$SACH
Sachem Capital Corp.

2023 Q2 Form 10-Q Financial Statement

#000141057823001166 Filed on May 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q4
Revenue $16.46M $14.71M $15.89M
YoY Change 31.35% 42.77% 63.32%
Cost Of Revenue $7.139M $6.873M $6.467M
YoY Change 36.7% 75.75% 123.51%
Gross Profit $9.319M $7.835M $9.419M
YoY Change 27.53% 22.79% 37.84%
Gross Profit Margin 56.62% 53.27% 59.29%
Selling, General & Admin $2.880M $2.677M $2.727M
YoY Change 57.04% 64.67% 49.77%
% of Gross Profit 30.9% 34.17% 28.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $69.37K $40.13K $39.88K
YoY Change 211.92% 80.46% 79.32%
% of Gross Profit 0.74% 0.51% 0.42%
Operating Expenses $3.188M $2.863M $2.952M
YoY Change 64.88% 68.11% 48.7%
Operating Profit $6.132M $4.972M $6.467M
YoY Change 14.09% 6.29% 33.39%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $212.8K $83.72K
YoY Change 63.63% -15.66%
Pretax Income $5.698M $5.120M $6.276M
YoY Change 9.0% 17.67% 46.44%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $5.698M $5.120M $5.354M
YoY Change 9.0% 17.67% 24.93%
Net Earnings / Revenue 34.62% 34.81% 33.7%
Basic Earnings Per Share $0.11 $0.10
Diluted Earnings Per Share $0.11 $0.10 $0.13
COMMON SHARES
Basic Shares Outstanding 43.89M 43.76M 40.80M
Diluted Shares Outstanding 43.84M 42.79M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.13M $20.85M $23.71M
YoY Change -48.06% -63.97% -43.46%
Cash & Equivalents $15.13M $20.33M $23.71M
Short-Term Investments $517.0K $531.0K
Other Short-Term Assets $567.5K $459.3K $477.0K
YoY Change 233.55% 100.5% 75.84%
Inventory
Prepaid Expenses
Receivables $7.736M $6.646M $6.310M
Other Receivables $10.77M $9.780M $8.797M
Total Short-Term Assets $33.89M $37.16M $39.23M
YoY Change -14.54% -43.89% -21.02%
LONG-TERM ASSETS
Property, Plant & Equipment $4.535M $4.792M $4.122M
YoY Change 54.08% 122.53% 89.75%
Goodwill $391.0K $391.0K $391.0K
YoY Change
Intangibles
YoY Change
Long-Term Investments $72.60M $71.16M $55.41M
YoY Change 34.45% 34.46% -16.92%
Other Assets $267.9K $297.3K $54.55K
YoY Change 489.92% 91.12% -79.37%
Total Long-Term Assets $590.1M $559.8M $526.4M
YoY Change 21.5% 34.73% 42.94%
TOTAL ASSETS
Total Short-Term Assets $33.89M $37.16M $39.23M
Total Long-Term Assets $590.1M $559.8M $526.4M
Total Assets $624.0M $597.0M $565.7M
YoY Change 18.78% 23.92% 35.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.632M $1.587M $1.110M
YoY Change 817.35% 209.69% 121.18%
Accrued Expenses $492.3K $418.6K $323.4K
YoY Change 5.6% 46.05% 96.33%
Deferred Revenue
YoY Change
Short-Term Debt $35.90M $13.67M $3.588M
YoY Change 53.38% -41.26% -89.19%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $50.61M $26.99M $20.26M
YoY Change 43.02% -33.69% -61.67%
LONG-TERM LIABILITIES
Long-Term Debt $339.6M $336.3M $323.3M
YoY Change 21.12% 42.05% 79.24%
Other Long-Term Liabilities $4.816M $4.681M $4.360M
YoY Change 4.06% -4.0% -6.1%
Total Long-Term Liabilities $344.4M $341.0M $327.7M
YoY Change 20.84% 41.12% 77.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $50.61M $26.99M $20.26M
Total Long-Term Liabilities $344.4M $341.0M $327.7M
Total Liabilities $395.0M $368.0M $348.0M
YoY Change 23.29% 30.33% 46.27%
SHAREHOLDERS EQUITY
Retained Earnings -$7.222M -$6.289M -$7.995M
YoY Change 302.45% 60.14%
Common Stock $43.82K $43.76K $41.09K
YoY Change 23.21% 25.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $229.0M $229.0M $217.7M
YoY Change
Total Liabilities & Shareholders Equity $624.0M $597.0M $565.7M
YoY Change 18.78% 23.92% 35.34%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income $5.698M $5.120M $5.354M
YoY Change 9.0% 17.67% 24.93%
Depreciation, Depletion And Amortization $69.37K $40.13K $39.88K
YoY Change 211.92% 80.46% 79.32%
Cash From Operating Activities $7.076M $5.009M $742.7K
YoY Change -3263.74% -33.7% -93.06%
INVESTING ACTIVITIES
Capital Expenditures $88.61K $710.9K $314.5K
YoY Change -113.54% 19333.65% -134.38%
Acquisitions
YoY Change
Other Investing Activities -$31.12M -$33.14M -$7.997M
YoY Change -56.46% -31.33% -90.06%
Cash From Investing Activities -$31.20M -$33.96M -$8.311M
YoY Change -56.74% -29.91% -89.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 18.92M 25.57M -4.183M
YoY Change -56.61% -55.0% -104.48%
NET CHANGE
Cash From Operating Activities 7.076M 5.009M 742.7K
Cash From Investing Activities -31.20M -33.96M -8.311M
Cash From Financing Activities 18.92M 25.57M -4.183M
Net Change In Cash -5.204M -3.381M -11.75M
YoY Change -81.89% -121.23% -151.78%
FREE CASH FLOW
Cash From Operating Activities $7.076M $5.009M $742.7K
Capital Expenditures $88.61K $710.9K $314.5K
Free Cash Flow $6.987M $4.299M $428.2K
YoY Change 1522.57% -43.08% -96.31%

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CY2023Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-9955
