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YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
compensation
We amortize the grant date fair value of restricted stock as expense on a straight-line basis over the service period with an offsetting increase in stockholders' equity. The grant dat... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(i) under our Board approval to repurchase up to $300.0 million in shares of our common stock and (ii) upon our withholding of shares of our common stock to satisfy tax withholding obligations in co... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
a Termination and Transition Agreement (the “Termination Agreement”), pursuant to which the Company and Front Yard have agreed to effectively internalize the asset management function of Front Yard.... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
with the operation of Front Yard's business.
The transition period ended at the close of business, December 31, 2020, the time that AAMC and Front Yard mutually agreed that all required transition ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
million.
Altisource Asset Management Corp had no assets and liabilities related to our discontinued operations that constituted the Disposal Group at December 31, 2022.
The following table details... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
31,
2021
Total operating cash flows from discontinued operations
5,439
Total investing cash flows from discontinued operations
511
Total financing cash flows from discontinued operations
80
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2
December 31, 2021
Total loan commitments
15,080
98,157
Less: construction holdbacks (1)
(3,350)
(13,188)
Total principal outstanding
11,730
84,969
Change in fair value of loans
(137)
(... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ations
8,843
Additional fundings
3,857
10,794
Interest receivable
91
1,262
Payoffs and repayments
(1,061)
(26,174)
Fair value adjustment
(137)
(1,826)
Balance at
December 31, 2022
11,... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
.1
Washington
6,215
5.5
Connecticut
4,374
3.9
Texas
4,815
4.3
Illinois
4,357
3.8
Other
13,924
12.3
Total
113,237
100.0
For financial reporting purposes of our alternative loans, we... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
or distressed sale.
In certain cases, inputs used to measure fair value fall into different levels of the fair value hierarchy. In such cases, the level at which the fair value measurement falls i... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
on a recurring basis as of December 31, 2022.
December 31, 2022
Carrying
Fair Value Measurements Using
(In thousands)
Value
Level 1
Level 2
Level 3
Assets
Loans held for sale
11,593
11,5... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
flows for performing loans with construction holdbacks incorporate the draws to complete the required improvements to the underlying property securing the loan. For nonaccrual loans, the estimated c... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
business purpose loans in conjunction with the increase in rates for other underlying base rates such as the 10-year U.S. treasury bond and the 30 day Secured Overnight Financing Rate ("SOFR") (Leve... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
period
8,347
8,347
Front Yard common stock:
Investment gains on securities sold during the period
146
146
Total change in fair value of equity securities and Front Yard common stock
8,493
I... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
. In the preceding table, investment gains/losses on equity securities sold during the period reflect the difference between the sales proceeds and the fair value of the equity securities sold at the... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
NexBank Line. The NexBank Line's maturity is 364 days from the execution date. The carrying value of the NexBank Line approximates its fair value as of December 31, 2022 due to its short-term natu... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
insolvency proceedings and other events of default which are customary for this type of transaction. The remedies for such events of default include the acceleration of the principal amount outstand... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
on the Flagstar Line can be outstanding up to 180 days. Flagstar has a security interest in the Loans subject to a transaction under the Flagstar Line and requires the Company to maintain restricted... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2) quarter-end liquidity; 3) a quarter-end ratio of total liabilities to tangible net worth; and 4) minimum profitability requirements in 2023. The Flagstar Line also contains events of default (subj... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
a standard margin arrangement with our banking institution. The margin account was secured by the securities held in our brokerage account with this institution. We paid interest on all of our borro... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
%, respectively, to our office leases. We determined the discount rate for each lease to be either the discount rate stated in the lease agreement or our estimated rate that we would charge to financ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
of December 31, 2022 ($ in thousands):
Operating Lease Liabilities
2022
468
2023
330
2024
311
2025
321
2026
76
Total lease payments
1,506
Less: interest
183
Lease liabilities
1,323
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
1
– Section
Series A Convertible Preferred Stock in 2014 Private Placement.
