2020 Q4 Form 10-K Financial Statement

#000110465921044384 Filed on March 31, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019
Revenue $5.673M $2.922M $12.68M
YoY Change 94.11% -0.4% 8.26%
Cost Of Revenue $2.002M $1.358M $3.073M
YoY Change 47.42% 136.64% 78.64%
Gross Profit $3.671M $1.564M $9.538M
YoY Change 134.63% -33.72% -2.83%
Gross Profit Margin 64.71% 53.53% 75.22%
Selling, General & Admin $957.3K $557.9K $2.556M
YoY Change 71.6% -15.41% 20.48%
% of Gross Profit 26.08% 35.66% 26.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.55K $19.28K $63.57K
YoY Change -19.35% 57.65% 95.41%
% of Gross Profit 0.42% 1.23% 0.67%
Operating Expenses $1.021M $590.2K $2.550M
YoY Change 72.94% -12.99% 24.27%
Operating Profit $2.650M $974.2K $6.988M
YoY Change 172.01% -42.08% -10.0%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.350M $941.6K $6.196M
YoY Change 149.58% -42.49% -20.28%
Income Tax
% Of Pretax Income
Net Earnings $2.350M $941.6K $6.196M
YoY Change 149.58% -42.49% -20.28%
Net Earnings / Revenue 41.43% 32.22% 48.86%
Basic Earnings Per Share $0.32
Diluted Earnings Per Share $106.2K $37.98K $0.32
COMMON SHARES
Basic Shares Outstanding 22.12M 19.42M
Diluted Shares Outstanding 19.42M

Balance Sheet

Concept 2020 Q4 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.41M $18.84M $18.84M
YoY Change 3.0% 18872.85% 18872.85%
Cash & Equivalents $19.41M $18.84M
Short-Term Investments
Other Short-Term Assets $71.31K $24.73K $24.73K
YoY Change 188.35% 66.31% 66.31%
Inventory
Prepaid Expenses
Receivables $1.820M $1.512M $1.512M
Other Receivables $2.093M $840.9K $840.9K
Total Short-Term Assets $23.39M $21.22M $21.22M
YoY Change 10.24% 798.6% 798.6%
LONG-TERM ASSETS
Property, Plant & Equipment $1.433M $1.346M $9.604M
YoY Change 6.46% 14.09% 132.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $37.29M $15.95M $15.95M
YoY Change 133.82%
Other Assets $72.81K $16.60K $16.60K
YoY Change 338.61% -97.35% -97.35%
Total Long-Term Assets $203.3M $120.0M $120.0M
YoY Change 69.41% 43.44% 43.44%
TOTAL ASSETS
Total Short-Term Assets $23.39M $21.22M $21.22M
Total Long-Term Assets $203.3M $120.0M $120.0M
Total Assets $226.7M $141.2M $141.2M
YoY Change 60.52% 64.17% 64.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $400.0K $249.9K $249.9K
YoY Change 60.08% -16.71% -21.03%
Accrued Expenses $3.340K $3.420K $3.420K
YoY Change -2.34% -99.31% -98.06%
Deferred Revenue
YoY Change
Short-Term Debt $28.06M $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $32.56M $1.109M $1.109M
YoY Change 2834.81% -96.52% -96.52%
LONG-TERM LIABILITIES
Long-Term Debt $110.7M $56.34M $56.34M
YoY Change 96.54% 19260.55% 19260.55%
Other Long-Term Liabilities $2.099M $1.206M $1.206M
YoY Change 74.11% 13.92% 13.92%
Total Long-Term Liabilities $112.8M $57.54M $57.54M
YoY Change 96.07% 4164.23% 4164.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.56M $1.109M $1.109M
Total Long-Term Liabilities $112.8M $57.54M $57.54M
Total Liabilities $145.8M $58.65M $58.65M
YoY Change 148.51% 76.6% 76.6%
SHAREHOLDERS EQUITY
Retained Earnings -$2.891M -$1.267M
YoY Change 128.22% 212.4%
Common Stock $22.13K $22.12K
YoY Change 0.04% 43.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $80.92M $82.56M $82.56M
YoY Change
Total Liabilities & Shareholders Equity $226.7M $141.2M $141.2M
YoY Change 60.52% 64.17% 64.17%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019
OPERATING ACTIVITIES
Net Income $2.350M $941.6K $6.196M
YoY Change 149.58% -42.49% -20.28%
Depreciation, Depletion And Amortization $15.55K $19.28K $63.57K
YoY Change -19.35% 57.65% 95.41%
Cash From Operating Activities $2.238M $802.5K $8.116M
YoY Change 178.93% -67.25% 30.56%
INVESTING ACTIVITIES
Capital Expenditures -$258.2K -$869.0K $241.9K
YoY Change -70.29% 6.47% 1987.3%
Acquisitions
YoY Change
Other Investing Activities -$41.20M -$22.42M -$36.31M
YoY Change 83.75% -34802.31% 133.0%
Cash From Investing Activities -$41.46M -$23.29M -$37.82M
YoY Change 78.0% 2999.45% 124.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $30.54M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 53.25M 30.33M 48.38M
YoY Change 75.57% -1555.24% 392.52%
NET CHANGE
Cash From Operating Activities 2.238M 802.5K 8.116M
Cash From Investing Activities -41.46M -23.29M -37.82M
Cash From Financing Activities 53.25M 30.33M 48.38M
Net Change In Cash 14.02M 7.837M 18.68M