CY2022Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-42220
CY2023Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
95221
CY2022Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
121913
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-84738
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
10720
CY2023Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
320608
CY2022Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
232794
CY2023Q1 us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
1422458
CY2022Q1 us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
1563852
CY2023Q1 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-110831
CY2022Q1 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
3203657
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5009391
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7555123
CY2023Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
13971218
CY2022Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
27545183
CY2023Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
3780522
CY2022Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
51705055
CY2023Q1 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
4491054
CY2022Q1 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
11358017
CY2023Q1 us-gaap Payments For Proceeds From Real Estate Heldforinvestment
PaymentsForProceedsFromRealEstateHeldforinvestment
-515136
CY2022Q1 us-gaap Payments For Proceeds From Real Estate Heldforinvestment
PaymentsForProceedsFromRealEstateHeldforinvestment
-622737
CY2023Q1 sach Payments To Acquire Real Estate Held For Investments
PaymentsToAcquireRealEstateHeldForInvestments
103136
CY2022Q1 sach Payments To Acquire Real Estate Held For Investments
PaymentsToAcquireRealEstateHeldForInvestments
177336
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
710883
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3658
CY2023Q1 sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
58883818
CY2022Q1 sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
88735230
CY2023Q1 sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
39884300
CY2022Q1 sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
27106768
CY2023Q1 sach Other Assets Pre Offering Costs
OtherAssetsPreOfferingCosts
-25111
CY2022Q1 sach Other Assets Pre Offering Costs
OtherAssetsPreOfferingCosts
57768
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-33955040
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-48442632
CY2023Q1 sach Proceeds From Lines Of Credits
ProceedsFromLinesOfCredits
10086036
CY2022Q1 sach Proceeds From Lines Of Credits
ProceedsFromLinesOfCredits
-9898667
CY2023Q1 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
11522349
CY2022Q1 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
7857960
CY2023Q1 us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
910000
CY2023Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
4252
CY2022Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
6627
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
5342160
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3927600
CY2023Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
924762
CY2022Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
921766
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9181158
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15547815
CY2023Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
136699
CY2022Q4 sach Real Estate Owned Fair Value Disclosure
RealEstateOwnedFairValueDisclosure
5216149
CY2022Q1 sach Proceeds From Issuance Of Fixed Rate Notes
ProceedsFromIssuanceOfFixedRateNotes
50000000
CY2022Q1 sach Financing Costs Incurred In Connection With Fixed Rate Notes
FinancingCostsIncurredInConnectionWithFixedRateNotes
1839034
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
25565068
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
56812081
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3380581
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
15924572
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23713097
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41938897
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20332516
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57863469
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
6191398
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
3307225
CY2023Q1 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
1186663
CY2023Q1 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;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with GAAP 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 bases its estimates on (a) various assumptions that are based on experience, (b) projections regarding future operations and (c) general financial market and local and general economic conditions. Actual amounts could materially differ from those estimates.</p>
