| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Revenue: | ||||||
Interest income from loans | ||||||
9,751 | 8,960 | 5,434 | 3,648 | |||
Investment income | ||||||
81 | 0 | - | - | |||
Origination fees | ||||||
1,519 | 1,411 | 802 | 197 | |||
Late and other fees | ||||||
265 | 189 | 136 | - | |||
Late and other fees | ||||||
- | - | - | 105 | |||
Processing fees | ||||||
167 | 138 | 124 | 65 | |||
Rental income, net | ||||||
69 | 101 | 88 | 68 | |||
Other income | ||||||
826 | 837 | 410 | 47 | |||
Net gain on sale of real estate | ||||||
0 | 74 | - | - | |||
Net gain on sale of real estate owned | ||||||
- | - | 0 | 0 | |||
Total revenue | ||||||
12,680 | 11,713 | 6,996 | 4,133 | |||
Operating costs and expenses: | ||||||
Interest and amortization of deferred financing costs | ||||||
2,938 | 1,665 | 664 | 505 | |||
Compensation and related costs | ||||||
- | - | - | 34 | |||
Compensation to manager | ||||||
- | - | 35 | 350 | |||
Professional fees | ||||||
542 | 417 | 299 | 87 | |||
Compensation, fees and taxes | ||||||
1,534 | 1,248 | 698 | - | |||
Compensation, fees and taxes | ||||||
1,534 | 1,248 | 698 | - | |||
Exchange fees | ||||||
44 | 33 | 32 | - | |||
Other expenses and taxes | ||||||
90 | 20 | 155 | 0 | |||
Excise tax | ||||||
0 | 19 | 0 | - | |||
Depreciation | ||||||
63 | 32 | 28 | 0 | |||
Expense in connection with termination of credit facility | ||||||
-340 | 0 | - | - | |||
General and administrative expenses | ||||||
478 | 437 | 222 | 17 | |||
Net loss on sale of real estate | ||||||
-34 | 0 | - | - | |||
Impairment loss | ||||||
417 | 67 | 0 | - | |||
Total operating costs and expenses | ||||||
6,484 | 3,941 | 2,136 | 1,082 | |||
Loss on sale of real estate | ||||||
- | - | - | 87 | |||
Net income | ||||||
6,196 | 7,771 | 4,860 | 3,050 | |||
Other comprehensive loss | ||||||
Unrealized loss on investment securities | ||||||
-50 | 0 | - | - | |||
Comprehensive income | ||||||
6,145 | 7,771 | - | - | |||
Basic and diluted net income per common share outstanding: | ||||||
Basic | ||||||
0.32 | 0.50 | 0.38 | 0.00 | |||
Diluted | ||||||
0.32 | 0.50 | 0.38 | 0.00 | |||
Weighted average number of common shares outstanding: | ||||||
Basic | ||||||
19,415 | 15,425 | 11,956 | 0 | |||
Diluted | ||||||
19,415 | 15,425 | 0 | 0 | |||