YoY Change 78.95% -2135.32% -2449.0%
FREE CASH FLOW
Cash From Operating Activities $2.238M $802.5K $8.116M
Capital Expenditures -$258.2K -$869.0K $241.9K
Free Cash Flow $2.497M $1.671M $7.874M
YoY Change 49.36% -48.83% 26.91%

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CY2020 us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
982271
CY2019 us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
530944
CY2020 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
633947
CY2019 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
1919946
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9627812
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8115957
CY2020 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
97555422
CY2019 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
16000680
CY2020 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
77139664
CY2019 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0
CY2020 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
1816522
CY2019 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
1087004
CY2020 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
1811980
CY2019 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
1266949
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
148857
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
241855
CY2020 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
-5616
CY2019 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
0
CY2020 sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
117230923
CY2019 sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
64742552
CY2020 sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
54961570
CY2019 sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
43347362
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-82823810
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-37817670
CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
30055648
CY2019 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
42720829
CY2020 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2000000
CY2019 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
69939952
CY2019 sach Proceeds From Notes Sold To Shareholder
ProceedsFromNotesSoldToShareholder
1017000
CY2019 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
2217000
CY2020 us-gaap Payments For Proceeds From Mortgage Deposits
PaymentsForProceedsFromMortgageDeposits
16573
CY2019 us-gaap Payments For Proceeds From Mortgage Deposits
PaymentsForProceedsFromMortgageDeposits
0
CY2020 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
20751
CY2019 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0
CY2020 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
7963128
CY2019 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
9681823
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
114559
CY2019 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2872774
CY2020 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
257845
CY2019 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
0
CY2019 sach Proceeds From Mortgage Payable
ProceedsFromMortgagePayable
795000
CY2019 sach Repayment Of Mortgage Payable
RepaymentOfMortgagePayable
301903
CY2019 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
75434
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
30544945
CY2019 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
82035
CY2020 sach Proceeds From Issuance Of Fixed Rate Notes
ProceedsFromIssuanceOfFixedRateNotes
56083750
CY2019 sach Proceeds From Issuance Of Fixed Rate Notes
ProceedsFromIssuanceOfFixedRateNotes
58163000
CY2020 sach Financing Costs Incurred In Connection With Fixed Rate Notes
FinancingCostsIncurredInConnectionWithFixedRateNotes
2520143
CY2019 sach Financing Costs Incurred In Connection With Fixed Rate Notes
FinancingCostsIncurredInConnectionWithFixedRateNotes
0
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
73762089
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
48384791
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
566091
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
18683078
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18841937
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
158859
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19408028
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18841937