CY2022Q4 sach Mutual Funds Fair Value Disclosure
MutualFundsFairValueDisclosure
14850839
CY2022Q4 us-gaap Debt Securities
DebtSecurities
4996899
CY2022Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
24576462
CY2023Q1 sach Loan Pre Foreclosure Amount
LoanPreForeclosureAmount
40600000
CY2022Q4 sach Loan Pre Foreclosure Amount
LoanPreForeclosureAmount
24000000.0
CY2023Q1 sach Loan Pre Foreclosure Amount On Allowance For Credit Loss
LoanPreForeclosureAmountOnAllowanceForCreditLoss
0
CY2022Q4 sach Loan Pre Foreclosure Amount On Allowance For Credit Loss
LoanPreForeclosureAmountOnAllowanceForCreditLoss
0
CY2023Q1 sach Interest For Allowances Of Credit Losses
InterestForAllowancesOfCreditLosses
30100
CY2023Q1 sach Fees Receivables On Credit Losses
FeesReceivablesOnCreditLosses
26100
CY2023Q1 sach Increase In Interest For Allowances Of Credit Losses
IncreaseInInterestForAllowancesOfCreditLosses
4000
CY2023Q1 sach Increase In Interest For Allowances Of Credit Losses
IncreaseInInterestForAllowancesOfCreditLosses
4000
CY2023Q1 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
2400
CY2023Q1 sach Unfunded Commitments For Allowances Of Credit Losses
UnfundedCommitmentsForAllowancesOfCreditLosses
562000
CY2023Q1 sach Unfunded Commitments For Allowances Of Credit Losses
UnfundedCommitmentsForAllowancesOfCreditLosses
522000
CY2023Q1 sach Increase In Unfunded Commitments For Allowances Of Credit Losses
IncreaseInUnfundedCommitmentsForAllowancesOfCreditLosses
40000
CY2023Q1 sach Increase In Unfunded Commitments For Allowances Of Credit Losses
IncreaseInUnfundedCommitmentsForAllowancesOfCreditLosses
40000
CY2022Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2023Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2023Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Reclassifications</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Certain amounts included in the March 31, 2022 and December 31, 2022 consolidated financial statements have been reclassified to conform to the March 31, 2023 presentation.</p>
CY2023Q1 sach Stocks And Exchange Traded Funds Fair Value Disclosure
StocksAndExchangeTradedFundsFairValueDisclosure
1403680
CY2023Q1 sach Mutual Funds Fair Value Disclosure
MutualFundsFairValueDisclosure
15193680
CY2023Q1 us-gaap Debt Securities
DebtSecurities
19239842
CY2023Q1 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
35837202
CY2023Q1 sach Real Estate Owned Fair Value Disclosure
RealEstateOwnedFairValueDisclosure
6138912
CY2022Q4 sach Stocks And Exchange Traded Funds Fair Value Disclosure
StocksAndExchangeTradedFundsFairValueDisclosure
4728724
CY2023Q1 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
517000
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
531000
CY2022Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
561490
CY2021Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
476016
CY2023Q1 sach Unrealized Loss On Oci Debt Securities Available For Sale Unrealized Holding Gain Loss Aftert Ax
UnrealizedLossOnOciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAftertAx
91637
CY2022Q1 sach Unrealized Loss On Oci Debt Securities Available For Sale Unrealized Holding Gain Loss Aftert Ax
UnrealizedLossOnOciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAftertAx
242808
CY2023Q1 sach Change In Oci From Available For Sale Unrealized Holding Gain Loss After Tax
ChangeInOciFromAvailableForSaleUnrealizedHoldingGainLossAfterTax
-91637
CY2022Q1 sach Change In Oci From Available For Sale Unrealized Holding Gain Loss After Tax
ChangeInOciFromAvailableForSaleUnrealizedHoldingGainLossAfterTax
-242808
CY2023Q1 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
469853
CY2022Q1 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
233208
CY2023Q1 sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
58883818
CY2022Q1 sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
88735230
CY2023Q1 sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
39884300
CY2022Q1 sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
27106768
CY2023Q1 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
29919097
CY2023Q1 sach Mortgage Loans On Real Estate Default Interest Rate
MortgageLoansOnRealEstateDefaultInterestRate
0.18
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
105000
CY2023Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
56000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
2082000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
478551000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
100.00
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
460738000
