Company research
Korth Direct Mortgage Inc.
CIK 1695963Updated Jul 17, 2026
Name history
Korth Direct Mortgage LLC · through May 14, 2019
Filing activity
Latest filing
7 filings on record · 10-Q, NT 10-Q, 10-K, NT 10-K/A, 8-K.
Recent filings
Show 2 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 380,854,013Source | 521,851,543Source | 549,337,262Source | 507,549,161Source |
| Property, Plant and Equipment, NetUSD | 69,691,129Source | 31,922,404Source | 17,674,959Source | 18,172,304Source |
| GoodwillUSD | 110,000Source | 110,000Source | 110,000Source | 110,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 10,267,753Source | 18,330,119Source | 21,701,808Source | 18,360,430Source |
| Operating Lease, Right-of-Use AssetUSD | 560,599Source | 270,281Source | 501,715Source | 723,179Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 351,145,614Source | 491,085,887Source | 519,268,704Source | 475,185,200Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 5,000Source | 5,000Source | 5,000Source | 5,000Source |
| Additional Paid in CapitalUSD | 29,685,818Source | 29,632,262Source | 29,578,706Source | 25,626,614Source |
| Retained Earnings (Accumulated Deficit)USD | -5,669,795Source | -3,325,687Source | 293,220Source | 6,493,385Source |
| Liabilities and EquityUSD | 380,854,013Source | 521,851,543Source | 549,337,262Source | 507,549,161Source |
| Deferred Income Tax Liabilities, NetUSD | 1,478,632Source | 1,378,721Source | 2,012,419Source | 3,337,261Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 5,686,897Source | 4,453,602Source | 191,153Source | — |
| Additional Financial Items | ||||
| Deferred Revenue, CurrentUSD | 1,076,253Source | 1,958,967Source | 1,725,803Source | 1,593,869Source |
| Deferred Tax Liabilities, NetUSD | 3,030,756Source | 2,818,147Source | 2,863,491Source | 3,891,260Source |
| Dividends PayableUSD | 273,232Source | 273,232Source | 273,232Source | 273,232Source |
| Long-term DebtUSD | 319,683,008Source | 450,264,519Source | 485,154,510Source | 454,883,011Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 368,295Source | -1,509,728Source | -4,382,655Source | 3,586,481Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 1,807,068Source | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 53,556Source | 53,556Source | 56,252Source | 171,282Source |
| Deferred Income Tax Expense (Benefit)USD | — | -633,698Source | -1,324,842Source | 1,287,040Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -14,272,132Source | -5,448,106Source | 1,335,323Source | 902,008Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 7,688,874Source | -76,853Source | -24,945Source | -73,921Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 1,326,290Source | 76,853Source | 24,945Source | 73,921Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -1,479,108Source | 2,153,270Source | 2,031,000Source | -1,949,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 10,267,753Source | 18,330,119Source | 21,701,808Source | 18,360,430Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 2,186,170Source | 689,129Source | 734,813Source | 1,353,881Source |
| Income Taxes Paid, NetUSD | — | — | — | 91,708Source |
| Additional Financial Items | ||||
| DepreciationUSD | 1,807,068Source | 1,242,793Source | 665,551Source | 117,704Source |
| Dividends PayableUSD | 273,232Source | 273,232Source | 273,232Source | 273,232Source |
| GoodwillUSD | 110,000Source | 110,000Source | 110,000Source | 110,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 2,686,406Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | -450,841Source | -1,102,309Source | 1,023,439Source |
| Income Tax Expense (Benefit)USD | 126,363Source | -633,698Source | -1,324,842Source | 1,287,040Source |
| Net Income (Loss) Attributable to ParentUSD | -419,108Source | -1,693,907Source | -4,335,165Source | 3,347,838Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 787,403Source | 184,179Source | -47,490Source | 238,643Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 368,295Source | -1,509,728Source | -4,382,655Source | 1,607,939Source |
| Nonoperating Income (Expense)USD | -2,191,747Source | -1,125,950Source | -5,350,589Source | 4,131,772Source |
| Operating ExpensesUSD | 10,533,839Source | 9,533,115Source | 6,943,777Source | 6,048,185Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 17,235,523Source | — | — | 9,862,033Source |
| Unrealized Gain (Loss) on InvestmentsUSD | 25,682Source | — | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 17,235,522Source | 12,067,657Source | 9,840,590Source | 9,862,033Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | 2,686,405Source | -1,017,476Source | -356,908Source | 741,749Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 494,658Source | -2,143,426Source | -5,707,497Source | 4,873,521Source |
| Income Tax Expense (Benefit)USD | 126,363Source | -633,698Source | -1,324,842Source | 1,287,040Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 787,403Source | 184,179Source | -47,490Source | 238,643Source |
| Net Income (Loss) Attributable to ParentUSD | -419,108Source | -1,693,907Source | -4,335,165Source | 3,347,838Source |
| Additional Financial Items | ||||
| Costs and ExpensesUSD | 10,533,839Source | — | — | — |
| Debt Securities, Gain (Loss)USD | 59,457Source | — | -129,009Source | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 1,052,486Source | 742,949Source | — | — |
| Gross ProfitUSD | 13,220,244Source | 8,515,639Source | 6,586,869Source | 6,789,934Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 2,686,406Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | -450,841Source | -1,102,309Source | 1,023,439Source |
| Interest ExpenseUSD | 2,300,779Source | 1,802,786Source | 1,324,770Source | 1,344,907Source |
| Labor and Related ExpenseUSD | 4,098,923Source | 4,511,675Source | 4,306,667Source | 4,237,661Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 368,295Source | -1,509,728Source | -4,382,655Source | 1,607,939Source |
| Nonoperating Income (Expense)USD | -2,191,747Source | -1,125,950Source | -5,350,589Source | 4,131,772Source |
| Operating ExpensesUSD | 10,533,839Source | 9,533,115Source | 6,943,777Source | 6,048,185Source |
| Other General and Administrative ExpenseUSD | — | — | — | 501,923Source |
| Preferred Stock Dividends and Other AdjustmentsUSD | 690,000Source | 690,000Source | 630,000Source | 450,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 17,235,523Source | — | — | 9,862,033Source |