$BMNM
Bimini Capital Management Inc

2020 Q2 Form 10-Q Financial Statement

#000127547721000009 Filed on August 13, 2021

View on sec.gov

Income Statement

Concept 2020 Q2
Revenue $2.527M
YoY Change -39.14%
Cost Of Revenue $342.1K
YoY Change -80.34%
Gross Profit $6.439M
YoY Change 586.35%
Gross Profit Margin 254.8%
Selling, General & Admin $1.685M
YoY Change 5.45%
% of Gross Profit 26.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.31K
YoY Change -5.25%
% of Gross Profit 0.27%
Operating Expenses -$1.685M
YoY Change -205.44%
Operating Profit $8.124M
YoY Change -1331.24%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $4.254M
YoY Change -388.51%
Pretax Income $4.754M
YoY Change -820.53%
Income Tax $1.300M
% Of Pretax Income 27.35%
Net Earnings $3.468M
YoY Change -791.24%
Net Earnings / Revenue 137.24%
Basic Earnings Per Share
Diluted Earnings Per Share $297.9K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.669M
YoY Change -20.64%
Cash & Equivalents $4.669M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $194.2K
Other Receivables $0.00
Total Short-Term Assets $4.864M
YoY Change -26.68%
LONG-TERM ASSETS
Property, Plant & Equipment $2.128M
YoY Change -34.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $52.82M
YoY Change -74.99%
Other Assets $26.06M
YoY Change 3.16%
Total Long-Term Assets $96.44M
YoY Change -61.9%
TOTAL ASSETS
Total Short-Term Assets $4.864M
Total Long-Term Assets $96.44M
Total Assets $101.3M
YoY Change -61.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $69.86K
YoY Change -91.46%
Deferred Revenue
YoY Change
Short-Term Debt $51.62M
YoY Change -74.28%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $51.69M
YoY Change -74.35%
LONG-TERM LIABILITIES
Long-Term Debt $27.62M
YoY Change 3.05%
Other Long-Term Liabilities $883.8K
YoY Change -37.44%
Total Long-Term Liabilities $28.51M
YoY Change 1.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $51.69M
Total Long-Term Liabilities $28.51M
Total Liabilities $80.19M
YoY Change -65.09%
SHAREHOLDERS EQUITY
Retained Earnings -$311.5M
YoY Change 2.19%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $21.10M
YoY Change
Total Liabilities & Shareholders Equity $101.3M
YoY Change -61.0%

Cashflow Statement

Concept 2020 Q2
OPERATING ACTIVITIES
Net Income $3.468M
YoY Change -791.24%
Depreciation, Depletion And Amortization $17.31K
YoY Change -5.25%
Cash From Operating Activities $922.2K
YoY Change -210.62%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$1.389M
YoY Change -229.01%
Cash From Investing Activities -$1.389M
YoY Change -229.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -593.3K
YoY Change -139.29%
NET CHANGE
Cash From Operating Activities 922.2K
Cash From Investing Activities -1.389M
Cash From Financing Activities -593.3K
Net Change In Cash -1.060M
YoY Change -160.46%
FREE CASH FLOW
Cash From Operating Activities $922.2K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Investment Income Interest
InvestmentIncomeInterest
1189068 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3339680 USD
dei Entity Central Index Key
EntityCentralIndexKey
0001275477
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Entity Shell Company
EntityShellCompany
false
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
27449886 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
4211221 USD
dei Entity File Number
EntityFileNumber
001-32171
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Transition Report
DocumentTransitionReport
false
CY2021Q2 us-gaap Due From Affiliate Current
DueFromAffiliateCurrent
794251 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
27612781 USD
dei Document Period End Date
DocumentPeriodEndDate
2021-06-30
dei Entity Registrant Name
EntityRegistrantName
Bimini Capital Management, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
72-1571637
dei Entity Address Address Line1
EntityAddressAddressLine1
3305 Flamingo Drive
dei Entity Address City Or Town
EntityAddressCityOrTown
Vero Beach
dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
32963
dei City Area Code
CityAreaCode
772
dei Local Phone Number
LocalPhoneNumber
231-1400
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2021Q2 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
68973238 USD
CY2020Q4 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
65153274 USD
CY2021Q2 us-gaap Financial Instruments Owned And Not Pledged At Fair Value
FinancialInstrumentsOwnedAndNotPledgedAtFairValue
20392 USD
CY2020Q4 us-gaap Financial Instruments Owned And Not Pledged At Fair Value
FinancialInstrumentsOwnedAndNotPledgedAtFairValue
24957 USD
CY2020Q4 us-gaap Due From Affiliate Current
DueFromAffiliateCurrent
632471 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2185812 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1615083 USD
CY2020Q2 us-gaap Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
59601 USD
CY2020Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
523287 USD
CY2020Q2 us-gaap Investment Income Dividend
InvestmentIncomeDividend
388709 USD
CY2020Q2 us-gaap Revenues
Revenues
2527079 USD
CY2020Q2 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
282457 USD
CY2020Q2 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
2185021 USD
CY2020Q2 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
602136 USD
CY2020Q2 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
0 USD
CY2020Q2 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
3653312 USD
CY2020Q2 us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
-1690 USD
CY2020Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
318 USD
CY2020Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
1046623 USD
CY2020Q2 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
181112 USD
CY2020Q2 us-gaap Professional Fees
ProfessionalFees
187348 USD
CY2020Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
270005 USD
CY2020Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1685088 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1215251 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4754009 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-295465 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1285884 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
3468125 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
3468125 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34625 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34911 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
168638 USD
CY2021Q2 us-gaap Revenues
