$LFT
Lument Finance Trust, Inc. Stock $lft

$lft Overview Financials Valuation SEC Filings Company Website

2019 Q1 Form 10-Q Financial Statement

#000162828019006565 Filed on May 10, 2019

Income Statement

Concept	2019 Q1	2018 Q4	2018 Q1
Revenue	$9.983M	$10.17M	$21.52M
YoY Change	-53.6%	-56.32%	67.18%
Cost Of Revenue	$5.780M	$5.570M	$18.40M
YoY Change	-68.59%	-68.95%	12.13%
Gross Profit	$3.500M	$4.570M	$270.0K
YoY Change	1196.3%	-14.42%	-107.65%
Gross Profit Margin	35.06%	44.94%	1.25%
Selling, General & Admin	$2.610M	$1.990M	$2.810M
YoY Change	-7.12%	-33.0%	-17.11%
% of Gross Profit	74.57%	43.54%	1040.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$2.648M	$2.250M	$3.213M
YoY Change	-17.58%	-26.35%	-11.12%
Operating Profit	$852.0K	$2.320M	-$2.943M
YoY Change	-128.95%	1.53%	-58.81%
Interest Expense	$5.776M	$5.571M	$18.40M
YoY Change	-68.61%	-68.94%	12.13%
% of Operating Profit	677.93%	240.13%
Other Income/Expense, Net	-$147.0K	-$476.0K	$11.41M
YoY Change	-101.29%	-106.64%	5576.62%
Pretax Income	$1.410M	$1.870M	$11.32M
YoY Change	-87.54%	-78.97%	377.64%
Income Tax	-$63.00K	$1.522M	$0.00
% Of Pretax Income	-4.47%	81.39%	0.0%
Net Earnings	$1.475M	$350.0K	$11.32M
YoY Change	-86.96%	-96.91%	377.63%
Net Earnings / Revenue	14.78%	3.44%	52.59%
Basic Earnings Per Share
Diluted Earnings Per Share	$62.05K	$14.77K	$484.0K
COMMON SHARES
Basic Shares Outstanding	23.68M shares	23.69M shares	23.68M shares
Diluted Shares Outstanding	23.69M shares

Balance Sheet

Concept	2019 Q1	2018 Q4	2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$13.60M	$7.900M	$42.30M
YoY Change	-67.85%	-76.97%	29.36%
Cash & Equivalents	$13.64M	$7.883M	$42.26M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$16.20M	$67.70M	$195.0M
YoY Change	-91.69%	33.79%	353.49%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments		$0.00	$1.095B
YoY Change		-100.0%	5.74%
Other Assets	$52.50M	$51.50M	$11.80M
YoY Change	344.92%	347.83%	51.28%
Total Long-Term Assets	$643.2M	$611.7M	$2.347B
YoY Change	-72.59%	-76.13%	-2.33%
TOTAL ASSETS
Total Short-Term Assets	$16.20M	$67.70M	$195.0M
Total Long-Term Assets	$643.2M	$611.7M	$2.347B
Total Assets	$659.4M	$679.4M	$2.542B
YoY Change	-74.06%	-74.0%	3.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.600M	$2.100M	$200.0K
YoY Change	1200.0%	600.0%	-50.0%
Accrued Expenses	$1.000M	$1.200M	$6.000M
YoY Change	-83.33%	-80.65%	9.09%
Deferred Revenue		$0.00
YoY Change		-100.0%
Short-Term Debt	$504.5M	$504.0M	$1.177B
YoY Change	-57.14%	-59.17%	21.2%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$510.8M	$509.9M	$1.198B
YoY Change	-57.38%	-58.97%	22.44%
LONG-TERM LIABILITIES
Long-Term Debt	$39.30M	$19.20M	$1.193B
YoY Change	-96.71%	-98.43%	-9.76%
Other Long-Term Liabilities	$2.600M	$0.00	$300.0K
YoY Change	766.67%	-100.0%	50.0%
Total Long-Term Liabilities	$39.30M	$19.20M	$1.193B
YoY Change	-96.71%	-98.43%	-9.76%
TOTAL LIABILITIES
Total Short-Term Liabilities	$510.8M	$509.9M	$1.198B
Total Long-Term Liabilities	$39.30M	$19.20M	$1.193B
Total Liabilities	$550.1M	$529.1M	$2.392B
YoY Change	-77.0%	-78.55%	3.93%
SHAREHOLDERS EQUITY
Retained Earnings	-$2.364M	-$3.839M	$15.38M
YoY Change	-115.37%	-335.1%	788.43%
Common Stock	$236.8K	$236.8K	$236.8K
YoY Change	0.02%	6.97%	35.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$109.2M	$150.1M	$150.4M
YoY Change
Total Liabilities & Shareholders Equity	$659.4M	$679.4M	$2.542B
YoY Change	-74.06%	-74.0%	3.93%

