$SGIC
Strategic Realty Trust Inc

2023 Q3 Form 10-Q Financial Statement

#000144637123000039 Filed on August 11, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $625.0K
YoY Change -13.31%
Cost Of Revenue $289.0K
YoY Change -48.85%
Gross Profit $336.0K
YoY Change 115.38%
Gross Profit Margin 53.76%
Selling, General & Admin $410.0K
YoY Change -19.77%
% of Gross Profit 122.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $253.0K
YoY Change -15.1%
% of Gross Profit 75.3%
Operating Expenses $1.319M
YoY Change -83.0%
Operating Profit -$694.0K
YoY Change -90.14%
Interest Expense $367.0K
YoY Change 17.63%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$694.0K
YoY Change -90.14%
Income Tax
% Of Pretax Income
Net Earnings -$682.0K
YoY Change -90.13%
Net Earnings / Revenue -109.12%
Basic Earnings Per Share -$0.06
Diluted Earnings Per Share -$0.06
COMMON SHARES
Basic Shares Outstanding 10.75M shares 10.75M shares
Diluted Shares Outstanding 10.75M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.967M $2.057M
YoY Change 312.37% 116.98%
Cash & Equivalents $1.967M $2.057M
Short-Term Investments
Other Short-Term Assets $281.0K
YoY Change 195.79%
Inventory
Prepaid Expenses
Receivables $31.00K $901.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.998M $3.239M
YoY Change 32.85% 76.9%
LONG-TERM ASSETS
Property, Plant & Equipment $26.48M $30.22M
YoY Change -40.34% -32.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $604.0K
YoY Change -96.39%
Total Long-Term Assets $26.59M $31.09M
YoY Change -56.86% -49.55%
TOTAL ASSETS
Total Short-Term Assets $1.998M $3.239M
Total Long-Term Assets $26.59M $31.09M
Total Assets $28.59M $34.33M
YoY Change -54.73% -45.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $403.0K $329.0K
YoY Change -35.83% -24.19%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $403.0K $329.0K
YoY Change -35.83% -24.19%
LONG-TERM LIABILITIES
Long-Term Debt $18.03M $18.01M
YoY Change -57.3% -56.73%
Other Long-Term Liabilities $4.892M $227.0K
YoY Change 1552.7% -32.24%
Total Long-Term Liabilities $22.93M $18.24M
YoY Change -46.09% -56.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $403.0K $329.0K
Total Long-Term Liabilities $22.93M $18.24M
Total Liabilities $23.33M $18.57M
YoY Change -45.95% -56.2%
SHAREHOLDERS EQUITY
Retained Earnings -$79.25M
YoY Change 7.09%
Common Stock $110.0K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.257M $15.55M
YoY Change
Total Liabilities & Shareholders Equity $28.59M $34.33M
YoY Change -54.73% -45.9%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$682.0K
YoY Change -90.13%
Depreciation, Depletion And Amortization $253.0K
YoY Change -15.1%
Cash From Operating Activities -$253.0K
YoY Change -51.9%
INVESTING ACTIVITIES
Capital Expenditures $35.00K
YoY Change -106.06%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$35.00K
YoY Change -94.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -253.0K
Cash From Investing Activities -35.00K
Cash From Financing Activities 0.000
Net Change In Cash -288.0K
YoY Change -75.94%
FREE CASH FLOW
Cash From Operating Activities -$253.0K
Capital Expenditures $35.00K
Free Cash Flow -$288.0K
YoY Change -653.85%