Revenues
3270356 USD
CY2021Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
578450 USD
us-gaap Investment Income Dividend
InvestmentIncomeDividend
1012189 USD
CY2021Q2 us-gaap Investment Income Dividend
InvestmentIncomeDividend
506094 USD
us-gaap Revenues
Revenues
6412478 USD
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
27855 USD
us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
-5804656 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
642 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-11823372 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
2146667 USD
us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
345693 USD
us-gaap Professional Fees
ProfessionalFees
346641 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
552045 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3391046 USD
us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
-1897862 USD
us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
-5776801 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
0 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-1441406 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
13858 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-556646 USD
us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
161780 USD
us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
-52970 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5210 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
20960 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-28289 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-575438 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-481108 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-489128 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1705661 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2646086 USD
bmnm Payments To Acquire Mortgage Backed Securities Mbs Categorized As Trading
PaymentsToAcquireMortgageBackedSecuritiesMbsCategorizedAsTrading
13139464 USD
bmnm Payments To Acquire Mortgage Backed Securities Mbs Categorized As Trading
PaymentsToAcquireMortgageBackedSecuritiesMbsCategorizedAsTrading
20823373 USD
bmnm Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Trading
ProceedsFromSaleOfMortgageBackedSecuritiesMbsCategorizedAsTrading
0 USD
bmnm Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Trading
ProceedsFromSaleOfMortgageBackedSecuritiesMbsCategorizedAsTrading
171155249 USD
bmnm Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Categorized As Trading
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesCategorizedAsTrading
7426203 USD
bmnm Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Categorized As Trading
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesCategorizedAsTrading
8914759 USD
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
0 USD
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
1500000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5713261 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
154130923 USD
bmnm Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
117034000 USD
bmnm Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
430566397 USD
bmnm Payments For Securities Sold Under Agreements To Repurchase
PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
588903397 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
10730 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
10125 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6264156 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-158194960 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
2256556 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-6710123 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5674994 USD
us-gaap Interest Paid Net
InterestPaidNet
600157 USD
us-gaap Interest Paid Net
InterestPaidNet
2194813 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
13465 USD
us-gaap Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
71197 USD
CY2021Q2 us-gaap Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
31339 USD
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
499112 USD
CY2021Q2 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
249564 USD
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
5842169 USD
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
5037104 USD
CY2021Q2 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
2989453 USD
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-1897862 USD
CY2021Q2 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-505601 USD
us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
0 USD
CY2021Q2 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
0 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-77861 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-754792 USD
CY2021Q2 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-2128193 USD
us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
-133 USD
us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
-5292421 USD
CY2021Q2 us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
-376 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
153973 USD
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
153887 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1821883 USD
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2480283 USD
CY2020Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4254076 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
2190220 USD
CY2021Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
1066690 USD
us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
377634 USD
CY2021Q2 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
189614 USD
CY2021Q2 us-gaap Professional Fees
ProfessionalFees
134735 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
641247 USD
CY2021Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
333382 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3481004 USD
CY2021Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1724421 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
539282 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-10177314 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
168638 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8687508 USD
us-gaap Profit Loss
ProfitLoss
370644 USD
us-gaap Profit Loss
ProfitLoss
-18864822 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-919786 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
