| Schedule of Operating Financial Results of Our Operating Segment |
The following tables provide the operating financial results of our operating segments for the three months ended September 30, 2026 and September 30, 2025:
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For the three months ended September 30, 2026 |
|
(in thousands) |
Alternative Credit |
|
|
Real Estate |
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Total Segments |
|
|
Corporate & Other |
|
|
Total |
|
Revenues |
$ |
1,334 |
|
|
$ |
2,004 |
|
|
$ |
3,338 |
|
|
$ |
- |
|
|
$ |
3,338 |
|
Cost of revenues |
|
- |
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|
- |
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|
- |
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- |
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|
|
- |
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Operating expenses: |
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Compensation and benefits |
|
1,283 |
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|
2,858 |
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|
4,141 |
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|
|
893 |
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|
|
5,034 |
|
Depreciation and amortization |
|
40 |
|
|
|
244 |
|
|
|
284 |
|
|
|
21 |
|
|
|
305 |
|
Selling, general and administrative |
|
301 |
|
|
|
612 |
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|
|
913 |
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|
574 |
|
|
|
1,487 |
|
Non-operating income/(expenses): |
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Dividends and interest income |
|
1 |
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|
5 |
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|
6 |
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|
|
1,189 |
|
|
|
1,195 |
|
Interest expense |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(1,055 |
) |
|
|
(1,055 |
) |
Net realized and unrealized loss |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(803 |
) |
|
|
(803 |
) |
Loss before income taxes |
|
(289 |
) |
|
|
(1,705 |
) |
|
|
(1,994 |
) |
|
|
(2,157 |
) |
|
|
(4,151 |
) |
Income tax benefit |
|
- |
|
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|
- |
|
|
|
- |
|
|
|
5 |
|
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|
5 |
|
Net loss |
$ |
(289 |
) |
|
$ |
(1,705 |
) |
|
$ |
(1,994 |
) |
|
$ |
(2,152 |
) |
|
$ |
(4,146 |
) |
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For the three months ended September 30, 2025 |
|
(in thousands) |
Alternative Credit |
|
|
Real Estate |
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|
Total Segments |
|
|
Corporate & Other |
|
|
Total |
|
Revenues |
$ |
1,580 |
|
|
$ |
9,208 |
|
|
$ |
10,788 |
|
|
$ |
- |
|
|
$ |
10,788 |
|
Cost of revenues |
|
- |
|
|
|
6,748 |
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|
|
6,748 |
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|
- |
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|
6,748 |
|
Operating expenses: |
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|
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Compensation and benefits |
|
1,607 |
|
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|
2,793 |
|
|
|
4,400 |
|
|
|
837 |
|
|
|
5,237 |
|
Depreciation and amortization |
|
69 |
|
|
|
273 |
|
|
|
342 |
|
|
|
- |
|
|
|
342 |
|
Selling, general and administrative |
|
416 |
|
|
|
682 |
|
|
|
1,098 |
|
|
|
1,089 |
|
|
|
2,187 |
|
Non-operating income/(expenses): |
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|
|
|
|
|
|
|
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|
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Dividends and interest income |
|
- |
|
|
|
15 |
|
|
|
15 |
|
|
|
1,223 |
|
|
|
1,238 |
|
Interest expense |
|
- |
|
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|
- |
|
|
|
- |
|
|
|
(1,028 |
) |
|
|
(1,028 |
) |
Net realized and unrealized loss |
|
- |
|
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|
- |
|
|
|
- |
|
|
|
(2,861 |
) |
|
|
(2,861 |
) |
Net realized and unrealized loss on investments of Consolidated Funds |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(1,808 |
) |
|
|
(1,808 |
) |
Interest and other income of Consolidated Funds |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
352 |
|
|
|
352 |
|
Loss before income taxes |
|
(512 |
) |
|
|
(1,273 |
) |
|
|
(1,785 |
) |
|
|
(6,048 |
) |
|
|
(7,833 |
) |
Income tax expense |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(71 |
) |
|
|
(71 |
) |
Net loss |
$ |
(512 |
) |
|
$ |
(1,273 |
) |
|
$ |
(1,785 |
) |
|
$ |
(6,119 |
) |
|
$ |
(7,904 |
) |
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