$IOR
INCOME OPPORTUNITY REALTY INVESTORS INC /TX/

2023 Q1 Form 10-K Financial Statement

#000138713123003916 Filed on March 23, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022 Q1
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $537.0K $428.0K $460.0K
YoY Change 16.74% -29.02% -12.21%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $537.0K $428.0K $460.0K
YoY Change 16.74% 21.25% -12.21%
Operating Profit -$537.0K -$428.0K -$460.0K
YoY Change 16.74% 21.25% -12.21%
Interest Expense $1.866M $2.096M $1.252M
YoY Change 49.04% 66.88% 2.79%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change -100.0%
Pretax Income $1.329M $1.668M $792.0K
YoY Change 67.8% 84.72% -53.71%
Income Tax $279.0K $399.0K $166.0K
% Of Pretax Income 20.99% 23.92% 20.96%
Net Earnings $1.050M $1.269M $626.0K
YoY Change 67.73% 77.48% -53.7%
Net Earnings / Revenue
Basic Earnings Per Share $0.25 $0.30 $0.15
Diluted Earnings Per Share $0.25 $0.30 $150.2K
COMMON SHARES
Basic Shares Outstanding 4.168M shares 4.168M shares 4.168M shares
Diluted Shares Outstanding 4.168M shares 4.168M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.000K $6.000K $5.000K
YoY Change 20.0% 200.0%
Cash & Equivalents $6.000K $6.000K $5.000K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $101.6M $100.1M $97.18M
Other Receivables $101.6M $100.1M $0.00
Total Short-Term Assets $101.9M $100.8M $97.18M
YoY Change 4.85% 4.05% 3.05%
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 $11.17M $11.17M $11.50M
YoY Change -2.87% 0.0% 0.0%
TOTAL ASSETS
Total Short-Term Assets $101.9M $100.8M $97.18M
Total Long-Term Assets $11.17M $11.17M $11.50M
Total Assets $113.1M $112.0M $108.7M
YoY Change 4.03% 3.63% 2.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.00K $4.000K $5.000K
YoY Change 600.0% -66.67% 150.0%
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 $35.00K $4.000K $5.000K
YoY Change 600.0% -66.67% 150.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $35.00K $4.000K $5.000K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $35.00K $4.000K $5.000K
YoY Change 600.0% -66.67% 150.0%
SHAREHOLDERS EQUITY
Retained Earnings $51.08M $50.03M
YoY Change 8.53%
Common Stock $62.00M $62.00M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $39.00K $39.00K
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $113.0M $112.0M $108.7M
YoY Change
Total Liabilities & Shareholders Equity $113.1M $112.0M $108.7M
YoY Change 4.03% 3.63% 2.72%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022 Q1
OPERATING ACTIVITIES
Net Income $1.050M $1.269M $626.0K
YoY Change 67.73% 77.48% -53.7%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$5.000K $3.000K
YoY Change -99.94% -100.1%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities $0.00
YoY Change -100.0%
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 -5.000K 3.000K
Cash From Investing Activities 0.000
Cash From Financing Activities
Net Change In Cash -5.000K $0.00
YoY Change -54.55% -100.0%
FREE CASH FLOW
Cash From Operating Activities -$5.000K $3.000K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2022 us-gaap Concentration Risk Credit Risk
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<p id="xdx_84F_eus-gaap--ConcentrationRiskCreditRisk_zGF7z6YmueD2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><i><span id="xdx_866_z9geiFmgWMzk">Concentration of credit risk</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">We maintain our cash balances at commercial banks and through investment companies, the deposits that are insured by the Federal Deposit Insurance Corporation (FDIC). During the years ended December 31, 2022 and 2021, the Company did not maintain balances in excess of the insured amount.</p>
CY2022 us-gaap Use Of Estimates
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<p id="xdx_849_eus-gaap--UseOfEstimates_zspnFq2yp3x4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><i><span id="xdx_86F_zBbzsVd7yrVg">Use of estimates</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">In the preparation of consolidated financial statements in conformity with GAAP, it is necessary for management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expense for the year ended. Actual results could differ from those estimates.</p>
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0.046 pure
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.047 pure
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-460000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-341000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-397000 usd
CY2022Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-428000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
626000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
848000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
1188000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
1269000 usd
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-524000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-356000 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-345000 usd
CY2021Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-353000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
1352000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
819000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
712000 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
715000 usd
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2022Q4 srt Mortgage Loans On Real Estate Prior Liens1
MortgageLoansOnRealEstatePriorLiens1
26902000 usd
CY2022Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
11173000 usd
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
11173000 usd
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
11173000 usd
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
13126000 usd
CY2019Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
13126000 usd
CY2021 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
1953000 usd
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
11173000 usd
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
11173000 usd
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
13126000 usd

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0001387131-23-003916-xbrl.zip Edgar Link pending
ex21-1.htm Edgar Link pending
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