| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 |
|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||
Net Income (Loss) Attributable to Parent | ||||||||||
5,929 | 4,841 | 3,713 | 1,594 | -81 | -1,608 | -2,851 | -3,026 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||||||
Share based compensation | ||||||||||
351 | 344 | 381 | 441 | 445 | 430 | 531 | 391 | 0 | 0 | 0 |
Amortization of deferred financing costs | ||||||||||
632 | 613 | 600 | 404 | 344 | 282 | 184 | 103 | 0 | 0 | 0 |
Amortization of loan origination and exit fees | ||||||||||
1,865 | 1,697 | 1,484 | 946 | 590 | 296 | 145 | 32 | 0 | 0 | 0 |
Changes in operating assets and liabilities: | ||||||||||
Accrued interest receivable | ||||||||||
380 | 488 | 418 | 803 | 683 | 344 | 293 | 66 | 0 | 0 | 0 |
Prepaid expenses and other assets | ||||||||||
-86 | -169 | 0 | 51 | 54 | 131 | 254 | 248 | 0 | 0 | 0 |
Accounts payable, accrued liabilities and deposits | ||||||||||
-295 | 76 | 187 | 418 | 392 | 638 | 501 | 671 | 0 | 0 | 0 |
Due to related persons | ||||||||||
-326 | 131 | -10 | 238 | 1,106 | 620 | 92 | -226 | 0 | 0 | 0 |
Net cash provided by operating activities | ||||||||||
4,784 | 3,727 | 2,989 | 819 | -1,333 | -1,649 | -2,419 | -1,981 | 0 | 0 | 0 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||
Origination of loans held for investment | ||||||||||
131,435 | 149,802 | 173,091 | 226,407 | 179,653 | 135,548 | 81,519 | 28,203 | 0 | 0 | 0 |
Additional funding of loans held for investment | ||||||||||
10,776 | 8,268 | 4,835 | 3,148 | 668 | 0 | 0 | 0 | 0 | - | - |
Net cash used in investing activities | ||||||||||
-88,601 | -104,460 | -124,316 | -229,555 | -180,321 | -135,548 | -81,519 | -28,424 | 0 | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||
Proceeds from master repurchase facility | ||||||||||
126,206 | 127,266 | 143,982 | 165,565 | 104,448 | 72,582 | 21,583 | 0 | 0 | 0 | 0 |
Proceeds from note payable | ||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 |
Payments of deferred financing costs | ||||||||||
411 | 359 | 680 | 949 | 613 | 1,378 | 1,045 | 770 | 0 | 0 | 0 |
Proceeds from issuance of common shares, net | ||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 |
Repurchase of common shares | ||||||||||
41 | 39 | 0 | 0 | 0 | - | - | - | - | - | - |
Distributions | ||||||||||
6,130 | 4,667 | 2,854 | 1,052 | 350 | 0 | 0 | 0 | 0 | - | - |
Net cash provided by financing activities | ||||||||||
79,696 | 82,273 | 100,480 | 209,394 | 135,147 | 102,866 | 52,185 | 61,214 | 0 | 0 | 0 |
Increase (decrease) in cash, cash equivalents and restricted cash | ||||||||||
-4,121 | -18,460 | 0 | 0 | 0 | - | - | - | - | - | - |
Decrease in cash, cash equivalents and restricted cash | ||||||||||
- | - | - | - | - | - | - | - | 0 | - | 0 |
SUPPLEMENTAL DISCLOSURES: | ||||||||||
Interest paid | ||||||||||
6,593 | 6,269 | 5,616 | 4,173 | 2,360 | 1,024 | 0 | 0 | 0 | - | - |