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2020 us-gaap Interest Paid Net
InterestPaidNet
4945448
CY2019 us-gaap Interest Paid Net
InterestPaidNet
2237240
CY2020 sach Original Issue Discount
OriginalIssueDiscount
280000
CY2019 sach Original Issue Discount
OriginalIssueDiscount
0
CY2020 sach Dividends Declared And Payable
DividendsDeclaredAndPayable
2654976
CY2019 sach Dividends Declared And Payable
DividendsDeclaredAndPayable
0
CY2019Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
5406477
CY2019 sach Reclassification Of Notes Receivable To Mortgage Receivable
ReclassificationOfNotesReceivableToMortgageReceivable
879457
CY2019Q4 sach Remaining Balance Of Mortgages Receivable
RemainingBalanceOfMortgagesReceivable
0
CY2020Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
1553103
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><span style="font-style:normal;">The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Management will base the use of estimates on (a) various assumptions that consider its experience, (b) the Company’s projections regarding future operations and (c) general financial market and local and general economic conditions. Actual amounts could differ from those estimates.</span></p>
CY2019Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
35000000
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
25125
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2020Q4 sach Stocks And Exchange Traded Funds Fair Value Disclosure
StocksAndExchangeTradedFundsFairValueDisclosure
6722795
CY2020Q4 sach Mutual Funds Fair Value Disclosure
MutualFundsFairValueDisclosure
30570908
CY2020Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
37293703
CY2020Q4 sach Real Estate Owned Fair Value Disclosure
RealEstateOwnedFairValueDisclosure
8861609
CY2019Q4 sach Certificates Of Deposit Fair Value Disclosure
CertificatesOfDepositFairValueDisclosure
2999738
CY2019Q4 sach Stocks And Exchange Traded Funds Fair Value Disclosure
StocksAndExchangeTradedFundsFairValueDisclosure
2990008
CY2019Q4 sach Mutual Funds Fair Value Disclosure
MutualFundsFairValueDisclosure
12959794
CY2019Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
15949802
CY2019Q4 sach Real Estate Owned Fair Value Disclosure
RealEstateOwnedFairValueDisclosure
8258082
CY2020 sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
54961570
CY2019 sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
43347362
CY2020 sach Mortgage Loans On Real Estate Default Interest Rate
MortgageLoansOnRealEstateDefaultInterestRate
0.18
CY2019Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
94348689
CY2020Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
155616300
CY2020Q4 sach Maturities Of Mortgage Receivable Year One
MaturitiesOfMortgageReceivableYearOne
112313184
CY2020Q4 sach Maturities Of Mortgage Receivable Year Two
MaturitiesOfMortgageReceivableYearTwo
33433297
CY2020Q4 sach Maturities Of Mortgage Receivable Year Three
MaturitiesOfMortgageReceivableYearThree
9598788
CY2020Q4 sach Maturities Of Mortgage Receivable Year Four
MaturitiesOfMortgageReceivableYearFour
271031
CY2020Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
155616300
CY2020 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
495
CY2020 sach Mortgage Loans In Process Of Foreclosure
MortgageLoansInProcessOfForeclosure
16
CY2019 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
438
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
8861609
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
8258082
CY2020 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
795000
CY2019 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
417094
CY2020Q4 us-gaap Rental Properties
RentalProperties
1393398
CY2020Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
7468211
CY2019Q4 us-gaap Rental Properties
RentalProperties
558672
CY2019Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
7699410
CY2020 sach Gains Losses On Sales Of Investment On Real Estate
GainsLossesOnSalesOfInvestmentOnRealEstate
-7219
CY2019 sach Gains Losses On Sales Of Investment On Real Estate
GainsLossesOnSalesOfInvestmentOnRealEstate
-34919
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
20100
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
5025
CY2018Q2 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.03
