S-11/A Filing

Sachem Capital Corp. CIK: 1682220

Filing Information

Form Type	S-11/A
Accession Number	`0001571049-17-008280`
Period End Date	20170630
Filing Date	20171019
Fiscal Year	N/A
Fiscal Period	N/A
XBRL Instance	sach-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 101 Income Statement 116 Cash Flow Statement 159 Stockholders Equity 21

Balance Sheet 101 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$1.87M	USD	Point-in-time
Cash	`Cash`	$1.56M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$5.87M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$1.83M	USD	Point-in-time
Cash	`Cash`	$1.47M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Escrow deposits	`EscrowDeposit`	$311.95K	USD	Point-in-time
Escrow deposits	`EscrowDeposit`	-	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Mortgages receivable	`MortgageLoansOnRealEstate`	$32.52M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Mortgages receivable	`MortgageLoansOnRealEstate`	$26.02M	USD	Point-in-time
Mortgages receivable	`MortgageLoansOnRealEstate`	$47.81M	USD	Point-in-time
Mortgages receivable, affiliate	`MortgagesReceivableFromAffiliate`	$1.51M	USD	Point-in-time
Mortgages receivable, affiliate	`MortgagesReceivableFromAffiliate`	$1.23M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Mortgages receivable, affiliate	`MortgagesReceivableFromAffiliate`	-	USD	Point-in-time
Interest and fees receivable	`InterestReceivable`	$478.93K	USD	Point-in-time
Interest and fees receivable	`InterestReceivable`	$265.49K	USD	Point-in-time
Interest and fees receivable	`InterestReceivable`	$567.64K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	11.10M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	11.10M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	11.10M	shares	Point-in-time
Other receivables	`OtherReceivables`	$182.84K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	11.10M	shares	Point-in-time
Other receivables	`OtherReceivables`	$173.94K	USD	Point-in-time
Other receivables	`OtherReceivables`	$17.50K	USD	Point-in-time
Due from borrowers	`DueFromAffiliates`	$81.91K	USD	Point-in-time
Due from borrowers	`DueFromAffiliates`	$60.50K	USD	Point-in-time
Due from borrowers	`DueFromAffiliates`	$190.56K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$72.43K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$397.45K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$500.66K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Real estate owned	`RealEstateInvestments`	$1.22M	USD	Point-in-time
Real estate owned	`RealEstateInvestments`	$1.29M	USD	Point-in-time
Real estate owned	`RealEstateInvestments`	$1.00M	USD	Point-in-time
Pre-offering costs	`PreofferingCosts`	$625.89K	USD	Point-in-time
Pre-offering costs	`PreofferingCosts`	$77.96K	USD	Point-in-time
Pre-offering costs	`PreofferingCosts`	$45.00K	USD	Point-in-time
Deposits on property	`SecurityDeposit`	-	USD	Point-in-time
Deposits on property	`SecurityDeposit`	$5.00K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$67.47K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$38.99K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$125.56K	USD	Point-in-time
Total assets	`Assets`	$52.99M	USD	Point-in-time
Total assets	`Assets`	$38.37M	USD	Point-in-time
Total assets	`Assets`	$30.80M	USD	Point-in-time
Line of credit	`LineOfCredit`	$8.11M	USD	Point-in-time
Line of credit	`LineOfCredit`	$12.16M	USD	Point-in-time
Line of credit	`LineOfCredit`	$6.00M	USD	Point-in-time
Mortgage payable	`NotesPayable`	-	USD	Point-in-time
Mortgage payable	`NotesPayable`	$305.97K	USD	Point-in-time
Mortgage payable	`NotesPayable`	$310.00K	USD	Point-in-time
Accrued expenses	`NotesPayableAndOtherAccruedExpenses`	$196.09K	USD	Point-in-time
Accrued expenses	`NotesPayableAndOtherAccruedExpenses`	$227.32K	USD	Point-in-time
Accrued expenses	`NotesPayableAndOtherAccruedExpenses`	-	USD	Point-in-time
Security deposit held	`SecurityDepositLiability`	$2.55K	USD	Point-in-time
Security deposit held	`SecurityDepositLiability`	-	USD	Point-in-time
Security deposit held	`SecurityDepositLiability`	$800.00	USD	Point-in-time
Advances from borrowers	`DueToAffiliateCurrentAndNoncurrent`	$541.33K	USD	Point-in-time
Advances from borrowers	`DueToAffiliateCurrentAndNoncurrent`	$107.71K	USD	Point-in-time
Advances from borrowers	`DueToAffiliateCurrentAndNoncurrent`	$291.88K	USD	Point-in-time
