Korth Direct Mortgage Inc. financial data

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

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 1.25K % +2.21%

Shares

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

Income Statement

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

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 22.4M USD -0.95%
Property, Plant and Equipment, Net 32.1M USD +80.4%
Operating Lease, Right-of-Use Asset 329K USD -41%
Goodwill 110K USD 0%
Assets 528M USD -6.51%
Deferred Income Tax Liabilities, Net 1.65M USD -48.1%
Liabilities 501M USD -5.74%
Retained Earnings (Accumulated Deficit) -2.24M USD -156%
Stockholders' Equity Attributable to Parent 34.8M USD -22.1%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 27.5M USD -18.6%
Liabilities and Equity 528M USD -6.51%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -2.88M USD -184%
Net Cash Provided by (Used in) Financing Activities -481K USD -114%
Net Cash Provided by (Used in) Investing Activities -2.49K USD +65.2%
Common Stock, Shares Authorized 60M shares 0%
Common Stock, Shares, Issued 5M 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 -2.88M USD -158%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 22.4M USD -0.95%
Interest Paid, Excluding Capitalized Interest, Operating Activities 2.58K USD -99.2%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure
Deferred Tax Assets, Gross 851K USD +53.6%
Operating Lease, Liability 823K USD -20.2%
Depreciation 169K USD +2.64%
Payments to Acquire Property, Plant, and Equipment 2.49K USD -65.2%
Lessee, Operating Lease, Liability, to be Paid 630K USD
Property, Plant and Equipment, Gross 33.4M USD +81.9%
Lessee, Operating Lease, Liability, to be Paid, Year Two 264K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 64.4K USD
Deferred Income Tax Expense (Benefit) 115K USD -44.2%
Lessee, Operating Lease, Liability, to be Paid, Year Three 271K USD
Deferred Tax Assets, Operating Loss Carryforwards 402K USD +191%
Lessee, Operating Lease, Liability, to be Paid, Year Four 30.5K USD
Additional Paid in Capital 29.6M USD +0.18%
Operating Leases, Future Minimum Payments, Due in Two Years 66.2K USD
Operating Leases, Future Minimum Payments, Due in Three Years 271K USD
Operating Leases, Future Minimum Payments Due 368K USD
Interest Expense 694K USD +53.9%