$ICR-PA
InPoint Commercial Real Estate Income, Inc.

2018 Q1 Form 10-Q Financial Statement

#000156459018012862 Filed on May 10, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $28.75K
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $28.75K
YoY Change
Operating Profit
YoY Change
Interest Expense $103.0K $10.42K
YoY Change 888.96%
% of Operating Profit
Other Income/Expense, Net $31.00K $89.43K
YoY Change -65.34%
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $496.0K $87.89K
YoY Change 464.33%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 2.120M 280.9K
Diluted Shares Outstanding 2.120M 280.9K

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $5.765M $1.553M
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
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 $30.22M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$1.957M
YoY Change
Common Stock $62.00M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $60.05M
YoY Change
Total Liabilities & Shareholders Equity $90.26M
YoY Change

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $496.0K $87.89K
YoY Change 464.33%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $594.0K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$24.35M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $20.15M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 28.12M
YoY Change
NET CHANGE
Cash From Operating Activities 594.0K
Cash From Investing Activities -24.35M
Cash From Financing Activities 28.12M
Net Change In Cash 4.359M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $594.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q4 us-gaap Interest Receivable
InterestReceivable
142138
CY2018Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
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CY2017Q4 us-gaap Prepaid Expense Current And Noncurrent
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2553
CY2017Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
1502901
CY2018Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
466502
CY2018Q1 us-gaap Interest Receivable
InterestReceivable
166465
CY2018Q1 us-gaap Other Assets
OtherAssets
500
CY2018Q1 ck0001690012 Loan Fees Payable
LoanFeesPayable
155000
CY2018Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
24209
CY2018Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
384568
CY2018Q1 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
233212
CY2018Q1 us-gaap Liabilities
Liabilities
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CY2017Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
500
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
88244
CY2017Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
3588
CY2018Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
22733
CY2018Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-7242
CY2017Q4 us-gaap Mortgage Loans On Real Estate Carrying Amount Of Mortgages
MortgageLoansOnRealEstateCarryingAmountOfMortgages
32094441
CY2018Q1 us-gaap Deferred Offering Costs
DeferredOfferingCosts
1345495
CY2018Q1 us-gaap Interest Expense
InterestExpense
102944
CY2017Q1 us-gaap Interest Expense
InterestExpense
10415
CY2018Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
727260
CY2017Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
91323
CY2018Q1 ck0001690012 Debt Finance Costs
DebtFinanceCosts
64984
CY2017Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
28750
CY2018Q1 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
21600
CY2017Q1 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
20750
CY2018Q1 us-gaap Professional Fees
ProfessionalFees
116499
CY2017Q1 us-gaap Professional Fees
ProfessionalFees
20812
CY2018Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
59214
CY2017Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
22552
CY2018Q1 us-gaap Noninterest Expense
NoninterestExpense
262297
CY2017Q1 us-gaap Noninterest Expense
NoninterestExpense
92864
CY2018Q1 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
30828
CY2017Q1 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
89433
CY2018Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
30828
CY2017Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
89433
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
495791
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
87892
CY2018Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.23
CY2017Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.31
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2119814
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
280856
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2119831
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
280856
CY2018Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
20148422
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
1575382
CY2018Q1 us-gaap Dividends
Dividends
1007676
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
833
CY2018Q1 ck0001690012 Amortization Of Equity Based Compensation
AmortizationOfEquityBasedCompensation
833
CY2018Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
64984
CY2017Q1 ck0001690012 Amortization Of Bond Premium
AmortizationOfBondPremium
15513
CY2018Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
24327
CY2017Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
19184
CY2018Q1 ck0001690012 Increase Decrease In Deferred Debt Finance Costs
IncreaseDecreaseInDeferredDebtFinanceCosts
-531486
CY2018Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
17905
CY2017Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
25535
CY2018Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
691
CY2018Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
19455535
CY2018Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
5000000
CY2018Q1 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
76915
CY2018Q1 us-gaap Common Stock Value
CommonStockValue
2476
CY2018Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
62001173
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1956685
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
60046964
CY2018Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
90261984
CY2018Q1 us-gaap Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
0
CY2018Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2018Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000
CY2018Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2476245
CY2018Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2476245
CY2018Q1 ck0001690012 Stock Issuance Costs
StockIssuanceCosts
4494086
CY2018Q1 us-gaap Interest Income Operating
InterestIncomeOperating
830204
CY2018Q1 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2017Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2018Q1 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2017Q4 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2018Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1553015
CY2018Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
20148422
CY2018Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1575382
CY2018Q1 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
65647000
CY2017Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
114463
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
6076171
CY2017Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1041161
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
511854
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-24378620
CY2018Q1 ck0001690012 Non Cash Change In Deferred Offering Costs And Accrued Offering Expenses Included In Due To Related Parties
NonCashChangeInDeferredOfferingCostsAndAccruedOfferingExpensesIncludedInDueToRelatedParties
-157406
CY2017Q1 ck0001690012 Non Cash Change In Deferred Offering Costs And Accrued Offering Expenses Included In Due To Related Parties
NonCashChangeInDeferredOfferingCostsAndAccruedOfferingExpensesIncludedInDueToRelatedParties
213351
CY2018Q1 us-gaap Interest Paid Net
InterestPaidNet
102253
CY2017Q1 us-gaap Interest Paid Net
InterestPaidNet
6827
CY2017Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
52273
CY2017 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
CY2018Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
CY2018Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2018 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0
CY2018Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2017Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2018Q1 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
0
CY2017Q1 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
0
CY2018Q1 ck0001690012 Available For Sale Securities Par Value Amount
AvailableForSaleSecuritiesParValueAmount
30880917
CY2018Q1 us-gaap Mortgage Backed Securities Available For Sale Fair Value Disclosure
MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
30947171
CY2018Q1 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
30880917
CY2018Q1 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
66254
CY2017Q4 ck0001690012 Available For Sale Securities Par Value Amount
AvailableForSaleSecuritiesParValueAmount
25957831
CY2017Q4 us-gaap Mortgage Backed Securities Available For Sale Fair Value Disclosure
MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
25993258
CY2017Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
25957831
CY2017Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
35935
CY2017Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
508
CY2018Q1 ck0001690012 Number Of Investments
NumberOfInvestments
4
CY2017Q4 ck0001690012 Number Of Investments
NumberOfInvestments
3
CY2018Q1 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
0
CY2018Q1 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
0
CY2017Q1 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
0
CY2018Q1 us-gaap Mortgage Loans On Real Estate Number Of Loans
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5
CY2018Q1 us-gaap Mortgage Loans On Real Estate Face Amount Of Mortgages
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52010966
CY2018Q1 ck0001690012 Mortgage Loans On Real Estate Unamortized Costs Net
MortgageLoansOnRealEstateUnamortizedCostsNet
-460990
CY2018Q1 us-gaap Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
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CY2018Q1 ck0001690012 Mortgage Loans On Real Estate Weighted Average Maturity Period
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P3Y10M24D
CY2017 us-gaap Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
3
CY2017Q4 us-gaap Mortgage Loans On Real Estate Face Amount Of Mortgages
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32450941
CY2017Q4 ck0001690012 Mortgage Loans On Real Estate Unamortized Costs Net
MortgageLoansOnRealEstateUnamortizedCostsNet
-356500
CY2017 us-gaap Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
0.0680
CY2017 ck0001690012 Mortgage Loans On Real Estate Weighted Average Maturity Period
MortgageLoansOnRealEstateWeightedAverageMaturityPeriod
P4Y7M6D
CY2017 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0

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