Due to shareholders/member	`DueToOfficersOrStockholdersCurrentAndNoncurrent`	$14.93K	USD	Point-in-time
Due to shareholders/member	`DueToOfficersOrStockholdersCurrentAndNoncurrent`	$656.30K	USD	Point-in-time
Due to shareholders/member	`DueToOfficersOrStockholdersCurrentAndNoncurrent`	$230.41K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$190.02K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$290.46K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$692.10K	USD	Point-in-time
Accrued interest	`InterestPayableCurrentAndNoncurrent`	$39.15K	USD	Point-in-time
Accrued interest	`InterestPayableCurrentAndNoncurrent`	$24.35K	USD	Point-in-time
Accrued interest	`InterestPayableCurrentAndNoncurrent`	$37.83K	USD	Point-in-time
Total liabilities	`Liabilities`	$9.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.98M	USD	Point-in-time
Preferred shares - $.001 par value; 5,000,000 shares authorized; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares - $.001 par value; 5,000,000 shares authorized; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $.001 par value; 50,000,000 authorized; 11,103,237 issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Common stock - $.001 par value; 50,000,000 authorized; 11,103,237 issued and outstanding	`CommonStockValue`	$11.10K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$37.98M	USD	Point-in-time
Members' equity	`MembersEquity`	$28.49M	USD	Point-in-time
Members' equity	`MembersEquity`	-	USD	Point-in-time
Members' equity	`MembersEquity`	$24.23M	USD	Point-in-time
Members' equity	`MembersEquity`	$16.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.01M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Total shareholders'/members equity	`StockholdersEquity`	$39.00M	USD	Point-in-time
Total shareholders'/members equity	`StockholdersEquity`	$28.49M	USD	Point-in-time
Total shareholders'/members equity	`StockholdersEquity`	$24.23M	USD	Point-in-time
Total liabilities and shareholders'/members equity	`LiabilitiesAndStockholdersEquity`	$52.99M	USD	Point-in-time
Total liabilities and shareholders'/members equity	`LiabilitiesAndStockholdersEquity`	$30.80M	USD	Point-in-time
Total liabilities and shareholders'/members equity	`LiabilitiesAndStockholdersEquity`	$38.37M	USD	Point-in-time

Income Statement 116 line items

Line Item	Tag	Value	Unit	Period
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$2.26M	USD	2 Qtrs
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$3.65M	USD	Annual
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$2.48M	USD	Annual
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$1.74M	USD	2 Qtrs
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$1.22M	USD	1 Quarter
Interest income from loans	`InterestAndFeeIncomeLoansAndLeases`	$931.72K	USD	1 Quarter
Origination fees, net	`OriginationFees`	$108.39K	USD	Annual
Origination fees, net	`OriginationFees`	$197.38K	USD	Annual
Origination fees, net	`OriginationFees`	$169.94K	USD	1 Quarter
Origination fees, net	`OriginationFees`	$95.14K	USD	2 Qtrs
Origination fees, net	`OriginationFees`	$267.40K	USD	2 Qtrs
Origination fees, net	`OriginationFees`	$66.32K	USD	1 Quarter
Late and other fees	`FeesAndCommissionsCreditAndDebitCards`	$105.91K	USD	Annual
Late and other fees	`FeesAndCommissionsCreditAndDebitCards`	$101.31K	USD	2 Qtrs
Late and other fees	`FeesAndCommissionsCreditAndDebitCards`	$68.05K	USD	1 Quarter
Late and other fees	`FeesAndCommissionsCreditAndDebitCards`	$35.47K	USD	1 Quarter
Late and other fees	`FeesAndCommissionsCreditAndDebitCards`	$65.45K	USD	2 Qtrs
Late and other fees	`FeesAndCommissionsCreditAndDebitCards`	$144.81K	USD	Annual
Processing fees	`ProcessingFees`	$14.25K	USD	1 Quarter
Processing fees	`ProcessingFees`	$54.38K	USD	2 Qtrs
Processing fees	`ProcessingFees`	$29.45K	USD	1 Quarter
Processing fees	`ProcessingFees`	$26.98K	USD	2 Qtrs
Processing fees	`ProcessingFees`	$65.94K	USD	Annual
Processing fees	`ProcessingFees`	$55.65K	USD	Annual
Rental income, net	`RentalIncomeNonoperating`	$4.58K	USD	2 Qtrs
Rental income, net	`RentalIncomeNonoperating`	$21.84K	USD	1 Quarter
Rental income, net	`RentalIncomeNonoperating`	-	USD	Annual
Rental income, net	`RentalIncomeNonoperating`	$49.23K	USD	2 Qtrs
Rental income, net	`RentalIncomeNonoperating`	$68.42K	USD	Annual
Rental income, net	`RentalIncomeNonoperating`	$4.58K	USD	1 Quarter
Other income	`OtherIncome`	$79.43K	USD	1 Quarter
