KORTH DIRECT MORTGAGE INC.: 10-Q filed 2022-05-13

Name: KORTH DIRECT MORTGAGE INC.: 10-Q filed 2022-05-13
Creator: KORTH DIRECT MORTGAGE INC.

What KORTH DIRECT MORTGAGE INC. reported in its quarterly report filed 2022-05-13 (fiscal Q3 2022): 33 published measures, 70 facts as tagged in accession 0001214659-22-006827.

This filing

Form: 10-Q (quarterly report)
Filed: 2022-05-13
Fiscal period: fiscal Q3 2022
Accession: 0001214659-22-006827 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All KORTH DIRECT MORTGAGE INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2022-03-31	401,751,632	USD
At 2021-12-31	372,046,458	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2022-03-31	371,134,399	USD
At 2021-12-31	341,436,362	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2022-03-31	30,617,233	USD
At 2021-12-31	30,610,096	USD
At 2021-03-31	6,948,892	USD
At 2020-12-31	6,386,992	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2022-03-31	16,601,404	USD
At 2021-12-31	19,481,343	USD
At 2021-03-31	13,595,320	USD
At 2020-12-31	8,642,465	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	476,833	USD	90
2021-01-01 to 2021-03-31	630,447	USD	90

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	-2,448,519	USD	90
2021-01-01 to 2021-03-31	5,125,803	USD	90

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	10,170	USD	90
2021-01-01 to 2021-03-31	97,948	USD	90

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	-421,250	USD	90
2021-01-01 to 2021-03-31	-75,000	USD	90

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	-10,170	USD	90
2021-01-01 to 2021-03-31	-97,948	USD	90

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2022-03-31	4,886,129	USD
At 2021-12-31	4,885,445	USD

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	167,717	USD	90
2021-01-01 to 2021-03-31	224,655	USD	90

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2022-03-31	297,536	USD
At 2021-12-31	304,203	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	6,453	USD	90
2021-01-01 to 2021-03-31	6,453	USD	90

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	-46,773	USD	90
2021-01-01 to 2021-03-31	72,721	USD	90

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	4,856	USD	90
2021-01-01 to 2021-03-31	10,444	USD	90

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2022-03-31	110,000	USD
At 2021-12-31	110,000	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	1,424,418	USD	90
2021-01-01 to 2021-03-31	1,193,254	USD	90

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	1,377,645	USD	90
2021-01-01 to 2021-03-31	1,265,975	USD	90

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	660,683	USD	90
2021-01-01 to 2021-03-31	319,605	USD	90

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2022-03-31	5,000,000	shares
At 2021-12-31	5,000,000	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2022-03-31	25,725,785	USD
At 2021-12-31	25,719,332	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2022-03-31	882,995	USD
At 2021-12-31	935,323	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2022-03-31	929,528	USD
At 2021-12-31	981,418	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2022-03-31	356,883,064	USD
At 2021-12-31	326,312,345	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2022-03-31	399,795	USD
At 2021-12-31	389,625	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2022-03-31	102,259	USD
At 2021-12-31	85,422	USD

Net deferred tax liabilities

Deferred tax liabilities net of related assets under this concept. The amount reflects timing differences and is not tax currently due.

Period	Value	Unit	Days
At 2022-03-31	2,164,979	USD
At 2021-12-31	2,050,220	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	644,550	USD	90
2021-01-01 to 2021-03-31	855,102	USD	90

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	55,583	USD	90
2021-01-01 to 2021-03-31	555,447	USD	90

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	16,837	USD	90
2021-01-01 to 2021-03-31	7,977	USD	90

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	691,323	USD	90
2021-01-01 to 2021-03-31	782,381	USD	90

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	114,759	USD	90
2021-01-01 to 2021-03-31	205,737	USD	90

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	4,856	USD	90
2021-01-01 to 2021-03-31	10,444	USD	90

Inspect the source

Entity: KORTH DIRECT MORTGAGE INC. / CIK 0001695963
Captured: 2026-09-21T17:24:26.209Z
SEC response SHA-256: ca73d80e5553490b5dcf03570e74cf162447bc3943b315f740172f7e32161df5

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001695963.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))