2024 Q1 Form 10-K Financial Statement

#000182252324000014 Filed on March 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $14.76M $15.87M $64.18M
YoY Change -12.32% -19.44% -14.58%
Cost Of Revenue $3.463M $3.472M $14.06M
YoY Change -6.52% -10.79% -10.79%
Gross Profit $11.20M $12.40M $48.77M
YoY Change -14.5% -21.57% -17.85%
Gross Profit Margin 75.9% 78.13% 76.0%
Selling, General & Admin $2.552M $1.592M $7.502M
YoY Change -5.74% -21.53% -1.81%
% of Gross Profit 22.78% 12.84% 15.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $6.015M $1.592M $21.57M
YoY Change -6.19% -21.53% -7.86%
Operating Profit $5.187M $10.81M $27.21M
YoY Change -22.47% -21.58% -24.35%
Interest Expense $1.603M -$7.361M $6.357M
YoY Change -3.9% 262.37% -6.7%
% of Operating Profit 30.91% -68.1% 23.37%
Other Income/Expense, Net -$4.932M -$11.98M -$12.13M
YoY Change 602.09% 47.26% 8.55%
Pretax Income $104.2K -$8.535M $22.61M
YoY Change -98.98% -336.13% -38.82%
Income Tax $158.4K $653.4K $1.659M
% Of Pretax Income 151.91% 7.34%
Net Earnings -$54.12K -$9.188M $20.95M
YoY Change -100.54% -412.74% -41.69%
Net Earnings / Revenue -0.37% -57.89% 32.65%
Basic Earnings Per Share -$0.01 $1.02
Diluted Earnings Per Share -$0.01 -$0.45 $1.02
COMMON SHARES
Basic Shares Outstanding 20.67M shares 20.46M shares 20.32M shares
Diluted Shares Outstanding 20.41M shares 20.35M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $82.30M $121.6M $121.6M
YoY Change 2.1% -13.35% -13.35%
Cash & Equivalents $82.30M $121.6M $121.6M
Short-Term Investments
Other Short-Term Assets $532.8K $688.5K $688.5K
YoY Change 26.82% 49.39% 49.39%
Inventory
Prepaid Expenses
Receivables $5.690M $1.837M $1.837M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $88.52M $124.2M $124.2M
YoY Change 9.25% -11.84% -11.84%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $387.9M $342.4M $342.4M
YoY Change 5.75% -9.49% -9.49%
TOTAL ASSETS
Total Short-Term Assets $88.52M $124.2M $124.2M
Total Long-Term Assets $387.9M $342.4M $342.4M
Total Assets $476.4M $466.6M $466.6M
YoY Change 6.38% -10.13% -10.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.045M $714.7K $714.7K
YoY Change -35.13% -14.58% -14.58%
Accrued Expenses $6.627M $5.852M $5.852M
YoY Change -23.8% -41.32% -41.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $77.61M $58.40M $58.40M
YoY Change 255.97% -28.98% -28.98%
LONG-TERM LIABILITIES
Long-Term Debt $88.16M $88.01M $88.01M
YoY Change 0.68% -9.39% -9.39%
Other Long-Term Liabilities $9.140K $115.5K $115.5K
YoY Change -98.44% -84.69% -84.69%
Total Long-Term Liabilities $88.17M $88.13M $88.13M
YoY Change 0.02% -9.97% -9.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $77.61M $58.40M $58.40M
Total Long-Term Liabilities $88.17M $88.13M $88.13M
Total Liabilities $165.8M $146.5M $146.5M
YoY Change 50.78% -18.65% -18.65%
SHAREHOLDERS EQUITY
Retained Earnings -$39.93M -$29.96M
YoY Change 249.95% 200.72%
Common Stock $206.7K $204.6K
YoY Change 0.87% 0.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $310.6M $320.1M $320.1M
YoY Change
Total Liabilities & Shareholders Equity $476.4M $466.6M $466.6M
YoY Change 6.38% -10.13% -10.13%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$54.12K -$9.188M $20.95M
YoY Change -100.54% -412.74% -41.69%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $6.373M $6.239M $21.23M
YoY Change 45.4% 61.37% -32.22%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$53.88M $10.01M $28.52M
YoY Change -459.41% -80.81% -274.5%
Cash From Investing Activities -$53.88M $10.01M $28.52M
YoY Change -459.41% -80.81% -274.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $8.180M 32.17M -$68.49M
YoY Change -110.34% -32.99% -524.16%
NET CHANGE
Cash From Operating Activities $6.373M 6.239M $21.23M
Cash From Investing Activities -$53.88M 10.01M $28.52M
Cash From Financing Activities $8.180M 32.17M -$68.49M
Net Change In Cash -$39.33M 48.42M -$18.75M
YoY Change -34.2% -53.46% -160.23%
FREE CASH FLOW
Cash From Operating Activities $6.373M $6.239M $21.23M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2023 us-gaap Accretion Amortization Of Discounts And Premiums Investments
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CY2022 us-gaap Accretion Amortization Of Discounts And Premiums Investments
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CY2023 us-gaap Share Based Compensation
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CY2022 us-gaap Share Based Compensation
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CY2023 afcg Payment In Kind Interest
PaymentInKindInterest
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CY2022 afcg Payment In Kind Interest
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CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2023 us-gaap Increase Decrease In Accrued Interest Receivable Net