Other income	`OtherIncome`	$47.43K	USD	Annual
Other income	`OtherIncome`	$10.48K	USD	2 Qtrs
Other income	`OtherIncome`	$10.48K	USD	1 Quarter
Other income	`OtherIncome`	$125.58K	USD	2 Qtrs
Other income	`OtherIncome`	-	USD	Annual
Gain on sale of real estate	`GainOnSaleOfRealEstateInvestement`	-	USD	1 Quarter
Gain on sale of real estate	`GainOnSaleOfRealEstateInvestement`	-	USD	2 Qtrs
Gain on sale of real estate	`GainOnSaleOfRealEstateInvestement`	-	USD	2 Qtrs
Gain on sale of real estate	`GainOnSaleOfRealEstateInvestement`	-	USD	1 Quarter
Total revenue	`Revenues`	$2.79M	USD	Annual
Total revenue	`Revenues`	$1.97M	USD	2 Qtrs
Total revenue	`Revenues`	$2.82M	USD	2 Qtrs
Total revenue	`Revenues`	$1.56M	USD	1 Quarter
Total revenue	`Revenues`	$1.10M	USD	1 Quarter
Total revenue	`Revenues`	$4.13M	USD	Annual
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$119.48K	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$286.91K	USD	2 Qtrs
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$505.13K	USD	Annual
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$170.64K	USD	1 Quarter
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$221.70K	USD	Annual
Interest and amortization of deferred financing costs	`InterestAndAmortizationOfDebtServiceCosts`	$221.69K	USD	2 Qtrs
Compensation to manager	`SalariesAndWages`	$210.41K	USD	Annual
Compensation to manager	`SalariesAndWages`	$152.52K	USD	2 Qtrs
Compensation to manager	`SalariesAndWages`	-	USD	1 Quarter
Compensation to manager	`SalariesAndWages`	$91.06K	USD	1 Quarter
Compensation to manager	`SalariesAndWages`	$35.85K	USD	2 Qtrs
Compensation to manager	`SalariesAndWages`	$350.23K	USD	Annual
Professional fees	`ProfessionalFees`	$48.40K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$2.25K	USD	Annual
Professional fees	`ProfessionalFees`	$24.74K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$87.49K	USD	Annual
Professional fees	`ProfessionalFees`	$132.14K	USD	2 Qtrs
Compensation, fees and taxes	`CompensationfeesAndTaxes`	$22.39K	USD	2 Qtrs
Compensation, fees and taxes	`CompensationfeesAndTaxes`	$15.57K	USD	1 Quarter
Compensation, fees and taxes	`CompensationfeesAndTaxes`	$270.82K	USD	2 Qtrs
Compensation, fees and taxes	`CompensationfeesAndTaxes`	$164.99K	USD	1 Quarter
Exchange fees	`ExchangeFees`	$37.66K	USD	1 Quarter
Exchange fees	`ExchangeFees`	$37.66K	USD	2 Qtrs
Exchange fees	`ExchangeFees`	-	USD	1 Quarter
Other fees and taxes	`TaxesAndLicenses`	$5.09K	USD	Annual
Other fees and taxes	`TaxesAndLicenses`	$34.66K	USD	Annual
Depreciation	`Depreciation`	$12.89K	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	2 Qtrs
Depreciation	`Depreciation`	$7.73K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$177.34K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$131.75K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	2 Qtrs
Loss on sale of real estate	`LossOnSaleOfRealEstateInvestement`	$5.48K	USD	Annual
Loss on sale of real estate	`LossOnSaleOfRealEstateInvestement`	$42.23K	USD	1 Quarter
Loss on sale of real estate	`LossOnSaleOfRealEstateInvestement`	$87.97K	USD	Annual
Loss on sale of real estate	`LossOnSaleOfRealEstateInvestement`	$15.75K	USD	2 Qtrs
Loss on sale of real estate	`LossOnSaleOfRealEstateInvestement`	-	USD	1 Quarter
Bank fees	`BankFees`	$34.90K	USD	Annual
Bank fees	`BankFees`	$17.38K	USD	Annual
Total operating costs and expenses	`OperatingCostsAndExpenses`	$603.41K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$969.37K	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$479.82K	USD	Annual
Total operating costs and expenses	`OperatingCostsAndExpenses`	$421.34K	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$1.08M	USD	Annual
Total operating costs and expenses	`OperatingCostsAndExpenses`	$226.11K	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.05M	USD	Annual
Net income	`NetIncomeLoss`	$1.55M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.31M	USD	Annual
Net income	`NetIncomeLoss`	$956.65K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.85M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$869.28K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.14	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.14	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	0.00	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	11.10M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	0.00	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	11.10M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.10M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	0.00	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	0.00	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.10M	shares	2 Qtrs

