$LFT
Lument Finance Trust, Inc.

2021 Q4 Form 10-Q Financial Statement

#000162828021022595 Filed on November 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $11.00M $9.471M $8.117M
YoY Change 40.62% 16.68% -17.44%
Cost Of Revenue $4.831M $4.738M $3.290M
YoY Change 51.43% 44.01% -45.53%
Gross Profit $6.174M $4.733M $4.830M
YoY Change 33.06% -2.01% 27.11%
Gross Profit Margin 56.1% 49.97% 59.5%
Selling, General & Admin $2.300M $2.306M $1.950M
YoY Change 8.99% 18.25% 16.07%
% of Gross Profit 37.25% 48.72% 40.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.406M $2.397M $2.262M
YoY Change 11.67% 5.98% 32.82%
Operating Profit $3.768M $2.336M $2.568M
YoY Change 51.61% -9.05% 22.46%
Interest Expense -$60.00K -$60.00K $3.285M
YoY Change -101.88% -101.83% -45.58%
% of Operating Profit -1.59% -2.57% 127.92%
Other Income/Expense, Net -$162.0K
YoY Change -19.8%
Pretax Income $3.773M $2.382M $2.410M
YoY Change 55.28% -1.15% 27.51%
Income Tax $109.3K $7.857K -$142.6K
% Of Pretax Income 2.9% 0.33% -5.92%
Net Earnings $3.664M $2.374M $2.551M
YoY Change 48.39% -6.92% 18.21%
Net Earnings / Revenue 33.29% 25.07% 31.43%
Basic Earnings Per Share $0.05 $0.10
Diluted Earnings Per Share $146.9K $0.05 $0.10
COMMON SHARES
Basic Shares Outstanding 24.95M shares 24.94M shares 24.94M shares
Diluted Shares Outstanding 24.95M shares 24.94M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.75M $44.08M $9.700M
YoY Change 29.38% 354.44% -5.83%
Cash & Equivalents $14.75M $44.08M $9.720M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $41.13M $96.05M $21.20M
YoY Change 206.92% 353.08% 69.6%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.530M $148.1M $14.50M
YoY Change -93.91% 921.15% -82.12%
Total Long-Term Assets $1.008B $954.0M $616.6M
YoY Change 65.73% 54.71% -4.38%
TOTAL ASSETS
Total Short-Term Assets $41.13M $96.05M $21.20M
Total Long-Term Assets $1.008B $954.0M $616.6M
Total Assets $1.049B $1.050B $637.8M
YoY Change 68.78% 64.62% -2.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $147.8K $2.382M $500.0K
YoY Change -50.73% 376.31% 400.0%
Accrued Expenses $704.1K $649.1K $400.0K
YoY Change 76.02% 62.26% -50.0%
Deferred Revenue
YoY Change
Short-Term Debt $826.8M $826.1M $479.7M
YoY Change 78.53% 72.22% -5.09%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $832.7M $834.1M $483.8M
YoY Change 77.85% 72.4% -4.91%
LONG-TERM LIABILITIES
Long-Term Debt $46.85M $46.81M $39.50M
YoY Change 18.3% 18.49% 0.51%
Other Long-Term Liabilities $100.0K $2.400M $500.0K
YoY Change -66.67% 380.0% 400.0%
Total Long-Term Liabilities $46.85M $46.81M $39.50M
YoY Change 18.3% 18.49% 0.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $832.7M $834.1M $483.8M
Total Long-Term Liabilities $46.85M $46.81M $39.50M
Total Liabilities $879.5M $880.9M $523.3M
YoY Change 73.21% 68.31% -4.52%
SHAREHOLDERS EQUITY
Retained Earnings $21.39M $17.72M $8.392M
YoY Change 96.94% 111.2% 606.37%
Common Stock $249.4K $249.4K $249.4K
YoY Change 0.02% 0.02% 5.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $169.3M $169.1M $114.4M
YoY Change
Total Liabilities & Shareholders Equity $1.049B $1.050B $637.8M
YoY Change 68.78% 64.62% -2.97%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $3.664M $2.374M $2.551M
YoY Change 48.39% -6.92% 18.21%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $1.922M $4.864M $3.470M
YoY Change -46.62% 40.17% 22.61%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$172.3M -$160.9M $25.52M
YoY Change -383.59% -730.68% -36.6%
Cash From Investing Activities -$172.3M -$160.9M $25.52M
YoY Change -383.59% -730.68% -36.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.453M 3.394M -21.00M
YoY Change -82.06% -116.16% 1086.44%
NET CHANGE
Cash From Operating Activities 1.922M 4.864M 3.470M
Cash From Investing Activities -172.3M -160.9M 25.52M
Cash From Financing Activities -3.453M 3.394M -21.00M
Net Change In Cash -173.9M -152.7M 7.990M
YoY Change -485.34% -2011.03% -80.66%
FREE CASH FLOW
Cash From Operating Activities $1.922M $4.864M $3.470M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
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CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
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us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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us-gaap Common Stock Dividends Per Share Declared
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q1 us-gaap Stock Issued During Period Value New Issues
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CY2021Q1 oaks Cost Of Issuing Of Common Stock Values
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CY2021Q1 oaks Preferred Stock Issued During Period Value New Issues
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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2885 USD
CY2021Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Dividends Common Stock
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CY2021Q1 us-gaap Dividends Preferred Stock
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q2 us-gaap Stock Issued During Period Value New Issues
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CY2021Q2 oaks Cost Of Issuing Of Common Stock Values
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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CY2021Q2 us-gaap Net Income Loss
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CY2021Q2 us-gaap Dividends Common Stock
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CY2021Q2 us-gaap Dividends Preferred Stock
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q3 us-gaap Stock Issued During Period Value New Issues
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CY2021Q3 us-gaap Net Income Loss
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CY2021Q3 us-gaap Dividends Common Stock
