SEC Info℠  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Korth Direct Mortgage Inc. – ‘10-Q’ for 9/30/23 – ‘XML’

On:  Tuesday, 11/14/23, at 1:46pm ET   ·   For:  9/30/23   ·   Accession #:  1214659-23-14973   ·   File #:  333-215782

Previous ‘10-Q’:  ‘10-Q’ on 8/11/23 for 6/30/23   ·   Latest ‘10-Q’:  This Filing   ·   9 References:   

Find Words in Filings emoji
 		  in    Show  and   ↓Hints

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/14/23  Korth Direct Mortgage Inc.        10-Q        9/30/23   68:4.1M                                   Securex Filings/FA

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    633K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     21K 
 3: EX-32.1     Certification -- §906 - SOA'02                      HTML     18K 
 9: R1          Cover                                               HTML     68K 
10: R2          Unaudited Consolidated Statements of Financial      HTML    121K 
                Condition                                                        
11: R3          Unaudited Consolidated Statements of Financial      HTML     41K 
                Condition (Parenthetical)                                        
12: R4          Unaudited Consolidated Statements of Operations     HTML    117K 
13: R5          Unaudited Consolidated Statement of Changes in      HTML     68K 
                Stockholders' Equity                                             
14: R6          Unaudited Consolidated Statements of Cash Flows     HTML     94K 
15: R7          Nature of Business                                  HTML     24K 
16: R8          Summary of Significant Accounting Policies          HTML     55K 
17: R9          Contingent Liability                                HTML     26K 
18: R10         Mortgage Secured Notes Payable                      HTML     33K 
19: R11         Restricted Cash                                     HTML     29K 
20: R12         Acquisition of Rental Property                      HTML     22K 
21: R13         Commitments                                         HTML     30K 
22: R14         Indemnifications                                    HTML     21K 
23: R15         Related Party Transactions                          HTML     25K 
24: R16         Deferred Revenue, Net                               HTML     32K 
25: R17         Employee and Director Stock Options                 HTML     48K 
26: R18         Preferred Equity                                    HTML     39K 
27: R19         Fair Value                                          HTML    108K 
28: R20         Income Taxes                                        HTML     26K 
29: R21         Property and Equipment                              HTML     32K 
30: R22         Warehouse Line of Credit                            HTML     25K 
31: R23         Subsequent Events                                   HTML     24K 
32: R24         Summary of Significant Accounting Policies          HTML     97K 
                (Policies)                                                       
33: R25         Summary of Significant Accounting Policies          HTML     24K 
                (Tables)                                                         
34: R26         Contingent Liability (Tables)                       HTML     24K 
35: R27         Mortgage Secured Notes Payable (Tables)             HTML     25K 
36: R28         Commitments (Tables)                                HTML     25K 
37: R29         Deferred Revenue, Net (Tables)                      HTML     30K 
38: R30         Employee and Director Stock Options (Tables)        HTML     43K 
39: R31         Fair Value (Tables)                                 HTML     98K 
40: R32         Property and Equipment (Tables)                     HTML     25K 
41: R33         Summary of Significant Accounting Policies          HTML     27K 
                (Details)                                                        
42: R34         Summary of Significant Accounting Policies          HTML     38K 
                (Details Narrative)                                              
43: R35         Contingent Liability (Details)                      HTML     25K 
44: R36         Contingent Liability (Details Narrative)            HTML     28K 