CY2022Q4 sach Financing Receivable Percentage Of Portfolio
FinancingReceivablePercentageOfPortfolio
1.0000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
2082000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
105000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
476469000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
460633000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
478551000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
100.00
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
460738000
CY2022Q4 sach Financing Receivable Percentage Of Portfolio
FinancingReceivablePercentageOfPortfolio
1.0000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
2082000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
105000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
476469000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
460633000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
478551000
CY2023Q1 srt Financing Receivable Before Allowance For Credit Loss To Total Percent
FinancingReceivableBeforeAllowanceForCreditLossToTotalPercent
1.0000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
28669000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
199102000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
33028000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
29674000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
2082000
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
476469000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
460738000
CY2022Q4 srt Financing Receivable Before Allowance For Credit Loss To Total Percent
FinancingReceivableBeforeAllowanceForCreditLossToTotalPercent
1.0000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
206845000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
184413000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
37540000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
16378000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
16562000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
105000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
460633000
CY2023Q1 us-gaap Financing Receivable Before Allowance For Credit Loss Maturity Year One
FinancingReceivableBeforeAllowanceForCreditLossMaturityYearOne
300437227
CY2022Q4 us-gaap Financing Receivable Before Allowance For Credit Loss Maturity Year One
FinancingReceivableBeforeAllowanceForCreditLossMaturityYearOne
372964665
CY2023Q1 sach Financing Receivable Before Allowance For Credit Loss Maturity Year Two
FinancingReceivableBeforeAllowanceForCreditLossMaturityYearTwo
163582069
CY2022Q4 sach Financing Receivable Before Allowance For Credit Loss Maturity Year Two
FinancingReceivableBeforeAllowanceForCreditLossMaturityYearTwo
85968294
CY2023Q1 sach Financing Receivable Before Allowance For Credit Loss Maturity Year Three
FinancingReceivableBeforeAllowanceForCreditLossMaturityYearThree
14428471
CY2022Q4 sach Financing Receivable Before Allowance For Credit Loss Maturity Year Three
FinancingReceivableBeforeAllowanceForCreditLossMaturityYearThree
1699500
CY2023Q1 sach Financing Receivable Before Allowance For Credit Loss Maturity After Year Five
FinancingReceivableBeforeAllowanceForCreditLossMaturityAfterYearFive
103356
CY2022Q4 sach Financing Receivable Before Allowance For Credit Loss Maturity After Year Five
FinancingReceivableBeforeAllowanceForCreditLossMaturityAfterYearFive
105809
CY2023Q1 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
478551123
CY2022Q4 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
460738268
CY2023Q1 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
2081659
CY2022Q4 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
105000
CY2023Q1 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
476469464
CY2022Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
460633268
CY2023Q1 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
406
CY2023Q1 sach Mortgage Loans Number Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansNumberOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
128
CY2023Q1 sach Mortgage Loans Percentage Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansPercentageOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
0.315
CY2023Q1 sach Mortgage Loans Amount Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansAmountOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
81400000
CY2023Q1 sach Mortgage Loans Number Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansNumberOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
128
CY2023Q1 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
406
CY2023Q1 sach Mortgage Loans In Process Of Foreclosure Number
MortgageLoansInProcessOfForeclosureNumber
52