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2245310 USD
CY2021Q3 us-gaap Dividends Preferred Stock
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CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2020Q1 us-gaap Stock Issued During Period Value New Issues
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CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
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CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
1551671 USD
CY2020Q1 us-gaap Dividends Common Stock
DividendsCommonStock
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CY2020Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
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CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q2 us-gaap Stock Issued During Period Value New Issues
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CY2020Q2 oaks Cost Of Issuing Of Common Stock Values
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CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
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CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
1878703 USD
CY2020Q2 us-gaap Dividends Common Stock
DividendsCommonStock
1870754 USD
CY2020Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2020Q3 us-gaap Stock Issued During Period Value New Issues
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CY2020Q3 oaks Cost Of Issuing Of Common Stock Values
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CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
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CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
2551010 USD
CY2020Q3 us-gaap Dividends Common Stock
DividendsCommonStock
2120188 USD
CY2020Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
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CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
5981384 USD
oaks Accretion Of Discounts On Held For Investment Loans
AccretionOfDiscountsOnHeldForInvestmentLoans
24773 USD
oaks Accretion Of Discounts On Held For Investment Loans
AccretionOfDiscountsOnHeldForInvestmentLoans
0 USD
oaks Amortization Of Premiums On Held For Investment Loans
AmortizationOfPremiumsOnHeldForInvestmentLoans
361227 USD
oaks Amortization Of Premiums On Held For Investment Loans
AmortizationOfPremiumsOnHeldForInvestmentLoans
0 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-207767 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-872869 USD
oaks Amortization Of Offering Costs
AmortizationOfOfferingCosts
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oaks Amortization Of Offering Costs
AmortizationOfOfferingCosts
-40000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1260660 USD
us-gaap Amortization Of Financing Costs
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771017 USD
us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
oaks Unrealized Gain Loss On Mortgage Service Rights
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-300666 USD
oaks Unrealized Gain Loss On Mortgage Service Rights
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us-gaap Restricted Stock Expense
RestrictedStockExpense
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us-gaap Restricted Stock Expense
RestrictedStockExpense
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us-gaap Increase Decrease In Accrued Interest Receivable Net
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1067059 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-61860 USD
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
0 USD
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
-40000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
371732 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
453092 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
216110 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-393517 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
472199 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
123596 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
2043121 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
39675 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11925131 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8624187 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
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us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
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us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
391394015 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
88907741 USD
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
48890010 USD
us-gaap Payments For Proceeds From Investments
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oaks Proceeds From Due To Affiliate
ProceedsFromDueToAffiliate
0 USD
oaks Proceeds From Due To Affiliate
ProceedsFromDueToAffiliate
71727 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-304955386 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
27151602 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
57258435 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
oaks Proceeds From Collateralized Loan Obligations
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833750000 USD
oaks Proceeds From Collateralized Loan Obligations
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us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
7500000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
oaks Payment Of Collateralized Loan Obligations
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465316126 USD
oaks Payment Of Collateralized Loan Obligations
PaymentOfCollateralizedLoanObligations
27740358 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
