2023 Q1 Form 10-K Financial Statement
#000090831123000020 Filed on March 31, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $28.91M | $25.87M | $101.9M |
YoY Change | 16.67% | 2.96% | 12.08% |
Cost Of Revenue | $17.08M | $14.57M | $57.95M |
YoY Change | 28.39% | -4.92% | 10.86% |
Gross Profit | $11.83M | $11.30M | $43.96M |
YoY Change | 3.08% | 15.25% | 13.72% |
Gross Profit Margin | 40.92% | 43.69% | 43.13% |
Selling, General & Admin | $5.285M | $1.916M | $7.092M |
YoY Change | 191.18% | 20.2% | 1.5% |
% of Gross Profit | 44.67% | 16.95% | 16.13% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $9.604M | $5.316M | $20.50M |
YoY Change | 90.67% | 6.81% | 1.53% |
% of Gross Profit | 81.18% | 47.03% | 46.63% |
Operating Expenses | $14.79M | $7.193M | $27.44M |
YoY Change | 116.85% | 10.0% | 1.26% |
Operating Profit | -$2.956M | $4.110M | $16.52M |
YoY Change | -163.45% | 25.76% | 42.95% |
Interest Expense | $6.236M | -$2.850M | $9.604M |
YoY Change | 187.37% | 48.21% | 2.03% |
% of Operating Profit | -69.34% | 58.15% | |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$7.320M | $1.260M | $7.076M |
YoY Change | -380.57% | -6.32% | 230.5% |
Income Tax | $256.0K | $316.0K | $1.131M |
% Of Pretax Income | 25.08% | 15.98% | |
Net Earnings | -$6.951M | -$8.941M | $5.918M |
YoY Change | -402.61% | -1442.49% | -796.24% |
Net Earnings / Revenue | -24.04% | -34.56% | 5.81% |
Basic Earnings Per Share | -$0.56 | -$1.11 | |
Diluted Earnings Per Share | -$0.56 | -$0.39 | -$1.11 |
COMMON SHARES | |||
Basic Shares Outstanding | 22.74M shares | 22.74M shares | 23.15M shares |
Diluted Shares Outstanding | 22.71M shares | 23.15M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $22.49M | $46.19M | $46.19M |
YoY Change | 31.87% | 107.03% | 107.03% |
Cash & Equivalents | $22.49M | $46.19M | $46.19M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | $7.982M | $3.780M | $3.780M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $30.47M | $49.97M | $49.97M |
YoY Change | 52.31% | 94.38% | 94.38% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $715.9M | $502.0M | $502.0M |
YoY Change | 43.91% | 0.81% | 0.81% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $28.38M | $12.38M | $12.38M |
YoY Change | 25.95% | ||
Other Assets | $58.24M | $48.83M | $48.83M |
YoY Change | 18.06% | 2.95% | 2.95% |
Total Long-Term Assets | $927.1M | $640.3M | $640.3M |
YoY Change | 38.73% | 0.81% | 0.81% |
TOTAL ASSETS | |||
Total Short-Term Assets | $30.47M | $49.97M | $49.97M |
Total Long-Term Assets | $927.1M | $640.3M | $640.3M |
Total Assets | $957.6M | $690.2M | $690.2M |
YoY Change | 39.13% | 4.45% | 4.45% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $31.45M | $107.2M | $107.2M |
YoY Change | 96.16% | 300.81% | 300.81% |
Accrued Expenses | |||
YoY Change | |||
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 | $35.32M | $110.4M | $110.4M |
YoY Change | 61.72% | 252.73% | 252.73% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $520.7M | $184.3M | $184.3M |
YoY Change | 128.2% | -8.39% | -8.39% |
Other Long-Term Liabilities | $15.97M | $17.88M | $17.88M |
YoY Change | -26.68% | 4.55% | 4.55% |
Total Long-Term Liabilities | $536.7M | $202.1M | $202.1M |
YoY Change | 114.7% | -7.38% | -7.38% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $35.32M | $110.4M | $110.4M |
Total Long-Term Liabilities | $536.7M | $202.1M | $202.1M |
Total Liabilities | $572.0M | $312.5M | $312.9M |
YoY Change | 110.45% | 25.24% | 25.22% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | |||
YoY Change | |||
Common Stock | $23.00K | $23.00K | |
YoY Change | -4.17% | -4.17% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $373.9M | $361.7M | $377.4M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $957.6M | $690.2M | $690.2M |
YoY Change | 39.13% | 4.45% | 4.45% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$6.951M | -$8.941M | $5.918M |
YoY Change | -402.61% | -1442.49% | -796.24% |
Depreciation, Depletion And Amortization | $9.604M | $5.316M | $20.50M |
YoY Change | 90.67% | 6.81% | 1.53% |
Cash From Operating Activities | $2.766M | $4.119M | $32.41M |
YoY Change | -67.98% | -87.28% | -29.97% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $101.5M | $2.433M | $19.60M |
YoY Change | -2280.52% | -207.37% | -380.85% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $10.48M | $3.793M | -$2.671M |
YoY Change | -136.87% | -180.6% | |
Cash From Investing Activities | -$91.07M | $1.360M | -$22.27M |
YoY Change | 175.3% | -119.51% | 75.45% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $4.715M | ||
YoY Change | -94.02% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $77.66M | 25.20M | $13.69M |
YoY Change | 262.67% | -240.72% | -131.42% |
NET CHANGE | |||
Cash From Operating Activities | $2.766M | 4.119M | $32.41M |
Cash From Investing Activities | -$91.07M | 1.360M | -$22.27M |
Cash From Financing Activities | $77.66M | 25.20M | $13.69M |
Net Change In Cash | -$10.65M | 30.68M | $23.83M |
YoY Change | 251.62% | 308.74% | -338.34% |
