2024 Q1 Form 10-K Financial Statement

#000144637124000006 Filed on March 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$1.425M
YoY Change -87.66%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 10.75M shares 10.75M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $822.0K $1.250M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $27.42M $28.30M
YoY Change -21.54% -20.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $23.15M $23.14M
YoY Change 24.93% 24.41%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity
YoY Change
Total Liabilities & Shareholders Equity
YoY Change

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$1.425M
YoY Change -87.66%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2023 dei Entity Registrant Name
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STRATEGIC REALTY TRUST, INC.
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MD
CY2023 dei Entity Tax Identification Number
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Moss Adams LLP
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UseOfEstimates
<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain of the Company’s accounting estimates are particularly important for an understanding of the Company’s financial position and results of operations and require the application of significant judgment by management. As a result, these estimates are subject to a degree of uncertainty. The Company is required to estimate all costs and revenue it expects to incur and earn through the end of liquidation including the estimated amount of cash it expects to collect on the disposal of its assets and the estimated costs to dispose of its assets. All of the estimates and evaluations are susceptible to change and actual results could differ materially from the estimates and evaluations.</span></div>
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1250000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3089000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
319000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
382000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1569000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3471000 usd
CY2023Q3 srtr Liquidation Basis Of Accounting Revenues For Estimated Costs In Excess Of Estimated Receipts During Liquidation Rental Income
LiquidationBasisOfAccountingRevenuesForEstimatedCostsInExcessOfEstimatedReceiptsDuringLiquidationRentalIncome
1935000 usd
CY2023Q3 srtr Liquidation Basis Of Accounting Revenues For Estimated Costs In Excess Of Estimated Receipts During Liquidation Other Operating Income
LiquidationBasisOfAccountingRevenuesForEstimatedCostsInExcessOfEstimatedReceiptsDuringLiquidationOtherOperatingIncome
28000 usd
CY2023Q3 srtr Liquidation Basis Of Accounting Expenses For Estimated Costs In Excess Of Estimated Receipts During Liquidation Operating Maintenance And Management
LiquidationBasisOfAccountingExpensesForEstimatedCostsInExcessOfEstimatedReceiptsDuringLiquidationOperatingMaintenanceAndManagement
473000 usd
CY2023Q3 srtr Liquidation Basis Of Accounting Expenses For Estimated Costs In Excess Of Estimated Receipts During Liquidation Real Estate Taxes And Insurance
LiquidationBasisOfAccountingExpensesForEstimatedCostsInExcessOfEstimatedReceiptsDuringLiquidationRealEstateTaxesAndInsurance
337000 usd
CY2023Q3 srtr Liquidation Basis Of Accounting Expenses For Estimated Costs In Excess Of Estimated Receipts During Liquidation General Administrative Expenses
LiquidationBasisOfAccountingExpensesForEstimatedCostsInExcessOfEstimatedReceiptsDuringLiquidationGeneralAdministrativeExpenses
2484000 usd
CY2023Q3 srtr Liquidation Basis Of Accounting Expenses For Estimated Costs In Excess Of Estimated Receipts During Liquidation Interest Expense
LiquidationBasisOfAccountingExpensesForEstimatedCostsInExcessOfEstimatedReceiptsDuringLiquidationInterestExpense
1485000 usd
CY2023Q3 srtr Liquidation Basis Of Accounting Expenses For Estimated Costs In Excess Of Estimated Receipts During Liquidation Tenant Improvements
LiquidationBasisOfAccountingExpensesForEstimatedCostsInExcessOfEstimatedReceiptsDuringLiquidationTenantImprovements
