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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 8/15/22 Korth Direct Mortgage Inc. 10-Q 6/30/22 69:3.7M Securex Filings/FA |
Document/Exhibit Description Pages Size 1: 10-Q Quarterly Report HTML 575K 2: EX-31.1 Certification -- §302 - SOA'02 HTML 23K 3: EX-31.2 Certification -- §302 - SOA'02 HTML 23K 4: EX-32.1 Certification -- §906 - SOA'02 HTML 20K 5: EX-32.2 Certification -- §906 - SOA'02 HTML 20K 11: R1 Cover HTML 71K 12: R2 Unaudited Consolidated Statements of Financial HTML 101K Condition 13: R3 Unaudited Consolidated Statements of Financial HTML 42K Condition (Parenthetical) 14: R4 Unaudited Consolidated Statements of Income HTML 110K 15: R5 Unaudited Consolidated Statement of Changes in HTML 54K Stockholders' Equity 16: R6 Unaudited Consolidated Statements of Cash Flows HTML 102K 17: R7 Nature of Business HTML 24K 18: R8 Summary of Significant Accounting Policies HTML 53K 19: R9 Contingent Liability HTML 28K 20: R10 Mortgage Secured Notes Payable HTML 33K 21: R11 Restricted Cash HTML 27K 22: R12 Commitments HTML 31K 23: R13 Indemnifications HTML 22K 24: R14 Related Party Transactions HTML 24K 25: R15 Deferred Revenue, Net HTML 35K 26: R16 Employee and Director Stock Options HTML 44K 27: R17 Preferred Equity HTML 39K 28: R18 Fair Value HTML 81K 29: R19 Income Taxes HTML 28K 30: R20 Property and Equipment HTML 32K 31: R21 Warehouse Line of Credit HTML 26K 32: R22 Subsequent Events HTML 25K 33: R23 Summary of Significant Accounting Policies HTML 90K (Policies) 34: R24 Summary of Significant Accounting Policies HTML 25K (Tables) 35: R25 Contingent Liability (Tables) HTML 26K 36: R26 Mortgage Secured Notes Payable (Tables) HTML 26K 37: R27 Commitments (Tables) HTML 27K 38: R28 Deferred Revenue, Net (Tables) HTML 31K 39: R29 Employee and Director Stock Options (Tables) HTML 41K 40: R30 Fair Value (Tables) HTML 77K 41: R31 Property and Equipment (Tables) HTML 30K 42: R32 The following table provides a reconciliation of HTML 27K cash, cash equivalents, and restricted cash to amounts shown in the consolidated statements of cash flows as of June 30, 2022 and 2021 (Details) 43: R33 Summary of Significant Accounting Policies HTML 27K (Details Narrative) 44: R34 The following table summarizes the unpaid HTML 27K Contingent Liability outstanding as of June 30, 2022 (Details) 45: R35 Contingent Liability (Details Narrative) HTML 27K 46: R36 The following table presents the future scheduled HTML 41K principal payments on the Company?s MSNs (Details) 47: R37 Mortgage Secured Notes Payable (Details Narrative) HTML 32K 48: R38 Restricted Cash (Details Narrative) HTML 37K 49: R39 The following is a schedule of the maturities of HTML 39K future lease payments over the remaining life of the operating leases, reconciled to the net present value of as of June 30, 2022 (Details) 50: R40 Commitments (Details Narrative) HTML 28K 51: R41 The following is a summary of the loan origination HTML 34K fees and costs deferred and amortized for the six months ended June 30, 2022 (Details) 52: R42 Schedule of estimated fair value of stockoptions HTML 30K weighted-average assumptions (Details) 53: R43 Stock option activity for the six months ended HTML 53K June 30, 2022, is summarized as follows (Details) 54: R44 Employee and Director Stock Options (Details HTML 37K Narrative) 55: R45 Preferred Equity (Details Narrative) HTML 51K 56: R46 The following tables display the Company?s assets HTML 49K and liabilities measured at fair value on a recurring basis (Details) 57: R47 The following table presents a reconciliation of HTML 56K changes in Level 3 assets and liabilities reported in the Consolidated Statements of Financial Condition for June 30, 2022 (Details) 58: R48 The following table presents quantitative HTML 36K information regarding the significant unobservable inputs the Company uses to determine the fair value of Level 3 investments held as of June 30, 2022 (Details) 59: R49 Fair Value (Details Narrative) HTML 25K 60: R50 Income Taxes (Details Narrative) HTML 34K 61: R51 Schedule of property and equipment (Details) HTML 32K 62: R52 Property and Equipment (Details Narrative) HTML 22K 63: R53 Warehouse Line of Credit (Details Narrative) HTML 27K 64: R54 Subsequent Events (Details Narrative) HTML 31K 67: XML IDEA XML File -- Filing Summary XML 124K 65: XML XBRL Instance -- k81022010q_htm XML 721K 66: EXCEL IDEA Workbook of Financial Reports XLSX 103K 7: EX-101.CAL XBRL Calculations -- cik0001695963-20220630_cal XML 145K 8: EX-101.DEF XBRL Definitions -- cik0001695963-20220630_def XML 383K 9: EX-101.LAB XBRL Labels -- cik0001695963-20220630_lab XML 730K 10: EX-101.PRE XBRL Presentations -- cik0001695963-20220630_pre XML 606K 6: EX-101.SCH XBRL Schema -- cik0001695963-20220630 XSD 138K 68: JSON XBRL Instance as JSON Data -- MetaLinks 305± 446K 69: ZIP XBRL Zipped Folder -- 0001214659-22-010126-xbrl Zip 168K
Exhibit 31.1
CERTIFICATION OF CHIEF EXECUTIVE OFFICER
PURSUANT TO RULE 13a-14(a) OR 15d-14(a)
OF THE SECURITIES EXCHANGE ACT OF 1934,
AS ADOPTED PURSUANT TO SECTION 302 OF THE
SARBANES-OXLEY ACT OF 2002
I, James W. Korth, certify that:
1. I have reviewed this Quarterly Report on Form 10-Q of Korth Direct Mortgage Inc. (the “Registrant”);
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the unaudited condensed consolidated financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;
4. The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:
a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c. Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;
d. Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and
5. The Registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of Registrant’s board of directors (or persons performing the equivalent functions):
a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and
b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.
Dated: August 15, 2022 | /s/ James W. Korth | |
James W. Korth, Chief Executive Officer |
This ‘10-Q’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Filed on: | 8/15/22 | None on these Dates | ||
For Period end: | 6/30/22 | |||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 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/A¶ 11/17/17 7:2.2M Securex Filings/FA |