F-22
(table of contents)
Executive Arbitrations
Former Chief Executive Officer, Indroneel Chatterjee
On May 3, 2021... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
announcement of the for cause termination. In addition, the arbitration complaint also asserts a tort claim against each of the Company’s directors relating to that termination and against the Compa... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the motion to dismiss the tort claim against each of the directors. Following the close of discovery on July 11, 2022, the Company moved for summary judgment seeking dismissal of Mr. Chatterjee's re... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
arbitrator found that Mr. Chatterjee engaged in serious and repeated misconduct, attempting to perpetrate a fraud on the arbitrator and the Company and accordingly
Erbey Holding Corporation et al. ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
L.P. (“Munus”), Carisma Trust (“Carisma”), by its trustee, Venia, LLC, and Tribue Limited Partnership (collectively, the “Plaintiffs”) each on its own behalf and Salt Pond and Carisma derivatively o... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
rock and PIMCO to harm Ocwen Financial Corporation (“Ocwen”) and AAMC and certain of their subsidiaries, affiliates and related companies and to extract enormous profits at the expense of Ocwen and A... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
enced and Corrupt Organizations Act, punitive damages and an award of attorney’s and other fees and expenses.
Defendants have moved to dismiss the first amended verified complaint on various alleged... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
. Plaintiffs have repeatedly requested the Court to decide the pending motions and issue a scheduling order permitting discovery to proceed.
On October 11, 2022, the Court appointed a Staff Master ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
would need to be confirmed or rejected by the Court) could be expected in late March or early April, 2023.
At this time, we are not able to predict the ultimate outcome of this matter, nor can we e... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
to 200% of base salary. The officer's actual incentive payment for the year is determined by (i) the Company's performance versus the objectives established by our Board of Directors (80%) and (ii) ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
its discretion may determine.
2012 Special Equity Incentive Plan
A special grant of stock options and restricted stock was made to certain employees of Altisource Portfolio Solutions N.A. (“ASPS”)... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
to the statutory minimum to satisfy the resulting employee tax obligation.
Stock options
During the years ended December 31, 2022 and 2021, we recorded zero and approximately $21,000 compensation ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
_
(1)
1,000 stock options expired on July 18, 2021 and 375 expired on July 21, 2021. All forfeited and expired options had a weighted average exercise price of $12.87.
(2)
5,850 stock options wer... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
weighted average remaining life of 0.2 years and intrinsic value of $0.1 million. All options were exercised in March 2022.
Restricted stock
During the year ended December 31, 2022, we granted a ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Average Grant Date Fair Value
December 31, 2020
129,380
24.32
Granted
97,907
25.77
Vested (1)
(162,051)
14.50
Forfeited/expired
(50,000)
14.35
December 31, 2021
15,236
23.15
Granted
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
and $2.1 million, respectively.
The following table sets forth the number of shares of common stock reserved for future issuance. We may issue new shares or issue shares from treasury shares upon t... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(“EDC”) and received our certificate of benefits (“the EDC Certificate”), effective as of February 1, 2013. Pursuant to the Certificate, so long as we comply its provisions, we will receive a 90% ta... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
and Chief Operating Officer, now Chief Executive Officer, in May 2022, and he has relocated to the USVI.
Beginning on January 1, 2017, AAMC US, Inc., a domestic U.S. corporation and wholly-owned su... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
of contents)
The provision (benefit) for income taxes from continuing operations is summarized as follows ($ in thousands):
Year ended December 31,
2022
2021
Current
Federal
195
4,378
State... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Net operating losses (1)
1,109
637
Lease liabilities
54
14
Other
76
Gross deferred tax assets
1,325
678
Deferred tax liability:
Right-of-use lease assets
53
13
Investments
Gross defer... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the Consolidated Statement of Cash Flows. The significant factors contributing to the increase in our valuation allowance in 2022 are due to increases in the temporary differences attributable to ne... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
in cumulative three-year book losses as of December 31, 2022. Altisource Asset Management Corp believes that it is more likely than not that the Company will not realize the benefit of its net defe... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
VI
(19.5)
(48.2)
Foreign tax rate differential
(0.2)
(0.2)
Subpart F income
(18.5)
Permanent and other
(0.5)
(1.6)
Share-based compensation
(0.2)
Valuation allowance
(4.9)
(4.8)
Forei... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
or associated interest and penalties.
AAMC believes that the tax positions taken in the AAMC tax returns satisfy the more-likely-than-not threshold for benefit recognition. Furthermore, a review of... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
tax years 2019 to 2022.
