As Reported Financials

Source Document Currency Code (in units) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD

Assets

Cash, cash equivalents and restricted cash NA NA 5,670,816 4,514,301
Cash and cash equivalents 1,255,842 434,243 NA NA
Restricted cash 7,225,371 6,500,000 NA NA
Loans, net of allowance for loan losses 104,901,361 126,975,489 144,343,844 141,204,055
Interest and other receivables 1,764,918 2,164,335 2,430,457 1,104,638
Other assets, net of accumulated depreciation and amortization 741,001 803,676 725,341 416,615
Deferred financing costs, net of accumulated amortization 126,308 171,855 26,823 351,199
Deferred tax assets, net 0 7,248,977 3,207,322 2,697,480
Investment in limited liability company 2,141,032 2,140,482 2,140,545 2,139,242
Real estate held for sale 100,191,166 75,843,635 56,110,472 34,093,790
Real estate held for investment, net of accumulated depreciation 53,647,246 37,279,763 24,355,653 22,548,720
Total assets 271,994,245 259,562,455 239,011,273 209,070,040

Liabilities and Equity

Liabilities

Dividends payable 2,133,455 1,402,496 1,572,047 1,696,576
Due to Manager 408,643 360,627 277,671 242,170
Accounts payable and accrued liabilities 3,359,294 3,699,859 1,390,329 1,245,609
Deferred gains 209,662 209,662 302,895 0
Forward contract liability - share repurchase NA 0 2,731,171 0
Line of credit payable 20,915,500 4,976,000 1,555,000 1,728,000
Notes and loans payable on real estate 45,458,844 33,385,934 30,192,433 12,798,903
Total liabilities 72,485,398 44,034,578 38,021,546 17,711,258

Equity

Stockholders' equity
Preferred stock 0 0 0 0
Common stock 111,981 111,981 111,981 111,981
Additional paid-in capital 182,437,522 182,437,522 182,437,522 182,437,522
Treasury stock, at cost (12,852,058) (12,852,058) (31,655,119) (41,753,190)
Retained earnings 25,282,553 45,830,432 50,095,343 50,562,469
Total stockholders' equity 194,979,998 215,527,877 200,989,727 191,358,782
Non-controlling interests 4,528,849 NA NA NA
Total equity 199,508,847 NA NA NA
Total liabilities and equity 271,994,245 259,562,455 239,011,273 209,070,040
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.