FREE CASH FLOW | |||
Cash From Operating Activities | $2.766M | $4.119M | $32.41M |
Capital Expenditures | $101.5M | $2.433M | $19.60M |
Free Cash Flow | -$98.78M | $1.686M | $12.81M |
YoY Change | -842.94% | -95.13% | -75.95% |
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Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.340 | |
CY2022 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
7838000 | usd |
CY2022 | us-gaap |
Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
|
37766000 | usd |
CY2022 | us-gaap |
Increase In Carrying Amount Of Redeemable Preferred Stock
IncreaseInCarryingAmountOfRedeemablePreferredStock
|
19000 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
5945000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
362033000 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
5945000 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-851000 | usd |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
20497000 | usd |
CY2021 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
20188000 | usd |
CY2022 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1066000 | usd |
CY2021 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1068000 | usd |
CY2022 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
48000 | usd |
CY2021 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
-61000 | usd |
CY2022 | cmct |
Unrealized Premium Adjustment
UnrealizedPremiumAdjustment
|
1471000 | usd |
CY2021 | cmct |
Unrealized Premium Adjustment
UnrealizedPremiumAdjustment
|
2930000 | usd |
CY2022 | cmct |
Amortization And Accretion On Loans Receivable Net
AmortizationAndAccretionOnLoansReceivableNet
|
688000 | usd |
CY2021 | cmct |
Amortization And Accretion On Loans Receivable Net
AmortizationAndAccretionOnLoansReceivableNet
|
622000 | usd |
CY2022 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
259000 | usd |
CY2021 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-82000 | usd |
CY2022 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-3000 | usd |
CY2021 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
72000 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
202000 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
220000 | usd |
CY2022 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
164000 | usd |
CY2021 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
0 | usd |
CY2022 | us-gaap |
Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
|
30770000 | usd |
CY2021 | us-gaap |
Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
|
96991000 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
|
31943000 | usd |
CY2021 | us-gaap |
Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
|
109000000 | usd |
CY2022 | us-gaap |
Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
|
692000 | usd |
CY2021 | us-gaap |
Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
|
1786000 | usd |
CY2022 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-1086000 | usd |
CY2021 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-2559000 | usd |
CY2022 | cmct |
Proceeds From Equity Method Investment Distribution Return On Investment
ProceedsFromEquityMethodInvestmentDistributionReturnOnInvestment
|
164000 | usd |
CY2021 | cmct |
Proceeds From Equity Method Investment Distribution Return On Investment
ProceedsFromEquityMethodInvestmentDistributionReturnOnInvestment
|
0 | usd |
CY2022 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
480000 | usd |
CY2021 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
1519000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
40000 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
1340000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
801000 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
2574000 | usd |
CY2022 | us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
2056000 | usd |
CY2021 | us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
1669000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
995000 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
7128000 | usd |
CY2022 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
3614000 | usd |
CY2021 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
7009000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
32410000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
46281000 | usd |
CY2022 | us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
8816000 | usd |
CY2021 | us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
4047000 | usd |
CY2022 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
10787000 | usd |
CY2021 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
2933000 | usd |
CY2022 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
22652000 | usd |
CY2021 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
10271000 | usd |
CY2021 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
0 | usd |
CY2022 | us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
9849000 | usd |