F-28
(table of contents)
11. Earnings Per Share
The following table sets forth the components of diluted loss per share (in thousands, except share and per share amounts)... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Total:
Net loss
(15,934)
(6,004)
Gain on preferred stock transactions
5,122
87,961
Numerator for basic and diluted EPS - net income attributable to common stockholders
(10,812)
81,957
Denom... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
loss) per share of common stock – diluted:
Continuing operations - diluted
(5.64)
35.03
Discontinued operations - diluted
2.87
Earnings per diluted common share
(5.64)
37.90
We excluded the ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
to institutional investors. Because substantially all of our revenue was derived from the services we provided to Front Yard, we previously operated as a single segment focused on providing asset ma... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
3125
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
5100 Tamarind Reef
Christiansted, U.S. Virgin Islands 00820
(Address of principal executi... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
Large Accelerated Filer
Accelerated Filer
Non... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, 2023, 1,758,421 shares of our common stock were outstanding (excluding 1,675,873 shares held as treasury stock).
Altisource Asset Management Corporation
March 31, 2023
Table of Contents
Part I
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Item 4. Controls and procedures
21
Part II
22
Item 1. Legal proceedings
22
Item 1A. Risk factors
22
Item 2. Unregistered sales of equity securities and use of proceeds
22
Item 3. Defaults u... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Form 10-Q contain, and our officers, directors and authorized spokespersons may make, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “S... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
trends and that do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions.
The forward-looking statements containe... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Stock (the “Series A Shares”), including our ability to obtain declaratory relief confirming that we were not obligated to redeem any of the Series A Shares on the March 15, 2020 redemption date if ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
including the current rising interest rate environment and developments in the credit market;
Access to existing and new debt capital to continue to fund our origination and acquisition platforms;
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
in underlying assumptions, new information or otherwise. For a further discussion of these and other factors that could cause our future results to differ materially from any forward-looking stateme... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
13(a) or 15(d) of the U.S. Securities Exchange Act of 1934, as well as proxy statements, as soon as reasonably practicable after we electronically file such material with, or furnish it to, the U.S.... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
defined in the Code). In addition, our website includes information concerning purchases and sales of our equity securities by our executive officers and directors, as well as disclosure relating to... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Reef, Christiansted, USVI 00820, Attn: Investor Relations, telephone 1-704-275-9113, email: IR@AltisourceAMC.com. We use our website (www.altisourceamc.com) and may use other social media channels,... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
The information on our website and those social media channels is not incorporated by reference into this Form 10-Q.
iii
(table of contents)
Part I
Item 1. Financial statements (unaudited)
Alti... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
10,137
Total assets
103,318
117,647
LIABILITIES AND EQUITY
Liabilities
Accrued expenses and other liabilities
8,862
10,349
Lease liabilities
1,232
1,323
Credit facilities
43,234
51,653
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2022, respectively.
144,212
144,212
Stockholders' deficit:
Common stock, $0.01 par value, 5,000,000 authorized shares; 3,434,294 and 1,758,421 shares issued and outstanding, respectively, as of ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
31, 2023 and 1,648,432 shares as of December 31, 2022.
(281,974)
(280,470)
Total stockholders' deficit
(94,222)
(89,890)
Total Liabilities and Equity
103,318
117,647
See accompanying notes t... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
enses:
Salaries and employee benefits
1,864
924
Legal fees
441
1,357
Professional fees
480
266
General and administrative
934
729
Servicing and asset management expense
183
Acquisition... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
stockholders
(2,988)
(3,697)
Gain on preferred stock transaction
5,122
Numerator for earnings per share
(2,988)
1,425
(Loss) income per share of common stock – Basic:
(Loss) income per basi... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Corporation
Condensed Consolidated Statements of Comprehensive Income (Loss)
(In thousands)
(Unaudited)
Three months ended March 31,
2023
2022
Net loss:
(2,988)
(3,697)
Other comprehensive... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
of Shares
Amount
December 31, 2022
3,432,294
34
149,010
41,516
20
(280,470)
(89,890)
Common shares issued under share-based compensation plans, net of shares withheld for employee taxes
2... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Comprehensive Income (Loss)
Treasury Stock
Total Stockholders' Deficit
Number of Shares
Amount
December 31, 2021
3,416,541
34
143,523
57,450
54
(277,589)
(76,528)
Common shares issued u... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
48
(277,589)
(75,012)
See accompanying notes to condensed consolidated financial statements.
(table of contents)
Altisource Asset Management Corporation
Condensed Consolidated Statements of Cas... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
loans
(1,817)
Additional fundings of held for sale loans
(1,202)
Proceeds from sales of loans held for sale
1,087
Principal payments on loans held for sale
116
Interest receivable
340
Amor... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
)
Net cash provided by (used in) investing activities
17,974
(17,723)
Financing activities:
Conversion of preferred stock
(1,893)
Proceeds from borrowed funds
23,370
Repayment of borrowed fu... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ated cash, cash equivalents and restricted cash, end of the period
13,885
54,370
See accompanying notes to condensed consolidated financial statements.