39976991 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-22332947 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
17644044 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21112169 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
34487849 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
1290430 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
35778279 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-919786 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
34858493 USD
us-gaap Profit Loss
ProfitLoss
370644 USD
us-gaap Profit Loss
ProfitLoss
-18864822 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
8686736 USD
bmnm Trust Preferred Securities Textblock
TrustPreferredSecuritiesTextblock
<div id="TextBlockContainer158" style="position:relative;font-family:Arial;font-size:14.72px;font-stretch:condensed;color:#000000;line-height:normal;width:474px;height:57px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a6478" style="position:absolute;font-weight:bold;font-style:normal;left:4.475px;top:0px;">NOTE 8.<div style="display:inline-block;width:6.68px"> </div>LONG-TERM DEBT </div><div id="a6485" style="position:absolute;font-weight:bold;font-style:normal;left:4.475px;top:19.4px;"> </div><div id="div_156_XBRL_TS_4979dd6025424a0fa429db0f46b12851" style="position:absolute;left:24px;top:38.8px;float:left;"><div id="TextBlockContainer157" style="position:relative;font-family:Arial;font-size:14.72px;font-stretch:condensed;color:#000000;line-height:normal;width:450px;height:18px;display:inline-block;"><div id="a6486" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:0px;">Long-term<div style="display:inline-block;width:1.82px"> </div>debt at June<div style="display:inline-block;width:1.38px"> </div>30, 2021 and<div style="display:inline-block;width:1.35px"> </div>December 31,<div style="display:inline-block;width:1.31px"> </div>2020 is summarized<div style="display:inline-block;width:0.62px"> </div>as follows:</div></div></div></div><div id="TextBlockContainer162" style="position:relative;font-family:Arial;font-size:13.28px;font-stretch:condensed;color:#000000;line-height:normal;width:723px;height:101px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_160_XBRL_TS_8217995dd1604f3689d2c555be1f8356" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer161" style="position:relative;font-family:Arial;font-size:13.28px;font-stretch:condensed;color:#000000;line-height:normal;width:723px;height:101px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a6491" style="position:absolute;font-weight:normal;font-style:italic;left:4.038px;top:0px;">(in thousands) </div><div id="a6498" style="position:absolute;font-weight:bold;font-style:normal;left:505.891px;top:16.8px;">June 30, 2021 </div><div id="a6500" style="position:absolute;font-weight:bold;font-style:normal;left:612.331px;top:16.8px;">December 31, 2020 </div><div id="a6502" style="position:absolute;font-weight:normal;font-style:normal;left:4.038px;top:33.9px;">Junior subordinated debt </div><div id="a6504" style="position:absolute;font-weight:normal;font-style:normal;left:484.131px;top:33.9px;">$ </div><div id="a6506" style="position:absolute;font-weight:normal;font-style:normal;left:561.291px;top:33.9px;">26,804</div><div id="a6508" style="position:absolute;font-weight:normal;font-style:normal;left:604.171px;top:33.9px;">$ </div><div id="a6510" style="position:absolute;font-weight:normal;font-style:normal;left:681.291px;top:33.9px;">26,804</div><div id="a6512" style="position:absolute;font-weight:normal;font-style:normal;left:4.038px;top:50.8px;">Note payable </div><div id="a6515" style="position:absolute;font-weight:normal;font-style:normal;left:576.491px;top:50.8px;">646</div><div id="a6518" style="position:absolute;font-weight:normal;font-style:normal;left:696.491px;top:50.8px;">657</div><div id="a6520" style="position:absolute;font-weight:normal;font-style:normal;left:4.038px;top:68px;">Paycheck Protection Plan ("PPP") loan</div><div id="a6522" style="position:absolute;font-size:8.64px;font-weight:normal;font-style:normal;left:192.384px;top:68.9px;">(1)</div><div id="a6525" style="position:absolute;font-weight:normal;font-style:normal;left:591.051px;top:68px;">-</div><div id="a6528" style="position:absolute;font-weight:normal;font-style:normal;left:696.491px;top:68px;">152</div><div id="a6530" style="position:absolute;font-weight:normal;font-style:normal;left:4.038px;top:84.9px;">Total </div><div id="a6532" style="position:absolute;font-weight:normal;font-style:normal;left:484.131px;top:84.9px;">$ </div><div id="a6534" style="position:absolute;font-weight:normal;font-style:normal;left:561.291px;top:84.9px;">27,450</div><div id="a6536" style="position:absolute;font-weight:normal;font-style:normal;left:604.171px;top:84.9px;">$ </div><div id="a6538" style="position:absolute;font-weight:normal;font-style:normal;left:681.291px;top:84.9px;">27,613</div></div></div></div><div id="TextBlockContainer164" style="position:relative;font-family:Arial;font-size:14.72px;font-stretch:condensed;color:#000000;line-height:normal;width:731px;height:424px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a6541" style="position:absolute;font-weight:bold;font-style:normal;left:28.475px;top:0px;">Junior Subordinated Debt </div><div id="a6543" style="position:absolute;font-weight:bold;font-style:normal;left:4.475px;top:19.4px;"> </div><div id="a6544" style="position:absolute;font-weight:normal;font-style:normal;left:28.475px;top:38.8px;">During 2005,<div style="display:inline-block;width:1.31px"> </div>Bimini Capital<div style="display:inline-block;width:1.09px"> </div>sponsored the<div style="display:inline-block;width:1.29px"> </div>formation<div style="display:inline-block;width:1.84px"> </div>of a statutory<div style="display:inline-block;width:1.08px"> </div>trust, known<div style="display:inline-block;width:1.32px"> </div>as Bimini Capital<div style="display:inline-block;width:0.67px"> </div>Trust II (“BCTII”)<div style="display:inline-block;width:0.75px"> </div>of which 100%<div style="display:inline-block;width:1.33px"> </div>of </div><div id="a6548" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:58.2px;">the common<div style="display:inline-block;width:1.73px"> </div>equity is owned<div style="display:inline-block;width:0.98px"> </div>by Bimini<div style="display:inline-block;width:1.79px"> </div>Capital.