CY2021 | us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
36299000 | usd |
CY2022 | us-gaap |
Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
19559000 | usd |
CY2021 | us-gaap |
Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
30584000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-22274000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-12695000 | usd |
CY2022 | us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
182700000 | usd |
CY2021 | us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
157910000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
|
166230000 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
|
35396000 | usd |
CY2022 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
692000 | usd |
CY2021 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
1786000 | usd |
CY2022 | cmct |
Payments Of Deferred Stock Issuance Costs
PaymentsOfDeferredStockIssuanceCosts
|
1581000 | usd |
CY2021 | cmct |
Payments Of Deferred Stock Issuance Costs
PaymentsOfDeferredStockIssuanceCosts
|
1149000 | usd |
CY2022 | cmct |
Paymentof Other Deferred Costs
PaymentofOtherDeferredCosts
|
2928000 | usd |
CY2021 | cmct |
Paymentof Other Deferred Costs
PaymentofOtherDeferredCosts
|
1000 | usd |
CY2022 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
7658000 | usd |
CY2021 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
3979000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
78825000 | usd |
CY2022 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
0 | usd |
CY2021 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
1900000 | usd |
CY2022 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
4715000 | usd |
CY2021 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
148007000 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
29829000 | usd |
CY2022 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
24327000 | usd |
CY2021 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
18045000 | usd |
CY2022 | us-gaap |
Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
|
67417000 | usd |
CY2021 | us-gaap |
Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
|
0 | usd |
CY2022 | us-gaap |
Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
|
8527000 | usd |
CY2021 | us-gaap |
Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
|
2755000 | usd |
CY2022 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
4000 | usd |
CY2021 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
118000 | usd |
CY2022 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
5000 | usd |
CY2021 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
9000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
13693000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-43584000 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
23829000 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-9998000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
33651000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
43649000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
57480000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
33651000 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
46190000 | usd |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
22311000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
11290000 | usd |
CY2021Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
11340000 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
8388000 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
8463000 | usd |
CY2022 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1105000 | usd |
CY2021 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
2900000 | usd |
CY2022 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
3859000 | usd |
CY2021 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
2127000 | usd |
CY2022 | us-gaap |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
22000 | usd |
CY2021 | us-gaap |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
0 | usd |
CY2022 | cmct |
Stock Offering Costs Not Yet Paid
StockOfferingCostsNotYetPaid
|
68000 | usd |
CY2021 | cmct |
Stock Offering Costs Not Yet Paid
StockOfferingCostsNotYetPaid
|
161000 | usd |
CY2022 | cmct |
Accrual Of Dividends Payable To Preferred Stockholders
AccrualOfDividendsPayableToPreferredStockholders
|
6276000 | usd |
CY2021 | cmct |
Accrual Of Dividends Payable To Preferred Stockholders
AccrualOfDividendsPayableToPreferredStockholders
|
12051000 | usd |
CY2022Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
1933000 | usd |
CY2021Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
1753000 | usd |
CY2022 | cmct |
Offering Costs Offset Against Redeemable Preferred Stock Temporary Equity
OfferingCostsOffsetAgainstRedeemablePreferredStockTemporaryEquity
|
2105000 | usd |
CY2021 | cmct |
Offering Costs Offset Against Redeemable Preferred Stock Temporary Equity
OfferingCostsOffsetAgainstRedeemablePreferredStockTemporaryEquity
|
400000 | usd |
CY2022 | us-gaap |
Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
|
37766000 | usd |
CY2021 | us-gaap |
Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
|
45806000 | usd |
CY2022 | cmct |
Reclassifications Of Permanent Equity To Liabilities
ReclassificationsOfPermanentEquityToLiabilities
|
83838000 | usd |
CY2021 | cmct |
Reclassifications Of Permanent Equity To Liabilities
ReclassificationsOfPermanentEquityToLiabilities
|
48000 | usd |
CY2022 | us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
19000 | usd |
CY2021 | us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
253000 | usd |
CY2022 | cmct |
Redeemable Preferred Stock Fees Incurred But Not Yet Paid
RedeemablePreferredStockFeesIncurredButNotYetPaid
|
450000 | usd |
CY2021 | cmct |
Redeemable Preferred Stock Fees Incurred But Not Yet Paid
RedeemablePreferredStockFeesIncurredButNotYetPaid
|
638000 | usd |
CY2022 | us-gaap |
Stock Issued1
StockIssued1
|
5000000 | usd |
CY2021 | us-gaap |
Stock Issued1
StockIssued1
|
9174000 | usd |
CY2022 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1. ORGANIZATION AND OPERATIONS</span></div><div style="margin-top:9pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Creative Media & Community Trust Corporation (formerly known as CIM Commercial Trust Corporation) (the “Company”), is a Maryland corporation and real estate investment trust (“REIT”). The Company primarily acquires, develops, owns and operates both premier multifamily properties situated in vibrant communities throughout the United States and Class A and creative office real assets in markets with similar business and employment characteristics to its multifamily investments.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company also owns one hotel in northern California and a lending platform that originates loans under the Small Business Administration (“SBA”) 7(a) loan program. The Company seeks to apply the expertise of CIM Group, L.P. (“CIM Group”) to the acquisition, development and operation of premier multifamily properties and creative office assets that cater to rapidly growing industries such as technology, media and entertainment in vibrant and emerging communities throughout the United States. </span></div><div style="margin-top:9pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Subsequent to December 31, 2022, the Company acquired two multifamily properties in Oakland, California and acquired a 50% interest in a multifamily property in.Los Angeles, California (see Note 18 for more details).</span></div><div style="margin-top:9pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s common stock, $0.001 par value per share (“Common Stock”), is currently traded on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “CMCT”, and on the Tel Aviv Stock Exchange (the “TASE”) under the ticker symbol “CMCT.” The Company has authorized for issuance 900,000,000 shares of common stock and 100,000,000 shares of preferred stock (“Preferred Stock”). </span></div><div style="margin-top:9pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Since </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">June 2022, the Company has</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> been conducting a continuous public offering with respect to shares of its Series A1 Preferred Stock, par value $0.001 per share with an initial stated value of $25.00 per share, subject to adjustment (Note 10). </span></div><div style="margin-top:9pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has qualified and intends to continue to qualify as a REIT, as defined in the Internal Revenue Code of 1986, as amended.</span></div> | |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
900000000 | shares |
CY2022Q4 | cmct |
Preferred Stock Including Temporary Equity Shares Authorized
PreferredStockIncludingTemporaryEquitySharesAuthorized
|
100000000 | shares |
CY2022 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | usd |
CY2021 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | usd |
CY2022Q4 | us-gaap |
Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
|
-9000000 | usd |
CY2021Q4 | us-gaap |
Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
|
-9600000 | usd |
CY2022 | cmct |
Loan And Leases Receivable Nonaccrual Loan And Lease Status Past Due Period
LoanAndLeasesReceivableNonaccrualLoanAndLeaseStatusPastDuePeriod
|
P60D | |
CY2022 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
0 | usd |
CY2021 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
19000 | usd |
CY2022Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
1100000 | usd |
CY2021Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
943000 | usd |
CY2022Q4 | us-gaap |
Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
|
9637000 | usd |
CY2021Q4 | us-gaap |
Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
|
8971000 | usd |
CY2022Q4 | us-gaap |
Deferred Costs Leasing Net
DeferredCostsLeasingNet
|
8319000 | usd |
CY2021Q4 | us-gaap |
Deferred Costs Leasing Net
DeferredCostsLeasingNet
|
