INCOME OPPORTUNITY REALTY INVESTORS INC TX
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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.
Jun 30, 2024 · Filed Aug 8, 2024
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2024-03-31; filed 2024-05-09.
0001999371-24-005847
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2024-06-30; filed 2024-08-08.
0001999371-24-009758
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 28 previous paragraphs and 30 current paragraphs.
23 unchanged; 5 reworded; 1 added; 0 removed; 0 previous and 1 current paragraphs rearranged.
Tables are not compared: 7 previous and 7 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (1)
Current report
Comparison of the six months ended June 30, 2024 to the six months ended June 30, 2023:
Reworded paragraphs (5)
Previous wording
We are an externally advised and managed company that invests in notes receivable that are collateralized by income-producing properties in the Southern United States and in the past, real property. Our current principal source of income is interest income on a note receivable from a related party.
Current wording
We are an externally advised and managed company that invests in notes receivable that are collateralized by income-producing properties in the Southern United States and in the past, real property. Our current principal source of income is interest income from related party receivables.
Previous wording
The following discussion is based on our Consolidated Financial Statements Consolidated Statement of Operations, for the three months ended March 31, 2024 and 2023 and is not meant to be an all-inclusive discussion of the changes in our net income applicable to common shares. Instead, we have focused on significant fluctuations within our operations that we feel are relevant to obtain an overall understanding of the change in income applicable to common shareholders.
Current wording
The following discussion is based on our Consolidated Financial Statements Consolidated Statement of Operations, for the three and six months ended June 30, 2024 and 2023 and is not meant to be an all-inclusive discussion of the changes in our net income applicable to common shares. Instead, we have focused on significant fluctuations within our operations that we feel are relevant to obtain an overall understanding of the change in income applicable to common shareholders.
Previous wording
Comparison of the three months ended March 31, 2024 to the three months ended March 31, 2023:
Current wording
Comparison of the three months ended June 30, 2024 to thethree months ended June 30, 2023:
Previous wording
The increase in net income is primarily due to a decrease in general, administrative and advisory fees offset in part by a decrease in interest income.
Current wording
The decrease in net income is primarily due to a decrease in interest income from related party receivables offset in part be a decrease in general, administrative and advisory fees.
Previous wording
We anticipate that our cash and cash equivalents as of March 31, 2024, along with cash that will be generated in the next twelve months from a note receivable, will be sufficient to meet all of our current cash requirements.
Current wording
We anticipate that our cash and cash equivalents as of June 30, 2024, along with cash that will be generated in the next twelve months from our related party receivables, will be sufficient to meet all of our current cash requirements.
Rearranged current paragraphs (1)
Current report — wording carried from elsewhere
The decrease in net income is primarily due to a decrease in interest income from related party receivables offset in part be a decrease in general, administrative and advisory fees.