78000 usd
CY2023Q3 srtr Liquidation Basis Of Accounting Revenues For Estimated Costs In Excess Of Estimated Receipts During Liquidation Return Of Escrow Funds
LiquidationBasisOfAccountingRevenuesForEstimatedCostsInExcessOfEstimatedReceiptsDuringLiquidationReturnOfEscrowFunds
162000 usd
CY2023Q3 us-gaap Liquidation Basis Of Accounting Accrued Costs To Dispose Of Assets And Liabilities
LiquidationBasisOfAccountingAccruedCostsToDisposeOfAssetsAndLiabilities
2510000 usd
CY2023Q3 srtr Liabilities For Estimated Costs In Excess Of Estimated Receipts During Liquidation
LiabilitiesForEstimatedCostsInExcessOfEstimatedReceiptsDuringLiquidation
5242000 usd
CY2023Q3 srtr Liquidation Basis Of Accounting Estimated Net Outflows From Investments In Real Estate
LiquidationBasisOfAccountingEstimatedNetOutflowsFromInvestmentsInRealEstate
-248000 usd
srtr Liquidation Basis Of Accounting Payments For Investments In Real Estate
LiquidationBasisOfAccountingPaymentsForInvestmentsInRealEstate
151000 usd
srtr Liquidation Basis Of Accounting Remeasurement Increase Decrease In Estimated Net Outflows From Investments In Real Estate
LiquidationBasisOfAccountingRemeasurementIncreaseDecreaseInEstimatedNetOutflowsFromInvestmentsInRealEstate
-346000 usd
CY2023Q4 srtr Liquidation Basis Of Accounting Estimated Net Outflows From Investments In Real Estate
LiquidationBasisOfAccountingEstimatedNetOutflowsFromInvestmentsInRealEstate
-443000 usd
CY2023Q3 srtr Liquidation Basis Of Accounting Liqudation Transaction Costs
LiquidationBasisOfAccountingLiqudationTransactionCosts
2510000 usd
srtr Liquidation Basis Of Accounting Payments For Liquidation Costs
LiquidationBasisOfAccountingPaymentsForLiquidationCosts
0 usd
srtr Liquidation Basis Of Accounting Remeasurement Increase Decrease In Liquidation Transaction Costs
LiquidationBasisOfAccountingRemeasurementIncreaseDecreaseInLiquidationTransactionCosts
20000 usd
CY2023Q4 srtr Liquidation Basis Of Accounting Liqudation Transaction Costs
LiquidationBasisOfAccountingLiqudationTransactionCosts
2490000 usd
CY2023Q3 srtr Liquidation Basis Of Accounting Corporate Expenditures
LiquidationBasisOfAccountingCorporateExpenditures
2484000 usd
srtr Liquidation Basis Of Accounting Payments For Corporate Expenditures
LiquidationBasisOfAccountingPaymentsForCorporateExpenditures
702000 usd
srtr Liquidation Basis Of Accounting Remeasurement Increase Decrease In Corporate Expenditures
LiquidationBasisOfAccountingRemeasurementIncreaseDecreaseInCorporateExpenditures
-3000 usd
CY2023Q4 srtr Liquidation Basis Of Accounting Corporate Expenditures
LiquidationBasisOfAccountingCorporateExpenditures
1785000 usd
CY2023Q3 srtr Liquidation Basis Of Accounting Capital Expenditures
LiquidationBasisOfAccountingCapitalExpenditures
0 usd
srtr Liquidation Basis Of Accounting Payments For Capital Expenditures
LiquidationBasisOfAccountingPaymentsForCapitalExpenditures
46000 usd
srtr Liquidation Basis Of Accounting Remeasurement Increase Decrease In Capital Expenditures
LiquidationBasisOfAccountingRemeasurementIncreaseDecreaseInCapitalExpenditures
-46000 usd
CY2023Q4 srtr Liquidation Basis Of Accounting Capital Expenditures
LiquidationBasisOfAccountingCapitalExpenditures
0 usd
CY2023Q3 srtr Liquidation Basis Of Accounting Total Liabilities
LiquidationBasisOfAccountingTotalLiabilities
5242000 usd
srtr Liquidation Basis Of Accounting Payments For Liabilities
LiquidationBasisOfAccountingPaymentsForLiabilities
899000 usd
srtr Liquidation Basis Of Accounting Remeasurement Increase Decrease In Liabilities
LiquidationBasisOfAccountingRemeasurementIncreaseDecreaseInLiabilities
-375000 usd
CY2023Q4 srtr Liquidation Basis Of Accounting Total Liabilities
LiquidationBasisOfAccountingTotalLiabilities
4718000 usd
CY2023Q3 srtr Liabilities For Estimated Costs In Excess Of Estimated Receipts During Liquidation
LiabilitiesForEstimatedCostsInExcessOfEstimatedReceiptsDuringLiquidation
5242000 usd
srtr Liquidation Basis Of Accounting Payments For Proceeds From Liquidation
LiquidationBasisOfAccountingPaymentsForProceedsFromLiquidation
899000 usd
us-gaap Liquidation Basis Of Accounting Remeasurement Gain Loss On Accrued Costs To Dispose Of Assets And Liabilities