<div style="display:inline-block;width:5.15px"> </div>It was formed<div style="display:inline-block;width:1.14px"> </div>for the purpose<div style="display:inline-block;width:0.88px"> </div>of issuing<div style="display:inline-block;width:1.8px"> </div>trust preferred<div style="display:inline-block;width:0.83px"> </div>capital securities<div style="display:inline-block;width:0.68px"> </div>to third-party </div><div id="a6555" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:77.5px;">investors and<div style="display:inline-block;width:1.32px"> </div>investing the<div style="display:inline-block;width:1.33px"> </div>proceeds<div style="display:inline-block;width:1.86px"> </div>from the sale<div style="display:inline-block;width:1.26px"> </div>of such capital<div style="display:inline-block;width:0.9px"> </div>securities<div style="display:inline-block;width:1.81px"> </div>solely in<div style="display:inline-block;width:1.83px"> </div>junior subordinated<div style="display:inline-block;width:0.21px"> </div>debt securities<div style="display:inline-block;width:1.04px"> </div>of Bimini<div style="display:inline-block;width:1.85px"> </div>Capital. </div><div id="a6557" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:96.7px;">The debt securities<div style="display:inline-block;width:0.43px"> </div>held by BCTII<div style="display:inline-block;width:1.1px"> </div>are the sole<div style="display:inline-block;width:1.39px"> </div>assets of BCTII. </div><div id="a6565" style="position:absolute;font-weight:normal;font-style:normal;left:28.475px;top:116.1px;"> </div><div id="a6566" style="position:absolute;font-weight:normal;font-style:normal;left:28.475px;top:135.4px;">As of June<div style="display:inline-block;width:1.7px"> </div>30, 2021 and<div style="display:inline-block;width:1.35px"> </div>December 31,<div style="display:inline-block;width:1.31px"> </div>2020,<div style="display:inline-block;width:2.47px"> </div>the outstanding<div style="display:inline-block;width:0.96px"> </div>principal balance<div style="display:inline-block;width:0.77px"> </div>on the junior<div style="display:inline-block;width:1.08px"> </div>subordinated<div style="display:inline-block;width:1.4px"> </div>debt securities<div style="display:inline-block;width:1.04px"> </div>owed to </div><div id="a6574" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:154.8px;">BCTII was<div style="display:inline-block;width:1.61px"> </div>$</div><div id="a6574_11_4" style="position:absolute;font-weight:normal;font-style:normal;left:68.315px;top:154.8px;">26.8</div><div id="a6574_15_125" style="position:absolute;font-weight:normal;font-style:normal;left:91.195px;top:154.8px;"><div style="display:inline-block;width:3.2px"> </div>million.<div style="display:inline-block;width:5.32px"> </div>The BCTII<div style="display:inline-block;width:1.79px"> </div>trust preferred<div style="display:inline-block;width:0.99px"> </div>securities<div style="display:inline-block;width:1.81px"> </div>and Bimini<div style="display:inline-block;width:1.72px"> </div>Capital's BCTII<div style="display:inline-block;width:0.93px"> </div>Junior Subordinated<div style="display:inline-block;width:0.28px"> </div>Notes have<div style="display:inline-block;width:1.65px"> </div>a rate of interest </div><div id="a6576" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:174.2px;">that floats<div style="display:inline-block;width:1.57px"> </div>at a spread<div style="display:inline-block;width:1.52px"> </div>of </div><div id="a6576_27_4" style="position:absolute;font-weight:normal;font-style:normal;left:133.275px;top:174.2px;">3.50</div><div id="a6576_31_90" style="position:absolute;font-weight:normal;font-style:normal;left:156.155px;top:174.2px;">% over the<div style="display:inline-block;width:1.65px"> </div>prevailing<div style="display:inline-block;width:1.78px"> </div>three-month<div style="display:inline-block;width:1.55px"> </div>LIBOR rate.<div style="display:inline-block;width:4.61px"> </div>As of June<div style="display:inline-block;width:1.67px"> </div>30, 2021, the<div style="display:inline-block;width:1.35px"> </div>interest rate<div style="display:inline-block;width:1.21px"> </div>was </div><div id="a6576_121_4" style="position:absolute;font-weight:normal;font-style:normal;left:623.608px;top:174.2px;">3.62</div><div id="a6576_125_13" style="position:absolute;font-weight:normal;font-style:normal;left:646.689px;top:174.2px;">%. The BCTII </div><div id="a6584" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:193.6px;">trust preferred<div style="display:inline-block;width:0.83px"> </div>securities<div style="display:inline-block;width:1.81px"> </div>and Bimini<div style="display:inline-block;width:1.72px"> </div>Capital's BCTII<div style="display:inline-block;width:0.9px"> </div>Junior Subordinated<div style="display:inline-block;width:0.28px"> </div>Notes require<div style="display:inline-block;width:1.14px"> </div>quarterly interest<div style="display:inline-block;width:0.65px"> </div>distributions<div style="display:inline-block;width:1.35px"> </div>and are redeemable </div><div id="a6587" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:212.9px;">at Bimini Capital's<div style="display:inline-block;width:0.43px"> </div>option, in<div style="display:inline-block;width:1.72px"> </div>whole or in<div style="display:inline-block;width:1.47px"> </div>part and without<div style="display:inline-block;width:0.66px"> </div>penalty. Bimini Capital's<div style="display:inline-block;width:0.62px"> </div>BCTII Junior<div style="display:inline-block;width:1.24px"> </div>Subordinated<div style="display:inline-block;width:1.31px"> </div>Notes are<div style="display:inline-block;width:1.75px"> </div>subordinate<div style="display:inline-block;width:1.85px"> </div>and </div><div id="a6589" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:232.3px;">junior in right<div style="display:inline-block;width:0.97px"> </div>of payment<div style="display:inline-block;width:1.71px"> </div>to all present<div style="display:inline-block;width:1.14px"> </div>and future<div style="display:inline-block;width:1.63px"> </div>senior indebtedness.