Sunrise Realty Trust Inc
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
SUNS$6.97+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows for the year ended
CONSOLIDATED STATEMENT OF CASH FLOWS
| Year ended December 31, | Period from August 28, 2023 to December 31, 2023 | |
|---|---|---|
| Operating activities: | ||
| Net income | $6,868,421 | $234,622 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Provision for (reversal of) current expected credit losses | 40,180 | — |
| Amortization of deferred financing costs | 41,455 | — |
| Accretion of deferred loan original issue discount and other discounts | (263,102) | — |
| Stock-based compensation | 326,904 | — |
| Interest drawn on loans | (5,291,615) | — |
| Changes in operating assets and liabilities: | ||
| Interest receivable | (1,138,561) | — |
| Prepaid expenses and other assets | (530,818) | — |
| Accrued interest | 131,617 | — |
| Accrued management and incentive fees | 393,063 | — |
| Accrued direct administrative expenses | 715,574 | — |
| Accounts payable and other liabilities | 347,417 | 10,000 |
| Net cash provided by (used in) operating activities | 1,640,535 | 244,622 |
| Cash flows from investing activities: | ||
| Issuance of and fundings on loans | (158,339,598) | — |
| Principal repayment of loans | 33,160,685 | — |
| Net cash (used in) provided by investing activities | (125,178,913) | — |
| Cash flows from financing activities: | ||
| Net transfers and distributions from (to) Former Parent | 80,104,097 | 31,000,000 |
| Payment of financing costs | (569,238) | — |
| Borrowings on revolving credit facilities | 248,840,000 | — |
| Repayment of revolving credit facility | (50,000,000) | — |
| Dividends paid to common shareholders | (1,454,333) | — |
| Net cash provided by (used in) financing activities | 276,920,526 | 31,000,000 |
| Net increase (decrease) in cash and cash equivalents | 153,382,148 | 31,244,622 |
| Cash and cash equivalents, beginning of period | 31,244,622 | — |
| Cash and cash equivalents, end of period | $184,626,770 | $31,244,622 |
| Supplemental disclosure of non-cash activity: | ||
| OID withheld from funding of loans | $2,085,761 | $— |
| Dividends declared and not yet paid | $2,941,964 | $— |
| Supplemental information: | ||
| Interest paid during the period | $43,197 | $— |
| Income taxes paid during the period | $— | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.