CY2023Q1 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
40600000
CY2022 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
444
CY2022Q4 sach Mortgage Loans Number Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansNumberOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
105
CY2022 sach Mortgage Loans Percentage Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansPercentageOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
0.236
CY2022Q4 sach Mortgage Loans Amount Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansAmountOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
61700000
CY2022 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
444
CY2022Q4 sach Mortgage Loans In Process Of Foreclosure Number
MortgageLoansInProcessOfForeclosureNumber
40
CY2022Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
24000000.0
CY2023Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6138912
CY2022Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6312818
CY2023Q1 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
0
CY2022Q4 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
0
CY2023Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0
CY2022Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
155500
CY2023Q1 us-gaap Rental Properties
RentalProperties
813090
CY2023Q1 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
5325822
CY2022Q1 us-gaap Rental Properties
RentalProperties
799533
CY2022Q1 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
5513285
CY2023Q1 sach Gain Loss On Sale Of Real Estate Properties
GainLossOnSaleOfRealEstateProperties
-148100
CY2022Q1 sach Gain Loss On Sale Of Real Estate Properties
GainLossOnSaleOfRealEstateProperties
65838
CY2023Q1 sach Number Of Real Estate Properties Held For Rental
NumberOfRealEstatePropertiesHeldForRental
1
CY2023Q1 sach Real Estate Lease Term
RealEstateLeaseTerm
P5Y
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
53200
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
53200
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
53200
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
31033
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
190633
CY2023Q1 us-gaap Other Notes Payable
OtherNotesPayable
1762
CY2022Q4 us-gaap Other Notes Payable
OtherNotesPayable
6014
CY2023Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
418637
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
323416
CY2023Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
2007450
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
1439219
CY2023Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
400418
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
410373
CY2023Q1 us-gaap Other Receivables
OtherReceivables
3741984
CY2022Q4 us-gaap Other Receivables
OtherReceivables
3519804
CY2023Q1 us-gaap Other Assets Current
OtherAssetsCurrent
459291
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
477048
CY2023Q1 us-gaap Goodwill
Goodwill
391000
CY2022Q4 us-gaap Goodwill
Goodwill
391000
CY2023Q1 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
130400
CY2022Q4 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
130400
CY2023Q1 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
297274
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
54548
CY2023Q1 us-gaap Other Assets
OtherAssets
5420367
CY2022Q4 us-gaap Other Assets
OtherAssets
4983173
CY2023Q1 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.0625
CY2023Q2 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.0650
CY2023Q1 sach Term Of Federal Home Loan Bank Of Boston Classic Advance Rate
TermOfFederalHomeLoanBankOfBostonClassicAdvanceRate
P5Y
CY2023Q1 sach Debt Instrument Amortization Period
DebtInstrumentAmortizationPeriod
P20Y
CY2023Q1 sach Debt Instrument Number Of First Line Mortgage Loans
DebtInstrumentNumberOfFirstLineMortgageLoans
31
CY2023Q1 us-gaap Debt Instrument Repurchase Amount
DebtInstrumentRepurchaseAmount
87900000
CY2023Q1 sach Adjusted Ebitda Coverage Ratio
AdjustedEbitdaCoverageRatio
1.40
CY2023Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
10000000
CY2023Q1 sach Percentage Of Asset Coverage Ratio
PercentageOfAssetCoverageRatio
1.50
CY2023Q1 sach Debt Instrument Number Of Series Of Unsecured Unsubordinated Loans
DebtInstrumentNumberOfSeriesOfUnsecuredUnsubordinatedLoans
7
CY2023Q1 sach Notes Issued Denomination
NotesIssuedDenomination
25.00
CY2023Q1 sach Threshold Percentage Of Taxable Income To Prohibit Distribution
ThresholdPercentageOfTaxableIncomeToProhibitDistribution
0.90
CY2023Q1 sach Threshold Asset Coverage Ratio
ThresholdAssetCoverageRatio
1.50
CY2023Q1 sach Period Of Written Notice To Redeem Notes Without Premium Or Penalty
PeriodOfWrittenNoticeToRedeemNotesWithoutPremiumOrPenalty
P30D
CY2023Q1 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