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us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
7732853 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
5518082 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
926249 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
7500 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
415801466 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-27518565 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
122771211 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8257224 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69375356 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16011830 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
192146567 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24269054 USD
us-gaap Interest Paid Net
InterestPaidNet
8996957 USD
us-gaap Interest Paid Net
InterestPaidNet
10747082 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
180898 USD
oaks Dividends Declared Not Yet Paid
DividendsDeclaredNotYetPaid
3443476 USD
oaks Dividends Declared Not Yet Paid
DividendsDeclaredNotYetPaid
2123980 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">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. As of September 30, 2021, the novel coronavirus, or COVID-19, pandemic is ongoing. During 2020, the COVID-19 pandemic created disruption in global supply chains, increased rates of unemployment and adversely impacted many industries, including industries related to the collateral underlying certain of our loans. In 2021, the global economy has, with certain setbacks, begun reopening and wider distribution of vaccines will likely encourage greater economic activity. Nonetheless, the recovery could remain uneven, particularly given uncertainty with respect to the distribution and acceptance of the vaccines and their effectiveness with respect to new variants of the virus, including the Delta variant which is believed to be more contagious than previous variants of the virus. We believe the estimates and assumptions underlying our consolidated financial statements are reasonable and supportable based on the information available as of September 30, 2021, however uncertainty over the ultimate impact of COVID-19 on the global economy generally, and our business in particular, makes any estimates and assumptions as of September 30, 2021 inherently less certain than they would be absent the current and potential impacts of COVID-19. Actual results could differ from our estimates and the differences may be material.</span></div>
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
44080327 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11375960 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
192146567 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69375356 USD
CY2021Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
0 USD
CY2021Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
0 USD
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0 USD
CY2021Q3 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
1389597 USD
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24947883 shares
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24947883 shares
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24947883 shares
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24943383 shares
CY2015Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000 USD
CY2021Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
2400000 shares
CY2021Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2400000 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q2 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.07875
CY2021Q3 oaks One Month Libor Rate
OneMonthLIBORRate
0.0008 USD
CY2020Q4 oaks One Month Libor Rate
OneMonthLIBORRate
0.0014 USD
CY2021Q3 oaks Weighted Average Libor Floor Rate
WeightedAverageLIBORFloorRate
0.0083 USD
CY2020Q4 oaks Weighted Average Libor Floor Rate
WeightedAverageLIBORFloorRate
0.0164 USD
CY2021Q3 oaks Average Risk Rate
AverageRiskRate
2.3
CY2020Q4 oaks Average Risk Rate
AverageRiskRate
3.1
CY2021Q2 oaks Number Of Newly Formed Subsidiaries
NumberOfNewlyFormedSubsidiaries
2 subsidiary
CY2021Q2 oaks Variable Interest Entity Qualitative And Quantitative Information Equity Interest
VariableInterestEntityQualitativeAndQuantitativeInformationEquityInterest
96250000 USD
CY2021Q2 oaks Proceeds From Issuance Of Debt Securities Allocated To Acquire Additional Loan Obligations
ProceedsFromIssuanceOfDebtSecuritiesAllocatedToAcquireAdditionalLoanObligations
330300000 USD
CY2021Q2 oaks Period To Acquire Additional Loan Obligations From Closing Date
PeriodToAcquireAdditionalLoanObligationsFromClosingDate
P180D
CY2021Q2 oaks Collateralized Loan Obligation Leverage Ratio
CollateralizedLoanObligationLeverageRatio
0.83
CY2019Q1 oaks Collateralized Loan Obligation Unamortized Discount
CollateralizedLoanObligationUnamortizedDiscount
39200000 USD
CY2021Q3 oaks Collateralized Loan Obligation Deferred Financing Costs
CollateralizedLoanObligationDeferredFinancingCosts
944588 USD
CY2020Q4 oaks Collateralized Loan Obligation Deferred Financing Costs
CollateralizedLoanObligationDeferredFinancingCosts
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CY2021Q3 us-gaap Secured Debt
SecuredDebt
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CY2021Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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47750000 USD
CY2020Q4 us-gaap Secured Debt
SecuredDebt
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CY2020Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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40250000 USD
CY2021Q3 us-gaap Secured Debt
SecuredDebt
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CY2021Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