8453000 | usd |
CY2022Q4 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
5664000 | usd |
CY2022Q4 | us-gaap |
Deferred Rent Receivables Net
DeferredRentReceivablesNet
|
20949000 | usd |
CY2021Q4 | us-gaap |
Deferred Rent Receivables Net
DeferredRentReceivablesNet
|
20870000 | usd |
CY2021 | cmct |
Tenant Reimbursements Excluding Lease Agreements
TenantReimbursementsExcludingLeaseAgreements
|
0 | usd |
CY2021Q4 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
6281000 | usd |
CY2022Q4 | us-gaap |
Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
|
30000 | usd |
CY2021Q4 | us-gaap |
Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
|
0 | usd |
CY2022Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
2120000 | usd |
CY2022Q4 | us-gaap |
Other Deferred Costs Net
OtherDeferredCostsNet
|
491000 | usd |
CY2021Q4 | us-gaap |
Other Deferred Costs Net
OtherDeferredCostsNet
|
491000 | usd |
CY2022Q4 | cmct |
Deferred Rent Receivable And Charges Net
DeferredRentReceivableAndChargesNet
|
37543000 | usd |
CY2021Q4 | cmct |
Deferred Rent Receivable And Charges Net
DeferredRentReceivableAndChargesNet
|
36095000 | usd |
CY2022Q4 | us-gaap |
Incentive To Lessee
IncentiveToLessee
|
3900000 | usd |
CY2021Q4 | us-gaap |
Incentive To Lessee
IncentiveToLessee
|
4000000 | usd |
CY2022Q4 | cmct |
Incentive To Lessee Accumulated Amortization
IncentiveToLesseeAccumulatedAmortization
|
3000000 | usd |
CY2021Q4 | cmct |
Incentive To Lessee Accumulated Amortization
IncentiveToLesseeAccumulatedAmortization
|
2700000 | usd |
CY2022 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
46373000 | usd |
CY2021 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
45773000 | usd |
CY2022 | us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
9853000 | usd |
CY2021 | us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
7065000 | usd |
CY2022 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
56226000 | usd |
CY2021 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
52838000 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
387000 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
579000 | usd |
CY2022 | cmct |
Tenant Reimbursements Excluding Lease Agreements
TenantReimbursementsExcludingLeaseAgreements
|
0 | usd |
CY2022Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
0 | usd |
CY2021Q4 | us-gaap |
Land
Land
|
141236000 | usd |
CY2022Q4 | us-gaap |
Land Improvements
LandImprovements
|
1837000 | usd |
CY2021Q4 | us-gaap |
Land Improvements
LandImprovements
|
2644000 | usd |
CY2022Q4 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
455275000 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span><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 certain estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. The Company bases such estimates on historical experience, information available at the time, and assumptions the Company believes to be reasonable under the circumstances and at such time. Actual results could differ from those estimates.</span> | |
CY2022 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="margin-top:9pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentration of Credit Risk</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—Financial instruments that subject us to credit risk consist primarily of cash and cash equivalents and interest rate swap agreements. The Company has its cash and cash equivalents on deposit with what it believes to be high-quality financial institutions. Accounts at each institution are insured by the Federal Deposit Insurance Corporation up to $250,000. Management routinely assesses the financial strength of its tenants and, as a consequence, believes that its accounts receivable credit risk exposure is limited.</span></div><div style="margin-top:9pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The majority of the Company’s revenues are earned from properties located in California. The Company is subject to risks incidental to the ownership and operation of commercial real estate. These include, among others, the risks normally associated with changes in the general economic climate in the communities in which the Company operates, trends in the real estate industry, changes in tax laws, interest rate levels, availability of financing, and the potential liability under environmental and other laws.</span></div> | |
CY2021 | cmct |
Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
|
2 | property |
CY2022 | cmct |
Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
|
2 | property |
CY2022Q4 | us-gaap |
Land
Land
|
151727000 | usd |
CY2021Q4 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
454431000 | usd |
CY2022Q4 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
4339000 | usd |
CY2021Q4 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
4398000 | usd |
CY2022Q4 | us-gaap |
Tenant Improvements
TenantImprovements
|
34372000 | usd |
CY2021Q4 | us-gaap |
Tenant Improvements
TenantImprovements
|
29733000 | usd |
