2022 Q3 Form 10-Q Financial Statement

#000095012322012392 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2021 Q3
Revenue $10.47M $7.636M
YoY Change 37.14% 26.24%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $6.496M $5.174M
YoY Change 25.55% 46.95%
Operating Profit
YoY Change
Interest Expense $6.151M $2.401M
YoY Change 156.18% 21.08%
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $3.976M
YoY Change
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $3.976M $2.462M
YoY Change 61.49% -59.35%
Net Earnings / Revenue 37.97% 32.24%
Basic Earnings Per Share $0.24 $0.22
Diluted Earnings Per Share $0.24 $0.22
COMMON SHARES
Basic Shares Outstanding 10.56M 11.43M
Diluted Shares Outstanding 10.56M 11.43M

Balance Sheet

Concept 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $47.07M $134.8M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $907.3M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $616.7M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$57.11M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $290.6M $313.0M
YoY Change
Total Liabilities & Shareholders Equity $907.3M
YoY Change

Cashflow Statement

Concept 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $3.976M $2.462M
YoY Change 61.49% -59.35%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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ck0001690012 Real Estate Capital Expenditures
RealEstateCapitalExpenditures
652000
ck0001690012 Real Estate Capital Expenditures
RealEstateCapitalExpenditures
67000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-151853000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-79404000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2419000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10000
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
87500000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
13687000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8313000
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
92000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
864000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
4231000
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
239611000
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
103920000
ck0001690012 Principal Payments On Securities Sold Under Agreements To Repurchase
PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchase
56947000
ck0001690012 Principal Payments On Securities Sold Under Agreements To Repurchase
PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchase
51438000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
14350000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
14350000
ck0001690012 Proceeds From Sale Of Loan Participations
ProceedsFromSaleOfLoanParticipations
2538000
ck0001690012 Principal Repayments Of Loan Participations
PrincipalRepaymentsOfLoanParticipations
15360000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
706000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1086000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
9490000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
9079000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4556000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
128516000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
131633000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-10201000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
62730000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
57268000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
72107000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
47067000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
134837000
ck0001690012 Amortization Of Deferred Exit Fees Due To Related Party
AmortizationOfDeferredExitFeesDueToRelatedParty
3000
ck0001690012 Amortization Of Deferred Exit Fees Due To Related Party
AmortizationOfDeferredExitFeesDueToRelatedParty
349000
us-gaap Interest Paid Net
InterestPaidNet
11719000
us-gaap Interest Paid Net
InterestPaidNet
6498000
ck0001690012 Related Party Transaction Accrued Stockholder Servicing Fee
RelatedPartyTransactionAccruedStockholderServicingFee
-2000
ck0001690012 Related Party Transaction Accrued Stockholder Servicing Fee
RelatedPartyTransactionAccruedStockholderServicingFee
-49000
ck0001690012 Distribution Reinvestment
DistributionReinvestment
487000
ck0001690012 Distribution Reinvestment
DistributionReinvestment
421000
us-gaap Additional Cash And Cash Equivalent Related Text
AdditionalCashAndCashEquivalentRelatedText
Cash and cash equivalents include funds on deposit with financial institutions, including demand deposits with financial institutions with original maturities of three months or less.
CY2022Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
0
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0
srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
42
CY2022Q3 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
815702000
CY2022Q3 ck0001690012 Mortgage Loans On Real Estate Unamortized Costs Net
MortgageLoansOnRealEstateUnamortizedCostsNet
1392000
CY2022Q3 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
817094000
srt Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
0.063
ck0001690012 Mortgage Loans On Real Estate Weighted Average Maturity Period
MortgageLoansOnRealEstateWeightedAverageMaturityPeriod
P1Y7M6D
CY2021 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
38
CY2021Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
664170000
CY2021Q4 ck0001690012 Mortgage Loans On Real Estate Unamortized Costs Net
MortgageLoansOnRealEstateUnamortizedCostsNet
1328000
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
665498000
CY2021 srt Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
0.046
CY2021 ck0001690012 Mortgage Loans On Real Estate Weighted Average Maturity Period
MortgageLoansOnRealEstateWeightedAverageMaturityPeriod
P1Y8M12D
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
665498000
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
441814000
us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
269107000
CY2021 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
337033000
srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
117576000
CY2021 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
114558000
ck0001690012 Mortgage Loans On Real Estate Amortization Of Loan Origination Extension Expense And Deferred Fees
MortgageLoansOnRealEstateAmortizationOfLoanOriginationExtensionExpenseAndDeferredFees
395000
CY2021 ck0001690012 Mortgage Loans On Real Estate Amortization Of Loan Origination Extension Expense And Deferred Fees
MortgageLoansOnRealEstateAmortizationOfLoanOriginationExtensionExpenseAndDeferredFees
1440000
ck0001690012 Mortgage Loans On Real Estate Extension Fees Received On Commercial Loans
MortgageLoansOnRealEstateExtensionFeesReceivedOnCommercialLoans
-330000
CY2021 ck0001690012 Mortgage Loans On Real Estate Extension Fees Received On Commercial Loans
MortgageLoansOnRealEstateExtensionFeesReceivedOnCommercialLoans
-231000
CY2022Q3 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
817094000
CY2021Q1 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
665498000
ck0001690012 Number Of Loans Risk Rated Two
NumberOfLoansRiskRatedTwo
37
ck0001690012 Initial Risk Rating For Commercial Mortgage Loans Held For Investment And Real Estate Securities
InitialRiskRatingForCommercialMortgageLoansHeldForInvestmentAndRealEstateSecurities
2
CY2021 ck0001690012 Initial Risk Rating For Commercial Mortgage Loans Held For Investment And Real Estate Securities
InitialRiskRatingForCommercialMortgageLoansHeldForInvestmentAndRealEstateSecurities
2
ck0001690012 Number Of Loans Risk Rated Three
NumberOfLoansRiskRatedThree
5
CY2021 ck0001690012 Number Of Loans Risk Rated Two
NumberOfLoansRiskRatedTwo
33
CY2021 ck0001690012 Initial Risk Rating For Commercial Mortgage Loans Held For Investment And Real Estate Securities
InitialRiskRatingForCommercialMortgageLoansHeldForInvestmentAndRealEstateSecurities
2
CY2021 ck0001690012 Number Of Loans Risk Rated Three
NumberOfLoansRiskRatedThree
5
ck0001690012 Preferred Stock Change Of Control Terms Of Conversion
PreferredStockChangeOfControlTermsOfConversion