Cash Flow Statement 159 line items

Line Item	Tag	Value	Unit	Period
Liabilities Assumed	`LiabilitiesAssumed1`	$64.79K	USD	Annual
Liabilities Assumed	`LiabilitiesAssumed1`	$60.50K	USD	Annual
Net income	`NetIncomeLoss`	$3.05M	USD	Annual
Net income	`NetIncomeLoss`	$1.55M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.31M	USD	Annual
Net income	`NetIncomeLoss`	$956.65K	USD	1 Quarter
Noncash or Part Noncash Acquisition, Noncash Financial or Equity Instrument Consideration, Shares Issued	`NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1`	6.28M	shares	Point-in-time
Net income	`NetIncomeLoss`	$1.85M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$869.28K	USD	1 Quarter
Real Estate Owned, Transfer from Real Estate Owned	`TransferOfOtherRealEstate`	$107.50K	USD	2 Qtrs
Real Estate Owned, Transfer from Real Estate Owned	`TransferOfOtherRealEstate`	$107.50K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$26.92K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$29.12K	USD	2 Qtrs
Mortgage Purchased From Third Party At Discount	`MortgagePurchasedFromThirdPartyAtDiscount`	$74.95K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$47.68K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$24.56K	USD	2 Qtrs
Accrued Interest Receivable And Late Fees Receivable Converted To Real Estate Owned	`AccruedInterestReceivableAndLateFeesReceivableConvertedToRealEstateOwned`	$39.00K	USD	Annual
Depreciation expense	`Depreciation`	$12.89K	USD	2 Qtrs
Accrued Interest Receivable And Late Fees Receivable Converted To Real Estate Owned	`AccruedInterestReceivableAndLateFeesReceivableConvertedToRealEstateOwned`	$84.58K	USD	Annual
Depreciation expense	`Depreciation`	-	USD	2 Qtrs
Depreciation expense	`Depreciation`	$7.73K	USD	1 Quarter
Depreciation expense	`Depreciation`	-	USD	1 Quarter
Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$-5.48K	USD	Annual
Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$-15.75K	USD	2 Qtrs
Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	-	USD	2 Qtrs
Loss on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$-87.97K	USD	Annual
Proceeds From Sale Of Real Estate Paid Directly To Managing	`ProceedsFromSaleOfRealEstatePaidDirectlyToManaging`	$94.94K	USD	Annual
Real Estate Owned, Transfer to Real Estate Owned	`TransferToOtherRealEstate`	$644.45K	USD	Annual
Real Estate Owned, Transfer to Real Estate Owned	`TransferToOtherRealEstate`	$916.47K	USD	Annual
Impairment loss	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	-	USD	Annual
Impairment loss	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	-	USD	Annual
Adjustment to loss for sale of collateral	`GainLossOnSaleOfMortgageLoans`	$42.23K	USD	2 Qtrs
Escrow deposit	`IncreaseDecreaseInEscrowDeposit`	-	USD	2 Qtrs
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$207.10K	USD	Annual
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$105.54K	USD	2 Qtrs
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$88.72K	USD	2 Qtrs
Interest and fees receivable	`IncreaseDecreaseInInterestAndFeesReceivable`	$213.44K	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$72.37K	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$34.76K	USD	2 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$17.50K	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-8.90K	USD	2 Qtrs
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$49.61K	USD	2 Qtrs
Due from borrowers	`IncreaseDecreaseInFinanceReceivables`	$108.65K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$72.43K	USD	2 Qtrs
Deposits on property	`IncreaseDecreaseInSecurityDeposits`	$-5.00K	USD	2 Qtrs
Due to member	`IncreaseDecreaseInDueToAffiliates`	$135.93K	USD	Annual
Due to member	`IncreaseDecreaseInDueToAffiliates`	$-656.30K	USD	2 Qtrs
Due to member	`IncreaseDecreaseInDueToAffiliates`	$163.44K	USD	2 Qtrs
Due to member	`IncreaseDecreaseInDueToAffiliates`	$421.59K	USD	Annual