45: R37         Mortgage Secured Notes Payable (Details)            HTML     38K 
46: R38         Mortgage Secured Notes Payable (Details Narrative)  HTML     35K 
47: R39         Restricted Cash (Details Narrative)                 HTML     45K 
48: R40         Acquisition of Rental Property (Details Narrative)  HTML     26K 
49: R41         Commitments (Details)                               HTML     33K 
50: R42         Commitments (Details Narrative)                     HTML     26K 
51: R43         Deferred Revenue, Net (Details)                     HTML     28K 
52: R44         Employee and Director Stock Options (Details)       HTML     28K 
53: R45         Employee and Director Stock Options (Details 1)     HTML     56K 
54: R46         Employee and Director Stock Options (Details        HTML     44K 
                Narrative)                                                       
55: R47         Preferred Equity (Details Narrative)                HTML     69K 
56: R48         Fair Value (Details)                                HTML     56K 
57: R49         Fair Value (Details 1)                              HTML     51K 
58: R50         Fair Value (Details 2)                              HTML     32K 
59: R51         Fair Value (Details Narrative)                      HTML     29K 
60: R52         Income Taxes (Details Narrative)                    HTML     26K 
61: R53         Property and Equipment (Details)                    HTML     33K 
62: R54         Property and Equipment (Details Narrative)          HTML     20K 
63: R55         Warehouse Line of Credit (Details Narrative)        HTML     23K 
66: XML         IDEA XML File -- Filing Summary                      XML    121K 
64: XML         XBRL Instance -- kdm11823010q_htm                    XML    817K 
65: EXCEL       IDEA Workbook of Financial Report Info              XLSX    107K 
 5: EX-101.CAL  XBRL Calculations -- cik0001695963-20230930_cal      XML    165K 
 6: EX-101.DEF  XBRL Definitions -- cik0001695963-20230930_def       XML    377K 
 7: EX-101.LAB  XBRL Labels -- cik0001695963-20230930_lab            XML    779K 
 8: EX-101.PRE  XBRL Presentations -- cik0001695963-20230930_pre     XML    603K 
 4: EX-101.SCH  XBRL Schema -- cik0001695963-20230930                XSD    145K 
67: JSON        XBRL Instance as JSON Data -- MetaLinks              391±   556K 
68: ZIP         XBRL Zipped Folder -- 0001214659-23-014973-xbrl      Zip    170K

‘XML’   —   IDEA XML File — Filing Summary

This Document is an IDEA XML File.

                                                                                                                                                                                
<?xml version="1.0" encoding="windows-1252"?>
<FilingSummary>
<Version> 3.23.3 </Version>
<ProcessingTime/>
<ReportFormat> html </ReportFormat>
<ContextCount> 113 </ContextCount>
<ElementCount> 279 </ElementCount>
<EntityCount> 1 </EntityCount>
<FootnotesReported> false </FootnotesReported>
<SegmentCount> 41 </SegmentCount>
<ScenarioCount> 0 </ScenarioCount>
<TuplesReported> false </TuplesReported>
<UnitCount> 4 </UnitCount>
<MyReports>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R1.htm </HtmlFileName>
<LongName> 00000001 - Document - Cover </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/Cover </Role>
<ShortName> Cover </ShortName>
<MenuCategory> Cover </MenuCategory>
<Position> 1 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R2.htm </HtmlFileName>
<LongName> 00000002 - Statement - UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/UnauditedConsolidatedStatementsOfFinancialCondition </Role>
<ShortName> UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION </ShortName>
<MenuCategory> Statements </MenuCategory>
<Position> 2 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R3.htm </HtmlFileName>
<LongName> 00000003 - Statement - UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/UnauditedConsolidatedStatementsOfFinancialConditionParenthetical </Role>
<ShortName> UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) </ShortName>
<MenuCategory> Statements </MenuCategory>
<Position> 3 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R4.htm </HtmlFileName>