LiquidationBasisOfAccountingRemeasurementGainLossOnAccruedCostsToDisposeOfAssetsAndLiabilities
-375000 usd
CY2023Q4 srtr Liabilities For Estimated Costs In Excess Of Estimated Receipts During Liquidation
LiabilitiesForEstimatedCostsInExcessOfEstimatedReceiptsDuringLiquidation
4718000 usd
CY2023Q4 srtr Common Stock Additional Estimated Liquidation Distribution Per Share
CommonStockAdditionalEstimatedLiquidationDistributionPerShare
0.47
CY2023Q4 us-gaap Net Rentable Area
NetRentableArea
27000 sqft
CY2023Q4 srtr Percentof Real Estate Properties Leased
PercentofRealEstatePropertiesLeased
0.85
CY2023Q4 srtr Real Estate Liquidation Value
RealEstateLiquidationValue
26300000 usd
CY2023 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2024-01-09
CY2023Q4 us-gaap Secured Debt
SecuredDebt
18000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
18000000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
18000000 usd
CY2023Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
18000000 usd
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
1698000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
720000 usd
CY2022 us-gaap Interest Expense
InterestExpense
2418000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
100000 usd
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
4000000 usd
CY2021Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.070
CY2023 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
3000000 usd
CY2023 srtr Related Party Interest Expense
RelatedPartyInterestExpense
154000 usd
CY2023 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
15000 usd
CY2023Q4 srtr Net Liquidation Adjustment
NetLiquidationAdjustment
-3910000 usd
CY2023Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
18000000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
14224000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
32236000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
-11011000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
12374000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
23075000 usd
CY2023Q4 srtr Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Liquidation
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationLiquidation
5279000 usd
CY2023Q4 us-gaap Sec Schedule Iii Real Estate Investment Property Net
SECScheduleIIIRealEstateInvestmentPropertyNet
26260000 usd
CY2023Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
34100000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
35461000 usd
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
54703000 usd
CY2023 us-gaap Real Estate Improvements
RealEstateImprovements
12000 usd
CY2022 us-gaap Real Estate Improvements
RealEstateImprovements
469000 usd
CY2023 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
0 usd
CY2022 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
17159000 usd
CY2023 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
0 usd
CY2022 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
2552000 usd
CY2023 us-gaap Real Estate Period Increase Decrease
RealEstatePeriodIncreaseDecrease
-9189000 usd
CY2022 us-gaap Real Estate Period Increase Decrease
RealEstatePeriodIncreaseDecrease
0 usd
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
26260000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
35461000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
4838000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
5148000 usd
CY2023 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
441000 usd
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
963000 usd
CY2023 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
0 usd
CY2022 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
1273000 usd
CY2023 us-gaap Real Estate Accumulated Depreciation Period Increase Decrease
RealEstateAccumulatedDepreciationPeriodIncreaseDecrease
-5279000 usd
CY2022 us-gaap Real Estate Accumulated Depreciation Period Increase Decrease
RealEstateAccumulatedDepreciationPeriodIncreaseDecrease
0 usd
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
0 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
4838000 usd

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