Sachem capital corp. (SACH)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
CASH FLOWS FROM OPERATING ACTIVITIES
Net income

2,238

941

2,055

1,143

2,056

1,637

1,951

2,210

1,972

1,689

1,317

956

896

823

674

869

683

Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of deferred financing costs

116

562

65

47

47

47

46

29

14

15

14

14

14

11

11

11

12

Depreciation expense

16

19

18

18

7

12

6

5

7

6

8

7

5

0

0

0

0

Stock based compensation

4

30

4

4

4

8

29

0

0

-

-

-

-

-

-

-

-

Impairment loss

250

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

Loss (gain) on sale of real estate

-4

-54

12

0

7

-44

119

0

0

0

15

-42

26

-87

0

0

0

Realized gain on short-term marketable securities

446

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
(Increase) decrease in:
Escrow deposits

0

-0

0

0

-12

12

0

-175

64

111

0

-596

596

-

-

0

0

Interest and fees receivable

200

-300

4

-199

649

78

346

436

134

11

66

69

19

14

93

54

50

Other receivables

-25

-80

92

0

-25

-385

331

76

-256

65

-5

-4

-4

-9

46

36

-1

Due from borrowers

778

1,737

-1,342

-872

92

-65

203

105

0

-

-

-

-

-

-

-

-

Prepaid insurance

-

-

-

-

-

-

-

-

-

-33

-34

40

32

-

-

-

0

Prepaid expenses

8

-12

-25

-22

70

-12

-19

14

28

-

-

-

-

-

-

-

-

Deposits on property and equipment

36

-21

139

-139

-37

-12

18

-18

0

-

-

-

-

-

-

-

-

(Decrease) increase in:
Due to note purchaser

-

-

-

-

-

0

0

0

-723

0

0

0

0

-

-

-

-

Due to member

-

-

-

-

-

-

-

-

-

-

-

-

-

144

113

105

58

Due to shareholder

-

-

-

-

-

-

-

-

0

-

2

645

-630

-

-

-

-

Accrued interest

-0

-176

3

-19

19

18

32

125

-40

-38

40

26

-11

1

-0

-6

-8

Accounts payable and accrued expenses

8

-

-

-

-187

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses

-

-

-

-

-

-

-14

-49

-231

312

-149

-283

314

196

0

0

0

Deferred revenue

75

138

-40

81

-31

-94

-62

46

60

237

179

289

112

26

-0

-10

10

Advances from borrowers

385

350

235

-123

69

127

-193

-263

213

-296

-94

-58

307

90

-14

102

-11

Total adjustments

-511

-139

1,530

1,418

-890

813

-1,119

-580

-669

385

-207

362

-557

457

115

61

12

NET CASH PROVIDED BY OPERATING ACTIVITIES

1,727

802

3,585

2,561

1,166

2,450

832

1,629

1,303

2,075

1,110

1,319

339

-

-

-

-

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of investments and marketable securities

17,417

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of investments and marketable securities

17,428

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of real estate owned

1,090

724

97

140

124

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions of and improvements to real estate owned, net

377

823

100

-20

362

-

-

-

-

-

-

-

-

-

-

-

-

NET CASH PROVIDED BY OPERATING ACTIVITIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

930

695

Proceeds from sale of real estate owned

-

-

-

-

-

-

-

-

0

0

440

0

90

-

-

229

0

Acquisitions of and improvements to real estate owned

-

-

-

-

-

-

-

-

11

107

361

43

18

323

2

475

85

Purchase of property and equipment

29

45

31

23

141

379

331

-1

1

-

-

-

-

-

-

-

-

Purchase of furniture and equipment

-

-

-

-

-

-

-

-

-

-

-

13

102

-

0

0

0

Security deposit

-

-

-

-

-

-

-

-

-

-

-

-

32

-

-

-

0

Principal disbursements for mortgages receivable

28,675

22,578

13,647

15,689

12,827

4,799

7,015

19,917

10,345

19,676

10,554

13,146

10,091

7,244

5,227

3,994

5,113

Principal collections on mortgages receivable

11,758

15,430

6,818

12,616

8,481

-

-

-

-

-

-

-

-

-

-

-

-

Principal collections on mortgages receivable

-

-

-

-

-

-

-

-

6,034

9,098

5,668

5,242

3,938

3,939

4,568

2,977

3,376

NET CASH USED FOR INVESTING ACTIVITIES

-16,221

-23,293

-6,863

-2,935

-4,725

-751

-5,941

-5,817

-4,324

-9,915

-4,559

-8,239

-6,215

-

-

-

-

CASH FLOWS FROM FINANCING ACTIVITIES
NET CASH USED FOR INVESTING ACTIVITIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,522

-1,823

Proceeds from line of credit

0

0

0

22,980

19,740

16,497

15,339

32,439

13,288

18,835

8,795

8,950

7,595

2,050

1,250

3,575

600

Repayment of line of credit

0

0

0

53,363

16,576

16,538

10,224

24,441

8,982

24,915

5,036

938

11,559

2,461

0

1,300

1,600

Proceeds from notes sold to shareholder

0

0

0

0

1,017

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from bank overdraft

0

-

-

-

117

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on mortgage payable

4

-

-

-288

290

-

-

2

2

2

2

2

1

-

-

-

-

Principal payments on notes payable

4

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on mortgage payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Dividends Paid

2,654

2,654

2,348

2,054

2,624

1,852

1,698

1,618

1,618

1,618

1,165

555

0

-

-

-

-

Costs in connection with ATM

0

-

-

-

-2,227

-

-

-

-

-

-

-

-

-

-

-

-

Pre-offering costs incurred

-

-

-

-

-

-

-

-

-

1,771

-5

-51

1,544

382

73

51

73

Financing costs incurred

58

-

-

-

12

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from mortgage payable

0

0

0

718

76

-

-

-

-

-

-

-

-

-

-

-

-

Prepayment of mortgage payable

0

-

-

-

-795

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from mortgage payable

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Proceeds from IPO

-

-

-

-

-

-

-

-

-

17,250

0

0

13,000

0

0

0

0

Proceeds from notes payable, net

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

Financing costs incurred

-

-

-

-

-

-

-

-

55

0

0

73

13

11

0

0

65

Member contributions

-

-

-

-

-

-

-

-

-

0

0

0

653

1,330

1,237

653

1,862

Member distributions

-

-

-

-

-

-

-

-

-

0

0

0

2,460

378

1,257

2,006

236

NET CASH (USED IN)PROVIDED BY FINANCING ACTIVITIES

-2,721

30,328

11,186

2,400

4,469

-2,084

3,431

5,846

2,629

7,777

2,597

7,432

5,670

-

-

-

-

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

-17,215

7,836

7,909

2,026

910

-385

-1,677

1,658

-391

-

-

-

-

-

-

-

-

NET CASH PROVIDED BY FINANCING ACTIVITIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

870

487

NET DECREASE IN CASH

-

-

-

-

-

-

-

-

-

-

-851

512

-205

-1,714

1,804

278

-639

SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION
Taxes paid

0

-

0

0

0

34

19

0

0

-

-

-

-

-

-

-

-

Interest paid

1,033

1,764

-506

405

573

361

447

352

208

41

302

141

101

-

-

-

-

SUPPLEMENTAL INFORMATION-NON-CASH
Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

114

97