<LongName> 00000004 - Statement - UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/UnauditedConsolidatedStatementsOfOperations </Role>
<ShortName> UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS </ShortName>
<MenuCategory> Statements </MenuCategory>
<Position> 4 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R5.htm </HtmlFileName>
<LongName> 00000005 - Statement - UNAUDITED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/UnauditedConsolidatedStatementOfChangesInStockholdersEquity </Role>
<ShortName> UNAUDITED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY </ShortName>
<MenuCategory> Statements </MenuCategory>
<Position> 5 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R6.htm </HtmlFileName>
<LongName> 00000006 - Statement - UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/UnauditedConsolidatedStatementsOfCashFlows </Role>
<ShortName> UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS </ShortName>
<MenuCategory> Statements </MenuCategory>
<Position> 6 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R7.htm </HtmlFileName>
<LongName> 00000007 - Disclosure - NATURE OF BUSINESS </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/NatureOfBusiness </Role>
<ShortName> NATURE OF BUSINESS </ShortName>
<MenuCategory> Notes </MenuCategory>
<Position> 7 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R8.htm </HtmlFileName>
<LongName> 00000008 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/SummaryOfSignificantAccountingPolicies </Role>
<ShortName> SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES </ShortName>
<MenuCategory> Notes </MenuCategory>
<Position> 8 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R9.htm </HtmlFileName>
<LongName> 00000009 - Disclosure - CONTINGENT LIABILITY </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/ContingentLiability </Role>
<ShortName> CONTINGENT LIABILITY </ShortName>
<MenuCategory> Notes </MenuCategory>
<Position> 9 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R10.htm </HtmlFileName>
<LongName> 00000010 - Disclosure - MORTGAGE SECURED NOTES PAYABLE </LongName>
<ReportType> Notes </ReportType>
<Role> http://korthdirect.com/role/MortgageSecuredNotesPayable </Role>
<ShortName> MORTGAGE SECURED NOTES PAYABLE </ShortName>
<MenuCategory> Notes </MenuCategory>
<Position> 10 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R11.htm </HtmlFileName>
<LongName> 00000011 - Disclosure - RESTRICTED CASH </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/RestrictedCash </Role>
<ShortName> RESTRICTED CASH </ShortName>
<MenuCategory> Notes </MenuCategory>
<Position> 11 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R12.htm </HtmlFileName>
<LongName> 00000012 - Disclosure - ACQUISITION OF RENTAL PROPERTY </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/AcquisitionOfRentalProperty </Role>
<ShortName> ACQUISITION OF RENTAL PROPERTY </ShortName>
<MenuCategory> Notes </MenuCategory>
<Position> 12 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R13.htm </HtmlFileName>
<LongName> 00000013 - Disclosure - COMMITMENTS </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/Commitments </Role>
<ShortName> COMMITMENTS </ShortName>
<MenuCategory> Notes </MenuCategory>
<Position> 13 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R14.htm </HtmlFileName>
<LongName> 00000014 - Disclosure - INDEMNIFICATIONS </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/Indemnifications </Role>
<ShortName> INDEMNIFICATIONS </ShortName>
<MenuCategory> Notes </MenuCategory>
<Position> 14 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R15.htm </HtmlFileName>
<LongName> 00000015 - Disclosure - RELATED PARTY TRANSACTIONS </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/RelatedPartyTransactions </Role>
<ShortName> RELATED PARTY TRANSACTIONS </ShortName>
<MenuCategory> Notes </MenuCategory>
<Position> 15 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R16.htm </HtmlFileName>
<LongName> 00000016 - Disclosure - DEFERRED REVENUE, NET </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/DeferredRevenueNet </Role>
<ShortName> DEFERRED REVENUE, NET </ShortName>
<MenuCategory> Notes </MenuCategory>
<Position> 16 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R17.htm </HtmlFileName>