Cashflow Statement

Concept	2019 Q1	2018 Q4	2018 Q1
OPERATING ACTIVITIES
Net Income	$1.475M	$350.0K	$11.32M
YoY Change	-86.96%	-96.91%	377.63%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	$2.497M	$1.170M	$1.890M
YoY Change	32.12%	-64.55%	-243.78%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$7.190M	-$27.39M	$59.75M
YoY Change	-87.97%	-848.36%	-137.56%
Cash From Investing Activities	$7.191M	-$27.39M	$59.75M
YoY Change	-87.96%	-848.36%	-137.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$0.00		-$7.311M
YoY Change	-100.0%		-78624.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$2.913M	-2.180M	-$53.35M
YoY Change	-94.54%	-70.26%	-132.75%
NET CHANGE
Cash From Operating Activities	$2.497M	1.170M	$1.890M
Cash From Investing Activities	$7.191M	-27.39M	$59.75M
Cash From Financing Activities	-$2.913M	-2.180M	-$53.35M
Net Change In Cash	$6.775M	-28.40M	$8.293M
YoY Change	-18.3%	7575.68%	229.49%
FREE CASH FLOW
Cash From Operating Activities	$2.497M	$1.170M	$1.890M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2019Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2019Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2019Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
CY2019Q1	dei	Document Period End Date DocumentPeriodEndDate	2019-03-31
CY2019Q1	dei	Document Type DocumentType	10-Q
CY2019Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001547546
CY2019Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	23687664	shares
CY2019Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2019Q1	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2019Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2019Q1	dei	Entity Registrant Name EntityRegistrantName	Hunt Companies Finance Trust, Inc.
CY2019Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2019Q1	dei	Trading Symbol TradingSymbol	HCFT
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CY2019Q1	oaks	Amortization Of Offering Costs AmortizationOfOfferingCosts	-22383	USD
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CY2019Q1	oaks	Available For Sale Securities Change In Net Unrealized Holding Gain Loss Non Cash Item AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNonCashItem	0	USD
CY2019Q1	oaks	Backstop Deferred Revenue Recognition Period BackstopDeferredRevenueRecognitionPeriod	P5Y
CY2019Q1	oaks	Backstop Guarantee Assumed Prepayment Rate BackstopGuaranteeAssumedPrepaymentRate	0.15
CY2018Q4	oaks	Collateralized Loan Obligation Deferred Financing Costs CollateralizedLoanObligationDeferredFinancingCosts	3761410	USD
CY2019Q1	oaks	Collateralized Loan Obligation Deferred Financing Costs CollateralizedLoanObligationDeferredFinancingCosts	3550489	USD
CY2018Q4	oaks	Collateralized Loan Obligation Unamortized Discount CollateralizedLoanObligationUnamortizedDiscount	2440674	USD
CY2019Q1	oaks	Collateralized Loan Obligation Unamortized Discount CollateralizedLoanObligationUnamortizedDiscount	2170488	USD
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CY2017Q4	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-430856	USD
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CY2019Q1	us-gaap	Dividends Dividends	5231636	USD
CY2018Q1	us-gaap	Dividends Common Stock DividendsCommonStock	2314686	USD
CY2019Q1	us-gaap	Dividends Common Stock DividendsCommonStock	1658136	USD
CY2018Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	39132	USD
CY2018Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	1465610	USD
CY2019Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	1661844	USD
CY2018Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	880509	USD
CY2019Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	480472	USD
CY2018Q4	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	1175000	USD
CY2019Q1	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	1046436	USD
CY2018Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.45
CY2019Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.09
CY2019Q1	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	1
CY2019Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P0Y3M18D
CY2018Q4	us-gaap	Fees And Commissions Mortgage Banking And Servicing FeesAndCommissionsMortgageBankingAndServicing	219978	USD
CY2019Q1	us-gaap	Fees And Commissions Mortgage Banking And Servicing FeesAndCommissionsMortgageBankingAndServicing	248214	USD
CY2019Q1	us-gaap	Financing Receivable Recorded Investment Nonaccrual Status FinancingReceivableRecordedInvestmentNonaccrualStatus	0	USD
CY2018Q4	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	2792794	USD
CY2019Q1	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	0	USD
CY2018Q4	us-gaap	Gain Loss On Sale Of Investments GainLossOnSaleOfInvestments	-2848007	USD
CY2019Q1	us-gaap	Gain Loss On Sale Of Investments GainLossOnSaleOfInvestments	-709439	USD