44696
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
58163000
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
56363750
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
51750000
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
122125000
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
288401750
CY2023Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7793640
CY2023Q1 us-gaap Notes Payable
NotesPayable
280608110
CY2023Q1 sach Estimated Amortization Of Deferred Financing Costs In Next Twelve Months
EstimatedAmortizationOfDeferredFinancingCostsInNextTwelveMonths
1745150
CY2023Q1 sach Estimated Amortization Of Deferred Financing Costs In Year Two
EstimatedAmortizationOfDeferredFinancingCostsInYearTwo
2336228
CY2023Q1 sach Estimated Amortization Of Deferred Financing Costs In Year Three
EstimatedAmortizationOfDeferredFinancingCostsInYearThree
1807606
CY2023Q1 sach Estimated Amortization Of Deferred Financing Costs In Year Four
EstimatedAmortizationOfDeferredFinancingCostsInYearFour
1410319
CY2023Q1 sach Estimated Amortization Of Deferred Financing Costs In Year Five
EstimatedAmortizationOfDeferredFinancingCostsInYearFive
494337
CY2023Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7793640
CY2023Q1 sach Accounts Payable And Accrued Liabilities Other Than Notes And Interest
AccountsPayableAndAccruedLiabilitiesOtherThanNotesAndInterest
1025051
CY2022Q4 sach Accounts Payable And Accrued Liabilities Other Than Notes And Interest
AccountsPayableAndAccruedLiabilitiesOtherThanNotesAndInterest
1109789
CY2023Q1 us-gaap Contractual Obligation
ContractualObligation
562000
CY2023Q1 sach Late And Other Fees Income
LateAndOtherFeesIncome
113131
CY2022Q1 sach Late And Other Fees Income
LateAndOtherFeesIncome
128864
CY2023Q1 sach Income From Processing Fees
IncomeFromProcessingFees
32070
CY2022Q1 sach Income From Processing Fees
IncomeFromProcessingFees
65855
CY2023Q1 sach Rental Income Loss Net
RentalIncomeLossNet
13300
CY2022Q1 sach Rental Income Loss Net
RentalIncomeLossNet
10042
CY2023Q1 sach Extension Fees
ExtensionFees
180410
CY2022Q1 sach Extension Fees
ExtensionFees
101834
CY2023Q1 sach Other Fees
OtherFees
203029
CY2022Q1 sach Other Fees
OtherFees
50562
CY2023Q1 sach Income From Legal Fees
IncomeFromLegalFees
96500
CY2022Q1 sach Income From Legal Fees
IncomeFromLegalFees
62100
CY2023Q1 us-gaap Other Income
OtherIncome
69165
CY2022Q1 us-gaap Other Income
OtherIncome
189307
CY2023Q1 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
707605
CY2022Q1 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
608564
CY2023Q1 us-gaap Deferred Revenue
DeferredRevenue
4681060
CY2022Q1 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
19993
CY2023Q1 sach Employment Agreements Description
EmploymentAgreementsDescription
(i) the employment term is five years 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, April 2021 and April 2022 to $360,000, $500,000 and $750,000, respectively; (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; (vi) a two-year non-competition period following the termination of employment without cause; and (vii) payments upon termination of employment or a change in control.
CY2017Q1 us-gaap Officers Compensation
OfficersCompensation
260000
CY2018Q2 us-gaap Officers Compensation
OfficersCompensation
360000
CY2021Q2 us-gaap Officers Compensation
OfficersCompensation
500000
CY2022Q2 us-gaap Officers Compensation
OfficersCompensation
750000
CY2022Q3 us-gaap Officers Compensation
OfficersCompensation
325000
CY2023Q1 sach Number Of Mortgage Properties
NumberOfMortgageProperties
3
CY2023Q1 sach Amount Of Mortgage Receivable
AmountOfMortgageReceivable
631000
CY2018Q2 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.03
CY2023Q1 sach Investment In Partnership Total Representing Three Limited Liability Companies
InvestmentInPartnershipTotalRepresentingThreeLimitedLiabilityCompanies
35300000
CY2023Q1 sach Number Of Limited Liability Companies Managed By Commercial Real Estate Finance Company
NumberOfLimitedLiabilityCompaniesManagedByCommercialRealEstateFinanceCompany
4
CY2023Q1 sach Number Of Limited Liability Companies Managed By Commercial Real Estate Finance Company
NumberOfLimitedLiabilityCompaniesManagedByCommercialRealEstateFinanceCompany
4
CY2023Q1 sach Equity Securities Fvni Gain Loss.
EquitySecuritiesFvniGainLoss.
549723
CY2022 sach Equity Securities Fvni Gain Loss.
EquitySecuritiesFvniGainLoss.
272488
CY2023Q1 sach Unfunded Partnership Commitments
UnfundedPartnershipCommitments
573000
CY2023Q1 sach Legal Fees And Registration Related Costs
LegalFeesAndRegistrationRelatedCosts
452000
CY2023Q1 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
72575000

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