CY2022Q4 | us-gaap |
Development In Process
DevelopmentInProcess
|
12863000 | usd |
CY2021Q4 | us-gaap |
Development In Process
DevelopmentInProcess
|
10260000 | usd |
CY2022Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
660413000 | usd |
CY2021Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
642702000 | usd |
CY2022Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
158407000 | usd |
CY2021Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
144718000 | usd |
CY2022Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
502006000 | usd |
CY2021Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
497984000 | usd |
CY2022 | us-gaap |
Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
|
17300000 | usd |
CY2021 | us-gaap |
Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
|
16900000 | usd |
CY2022 | cmct |
Percentage Of Ownership Acquired
PercentageOfOwnershipAcquired
|
1 | |
CY2022 | cmct |
Number Of Properties Sold
NumberOfPropertiesSold
|
0 | property |
CY2021 | cmct |
Percentage Of Ownership Acquired
PercentageOfOwnershipAcquired
|
1 | |
CY2021 | cmct |
Number Of Properties Sold
NumberOfPropertiesSold
|
0 | property |
CY2022Q4 | cmct |
Business Combination Recognized Identifiable Asset Acquired And Liability Assumed Below Market Lease
BusinessCombinationRecognizedIdentifiableAssetAcquiredAndLiabilityAssumedBelowMarketLease
|
37000 | usd |
CY2021Q4 | cmct |
Business Combination Recognized Identifiable Asset Acquired And Liability Assumed Below Market Lease
BusinessCombinationRecognizedIdentifiableAssetAcquiredAndLiabilityAssumedBelowMarketLease
|
0 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
|
10787000 | usd |
CY2021Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
|
2933000 | usd |
CY2022 | cmct |
Proceeds From Equity Method Investment Distribution Return On Investment
ProceedsFromEquityMethodInvestmentDistributionReturnOnInvestment
|
164000 | usd |
CY2022 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
183392000 | usd |
CY2022 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
284000 | usd |
CY2022Q4 | us-gaap |
Notes Receivable Gross
NotesReceivableGross
|
62360000 | usd |
CY2021Q4 | us-gaap |
Notes Receivable Gross
NotesReceivableGross
|
73260000 | usd |
CY2022Q4 | cmct |
Financing Receivables Deferred Capitalized Costs Net
FinancingReceivablesDeferredCapitalizedCostsNet
|
1293000 | usd |
CY2021Q4 | cmct |
Financing Receivables Deferred Capitalized Costs Net
FinancingReceivablesDeferredCapitalizedCostsNet
|
1226000 | usd |
CY2022Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
1106000 | usd |
CY2021Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
943000 | usd |
CY2022Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
62547000 | usd |
CY2021Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
73543000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
4461000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
5251000 | usd |
CY2022 | us-gaap |
Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
|
254000 | usd |
CY2021 | us-gaap |
Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
|
350000 | usd |
CY2021Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
201145000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
166230000 | usd |
CY2022Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
184267000 | usd |
CY2022Q4 | cmct |
Line Of Credit Facility Accrued Interest And Unused Commitment Fee Payable
LineOfCreditFacilityAccruedInterestAndUnusedCommitmentFeePayable
|
562000 | usd |
CY2021Q4 | cmct |
Line Of Credit Facility Accrued Interest And Unused Commitment Fee Payable
LineOfCreditFacilityAccruedInterestAndUnusedCommitmentFeePayable
|
467000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
303000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
321000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
56571000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
97461000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
383000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
31340000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
186379000 | usd |
CY2022 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-25785000 | usd |
CY2021 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-19979000 | usd |
CY2022 | cmct |
Dilutive Securities Effect On Basic Earnings Per Share Redeemable Preferred Stock Dividends
DilutiveSecuritiesEffectOnBasicEarningsPerShareRedeemablePreferredStockDividends
|
-9000 | usd |
CY2021 | cmct |
Dilutive Securities Effect On Basic Earnings Per Share Redeemable Preferred Stock Dividends
DilutiveSecuritiesEffectOnBasicEarningsPerShareRedeemablePreferredStockDividends
|
0 | usd |
CY2022 | us-gaap |
Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
|
-25794000 | usd |
CY2021 | us-gaap |
Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
|
-19979000 | usd |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
23153000 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
19187000 | shares |