<div style="display:inline-block;width:0.31px"> </div></div><div id="a6592" style="position:absolute;font-weight:normal;font-style:normal;left:28.475px;top:251.6px;"> </div><div id="a6593" style="position:absolute;font-weight:normal;font-style:normal;left:28.475px;top:271px;">BCTII is a<div style="display:inline-block;width:1.57px"> </div>VIE because<div style="display:inline-block;width:1.63px"> </div>the holders<div style="display:inline-block;width:1.55px"> </div>of the equity<div style="display:inline-block;width:1.26px"> </div>investment<div style="display:inline-block;width:1.78px"> </div>at risk do<div style="display:inline-block;width:1.58px"> </div>not have substantive<div style="display:inline-block;width:0.29px"> </div>decision-making<div style="display:inline-block;width:1.08px"> </div>ability over<div style="display:inline-block;width:1.34px"> </div>BCTII’s </div><div id="a6596" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:290.4px;">activities.<div style="display:inline-block;width:1.71px"> </div>Since Bimini<div style="display:inline-block;width:1.43px"> </div>Capital's<div style="display:inline-block;width:1.6px"> </div>investment<div style="display:inline-block;width:1.78px"> </div>in BCTII’s<div style="display:inline-block;width:1.81px"> </div>common equity<div style="display:inline-block;width:1.18px"> </div>securities<div style="display:inline-block;width:1.91px"> </div>was financed<div style="display:inline-block;width:1.22px"> </div>directly by<div style="display:inline-block;width:1.65px"> </div>BCTII as<div style="display:inline-block;width:1.84px"> </div>a result of<div style="display:inline-block;width:1.54px"> </div>its loan of<div style="display:inline-block;width:1.6px"> </div>the </div><div id="a6598" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:309.7px;">proceeds to<div style="display:inline-block;width:1.55px"> </div>Bimini Capital,<div style="display:inline-block;width:0.94px"> </div>that investment<div style="display:inline-block;width:1.01px"> </div>is not considered<div style="display:inline-block;width:0.57px"> </div>to be an equity<div style="display:inline-block;width:0.95px"> </div>investment<div style="display:inline-block;width:1.78px"> </div>at risk. Since<div style="display:inline-block;width:0.97px"> </div>Bimini Capital's<div style="display:inline-block;width:0.9px"> </div>common share </div><div id="a6600" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:329.1px;">investment<div style="display:inline-block;width:1.78px"> </div>in BCTII<div style="display:inline-block;width:1.84px"> </div>is not a variable<div style="display:inline-block;width:0.73px"> </div>interest,<div style="display:inline-block;width:1.85px"> </div>Bimini Capital<div style="display:inline-block;width:1.16px"> </div>is not the<div style="display:inline-block;width:1.56px"> </div>primary beneficiary<div style="display:inline-block;width:0.43px"> </div>of BCTII.<div style="display:inline-block;width:1.65px"> </div>Therefore,<div style="display:inline-block;width:1.75px"> </div>Bimini Capital<div style="display:inline-block;width:1.09px"> </div>has not </div><div id="a6602" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:348.4px;">consolidated<div style="display:inline-block;width:1.49px"> </div>the financial<div style="display:inline-block;width:1.17px"> </div>statements<div style="display:inline-block;width:1.75px"> </div>of BCTII<div style="display:inline-block;width:1.8px"> </div>into its consolidated<div style="display:inline-block;width:0.2px"> </div>financial statements,<div style="display:inline-block;width:0.18px"> </div>and this investment<div style="display:inline-block;width:0.3px"> </div>is accounted<div style="display:inline-block;width:1.33px"> </div>for on the<div style="display:inline-block;width:1.61px"> </div>equity </div><div id="a6604" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:367.8px;">method. </div><div id="a6606" style="position:absolute;font-weight:normal;font-style:normal;left:28.475px;top:387.2px;"> </div><div id="a6607" style="position:absolute;font-weight:normal;font-style:normal;left:28.475px;top:406.5px;">The accompanying<div style="display:inline-block;width:0.88px"> </div>consolidated<div style="display:inline-block;width:1.2px"> </div>financial statements<div style="display:inline-block;width:0.34px"> </div>present Bimini<div style="display:inline-block;width:0.96px"> </div>Capital's BCTII<div style="display:inline-block;width:0.83px"> </div>Junior Subordinated<div style="display:inline-block;width:0.28px"> </div>Notes issued<div style="display:inline-block;width:1.42px"> </div>to BCTII<div style="display:inline-block;width:1.8px"> </div>as a </div></div><div id="TextBlockContainer168" style="position:relative;font-family:Arial;font-size:14.72px;font-stretch:condensed;color:#000000;line-height:normal;width:732px;height:347px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a6616" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:0px;">liability and<div style="display:inline-block;width:1.4px"> </div>Bimini Capital's<div style="display:inline-block;width:0.74px"> </div>investment<div style="display:inline-block;width:1.62px"> </div>in the common<div style="display:inline-block;width:1.3px"> </div>equity securities<div style="display:inline-block;width:0.64px"> </div>of BCTII<div style="display:inline-block;width:1.8px"> </div>as an asset<div style="display:inline-block;width:1.61px"> </div>(included in<div style="display:inline-block;width:1.47px"> </div>other assets).<div style="display:inline-block;width:4.3px"> </div>For financial </div><div id="a6618" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:19.4px;">statement<div style="display:inline-block;width:1.86px"> </div>purposes, Bimini<div style="display:inline-block;width:0.87px"> </div>Capital records<div style="display:inline-block;width:0.9px"> </div>payments of<div style="display:inline-block;width:1.59px"> </div>interest<div style="display:inline-block;width:1.85px"> </div>on the Junior<div style="display:inline-block;width:1.24px"> </div>Subordinated<div style="display:inline-block;width:1.31px"> </div>Notes issued<div style="display:inline-block;width:1.42px"> </div>to BCTII<div style="display:inline-block;width:1.8px"> </div>as interest<div style="display:inline-block;width:1.74px"> </div>expense. </div><div id="a6621" style="position:absolute;font-weight:bold;font-style:normal;left:28.475px;top:38.7px;"> </div><div id="a6622" style="position:absolute;font-weight:bold;font-style:normal;left:28.475px;top:58px;">Note Payable </div><div id="a6624" style="position:absolute;font-weight:normal;font-style:normal;left:28.475px;top:77.5px;"> </div><div id="a6625" style="position:absolute;font-weight:normal;font-style:normal;left:28.475px;top:96.8px;">On October<div style="display:inline-block;width:1.75px"> </div>30, 2019,<div style="display:inline-block;width:1.81px"> </div>the Company<div style="display:inline-block;width:1.48px"> </div>borrowed<div style="display:inline-block;width:1.85px"> </div>$</div><div id="a6625_43_7" style="position:absolute;font-weight:normal;font-style:normal;left:276.794px;top:96.8px;">680,000</div><div id="a6625_50_74" style="position:absolute;font-weight:normal;font-style:normal;left:319.422px;top:96.8px;"><div style="display:inline-block;width:3.2px"> </div>from a bank.