CY2018Q4	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1390061	USD
CY2019Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1466685	USD
CY2019Q1	us-gaap	Impaired Financing Receivable Recorded Investment ImpairedFinancingReceivableRecordedInvestment	0	USD
CY2018Q4	us-gaap	Income Loss Attributable To Parent IncomeLossAttributableToParent	11315000	USD
CY2019Q1	us-gaap	Income Loss Attributable To Parent IncomeLossAttributableToParent	1411702	USD
CY2018Q4	us-gaap	Income Tax Examination Penalties And Interest Accrued IncomeTaxExaminationPenaltiesAndInterestAccrued	1960000	USD
CY2018Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2019Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-63065	USD
CY2018Q1	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	-100083	USD
CY2019Q1	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	180869	USD
CY2018Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	51450	USD
CY2019Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	0	USD
CY2018Q1	us-gaap	Increase Decrease In Deferred Charges IncreaseDecreaseInDeferredCharges	7617	USD
CY2019Q1	us-gaap	Increase Decrease In Deferred Charges IncreaseDecreaseInDeferredCharges	-22383	USD
CY2018Q1	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	567711	USD
CY2019Q1	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	-128564	USD
CY2018Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-291435	USD
CY2019Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	149854	USD
CY2018Q1	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-63221	USD
CY2019Q1	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	583418	USD
CY2018Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-143759	USD
CY2019Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	302767	USD
CY2018Q1	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	0	shares
CY2019Q1	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	0	shares
CY2018Q4	us-gaap	Interest And Dividend Income Securities Available For Sale InterestAndDividendIncomeSecuritiesAvailableForSale	7079590	USD
CY2019Q1	us-gaap	Interest And Dividend Income Securities Available For Sale InterestAndDividendIncomeSecuritiesAvailableForSale	0	USD
CY2018Q4	us-gaap	Interest And Fee Income Loans Commercial Real Estate InterestAndFeeIncomeLoansCommercialRealEstate	0	USD
CY2019Q1	us-gaap	Interest And Fee Income Loans Commercial Real Estate InterestAndFeeIncomeLoansCommercialRealEstate	9904188	USD
CY2018Q4	us-gaap	Interest And Other Income InterestAndOtherIncome	1147641	USD
CY2019Q1	us-gaap	Interest And Other Income InterestAndOtherIncome	0	USD
CY2018Q4	us-gaap	Interest Expense Long Term Debt InterestExpenseLongTermDebt	12526295	USD
CY2019Q1	us-gaap	Interest Expense Long Term Debt InterestExpenseLongTermDebt	0	USD
CY2018Q4	us-gaap	Interest Expense Other Long Term Debt InterestExpenseOtherLongTermDebt	920057	USD
CY2019Q1	us-gaap	Interest Expense Other Long Term Debt InterestExpenseOtherLongTermDebt	0	USD
CY2018Q4	us-gaap	Interest Income And Fees Bankers Acceptances Certificates Of Deposit And Commercial Paper InterestIncomeAndFeesBankersAcceptancesCertificatesOfDepositAndCommercialPaper	61042	USD
CY2019Q1	us-gaap	Interest Income And Fees Bankers Acceptances Certificates Of Deposit And Commercial Paper InterestIncomeAndFeesBankersAcceptancesCertificatesOfDepositAndCommercialPaper	0	USD
CY2018Q4	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	3117572	USD
CY2019Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	4206547	USD
CY2018Q4	us-gaap	Interest Income Securities Mortgage Backed InterestIncomeSecuritiesMortgageBacked	13227188	USD
CY2019Q1	us-gaap	Interest Income Securities Mortgage Backed InterestIncomeSecuritiesMortgageBacked	78361	USD
CY2018Q1	us-gaap	Interest Paid Net InterestPaidNet	5242972	USD
CY2019Q1	us-gaap	Interest Paid Net InterestPaidNet	4965785	USD
CY2018Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	1231649	USD
CY2019Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	1017648	USD
CY2018Q4	us-gaap	Interest Receivable InterestReceivable	2430790	USD
CY2019Q1	us-gaap	Interest Receivable InterestReceivable	2611659	USD
CY2018Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	8323342	USD
CY2018Q1	us-gaap	Investment Income Net InvestmentIncomeNet	7079590	USD
CY2018Q1	us-gaap	Investment Income Net Amortization Of Discount And Premium InvestmentIncomeNetAmortizationOfDiscountAndPremium	-1243752	USD
CY2019Q1	us-gaap	Investment Income Net Amortization Of Discount And Premium InvestmentIncomeNetAmortizationOfDiscountAndPremium	0	USD
CY2018Q4	us-gaap	Liabilities Liabilities	529148697	USD
CY2019Q1	us-gaap	Liabilities Liabilities	550136102	USD
CY2018Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	679352035	USD