CY2022 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1000 | shares |
CY2021 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23154000 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
19187000 | shares |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.11 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.04 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.11 | |
CY2021 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.04 | |
CY2022 | us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
40619000 | usd |
CY2022 | cmct |
Preferred Stock And Warrants Offering Costs Non Issuance Specific Costs
PreferredStockAndWarrantsOfferingCostsNonIssuanceSpecificCosts
|
9500000 | usd |
CY2020Q1 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
|
0.25 | shares |
CY2022 | cmct |
Preferred Stock And Warrants Offering Costs Non Issuance Specific Costs
PreferredStockAndWarrantsOfferingCostsNonIssuanceSpecificCosts
|
9500000 | usd |
CY2022 | cmct |
Preferred Stock And Warrants Offering Costs Non Issuance Specific Costs
PreferredStockAndWarrantsOfferingCostsNonIssuanceSpecificCosts
|
9500000 | usd |
CY2021Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.075 | |
CY2021Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.075 | |
CY2021Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.075 | |
CY2022Q4 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.085 | |
CY2022Q2 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
10000000 | usd |
CY2022Q2 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
41374 | shares |
CY2022Q2 | cmct |
Stock Repurchase Program Average Cost Per Share
StockRepurchaseProgramAverageCostPerShare
|
7.32 | |
CY2022Q2 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
303000 | usd |
CY2022Q3 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
33374 | shares |
CY2022Q3 | cmct |
Stock Repurchase Program Average Cost Per Share
StockRepurchaseProgramAverageCostPerShare
|
7.15 | |
CY2022Q3 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
239000 | usd |
CY2022Q3 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
587714 | shares |
CY2022Q3 | cmct |
Stock Repurchase Program Average Cost Per Share
StockRepurchaseProgramAverageCostPerShare
|
7.10 | |
CY2022Q3 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
4173000 | usd |
CY2022 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
662462 | shares |
CY2022 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
4715000 | usd |
CY2022Q1 | us-gaap |
Incentive Fee Expense
IncentiveFeeExpense
|
0 | usd |
CY2022Q4 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
3155000 | usd |
CY2021Q4 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
4541000 | usd |
CY2022Q4 | cmct |
Outstanding Loan Commitments And Approvals To Fund Loans
OutstandingLoanCommitmentsAndApprovalsToFundLoans
|
19900000 | usd |
CY2022Q4 | cmct |
Tenant Improvements Obligations
TenantImprovementsObligations
|
7900000 | usd |
CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
46119000 | usd |
CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
45365000 | usd |
CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
29164000 | usd |
CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
21441000 | usd |
CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
|
15051000 | usd |
CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
|
52711000 | usd |
CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
209851000 | usd |
CY2022Q4 | cmct |
Reserve For Uncertain Tax Positions
ReserveForUncertainTaxPositions
|
0 | usd |
CY2021Q4 | cmct |
Reserve For Uncertain Tax Positions
ReserveForUncertainTaxPositions
|
0 | usd |
CY2021 | cmct |
Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
|
2 | property |
CY2022 | cmct |
Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
|
2 | property |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
7076000 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
2141000 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1131000 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2992000 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
5945000 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-851000 | usd |
CY2022 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
27000 | usd |
CY2021 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-1000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
5918000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-850000 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
690248000 | usd |
CY2021Q4 | us-gaap |
Assets
Assets
|
660866000 | usd |
CY2022 | cmct |
Capital Expenditures
CapitalExpenditures
|
9508000 | usd |
CY2021 | cmct |
Capital Expenditures
CapitalExpenditures
|
5907000 | usd |
CY2022 | cmct |
Disposal Group Including Discontinued Operation New Mortgage Loans
DisposalGroupIncludingDiscontinuedOperationNewMortgageLoans
|
40619000 | usd |
CY2021 | cmct |
Disposal Group Including Discontinued Operation New Mortgage Loans