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CY2022 us-gaap Increase Decrease In Accrued Interest Receivable Net
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CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2023 afcg Increase Decrease In Interest Reserve
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CY2022 afcg Increase Decrease In Interest Reserve
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CY2022 us-gaap Increase Decrease In Interest Payable Net
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CY2022 us-gaap Increase Decrease In Other Employee Related Liabilities
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CY2023 us-gaap Increase Decrease In Other Operating Liabilities
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CY2022 us-gaap Increase Decrease In Other Operating Liabilities
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CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2022 us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
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CY2023 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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CY2022 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
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CY2023 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
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CY2022 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
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CY2023 us-gaap Proceeds From Issuance Of Common Stock
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CY2023 us-gaap Payments Of Stock Issuance Costs
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CY2022 us-gaap Payments Of Stock Issuance Costs
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CY2022 us-gaap Proceeds From Lines Of Credit
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CY2022 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
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CY2023 us-gaap Repayments Of Senior Debt
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CY2022 us-gaap Repayments Of Senior Debt
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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31126793 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
109246048 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
121626453 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
140372841 usd
CY2023 afcg Interest Reserve Withheld From Funding Of Loan
InterestReserveWithheldFromFundingOfLoan
1500000 usd
CY2022 afcg Interest Reserve Withheld From Funding Of Loan
InterestReserveWithheldFromFundingOfLoan
450000 usd
CY2023 afcg Original Issue Discount Withheld From Funding Of Loans
OriginalIssueDiscountWithheldFromFundingOfLoans
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CY2022 afcg Original Issue Discount Withheld From Funding Of Loans
OriginalIssueDiscountWithheldFromFundingOfLoans
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CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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0 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2023 afcg Dividends Declared But Not Yet Paid
DividendsDeclaredButNotYetPaid
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CY2022 us-gaap Interest Paid Net
InterestPaidNet
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IncomeTaxesPaidNet
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CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:10pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risks</span></div><div style="margin-top:10pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, loans and interest receivable. The Company places its cash and cash equivalents with financial institutions, and, at times, cash held exceeds the Federal Deposit Insurance Corporation insured limit. The Company and the Manager seek to manage this credit risk by monitoring the financial institutions and their ability to continue in business for the foreseeable future.</span></div><div style="margin-top:10pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has exposure to credit risk on its loans and interest receivable. The Company and the Manager seek to manage credit risk by performing due diligence prior to origination or acquisition and through the use of non-recourse financing, when and where available and appropriate.</span></div>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:10pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates in the Preparation of Financial Statements</span></div><div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Actual results could differ from those estimates. Significant estimates include the valuation of loans held for investment at fair value and current expected credit losses.</span></div>