<LongName> 00000017 - Disclosure - EMPLOYEE AND DIRECTOR STOCK OPTIONS </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/EmployeeAndDirectorStockOptions </Role>
<ShortName> EMPLOYEE AND DIRECTOR STOCK OPTIONS </ShortName>
<MenuCategory> Notes </MenuCategory>
<Position> 17 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R18.htm </HtmlFileName>
<LongName> 00000018 - Disclosure - PREFERRED EQUITY </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/PreferredEquity </Role>
<ShortName> PREFERRED EQUITY </ShortName>
<MenuCategory> Notes </MenuCategory>
<Position> 18 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R19.htm </HtmlFileName>
<LongName> 00000019 - Disclosure - FAIR VALUE </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/FairValue </Role>
<ShortName> FAIR VALUE </ShortName>
<MenuCategory> Notes </MenuCategory>
<Position> 19 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R20.htm </HtmlFileName>
<LongName> 00000020 - Disclosure - INCOME TAXES </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/IncomeTaxes </Role>
<ShortName> INCOME TAXES </ShortName>
<MenuCategory> Notes </MenuCategory>
<Position> 20 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R21.htm </HtmlFileName>
<LongName> 00000021 - Disclosure - PROPERTY AND EQUIPMENT </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/PropertyAndEquipment </Role>
<ShortName> PROPERTY AND EQUIPMENT </ShortName>
<MenuCategory> Notes </MenuCategory>
<Position> 21 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R22.htm </HtmlFileName>
<LongName> 00000022 - Disclosure - WAREHOUSE LINE OF CREDIT </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/WarehouseLineOfCredit </Role>
<ShortName> WAREHOUSE LINE OF CREDIT </ShortName>
<MenuCategory> Notes </MenuCategory>
<Position> 22 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R23.htm </HtmlFileName>
<LongName> 00000023 - Disclosure - SUBSEQUENT EVENTS </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/SubsequentEvents </Role>
<ShortName> SUBSEQUENT EVENTS </ShortName>
<MenuCategory> Notes </MenuCategory>
<Position> 23 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R24.htm </HtmlFileName>
<LongName> 00000024 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/SummaryOfSignificantAccountingPoliciesPolicies </Role>
<ShortName> SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) </ShortName>
<MenuCategory> Policies </MenuCategory>
<Position> 24 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R25.htm </HtmlFileName>
<LongName> 00000025 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/SummaryOfSignificantAccountingPoliciesTables </Role>
<ShortName> SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) </ShortName>
<MenuCategory> Tables </MenuCategory>
<ParentRole> http://korthdirect.com/role/SummaryOfSignificantAccountingPolicies </ParentRole>
<Position> 25 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R26.htm </HtmlFileName>
<LongName> 00000026 - Disclosure - CONTINGENT LIABILITY (Tables) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/ContingentLiabilityTables </Role>
<ShortName> CONTINGENT LIABILITY (Tables) </ShortName>
<MenuCategory> Tables </MenuCategory>
<ParentRole> http://korthdirect.com/role/ContingentLiability </ParentRole>
<Position> 26 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R27.htm </HtmlFileName>
<LongName> 00000027 - Disclosure - MORTGAGE SECURED NOTES PAYABLE (Tables) </LongName>
<ReportType> Notes </ReportType>
<Role> http://korthdirect.com/role/MortgageSecuredNotesPayableTables </Role>
<ShortName> MORTGAGE SECURED NOTES PAYABLE (Tables) </ShortName>
<MenuCategory> Tables </MenuCategory>
<ParentRole> http://korthdirect.com/role/MortgageSecuredNotesPayable </ParentRole>
<Position> 27 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R28.htm </HtmlFileName>
<LongName> 00000028 - Disclosure - COMMITMENTS (Tables) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/CommitmentsTables </Role>
<ShortName> COMMITMENTS (Tables) </ShortName>
<MenuCategory> Tables </MenuCategory>
<ParentRole> http://korthdirect.com/role/Commitments </ParentRole>
<Position> 28 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R29.htm </HtmlFileName>
<LongName> 00000029 - Disclosure - DEFERRED REVENUE, NET (Tables) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/DeferredRevenueNetTables </Role>
