Korth Direct Mortgage Inc. financial data

Industry
Mortgage Bankers & Loan Correspondents
Location
135 San Lorenzo Ave, Suite 600, Coral Gables, Florida
State of incorporation
Florida
Fiscal year end
December 31
Former names
Korth Direct Mortgage LLC (to 5/14/2019)
Latest financial report
Q1 2024 - May 20, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 1.25 K % +2.21%
Return On Equity -12.9 % -235%
Return On Assets -0.78 % -210%
Operating Margin -3.63 % -148%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 5 M shares 0%
Common Stock, Shares, Outstanding 5 M shares 0%
Entity Public Float 0 USD
Common Stock, Value, Issued 5 K USD 0%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 2.06 M USD -13.6%
Cost of Revenue 633 K USD -30.1%
Operating Income (Loss) -345 K USD -94.2%
Nonoperating Income (Expense) -1.44 M USD -906%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -1.79 M USD -139069%
Income Tax Expense (Benefit) -512 K USD -9055%
Net Income (Loss) Attributable to Parent -1.27 M USD -30098%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 18.3 M USD -27.4%
Property, Plant and Equipment, Net 17.5 M USD -2.8%
Operating Lease, Right-of-Use Asset 445 K USD -33.5%
Goodwill 110 K USD 0%
Assets 516 M USD -8.41%
Deferred Income Tax Liabilities, Net 1.5 M USD -55.1%
Liabilities 488 M USD -7.55%
Retained Earnings (Accumulated Deficit) -1.46 M USD -124%
Stockholders' Equity Attributable to Parent 34.8 M USD -22.1%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 28.3 M USD -21%
Liabilities and Equity 516 M USD -8.41%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -2.88 M USD -184%
Net Cash Provided by (Used in) Financing Activities -481 K USD -114%
Net Cash Provided by (Used in) Investing Activities -2.49 K USD +65.2%
Common Stock, Shares Authorized 60 M shares 0%
Common Stock, Shares, Issued 5 M shares 0%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -2.88 M USD -158%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 18.3 M USD -27.4%
Interest Paid, Excluding Capitalized Interest, Operating Activities 2.58 K USD -99.2%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure
Deferred Tax Assets, Gross 851 K USD +53.6%
Operating Lease, Liability 823 K USD -20.2%
Depreciation 169 K USD +2.64%
Payments to Acquire Property, Plant, and Equipment 2.49 K USD -65.2%
Lessee, Operating Lease, Liability, to be Paid 630 K USD
Property, Plant and Equipment, Gross 18.4 M USD +0.11%
Lessee, Operating Lease, Liability, to be Paid, Year Two 264 K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 64.4 K USD
Deferred Income Tax Expense (Benefit) -1.32 M USD -203%
Lessee, Operating Lease, Liability, to be Paid, Year Three 271 K USD
Deferred Tax Assets, Operating Loss Carryforwards 402 K USD +191%
Deferred Federal Income Tax Expense (Benefit) -1.04 M USD -203%
Lessee, Operating Lease, Liability, to be Paid, Year Four 30.5 K USD
Additional Paid in Capital 29.6 M USD +0.19%
Operating Leases, Future Minimum Payments, Due in Two Years 199 K USD
Operating Leases, Future Minimum Payments, Due in Three Years 271 K USD
Operating Leases, Future Minimum Payments Due 501 K USD
Deferred State and Local Income Tax Expense (Benefit) -287 K USD -203%
Interest Expense 694 K USD +53.9%