CY2019Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	659406989	USD
CY2017Q4	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	19231331	USD
CY2019Q1	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	40250000	USD
CY2019Q1	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	0	USD
CY2018Q1	us-gaap	Management Fee Expense ManagementFeeExpense	576135	USD
CY2018Q4	us-gaap	Management Fee Expense ManagementFeeExpense	576135	USD
CY2019Q1	us-gaap	Management Fee Expense ManagementFeeExpense	553459	USD
CY2018Q1	us-gaap	Management Fee Payable ManagementFeePayable	577000	USD
CY2019Q1	us-gaap	Management Fee Payable ManagementFeePayable	567000	USD
CY2018Q4	us-gaap	Minority Interest MinorityInterest	99500	USD
CY2019Q1	us-gaap	Minority Interest MinorityInterest	99500	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-53346611	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-2912918	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	59749583	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	7191371	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1889899	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2496903	USD
CY2017Q4	us-gaap	Net Income Loss NetIncomeLoss	11315000	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	11315000	USD
CY2018Q4	us-gaap	Net Income Loss NetIncomeLoss	11315000	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	1474767	USD
CY2018Q4	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	10434491	USD
CY2019Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-2098733	USD
CY2018Q4	us-gaap	Noninterest Expense NoninterestExpense	3212812	USD
CY2019Q1	us-gaap	Noninterest Expense NoninterestExpense	2647961	USD
CY2018Q4	us-gaap	Notes Receivable Net NotesReceivableNet	555172891	USD
CY2019Q1	us-gaap	Notes Receivable Net NotesReceivableNet	585770803	USD
CY2019Q1	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	1000000	USD
CY2018Q4	us-gaap	Other Accounts Payable And Accrued Liabilities OtherAccountsPayableAndAccruedLiabilities	2066189	USD
CY2019Q1	us-gaap	Other Accounts Payable And Accrued Liabilities OtherAccountsPayableAndAccruedLiabilities	2649607	USD
CY2018Q4	us-gaap	Other Assets OtherAssets	1010671	USD
CY2019Q1	us-gaap	Other Assets OtherAssets	1313438	USD
CY2017Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-10865347	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	0	USD
CY2017Q4	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	-1289589	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	0	USD
CY2017Q4	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-12154936	USD
CY2019Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	0	USD
CY2018Q4	us-gaap	Other Income OtherIncome	15875	USD
CY2019Q1	us-gaap	Other Income OtherIncome	0	USD
CY2018Q4	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-404469	USD
CY2019Q1	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-37757	USD
CY2018Q1	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	-2792794	USD
CY2019Q1	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	0	USD
CY2018Q1	us-gaap	Payments For Proceeds From Investments PaymentsForProceedsFromInvestments	136340151	USD
CY2019Q1	us-gaap	Payments For Proceeds From Investments PaymentsForProceedsFromInvestments	-33042234	USD
CY2018Q1	us-gaap	Payments For Repurchase Of Redeemable Preferred Stock PaymentsForRepurchaseOfRedeemablePreferredStock	0	USD
CY2019Q1	us-gaap	Payments For Repurchase Of Redeemable Preferred Stock PaymentsForRepurchaseOfRedeemablePreferredStock	40250000	USD
CY2018Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	2314686	USD
CY2019Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	1421259	USD
CY2018Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	880509	USD
CY2019Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	521114	USD
CY2018Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	USD
CY2019Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	970545	USD
CY2018Q1	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	0	USD
CY2018Q4	us-gaap	Preferred Stock Liquidation Preference PreferredStockLiquidationPreference	25.00
CY2018Q1	us-gaap	Proceeds From Sale Of Available For Sale Securities ProceedsFromSaleOfAvailableForSaleSecurities	144210537	USD
CY2019Q1	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	64612349	USD
CY2018Q1	us-gaap	Preferred Stock Dividend Rate Percentage PreferredStockDividendRatePercentage	0.0875
CY2018	us-gaap	Preferred Stock Dividend Rate Percentage PreferredStockDividendRatePercentage	0.0875
CY2019Q1	us-gaap	Preferred Stock Dividend Rate Percentage PreferredStockDividendRatePercentage	0.0875
CY2017Q4	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	880509	USD
CY2018Q4	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	880509	USD
CY2019Q1	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	480472	USD
