INCOME OPPORTUNITY REALTY INVESTORS INC TX
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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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.
Sep 30, 2024 · Filed Nov 7, 2024
IOR$18.52+2.9%Stored close · as of Oct 26, 2026
Contents
Item 1. Consolidated Statements of Operations for the three and nine months ended September 30, 2024 and 2023
CONSOLIDATED STATEMENTS OF OPERATIONS
(dollars in thousands, except per share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Other income | $— | $— | $— | $— |
| Expenses: | ||||
| General and administrative (including $11 and $54 for the three months ended September 30, 2024 and 2023, respectively, and $34 and $196 for the nine months ended September 30, 2024 and 2023, respectively, from related parties) | 71 | 91 | 230 | 385 |
| Advisory fee to related party | 26 | 346 | 76 | 1,045 |
| Total operating expenses | 97 | 437 | 306 | 1,430 |
| Net operating loss | (97) | (437) | (306) | (1,430) |
| Interest income from related parties | 1,614 | 2,516 | 4,785 | 7,160 |
| Income tax provision | (319) | (436) | (941) | (1,203) |
| Net income | $1,198 | $1,643 | $3,538 | $4,527 |
| Earnings per share - basic and diluted | $0.29 | $0.39 | $0.87 | $1.09 |
| Weighted average common shares used in computing earnings per share | 4,070,327 | 4,168,414 | 4,085,134 | 4,168,414 |
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