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

2020 Q2 Form 10-Q Financial Statement

#000156459021044215 Filed on August 13, 2021

View on sec.gov

Income Statement

Concept 2020 Q2 2020 Q1
Revenue $6.394M
YoY Change
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 $3.426M $1.565M
YoY Change 40.12% -21.0%
Operating Profit
YoY Change
Interest Expense $3.962M
YoY Change 43.81%
% of Operating Profit
Other Income/Expense, Net -$1.644M -$42.69M
YoY Change 9033.33% -2518.53%
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $1.006M -$37.86M
YoY Change -59.5% -1145.8%
Net Earnings / Revenue -592.09%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 11.63M 11.35M
Diluted Shares Outstanding 11.63M 11.35M

Balance Sheet

Concept 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $39.94M $46.68M
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 $483.1M
YoY Change 78.17%
SHAREHOLDERS EQUITY
Retained Earnings -$51.19M
YoY Change 762.66%
Common Stock $288.0M
YoY Change 52.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $237.5M $236.9M
YoY Change
Total Liabilities & Shareholders Equity $719.9M
YoY Change 58.74%

Cashflow Statement

Concept 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income $1.006M -$37.86M
YoY Change -59.5% -1145.8%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $4.982M
YoY Change 199.94%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$48.49M
YoY Change -37.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$23.50M
YoY Change -155.06%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 52.54M
YoY Change -31.8%
NET CHANGE
Cash From Operating Activities 4.982M
Cash From Investing Activities -48.49M
Cash From Financing Activities 52.54M
Net Change In Cash 9.036M
YoY Change 505.22%
FREE CASH FLOW
Cash From Operating Activities $4.982M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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ck1690012 Related Party Transaction Advisory Fee
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ck1690012 Related Party Transaction Advisory Fee
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ck1690012 Debt Finance Costs
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ck1690012 Debt Finance Costs
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ck1690012 Directors Compensation
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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ck1690012 Amortization Of Equity Based Compensation
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ck1690012 Amortization Of Debt Finance Costs To Operating Expense
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ck1690012 Amortization Of Debt Finance Costs To Operating Expense
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ck1690012 Amortization Of Debt Finance Costs To Interest Expense
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us-gaap Increase Decrease In Accrued Liabilities
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ck1690012 Increase Decrease In Loans Fees Payable
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ck1690012 Distribution Reinvestment
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us-gaap Additional Cash And Cash Equivalent Related Text
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RestrictedCashCurrent
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srt Mortgage Loans On Real Estate Number Of Loans
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srt Mortgage Loans On Real Estate Collections Of Principal
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146000
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4726000
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386000
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0
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5765000
CY2020Q2 us-gaap Interest And Fee Income Loans And Leases
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71000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
606000
ck1690012 Number Of Loans Risk Rated Two
NumberOfLoansRiskRatedTwo
28
CY2020 ck1690012 Initial Risk Rating For Commercial Mortgage Loans Held For Investment And Real Estate Securities
InitialRiskRatingForCommercialMortgageLoansHeldForInvestmentAndRealEstateSecurities
2
ck1690012 Initial Risk Rating For Commercial Mortgage Loans Held For Investment And Real Estate Securities
InitialRiskRatingForCommercialMortgageLoansHeldForInvestmentAndRealEstateSecurities
2
ck1690012 Number Of Loans Risk Rated Three
NumberOfLoansRiskRatedThree
6
ck1690012 Number Of Loans Risk Rated Four
NumberOfLoansRiskRatedFour
2
CY2020 ck1690012 Number Of Loans Risk Rated Two
NumberOfLoansRiskRatedTwo
19
CY2020 ck1690012 Number Of Loans Risk Rated Three
NumberOfLoansRiskRatedThree
7
CY2020 ck1690012 Number Of Loans Risk Rated Four
NumberOfLoansRiskRatedFour
3
ck1690012 Number Of Loans Risk Rated One
NumberOfLoansRiskRatedOne
0
ck1690012 Number Of Loans Risk Rated Five
NumberOfLoansRiskRatedFive
0
CY2020 ck1690012 Number Of Loans Risk Rated One
NumberOfLoansRiskRatedOne
0
CY2020Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2020-07-31
CY2020Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2020-08-31
CY2020Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2020-09-30
CY2020Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2020-10-31
CY2020Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2020-11-30
CY2020Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2020-12-31
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
CY2021Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1207000
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
3298000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
1006000
us-gaap Net Income Loss
NetIncomeLoss
4663000
us-gaap Net Income Loss
NetIncomeLoss
-36852000
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11630987
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11640606
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11490217
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
262
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
317
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
101
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11640520
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11631304
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11640707
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11490217
CY2021Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.28
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.09
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.40
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-3.21
CY2021Q2 ck1690012 Number Of Commercial Real Estate Loans
NumberOfCommercialRealEstateLoans
28
CY2021Q2 ck1690012 Commercial Real Estate Loans Remaining Future Funding Commitment
CommercialRealEstateLoansRemainingFutureFundingCommitment
72805000
CY2020Q4 ck1690012 Number Of Commercial Real Estate Loans
NumberOfCommercialRealEstateLoans
20
CY2020Q4 ck1690012 Commercial Real Estate Loans Remaining Future Funding Commitment
CommercialRealEstateLoansRemainingFutureFundingCommitment
50940000
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.
ck1690012 Lessee Finance Lease Commencement Date
LesseeFinanceLeaseCommencementDate
1999-04-01
us-gaap Lease Expiration Date1
LeaseExpirationDate1
2098-03-31
ck1690012 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
CY2021Q2 ck1690012 Lessee Finance Lease Interest Rate
LesseeFinanceLeaseInterestRate
0.1137
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
18000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
36000
CY2021Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
480000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
958000
CY2021Q2 ck1690012 Finance Lease Cost
FinanceLeaseCost
498000
ck1690012 Finance Lease Cost
FinanceLeaseCost
994000
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
5549000
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
5549000
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
60000
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
24000
CY2021Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
5489000
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
5525000
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1745000
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1772000
CY2021Q2 ck1690012 Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
271457000
CY2021Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
279002000
CY2021Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
262059000
CY2021Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
806000
CY2021Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1611000
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1611000
CY2021Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
16943000

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