<div style="display:inline-block;width:1.54px"> </div>The note is<div style="display:inline-block;width:1.55px"> </div>payable in<div style="display:inline-block;width:1.6px"> </div>equal monthly<div style="display:inline-block;width:1.32px"> </div>principal and<div style="display:inline-block;width:1.31px"> </div>interest </div><div id="a6628" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:116.2px;">installments<div style="display:inline-block;width:1.54px"> </div>of approximately<div style="display:inline-block;width:0.71px"> </div>$</div><div id="a6628_31_5" style="position:absolute;font-weight:normal;font-style:normal;left:165.434px;top:116.2px;">4,500</div><div id="a6628_36_100" style="position:absolute;font-weight:normal;font-style:normal;left:194.874px;top:116.2px;"><div style="display:inline-block;width:3.2px"> </div>through October<div style="display:inline-block;width:0.92px"> </div>30, 2039.<div style="display:inline-block;width:1.81px"> </div>Interest accrues<div style="display:inline-block;width:0.83px"> </div>at 4.89% through<div style="display:inline-block;width:0.69px"> </div>October 30,<div style="display:inline-block;width:1.55px"> </div>2024. Thereafter,<div style="display:inline-block;width:1.31px"> </div>interest </div><div id="a6630" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:135.5px;">accrues based<div style="display:inline-block;width:1.32px"> </div>on the weekly<div style="display:inline-block;width:1.22px"> </div>average yield<div style="display:inline-block;width:1.16px"> </div>to the United<div style="display:inline-block;width:1.21px"> </div>States Treasury<div style="display:inline-block;width:1.31px"> </div>securities<div style="display:inline-block;width:1.81px"> </div>adjusted to<div style="display:inline-block;width:1.41px"> </div>a constant<div style="display:inline-block;width:1.73px"> </div>maturity of<div style="display:inline-block;width:1.56px"> </div>5 years,<div style="display:inline-block;width:1.85px"> </div>plus </div><div id="a6630_132_4" style="position:absolute;font-weight:normal;font-style:normal;left:686.3px;top:135.5px;">3.25</div><div id="a6630_136_3" style="position:absolute;font-weight:normal;font-style:normal;left:709.18px;top:135.5px;">%. </div><div id="a6632" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:154.9px;">The note is<div style="display:inline-block;width:1.55px"> </div>secured by<div style="display:inline-block;width:1.75px"> </div>a mortgage<div style="display:inline-block;width:1.49px"> </div>on the Company’s<div style="display:inline-block;width:0.99px"> </div>office building. </div><div id="a6634" style="position:absolute;font-weight:normal;font-style:normal;left:28.475px;top:174.3px;"> </div><div id="a6635" style="position:absolute;font-weight:bold;font-style:normal;left:28.475px;top:193.5px;">Paycheck Protection<div style="display:inline-block;width:0.14px"> </div>Plan Loan </div><div id="a6637" style="position:absolute;font-weight:normal;font-style:normal;left:28.475px;top:213px;"> </div><div id="a6638" style="position:absolute;font-weight:normal;font-style:normal;left:28.475px;top:232.3px;">On April 13,<div style="display:inline-block;width:1.37px"> </div>2020, the<div style="display:inline-block;width:1.81px"> </div>Company received<div style="display:inline-block;width:0.8px"> </div>approximately<div style="display:inline-block;width:1.33px"> </div>$</div><div id="a6638_55_7" style="position:absolute;font-weight:normal;font-style:normal;left:330.234px;top:232.3px;">152,000</div><div id="a6638_62_62" style="position:absolute;font-weight:normal;font-style:normal;left:372.634px;top:232.3px;"><div style="display:inline-block;width:3.3px"> </div>through the<div style="display:inline-block;width:1.48px"> </div>Paycheck Protection<div style="display:inline-block;width:0.35px"> </div>Program (“PPP”)<div style="display:inline-block;width:0.7px"> </div>of the CARES </div><div id="a6640" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:251.6px;">Act in the<div style="display:inline-block;width:1.67px"> </div>form of a<div style="display:inline-block;width:1.8px"> </div>low interest<div style="display:inline-block;width:1.51px"> </div>loan.<div style="display:inline-block;width:5.66px"> </div>PPP loans<div style="display:inline-block;width:1.72px"> </div>carry a fixed<div style="display:inline-block;width:1.29px"> </div>rate of </div><div id="a6640_73_4" style="position:absolute;font-weight:normal;font-style:normal;left:361.754px;top:251.6px;">1.00</div><div id="a6640_77_69" style="position:absolute;font-weight:normal;font-style:normal;left:384.634px;top:251.6px;">% and a term<div style="display:inline-block;width:1.32px"> </div>of two years,<div style="display:inline-block;width:1.32px"> </div>if not forgiven,<div style="display:inline-block;width:0.8px"> </div>in whole or<div style="display:inline-block;width:1.61px"> </div>in part. The </div><div id="a6643" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:270.9px;">Small Business<div style="display:inline-block;width:1.16px"> </div>Administration<div style="display:inline-block;width:0.98px"> </div>notified the<div style="display:inline-block;width:1.41px"> </div>Company that,<div style="display:inline-block;width:1.21px"> </div>effective as<div style="display:inline-block;width:1.7px"> </div>of April 22,<div style="display:inline-block;width:1.33px"> </div>2021, all principal<div style="display:inline-block;width:0.45px"> </div>and accrued<div style="display:inline-block;width:1.56px"> </div>interest under<div style="display:inline-block;width:0.9px"> </div>the PPP </div><div id="a6647" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:290.3px;">loan has been<div style="display:inline-block;width:1.27px"> </div>forgiven.