CY2018Q4	us-gaap	Preferred Stock Liquidation Preference PreferredStockLiquidationPreference	25
CY2018Q4	us-gaap	Preferred Stock Liquidation Preference Value PreferredStockLiquidationPreferenceValue	25	USD
CY2019Q1	us-gaap	Preferred Stock Liquidation Preference Value PreferredStockLiquidationPreferenceValue	25	USD
CY2018Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2019Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2018Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2019Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2018Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	1610000	shares
CY2018Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	1610000	shares
CY2019Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2018Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	1610000	shares
CY2019Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2018Q4	us-gaap	Preferred Stock Value PreferredStockValue	37156972	USD
CY2019Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	7310584	USD
CY2019Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	0	USD
CY2019Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	40250000	USD
CY2018Q1	us-gaap	Proceeds From Payments For In Securities Sold Under Agreements To Repurchase ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase	4064474000	USD
CY2019Q1	us-gaap	Proceeds From Payments For In Securities Sold Under Agreements To Repurchase ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase	0	USD
CY2018Q1	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	0	USD
CY2019Q1	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	34014437	USD
CY2019Q1	us-gaap	Proceeds From Sale Of Available For Sale Securities ProceedsFromSaleOfAvailableForSaleSecurities	0	USD
CY2018Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	4121936000	USD
CY2019Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	0	USD
CY2018Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	51330950	USD
CY2019Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	52348987	USD
CY2018Q1	us-gaap	Restricted Stock Expense RestrictedStockExpense	4804	USD
CY2019Q1	us-gaap	Restricted Stock Expense RestrictedStockExpense	3773	USD
CY2018Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-3838690	USD
CY2019Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-2363923	USD
CY2019Q1	us-gaap	Secured Debt SecuredDebt	40250000	USD
CY2018Q4	us-gaap	Secured Long Term Debt SecuredLongTermDebt	0	USD
CY2019Q1	us-gaap	Secured Long Term Debt SecuredLongTermDebt	39300544	USD
CY2018Q4	us-gaap	Share Based Compensation ShareBasedCompensation	96055	USD
CY2019Q1	us-gaap	Share Based Compensation ShareBasedCompensation	50023	USD
CY2019Q1	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	40250000	USD
CY2015Q4	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	10000000	USD
CY2019Q1	us-gaap	Undistributed Earnings Loss Available To Common Shareholders Basic UndistributedEarningsLossAvailableToCommonShareholdersBasic	-3756869	USD
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	150103838	USD
CY2019Q1	us-gaap	Stockholders Equity StockholdersEquity	109171387	USD
CY2018Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	150203338	USD
CY2019Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	109270887	USD
CY2018Q1	us-gaap	Undistributed Earnings Loss Available To Common Shareholders Basic UndistributedEarningsLossAvailableToCommonShareholdersBasic	8119805	USD
CY2018Q4	us-gaap	Variable Interest Entity Consolidated Carrying Amount Assets VariableInterestEntityConsolidatedCarryingAmountAssets	24357335	USD
CY2018Q4	us-gaap	Variable Interest Entity Consolidated Carrying Amount Liabilities VariableInterestEntityConsolidatedCarryingAmountLiabilities	19595186	USD
CY2018Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	23392387	shares
CY2018Q4	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	23392387	shares
CY2019Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	23687664	shares
CY2019Q1	us-gaap	Guarantees Indemnifications And Warranties Policies GuaranteesIndemnificationsAndWarrantiesPolicies	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">Backstop Guarantees</font></div><div style="line-height:120%;text-indent:24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">The Company, through FOAC and in return for fees, provides seller eligibility and backstop guarantee services in respect of residential mortgage loans that are traded through one or more loan exchanges operated by MAXEX LLC (“MAXEX”). On June 27, 2018, FOAC entered into an amendment with MAXEX pursuant to which, amongst other things, FOAC's obligations to provide such seller eligibility and backstop guarantee services terminated at 11:59 p.m. (Eastern Standard Time) on December 31, 2018 or