<ShortName> DEFERRED REVENUE, NET (Tables) </ShortName>
<MenuCategory> Tables </MenuCategory>
<ParentRole> http://korthdirect.com/role/DeferredRevenueNet </ParentRole>
<Position> 29 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R30.htm </HtmlFileName>
<LongName> 00000030 - Disclosure - EMPLOYEE AND DIRECTOR STOCK OPTIONS (Tables) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/EmployeeAndDirectorStockOptionsTables </Role>
<ShortName> EMPLOYEE AND DIRECTOR STOCK OPTIONS (Tables) </ShortName>
<MenuCategory> Tables </MenuCategory>
<ParentRole> http://korthdirect.com/role/EmployeeAndDirectorStockOptions </ParentRole>
<Position> 30 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R31.htm </HtmlFileName>
<LongName> 00000031 - Disclosure - FAIR VALUE (Tables) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/FairValueTables </Role>
<ShortName> FAIR VALUE (Tables) </ShortName>
<MenuCategory> Tables </MenuCategory>
<ParentRole> http://korthdirect.com/role/FairValue </ParentRole>
<Position> 31 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R32.htm </HtmlFileName>
<LongName> 00000032 - Disclosure - PROPERTY AND EQUIPMENT (Tables) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/PropertyAndEquipmentTables </Role>
<ShortName> PROPERTY AND EQUIPMENT (Tables) </ShortName>
<MenuCategory> Tables </MenuCategory>
<ParentRole> http://korthdirect.com/role/PropertyAndEquipment </ParentRole>
<Position> 32 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R33.htm </HtmlFileName>
<LongName> 00000033 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/SummaryOfSignificantAccountingPoliciesDetails </Role>
<ShortName> SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/SummaryOfSignificantAccountingPoliciesTables </ParentRole>
<Position> 33 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R34.htm </HtmlFileName>
<LongName> 00000034 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative </Role>
<ShortName> SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/SummaryOfSignificantAccountingPoliciesTables </ParentRole>
<Position> 34 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R35.htm </HtmlFileName>
<LongName> 00000035 - Disclosure - CONTINGENT LIABILITY (Details) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/ContingentLiabilityDetails </Role>
<ShortName> CONTINGENT LIABILITY (Details) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/ContingentLiabilityTables </ParentRole>
<Position> 35 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R36.htm </HtmlFileName>
<LongName> 00000036 - Disclosure - CONTINGENT LIABILITY (Details Narrative) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/ContingentLiabilityDetailsNarrative </Role>
<ShortName> CONTINGENT LIABILITY (Details Narrative) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/ContingentLiabilityTables </ParentRole>
<Position> 36 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R37.htm </HtmlFileName>
<LongName> 00000037 - Disclosure - MORTGAGE SECURED NOTES PAYABLE (Details) </LongName>
<ReportType> Notes </ReportType>
<Role> http://korthdirect.com/role/MortgageSecuredNotesPayableDetails </Role>
<ShortName> MORTGAGE SECURED NOTES PAYABLE (Details) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/MortgageSecuredNotesPayableTables </ParentRole>
<Position> 37 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R38.htm </HtmlFileName>
<LongName> 00000038 - Disclosure - MORTGAGE SECURED NOTES PAYABLE (Details Narrative) </LongName>
<ReportType> Notes </ReportType>
<Role> http://korthdirect.com/role/MortgageSecuredNotesPayableDetailsNarrative </Role>
<ShortName> MORTGAGE SECURED NOTES PAYABLE (Details Narrative) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/MortgageSecuredNotesPayableTables </ParentRole>
<Position> 38 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R39.htm </HtmlFileName>
<LongName> 00000039 - Disclosure - RESTRICTED CASH (Details Narrative) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/RestrictedCashDetailsNarrative </Role>
<ShortName> RESTRICTED CASH (Details Narrative) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/RestrictedCash </ParentRole>
<Position> 39 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R40.htm </HtmlFileName>