<div style="display:inline-block;width:1.89px"> </div></div><div id="a6650" style="position:absolute;font-weight:normal;font-style:normal;left:28.475px;top:309.7px;"> </div><div id="div_166_XBRL_TS_1086eeb65ad44d11a4ca3917bf363b87" style="position:absolute;left:24px;top:329px;float:left;"><div id="TextBlockContainer167" style="position:relative;font-family:Arial;font-size:14.72px;font-stretch:condensed;color:#000000;line-height:normal;width:536px;height:18px;display:inline-block;"><div id="a6651" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:0px;">The table<div style="display:inline-block;width:1.83px"> </div>below presents<div style="display:inline-block;width:1.05px"> </div>the future<div style="display:inline-block;width:1.63px"> </div>scheduled principal<div style="display:inline-block;width:0.5px"> </div>payments on<div style="display:inline-block;width:1.44px"> </div>the Company’s<div style="display:inline-block;width:1.55px"> </div>long-term<div style="display:inline-block;width:1.82px"> </div>debt.</div></div></div></div><div id="TextBlockContainer172" style="position:relative;font-family:Arial;font-size:13.28px;font-stretch:condensed;color:#000000;line-height:normal;width:723px;height:135px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_170_XBRL_TS_41781ed071c14869b4a188835d7c89cd" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer171" style="position:relative;font-family:Arial;font-size:13.28px;font-stretch:condensed;color:#000000;line-height:normal;width:723px;height:135px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a6658" style="position:absolute;font-weight:normal;font-style:italic;left:4.038px;top:0px;">(in thousands) </div><div id="a6662" style="position:absolute;font-weight:normal;font-style:normal;left:4.038px;top:16.9px;">Last six months of 2021 </div><div id="a6665" style="position:absolute;font-weight:normal;font-style:normal;left:604.171px;top:16.9px;">$ </div><div id="a6667" style="position:absolute;font-weight:normal;font-style:normal;left:702.571px;top:16.9px;">11</div><div id="a6669" style="position:absolute;font-weight:normal;font-style:normal;left:4.038px;top:33.9px;">2022 </div><div id="a6672" style="position:absolute;font-weight:normal;font-style:normal;left:702.571px;top:33.9px;">23</div><div id="a6674" style="position:absolute;font-weight:normal;font-style:normal;left:4.038px;top:51px;">2023 </div><div id="a6677" style="position:absolute;font-weight:normal;font-style:normal;left:702.571px;top:51px;">24</div><div id="a6679" style="position:absolute;font-weight:normal;font-style:normal;left:4.038px;top:68px;">2024 </div><div id="a6682" style="position:absolute;font-weight:normal;font-style:normal;left:702.571px;top:68px;">25</div><div id="a6684" style="position:absolute;font-weight:normal;font-style:normal;left:4.038px;top:84.9px;">2025 </div><div id="a6687" style="position:absolute;font-weight:normal;font-style:normal;left:702.571px;top:84.9px;">26</div><div id="a6689" style="position:absolute;font-weight:normal;font-style:normal;left:4.038px;top:101.9px;">After 2025 </div><div id="a6692" style="position:absolute;font-weight:normal;font-style:normal;left:681.291px;top:101.9px;">27,341</div><div id="a6694" style="position:absolute;font-weight:normal;font-style:normal;left:4.038px;top:119px;">Total </div><div id="a6696" style="position:absolute;font-weight:normal;font-style:normal;left:604.171px;top:119px;">$ </div><div id="a6698" style="position:absolute;font-weight:normal;font-style:normal;left:681.291px;top:119px;">27,450</div></div></div></div>
bmnm Scheduleofcashcashequivalentsandrestrictedcashtabletextblock
Scheduleofcashcashequivalentsandrestrictedcashtabletextblock
<div id="TextBlockContainer18" style="position:relative;font-family:Arial;font-size:14.72px;font-stretch:condensed;color:#000000;line-height:normal;width:719px;height:37px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a2870_25_110" style="position:absolute;font-weight:normal;font-style:normal;left:128.342px;top:0px;">The following<div style="display:inline-block;width:1.04px"> </div>table presents<div style="display:inline-block;width:1.12px"> </div>the Company’s<div style="display:inline-block;width:1.45px"> </div>cash, cash<div style="display:inline-block;width:1.8px"> </div>equivalents<div style="display:inline-block;width:1.49px"> </div>and restricted<div style="display:inline-block;width:0.94px"> </div>cash as of<div style="display:inline-block;width:1.87px"> </div>June 30,<div style="display:inline-block;width:1.84px"> </div>2021 and </div><div id="a2876" style="position:absolute;font-weight:normal;font-style:normal;left:4.475px;top:19.4px;">December 31,<div style="display:inline-block;width:1.31px"> </div>2020.</div></div><div id="TextBlockContainer26" style="position:relative;font-family:Arial;font-size:13.28px;font-stretch:condensed;color:#000000;line-height:normal;width:723px;height:67px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_22_XBRL_TS_3805c7f2cc10422da74e992430689181" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer25" style="position:relative;font-family:Arial;font-size:13.28px;font-stretch:condensed;color:#000000;line-height:normal;width:723px;height:67px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_23_XBRL_TS_183af55a317e4c1ab1c766632b5f6edf" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer24" style="position:relative;font-family:Arial;font-size:13.28px;font-stretch:condensed;color:#000000;line-height:normal;width:723px;height:67px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a2881" style="position:absolute;font-weight:bold;font-style:normal;left:505.891px;top:0px;">June 30, 2021 </div><div id="a2883" style="position:absolute;font-weight:bold;font-style:normal;left:612.331px;top:0px;">December 31, 2020 </div><div id="a2885" style="position:absolute;font-weight:normal;font-style:normal;left:4.038px;top:15.4px;">Cash and cash equivalents </div><div id="a2887" style="position:absolute;font-weight:normal;font-style:normal;left:484.131px;top:15.4px;">$ </div><div id="a2889" style="position:absolute;font-weight:normal;font-style:normal;left:546.091px;top:15.4px;">7,275,488</div><div id="a2891" style="position:absolute;font-weight:normal;font-style:normal;left:604.171px;top:15.4px;">$ </div><div id="a2893" style="position:absolute;font-weight:normal;font-style:normal;left:666.091px;top:15.4px;">7,558,342</div><div id="a2895" style="position:absolute;font-weight:normal;font-style:normal;left:4.038px;top:32.6px;">Restricted cash </div><div id="a2898" style="position:absolute;font-weight:normal;font-style:normal;left:546.091px;top:32.6px;">5,892,425</div><div id="a2901" style="position:absolute;font-weight:normal;font-style:normal;left:666.091px;top:32.6px;">3,353,015</div><div id="a2903" style="position:absolute;font-weight:bold;font-style:normal;left:4.038px;top:50.4px;">Total cash, cash equivalents<div style="display:inline-block;width:4.62px"> </div>and restricted cash </div><div id="a2905" style="position:absolute;font-weight:normal;font-style:normal;left:484.131px;top:50.5px;">$ </div><div id="a2907" style="position:absolute;font-weight:normal;font-style:normal;left:539.971px;top:50.5px;">13,167,913</div><div id="a2909" style="position:absolute;font-weight:normal;font-style:normal;left:604.171px;top:50.5px;">$ </div><div id="a2911" style="position:absolute;font-weight:normal;font-style:normal;left:660.011px;top:50.5px;">10,911,357</div></div></div></div></div></div>