CY2023 afcg Number Of Loans Held For Investments In Portfolio
NumberOfLoansHeldForInvestmentsInPortfolio
2 loan
CY2022 afcg Number Of Loans Held For Investments In Portfolio
NumberOfLoansHeldForInvestmentsInPortfolio
3 loan
CY2023Q4 afcg Loans Held For Investment At Fair Value Aggregate Commitments
LoansHeldForInvestmentAtFairValueAggregateCommitments
94200000 usd
CY2022Q4 afcg Loans Held For Investment At Fair Value Aggregate Commitments
LoansHeldForInvestmentAtFairValueAggregateCommitments
104300000 usd
CY2023Q4 afcg Loans Held For Investment Outstanding Principal Amount
LoansHeldForInvestmentOutstandingPrincipalAmount
71900000 usd
CY2022Q4 afcg Loans Held For Investment Outstanding Principal Amount
LoansHeldForInvestmentOutstandingPrincipalAmount
102400000 usd
CY2023 afcg Loans Held For Investment At Fair Value Funded Of Outstanding Principal
LoansHeldForInvestmentAtFairValueFundedOfOutstandingPrincipal
1900000 usd
CY2023 afcg Proceeds From Principal Repayments Of Loans Held For Investment At Fair Value
ProceedsFromPrincipalRepaymentsOfLoansHeldForInvestmentAtFairValue
34900000 usd
CY2023Q4 us-gaap Loans Receivable Fair Value Disclosure
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CY2023Q4 afcg Loans Held For Investment Cost
LoansHeldForInvestmentCost
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CY2023 afcg Number Of Loans Held For Investments
NumberOfLoansHeldForInvestments
9 loan
CY2022 afcg Number Of Loans Held For Investments
NumberOfLoansHeldForInvestments
9 loan
CY2023Q4 afcg Loans Held For Investment At Carrying Value Aggregate Commitments
LoansHeldForInvestmentAtCarryingValueAggregateCommitments
333100000 usd
CY2022Q4 afcg Loans Held For Investment At Carrying Value Aggregate Commitments
LoansHeldForInvestmentAtCarryingValueAggregateCommitments
338900000 usd
CY2023Q4 afcg Loans Held For Investment Outstanding Principal Amount
LoansHeldForInvestmentOutstandingPrincipalAmount
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CY2023 afcg Loans Held For Investment At Fair Value Weighted Average Remaining Life
LoansHeldForInvestmentAtFairValueWeightedAverageRemainingLife
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CY2022Q4 afcg Loans Held For Investment Cost
LoansHeldForInvestmentCost
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CY2022Q4 afcg Loans Held For Investment Outstanding Principal Amount
LoansHeldForInvestmentOutstandingPrincipalAmount
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CY2022 afcg Loans Held For Investment At Fair Value Weighted Average Remaining Life
LoansHeldForInvestmentAtFairValueWeightedAverageRemainingLife
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LoansHeldForInvestmentOutstandingPrincipalAmount
102376546 usd
CY2022Q4 afcg Loans Held For Investment At Fair Value Original Issue Discount
LoansHeldForInvestmentAtFairValueOriginalIssueDiscount
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CY2023 afcg Loans Held For Investment Realized Gain Loss On Loans At Fair Value Net
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CY2023 afcg Loans Held For Investment At Fair Value Realized Gain Loss On Loans At Fair Value Net
LoansHeldForInvestmentAtFairValueRealizedGainLossOnLoansAtFairValueNet
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CY2023 afcg Loans Held For Investment At Fair Value Unrealized Gains Losses Change In Unrealized Gains Losses On Loans At Fair Value Net
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CY2023 afcg Loans Held For Investment At Fair Value Change In Unrealized Gains Losses On Loans At Fair Value Net
LoansHeldForInvestmentAtFairValueChangeInUnrealizedGainsLossesOnLoansAtFairValueNet
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CY2023 afcg Loans Held For Investment At Fair Value Outstanding Principal New Fundings
LoansHeldForInvestmentAtFairValueOutstandingPrincipalNewFundings
1881840 usd
CY2023 afcg Loans Held For Investment At Fair Value New Funding
LoansHeldForInvestmentAtFairValueNewFunding
1881840 usd
CY2023 afcg Loans Held For Investment At Fair Value Original Issue Discount Accretion Of Original Issue Discount
LoansHeldForInvestmentAtFairValueOriginalIssueDiscountAccretionOfOriginalIssueDiscount
1501162 usd
CY2023 afcg Loans Held For Investment At Fair Value Accretion Of Original Issue Discount
LoansHeldForInvestmentAtFairValueAccretionOfOriginalIssueDiscount
1501162 usd
CY2023 afcg Proceeds From Principal Repayments Of Loans Held For Investment At Fair Value Outstanding Principal