Due to shareholder	`IncreaseDecreaseInDueToOfficersAndStockholders`	$14.93K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$24.55K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-14.41K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-13.48K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$14.80K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$31.24K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$196.09K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$71.30K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-645.00	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$401.65K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$25.48K	USD	Annual
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$167.04K	USD	Annual
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$90.34K	USD	2 Qtrs
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$29.72K	USD	Annual
Advances from borrowers	`IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance`	$249.46K	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-194.60K	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$646.56K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$69.29K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$73.38K	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.63M	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.38M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.66M	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.70M	USD	Annual
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstate`	$1.06M	USD	Annual
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstate`	$229.14K	USD	2 Qtrs
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstate`	$421.82K	USD	Annual
Proceeds from sale of real estate owned	`ProceedsFromSaleOfRealEstate`	$90.12K	USD	2 Qtrs
Acquisitions of and improvements to real estate owned	`PaymentsToAcquireRealEstate`	$886.01K	USD	Annual
Acquisitions of and improvements to real estate owned	`PaymentsToAcquireRealEstate`	-	USD	Annual
Acquisitions of and improvements to real estate owned	`PaymentsToAcquireRealEstate`	$560.86K	USD	2 Qtrs
Acquisitions of and improvements to real estate owned	`PaymentsToAcquireRealEstate`	$62.05K	USD	2 Qtrs
Purchase of land and building	`PaymentsToAcquireLand`	$397.45K	USD	Annual
Purchase of land and building	`PaymentsToAcquireLand`	-	USD	Annual
Escrow deposit	`RepaymentsOfEscrowDeposit`	$259.00K	USD	2 Qtrs
Escrow deposit	`RepaymentsOfEscrowDeposit`	$311.95K	USD	2 Qtrs
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	$116.11K	USD	2 Qtrs
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	-	USD	2 Qtrs
Security deposit	`ProceedsFromSaleOfInvestmentProjects`	-	USD	2 Qtrs
Security deposit	`ProceedsFromSaleOfInvestmentProjects`	$1.75K	USD	2 Qtrs
Security deposit	`ProceedsFromSaleOfInvestmentProjects`	-	USD	Annual
Security deposit	`ProceedsFromSaleOfInvestmentProjects`	$800.00	USD	Annual
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$19.41M	USD	Annual
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$23.24M	USD	2 Qtrs
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$21.58M	USD	Annual
Principal disbursements for mortgages receivable	`PaymentsToAcquireMortgageReceivable`	$9.11M	USD	2 Qtrs
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortagageReceivable`	$9.18M	USD	2 Qtrs
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortagageReceivable`	$6.35M	USD	2 Qtrs
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortagageReceivable`	$14.86M	USD	Annual
Principal collections on mortgages receivable	`ProceedsFromCollectionOfMortagageReceivable`	$5.81M	USD	Annual
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-13.18M	USD	Annual
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.94M	USD	Annual
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.35M	USD	2 Qtrs
NET CASH USED FOR INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-14.45M	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$6.00M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$16.55M	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$7.47M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$4.17M	USD	2 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$5.00M	USD	Annual
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$12.50M	USD	2 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$5.36M	USD	Annual
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$2.90M	USD	2 Qtrs
Principal payments on mortgage payable	`PaymentsForMortgageDeposits`	$4.03K	USD	2 Qtrs
Principal payments on mortgage payable	`PaymentsForMortgageDeposits`	-	USD	2 Qtrs