CY2020Q4 bmnm Gross Amount Of Financial Instruments Posted Not Offset In Balance Sheet
GrossAmountOfFinancialInstrumentsPostedNotOffsetInBalanceSheet
-61719000 USD
CY2020Q4 bmnm Gross Amounts Of Cash Posted Not Offset In Balance Sheet
GrossAmountsOfCashPostedNotOffsetInBalanceSheet
-3352000 USD
CY2020Q4 bmnm Net Amount Of Liabilities
NetAmountOfLiabilities
0 USD
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
27450000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
27613000 USD
CY2021Q2 us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
0 USD
CY2020Q2 us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
-2000 USD
CY2021Q2 bmnm Gross Amount Of Recognized Liabilties
GrossAmountOfRecognizedLiabilties
71346000 USD
CY2021Q2 bmnm Gross Amount Of Liabilties Offset In The Balance Sheet
GrossAmountOfLiabiltiesOffsetInTheBalanceSheet
0 USD
CY2021Q2 bmnm Net Amount Of Liabilities Presented In The Balance Sheet
NetAmountOfLiabilitiesPresentedInTheBalanceSheet
71346000 USD
CY2021Q2 bmnm Gross Amount Of Financial Instruments Posted Not Offset In Balance Sheet
GrossAmountOfFinancialInstrumentsPostedNotOffsetInBalanceSheet
-65454000 USD
CY2021Q2 bmnm Gross Amounts Of Cash Posted Not Offset In Balance Sheet
GrossAmountsOfCashPostedNotOffsetInBalanceSheet
-5892000 USD
CY2021Q2 bmnm Net Amount Of Liabilities
NetAmountOfLiabilities
0 USD
CY2020Q4 bmnm Gross Amount Of Recognized Liabilties
GrossAmountOfRecognizedLiabilties
65071000 USD
CY2020Q4 bmnm Gross Amount Of Liabilties Offset In The Balance Sheet
GrossAmountOfLiabiltiesOffsetInTheBalanceSheet
0 USD
CY2020Q4 bmnm Net Amount Of Liabilities Presented In The Balance Sheet
NetAmountOfLiabilitiesPresentedInTheBalanceSheet
65071000 USD
bmnm Scheduled Principal Payments
ScheduledPrincipalPayments
27450000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-300000 USD
bmnm Payments For Securities Sold Under Agreements To Repurchase
PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
110759114 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
152165 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
153724 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-77861 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-754792 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
3615712 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1200000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4800000 USD
bmnm Advisory Services Other Segments
AdvisoryServicesOtherSegments
0 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
2201000 USD
us-gaap Interest And Debt Expense
InterestAndDebtExpense
570000 USD
bmnm Net Segment Revenue
NetSegmentRevenue
5842000 USD
us-gaap Other Income
OtherIncome
-1822000 USD
us-gaap Operating Expenses
OperatingExpenses
3481000 USD
bmnm Intercompany Expenses
IntercompanyExpenses
0 USD
bmnm Advisory Services Other Segments
AdvisoryServicesOtherSegments
0 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
3317000 USD
us-gaap Interest And Debt Expense
InterestAndDebtExpense
1620000 USD
bmnm Net Segment Revenue
NetSegmentRevenue
5037000 USD
us-gaap Other Income
OtherIncome
-11823000 USD
us-gaap Operating Expenses
OperatingExpenses
3391000 USD
bmnm Intercompany Expenses
IntercompanyExpenses
0 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2186000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1215000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1615000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4754000 USD
us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
0 USD
us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
-5292000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8700000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
500000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-10200000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1300000 USD
CY2020Q2 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
11200000 USD
CY2020Q2 bmnm Advisory Services Other Segments
AdvisoryServicesOtherSegments
0 USD
CY2020Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
912000 USD
CY2020Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
342000 USD
CY2020Q2 bmnm Net Segment Revenue
NetSegmentRevenue
2185000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3340000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-10177000 USD
CY2021Q2 bmnm Advisory Services Other Segments
AdvisoryServicesOtherSegments
0 USD
CY2021Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
281000 USD
CY2021Q2 bmnm Net Segment Revenue
NetSegmentRevenue
2989000 USD
CY2021Q2 us-gaap Other Income
OtherIncome
-2480000 USD
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
-1724000 USD
CY2020Q2 us-gaap Other Income
OtherIncome
4254000 USD
CY2020Q2 us-gaap Operating Expenses
OperatingExpenses
-1685000 USD
CY2020Q2 bmnm Intercompany Expenses
IntercompanyExpenses
0 USD
CY2021Q2 bmnm Intercompany Expenses
IntercompanyExpenses
0 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
4211000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
539000 USD

Files In Submission

Name View Source Status
0001275477-21-000009-index-headers.html Edgar Link pending
0001275477-21-000009-index.html Edgar Link pending
0001275477-21-000009.txt Edgar Link pending
0001275477-21-000009-xbrl.zip Edgar Link pending
bmnm-20210630.xsd Edgar Link pending
bmnm-20210630_cal.xml Edgar Link unprocessable
bmnm-20210630_def.xml Edgar Link unprocessable
bmnm-20210630_lab.xml Edgar Link unprocessable
bmnm-20210630_pre.xml Edgar Link unprocessable
bmnm10q20210630.htm Edgar Link pending
bmnm10q20210630p1i0.jpg Edgar Link pending
bmnm10q20210630x311.htm Edgar Link pending
bmnm10q20210630x312.htm Edgar Link pending
bmnm10q20210630x321.htm Edgar Link pending
bmnm10q20210630x322.htm Edgar Link pending
bmnm10q20210630_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending