Korth Direct Mortgage Inc. Income Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of operations

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
Revenues
Origination Revenue
Service
Underwriting Income
Leasing Revenue
Investment Interest
Other Revenue
Processing Revenue
Trading Profits
Interest Income1
Commissions
Late Fees
Total Revenues

COST OF REVENUES
Broker Underwriting Expense
Mortgage Broker Expense
Co-Manager Engagement Fee
Bank Transaction Fees
Appraisal Costs
Marketing
License and Registration
Ratings
Technology Fees
Administrative Expenses
Total Cost of Revenues

GROSS PROFIT
OPERATING EXPENSES
Accounting
Office
Compensation and Related Benefits
Payroll Taxes
Other Payroll Related Costs
Professional and Legal
Rent Expense
Utilities
Travel & Entertainment
Tradeshow Expense
Business Insurance
Advertising
Depreciation
401K Match
Stock compensation expense
Total Expenses

Income (Loss) From Operations
Other Expense
Unrealized Gain on Mortgages
Unrealized Gain/(Loss) on Mortgage Secured Notes
Unrealized (Loss) Gain on Mortgages
Unrealized (Loss) Gain on Mortgage Secured Notes
Unrealized Gain on Investment
Recognized a gain on fair value
Realized Gain/(Loss) on Mortgage Secured Notes
Interest Expense
Gain from Forgiveness of PPP Loan
Net Gains on Foreclosed Real Estate
Realized Loss on Mortgage Secured Notes
Realized Loss on Loans Held for Sale
Change in Fair Value of Mortgage Secured Notes
Loss on Foreclosures
Total Other Expense

Income (Loss) before provision for income taxes
Total income tax benefit (expense)
Net Loss before non-controlling interest
Net Income (Loss) before non-controlling interest
Less: Net Income attributable to non-controlling interest
Net Loss
Series A Preferred Dividends
Series B Preferred Dividends
Net loss attributable to common stockholders

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