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.10M	USD	3 Qtrs
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 - BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.46M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.81M	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
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.46M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.81M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$19.85M	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$13.01M	USD	3 Qtrs

Stockholders Equity 40 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$180.08M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$205.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$217.71M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$235.53M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$229.04M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$219.30M	USD	Point-in-time
Adoption of ASU 2016-13	`AdjustmentToAccumulatedDeficit`	$2.49M	USD	3 Qtrs
Issuance of common shares, net of expenses	`StockIssuedDuringPeriodValueOther`	$15.42M	USD	1 Quarter
Issuance of common shares, net of expenses	`StockIssuedDuringPeriodValueOther`	$15.33M	USD	3 Qtrs
Issuance of common shares, net of expenses	`StockIssuedDuringPeriodValueOther`	$5.64M	USD	1 Quarter
Issuance of common shares, net of expenses	`StockIssuedDuringPeriodValueOther`	$36.65M	USD	3 Qtrs
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$7.50M	USD	Point-in-time
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$226.33K	USD	3 Qtrs
Repurchase of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	71,000.00	shares	3 Qtrs
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$616.68K	USD	3 Qtrs
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$357.32K	USD	3 Qtrs
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$220.97K	USD	1 Quarter
Stock based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$127.02K	USD	1 Quarter
Unrealized gain (loss) on investments	`UnrealizedGainLossOnInvestments`	$-83.61K	USD	1 Quarter
Unrealized gain (loss) on investments	`UnrealizedGainLossOnInvestments`	$101.81K	USD	3 Qtrs
Unrealized gain (loss) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-81.53K	USD	3 Qtrs
Unrealized gain (loss) on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-131.57K	USD	1 Quarter
Dividends paid on Series A Preferred Stock	`DividendsPreferredStock`	$2.82M	USD	3 Qtrs
Dividends paid on Series A Preferred Stock	`DividendsPreferredStock`	$921.77K	USD	1 Quarter
Dividends paid on Series A Preferred Stock	`DividendsPreferredStock`	$2.77M	USD	3 Qtrs
Dividends paid on Series A Preferred Stock	`DividendsPreferredStock`	$966.75K	USD	1 Quarter
Dividends paid on common shares	`DividendsCommonStock`	$5.25M	USD	1 Quarter
Dividends paid on common shares	`DividendsCommonStock`	$11.60M	USD	3 Qtrs
Dividends paid on common shares	`DividendsCommonStock`	$9.58M	USD	3 Qtrs
Dividends paid on common shares	`DividendsCommonStock`	$5.90M	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$5.05M	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$17.01M	USD	3 Qtrs
Net income for the period	`NetIncomeLoss`	$6.19M	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$14.63M	USD	3 Qtrs
Ending balance	`StockholdersEquity`	$180.08M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$205.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$217.71M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$235.53M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$229.04M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$219.30M	USD	Point-in-time

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