<LongName> 00000040 - Disclosure - ACQUISITION OF RENTAL PROPERTY (Details Narrative) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/AcquisitionOfRentalPropertyDetailsNarrative </Role>
<ShortName> ACQUISITION OF RENTAL PROPERTY (Details Narrative) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/AcquisitionOfRentalProperty </ParentRole>
<Position> 40 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R41.htm </HtmlFileName>
<LongName> 00000041 - Disclosure - COMMITMENTS (Details) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/CommitmentsDetails </Role>
<ShortName> COMMITMENTS (Details) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/CommitmentsTables </ParentRole>
<Position> 41 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R42.htm </HtmlFileName>
<LongName> 00000042 - Disclosure - COMMITMENTS (Details Narrative) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/CommitmentsDetailsNarrative </Role>
<ShortName> COMMITMENTS (Details Narrative) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/CommitmentsTables </ParentRole>
<Position> 42 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R43.htm </HtmlFileName>
<LongName> 00000043 - Disclosure - DEFERRED REVENUE, NET (Details) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/DeferredRevenueNetDetails </Role>
<ShortName> DEFERRED REVENUE, NET (Details) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/DeferredRevenueNetTables </ParentRole>
<Position> 43 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R44.htm </HtmlFileName>
<LongName> 00000044 - Disclosure - EMPLOYEE AND DIRECTOR STOCK OPTIONS (Details) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/EmployeeAndDirectorStockOptionsDetails </Role>
<ShortName> EMPLOYEE AND DIRECTOR STOCK OPTIONS (Details) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/EmployeeAndDirectorStockOptionsTables </ParentRole>
<Position> 44 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R45.htm </HtmlFileName>
<LongName> 00000045 - Disclosure - EMPLOYEE AND DIRECTOR STOCK OPTIONS (Details 1) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/EmployeeAndDirectorStockOptionsDetails1 </Role>
<ShortName> EMPLOYEE AND DIRECTOR STOCK OPTIONS (Details 1) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/EmployeeAndDirectorStockOptionsTables </ParentRole>
<Position> 45 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R46.htm </HtmlFileName>
<LongName> 00000046 - Disclosure - EMPLOYEE AND DIRECTOR STOCK OPTIONS (Details Narrative) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/EmployeeAndDirectorStockOptionsDetailsNarrative </Role>
<ShortName> EMPLOYEE AND DIRECTOR STOCK OPTIONS (Details Narrative) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/EmployeeAndDirectorStockOptionsTables </ParentRole>
<Position> 46 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R47.htm </HtmlFileName>
<LongName> 00000047 - Disclosure - PREFERRED EQUITY (Details Narrative) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/PreferredEquityDetailsNarrative </Role>
<ShortName> PREFERRED EQUITY (Details Narrative) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/PreferredEquity </ParentRole>
<Position> 47 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R48.htm </HtmlFileName>
<LongName> 00000048 - Disclosure - FAIR VALUE (Details) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/FairValueDetails </Role>
<ShortName> FAIR VALUE (Details) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/FairValueTables </ParentRole>
<Position> 48 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R49.htm </HtmlFileName>
<LongName> 00000049 - Disclosure - FAIR VALUE (Details 1) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/FairValueDetails1 </Role>
<ShortName> FAIR VALUE (Details 1) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/FairValueTables </ParentRole>
<Position> 49 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R50.htm </HtmlFileName>
<LongName> 00000050 - Disclosure - FAIR VALUE (Details 2) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/FairValueDetails2 </Role>
<ShortName> FAIR VALUE (Details 2) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/FairValueTables </ParentRole>
<Position> 50 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R51.htm </HtmlFileName>