DisposalGroupIncludingDiscontinuedOperationNewMortgageLoans
|
133290000 | usd |
CY2022 | cmct |
Capital Expenditures And Disposal Group Originations Cost
CapitalExpendituresAndDisposalGroupOriginationsCost
|
50127000 | usd |
CY2021 | cmct |
Capital Expenditures And Disposal Group Originations Cost
CapitalExpendituresAndDisposalGroupOriginationsCost
|
139197000 | usd |
CY2022Q4 | srt |
Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
|
97100000 | usd |
CY2022Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
|
151727000 | usd |
CY2022Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
|
451040000 | usd |
CY2022Q4 | cmct |
Sec Schedule Iii Real Estate And Accumulated Depreciation Net Costs Capitalized Subsequent To Acquisition Or Writeoffs Buildings And Improvements
SecScheduleIiiRealEstateAndAccumulatedDepreciationNetCostsCapitalizedSubsequentToAcquisitionOrWriteoffsBuildingsAndImprovements
|
57646000 | usd |
CY2022Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
|
151727000 | usd |
CY2022Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
|
508686000 | usd |
CY2022Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
660413000 | usd |
CY2022Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
158407000 | usd |
CY2022Q4 | srt |
Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
|
714300000 | usd |
CY2021Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
642702000 | usd |
CY2020Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
637205000 | usd |
CY2022 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
10548000 | usd |
CY2021 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
5907000 | usd |
CY2022 | cmct |
Sec Schedule Iii Real Estate Acquisitions
SecScheduleIiiRealEstateAcquisitions
|
10756000 | usd |
CY2021 | cmct |
Sec Schedule Iii Real Estate Acquisitions
SecScheduleIiiRealEstateAcquisitions
|
2933000 | usd |
CY2022 | cmct |
Sec Schedule Iii Real Estate Retirements
SECScheduleIIIRealEstateRetirements
|
3593000 | usd |
CY2021 | cmct |
Sec Schedule Iii Real Estate Retirements
SECScheduleIIIRealEstateRetirements
|
3343000 | usd |
CY2022Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
660413000 | usd |
CY2021Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
642702000 | usd |
CY2021Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
144718000 | usd |
CY2020Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
131165000 | usd |
CY2022 | us-gaap |
Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
|
17282000 | usd |
CY2021 | us-gaap |
Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
|
16896000 | usd |
CY2022 | cmct |
Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Assets Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationAssetsHeldForSale
|
0 | usd |
CY2021 | cmct |
Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Assets Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationAssetsHeldForSale
|
0 | usd |
CY2022 | us-gaap |
Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
|
0 | usd |
CY2021 | us-gaap |
Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
|
0 | usd |
CY2022 | cmct |
Sec Schedule Iii Real Estate Accumulated Depreciation Retirements
SecScheduleIiiRealEstateAccumulatedDepreciationRetirements
|
3593000 | usd |
CY2021 | cmct |
Sec Schedule Iii Real Estate Accumulated Depreciation Retirements
SecScheduleIiiRealEstateAccumulatedDepreciationRetirements
|
3343000 | usd |
CY2022Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
158407000 | usd |
CY2021Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
144718000 | usd |
CY2021Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
73543000 | usd |
CY2020Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
83135000 | usd |
CY2021 | us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
133290000 | usd |
CY2022 | us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
1086000 | usd |
CY2021 | us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
2559000 | usd |
CY2022 | cmct |
Accretion Of Loan Fees And Discounts
AccretionOfLoanFeesAndDiscounts
|
1836000 | usd |
CY2021 | cmct |
Accretion Of Loan Fees And Discounts
AccretionOfLoanFeesAndDiscounts
|
1424000 | usd |
CY2022 | srt |
Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
20250000 | usd |
CY2021 | srt |
Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
32370000 | usd |
CY2022 | us-gaap |
Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
|
34124000 | usd |
CY2021 | us-gaap |
Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
|
114437000 | usd |
CY2022 | cmct |
Mortgage Loans On Real Estate Other Bad Debt Expense Net Of Recoveries
MortgageLoansOnRealEstateOtherBadDebtExpenseNetOfRecoveries
|
163000 | usd |
CY2021 | cmct |
Mortgage Loans On Real Estate Other Bad Debt Expense Net Of Recoveries
MortgageLoansOnRealEstateOtherBadDebtExpenseNetOfRecoveries
|
58000 | usd |
CY2022Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
62547000 | usd |
CY2021Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
73543000 | usd |