sooner, at MAXEX's option. See Note 14 and Note 15 for additional information regarding MAXEX. To the extent that a loan seller approved by FOAC fails to honor its obligations to repurchase one or more loans based on an arbitration finding that such seller has breached its representations and warranties, FOAC provides a backstop guarantee of the repurchase obligation. The Company has evaluated its backstop guarantees pursuant to ASC 460, Guarantees, and has determined them to be performance guarantees, for which ASC 460 contains initial recognition and measurement requirements, and related disclosure requirements. FOAC is obligated in two respects: (i) a noncontingent liability, which represents FOAC's obligation to stand ready to perform under the terms of the guarantee in the event that the specified triggering event(s) occur; and (ii) the contingent liability, which represents FOAC’s obligation to make future payments if those triggering events occur. FOAC recognized the noncontingent liability at the inception of the guarantee at the fair value, which is the fee received or receivable, and is recorded on the Company’s consolidated balance sheet as a liability in the line item “Deferred income.” The Company amortizes these fees into income on a straight-line basis over </font><font style="font-family:inherit;font-size:8pt;">five years</font><font style="font-family:inherit;font-size:8pt;">, based on an assumed constant prepayment rate of </font><font style="font-family:inherit;font-size:8pt;">15%</font><font style="font-family:inherit;font-size:8pt;"> for residential mortgage loans and other observable data. The Company’s contingent liability is accounted for pursuant to ASC 450, Contingencies, pursuant to which the contingent liability must be recognized when its payment becomes probable and reasonably estimable.</font></div></div>
CY2019Q1	us-gaap	Revenue Recognition Deferred Revenue RevenueRecognitionDeferredRevenue	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">Deferred Income</font></div><div style="line-height:120%;text-indent:24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Previously, certain service revenues received in the period were recorded as a liability in the Company’s condensed consolidated balance sheets in the line item “Deferred income”, for subsequent recognition as income in the Company’s condensed consolidated statements of operations in the line item "Other income".. </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;"></font></div></div>
CY2019Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-indent:24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">The financial statements have been prepared on the accrual basis of accounting in accordance with GAAP. The preparation of financial statements in conformity with GAAP requires the Company to make a number of significant estimates. These include estimates of fair value of certain assets and liabilities, amount and timing of credit losses, prepayment rates, and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the financial statements and the reported amounts of certain revenues and expenses during the reported period. It is likely that changes in these estimates (e.g. valuation changes due to supply and demand, credit performance, prepayments, interest rates, or other reasons) will occur in the near term. The Company’s estimates are inherently subjective in nature and actual results could differ from its estimates and the differences may be material.</font></div><div style="line-height:120%;text-indent:24px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div></div>

Files In Submission

Name	View Source	Status
0001628280-19-006565-index-headers.html	Edgar Link	pending
0001628280-19-006565-index.html	Edgar Link	pending
0001628280-19-006565.txt	Edgar Link	pending
0001628280-19-006565-xbrl.zip	Edgar Link	pending
exhibit31-1.htm	Edgar Link	pending
exhibit31-2.htm	Edgar Link	pending
exhibit32-1.htm	Edgar Link	pending
exhibit32-2.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
oaks-20190331.xml	Edgar Link	completed
oaks-20190331.xsd	Edgar Link	pending
oaks-20190331_cal.xml	Edgar Link	unprocessable
oaks-20190331_def.xml	Edgar Link	unprocessable
oaks-20190331_lab.xml	Edgar Link	unprocessable
oaks-20190331_pre.xml	Edgar Link	unprocessable
oaks10-q20190331.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$LFT
Lument Finance Trust, Inc. Stock $lft

2019 Q1 Form 10-Q Financial Statement

#000162828019006565 Filed on May 10, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LFT Lument Finance Trust, Inc. Stock $lft

2019 Q1 Form 10-Q Financial Statement

#000162828019006565 Filed on May 10, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LFT
Lument Finance Trust, Inc. Stock $lft