(table of contents)
Altisource Asset Manag... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
3
2022
Supplemental disclosure of cash flow information:
Cash paid for interest
900
Income taxes paid
48
See accompanying notes to condensed consolidated financial statements.
(table of conte... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the Alternative Lending Group (“ALG”), a wholly-owned subsidiary of the Company, to generate alternative private credit loans through Direct to Borrower Lending, Wholesale Originations, and Correspo... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, and their subsequent sale or securitization as well as net interest income from loans while held on the balance sheet.
Basis of presentation and use of estimates
The accompanying unaudited conden... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
consolidated financial statements presented in this Quarterly Report on Form 10-Q as permitted by SEC rules and regulations. These condensed consolidated financial statements should be read in conju... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
will either be classified as held for investment or held for sale depending upon the determination of management. We have elected to measure these alternative loans at fair value on a loan by loan b... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
orderly transaction would occur between willing market participants at the measurement date. Loans under contract for sale are valued at the agreed sales price. We estimate the fair values of the ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
operating at normal activity levels and/or transactions were orderly; that is, to determine the current exit price.
See
Note 2
for further discussion on fair value measurements.
Interest for the... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
held for investment, at fair value in the Condensed Consolidated Balance Sheets as applicable.
Redeemable Preferred stock
Issuance of Series A Convertible Preferred Stock in 2014 Private Placement... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
held by such holder out of legally available funds. In accordance with the terms of the Certificate, if we have legally available funds to redeem all, but not less than all, of the Series A Shares r... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
so for cash at a price equal to $1,000 per share (the issuance price) out of funds legally available therefor. Due to the redemption provisions of the Series A Preferred Stock, we classify these sha... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
be entitled to receive an amount in cash per Series A Share equal to the greater of:
(i) $1,000 plus the aggregate amount of cash dividends paid on the number of shares of common stock into which ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Shares rank senior to our common stock and on parity with all other classes of preferred stock that may be issued by us in the future.
The Series A Shares are recorded net of issuance costs, which ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, under the terms of the Certificate, that we were obligated to redeem any of the Series A Shares under the Certificate.
Current Litigation
Luxor (plaintiff) v. AAMC (defendant)
On February 3, 202... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Shares, recovery of no less than $144,212,000 in damages, which is equal to the amount Luxor would receive if AAMC redeemed all of Luxor’s Series A Shares at the redemption price of $1,000 per share... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
. On June 12, 2020, AAMC moved to dismiss the Amended Complaint in favor of AAMC’s first-filed declaratory judgment action in the U.S. Virgin Islands. On August 3, 2020, the court denied AAMC’s motio... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
15, 2022. On December 1, 2022, having heard oral arguments on the summary judgment motions, the court denied both parties’ motions.
AAMC and Luxor have filed an appeal and cross-appeal, respectivel... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
)
On October 31, 2022, AAMC filed a complaint with demand for jury trial in the Superior Court of the Virgin Islands, Division of St. Croix, against Nathaniel Redleaf alleging breach of fiduciary du... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
District Court of the Virgin Islands, Division of St. Croix.
On February 28, 2023, defendant Redleaf filed a motion to dismiss the complaint. On April 25, 2023, the Magistrate Judge issued an orde... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
million of liquidation preference) held by Wellington
, and in return Wellington agreed to release AAMC from all claims related to the Series A Shares
. As a result of this settlement, we recognize... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
one-time gain directly to Additional paid in capital of approximately $5.1 million in the first quarter of 2022.
On July 18, 2022, the Company entered into an agreement (the "Purchase Agreement") w... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
also agreed to terminate all of Putnam's shareholder voting obligations included in the Putnam Agreement.
Recently issued accounting standards
For a discussion of our recently issued accounting st... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
($ in thousands):
Held for Sale
Held for Investment
March 31, 2023
December 31, 2022
March 31, 2023
December 31, 2022
Total loan commitments
16,840
15,080
75,186
98,157
Less: constructio... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
,143
(1) Construction holdbacks include in process accounts such as payments, advances, interest reserve, accrued interest and other accounts.
The table below represents activity within the loan po... |
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