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NetCashProvidedByUsedInInvestingActivities
-39000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1181000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
152000 usd
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 usd
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
1350000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
313000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-313000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1502000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1169000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1029000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3471000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2407000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2302000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1378000 usd
srtr Changeinaccruedliabilitiescapitalizedtoinvestmentindevelopment
Changeinaccruedliabilitiescapitalizedtoinvestmentindevelopment
0 usd
srtr Changeinaccruedliabilitiescapitalizedtoinvestmentindevelopment
Changeinaccruedliabilitiescapitalizedtoinvestmentindevelopment
-22000 usd
srtr Amortizationofdeferredloanfeescapitalizedtoinvestmentindevelopment
Amortizationofdeferredloanfeescapitalizedtoinvestmentindevelopment
0 usd
srtr Amortizationofdeferredloanfeescapitalizedtoinvestmentindevelopment
Amortizationofdeferredloanfeescapitalizedtoinvestmentindevelopment
87000 usd
srtr Increase Decrease In Capital Additions Accrued But Not Yet Paid
IncreaseDecreaseInCapitalAdditionsAccruedButNotYetPaid
29000 usd
srtr Increase Decrease In Capital Additions Accrued But Not Yet Paid
IncreaseDecreaseInCapitalAdditionsAccruedButNotYetPaid
90000 usd
us-gaap Interest Paid Net
InterestPaidNet
699000 usd
us-gaap Interest Paid Net
InterestPaidNet
385000 usd
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
6
CY2023Q2 us-gaap Net Rentable Area
NetRentableArea
27000 sqft
CY2023Q2 srtr Percentof Real Estate Properties Leased
PercentofRealEstatePropertiesLeased
0.85
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2100000 usd
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
200000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2057000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
948000 usd
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
245000 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
430000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2302000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1378000 usd
CY2023Q2 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P8Y10M24D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y6M
CY2023Q2 us-gaap Security Deposit
SecurityDeposit
100000 usd
CY2022Q4 us-gaap Security Deposit
SecurityDeposit
100000 usd
CY2023Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
472000 usd
CY2022Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
480000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
949000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
1057000 usd
CY2023Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
153000 usd
CY2022Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
241000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
303000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
398000 usd
CY2023Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
625000 usd
CY2022Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
721000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1252000 usd
CY2023Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
686000 usd
CY2022Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
631000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
910000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
1860000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
1763000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
1476000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
1121000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
4719000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
11849000 usd
CY2023Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
247000 usd
CY2022Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
247000 usd
CY2023Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
151000 usd
CY2022Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
139000 usd
CY2023Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
96000 usd
CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
108000 usd
CY2023Q2 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
6000 usd
CY2022Q2 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
6000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
12000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
11000 usd
CY2023Q2 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
474000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
440000 usd
CY2023Q2 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
115000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
87000 usd
CY2023Q2 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
359000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
353000 usd
CY2023Q2 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
14000 usd
CY2022Q2 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
11000 usd
us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
28000 usd
us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
22000 usd
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2024-01-09
CY2023Q2 us-gaap Secured Debt
SecuredDebt
18000000 usd
CY2023Q2 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
38000 usd
us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
43000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
18000000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
18000000 usd
CY2023Q2 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
26000 usd
CY2023Q2 us-gaap Notes Payable
NotesPayable
17974000 usd
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
353000 usd
CY2022Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
228000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
708000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
440000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
14000 usd
CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
84000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
27000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
192000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
367000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
312000 usd
us-gaap Interest Expense
InterestExpense
735000 usd
CY2023Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
100000 usd
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.64
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.64
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.72
srtr Minimum Percentage Of Taxable Income Distributed To Shareholders
MinimumPercentageOfTaxableIncomeDistributedToShareholders
0.90
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-694000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-7038000 usd
us-gaap Profit Loss
ProfitLoss
-1425000 usd
us-gaap Profit Loss
ProfitLoss
-7840000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-12000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-131000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-26000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-146000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-682000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-6907000 usd
us-gaap Net Income Loss
NetIncomeLoss
-1399000 usd
us-gaap Net Income Loss
NetIncomeLoss
-7694000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10752966 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10752966 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10752966 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10752966 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10752966 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10752966 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10752966 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10752966 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
0 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
0 shares
us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
0 shares
us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
0 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10752966 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10752966 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10752966 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10752966 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06

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