| 4. |
Real
Estate Investment Assets |
During
the quarter ended June 30, 2026, the Company purchased five real estate development lots for $1,960.
During
the six months ended June 30, 2026, the Company sold one asset for sale proceeds of $169 and a loss on sale of $3.
The
following table is a roll forward of real estate investment assets:
Schedule of Roll Forward of Real Estate Investment Assets
| | |
Six Months Ended June 30, 2026 | | |
Year Ended December 31, 2025 | | |
Six Months Ended June 30, 2025 | |
| | |
| | |
| | |
| |
| Beginning balance | |
$ | 169 | | |
$ | 13,529 | | |
$ | 13,529 | |
| Proceeds from disposal of 339 | |
| – | | |
| (9,876 | ) | |
| – | |
| Gain on sale of real estate investments | |
| – | | |
| 276 | | |
| – | |
| Loss on sale of real estate investments | |
| (3 | ) | |
| – | | |
| – | |
| Proceeds from the sale of real estate investments | |
| (169 | ) | |
| (4,956 | ) | |
| (2,805 | ) |
| Real estate investments transferred from loan receivables, net | |
| 1,935 | | |
| – | | |
| – | |
| Investments in real estate assets | |
| 25 | | |
| – | | |
| – | |
| Additions for construction/development | |
| 4 | | |
| 1,196 | | |
| 870 | |
| Ending balance | |
$ | 1,961 | | |
$ | 169 | | |
$ | 11,594 | |
Capitalized
Interest Activity
The
following table is capitalized interest included in additions for construction/development for real estate investment assets:
Schedule of Capitalized Interest for Construction/Development Real Estate Investment Assets
| | |
June 30, 2026 | | |
June 30, 2025 | |
| Capitalized interest | |
$ | 1 | | |
$ | 463 | |
| Cost of funds | |
| 9.39 | % | |
| 10.01 | % |
The
capitalized interest is included within real estate investment assets on the consolidated balance sheet.
|