Subject to certain exceptions, beginning on September 22, 2022, upon the occurrence of a Change of Control, each holder of shares of Series A Preferred Stock will have the right to convert some or all of the Series A Preferred Stock held by such holder into a number of the Company’s shares of Class I common stock as provided for in the Articles Supplementary.
CY2021Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-01-31
CY2021Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-02-28
CY2021Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-03-31
CY2021Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-04-30
CY2021Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-05-31
CY2021Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-06-30
CY2021Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-07-31
CY2021Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-08-31
CY2021Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-09-30
CY2021Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-10-31
CY2021Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-11-30
CY2021Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-12-31
CY2022Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-01-31
CY2022Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-02-28
CY2022Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-03-31
CY2022Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-04-30
CY2022Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-05-31
CY2022Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-06-30
CY2022Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-07-31
CY2022Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-08-31
CY2022Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-09-30
CY2021Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-01-31
CY2021Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-02-28
CY2021Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-03-31
CY2021Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-04-30
CY2021Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-05-31
CY2021Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-06-30
CY2021Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-07-31
CY2021Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-08-31
CY2021Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-09-30
CY2021Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-10-31
CY2021Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-11-30
CY2021Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-12-31
CY2022Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-01-31
CY2022Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-02-28
CY2022Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-03-31
CY2022Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-04-30
CY2022Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-05-31
CY2022Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-06-30
CY2022Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-07-31
CY2022Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-08-31
CY2022Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-09-30
CY2022Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1081000
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1137000
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
41
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2482000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2462000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5083000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7125000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10559680
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11433665
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10707177
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11570868
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
909
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
640
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1601
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
263
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10560589
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11434305
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10708778
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11571131
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.62
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.62
CY2022Q3 ck0001690012 Number Of Commercial Real Estate Loan Remaining Future Funding Commitment
NumberOfCommercialRealEstateLoanRemainingFutureFundingCommitment
32
CY2022Q3 ck0001690012 Commercial Real Estate Loans Remaining Future Funding Commitment
CommercialRealEstateLoansRemainingFutureFundingCommitment
70106000
CY2021Q4 ck0001690012 Number Of Commercial Real Estate Loan Remaining Future Funding Commitment
NumberOfCommercialRealEstateLoanRemainingFutureFundingCommitment
32
CY2021Q4 ck0001690012 Commercial Real Estate Loans Remaining Future Funding Commitment
CommercialRealEstateLoansRemainingFutureFundingCommitment
74518000
CY2022Q3 ck0001690012 Number Of Independent Directors
NumberOfIndependentDirectors
3
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
us-gaap Lessee Finance Lease Description
LesseeFinanceLeaseDescription
The Company is the lessee under one ground lease. The ground lease, which commenced on April 1, 1999, was assumed as part of the Renaissance O’Hare acquired through a deed-in-lieu of foreclosure transaction on August 20, 2020 and extends through March 31, 2098. The lease is classified as a finance lease. Under the ground lease, the Company is prohibited from mortgaging the land but is not prohibited from making a leasehold mortgage for property constructed on the land. The Company may terminate the lease as of March 31, 2049, March 31, 2065 and March 31, 2081, provided that twelve months’ notice is provided to the lessor prior to those respective dates.
ck0001690012 Lessee Finance Lease Commencement Date
LesseeFinanceLeaseCommencementDate
1999-04-01
us-gaap Lease Expiration Date1
LeaseExpirationDate1
2098-03-31
ck0001690012 Lessee Finance Lease Termination Description
LesseeFinanceLeaseTerminationDescription
Company may terminate the lease as of March 31, 2049, March 31, 2065 and March 31, 2081
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
16827000
CY2020Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
5549000
CY2022Q3 ck0001690012 Lessee Finance Lease Interest Rate
LesseeFinanceLeaseInterestRate
0.1137
CY2022Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
18000
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
18000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
54000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
53000
CY2022Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
492000
CY2021Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
482000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1468000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1440000
CY2022Q3 ck0001690012 Finance Lease Cost
FinanceLeaseCost
510000
CY2021Q3 ck0001690012 Finance Lease Cost
FinanceLeaseCost
500000
ck0001690012 Finance Lease Cost
FinanceLeaseCost
1522000
ck0001690012 Finance Lease Cost
FinanceLeaseCost
1493000
CY2022Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
5549000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
5549000
CY2022Q3 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
149000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
95000
CY2022Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
5400000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
5454000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1772000
CY2022Q3 ck0001690012 Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
269685000
CY2022Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
403000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1611000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1745000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1772000
CY2022Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
276988000
CY2022Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
259623000
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
17365000

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