47750000 USD
CY2020Q4 us-gaap Secured Debt
SecuredDebt
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CY2020Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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40250000 USD
CY2021Q3 oaks Number Of Licensed Sub Servicers
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2 numberOfMortgageSub-servicers
CY2021Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
619012 USD
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
919678 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11375960 USD
CY2019 oaks Management Fee Percentage
ManagementFeePercentage
0.015
CY2019 oaks Quarterly Management Fee Percentage
QuarterlyManagementFeePercentage
0.00375
CY2021Q3 us-gaap Management Fee Expense
ManagementFeeExpense
807967 USD
CY2020Q3 us-gaap Management Fee Expense
ManagementFeeExpense
588530 USD
CY2021Q3 us-gaap Management Fee Payable
ManagementFeePayable
811000 USD
CY2020Q3 us-gaap Management Fee Payable
ManagementFeePayable
588000 USD
us-gaap Management Fee Expense
ManagementFeeExpense
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us-gaap Management Fee Expense
ManagementFeeExpense
1763562 USD
CY2021Q3 us-gaap Management Fee Payable
ManagementFeePayable
811000 USD
CY2020Q3 us-gaap Management Fee Payable
ManagementFeePayable
588000 USD
CY2021Q3 oaks Incentive Fees
IncentiveFees
0 USD
CY2020Q3 oaks Incentive Fees
IncentiveFees
86577 USD
CY2020Q3 oaks Incentive Fees Payable
IncentiveFeesPayable
86577 USD
oaks Incentive Fees
IncentiveFees
132231 USD
oaks Incentive Fees
IncentiveFees
86577 USD
CY2021Q3 oaks Incentive Fees Payable
IncentiveFeesPayable
132231 USD
CY2020Q3 oaks Incentive Fees Payable
IncentiveFeesPayable
86577 USD
CY2021Q3 oaks Reimbursable Operating Expense
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511117 USD
CY2020Q3 oaks Reimbursable Operating Expense
ReimbursableOperatingExpense
441349 USD
CY2021Q3 oaks Reimbursable Costs Payable
ReimbursableCostsPayable
512730 USD
CY2020Q3 oaks Reimbursable Costs Payable
ReimbursableCostsPayable
441000 USD
CY2021Q3 oaks Exit Fee Waived Percentage Reduced
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0.50
CY2021Q3 oaks Reimbursable Operating Expense Waived
ReimbursableOperatingExpenseWaived
95270 USD
CY2020Q3 oaks Reimbursable Operating Expense Waived
ReimbursableOperatingExpenseWaived
0 USD
oaks Reimbursable Operating Expense
ReimbursableOperatingExpense
1320170 USD
oaks Reimbursable Operating Expense
ReimbursableOperatingExpense
1249123 USD
CY2021Q3 oaks Reimbursable Costs Payable
ReimbursableCostsPayable
512730 USD
CY2020Q3 oaks Reimbursable Costs Payable
ReimbursableCostsPayable
441000 USD
CY2021Q3 oaks Exit Fee Waived Percentage Reduced
ExitFeeWaivedPercentageReduced
0.50
oaks Reimbursable Operating Expense Waived
ReimbursableOperatingExpenseWaived
271229 USD
oaks Reimbursable Operating Expense Waived
ReimbursableOperatingExpenseWaived
73549 USD
CY2021Q2 oaks Number Of Participation Interests Funded
NumberOfParticipationInterestsFunded
18 contract
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24947883 shares
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24947883 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24943383 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24943383 shares
CY2015Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000 USD
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
11292 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
2374468 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
2551010 USD
CY2021Q3 us-gaap Dividends Common Stock
DividendsCommonStock
2245310 USD
CY2020Q3 us-gaap Dividends Common Stock
DividendsCommonStock
2120188 USD
CY2021Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1198166 USD
CY2020Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3792 USD
CY2021Q3 us-gaap Dividends
Dividends
3443476 USD
CY2020Q3 us-gaap Dividends
Dividends
2123980 USD
CY2021Q3 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
-1069008 USD
CY2020Q3 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
427030 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24943383 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24938883 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4500 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4500 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24947883 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24943383 shares
us-gaap Net Income Loss
NetIncomeLoss
6863353 USD
us-gaap Net Income Loss
NetIncomeLoss
5981384 USD
us-gaap Dividends Common Stock
DividendsCommonStock
6735523 USD
us-gaap Dividends Common Stock
DividendsCommonStock
5861358 USD
us-gaap Dividends Preferred Stock
DividendsPreferredStock
1927542 USD
us-gaap Dividends Preferred Stock
DividendsPreferredStock
11292 USD
us-gaap Dividends
Dividends
8663065 USD
us-gaap Dividends
Dividends
5872650 USD
us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
-1799712 USD
us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
108734 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24940630 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24940630 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24927122 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24927122 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4500 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4500 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4402 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4402 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24945130 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24945130 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24931524 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24931524 shares

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