v3.26.3
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
REVENUES    
Total Revenues $ 6,442,463 $ 8,854,882
COST OF REVENUES    
Broker Underwriting Expense 236,430 1,289,684
Administrative Expenses 776,308 1,131,931
Total Cost of Revenues 1,012,738 2,421,615
GROSS PROFIT 5,429,725 6,433,267
OPERATING EXPENSES    
Office 1,583,117 1,307,189
Compensation and Related Benefits 1,827,579 1,898,099
Professional & Legal 617,493 458,575
Advertising 65,360 62,940
Depreciation 921,699 916,098
Total Expenses 5,015,248 4,642,901
Income From Operations 414,477 1,790,366
Other Income (Expense)    
Unrealized Gain (Loss) on Mortgages 2,115,977 (972,647)
Unrealized Loss on Mortgage Secured Notes (15,519) (29,541)
Unrealized (Loss) Gain on Investment (27,605) 1,496
Interest Income 13,895
Interest Expense (1,670,758) (1,033,443)
Realized Gain on Foreclosure 5,557,032
Realized Loss on Loans Held for Sale (4,417)
Realized Gain on Securities 58,666
Employee Retention Credit 45,000
Change in Fair Value of Mortgage Secured Notes 9,000,000
Loss on Foreclosures (9,000,000)
Total Other Income 402,095 3,636,041
Income before provision for income taxes 816,572 5,426,407
Provision for income taxes 214,400 1,360,049
Net Income 602,172 4,066,358
Less: Net Income attributable to non-controlling interest 386,631 81,198
Net Income attributable to Korth Direct Mortgage, Inc 215,541 3,985,160
Series A Preferred Dividends 345,000 345,000
Series B Preferred Dividends 617,500 617,500
Net (Loss) Income attributable to common stockholders (746,959) 3,022,660
Origination Revenue [Member]    
REVENUES    
Total Revenues 594,248 1,578,779
Service [Member]    
REVENUES    
Total Revenues 1,407,393 2,263,827
Underwriting Income [Member]    
REVENUES    
Total Revenues 30,200 12,750
Leasing Revenue [Member]    
REVENUES    
Total Revenues 2,342,697 3,181,453
Investment Interest [Member]    
REVENUES    
Total Revenues 1,734,082 1,564,298
Other Revenue [Member]    
REVENUES    
Total Revenues $ 333,843 $ 253,775