ProceedsFromPrincipalRepaymentsOfLoansHeldForInvestmentAtFairValueOutstandingPrincipal
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CY2023 afcg Proceeds From Principal Repayments Of Loans Held For Investment At Fair Value
ProceedsFromPrincipalRepaymentsOfLoansHeldForInvestmentAtFairValue
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CY2023 afcg Loans Held For Investment At Fair Value Outstanding Principal Payment In Kind Interest
LoansHeldForInvestmentAtFairValueOutstandingPrincipalPaymentInKindInterest
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CY2023 afcg Loans Held For Investment At Fair Value Payment In Kind Interest
LoansHeldForInvestmentAtFairValuePaymentInKindInterest
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CY2023Q4 afcg Loans Held For Investment Outstanding Principal Amount
LoansHeldForInvestmentOutstandingPrincipalAmount
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CY2023Q4 afcg Loans Held For Investment At Fair Value Original Issue Discount
LoansHeldForInvestmentAtFairValueOriginalIssueDiscount
239399 usd
CY2023Q4 afcg Loans Held For Investment At Fair Value Unrealized Gains Losses
LoansHeldForInvestmentAtFairValueUnrealizedGainsLosses
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CY2023Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
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CY2021Q4 afcg Loans Held For Investment Outstanding Principal Amount
LoansHeldForInvestmentOutstandingPrincipalAmount
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CY2021Q4 afcg Loans Held For Investment At Fair Value Original Issue Discount
LoansHeldForInvestmentAtFairValueOriginalIssueDiscount
2717584 usd
CY2021Q4 afcg Loans Held For Investment At Fair Value Unrealized Gains Losses
LoansHeldForInvestmentAtFairValueUnrealizedGainsLosses
2183161 usd
CY2021Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
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CY2022 afcg Loans Held For Investment At Fair Value Unrealized Gains Losses Change In Unrealized Gains Losses On Loans At Fair Value Net
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-3593095 usd
CY2022 afcg Loans Held For Investment At Fair Value Change In Unrealized Gains Losses On Loans At Fair Value Net
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CY2022 afcg Loans Held For Investment At Fair Value Outstanding Principal New Fundings
LoansHeldForInvestmentAtFairValueOutstandingPrincipalNewFundings
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CY2022 afcg Loans Held For Investment At Fair Value Original Issue Discount New Funding
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CY2022 afcg Loans Held For Investment At Fair Value New Funding
LoansHeldForInvestmentAtFairValueNewFunding
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CY2022 afcg Proceeds From Principal Repayments Of Loans Held For Investment At Fair Value Outstanding Principal
ProceedsFromPrincipalRepaymentsOfLoansHeldForInvestmentAtFairValueOutstandingPrincipal
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CY2022 afcg Proceeds From Principal Repayments Of Loans Held For Investment At Fair Value
ProceedsFromPrincipalRepaymentsOfLoansHeldForInvestmentAtFairValue
5397191 usd
CY2022 afcg Loans Held For Investment At Fair Value Outstanding Principal Loan Amortization
LoansHeldForInvestmentAtFairValueOutstandingPrincipalLoanAmortization
-1089776 usd
CY2022 afcg Loans Held For Investment At Fair Value Loan Amortization
LoansHeldForInvestmentAtFairValueLoanAmortization
-1089776 usd
CY2022 afcg Loans Held For Investment At Fair Value Original Issue Discount Accretion Of Original Issue Discount
LoansHeldForInvestmentAtFairValueOriginalIssueDiscountAccretionOfOriginalIssueDiscount
1456298 usd
CY2022 afcg Loans Held For Investment At Fair Value Accretion Of Original Issue Discount
LoansHeldForInvestmentAtFairValueAccretionOfOriginalIssueDiscount
1456298 usd
CY2022 afcg Loans Held For Investment At Fair Value Outstanding Principal Payment In Kind Interest
LoansHeldForInvestmentAtFairValueOutstandingPrincipalPaymentInKindInterest
4626975 usd
CY2022 afcg Loans Held For Investment At Fair Value Payment In Kind Interest
LoansHeldForInvestmentAtFairValuePaymentInKindInterest
4626975 usd
CY2022Q4 afcg Loans Held For Investment At Fair Value Original Issue Discount
LoansHeldForInvestmentAtFairValueOriginalIssueDiscount
1740561 usd
CY2022Q4 afcg Loans Held For Investment At Fair Value Unrealized Gains Losses
LoansHeldForInvestmentAtFairValueUnrealizedGainsLosses
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CY2022Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
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CY2023Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
