Sachem Capital Corp

For the period ended Dec 31, 2023. Filed Apr 1, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 1, 2024

SACH$0.82+0.3%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Changes in Shareholders’ Equity

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


· · · · · · · · · · · · · · · Accumulated · · · · ·
· · · · · · · · · · · · Additional · · Other · · · · ·
· · Preferred Stock · · Common Stock · · Paid in · · Comprehensive · · Accumulated · · ·
· Shares · Amount · Shares · Amount · Capital · Income (Loss) · Deficit · Totals

Balance, December 31, 2021	1,903,000	$1,903	32,730,004	$32,730	$185,516,394	$(476,016)	$(4,992,450)	$180,082,561

Issuance of Series A Preferred Stock, net of expenses	—	—	—	—	(70,000)	—	—	(70,000)

Issuance of Common Shares, net of expenses	—	—	7,879,907	7,880	39,284,065	—	—	39,291,945

Acquisition of Urbane Capital, LLC	—	—	300,000	300	995,700	—	—	996,000

Exercise of warrants	—	—	19,658	20	(20)	—	—	—

Stock based compensation	—	—	163,967	164	494,851	—	—	495,015

Unrealized loss on investments	—	—	—	—	—	(85,474)	—	(85,474)

Dividends paid on Common Shares	—	—	—	—	—	—	(14,882,122)	(14,882,122)

Dividends paid on Series A Preferred Stock	—	—	—	—	—	—	(3,687,062)	(3,687,062)

Dividends declared	—	—	—	—	—	—	(5,342,160)	(5,342,160)

Net income	—	—	—	—	—	—	20,908,651	20,908,651

Balance, December 31, 2022	1,903,000	1,903	41,093,536	41,094	226,220,990	(561,490)	(7,995,143)	217,707,354

Cumulative effect of adoption of new accounting principle (ASU 2016-13)	—	—	—	—	—	—	(2,489,574)	(2,489,574)

Issuance of Series A Preferred Stock, net of expenses	126,923	127	—	—	2,563,683	—	—	2,563,810

Issuance of Common Shares, net of expenses	—	—	5,546,891	5,546	20,445,328	—	—	20,450,874

Repurchase of Common Shares	—	—	(71,000)	(71)	(226,256)	—	—	(226,327)

Stock based compensation	—	—	196,056	196	822,035	—	—	822,231

Unrealized gain on investments	—	—	—	—	—	877,104	—	877,104

Dividends paid on Common Shares	—	—	—	—	—	—	(16,590,340)	(16,590,340)

Dividends paid on Series A Preferred Stock	—	—	—	—	—	—	(3,795,389)	(3,795,389)

Dividends declared	—	—	—	—	—	—	(5,144,203)	(5,144,203)

Net income	—	—	—	—	—	—	15,899,153	15,899,153
Balance, December 31, 2023	2,029,923	$2,030	46,765,483	$46,765	$249,825,780	$315,614	$(20,115,496)	$230,074,693

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.