Korth Direct Mortgage Inc. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of cash flows

In millions of USD, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income
Net Loss
Net Income (Loss)
Adjustments to Reconcile Net Income (Loss)
Unrealized Gain on Mortgages Owned
Unrealized (gain) loss on Mortgage Secured Notes
Unrealized Loss (Gain) on Mortgages Owned
Unrealized Loss (Gain) on Mortgage Secured Notes
Realized Loss on Mortgage Secured Notes
Unrealized (Gain) Loss on Securities
Unrealized Gain on Investment
Net Gains on Foreclosed Real Estate
Realized Loss on Loans Held for Sale
Change in Fair Value of Mortgage Secured Notes
Loss on Foreclosures
Stock Compensation Expense
Gain from forgiveness of PPP loan
Depreciation
Amortization of loan costs
Deferred rent expense from operating lease
Deferred income taxes
Changes in Operating Assets and Liabilities:
Mortgage Secured Notes Issued
Mortgage Secured Notes Purchased
Restricted Investment
Warehouse LOC
Line of Credit Payable
Warehouse Line of Credit
Portfolio Loans
Accounts Receivable
Prepaid Expenses
Deposits
Loans Held For Sale
Other Assets
Deferred Revenue, net
Due to Investors
Due to clearinghouse brokers
Interest payable
Accrued Expenses
Accounts Payable
Escrow Payable
Contingent Liability
Securities Sold Short
Other Liabilities and Payables
New Mortgage Lending
Mortgage Loans Matured/Paid Off

Total Adjustments
NET CASH USED IN OPERATING ACTIVITIES

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment
Acquisition of related party affiliate, net of cash acquired
Disposals of PP&E
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES

CASH FLOWS FROM FINANCING ACTIVITIES
Payment of Series A/B preferred stock dividends
Payment of Series B preferred stock dividends
Repurchase of Series A preferred stock
Investment in Fund
Net proceeds from the sale of Series A preferred stock
Net proceeds from the sale of Series B preferred stock
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES

NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – Beginning of Year
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – End of Year
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION
Cash paid during the year for interest
Cash paid for income taxes
Assets acquired through settlement in lieu of foreclosure
Assets acquired through settlement in lieu of foreclosure

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