Dividends Paid	`PaymentsOfOrdinaryDividends`	-	USD	2 Qtrs
Dividends Paid	`PaymentsOfOrdinaryDividends`	$555.16K	USD	2 Qtrs
Proceeds from IPO	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	2 Qtrs
Proceeds from IPO	`ProceedsFromIssuanceInitialPublicOffering`	$13.00M	USD	2 Qtrs
Pre-offering costs incurred	`PreofferingCostsIncurred`	$1.49M	USD	2 Qtrs
Pre-offering costs incurred	`PreofferingCostsIncurred`	$124.75K	USD	2 Qtrs
Pre-offering costs incurred	`PreofferingCostsIncurred`	$45.00K	USD	Annual
Pre-offering costs incurred	`PreofferingCostsIncurred`	$580.89K	USD	Annual
Financing costs incurred	`PaymentOfFinancingAndStockIssuanceCosts`	$76.16K	USD	Annual
Financing costs incurred	`PaymentOfFinancingAndStockIssuanceCosts`	$12.07K	USD	Annual
Financing costs incurred	`PaymentOfFinancingAndStockIssuanceCosts`	$65.05K	USD	2 Qtrs
Financing costs incurred	`PaymentOfFinancingAndStockIssuanceCosts`	$87.20K	USD	2 Qtrs
Member contributions	`ProceedsFromPartnershipContribution`	$7.21M	USD	Annual
Member contributions	`ProceedsFromPartnershipContribution`	$653.65K	USD	2 Qtrs
Member contributions	`ProceedsFromPartnershipContribution`	$5.08M	USD	Annual
Member contributions	`ProceedsFromPartnershipContribution`	$2.52M	USD	2 Qtrs
Member distributions	`PaymentsOfPartnershipDistributions`	$2.24M	USD	2 Qtrs
Member distributions	`PaymentsOfPartnershipDistributions`	$2.46M	USD	2 Qtrs
Member distributions	`PaymentsOfPartnershipDistributions`	$3.88M	USD	Annual
Member distributions	`PaymentsOfPartnershipDistributions`	$1.40M	USD	Annual
Proceeds from mortgage	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from mortgage	`ProceedsFromNotesPayable`	$310.00K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$6.76M	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.97M	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.36M	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$13.10M	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-272.22K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$306.18K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-361.48K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-4.04M	USD	Annual
CASH - BEGINNING OF PERIOD	`Cash`	$1.87M	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`Cash`	$1.56M	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`Cash`	$5.87M	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`Cash`	$1.83M	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`Cash`	$1.47M	USD	Point-in-time
CASH - END OF PERIOD	`Cash`	$1.87M	USD	Point-in-time
CASH - END OF PERIOD	`Cash`	$1.56M	USD	Point-in-time
CASH - END OF PERIOD	`Cash`	$5.87M	USD	Point-in-time
CASH - END OF PERIOD	`Cash`	$1.83M	USD	Point-in-time
CASH - END OF PERIOD	`Cash`	$1.47M	USD	Point-in-time
Interest paid	`InterestPaid`	$211.55K	USD	2 Qtrs
Interest paid	`InterestPaid`	$170.23K	USD	Annual
Interest paid	`InterestPaid`	$470.82K	USD	Annual
Interest paid	`InterestPaid`	$242.99K	USD	2 Qtrs

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`MembersEquity`	$28.49M	USD	Point-in-time
Beginning balance	`MembersEquity`	-	USD	Point-in-time
Beginning balance	`MembersEquity`	$24.23M	USD	Point-in-time
Beginning balance	`MembersEquity`	$16.10M	USD	Point-in-time
Member contributions	`PartnersCapitalAccountContributions`	$5.08M	USD	Annual
Member contributions	`PartnersCapitalAccountContributions`	$653.65K	USD	2 Qtrs
Member contributions	`PartnersCapitalAccountContributions`	$7.21M	USD	Annual
Member distributions	`PartnersCapitalAccountDistributions`	$2.46M	USD	2 Qtrs
Member distributions	`PartnersCapitalAccountDistributions`	$1.40M	USD	Annual
Member distributions	`PartnersCapitalAccountDistributions`	$3.88M	USD	Annual
Conversion of members' equity into common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$-26.97M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.05M	USD	Annual
Net income	`NetIncomeLoss`	$1.55M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.31M	USD	Annual
Net income	`NetIncomeLoss`	$956.65K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.85M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$869.28K	USD	1 Quarter
Balance	`MembersEquity`	$28.49M	USD	Point-in-time
Balance	`MembersEquity`	-	USD	Point-in-time
Balance	`MembersEquity`	$24.23M	USD	Point-in-time
Balance	`MembersEquity`	$16.10M	USD	Point-in-time

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