61720705 usd
CY2023Q4 afcg Loans Held For Investment Cost
LoansHeldForInvestmentCost
71644003 usd
CY2023Q4 afcg Loans Held For Investment Outstanding Principal Amount
LoansHeldForInvestmentOutstandingPrincipalAmount
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CY2022Q4 us-gaap Receivable With Imputed Interest Face Amount
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CY2022Q4 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
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CY2022Q4 afcg Loans Held For Investment Carrying Value
LoansHeldForInvestmentCarryingValue
285177112 usd
CY2023Q4 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
1300000 usd
CY2023Q4 us-gaap Receivable With Imputed Interest Face Amount
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314376929 usd
CY2023Q4 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
13111531 usd
CY2023Q4 afcg Loans Held For Investment Carrying Value
LoansHeldForInvestmentCarryingValue
301265398 usd
CY2022Q4 afcg Number Of Portfolio Loans
NumberOfPortfolioLoans
1 loan
CY2023Q4 afcg Number Of Portfolio Loans
NumberOfPortfolioLoans
1 loan
CY2023Q4 afcg Loans Receivable At Carrying Value Aggregate Commitments
LoansReceivableAtCarryingValueAggregateCommitments
4000000 usd
CY2022Q4 afcg Loans Receivable At Carrying Value Aggregate Commitments
LoansReceivableAtCarryingValueAggregateCommitments
4000000 usd
CY2023Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
2000000 usd
CY2022Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
2200000 usd
CY2023 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
200000 usd
CY2022Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
2222339 usd
CY2022Q4 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
1686 usd
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
2220653 usd
CY2023 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
180595 usd
CY2023 afcg Payments On Loans Receivable Carrying Value
PaymentsOnLoansReceivableCarryingValue
180595 usd
CY2023Q4 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
1686 usd
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
2040058 usd
CY2021Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
2533266 usd
CY2021Q4 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
2678 usd
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
2530588 usd
CY2022 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
337114 usd
CY2022 afcg Payments On Loans Receivable Carrying Value
PaymentsOnLoansReceivableCarryingValue
337114 usd
CY2022 afcg Accretion Of Original Issue Discount
AccretionOfOriginalIssueDiscount
992 usd
CY2022 afcg Accretion Of Original Issue Discount At Carrying Value
AccretionOfOriginalIssueDiscountAtCarryingValue
992 usd
CY2022 afcg Paid In Kind Interest Principal
PaidInKindInterestPrincipal
26187 usd
CY2022 us-gaap Paid In Kind Interest
PaidInKindInterest
26187 usd
CY2022Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
2222339 usd
CY2022Q4 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
1686 usd
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
2220653 usd
CY2022Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
2200000 usd
CY2023Q4 afcg Loans Held For Investment And Financing Receivable Before Allowance For Credit Loss
LoansHeldForInvestmentAndFinancingReceivableBeforeAllowanceForCreditLoss
303305456 usd
CY2023Q4 afcg Interest Receivables
InterestReceivables
2680188 usd
CY2023Q4 afcg Payment In Kind Receivable
PaymentInKindReceivable
1009974 usd
CY2023Q4 afcg Unused Fees Receivable
UnusedFeesReceivable
25833 usd
CY2023Q4 us-gaap Interest Receivable
InterestReceivable
3715995 usd
CY2023 afcg Number Of Loans Included In Loan Funded Interest Reserve
NumberOfLoansIncludedInLoanFundedInterestReserve
0 loan
CY2023 afcg Reserves Disbursed Interest
ReservesDisbursedInterest
4700000 usd
CY2022Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
3200944 usd
CY2021Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
4782271 usd
CY2023 afcg New Reserves Interest
NewReservesInterest
1526065 usd
CY2022 afcg New Reserves Interest
NewReservesInterest
12648888 usd
CY2023 afcg Reserves Disbursed Interest
ReservesDisbursedInterest
4727009 usd
CY2022 afcg Reserves Disbursed Interest
ReservesDisbursedInterest
14230215 usd
CY2022Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
3200944 usd
CY2022Q2 afcg Line Of Credit Facility Accordion Feature Increase Limit
LineOfCreditFacilityAccordionFeatureIncreaseLimit
100000000.0 usd
CY2023 us-gaap Interest Expense Debt
InterestExpenseDebt
5358667 usd
CY2023 us-gaap Line Of Credit Facility Commitment Fee Amount
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1.85

Files In Submission

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