<LongName> 00000051 - Disclosure - FAIR VALUE (Details Narrative) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/FairValueDetailsNarrative </Role>
<ShortName> FAIR VALUE (Details Narrative) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/FairValueTables </ParentRole>
<Position> 51 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R52.htm </HtmlFileName>
<LongName> 00000052 - Disclosure - INCOME TAXES (Details Narrative) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/IncomeTaxesDetailsNarrative </Role>
<ShortName> INCOME TAXES (Details Narrative) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/IncomeTaxes </ParentRole>
<Position> 52 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R53.htm </HtmlFileName>
<LongName> 00000053 - Disclosure - PROPERTY AND EQUIPMENT (Details) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/PropertyAndEquipmentDetails </Role>
<ShortName> PROPERTY AND EQUIPMENT (Details) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/PropertyAndEquipmentTables </ParentRole>
<Position> 53 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R54.htm </HtmlFileName>
<LongName> 00000054 - Disclosure - PROPERTY AND EQUIPMENT (Details Narrative) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/PropertyAndEquipmentDetailsNarrative </Role>
<ShortName> PROPERTY AND EQUIPMENT (Details Narrative) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/PropertyAndEquipmentTables </ParentRole>
<Position> 54 </Position>
</Report>
<Report instance="kdm11823010q.htm">
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<HtmlFileName> R55.htm </HtmlFileName>
<LongName> 00000055 - Disclosure - WAREHOUSE LINE OF CREDIT (Details Narrative) </LongName>
<ReportType> Sheet </ReportType>
<Role> http://korthdirect.com/role/WarehouseLineOfCreditDetailsNarrative </Role>
<ShortName> WAREHOUSE LINE OF CREDIT (Details Narrative) </ShortName>
<MenuCategory> Details </MenuCategory>
<ParentRole> http://korthdirect.com/role/WarehouseLineOfCredit </ParentRole>
<Position> 55 </Position>
</Report>
<Report>
<IsDefault> false </IsDefault>
<HasEmbeddedReports> false </HasEmbeddedReports>
<LongName> All Reports </LongName>
<ReportType> Book </ReportType>
<ShortName> All Reports </ShortName>
</Report>
</MyReports>
<InputFiles>
<File> cik0001695963-20230930.xsd </File>
<File> cik0001695963-20230930_cal.xml </File>
<File> cik0001695963-20230930_def.xml </File>
<File> cik0001695963-20230930_lab.xml </File>
<File> cik0001695963-20230930_pre.xml </File>
<File doctype="10-Q" isDefinitelyFs="true" isUsgaap="true" original="kdm11823010q.htm"> kdm11823010q.htm </File>
</InputFiles>
<SupplementalFiles/>
<BaseTaxonomies>
<BaseTaxonomy items="428"> http://fasb.org/us-gaap/2023 </BaseTaxonomy>
<BaseTaxonomy items="28"> http://xbrl.sec.gov/dei/2023 </BaseTaxonomy>
</BaseTaxonomies>
<HasPresentationLinkbase> true </HasPresentationLinkbase>
<HasCalculationLinkbase> true </HasCalculationLinkbase>
</FilingSummary>

9 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/05/22  Korth Direct Mortgage Inc.        8-K:1,9     7/28/22   13:817K                                   Securex Filings/FA
 8/16/21  Korth Direct Mortgage Inc.        10-Q        6/30/21   68:3.9M                                   Securex Filings/FA
 7/01/21  Korth Direct Mortgage Inc.        8-K:3,5,7,9 6/30/21    6:268K                                   Securex Filings/FA
10/07/20  Korth Direct Mortgage Inc.        8-K:1,9     9/30/20    2:327K                                   Securex Filings/FA
 8/06/20  Korth Direct Mortgage Inc.        8-K:1,2,3,9 7/31/20    2:49K                                    Securex Filings/FA
 6/28/19  Korth Direct Mortgage Inc.        8-K:5,9     6/28/19    2:112K                                   Securex Filings/FA
 6/12/19  Korth Direct Mortgage Inc.        8-K:3,5,9   6/07/19    5:322K                                   Securex Filings/FA
11/13/18  Korth Direct Mortgage Inc.        10-Q        9/30/18   37:1.4M                                   Securex Filings/FA
11/20/17  Korth Direct Mortgage Inc.        S-1/A11/17/17    7:2.2M                                   Securex Filings/FA
↑Top
Filing Submission 0001214659-23-014973   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help — Thu., May 9, 3:46:52.2am ET