BIMINI CAPITAL MANAGEMENT, INC.
For the period ended Mar 31, 2025. Filed May 2, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 2, 2025
BMNMStored price and day change unavailable
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets (unaudited)
BIMINI CAPITAL MANAGEMENT, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
| (Unaudited) March 31, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS: | ||
| Mortgage-backed securities, at fair value: | ||
| Pledged to counterparties | $120,805,534 | $122,093,172 |
| Unpledged | 159,590 | 254,998 |
| Total mortgage-backed securities | 120,965,124 | 122,348,170 |
| Cash and cash equivalents | 4,368,039 | 5,671,347 |
| Restricted cash | 1,132,399 | 1,751,399 |
| Orchid Island Capital, Inc. common stock, at fair value | 4,279,414 | 4,427,372 |
| Accrued interest receivable | 587,536 | 601,640 |
| Property and equipment, net | 1,826,939 | 1,845,014 |
| Deferred tax assets, net | 15,750,116 | 15,930,953 |
| Due from affiliates | 1,348,892 | 1,167,396 |
| Other assets | 1,180,843 | 1,110,366 |
| Total Assets | $151,439,302 | $154,853,657 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| LIABILITIES: | ||
| Repurchase agreements | $115,510,999 | $117,180,999 |
| Long-term debt | 27,362,762 | 27,368,158 |
| Accrued interest payable | 258,941 | 474,678 |
| Other liabilities | 932,623 | 3,008,415 |
| Total Liabilities | 144,065,325 | 148,032,250 |
| COMMITMENTS AND CONTINGENCIES (Note 9) | ||
| STOCKHOLDERS' EQUITY: | ||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized; 100,000 shares designated Series A Junior Preferred Stock, 9,900,000 shares undesignated; no shares issued and outstanding as of March 31, 2025 and December 31, 2024 | - | - |
| Class A Common stock, $0.001 par value; 98,000,000 shares designated: 10,005,457 shares issued and outstanding as of March 31, 2025 and December 31, 2024 | 10,005 | 10,005 |
| Class B Common stock, $0.001 par value; 1,000,000 shares designated, 31,938 shares issued and outstanding as of March 31, 2025 and December 31, 2024 | 32 | 32 |
| Class C Common stock, $0.001 par value; 1,000,000 shares designated, 31,938 shares issued and outstanding as of March 31, 2025 and December 31, 2024 | 32 | 32 |
| Additional paid-in capital | 329,815,150 | 329,815,150 |
| Accumulated deficit | (322,451,242) | (323,003,812) |
| Total Stockholders’ Equity | 7,373,977 | 6,821,407 |
| Total Liabilities and Stockholders' Equity | $151,439,302 | $154,853,657 |
- 1 -
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.