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
47164
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
36771
CY2018Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0400
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
722580
CY2019 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
439446
CY2020 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.0175
CY2020Q4 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.015
CY2020Q4 us-gaap Line Of Credit
LineOfCredit
28055648
CY2020 sach Gross Proceeds From Sale Of Securities
GrossProceedsFromSaleOfSecurities
56100000
CY2019 sach Gross Proceeds From Sale Of Securities
GrossProceedsFromSaleOfSecurities
90300000
CY2019 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
82035
CY2019Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
16407
CY2019 sach Gross Proceeds From Issuance Of Common Stock
GrossProceedsFromIssuanceOfCommonStock
11500000
CY2019 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2300000
CY2019 sach Net Proceeds From Sale Of Securities
NetProceedsFromSaleOfSecurities
31500000
CY2020 sach Debt Instrument Number Of Series Of Unsecured Unsubordinated Loans
DebtInstrumentNumberOfSeriesOfUnsecuredUnsubordinatedLoans
3
CY2020 sach Threshold Percentage Of Taxable Income To Prohibit Distribution
ThresholdPercentageOfTaxableIncomeToProhibitDistribution
0.90
CY2020 sach Threshold Asset Coverage Ratio
ThresholdAssetCoverageRatio
1.50
CY2020 sach Period Of Written Notice To Redeem Notes Without Premium Or Penalty
PeriodOfWrittenNoticeToRedeemNotesWithoutPremiumOrPenalty
P30D
CY2020 sach Income On Borrower Charges
IncomeOnBorrowerCharges
290683
CY2019 sach Income On Borrower Charges
IncomeOnBorrowerCharges
218804
CY2020 sach Income From Lender Modification And Extension Fees
IncomeFromLenderModificationAndExtensionFees
672159
CY2019 sach Income From Lender Modification And Extension Fees
IncomeFromLenderModificationAndExtensionFees
451746
CY2020 sach Income On Inhouse Legal Fees
IncomeOnInhouseLegalFees
223440
CY2019 sach Income On Inhouse Legal Fees
IncomeOnInhouseLegalFees
153130
CY2020 sach Income And Other
IncomeAndOther
60248
CY2019 sach Income And Other
IncomeAndOther
3008
CY2020 us-gaap Other Income
OtherIncome
1246530
CY2019 us-gaap Other Income
OtherIncome
826688
CY2020 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
55639
CY2019 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
40070
CY2020 sach Employment Agreements Description
EmploymentAgreementsDescription
(i) the employment term is five years commencing February 9, 2017, with extensions for successive one-year periods unless either party provides written notice at least 180 days prior to the next anniversary date of its intention to not renew the agreement; (ii) a base salary of $260,000, which was increased in April 2018 to $360,000; (iii) incentive compensation in such amount as determined by the Compensation Committee of the Company’s Board of Directors; (iv) participation in the Company’s employee benefit plans; (v) full indemnification to the extent permitted by law; (v) a two-year non-competition period following the termination of employment without cause; and (vi) payments upon termination of employment or a change in control.
CY2018Q2 us-gaap Officers Compensation
OfficersCompensation
260000
CY2018Q2 us-gaap Officers Compensation
OfficersCompensation
360000
CY2020Q3 us-gaap Officers Compensation
OfficersCompensation
250000
CY2020 sach Number Of Mortgage Properties
NumberOfMortgageProperties
5
CY2020Q4 sach Amount Of Mortgage Receivable
AmountOfMortgageReceivable
276000
CY2020 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
37884
CY2020Q4 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
42067
CY2020Q2 sach Mortgage Loans Covid19 Forbearance Requests
MortgageLoansCovid19ForbearanceRequests
23
CY2020Q2 sach Mortgage Receivable For Forbearance Requests
MortgageReceivableForForbearanceRequests
6500000
CY2020Q2 sach Mortgage Loans Covid19 Forbearance Requests
MortgageLoansCovid19ForbearanceRequests
23
CY2020Q2 sach Deferred Interest For Forbearance Requests
DeferredInterestForForbearanceRequests
200000
CY2020Q4 sach Mortgage Loans Covid19 Forbearance Requests
MortgageLoansCovid19ForbearanceRequests
0
CY2020 sach Investment Of Covid19vaccine
InvestmentOfCovid19vaccine
100000000

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